Navigating the Shortwave Infrared (SWIR) Market: Key Technologies Driving Growth

The Shortwave Infrared (SWIR) Market is expected to grow significantly over the next several years, with a compound annual growth rate (CAGR) of 8.9% from USD 166 million in 2021 to USD 277 million in 2027.

Numerous variables, such as improvements in scanning technologies like line and area scan, applications in security and surveillance, monitoring and inspection, and detection, are responsible for this increase. The ongoing development of SWIR technologies, rising demand across verticals, and a broad selection of products in the market all contribute to the SWIR market's growth. The market is anticipated to increase steadily as more industries come to understand the advantages of SWIR applications. This will encourage innovation and adoption in a variety of international sectors.

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

Shortwave Infrared (SWIR) Market

 

The COVID-19 pandemic's effects caused the Shortwave Infrared (SWIR) market, which had previously seen significant expansion, to decline. The pandemic slowed the market's growth rate even though it was previously widely used in both industrial and non-industrial sectors for applications like security, surveillance, monitoring, and inspection. This was especially noticeable in the decline in demand for SWIR cameras in a number of critical applications, including sorting, solar cell inspection, industrial process monitoring, furnace monitoring, and driver vision enhancement. The pandemic's restrictions, which included company interruptions and setbacks to the world economy, limited the widespread use of SWIR cameras. During this difficult time, the market contracted even more as a result of production cuts and lower company inputs.

Inquire Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=52975079 

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

Throughout the forecast period, the uncooled segment is expected to lead the Shortwave Infrared (SWIR) market. This dominance is mainly due to the significant demand for uncooled SWIR cameras in the non-industrial vertical, especially in the military and defence sector. This preference for uncooled SWIR cameras in this sector can be attributed to their affordability when compared to cooled SWIR cameras. While cooled SWIR cameras generally have more sensitive detectors, the lower cost of uncooled cameras makes them an advantageous option for a variety of applications, which helps to explain the segment's leadership position in the SWIR market.

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

Over the course of the projection period, the non-industrial vertical is expected to dominate the shortwave infrared (SWIR) market. Strong acceptance in the military and defence industry, especially for applications pertaining to eyesight enhancement, is what drives this leadership. Scientific research is predicted to require a significant amount of SWIR technology, and during the forecast period, a noteworthy increase in demand is anticipated. The adoption of SWIR technology in the scientific research vertical is largely driven by the North American region, particularly by the increased demand for area scan SWIR cameras. This helps explain why the non-industrial segment of the SWIR market is leading.

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

Because of the significant presence of important players in the military and defence, scientific research, and medical sectors, North America emerged as the leading player in the Shortwave Infrared (SWIR) market in 2021. The area maintains its dominant position in the market for SWIR cameras because it is home to several notable enterprises. The presence of prominent North American SWIR camera providers, such as Teledyne FLIR (US), Collins Aerospace (US), Princeton Instruments (US), IRCameras (US), and Photon etc. (Canada), further propels the expansion of the SWIR market in the area.

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