PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1465561
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1465561
Shortwave Infrared Market - By Component, By Scanning Type, By Technology, By Application, By End User & Forecast, 2024 - 2032
Global Shortwave Infrared Market will grow at an 8% CAGR from 2024 to 2032, fueled by expanding applications in security and surveillance as SWIR cameras excel in low-light conditions and through fog. Additionally, SWIR's capabilities in research and scientific imaging, aiding in material characterization and medical diagnostics, contribute to market growth. Industries such as aerospace, healthcare, and industrial manufacturing benefit from SWIR's versatility. As demand rises for enhanced imaging solutions in these sectors, the shortwave infrared industry will expand to meet the growing needs of security, research, and scientific imaging applications.
For instance, in November 2023, Omron Automation launched a new shortwave infrared camera, leveraging its technology for improved image quality in low-light conditions. This camera addresses ambient light challenges and broadens inspection capabilities.
The shortwave infrared market is segmented based on component, scanning type, technology, application, end-user, and region.
The healthcare and research segment will establish a substantial foothold by 2032, attributed to the increasing adoption of shortwave infrared (SWIR) imaging technology. SWIR cameras offer non-invasive imaging for medical diagnostics, such as vascular imaging and cancer detection. In research, SWIR is valuable for studying biological tissues and pharmaceuticals. As healthcare facilities and research institutions prioritize advanced imaging solutions, the demand for SWIR technology rises. Its ability to penetrate deep tissue and provide high-resolution images will position the healthcare and research segment as a major driver of market growth.
The shortwave infrared market share from the security and surveillance segment will witness a considerable rise through 2032. SWIR cameras are increasingly used in security applications for their ability to capture clear images even in low-light conditions. With rising security concerns globally, demand for SWIR technology in surveillance systems is growing. These cameras offer enhanced visibility through smoke, haze, and fog, making them invaluable for border security, law enforcement, and military applications. As security remains a top priority, the security and surveillance segment will drive significant growth in the shortwave infrared market.
Asia Pacific shortwave infrared market will record a significant CAGR by 2032, driven by factors such as rapid industrialization and increasing adoption of SWIR cameras in various sectors. Countries like China and India are significant contributors due to their expanding manufacturing and semiconductor industries. Additionally, the region's focus on technological advancements and rising demand for surveillance and security applications will further boost the market. With a growing consumer base and diverse applications, Asia Pacific will emerge as a key contributor to the shortwave infrared industry's dominance.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis, 2018 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Profit margin analysis
- 3.3 Technology & innovation landscape
- 3.4 Patent analysis
- 3.5 Key news & initiatives
- 3.6 Regulatory landscape
- 3.7 Impact forces
- 3.7.1 Growth drivers
- 3.7.1.1 Growing demand of SWIR in defense and security
- 3.7.1.2 Increasing integration of SWIR in automotive safety
- 3.7.1.3 Growing adoption of SWIR in industrial imaging
- 3.7.1.4 Rise in penetration of SWIR in agriculture sector
- 3.7.1.5 SWIR witnesses its importance in medical imaging
- 3.7.2 Industry pitfalls & challenges
- 3.7.2.1 Limited availability of SWIR components
- 3.7.2.2 Challenges in image calibration and standardization
- 3.7.1 Growth drivers
- 3.8 Growth potential analysis
- 3.9 Porter's analysis
- 3.9.1 Supplier power
- 3.9.2 Buyer power
- 3.9.3 Threat of new entrants
- 3.9.4 Threat of substitutes
- 3.9.5 Industry rivalry
- 3.10 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Component, 2018 - 2032 (USD Million)
- 5.1 Key trends
- 5.2 Hardware
- 5.3 Software
- 5.4 Services
Chapter 6 Market Estimates & Forecast, By Scanning Type, 2018 - 2032 (USD Million)
- 6.1 Key trends
- 6.2 Line scan
- 6.3 Area scan
Chapter 7 Market Estimates & Forecast, By Technology, 2018 - 2032 (USD Million)
- 7.1 Key trends
- 7.2 Cooled
- 7.3 Uncooled
Chapter 8 Market Estimates & Forecast, By Application, 2018 - 2032 (USD Million)
- 8.1 Key trends
- 8.2 Machine vision
- 8.3 Thermal imaging
- 8.4 Hyperspectral imaging
- 8.5 Security & surveillance
- 8.6 Photovoltaics
- 8.7 Others
Chapter 9 Market Estimates & Forecast, By End Use, 2018 - 2032 (USD Million)
- 9.1 Key trends
- 9.2 Defense and military
- 9.3 Healthcare & research
- 9.4 Automotive
- 9.5 Agriculture
- 9.6 Oil and gas
- 9.7 Others
Chapter 10 Market Estimates & Forecast, By Region, 2018 - 2032 (USD Million)
- 10.1 Key trends
- 10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
- 10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
- 10.3.7 Rest of Europe
- 10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Rest of Asia Pacific
- 10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Rest of Latin America
- 10.6 MEA
- 10.6.1 UAE
- 10.6.2 Saudi Arabia
- 10.6.3 South Africa
- 10.6.4 Rest of MEA
Chapter 11 Company Profiles
- 11.1 Allied Vision Technologies GmbH
- 11.2 FLAC Systems, Inc.
- 11.3 Hamamatsu Photonics K.K.
- 11.4 InfraTec GmbH
- 11.5 IRCameras LLC
- 11.6 New Imaging Technologies (NIT)
- 11.7 NITROSYS GmbH
- 11.8 Photon etc.
- 11.9 Princeton Infrared Technologies, Inc.
- 11.10 Raptor Photonics Ltd.
- 11.11 Sensors Unlimited, Inc. (a part of Collins Aerospace)
- 11.12 Sierra-Olympic Technologies, Inc.
- 11.13 Sofradir
- 11.14 Teledyne DALSA
- 11.15 Xenics
