SWIR Market Technology Redefined: Mapping the $277 Million

A thorough analysis delivers interesting insights in a recently released research report titled "Shortwave Infrared (SWIR) Market with Impact Analysis," produced by MarketsandMarketsTM. The report projects a significant increase from its valuation of USD 166 million in 2021 to a remarkable USD 277 million by the year 2027, indicating a healthy trajectory for the Shortwave Infrared (SWIR) industry. Over the predicted period, this growth corresponds to a spectacular Compound Annual Growth Rate (CAGR) of 8.9%. The study takes into account a number of factors, such as scanning kinds like area scan and line scan, applications like security and surveillance, monitoring and inspection, and detection, as well as technology, industry verticals, and product offers.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=52975079

Shortwave Infrared (SWIR) Market

The widespread adoption of SWIR technology across industrial and non-industrial sectors, which serves a wide range of applications encompassing security, surveillance, monitoring, and inspection, has significantly fueled the Shortwave Infrared (SWIR) market's growth in recent years. The COVID-19 epidemic, however, changed the course of events and dampened the SWIR market's impetus for growth. The decline in demand for SWIR cameras, which has an impact on critical applications such industrial process monitoring, industrial furnace monitoring, solar cell inspection, sorting operations, and driver vision enhancement, has been a significant factor in this transition. Due to production halts and financial pressures brought on by the pandemic's broad disruptions, the use of SWIR cameras was restrained in industry and the global economy.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=52975079

Uncooled SWIR technology to have the largest market size in SWIR market during the forecast period

The uncooled SWIR technology emerges as a leader in the SWIR industry and is predicted to gain a sizeable market share during the projected period. The strong demand for uncooled SWIR cameras, particularly outside of the industrial sphere, most notably in the military and defence industry, is what has propelled this dominant position. The uncooled segment's attraction stems from how much less expensive it is than its cooled equivalent. Uncooled SWIR cameras provide a tempting alternative without sacrificing performance, which encourages its use. Although uncooled SWIR cameras are less expensive, they are still preferred across a wide range of applications and industries. This has further cemented their dominance in determining the direction of the SWIR market.

Non industrial vertical to grow with highest CAGR in SWIR market during the forecast period

The SWIR market's growth trajectory will be driven by the non-industrial vertical, which is anticipated to have the highest Compound Annual Growth Rate (CAGR) throughout the forecast period. This growth is being fueled by the widespread use of SWIR cameras in the military and defence industry, where they are essential for applications involving vision augmentation. The SWIR market in this vertical is also anticipated to grow rapidly with the help of the scientific research industry. Notably, North America emerges as a crucial force behind the market for SWIR technology-based goods within the scientific research arena, particularly in the area of area scan SWIR cameras.

Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/shortwave-ir-market-52975079.html 

North America accounts for the largest share of the SWIR market during the forecast period

Throughout the anticipated period, North America will continue to dominate the SWIR market. This regional dominance became more clear in 2021 as a result of several strong causes. The dominant position of North America may be ascribed to the region's strong presence of key players in industries including military and defence, research, and the medical field, all of which have greatly influenced the increased demand for SWIR cameras. Additionally, North America is home to numerous businesses that specialise in the sale of SWIR cameras, which supports the SWIR market's growth dynamics in the region. Industry stalwarts including Teledyne FLIR (US), Collins Aerospace (US), Princeton Instruments (US), IRCameras (US), and Photon etc. (Canada) are among these significant contributors; they are all representative of the vibrant ecosystem of SWIR camera vendors situated in North America. This fusion of market presence and domain knowledge solidifies North America's position as the key driver of the SWIR market's global expansion.  

The report profiles key players in the SWIR market and analyzes their market shares. Players profiled in this report are 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), Dali Technology (China), Axis Communication (Sweden) and HGH Infrared Systems (France).

News Covered:

https://www.prnewswire.com/news-releases/shortwave-infrared-swir-market-worth-277-million-by-2027--exclusive-report-by-marketsandmarkets-301460348.html 

About MarketsandMarkets™ 

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. 

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com

Comments

Post a Comment

Popular posts from this blog

Trends Shaping the Environmental Test Chambers Market

The   Environmental Test Chambers Market Size  is expected to rise steadily; estimates show that it will reach USD 938 million by 2024 from USD 842 million in 2019, a compound annual growth rate (CAGR) of 2.18%. The most recent market research report outlines this growth trajectory and highlights the several variables that are driving this expansion. A variety of industrial verticals, including aerospace and defence, automotive, telecommunications, and electronics, are served by the market's segmentation based on type, which includes temperature and humidity chambers, customised chambers, and thermal shock chambers. Over the course of the forecast period, factors like strict regulatory requirements, rising need for dependable testing solutions, and technical developments in environmental testing equipment are anticipated to drive market expansion. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107895228 The environmental test chambers mar...
Read more

Microwave Revolution: Unraveling the Monolithic Microwave IC Market

Image
The   Monolithic Microwave IC Market  showed strong growth, reaching a worth of USD 9.7 billion in 2022 and expected to reach USD 17.0 billion by 2027. It is anticipated that the market would expand at a notable compound annual growth rate (CAGR) of 11.9% from 2022 to 2027. This growth trend shows how Monolithic Microwave Integrated Circuits (MMICs) are becoming more and more popular in a variety of industries. MMICs are essential parts of applications like consumer electronics, aircraft, defence, and telecommunications because of their small size and excellent performance at microwave frequencies. Technological developments, the growing need for high-frequency communication systems, and the extensive use of MMICs in developing technologies are the main factors propelling the market's growth. The MMIC market is expanding significantly due to a number of important factors. The smartphone industry is a major trigger for the spike in demand for Monolithic Microwave Integrated Cir...
Read more

Empowering Connectivity: RF Gallium Nitride Market on Track for $2.8 Billion by 2028

With a projected value of USD 2.8 billion by 2028, the global   RF Gallium Nitride (GaN) Market   is expected to experience significant expansion from its estimated USD 1.5 billion valuation in 2023. Over the course of the forecast period, this projected growth translates into a strong compound annual growth rate (CAGR) of 12.9%. Technological developments, the growing need for high-frequency and high-power devices, and the broad use of GaN technology in a variety of industries, including the automotive, aerospace and defence, and telecommunications sectors, are all considered contributing factors to the market value increase. The market is anticipated to experience substantial growth in the upcoming years as GaN continues to establish itself as a favoured material for RF applications because of its excellent qualities, such as high electron mobility and thermal stability. Download PDF Brochure:   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183000597 There are...
Read more