Semiconductor and Electronic Survey

The   SWIR Market   is expected to grow from USD 166 million in 2021 to USD 277 million by 2027; it is expected to grow at a CAGR of 8.9% during the forecast period. The SWIR Market had been witnessing significant growth in the past years owing to the high adoption of SWIR Technology in both industrial and non-industrial verticals for various applications including security, surveillance, monitoring, and inspection. However, the COVID-19 pandemic has led to a decline in the growth rate of the SWIR Market. One of the key factors being the decline in demand for SWIR cameras for various applications including industrial process monitoring, industrial furnace monitoring, solar cell inspecting, inspection sorting, and driver vision-enhancing applications. The pandemic restricted the adoption of SWIR cameras owing to severe disruptions caused by it to businesses and the global economy. The pandemic has resulted in production curtailment leading to a serious decline in business input...