openPR Logo
Press release

Shortwave Infrared (SWIR) Market Set for Steady Growth to reach USD 277 Million by 2027, at a CAGR of 8.9%

04-11-2024 12:30 AM CET | Associations & Organizations

Press release from: ABNewswire

Shortwave Infrared (SWIR) Market

Shortwave Infrared (SWIR) Market

The Shortwave Infrared (SWIR) Market is expected to reach USD 277 million by 2027 from USD 166 million in 2021, at a CAGR of 8.9 % during the forecast period.
The global Shortwave Infrared (SWIR) Market [https://www.marketsandmarkets.com/Market-Reports/shortwave-ir-market-52975079.html] is poised for substantial growth, with MarketsandMarkets forecasting its value to increase from USD 166 million in 2021 to USD 277 million by 2027. This growth represents a Compound Annual Growth Rate (CAGR) of 8.9% during the forecast period. These insights are derived from the latest report by MarketsandMarkets, a leading market research firm.

Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=52975079 [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=52975079&utm_source=ABNewswire+&utm_medium=Referral&utm_campaign=PAID-PR]

Image: https://www.marketsandmarkets.com/Images/shortwave-ir-market.jpg [https://www.marketsandmarkets.com/Market-Reports/shortwave-ir-market-52975079.html]

Key Segments in the Market:

Component:

* Sensors
* Cameras
* Lenses
* Software
* Other Components

Application:

* Security and Surveillance
* Monitoring and Inspection
* Machine Vision
* Spectroscopy
* Others

End-Use Industry:

* Industrial
* Commercial
* Military and Defense
* Healthcare and Life Sciences
* Scientific Research
* Others

Region:

* North America
* Europe
* Asia Pacific
* Middle East & Africa
* Latin America

Inquire Before Buying @
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=52975079 [https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=52975079&utm_source=ABNewswire+&utm_medium=Referral&utm_campaign=PAID-PR]

Growth Drivers:

Several factors are driving the growth of the global SWIR market, including:

Increasing Adoption in Security and Surveillance: The rising demand for advanced surveillance systems with enhanced capabilities, such as nighttime surveillance, thermal imaging, and object detection in challenging environments, is fueling the adoption of SWIR technology. SWIR cameras and sensors offer superior performance in low-light conditions, making them ideal for security and surveillance applications.

Growing Demand in Industrial and Commercial Applications: SWIR technology is increasingly being used in industrial and commercial applications, such as manufacturing, agriculture, automotive, and pharmaceuticals. SWIR imaging systems enable accurate and reliable inspection, quality control, and process monitoring across various industries, driving their adoption for industrial and commercial applications.

Advancements in SWIR Imaging Technology: Technological advancements, such as the development of high-resolution SWIR sensors, compact and lightweight SWIR cameras, and advanced image processing algorithms, are expanding the capabilities and applications of SWIR imaging systems. These advancements are driving the demand for SWIR technology in diverse industries, including military and defense, healthcare, and scientific research.

Challenges:

Despite the positive growth outlook, the global SWIR market faces certain challenges, including:

High Cost of SWIR Imaging Systems: The high cost of SWIR cameras, sensors, and other components may limit their adoption, particularly among small and medium-sized enterprises (SMEs) with limited budgets. Cost-effective solutions and price reductions in SWIR technology are necessary to broaden its market reach and accelerate adoption across industries.

Limited Awareness and Education: Lack of awareness and understanding about SWIR technology among end-users and stakeholders may hinder its adoption. Efforts to educate and train end-users about the benefits, applications, and capabilities of SWIR imaging systems are essential to drive market growth and adoption.

View detailed Table of Content here -
https://www.marketsandmarkets.com/Market-Reports/shortwave-ir-market-52975079.html

Opportunities:

The market presents several opportunities for growth, including:

Expansion of SWIR Applications: The increasing adoption of SWIR technology in emerging applications, such as medical imaging, agriculture, environmental monitoring, and space exploration, presents significant growth opportunities for market players. Expanding the range of SWIR applications and addressing new market segments can unlock new revenue streams and drive market growth.

Collaborations and Partnerships: Collaboration between SWIR technology providers, research institutions, and industry players can facilitate the development of innovative solutions and applications, driving market expansion and adoption. Strategic partnerships, joint ventures, and collaborative research initiatives can accelerate technology development and commercialization, positioning market players for success in the global SWIR market.

Key Players:

Key players operating in the global SWIR Market include:

* Teledyne FLIR LLC
* Sensors Unlimited, Inc. (UTC Aerospace Systems)
* Xenics
* Princeton Instruments
* Allied Vision Technologies GmbH
* Raptor Photonics Ltd.
* New Imaging Technologies (NIT)
* IRCameras LLC

Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=shortwave-infrared-swir-market-set-for-steady-growth-to-reach-usd-277-million-by-2027-at-a-cagr-of-89]
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/shortwave-ir-market-52975079.html



This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Shortwave Infrared (SWIR) Market Set for Steady Growth to reach USD 277 Million by 2027, at a CAGR of 8.9% here

News-ID: 3459399 • Views:

More Releases from ABNewswire

Applications of 5-50mm security camera lens
Applications of 5-50mm security camera lens
The application scenarios of 5-50 mm surveillance lenses are primarily categorized according to the variations in field of view resulting from changes in focal length. The specific applications are as follows: 1. Wide-angle range (5-12 mm) Panoramic monitoring for confined spaces A focal length of 5-8 mm (with a field of view of 60 degrees -90 degrees ) is suitable for enclosed small areas within 5 times 5 meters, such as elevator
Daniel Smart Manufacturing Empowers Riders with their New Custom Builder Feature on Leather Jackets & Vests
Daniel Smart Manufacturing Empowers Riders with their New Custom Builder Feature …
A leather jacket [https://danielsmartmfg.com/collections/mens-leather-motorcycle-jackets] for a rider is an essential part of their ride, and it makes them feel incomplete without it whenever they hit the road. If you are a biker, you must know what it means. Now imagine you can design your leather jacket your way, which may further enhance your experience on the road. Well, Daniel Smart, a renowned brand in the leather jacket industry, is now
Global Semiconductor Precision Parts Market to Reach USD 33.09 Billion by 2030, Expansion Creates Strategic Opportunities | Arizton
Global Semiconductor Precision Parts Market to Reach USD 33.09 Billion by 2030, …
Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2025-2030. According to Arizton research, the global semiconductor precision parts market [https://www.arizton.com/market-reports/semiconductor-precision-parts-market] size was valued at USD 20.25 billion in 2024 and is expected to reach USD 33.09 billion by 2030, growing at a CAGR of 8.53% during the forecast period. Explore the Full Market Insights: [https://www.arizton.com/market-reports/semiconductor-precision-parts-market] Report Summary: Market Size (2030): USD 33.09 Billion Market Size (2024): USD 20.25 Billion CAGR
Breaking Barriers: Amirhamza Hotak's Role in Advancing Cricket in the U.S. Against the Odds
Breaking Barriers: Amirhamza Hotak's Role in Advancing Cricket in the U.S. Again …
The U.S. cricket team has long relied on foreign-born players, slowing the rise of homegrown talent. Despite some youth programs, a strong system is still lacking. Amir Hamza Hotak stands out for devoting his prime years to both playing and coaching, mentoring young cricketers nationwide and making a key contribution to building a sustainable future for U.S. cricket. As noted in several articles, including by Peter Della Penna in ESPN Cricinfo

All 5 Releases


More Releases for SWIR

Global SWIR Hyperspectral Remote Sensing Market 2025-2032
SWIR Hyperspectral Remote Sensing Market Overview SWIR Hyperspectral Remote Sensing are a powerful tool for non-contact or remote sensing of molecular chemical information of material quality or composition. This report provides a deep insight into the global SWIR Hyperspectral Remote Sensing market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market
Key SWIR Market Trend for 2025-2034: Innovative Advancements In SWIR Technology
What Is the Future Outlook for the SWIR Market's Size and Growth Rate? In recent times, there has been a significant expansion in the size of the SWIR market. The predictions indicate a growth from $2.38 billion in 2024 to $2.58 billion in 2025 with a CAGR of 8.8%. The escalation previously witnessed can be linked to growing investments in defense and military, greater application of SWIR technology for inspecting
Application of SWIR in industrial inspection
Short-Wave Infrared (SWIR) constitutes a specifically engineered optical lens devised to capture short-wave infrared light that is not directly perceivable by the human eye. This band is customarily designated as light with wavelengths spanning from 0.9 to 1.7 microns. The operational principle of the short-wave infrared lens hinges on the transmission properties of the material for a specific wavelength of light, and with the assistance of specialized optical materials and
SWIR Camera Market Is Booming Worldwide
Global SWIR Camera Market Report from Market Research Forecast highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, player's market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to
SWIR Camera Sensors Market 2023 Business Scenario
The "SWIR Camera Sensors" Market report offers qualitative and quantitative insights and a detailed analysis of market size & growth rate for all segments in the market. The Global SWIR Camera Sensors Industry presents a market overview, product details, classification, and market concentration. The report also provides an in-depth review of key players in the market which is based on various competitive intelligence parameters like company profiles, product picture and
InGaAs SWIR Area Arrays Market: Explosive Growth
The report comes out as an intelligent and thorough assessment tool as well as a great resource that will help you to secure a position of strength in the global InGaAs SWIR Area Arrays market. It includes Porter's Five Forces and PESTLE analysis to equip your business with critical information and comparative data about the Global InGaAs SWIR Area Arrays Market. We have provided deep analysis of the vendor landscape