SWIR Market Overview: Size, Share, and Growth Analysis (2021-2027)
The Shortwave Infrared (SWIR) Market is poised for substantial growth, with projections indicating an increase from USD 166 million in 2021 to USD 277 million by 2027, reflecting a robust compound annual growth rate (CAGR) of 8.9%. This significant expansion is driven by the rising demand for SWIR technologies across various applications, including surveillance, industrial inspection, and scientific research. The ability of SWIR sensors to provide superior imaging in low-light conditions and through obscurants like fog and smoke makes them indispensable in both commercial and defense sectors. As technological advancements continue to enhance the performance and affordability of SWIR systems, their adoption is expected to surge, propelling the market to new heights. The Shortwave Infrared (SWIR) market had been experiencing notable growth due to the widespread adoption of SWIR technology across various sectors, including security, surveillance, monitoring, and inspect...