The shortwave infrared (SWIR) market is expected to be valued at USD 147
million in 2018 and is likely to reach USD 258 million by 2024, at a
CAGR of 9.87% during the forecast period. High demand for SWIR products
from the nonindustrial vertical is one of the major factors driving the
growth of the market. Moreover, SWIR cameras are increasingly being used
in various industries such as electronics and semiconductors, food
& beverages, and aerospace for machine vision application; this
factor is also expected to considerably boost the growth of the said
market in the coming years.
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By technology, uncooled segment to account for largest market share during forecast period
In this report, the SWIR market, by technology, has
been segmented into cooled and uncooled. Among the two, uncooled segment
is expected to hold a larger share of the market throughout the
forecast period. The dominant position of this segment can be attributed
to the high demand for uncooled SWIR cameras owing to their low cost
compared with cooled SWIR cameras. Security & surveillance is the
major application area for which uncooled SWIR cameras are used in the
SWIR market.
By scanning type, line scan segment is expected to grow at highest CAGR during forecast period
The market for line scan SWIR products is expected to
witness significant growth during the forecast period. The major
applications of line scan cameras are in the industrial vertical. SWIR
cameras are well suited for applications requiring imaging of
fast-moving objects, and their cost is lower than that of area scan
cameras, thereby leading to their wide adoption in the industrial
vertical. A number of companies in the SWIR market offer line scan SWIR
cameras. For example, Xenics (Belgium), under its Lynx line scan camera
product range, offers various linear SWIR cameras that are available in 3
line resolutions of 512, 1,024, and 2,048 pixels. The company also
offers Xlin-1.7-3000, which is a high-speed 3,000-pixel SWIR line scan
InGaAs detector.
North America expected to hold largest share of SWIR market in 2018
North America is expected to hold the largest share
of the SWIR market in 2018. The US currently accounts for the largest
share of the SWIR market in North America, followed by Canada and
Mexico. APAC is expected to witness significant growth in the SWIR
market during the forecast period. China, India, and Japan are the key
countries contributing to the growth of the SWIR market in APAC.
Security & surveillance, and monitoring & inspection are the key
applications for which SWIR cameras are used in these regions.
A few key players operating in the SWIR market are
Sensors Unlimited (US), FLIR Systems (US), Xenics (Belgium), New Imaging
Technologies (France), Allied Vision Technologies (Germany), Sofradir
(France), Raptor Photonics (UK), Hamamatsu Photonics K.K. (Japan), and
Opgal Optronic Industries (Israel).
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Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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