According to forecasts, the Shortwave Infrared (SWIR) Market will rise from USD 166 million in 2021 to USD 277 million by 2027, representing an exceptional compound annual growth rate (CAGR) of 8.9%.

This expansion tendency is a sign of the growing demand for SWIR technology across numerous industries. A growing number of industries, including industrial, defence and security, automotive, and healthcare, are adopting SWIR due to its distinctive imaging and sensing capabilities within a certain wavelength range. Technological developments and growing knowledge of SWIR's potential for improved imaging and analytics are driving the market's expansion further, reiterating its status as a valued technology with a bright future.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=52975079

Shortwave Infrared (SWIR) Market

A key factor fueling the market's expansion is the spike in demand for Shortwave Infrared (SWIR) goods from the nonindustrial vertical. In particular, SWIR cameras are seeing a significant increase in utilisation for machine vision applications across a variety of industries, including electronics, semiconductors, food & beverage, and aerospace. This expanded use across industries highlights the technology's adaptability and effectiveness in taking photos and offering insightful data, ultimately boosting demand. As a result, the market is anticipated to increase significantly in the near future due to the rising uses and advantages of SWIR technology across a variety of industrial areas.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=52975079

By technology, uncooled segment to account for largest market share during forecast period

The uncooled segment emerges as the dominating player in the Shortwave Infrared (SWIR) market based on technological analysis, and it is projected that it will hold a greater market share throughout the forecast period. Due to their cost-effectiveness when compared to their cooled SWIR competitors, uncooled SWIR cameras are in high demand, which contributes to their market domination. Notably, the use of uncooled SWIR cameras is heavily influenced by the security and surveillance application space. Because of the economic benefits and crucial role played by uncooled SWIR technology, notably in the field of security and surveillance applications, the uncooled segment is therefore prepared to maintain its lead.

By scanning type, line scan segment is expected to grow at highest CAGR during forecast period

The Shortwave Infrared (SWIR) market's line scan category is predicted to have notable growth with the highest Compound Annual Growth Rate (CAGR) throughout the course of the forecast period. The numerous uses of line scan cameras in the industrial sector are what are driving this expansion. Line scan SWIR cameras are good for capturing images of moving targets and are widely used in fields where such applications are common. Their affordability when compared to area scan cameras further promotes their usage in the industrial sector. Important SWIR market players like Belgium-based Xenics provide a variety of line scan SWIR cameras, fostering the development of this market niche.

Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/shortwave-ir-market-52975079.html

North America to account for largest market share during forecast period

During the projection period, North America is anticipated to have the biggest market share for Shortwave Infrared (SWIR), further seeing significant increase from 2018 to 2024. This supremacy can be linked to the region's heavy concentration of important actors in the military and defence, research, and healthcare industries. Due to their prominence as major SWIR camera users, these industries produce a sizable amount of demand, which drives the market expansion in North America. The region's standing as a significant participant in the global SWIR market is cemented by the persistent demand for SWIR technology in a variety of crucial applications within these sectors.

Key Market Players

Key players in the SWIR market include Sensors Unlimited (US), FLIR Systems (US), Xenics (Belgium), New Imaging Technologies (France), Allied Vision Technologies (Germany), Sofradir (France), Raptor Photonics (UK), Hamamatsu Photonics K.K. (Japan), and Opgal Optronic Industries (Israel). Sensors Unlimited is well known for its SWIR imaging solutions and InGaAs technology products. Its leading position in the SWIR market can be attributed to its strong product portfolio of SWIR cameras, consisting of both area scan cameras and line scan cameras. The company is further strengthening its product portfolio by introducing new products. In 2016, the company launched Micro-SWIR 640CSX Camera—a rugged, lightweight, and low-cost SWIR camera; and in 2015, the company introduced two new SWIR products—320-MicroSWIR camera and GL2048R camera. Besides 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.  

News Covered:

https://www.prnewswire.com/news-releases/shortwave-infrared-swir-market-worth-277-million-by-2027--exclusive-report-by-marketsandmarkets-301460348.html

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com