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Shortwave Infrared (SWIR) Market by Scanning Type Area Scan and Line Scan

06-18-2020 01:43 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets

Shortwave infrared (SWIR) technology helps the user understand the temperature of any body or surface with ease and without making any physical contact. SWIR manufacturers are coming up with newer technologies to cater to numerous applications where SWIR technology can be used to inspect, detect, and monitor the products to ensure the safety and reliability of the product for the user. The SWIR market is projected to grow from USD 192 million in 2020 to USD 278 million by 2025, at a CAGR of 9.5%. The growing demand for line-scan SWIR cameras for machine vision applications is one of the leading factors driving market growth. Additionally, factors such as technological advancements in SWIR detectors and demand for SWIR cameras in military & defense and commercial applications are also fueling the growth of the market. However, the high costs of SWIR cameras pose a challenge for market growth.

Major players in the SWIR market have primarily adopted strategies such as product launches and product developments to strengthen their position in the market.

FLIR Systems (US) launched Ranger HDC MR, a high-definition camera that can detect illegal activities in poor weather conditions, using embedded analytics and image processing to reduce cognitive overload.
Xenics (Belgium) launched Wildcat 640, a new camera designed for applications such as semiconductor inspection, food sorting, plastic recycling, and laser-based processing.
New Imaging Technologies (France) launched the SWIR InGaAs component with a pitch of 7.5 μm, which allows manufacturing hybrid sensors with small pitches resulting in high yields at a reduced cost.

FLIR Systems’ (US) experience of over 40 years in the infrared imaging industry, coupled with its strong brand image and sales and distribution network, has helped it gain a prominent position in the SWIR market. FLIR Systems also has a strong hold on the US market and can strengthen its grip on other regions using its strong product portfolio and brand image. With a plethora of products in its portfolio, FLIR Systems caters to its customers from varied verticals, such as military & defense, construction, energy & utility, transportation, and industrial manufacturing.

Xenics (Belgium) has a strong product portfolio, consisting of more than 20 products related to SWIR technology, and is further strengthening it by launching products and enhancing its existing products. In 2019, the company launched a version of its SWIR camera series—“Manx SQ series”—which is the fastest InGaAs line camera in the world. In 2020, Xenics launched its small, high performing with low noise SWIR camera—Wildcat series. The company also has a wide geographic reach with its distributors and representatives located across all the major regions, including North America, Latin America, Europe, the Middle East and Africa, and APAC.

New Imaging Technologies (France) focuses on developing high-speed SWIR cameras with applications in the industrial and military & defense verticals. The company’s TEC series SWIR cameras are compact and offer advantages in terms of a minimal loss of data while image capturing. The company has a strong foothold in the European region, with distribution channels in more than 30 countries. The company also caters to regions such as North America, South America, APAC, and the Middle East. Additionally, the company focuses on partnerships with regional players to increase its global presence.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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