Europe SWIR Market, By Scanning Type (Line Scan and Area Scan), Detector Type (Cooled and Uncooled), Chemical Composition (Indium Gallium Arsenide, Mercury Cadmium Telluride, Indium Antimonide (INSB), Lead Sulfide Quantum Dots and Others), Application (Machine Vision, Thermal Imaging, Hyperspectral Imaging, Security & Surveillance, Photovoltaics and Others), Component (Hardware, Software and Services), Industry (Commercial, Industrial, Medical, Military & Defense and Others), Country (Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe) Industry Trends and Forecast to 2028
Market Analysis and Insights: Europe SWIR Market
Europe SWIR market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 8.6% in the forecast period of 2021 to 2028 and expected to reach USD 85.62 million by 2028. Increasing demand for multispectral imaging systems is acting as major factor for the growth of the market.
Short-wave infrared (SWIR) is typically defined as light in the 0.9–1.7μm wavelength range, or can also be in range of 0.7–2.5μm. Short-wave Infrared imaging (SWIR) refers to an advanced technique which is used for producing images based on radiation in the region of the electromagnetic spectrum invisible to the naked eye. SWIR imaging requires unique optical and electronic components capable of performing in the specific SWIR range. A large number of applications that are difficult or impossible to perform using visible light are possible using SWIR. When imaging in SWIR, water vapor, fog, other environment constraints and certain materials such as silicon are transparent. SWIR imagers are used in a large number of applications such as silicon inspection, laser beam profiling, hyperspectral imaging, chemical and plastics sensing, machine vision imaging, agricultural sensing, surveillance systems, and medical imaging. They are also intended for use in mobile phone facial recognition sensors, and autonomous vehicle imaging though obscured environments.
Some of the factors which are driving the market are rising demand for shortwave infrared cameras in machine vision applications and growing adoption of night vision technologies. Stringent regulations related to import and export of SWIR cameras is restraining the Europe SWIR market growth. Increasing industrial automation worldwide and rising popularity of miniaturized SWIR sensors and components are some of the factors which are opening lucrative opportunity for the market. Issues in reducing the cost of shortwave infrared cameras and limitations of InGaAs sensor technology is acting as a major challenge for the market growth.
This SWIR market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Europe SWIR Market Scope and Market Size
Europe SWIR market is segmented on the basis of scanning type, detector type, chemical composition, application, component and industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of scanning type, the Europe SWIR market has been segmented into line scan and area scan. In 2021, line scan segment is expected to dominate the market, owing to increasing usage of SWIR for line-scan inspection applications such as paper, rolls of metal, fiber, railway inspection, solar cells, textiles, and pharmaceuticals.
- On the basis of detector type, the Europe SWIR market has been segmented into cooled and uncooled. In 2021, uncooled segment is expected to dominate the market, as uncooled detectors are the most common type used for thermal imaging devices across these regions.
- On the basis of chemical composition, the Europe SWIR market has been segmented into indium gallium arsenide, mercury cadmium telluride, indium antimonide (INSB), lead sulfide quantum dots and others. In 2021, indium gallium arsenide segment is expected to dominate the market, as it is most common technology being used in infrared spectroscopy for studying light in the SWIR range.
- On the basis of application, the Europe SWIR market has been segmented into machine vision, thermal imaging, hyperspectral imaging, security & surveillance, photovoltaics and others. In 2021, security & surveillance segment is expected to dominate the market, due to factors such increasing usages of SWIR for security & surveillance across military and defence applications.
- On the basis of component, the Europe SWIR market has been segmented into hardware, software and services. In 2021, hardware segment is expected to dominate the market, as cameras and sensors are mostly utilized for SWIR in the European region
- On the basis of industry, the Europe SWIR market has been segmented into commercial, industrial, medical, military & defense and others. In 2021, industrial segment is expected to dominate the market mainly attributed to increasing industrial activities and sector across the European region.
SWIR Market Country Level Analysis
Europe SWIR market is analysed and market size information is provided by country, scanning type, detector type, chemical composition, application, component and industry.
The countries covered in Europe SWIR market report are Germany, France, Russia, U.K., Spain, Italy, Turkey, Belgium, Netherlands, Switzerland and rest of Europe.
Germany dominates the Europe SWIR market due to increasing research and development activities along with prevalence of majority of manufacturers.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rise in need to improve efficiency and productivity is expected to drive the market growth
Europe SWIR market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in SWIR and changes in regulatory scenarios with their support for the Europe SWIR market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Europe SWIR Market Share Analysis
Europe SWIR market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Europe SWIR market.
The major players covered in the report are Teledyne Technologies Incorporated., Xenics nv., Lynred, Allied Vision Technologies GmbH, Hamamatsu Photonics K.K., NIT, Raptor Photonics, InfraTec GmbH, TTP plc., Photonic Science and Engineering Limited, Edmund Optics Inc., Atik Cameras Limited (A Subsidiary of SDI Group), and Silent Sentinel among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of Europe SWIR market.
For instance,
- In January 2021, Allied Vision Technologies GmbH announced the integration of their Goldeye SWIR camera series with Sony's new innovative IMX990 and IMX991 InGaAs sensors. Under this integration, four models will be expanded with innovative sensors, which are sensitive in both the visible and the short-wave infrared (SWIR) range. This will help the company to enhance its offerings in the market.
- In June 2020, Teledyne Technologies Incorporated announced a 512 short-wave infrared (SWIR) line scan cameras for machine vision through its subsidiary Teledyne DALSA. The newly launched Linea SWIR model features InGaAs sensor for various applications, including food and packaged good inspection, recycling, mineral sorting and solar and silicon wafer inspection. This launch has helped the company to grow in the market.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for SWIR through expanded range of size.
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