Shortwave Infrared Market
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Shortwave Infrared Market was valued at over USD 170 million in 2023 and is estimated to register a CAGR of over 8% between 2024 & 2032.
The SWIR market encompasses the technological landscape associated with capturing and utilizing shortwave infrared light. Applications spanning various industries including defense, agriculture, and industrial imaging leverage SWIR's capabilities for enhanced visibility, analysis & detection beyond the range of visible light. The market is growing due to increased product adoption in industrial imaging. SWIR's ability to penetrate specific materials, combined with its sensitivity to moisture and temperature variations, makes it useful for quality control and process monitoring in industries such as manufacturing, agriculture, and pharmaceuticals. As industries seek more accurate and reliable imaging solutions, the demand for SWIR technology is expected to grow.
For instance, in September 2020, FLIR Systems, through its FLIR GF77 Gas Find IR Series, provided professionals with the flexibility to use one uncooled gas detection camera for both gas detection and thermal inspections across chemical & industrial manufacturing, electric power utilities, natural gas supply chain, food & agricultural, and public safety.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Shortwave Infrared Market size in 2023: | USD 170 Million |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2023 - 2032 CAGR: | 8 |
| 2023 Value Projection: | USD 350 Million |
| Historical Data for: | 2018 - 2023 |
| No of Pages: | 250 |
| Tables, Charts & Figures: | 441 |
| Segments Covered: | Component, scanning type, technology, application, end user |
| Growth Drivers: |
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| Pitfalls Challenges: |
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Growing demand in defense and security drives the shortwave infrared (SWIR) market. SWIR's ability to provide enhanced night vision, target recognition, and camouflage penetration meets defense & security requirements. Global military modernization efforts and rising security concerns are driving the adoption of SWIR technology in surveillance, reconnaissance & threat detection applications.
The limited supply of shortwave infrared components poses a significant barrier to market growth. Key components such as high-quality sensors & detectors face constraints in production due to material availability and manufacturing complexities. This lack of supplies can cause supply chain disruptions and limit the scalability of SWIR technology. Addressing these limitations through advancements in manufacturing processes and material sourcing is critical to realizing the SWIR market's full potential.
The increasing use of shortwave infrared in a variety of applications is a significant market growth factor. SWIR technology has unique advantages, such as the ability to penetrate certain materials and sensitivity to moisture & temperature changes, making it useful in a variety of industries. SWIR is increasingly recognized for its versatility and effectiveness in a variety of applications including industrial imaging for quality control and process monitoring as well as defense & security applications such as night vision and surveillance. For instance, in June 2021, Teledyne FLIR Systems launched A500f/A700f cameras for fire detection and fire monitoring applications. The FLIR A500f and A700f Advanced Smart Sensor ruggedized thermal cameras feature high-temperature detection for extreme environments paired with on-camera analytics and alarm capabilities, ideal for industrial early fire detection or outdoor condition monitoring applications.
The growing demand for advanced imaging solutions in industries such as healthcare, agriculture, and automotive drives the adoption of SWIR technology. As industries seek more accurate, dependable, and versatile imaging solutions, the demand for SWIR is expected to increase. This trend is driven by continuous advancements in SWIR technology coupled with the increasing awareness of its benefits and the growing need for enhanced sensing capabilities across various sectors.
Based on end user, the market is segmented into defense and military, healthcare & research, automotive, agriculture, oil and gas, and others. The defense & military segment accounted for a market share of over 30% in 2023.
Based on scanning type, the market is segmented into line scan and area scan. The area scan segment is estimated to register a significant CAGR of over 7% during the forecast period of 2024-2032.
North America held a significant share of over 30% in the global shortwave infrared market in 2023. The region has a strong presence of key market players and a solid infrastructure for technological innovation. Furthermore, growing investments in defense & security applications as well as industrial automation and surveillance are fueling demand for SWIR technology. Furthermore, the growing adoption of SWIR in sectors such as healthcare, agriculture, and automotive is driving growth in North America, establishing the region as a major contributor to market expansion.
FLIR Systems, Inc. holds a significant share in the shortwave infrared industry. FLIR Systems, Inc. is a major provider of SWIR imaging solutions. The company’s product line includes high-performance SWIR cameras and sensors designed specifically for defense, industrial & scientific applications. FLIR Systems is known for its advanced thermal imaging technology, which includes innovative SWIR products with improved sensitivity and image quality. The products have made a significant impact on the SWIR market, providing dependable and cutting-edge imaging solutions to a wide range of industries.
Major players, such as FLIR Systems, Inc., Hamamatsu Photonics K.K., Teledyne DALSA, and Sofradir, are also constantly implementing strategic measures such as geographical expansion, acquisition, mergers, collaborations, partnerships, and product or service launches to gain market shares.
Major players operating in the shortwave infrared industry are:
Market, By Component
Market, By Scanning Type
Market, By Technology
Market, By Application
Market, By End User
The above information is provided for the following regions and countries:
Some of the top companies engaged in the shortwave infrared (SWR) market are Allied Vision Technologies GmbH, FLAC Systems, Inc., Hamamatsu Photonics K.K., InfraTec GmbH, IRCameras LLC, New Imaging Technologies (NIT), NITROSYS GmbH, Photon, Princeton Infrared Technologies, Inc., Raptor Photonics Ltd., Sierra-Olympic Technologies, Inc., Sofradir, Teledyne DALSA, and Xenics.
North America shortwave infrared (SWIR) industry accounted for more than 30% revenue share in 2023 and is set to exhibit robust growth through 2032 driven by the strong presence of key players and a solid infrastructure for technological innovation coupled with the growing investments in defense & security applications across the region.
Market size for Shortwave infrared surpassed USD 170 million in 2023 and is estimated to record and at over 8% CAGR between 2024 and 2032 attributed to the growing product adoption in industrial imaging.
Shortwave infrared industry from the area scan segment will witness high demand and is estimated to expand at over 7% rate from 2024-2032 owing to its suitability for a wide range of applications requiring extensive imaging and inspection.