Pune, India, January, 2019, MRFR Press Release/- Market Research Future published a half-cooked research report on Shortwave Infrared market.
Shortwave Infrared market is expected to grow from USD 158.4 million in 2017 to USD 261.6 million by 2023, at a compound annual growth rate (CAGR) of 9.05% during the forecast period. Growing demand of shortwave infrared cameras for machine vision application in various industries such as electronics and semiconductors, food & beverages, and aerospace & defense coupled with advancement in shortwave infrared sensors that enables it to detect objects in low-light and complete darkness drive the growth of shortwave infrared market.
The prominent players in the shortwave infrared market have been identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. The major vendors of the market are Sensors Unlimited (US), Flir Systems (US), Xenics (Belgium), New Imaging Technologies (France), 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).
These players are largely investing in organic growth strategies such as expansion and new product launches to strengthen their position in the shortwave infrared market. For instance, in 2018, New Imaging Technologies launched a new shortwave infrared camera WiDy SenS largely to cater to surveillance, microscopy, and laser beam profiling applications.
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The global market for shortwave infrared is estimated to grow at a notable rate during the forecast period from 2018 to 2023. The geographical analysis of shortwave infrared market is done for North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to dominate the shortwave infrared market from 2018 to 2023 owing to the high demand for SWIR cameras from end-use verticals such as defense, healthcare and scientific research. Furthermore, higher concentration global market players and easy availability of proficient technical expertise drive the demand for shortwave infrared cameras.