The SWIR Market is expected to grow from USD 166 million in 2021 to USD 277 million by 2027; it is expected to grow at a CAGR of 8.9 % during the forecast period. Security & surveillance, monitoring & inspection are the key applications that dominate the SWIR Market and also contribute significantly to its growth.
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Major players in the SWIR Market have primarily adopted partnership and contract strategies to strengthen their position in the market.
- In June 2021, Collins Aerospace (US) has partnered with Airbus (Netherlands) to supply upgraded passenger service units for the new A320 family of Airbus.
- In May 2021, Teledyne FLIR won a contract to deliver its FLIR Black Hornet 3 Personal Reconnaissance Systems (PRS) to US Army. It is an advanced nano-unmanned aerial vehicle used for surveillance.
- Teledyne FLIR (US), Collins Aerospace (US), Xenics ( Belgium), New Imaging Technologies (France), and Allied Vision Technologies (Germany) are among the major players in the SWIR Market.
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Collins Aerospace:
Collins Aerospace (US) is well known for its SWIR imaging solutions and InGaAs technology products. Collins Aerospace’s leading position in the SWIR Market can be attributed to its strong product portfolio of SWIR cameras, consisting of both area scan and line scan cameras. In addition to an extensive product portfolio, the company’s strong brand image and wide geographic reach have also helped it attain a leading position in the SWIR Market.
Teledyne Flir:
Teledyne FLIR(US) is well known company in SWIR Market. The company’s experience of over 40 years in the infrared imaging industry, coupled with its strong brand image and sales and distribution network, has helped it gain a prominent position in the SWIR Market. Teledyne FLIR also has a stronghold on the US market and can strengthen its grip on other regions using its strong product portfolio and brand image.
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