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

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.