Global Shortwave Infrared Market Overview
The global shortwave infrared market is estimated to register a notable CAGR of 9.05% during the forecast period of 2019 to 2023
Shortwave Infrared Worldwide Market light refers to light in the 0.9-1.7 μm wavelength range, although it can also be classified from 0.7- 2.5 μm. Shortwave infrared is primarily used for night-time and outdoor imaging as it provides excellent illumination. Growth in the demand for shortwave infrared in cameras for machine vision application is estimated to push the market lucratively. A wide array of application of the shortwave infrared technology in numerous industry verticals such as electronics and semiconductors, food & beverages, and aerospace & defense is also estimated to promote growth in the shortwave infrared market. Further, advancements in the shortwave infrared sensors which enables detection of objects in low-light and complete darkness, are projected to promote demand for the same during the forecast period. Moreover, lower cost and power consumption for shortwave infrared technology is anticipated to boost the global market to a great extent.
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Shortwave Infrared Market Prominent Industry Players
The MRFR report profiled many key players in the shortwave infrared market including Flir Systems (US), Sensors Unlimited (US), New Imaging Technologies (France), Xenics (Belgium), Allied Vision Technologies (Germany), Sofradir (France), Raptor Photonics (UK), Opgal Optronic Industries (Israel), Hamamatsu Photonics K.K. (Japan), Photon Etc. (Canada), Ircameras LLC (US), Princeton Infrared Technologies (US), Episenors (Ireland), and HGH Infrared Systems (France).
Shortwave Infrared Market Industry News
March 2019: Xenics set to exhibit their latest and upcoming cameras at the Automate 2019 Show to be held on 8th April 2019. Xenics is a European developer and manufacturer of advanced infrared sensors, cameras and customized imaging solutions ranging from SWIR to LWIR.
Shortwave Infrared Market Segmentation
The shortwave infrared market is segmented by Market Research Future on the basis of scanning type, technology, application, and region. On the basis of scanning type, the shortwave infrared market is segmented into area scan and line scan. The line scan segment is projected to register the fastest growth during the forecast period. The shortwave infrared market is segmented into cooled infrared imaging and uncooled infrared imaging, based on technology. The uncooled infrared imaging segment is anticipated to dominate the market owing to the lower cost of uncooled SWIR cameras as compared to cooled SWIR cameras. Based on application, the shortwave infrared market is segmented into electronics & semiconductor, healthcare, aerospace & defense, FMCG, and scientific research.
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Shortwave Infrared Market Detailed Regional Analysis
The global shortwave infrared market is projected to garner a revenue of USD 261.6 million by the end of the forecast period, from USD 158.4 million in 2017. Geographically, Market Research Future (MRFR) has segmented the shortwave infrared market into North America, Europe, Asia Pacific and Rest of the World. Among the regions mentioned above, North America is anticipated to dominate the global shortwave infrared market from 2018-2023. Robust market growth in the region can be attributed to a high demand for shortwave infrared cameras from end-use verticals such as healthcare, scientific research, and defense. Additionally, the presence of many significant players in the region is expected to promote prominent growth in the regional market. Easier availability of proficient expertise is projected to boost notable market growth for shortwave infrared technology in the region.
Shortwave Infrared Market Competitive Analysis
The global shortwave infrared market is likely to witness significant demand from various non-industrial sectors including civil infrastructure, defense, scientific research, and healthcare. The prominent players in the market are seeking to adopt numerous strategies such as new product launches to widen their shareholding in the shortwave infrared market. A significant number of companies in the shortwave infrared market were a part of partnerships & collaborations, product launches, and product enhancements.
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