Report Details-
Global SWIR Market, By Scanning Type (Line Scan and Area Scan), Detector Type (Cooled and Uncooled), Chemical Composition (Indium Gallium Arsenide, Mercury Cadmium Telluride, Indium Antimonide (INSB), Lead Sulfide Quantum Dots and Others), Application (Machine Vision, Thermal Imaging, Hyperspectral Imaging, Security & Surveillance, Photovoltaics and Others), Component (Hardware, Software and Services), Industry (Commercial, Industrial, Medical, Military & Defense and Others), Country(U.S., Canada and Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., Israel, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global SWIR Market
Global SWIR market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 9.2% in the forecast period of 2021 to 2028 and expected to reach USD 345.02 million by 2028. Increasing demand for multispectral imaging systems is acting as major factor for the growth of the market.
Short-wave infrared (SWIR) is typically defined as light in the 0.9–1.7μm wavelength range, or can also be in range of 0.7–2.5μm. Short-wave Infrared imaging (SWIR) refers to an advanced technique which is used for producing images based on radiation in the region of the electromagnetic spectrum invisible to the naked eye. SWIR imaging requires unique optical and electronic components capable of performing in the specific SWIR range. A large number of applications that are difficult or impossible to perform using visible light are possible using SWIR. When imaging in SWIR, water vapor, fog, other environment constraints and certain materials such as silicon are transparent. SWIR imagers are used in a large number of applications such as silicon inspection, laser beam profiling, hyperspectral imaging, chemical and plastics sensing, machine vision imaging, agricultural sensing, surveillance systems, and medical imaging. They are also intended for use in mobile phone facial recognition sensors, and autonomous vehicle imaging though obscured environments.
Some of the factors which are driving the market are surging demand for short wave infrared cameras for machine vision applications. Shortwave infrared (SWIR) imaging is growing in machine vision for process control. SWIR imagers see objects and events which traditional and thermal cameras cannot. SWIR cameras are also smaller and light weight when compared to thermal cameras. The growth of the market has been highly boosted by increasing demand for multispectral imaging systems. The growing adoption of SWIR for different applications by various end-users is boosting the growth of the SWIR market. Stringent regulations related to the import and export of SWIR cameras act as a major restraint factor for the global SWIR market.
Global SWIR Market Scope and Market Size
Global SWIR market is segmented on the basis of scanning type, detector type, chemical composition, application, component and industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of scanning type, global SWIR market has been segmented into line scan and area scan. In 2021, line scan segment is expected to dominate the market, owing to increasing usage of SWIR for line-scan inspection applications such as paper, rolls of metal, fiber, railway inspection, solar cells, textiles, pharmaceuticals, semiconductors and postal sorting.
- On the basis of detector type, global SWIR market has been segmented into cooled and uncooled. In 2021, uncooled segment is expected to dominate the market, as uncooled detectors are the most common type used for thermal imaging devices across these regions.
- On the basis of chemical composition, global SWIR market has been segmented into indium gallium arsenide, mercury cadmium telluride, indium antimonide (INSB), lead sulfide quantum dots and others. In 2021, indium gallium arsenide segment is expected to dominate the market, as it is most common technology being used in infrared spectroscopy for studying light in the SWIR range.
- On the basis of application, global SWIR market has been segmented into machine vision, thermal imaging, hyperspectral imaging, security & surveillance, photovoltaics and others. In 2021, security & surveillance segment is expected to dominate the market, due to factors such increasing usages of SWIR for security & surveillance across military and defence applications.
WIR Market Country Level Analysis
Global SWIR market is analysed and market size information is provided by scanning type, detector type, chemical composition, application, component and industry.
The regions covered in global SWIR market report are U.S., Canada and Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Israel, Egypt, rest of Middle East and Africa, Brazil, Argentina and rest of South America.
North America region is expected to dominate the SWIR market globally due to rising usage of shortwave infrared for industrial, commercial, military, and defense purposes.
U.S. dominates the North America SWIR market due to factors such as strong presence of thermal imaging providers and growing adoption of technological innovations in SWIR. Germany dominates the Europe SWIR market due to increasing research and development activities along with prevalence of majority of manufacturers. China dominates the Asia-Pacific SWIR market owing to the owing to factors such as presence of large number of SWIR suppliers and providers and increasing adoption of automation for business processes.
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Competitive Landscape and Global SWIR Market Share Analysis
Global SWIR market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to global SWIR market.
The major players covered in the report Sensors Unlimited (A subsidiary of Collins Aerospace), Teledyne Technologies Incorporated., Xenics NV, Lynred, Allied Vision Technologies GmbH, Hamamatsu Photonics K.K., NIT, Photon Etc. Inc, Princeton Infrared Technologies, Inc., Raptor Photonics, IRCameras LLC, Intevac, Inc., Opgal Optronic Industries Ltd., InfraTec GmbH, TTP plc., Photonic Science and Engineering Limited, SWIR Vision Systems, Edmund Optics Inc., Atik Cameras Limited (A Subsidiary of SDI Group), and Silent Sentinel among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Major TOC of the Report
1 INTRODUCTION
2 MARKET SEGMENTATION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
6 IMPACT OF COVID-19 ON THE GLOBAL SWIR MARKET
7 GLOBAL SWIR MARKET, BY INDUSTRY TYPE
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