Shortwave Infrared Market Research Reportβ€”Forecast till 2027

Shortwave Infrared Market Research, by Type (Area Scan, Line Scan), by Technology (Cooled Infrared Imaging, Uncooled Infrared Imaging), by End User (Aerospace, Electronics & Communication, Food & Beverage, Military & Defense)—Forecast till 2027

ID: MRFR/SEM/5848-HCR | September 2022 | Region: Global | 100 Pages         

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.3 Research Objectives

2.4 Markets Structure

3 Research Methodology

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining Power of Buyers

4.1.3 Threat of Substitutes

4.1.4 Segment Rivalry

4.1.5 Bargaining Power of Suppliers

4.2 Value Chain/Supply Chain of Shortwave Infrared

5 Market Landscape

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

 

7 Shortwave Infrared Market by Type

7.1 Introduction

7.2 Area Scan

7.2.1 Market Estimates & Forecast, 2020–2027

7.3 Line Scan

7.3.1 Market Estimates & Forecast, 2020–2027

8 Shortwave Infrared Market by Technology

8.1 Introduction

8.2 Cooled Infrared Imaging

8.2.1 Market Estimates & Forecast, 2020–2027

8.3 Uncooled Infrared Imaging

8.3.1 Market Estimates & Forecast, 2020–2027

9 Shortwave Infrared Market by End User

9.1 Introduction

9.2 Aerospace

9.2.1 Market Estimates & Forecast, 2020–2027

9.3 Electronics & Communication

9.3.1 Market Estimates & Forecast, 2020–2027

9.4 Food & Beverage

9.4.1 Market Estimates & Forecast, 2020–2027

9.5 Military & Defense

9.5.1 Market Estimates & Forecast, 2020–2027

9.6 Medical and Healthcare

9.6.1 Market Estimates & Forecast, 2020–2027

9.7 Others

9.7.1 Market Estimates & Forecast, 2020–2027

10 Shortwave Infrared Market by Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast, by Country, 2020–2027

10.2.2 Market Estimates & Forecast, by Type, 2020–2027

10.2.3 Market Estimates & Forecast, by Technology, 2020–2027

10.2.4 Market Estimates & Forecast, by End User, 2020–2027

10.2.5 US

10.2.5.1 Market Estimates & Forecast, by Type, 2020–2027

10.2.5.2 Market Estimates & Forecast, by Technology, 2020–2027

10.2.5.3 Market Estimates & Forecast, by End User, 2020–2027

10.2.6 Mexico

10.2.6.1 Market Estimates & Forecast, by Type, 2020–2027

10.2.6.2 Market Estimates & Forecast, by Technology, 2020–2027

10.2.6.3 Market Estimates & Forecast, by End User, 2020–2027

10.2.7 Canada

10.2.7.1 Market Estimates & Forecast, by Type, 2020–2027

10.2.7.2 Market Estimates & Forecast, by Technology, 2020–2027

10.2.7.3 Market Estimates & Forecast, by End User, 2020–2027

10.3 Europe

10.3.1 Market Estimates & Forecast, by Country, 2020–2027

10.3.2 Market Estimates & Forecast, by Type, 2020–2027

10.3.3 Market Estimates & Forecast, by Technology, 2020–2027

10.3.4 Market Estimates & Forecast, by End User, 2020–2027

10.3.5 Germany

10.3.5.1 Market Estimates & Forecast, by Type, 2020–2027

10.3.5.2 Market Estimates & Forecast, by Technology, 2020–2027

10.3.5.3 Market Estimates & Forecast, by End User, 2020–2027

10.3.6 France

10.3.6.1 Market Estimates & Forecast, by Type, 2020–2027

10.3.6.2 Market Estimates & Forecast, by Technology, 2020–2027

10.3.6.3 Market Estimates & Forecast, by End User, 2020–2027

10.3.7 Italy

10.3.7.1 Market Estimates & Forecast, by Type, 2020–2027

10.3.7.2 Market Estimates & Forecast, by Technology, 2020–2027

10.3.7.3 Market Estimates & Forecast, by End User, 2020–2027

10.3.8 Spain

10.3.8.1 Market Estimates & Forecast, by Type, 2020–2027

10.3.8.2 Market Estimates & Forecast, by Technology, 2020–2027

10.3.8.3 Market Estimates & Forecast, by End User, 2020–2027

10.3.9 UK

10.3.9.1 Market Estimates & Forecast, by Type, 2020–2027

10.3.9.2 Market Estimates & Forecast, by Technology, 2020–2027

10.3.9.3 Market Estimates & Forecast, by End User, 2020–2027

10.4 Asia-Pacific

10.4.1 Market Estimates & Forecast, by Country, 2020–2027

10.4.2 Market Estimates & Forecast, by Type, 2020–2027

10.4.3 Market Estimates & Forecast, by Technology, 2020–2027

10.4.4 Market Estimates & Forecast, by End User, 2020–2027

10.4.5 China

10.4.5.1 Market Estimates & Forecast, by Type, 2020–2027

10.4.5.2 Market Estimates & Forecast, by Technology, 2020–2027

10.4.5.3 Market Estimates & Forecast, by End User, 2020–2027

10.4.6 India

10.4.6.1 Market Estimates & Forecast, by Type, 2020–2027

10.4.6.2 Market Estimates & Forecast, by Technology, 2020–2027

10.4.6.3 Market Estimates & Forecast, by End User, 2020–2027

10.4.7 Japan

10.4.7.1 Market Estimates & Forecast, by Type, 2020–2027

10.4.7.2 Market Estimates & Forecast, by Technology, 2020–2027

10.4.7.3 Market Estimates & Forecast, by End User, 2020–2027

10.4.8 Rest of Asia-Pacific

10.4.8.1 Market Estimates & Forecast, by Type, 2020–2027

10.4.8.2 Market Estimates & Forecast, by Technology, 2020–2027

10.4.8.3 Market Estimates & Forecast, by End User, 2020–2027

10.5 Rest of the World

10.5.1 Market Estimates & Forecast, by Country, 2020–2027

10.5.2 Market Estimates & Forecast, by Type, 2020–2027

10.5.3 Market Estimates & Forecast, by Technology, 2020–2027

10.5.4 Market Estimates & Forecast, by End User, 2020–2027

10.5.5 Middle East & Africa

10.5.5.1 Market Estimates & Forecast, by Type, 2020–2027

10.5.5.2 Market Estimates & Forecast, by Technology, 2020–2027

10.5.5.3 Market Estimates & Forecast, by End User, 2020–2027

10.5.6 Latin America

10.5.6.1 Market Estimates & Forecast, by Type, 2020–2027

10.5.6.2 Market Estimates & Forecast, by Technology, 2020–2027

10.5.6.3 Market Estimates & Forecast, by End User, 2020–2027

11 Competitive Landscape

12 Company Profiles

12.1 Sensors Unlimited Inc (US)

12.1.1 Company Overview

12.1.2 Type/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.1.5 SWOT Analysis

12.1.6 Key Strategies

12.2 FLIR Systems, Inc.

12.2.1 Company Overview

12.2.2 Type/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.2.5 SWOT Analysis

12.2.6 Key Strategies

12.3 Xenics

12.3.1 Company Overview

12.3.2 Type/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.3.5 SWOT Analysis

12.3.6 Key Strategies

12.4 New Imaging Technologies

12.4.1 Company Overview

12.4.2 Type/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.4.5 SWOT Analysis

12.4.6 Key Strategies

12.5 Allied Vision Technologies GmbH

12.5.1 Company Overview

12.5.2 Type/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.5.5 SWOT Analysis

12.5.6 Key Strategies

12.6 Sofradir

12.6.1 Company Overview

12.6.2 Type/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.6.5 SWOT Analysis

12.6.6 Key Strategies

12.7 Raptor Photonics Limited

12.7.1 Company Overview

12.7.2 Type/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.7.5 SWOT Analysis

12.7.6 Key Strategies

12.8 OPGAL Optronics Industries Ltd

12.8.1 Company Overview

12.8.2 Type/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.8.5 SWOT Analysis

12.8.6 Key Strategies

12.9 Hamamatsu Photonics K.K.

12.9.1 Company Overview

12.9.2 Type/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.9.5 SWOT Analysis

12.9.6 Key Strategies

12.10 Photon Etc. Inc.

12.10.1 Company Overview

12.10.2 Type/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

12.10.5 SWOT Analysis

12.10.6 Key Strategies

13 Conclusion

LIST OF TABLES

Table 1 Global Shortwave Infrared Market, by Type, 2020–2027

Table 2 Global Shortwave Infrared Market, by Technology, 2020–2027

Table 3 Global Shortwave Infrared Market, by End User, 2020–2027

Table 4 Global Shortwave Infrared Market, by Region, 2020–2027

Table 5 North America: Shortwave Infrared Market, by Country, 2020–2027

Table 6 North America Shortwave Infrared, Market, by Type, 2020–2027

Table 7 North America Shortwave Infrared, Market, by Technology, 2020–2027

Table 8 North America Shortwave Infrared, Market, by End User, 2020–2027

Table 9 US Shortwave Infrared, Market, by Type, 2020–2027

Table 10 US Shortwave Infrared, Market, by Technology, 2020–2027

Table 11 US Shortwave Infrared Market, by End User, 2020–2027

Table 12 Canada Shortwave Infrared, Market, by Type, 2020–2027

Table 13 Canada Shortwave Infrared, Market, by Technology, 2020–2027

Table 14 Canada Shortwave Infrared, Market, by End User, 2020–2027

Table 15 Mexico Shortwave Infrared, Market, by Type, 2020–2027

Table 16 Mexico Shortwave Infrared, Market, by Technology, 2020–2027

Table 17 Mexico Shortwave Infrared, Market, by End User, 2020–2027

Table 18 Europe Shortwave Infrared Market, by Country, 2020–2027

Table 19 Europe Shortwave Infrared Market, by Type, 2020–2027

Table 20 Europe Shortwave Infrared Market, by Technology, 2020–2027

Table 21 Europe Shortwave Infrared Market, by End User, 2020–2027

Table 22 Germany Shortwave Infrared Market, by Type, 2020–2027

Table 23 Germany Shortwave Infrared Market, by Technology, 2020–2027

Table 24 Germany Shortwave Infrared Market, by End User, 2020–2027

Table 25 France Shortwave Infrared Market, by Type, 2020–2027

Table 26 France Shortwave Infrared Market, by Type, 2020–2027

Table 27 France Shortwave Infrared Market, by End User, 2020–2027

Table 28 UK Shortwave Infrared Market, by Type, 2020–2027

Table 29 UK Shortwave Infrared Market, by Technology, 2020–2027

Table 30 UK Shortwave Infrared Market, by End User, 2020–2027

Table 31 Spain Shortwave Infrared Market, by Type, 2020–2027

Table 32 Spain Shortwave Infrared Market, by Technology, 2020–2027

Table 33 Spain Shortwave Infrared Market, by End User, 2020–2027

Table 34 Italy Shortwave Infrared Market, by Type, 2020–2027

Table 35 Italy Shortwave Infrared Market, by Technology, 2020–2027

Table 36 Italy Shortwave Infrared Market, by End User, 2020–2027

Table 37 Asia-Pacific Shortwave Infrared Market, by Country, 2020–2027

Table 38 Asia-Pacific Shortwave Infrared Market, by Type, 2020–2027

Table 39 Asia-Pacific Shortwave Infrared Market, by Technology, 2020–2027

Table 40 Asia-Pacific Shortwave Infrared Market, by End User, 2020–2027

Table 41 China Shortwave Infrared Market, by Type, 2020–2027

Table 42 China Shortwave Infrared Market, by Type, 2020–2027

Table 43 China Shortwave Infrared Market, by End User, 2020–2027

Table 44 Japan Shortwave Infrared Market, by Type, 2020–2027

Table 45 Japan Shortwave Infrared Market, by Type

Table 46 Japan Shortwave Infrared Market, by End User, 2020–2027

Table 47 India Shortwave Infrared Market, by Type, 2020–2027

Table 48 India Shortwave Infrared Market, by Technology, 2020–2027

Table 49 India Shortwave Infrared Market, by End User, 2020–2027

Table 50 Rest of Asia-Pacific Shortwave Infrared Market, by Type, 2020–2027

Table 51 Rest of Asia-Pacific Shortwave Infrared Market, by Technology 2020–2027

Table 52 Rest of Asia-Pacific Shortwave Infrared Market, by End User, 2020–2027

Table 53 Rest of the World Shortwave Infrared Market, by Country, 2020–2027

Table 54 Rest of the World Shortwave Infrared Market, by Type, 2020–2027

Table 55 Rest of the World Shortwave Infrared Market, by Technology, 2020–2027

Table 56 Rest of the World Shortwave Infrared Market, by End User, 2020–2027

 

LIST OF FIGURES

FIGURE 1 Global Shortwave Infrared Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Shortwave Infrared Market

FIGURE 4 Value Chain of Global Shortwave Infrared Market

FIGURE 5 Share of Global Shortwave Infrared Market in 2020, by Country (in %)

FIGURE 6 Global Shortwave Infrared Market, 2020–2027

FIGURE 7 Sub-segments of Type

FIGURE 8 Global Shortwave Infrared Market Size, by Type, 2020

FIGURE 9 Share of the Global Shortwave Infrared Market, by Type, 2020–2027

FIGURE 10 Sub-segments of Technology

FIGURE 11 Global Shortwave Infrared Market Size, by Technology, 2020

FIGURE 12 Share of the Global Shortwave Infrared Market, by Technology, 2020–2027

FIGURE 13 Sub-segments of End User

FIGURE 14 Global Shortwave Infrared Market Size, by End User, 2020

FIGURE 15 Share of the Global Shortwave Infrared Market, by End User, 2020–2027

Shortwave Infrared Market

Shortwave Infrared Market Forecast, the market is to see a growth with a CAGR of 9% during the forecast period

Segmentation

By Type Area Scan Line Scan)
By Technology Cooled Infrared Imaging Uncooled Infrared Imaging

Key Players

  • Sensor Unlimited In. (US)
  • Xenix (Belgium)
  • FLIR Systems Inc. (US)
  • New Imaging Technologies (NIT) (France)
  • Sofradir (France)
  • Allied Vision Technologies GmbH (Germany)
  • Raptor Photonics Limited (Ireland)
  • Hamamatsu Photonics K.K (Japan)
  • OPAL Optronics Industries Ltd (Israel)
  • C-THERMAL (Austria)
  • Photonic Science & Engineering Limited (UK)
  • HGH Infrared Systems (France)
  • FluxData Inc. (US)
  • Intevac Inc. (US)
  • InfraTec Infrared LLC (US)
  • Princeton Instruments Inc (US)

Drivers

  • The ability of InGaAs image sensors to capture high-resolution images
  • Increased demand for shortwave infrared cameras in machine vision applications as well as military and defense industry.
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Shortwave Infrared Market Overview


The Shortwave Infrared Market Forecast will reach a CAGR of 9 % and USD 316.8 to 317 Million during the forecast period. In the historic forecast period, the market reached a valuation of USD 192.4 million in 2017.


The penetration of shortwave infrared cameras is highly utilized in the military and defence sectors, driving the market’s value. The ability of SWIR cameras to have a clear vision of harsh environments like smoke, haze, fog, and water vapour is increasing their applications. These are widely used in the operational process of marine intelligence, surveillance, and vision enhancement. It has the capability for identification and differentiation between explosive and nonexplosive objects. As it is highly beneficial for military missions, it acts as a chief driving factor.


SWIR cameras usage wide in various verticals, setting huge growth opportunities for the market. The shortwave infrared cameras are used in scientific research applications for climate change studies, evaluation of ecosystems, disease analysis, and psychology.


The medical sector is also highly utilizing SWIR cameras. The major applications of SWIR cameras in the healthcare sector for blood analysis, identifying the presence of glucose content, conducting a high-resolution tissue inspection, brain imaging, and bone microfracture identification are propelling the market’s growth.


Covid-19 impact


The Covid 19 outbreak has significantly impacted various sectors across different industries. Be it the manufacturing industry, Travel, and tourism, logistics, health care sector, or retail business, Covid has slowed down the business growth opportunities in a big way. In spite of, the new norm of WFH, industries like IT, Banking and Financial Services, Telecom could not completely avert the effect of the pandemic and the public sector was also not an exception in this case. Similarly, the Infrared Shortwave Market has also been impacted by this. 


Market Dynamics & Drivers


The driving forces behind the Shortwave Infrared Remote Sensing Market are mainly the ability of InGaAs image, which is very useful in capturing high-resolution images, and the increasing demand of shortwave infrared cameras military and machine vision applications.


Several government initiatives to secure the military by up-gradation of necessary equipment for defense and military will definitely positively impact the SWIR Shortwave Infrared Market.


Additionally, there is an ever-growing demand for products of SWIR to monitor and inspect applications. This will surely drive the market in a big way.


The SWIR cameras are being used widely for several purposes now. Even for vehicle navigation, there is an increasing demand noticed already. The technology used by SWIR can be really helpful to navigate under any kind of situation like fog, snow, or dust. 


Moreover, the fact that it consumes lesser power will also help the Shortwave Infrared Market Demand. This can also help measure the temperature, which means it has the potential to detect fire as well. To give an example, the earth observation satellite of Digiglobe has the sensor to see through thick smoke clouds as well.


All the above points discussed will only help in increasing the Shortwave Infrared Market Share in the global scenario. 


Opportunities


The presence of well-established market players and their high utilisation and application of the shortwave infrared technology is likely to create various opportunities in the global market. 


Segment analysis


The Shortwave Infrared market is segmented into four types-



  • Type

  • End-user

  • Technology

  • Region


By type


Depending on the type, the market of Shortwave infrared is further segmented into-



  • Line scan

  • Area scan


One important thing to note in this aspect is that Line Scan has the potential to grow the fastest during the forecast period. The technology used in Line-scan enables the users to see beyond the apparent visibility. This can help in the process of detection of moisture, inspection of the solar cell, detection of camouflage, inspection of silicon wafer, and required surveillance applications.


By end-user


Depending on end-user, the market is sub-segmented into-



  • Electronics and communication

  • Aerospace

  • Food and beverage

  • Medical and healthcare

  • Military and defense


By technology


Depending on the technology, the Shortwave infrared market is sub-segmented into-



  • Cooled infrared imaging

  • Uncooled infrared imaging


Uncooled SWIR technology has the edge over Cooled technology as far as the overall market share is concerned. In this aspect, one important aspect to note is that Uncooled infrared imaging systems has the potential of a longer life span as they have lesser moving parts. The overall cost and ease of maintenance of uncooled technology is also less; this will play a big role in the preference of technology amongst the end-users.


By region


Depending on the region, the shortwave infrared market is divided into



  • North America

    • US

    • Canada

    • Mexico



  • Europe

    • Germany

    • France

    • UK

    • Rest of Europe



  • Asia-Pacific

    • Japan

    • China

    • India

    • Rest of APAC

    • Rest of the World



  • South America

    • The Middle East and Africa (Egypt and GCC countries)




Regional Analysis


The global Shortwave Infrared Market Size is expected to grow with a higher CAGR during the forecast period. On a regional basis, North America holds the largest market share of the entire Global Shortwave Infrared Market. This region is also expected to grow with a high CAGR in the assessment period due to the diverse range of SWIR solutions in the region. Moreover, being guided by the end-users like aerospace, military, aviation, and meteorology, the regional market of Shortwave infrared in North America is expected to have a huge boost in terms of growth. 


After North America, the other main regional markets are Western Europe, Eastern Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Additionally, APAC is anticipated to grow at the highest CAGR is the assessment period. The demand of SWIR technology in APAC is growing because of the increasing capability of electronic manufacturing of the region, especially Japan, China, and India. 


Competitive landscape


A large number of vendors present in the market are driving it towards a more consolidation format by investing in R&D and advanced technologies.


In June 2019, the Hamamatsu Photonics (Japan-based) announced its success in developing an InGaAs area image sensor that is capable of detecting very short wavelength-infrared light. This sensor is mainly used for hyperspectral cameras.


Recent Development


April 2022


Toshiba Teli and TriEye announced their partnership. They are working to commercialize CMOS-based HD SWIR cameras for industrial processes and applications. The camera incorporates shortwave infrared (SWIR) sensing technology from TriEye.


January 2022


Emberion, a shortwave infrared imaging developer, has raised a value of €6 million (USD 6.9 million) from Nidoco AB, Tesi, and Verso Capital. This will propel the growth of the infrared imaging business.


For the camera development, the company influences its nanomaterial-enabled image sensor technology. It will deliver low noise and high dynamic range over a broad spectrum, from 400 nm- visible to shortwave-infrared (2000 nm) wavelengths. The company will also develop innovations in electronics, photonics, integrated circuit design, and software.


Major key players


There are various key contributors in the Shortwave Infrared Market  The major key players of the global market are-



  • Sensor Unlimited In. (US)

  • Xenix (Belgium)

  • FLIR Systems, Inc. (US)

  • New Imaging Technologies (NIT) (France)

  • Sofradir (France)

  • Allied Vision Technologies GmbH (Germany)

  • Raptor Photonics Limited (Ireland)

  • Hamamatsu Photonics K.K (Japan)

  • OPAL Optronics Industries Ltd (Israel)

  • C-THERMAL (Austria)

  • Photonic Science & Engineering Limited (UK)

  • HGH Infrared Systems (France)

  • FluxData, Inc. (US)

  • Intevac, Inc. (US)

  • InfraTec Infrared LLC (US)

  • Princeton Instruments, Inc (US)


Report overview


Based on researches, the Shortwave Infrared Market Report consists of-



  • Market overview

  • Drivers

  • Opportunities

  • Market segment overview

  • Regional analysis

  • Competitive landscape

  • Recent development

  • Major key players of the market


This report will cover Shortwave Infrared Market Facts in a detailed manner. 



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 316.8 Million
  CAGR   9%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Technology, End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors

  • Sensors Unlimited Inc. (US), FLIR Systems, Inc. (US), Xenics (Belgium), New Imaging Technologies (NIT) (France), Allied Vision Technologies GmbH (Germany), Sofradir (France), Raptor Photonics Limited (Ireland), OPGAL Optronics Industries Ltd (Israel), Hamamatsu Photonics K.K. (Japan), Photon Etc. Inc. (Canada).
  • C-THERMAL (Austria), HGH Infrared Systems (France), Photonic Science & Engineering Limited (UK), FluxData, Inc. (US), InfraTec infrared LLC (US), Intevac, Inc. (US), and Princeton Instruments, Inc. (US)
  •   Key Market Opportunities   High application and utilization of this technology.
      Key Market Drivers

  • The ability of InGaAs image sensors to capture high-resolution images.
  • Increased demand for shortwave infrared cameras in machine vision applications as well as military and defense industry.


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    Frequently Asked Questions (FAQ) :

    The companies such as New Imaging Technologies (NIT) (France), Sofradir (France), Xenics (Belgium), Raptor Photonics Limited (Ireland), OPGAL Optronics Industries Ltd (Israel) and Allied Vision Technologies GmbH (Germany) are modifying the market.

    A CAGR of 9 % is expected to revitalize the market in the forthcoming period.

    The burgeoning investment in military and defense is projected to bolster the North American region in the coming period.

    The segments being assessed in the market are type, technology, end-user, and region.

    The need to capture high-resolution images in a broad range of applications is expected to motivate the market in the coming period.