Press release
Shortwave Infrared (SWIR) Market to Record Streturdy Growth by 2021-2031 | Collins Aerospace, Teledyne FLIR, Xenics, New Imaging Technologies, Allied Vision Technologies
New York, According to a new market research report published by Global Insight Services Shortwave Infrared (SWIR) Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.Shortwave Infrared (SWIR) is a type of infrared radiation with a wavelength between 0.9 and 1.7 micrometers. It is used in a variety of applications including night vision, thermal imaging, and medical imaging.
SWIR is invisible to the human eye but can be detected by special sensors. It is often used for night vision because it can penetrate through fog, smoke, and other atmospheric conditions that block visible light.
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Key Trends
Some key trends in shortwave infrared (SWIR) technology include the development of more sensitive and lower noise detectors, improved imaging systems, and new applications for SWIR technology.
One trend is the development of more sensitive SWIR detectors. In the past, SWIR detectors have been less sensitive than those in the visible and near-infrared region, making them less useful for many applications. However, new developments in detector technology have led to the creation of SWIR detectors that are much more sensitive, making them more practical for a variety of applications.
Another trend is the development of improved SWIR imaging systems. In the past, SWIR imaging systems have been relatively bulky and expensive. However, new developments in technology have led to the creation of smaller and more affordable SWIR imaging systems.
Finally, new applications for SWIR technology are constantly being developed. Some of the latest applications include SWIR imaging for medical diagnosis, security and surveillance, and environmental monitoring.
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Key Drivers
The key drivers of the shortwave infrared (SWIR) market are the increasing demand for night vision and thermal imaging applications and the growing adoption of SWIR cameras in the automotive industry.
The night vision and thermal imaging applications are expected to grow at a significant rate during the forecast period due to the increasing demand for security and surveillance.
The automotive industry is expected to grow at a significant rate during the forecast period due to the increasing demand for driver assistance systems.
Restraints & Challenges
The shortwave infrared (SWIR) market is expected to grow at a CAGR of over 10% during the forecast period.
The key restraints and challenges in the shortwave infrared (SWIR) market are as follows:
1. Lack of standardization: There is a lack of standardization in the SWIR market, which is hindering the market growth.
2. High cost of SWIR cameras: SWIR cameras are expensive as compared to other types of cameras. This is one of the key restraints for the growth of the SWIR market.
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Market Segments:
The Shortwave Infrared (SWIR) Market is segmented by scanning type, application, technology, offering and region. By scanning type, the market is segmented into area scan and line scan. Based on application, it is segmented into security & surveillance, monitoring & inspection, and detection. On the basis of technology, it is bifurcated into cooled SWIR technology, uncooled SWIR technology. By offering, it is segmented into hardware, software and services. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Market Players:
The Shortwave Infrared (SWIR) Market includes players such as Collins Aerospace, Teledyne FLIR, Xenics, New Imaging Technologies, Allied Vision Technologies, Raptor Photonics, Lynred, Opgal Optronic, Photon and Himamatsu Photonics.
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Reasons to buy Shortwave Infrared (SWIR) Market Report:
• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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