Driving Innovation: Shortwave Infrared (SWIR) Market Growth and Investment Prospects

1
MarketsandMarkets Presents
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. The SWIR Market had been
witnessing significant growth in the past years
owing to the high adoption of SWIR Technology in
both industrial and non-industrial verticals for
various applications including security,
surveillance, monitoring, and inspection.
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MarketsandMarkets Presents
Uncooled SWIR Technology to have the largest
market size in SWIR Market during the forecast
period The SWIR Market is expected to be led by
the uncooled segment during the forecast period.
The dominant position of this segment can be
attributed to the high demand for uncooled SWIR
cameras from the non-industrial vertical,
especially from the military and defense sector
owing to their low cost compared with cooled SWIR
cameras. Cooled SWIR cameras have detectors that
are usually more sensitive than uncooled SWIR
cameras, while the cost of uncooled cameras is
generally lower than that of cooled
cameras. Download PDF Brochure _at_
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3
MarketsandMarkets Presents
Nonindustrial vertical to grow with highest CAGR
in SWIR Market during the forecast period The
SWIR market is expected to be led by the
non-industrial vertical during the forecast
period. The SWIR market for this vertical is
being driven by the high adoption of SWIR cameras
in the military defense sector, especially for
vision enhancement applications. The demand for
SWIR technology-based products for the scientific
research sector is expected to witness
significant growth during the forecast period.
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4
MarketsandMarkets Presents
North America accounts for the largest share of
the SWIR Market during the forecast period North
America held the largest share of the SWIR Market
in 2021. One of the major reasons for the leading
position of North America is the presence of
several prominent military defense, scientific
research, and medical players in North America
that are generating demand for SWIR cameras.
Moreover, several companies offering SWIR cameras
are present in this region, which further adds to
the growth of the SWIR Market in North America.
Teledyne FLIR (US), Collins Aerospace (US),
Princeton Instruments (US), IRCameras (US),
Photon etc. (Canada), are a few of the SWIR
camera providers based in North America.
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MarketsandMarkets Presents
Key Players Collins Aerospace (US), Teledyne FLIR
(US), Xenics (Belgium), New Imaging Technologies
(France) and Allied Vision Technologies
(Germany), Raptor Photonics (UK), Lynred
(France), Opgal Optronic (Israel), Photon etc.
(Canada), Himamatsu Photonics (Japan), Intevac
(US), InView Technology (US), Sierra-Olympic
Technologies (US), FluxData (US), IRCameras (US),
Episensors (US), Princeton Infrared Technologies
(US), Leonardo DRS (US), InfraTec (Germany),
Tonbo Imaging (India), COX (South Korea),
C-THERMAL (Austria), Browse For More Details -
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MarketsandMarkets Presents
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