Global Shortwave Infrared (SWIR) Market
The Global Shortwave Infrared (SWIR) Market was valued at USD 815.32 million in 2016 and is projected to reach USD 1592.19 million by 2025, growing at a CAGR of 7.72% from 2017 to 2025.
Short-wave infrared (SWIR) light is typically defined as light in the 0.9 – 1.7μm wavelength range, but can also be classified from 0.7 – 2.5μm. SWIR technology is used in a variety of applications including electronic board inspection, solar cell inspection, produce inspection, identifying and sorting, surveillance, anti-counterfeiting, process quality control. Benefits of SWIR includes high sensitivity, high resolution, seeing in the light of night glow or night sky radiance, day-to-night imaging, covert illumination, able to see covert lasers and beacons, no cryogenic cooling required, conventional, low-cost visible spectrum lenses, small size, and low power.
1. Market Drivers
1.1 Rising application areas of SWIR cameras
1.2 Increasing demand for SWIR line scan cameras for machine vision applications
1.3 Adoption of SWIR cameras in military and defense sector
1.4 Technological enhancements in SWIR detectors
2. Market Restraints
2.1 High cost of SWIR cameras
2.2 Strict import and export regulations that restrain the market growth
The Global Shortwave Infrared (SWIR) Market is segmented on the technology, scanning type, vertical, and region.
2. By Scanning Type:
2.1 Line Scan
2.2 Area Scan
3. By Vertical:
3.1 Military & Defense
3.2 Scientific Research
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Allied Vision Technologies GmbH
2. Sofradir Group
3. New Imaging Technologies
4. Sensors Unlimited Inc.
5. Xenics NV
6. Flir Systems, Inc.
7. Hamamatsu Photonics K.K.
8. Raptor Photonics Limited
9. Photon Etc.
10. Princeton Instruments
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Shortwave Infrared (SWIR) Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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