Analysis of Shortwave Infrared market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global shortwave infrared market is projected to increase from a valuation of US$ 180 million in 2022 to US$ 357 million by 2032-end, expanding at a CAGR of 7.1%,
Because of its unique characteristics, shortwave infrared technology has been employed for a long time in many industrial applications, including civil, military, industrial manufacturing, and other uses. These include electronic board inspection, identification & sorting, produce inspection, surveillance, solar cell inspection, anti-counterfeiting, process quality control, and many others.
Short Wave Infrared Market Size (2022E)
US$ 180 Million
Forecasted Market Value (2032F)
US$ 357 Million
Global Market Growth Rate (2022-2032)
North America Market Share (2022)
Europe Market Share (2022)
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The infrared range (IR) of the electromagnetic spectrum contains the advanced short wave infrared band (SWIR). More often than not, short wave infrared imaging is employed to capture images with higher picture quality than visible light imaging.
Short wave infrared photography produces object-specific images. To find radiation that is hidden from human sight, short wave infrared cameras are utilized.
Due to its characteristics, this technology is mostly employed in hyperspectral imaging applications and conventional surveillance imaging. A rise in demand for SWIR cameras from rising economies like China and India is anticipated to drive the market growth.
Additionally, it is projected that the market would expand as short wave infrared cameras increasingly find use in commercial applications. The potential opportunity for the market is the rising demand for 3D-printed SWIR cameras.
Global short wave infrared service sales are currently valued at around US$ 180 million and are anticipated to increase at a high CAGR of 7.1% through 2032.
“High Demand for Shortwave Infrared Cameras”
The two types of SWIR cameras are cooled SWIR cameras and uncooled SWIR cameras. There are several applications for short wave infrared cameras. They start opening numerous opportunities in a wide range of applications, including security, commercial, and academic image processing.
SWIR cameras are being used for spectroscope examination, including the quality assessment of diverse agricultural products, the separating of plastics for recycling, the elucidation of the structures of unknown chemicals, and the grading of substance purity.
To capture an image through the water to spot metallization and electrical contact flaws, shot wave infrared cameras are suitable. In some civil applications, such as the inspection of solar cells, bottling plants, and fruits, short wave infrared cameras are mostly used.
Military use of short wave infrared cameras is among its most significant applications. These cameras are excellent for gathering surveillance, night vision, camouflage identification, and border monitoring photos.
Short wave cameras are often transparent in military applications and capture images with higher contrast in a variety of adverse atmospheric circumstances, such as rain, haze, fog, and mist. The market for short wave infrared cameras is being positively impacted by all of these aspects.
“High Manufacturing Cost of Shortwave Infrared Cameras”
One of the main things preventing the short wave infrared sector from expanding is the high capital expenditure. In comparison to other technologies that can be utilised in place of short wave infrared cameras, the costs of the cameras are very high.
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“Use of SWIR Cameras in Self-driving Test Cars”
The market is dominated by more start-ups in the United States. This also allows the U.S. to lead the global market, among other factors.
“North America Handsomely Leading Market Due to High Demand from Defense & Healthcare Sectors, Followed by Europe”
North America is anticipated to hold a sizeable part of the short wave infrared (SWIR) market due to the presence of powerful countries such as the U.S. and Canada, two of the world's most important automobile marketplaces.
The U.S. is one of the major markets for SWIR cameras and technology and has the greatest defense budget in the world. The ageing population and the spread of chronic diseases in Canada are driving up the demand for SWIR services in the healthcare sector.
In 2022, North America and Europe are likely to hold 35.6% and 26.8% of the global market share, respectively.
Due to the technical improvement of numerous industry verticals, Europe is also the fastest expanding and most attractive end user market for short wave infrared services.
“High Demand for Uncooled SWIR Cameras from Non-industrial Verticals Due to Low Cost”
Based on technology, the market is segmented into cooled technology and uncooled technology. During the anticipated period, the uncooled technology segment is anticipated to dominate the shortwave infrared (SWIR) market.
Due to their low cost when compared to cooled SWIR cameras, uncooled SWIR cameras are in significant demand from the non-industrial vertical, particularly from the military and defense sector, which explains their dominance in this market.
Although cooled SWIR cameras often have more sensitive detectors than uncooled SWIR cameras, the price of uncooled cameras is typically less than cooled cameras, which boosts their sales.
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Due to the presence of several domestic and regional companies, the global short wave infrared market is extremely fragmented and competitive. Key players use a variety of marketing tactics, including mergers & acquisitions, expansions, collaborations, and partnerships.
Additionally, the top firms use new product creation as a strategic way to enhance their market position among consumers. The short wave infrared market has expanded as a result of these tactics.
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The global short wave infrared market is likely to expand at 7.1% CAGR through 2032.
The market is currently valued at US$ 180 million.
By 2032, the market is predicted to reach US$ 357 million.
Currently, North America holds 35.6% of the global market share.
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