THE GLOBAL SHORTWAVE INFRARED (SWIR) MARKET WAS VALUED AT USD 815.32 MILLION IN 2016 AND IS PROJECTED TO REACH USD 1592.19 MILLION BY 2025 SOFRADIR GROUP , NEW IMAGING TECHNOLOGIES, SENSORS UNLIMITED INC. , XENICS NV , FLIR SYSTEMS, INC. , HAMAMATSU PHOTO

The Global Shortwave Infrared (SWIR) Market was valued at USD 815.32 million in 2016 and is projected to reach USD 1592.19 million by 2025, growing at a CAGR of 7.72% from 2017 to 2025. Short-wave infrared (SWIR) light is typically defined as light in the 0.9 – 1.7μm wavelength range, but can also be classified from 0.7 – 2.5μm. SWIR technology is used in a variety of applications including electronic board inspection, solar cell inspection, produce inspection, identifying and sorting, surveillance, anti-counterfeiting, process quality control. Benefits of SWIR includes high sensitivity, high resolution, seeing in the light of night glow or night sky radiance, day-to-night imaging, covert illumination, able to see covert lasers and beacons, no cryogenic cooling required, conventional, low-cost visible spectrum lenses, small size, and low power.

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Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Rising application areas of SWIR cameras
1.2 Increasing demand for SWIR line scan cameras for machine vision applications
1.3 Adoption of SWIR cameras in military and defense sector
1.4 Technological enhancements in SWIR detectors
2. Market Restraints
2.1 High cost of SWIR cameras
2.2 Strict import and export regulations that restrain the market growth

Market Segmentation:
The Global Shortwave Infrared (SWIR) Market is segmented on the technology, scanning type, vertical, and region.

1. Technology:
1.1 Cooled
1.2 Uncooled

2. By Scanning Type:
2.1 Line Scan
2.2 Area Scan

3. By Vertical:
3.1 Military & Defense
3.2 Scientific Research
3.3 Commercial
3.4 Medical
3.5 Industrial

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3.6 Others

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Allied Vision Technologies GmbH
2. Sofradir Group
3. New Imaging Technologies
4. Sensors Unlimited Inc.
5. Xenics NV
6. Flir Systems, Inc.
7. Hamamatsu Photonics K.K.
8. Raptor Photonics Limited
9. Photon Etc.
10. Princeton Instruments
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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