Shortwave Infrared (SWIR) Camera Market Growing Demand, Opportunities and Share Analysis 2022 to 2028

According to Precision Business Insights (PBI), the latest report, the market value of the Shortwave Infrared (SWIR) Camera's market is expected to be valued at USD 173.5 million in 2022 which is expected to grow at a CAGR of 9.2% over 2022-2028. The primary factors that drive the market are the following increase in demand for SWIR cameras for multiple applications such as military and defense services, technological advancements in SWIS cameras, and increasing demand for SWIS cameras.

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Uncooled Segment to Dominate the Shortwave Infrared (SWIR) Cameras Market:
Based on technology type, the uncooled segment holds the highest market share. The major factor for the rise of this segment is the increasing demand for uncooled SWIR cameras from the military and defense sectors and the non-industrial segment. Certain properties such as the low cost of cooled SWIR cameras can drive the growth of the global Shortwave Infrared (SWIR) Camera market size. Cooled SWIR cameras are more sensitive but uncooled SWIR cameras are less expensive.

Asia Pacific Shortwave Infrared (SWIR) Cameras Market:
Asia Pacific region is expected to grow significantly in the global lateral flow assay market over the forecast period. The Asia Pacific region is expanding as a result of the growing demand for cost-effective SWIR cameras for defense forces in India and China. Moreover, increasing demand for SWIR cameras in daily manufacturing sectors and in manufacturing procedures of food and beverages, electronics, glass, and surveillance. Apart from this, increasing government initiatives to strengthen the military and defense services can also propel the growth of the market in this region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Shortwave Infrared (SWIR) Cameras market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In January 2022, Hitachi Astemo collaborated with TriEye on SWIR sensing technology. In April 2021, SIRIS shortwave-infrared (SWIR) camera was launched by Lytid as a deep-cooled SWIR camera.

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The Shortwave Infrared (SWIR) Camera market is segmented based on, material, technology application, end users, and region.
Based on the material type, the market is segmented into the following:
• Indium Gallium Arsenide
• Indium Antimonide
• Lead Sulfide
• Mercury Cadmium Telluride

Based on the technology type, the market is segmented into the following:
• Cooled
• Uncooled

Based on the application type, the market is segmented into the following:
• Security & Surveillance
• Monitoring & Inspection
• Detection

Based on the end users, the market is segmented into the following:
• Industrial
• Non-Industrial
• Military & Defense
• Medical
• Scientific Research
• Others

Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Key players' profiles in the Shortwave Infrared (SWIR) Cameras market report are Collins Aerospace (US), Teledyne FLIR (US), Xenics (Belgium), New Imaging Technologies (France), Allied Vision Technologies (Germany), Raptor Photonics (UK), Lynred (France), Opgal Optronic (Israel), Photon (Canada), and Hamamatsu Photonics (Japan).

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