The Shortwave Infrared (SWIR) Market Size will be valued at USD 393.58 million by 2031, and it was valued at USD 196.02 million in 2023, and grow at a CAGR of 9.1% over the forecast period 2024-2031.
Shortwave infrared (SWIR) is an advanced electromagnetic spectrum band in the infrared (IR) range. Shortwave infrared is widely used to capture better image quality than visible light images. Images taken in shortwave infrared are directly related to the object. Infrared cameras that detect radiation that is undetectable to the naked eye are known as shortwave infrared cameras. Because of their feature, this technology is widely used in general monitoring thinking and advances in hyperspectral imaging applications.
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KEY DRIVERS:
Increased use of SWIR cameras in the military and defense sectors.
Increase in adoption of SWIR cameras in machine vision applications.
SWIR detectors have been upgraded in terms of technological features and qualities.
SWIR cameras are in high demand for a variety of commercial applications.
RESTRAINTS:
Import and export of SWIR cameras are subject to strict rules.
OPPORTUNITIES:
SWIR cameras are in higher demand for new applications.
CHALLENGES:
SWIR cameras have high manufacturing costs.
COVID-19 has had a severe impact on the global economy as well as all industries. Governments in several countries have established borders to stop the plague from spreading. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption. The SWIR market has been seeing significant growth over the years due to the high adoption of SWIR technology in both industrial and non-industrial for various applications including security, surveillance, monitoring, and testing. However, the COVID-19 epidemic has led to a slowdown in SWIR market growth. One of the key factors is the decline in demand for SWIR cameras for a variety of applications including industrial process monitoring, industrial furnace monitoring, solar cell testing, test screening, and applications that improve driver perception. The epidemic has halted the acceptance of SWIR cameras due to the huge disruption it has caused to businesses and the global economy. The epidemic has led to a decline in productivity leading to a sharp decline in business inputs.
By Material, the Shortwave Infrared (SWIR) Market is subdivided into Indium Gallium Arsenide, Lead Sulfide, SWIR Market, by Scanning Type, Area Scan, Line Scan, Indium Antimonide, and Mercury Cadmium Telluride.
The market based on the type of scanner is divided into area scanning and line scanning. SWIR scan cameras in the area dominated the SWIR market based on the 2020 model, and the trend is expected to continue during the forecast period. The high position of SWIR scanning cameras in the area can be attributed to their wide range of all precision. Industrial process monitoring, industrial furnace monitoring, solar cell testing, pilot vision enhancement, space photography, and security and surveillance are some of the applications of local SWIR scan cameras.
By Technology, the Shortwave Infrared (SWIR) Market is subdivided into Uncooled Technology and Cooled Technology. The SWIR market is expected to be led by an uncooled segment during the forecast period. The high position of this component may be due to the high demand for industrial & non-industrial SWIR cameras, especially from the military and defense sector due to its low cost compared to SWIR cooler cameras. SWIR-cooled cameras have more sensitive sensors than non-coated SWIR cameras, while the cost of non-cooled cameras is generally lower than that of cooler cameras.
By Offerings
Hardware
Software
Service
By Material
Indium Gallium Arsenide
Lead Sulfide
SWIR Market
By Scanning Type
Area Scan
Line Scan
Indium Antimonide
Mercury Cadmium Telluride
By Technology
Uncooled Technology
Cooled Technology
By Application
Security & Surveillance
Detection
Monitoring & Inspection
By Vertical INDUSTRY
Military & Defense
Scientific Research
Industrial
Non-Industrial
Medical
Others
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North America hosted the largest SWIR market share. One of the main reasons for the leading position in North America is the military presence and protection of a few prominent people, scientific research, and medical players in North America who produce the need for SWIR cameras. However, several companies providing SWIR cameras are present in the region, which can also contribute to the growth of the SWIR market in North America.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The key players in the Shortwave Infrared (SWIR) Market are Collins Aerospace, Xenics, Allied Vision Technologies, Lynred, Photon, Teledyne FLIR, New Imaging Technologies, Raptor Photonics, Opgal Optronic, Hamamatsu Photonics & Other Players.
Raptor Photonics-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 196.02 Million |
| Market Size by 2031 | US$ 393.58 Million |
| CAGR | CAGR of 9.1% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Offerings (Hardware, Software, Service) • By Material (Indium Gallium Arsenide, Lead Sulfide, SWIR Market • By Scanning Type (Area Scan, Line Scan, Indium Antimonide, Mercury Cadmium Telluride) • By Technology (Uncooled Technology, Cooled Technology) • By Application (Security & Surveillance, Detection, Monitoring & Inspection) • By Vertical Industry (Military & Defense, Scientific Research, Industrial, Non-Industrial, Medical, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of the Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Collins Aerospace, Xenics, Allied Vision Technologies, Lynred, Photon, Teledyne FLIR, New Imaging Technologies, Raptor Photonics, Opgal Optronic, Hamamatsu Photonics, and Others. |
| Key Drivers | • Increased use of SWIR cameras in the military and defense sectors. • Increase in adoption of SWIR cameras in machine vision applications. |
| Restraints | • Import and export of SWIR cameras are subject to strict rules. |
The market size will be valued at USD 393.58 million by 2031, and grow at a CAGR of 9.1% over the forecast period 2024-2031.
The SWIR market has been seeing significant growth over the years due to the high adoption of SWIR technology in both industrial and non-industrial for various applications including security, surveillance, monitoring and testing. However, the COVID-19 epidemic has led to a slowdown in SWIR market growth.
The key players in the Shortwave Infrared (SWIR) Market are Collins Aerospace, Xenics, Allied Vision Technologies, Lynred, Photon, Teledyne FLIR, New Imaging Technologies, Raptor Photonics, Opgal Optronic, Himamatsu Photonics and Other.
Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Shortwave Infrared (SWIR) Market Segmentation, by solution offerings
8.1Introduction
8.2 Hardware
8.3 Software
8.4 Service
9. Shortwave Infrared (SWIR) Market Segmentation, by material
9.1 Introduction
9.2 Indium Gallium Arsenide
9.3 Lead Sulfide
10. Shortwave Infrared (SWIR) Market Segmentation, by Scanning Type
10.5 Area Scan
10.6 Line Scan
10.7 Indium Antimonide
10.8 Mercury Cadmium Telluride
11. Shortwave Infrared (SWIR) Market Segmentation, by technology
11.1 Introduction
11.2 Uncooled Technology
11.3 Cooled Technology
12. Shortwave Infrared (SWIR) Market Segmentation, by application
12.1 Introduction
12.2 Security & Surveillance
12.3 Detection
12.4 Monitoring & Inspection
13. Shortwave Infrared (SWIR) Market Segmentation, by vertical-industry
13.1 Introduction
13.2 Military & Defense
13.3 Scientific Research
13.4 Industrial
13.5 Non-Industrial
13.6 Medical
13.7 Others
14. Regional Analysis
14.1 Introduction
14.2 North America
14.2.1 USA
14.2.2 Canada
14.2.3 Mexico
14.3 Europe
14.3.1 Germany
14.3.2 UK
14.3.3 France
14.3.4 Italy
14.3.5 Spain
14.3.6 The Netherlands
14.3.7 Rest of Europe
14.4 Asia-Pacific
14.4.1 Japan
14.4.2 South Korea
14.4.3 China
14.4.4 India
14.4.5 Australia
14.4.6 Rest of Asia-Pacific
14.5 The Middle East & Africa
14.5.1 Israel
14.5.2 UAE
14.5.3 South Africa
14.5.4 Rest
14.6 Latin America
14.6.1 Brazil
14.6.2 Argentina
14.6.3 Rest of Latin America
15 Company Profiles
15.1 Allied Vision Technologies.
15.1.1 Financial
15.1.2 Products/ Services Offered
15.1.3 SWOT Analysis
15.1.4 The SNS view
15.2 Collins Aerospace
15.3 Xenics
15.4 Lynred
15.5 Photon
15.6 Teledyne FLIR
15.7 New Imaging Technologies
15.8 Raptor Photonics
15.9 Opgal Optronic
15.10 Himamatsu Photonics
4.11 Other
16 Competitive Landscape
16.1 Competitive Benchmark
16.2 Market Share analysis
16.3 Recent Developments
17 Conclusion
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