DUBLIN--(BUSINESS WIRE)--The "Shortwave Infrared (SWIR) Market by Scanning Type (Area Scan and Line Scan), Technology (Cooled and Uncooled), Application (Security & Surveillance, Monitoring & Inspection, and Detection), Vertical, and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The SWIR market is expected to grow at a CAGR of 9.87% from 2018 to 2024, to reach USD 258 million by 2024 from USD 147 million in 2018.
Rising demand for SWIR cameras for quality control is among the major factors accelerating the growth of the SWIR market for the monitoring and inspection application. Food & beverages, electronics & semiconductors, pharmaceuticals, glass, and aerospace are among the industries that use SWIR cameras for the monitoring and inspection application.
However, the high price of SWIR cameras compared with other substitute technologies has hampered the widespread application of these cameras. This is currently the major factor limiting the growth of the said market.
Market for cooled SWIR products to witness significant growth during forecast period
The SWIR market, by technology, is segmented into cooled and uncooled cameras. Cooled SWIR cameras have detectors that are usually more sensitive than uncooled SWIR cameras, while the cost of uncooled cameras is generally lower than that of cooled cameras.
The high cost of cooled SWIR cameras is currently limiting the penetration rate of these cameras. However, technological advancements in the SWIR industry are expected to lower the cost of SWIR cameras, thereby boosting the growth of the cooled SWIR market.
Area scan segment to hold larger share of SWIR market in 2018
In this report, the SWIR market, by scanning type, has been segmented into area scan and line scan. Among the two, the area scan 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 adoption of area scan SWIR cameras in the nonindustrial vertical, especially for the security and surveillance application.
North America to hold largest share of SWIR market from 2018 to 2024
In terms of market size, North America is expected to dominate the SWIR market during the forecast period as it is likely to witness significant growth in the said market during the forecast period.
The increasing demand for SWIR cameras, especially cooled cameras, from the scientific research sector is one of the key factors accelerating the growth of the market in North America.
Market Dynamics
Drivers
- Military & Defense Vertical Drives the Growth of SWIR Market
- SWIR Line Scan Cameras Beneficial for Machine Vision Applications
- Increasing Penetration of SWIR Cameras in Commercial Vertical
- High Popularity of InGaAs SWIR Cameras
- Development of Technologically Advanced SWIR Products
Restraints
- Regulations on Import & Export of Infrared Products
Opportunities
- Expansion of Application Areas of SWIR Cameras
Challenges
- High Cost of SWIR Cameras
Topics Covered
1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.3 Secondary Sources
2.4 Market Size Estimation
2.5 Market Breakdown and Data Triangulation
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in SWIR Market
4.2 SWIR Market, By Technology
4.3 SWIR Market in North America, By Country & Application
4.4 SWIR Market, By Scanning Type
4.5 SWIR Market, By Country (2018)
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.3 Value Chain Analysis
6 SWIR Market, By Scanning Type
6.1 Introduction
6.2 Area Scan
6.3 Line Scan
7 SWIR Market, By Technology
7.1 Introduction
7.2 Cooled Infrared Imaging
7.3 Uncooled Infrared Imaging
8 SWIR Market, By Application
8.1 Introduction
8.2 Security and Surveillance
8.3 Monitoring and Inspection
8.4 Detection
9 SWIR Market, By Vertical
9.1 Introduction
9.2 Industrial
9.3 Nonindustrial
10 Geographic Analysis
10.1 Introduction
10.2 North America
10.3 Europe
10.4 APAC
10.5 Rest of the World
11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis: SWIR Market
11.3 Competitive Situations and Trends
12 Company Profiles
12.1 Sensors Unlimited
12.2 FLIR Systems
12.3 Xenics
12.4 New Imaging Technologies
12.5 Allied Vision Technologies
12.6 Sofradir
12.7 Raptor Photonics
12.8 Opgal Optronic Industries
12.9 Hamamatsu Photonics K.K.
12.10 Photon Etc.
12.11 Other Companies
12.11.1 IRCameras
12.11.2 Princeton Infrared Technologies
12.11.3 Episenors
12.11.4 Princeton Instruments
12.11.5 Intevac
12.11.6 Infratec
12.11.7 Fluxdata
12.11.8 Photonic Science
12.11.9 HGH Infrared Systems
12.11.10 C-Thermal
For more information about this report visit https://www.researchandmarkets.com/research/s5vxnf/global_shortwave?w=4
