Global 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 and Surveillance, Monitoring and Inspection, Photovoltaics, and Others), Component (Hardware, Software, and Services), Industry (Commercial, Industrial, Medical, Military and Defense, Scientific Research, and Others) – Industry Trends and Forecast to 2031.
SWIR Market Analysis and Size
The SWIR market offers detectors in cooled and uncooled types. Cooled detectors utilize thermoelectric coolers to maintain optimal operating temperatures, enhancing sensitivity and reducing noise. For instances, InSb (Indium Antimonide) and MCT (Mercury Cadmium Telluride) detectors. Uncooled detectors operate at ambient temperatures, simplifying system design and reducing costs. For instances, InGaAs (Indium Gallium Arsenide) and QWIP (Quantum Well Infrared Photodetector) detectors.
Data Bridge Market Research analyses that the global SWIR market valued at USD 214.39 million in 2023, will reach USD 382.94 million by 2031, growing at a CAGR of 7.52% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
SWIR Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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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 and Surveillance, Monitoring and Inspection, Photovoltaics, and Others), Component (Hardware, Software, and Services), Industry (Commercial, Industrial, Medical, Military and Defense, Scientific Research, and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Teledyne Digital Imaging Inc (U.S.), Exosens (France), Lynred (France), Allied Vision Technologies GmbH (Germany), Hamamatsu Photonics K.K. (Japan), New Imaging Technologies (NIT) (France), Photon Etc. (Canada), Princeton Infrared Technologies, Inc. (U.S.), Raptor Photonics (U.K.), IRCameras LLC (U.S.), Intevac, Inc. (U.S.), Opgal Ltd (Canada), InfraTec GmbH (Germany), TTP plc. (U.K.), Photonic Science and Engineering Limited (U.K.), SWIR Vision Systems (Belgium), Edmund Optics Inc. (U.S.), Silent Sentinel (U.K.)
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Market Opportunities
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Market Definition
Short-wave infrared (SWIR) refers to electromagnetic radiation with wavelengths ranging from approximately 1 to 3 micrometers. SWIR imaging technology captures light beyond the visible spectrum, enabling applications such as night vision, material analysis, and moisture detection. It offers advantages in penetrating certain materials and atmospheric conditions compared to visible or thermal imaging.
Global SWIR Market Dynamics
Drivers
- Military and Defense Sector Investments Rise
SWIR technology offers unique advantages such as night vision capabilities, target detection, and surveillance in challenging environments. With rising geopolitical tensions and evolving security threats, governments are allocating more resources to bolster their defense capabilities, spurring demand for SWIR technology. Consequently, the SWIR market is poised for significant expansion in the defense sector.
- Adoption Increases in Semiconductor Inspection
SWIR technology offers superior imaging capabilities, enabling detailed inspection of semiconductor materials for defects and quality control. As semiconductor manufacturers strive for higher production yields and enhanced product quality, the demand for SWIR imaging solutions is growing. Consequently, this trend is driving significant growth in the SWIR market, particularly in the semiconductor inspection segment.
Opportunities
- Increasing Demand for Night Vision Technology Integration
The SWIR market experiences increased demand for integrating night vision technology due to its ability to operate in low-light conditions. SWIR's capability to capture images beyond visible light enhances night vision systems' effectiveness in surveillance, security, and military applications. Opportunities arise as industries seek to enhance nighttime visibility and situational awareness, driving the integration of SWIR technology into a wide range of devices and systems for improved nighttime performance and safety
- Research and Development Initiatives Drive Innovation
Research and development initiatives fuel innovation in the SWIR market, catalyzing advancements in sensor technology, image processing algorithms, and application-specific solutions. These efforts drive the development of more compact, cost-effective, and high-performance SWIR devices, expanding their adoption across diverse industries. Opportunities abound as companies invest in R&D to address emerging challenges and capitalize on new market trends, fostering continuous innovation and differentiation in the dynamic SWIR market landscape.
Restraints/Challenges
- High Initial Investment Costs Deter Adoption
The high initial investment costs deter potential adopters, particularly smaller businesses or organizations with limited budgets, from investing in SWIR systems. Consequently, this limits the expansion of the SWIR market as a whole, hindering widespread adoption and impeding the realization of its full potential in various industries such as surveillance, agriculture, and medical imaging.
- Limited Awareness and Understanding Among Consumers
Without a clear understanding of SWIR technology's benefits and applications, potential users may overlook its advantages in various industries. This lack of awareness could lead to slower market expansion, missed opportunities for SWIR technology integration, and reduced demand for SWIR products and solutions, ultimately impeding overall market growth.
This global SWIR market, report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global SWIR market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In 2022, Artiluxand II-VI unveiled a miniature 3D camera operating in the shortwave infrared (SWIR). Catering to consumer devices and automotive sectors, it merges Artilux's GeSi sensor arrays with II-VI's indium phosphide semiconductor lasers. Boasting high-bandwidth and quantum-efficiency, the GeSiSWIR sensor array, based on scalable CMOS technology, enhances the companies' foothold in the SWIR market
- In 2021, SWIR Vision Systems Inc., specializing in image sensor solutions for industrial automation and autonomous vehicles, completed a USD 5 million Series financing round. Leveraging a unique quantum-dot photodiode sensor design, their SWIR cameras offer high resolution and are widely used globally. The funding aims to bolster the company's technical capabilities, fostering growth in the SWIR market
- In 2021, Intevac, Inc. secured a USD 1.8 million contract from the U.S. government's Joint Directed Energy Transition Office to develop a Gated SWIR Sensor for High Energy Laser (HEL) applications. This initiative positions the company for market growth, reflecting the increasing demand for SWIR technology in defense and security sectors
- In 2021, Lynred was chosen by Airbus Defence & Space for the Copernicus LSTM mission to develop a new linear SWIR array. Integrated into a satellite imager, it will measure land-surface temperatures, meeting specific requirements. This collaboration enables Lynred to expand its customer base and enhance its position in the SWIR market
Global SWIR Market Scope
The global SWIR market is segmented on the basis of scanning type, detector type, chemical composition, application, component, and industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Scanning Type
- Line Scan
- Area Scan
Detector Type
- Cooled
- Uncooled
Chemical Composition
- Indium Gallium Arsenide
- Mercury Cadmium Telluride
- Indium Antimonide (INSB)
- Lead Sulfide Quantum Dots
- Others
Application
- Machine Vision
- Thermal Imaging
- Hyperspectral Imaging
- Security and Surveillance
- Monitoring and Inspection
- Photovoltaics
- Others
Component
- Hardware
- Software
- Services
Industry
- Commercial
- Industrial
- Automotive
- Aerospace
- Electronics and Semiconductor
- Oil and Gas
- Food and Beverages
- Glass
- Medical
- Military and Defense
- Scientific Research
- Others
Global SWIR Market Regional Analysis/Insights
The global SWIR market is analysed and market size insights and trends are provided by scanning type, detector type, chemical composition, application, component, and industry as referenced above.
The countries covered in the global SWIR market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
The Asia-Pacific region experiences rapid growth in the SWIR market, driven by demand for affordable cameras in China and India's defense sectors. Moreover, SWIR's adoption in pharmaceutical and medical fields fuels its commercial expansion in the region.
North America is expected to dominate the SWIR market, with a notable share attributed to military, defense, industrial, and commercial applications. The U.S., boasting the highest defense expenditure globally, serves as a key market for SWIR cameras and technologies, driven by rising demand from scientific research sectors.
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 down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global SWIR Market Share Analysis
The global 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, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global SWIR market.
Some of the major players operating in the global SWIR market are:
- Teledyne Digital Imaging Inc (U.S.)
- Exosens (France)
- Lynred (France)
- Allied Vision Technologies GmbH (Germany)
- Hamamatsu Photonics K.K. (Japan)
- New Imaging Technologies (NIT) (France)
- Photon Etc. (Canada)
- Princeton Infrared Technologies, Inc. (U.S.)
- Raptor Photonics (U.K.)
- IRCameras LLC (U.S.)
- Intevac, Inc. (U.S.)
- Opgal Ltd (Canada)
- InfraTec GmbH (Germany)
- TTP plc. (U.K.)
- Photonic Science and Engineering Limited (U.K.)
- SWIR Vision Systems (Belgium)
- Edmund Optics Inc. (U.S.)
- Silent Sentinel (U.K.)
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