Shortwave 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. Since silicon sensors have an upper limit of approximately 1.0μm, SWIR imaging requires unique optical and electronic components capable of performing in the specific SWIR range. Shortwave infrared (SWIR) defines a specific wavelength range over which optical and electronic components are designed and coated. SWIR imaging offers a number of advantages compared to visible when used for inspection, sorting, surveillance, quality control, and host of other applications.
Market Analysis and Insights: Global Shortwave Infrared (SWIR) Market
Due to the COVID-19 pandemic, the global Shortwave Infrared (SWIR) market size is estimated to be worth US$ 758.9 million in 2022 and is forecast to a readjusted size of US$ 1210.9 million by 2028 with a CAGR of 8.1% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Area Scan accounting for % of the Shortwave Infrared (SWIR) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Scientific Research segment is altered to an % CAGR throughout this forecast period.
North America held the largest size of the SWIR market in 2017 and is expected to witness significant growth during the forecast period. Military and defense, industrial, and commercial are the major verticals that account for a significant share of the SWIR market in North America. Besides, this region is witnessing increasing demand for these cameras, especially cooled SWIR cameras, from the scientific research vertical.
Global Shortwave Infrared (SWIR) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Shortwave Infrared (SWIR) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Area Scan
Line Scan
Segment by Application
Scientific Research
Commercial
Industrial
Medical
Military & Defense
Others
By Company
Sensors Unlimited
Flir Systems
Xenics
New Imaging Technologies
Allied Vision Technologies
Raptor Photonics
Sofradir Group
Princeton Instruments
Photon Etc
Hamamatsu Photonics
Production by Region
North America
Europe
China
Japan
South Korea
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina