Shortwave Infrared Market Analysis and Forecast Study for 2017-2025

Shortwave infrared light is said to be a light having wave length of 1.4–3 µm. Shortwave infrared imaging, in order to work, needs to utilize additional optical and electronic components, as silicon sensors have only 1.0 µm as their upper limit. In shortwave infrared imaging, Indium gallium arsenide (inGaAs) sensors are the most commonly used primary sensors. Shortwave infrared imaging has several advantages over normal imaging, as it is used in a range of applications like surveillance, process quality control, anti-counterfeiting, electronic board inspection, produce inspection, solar cell inspection, and identifying & sorting to identify irregularities that the naked eye cannot detect.

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There are many factors driving the global shortwave infrared market. Growth in demand for shortwave infrared imaging cameras from industrial and defense verticals is expected to be a major driver of the market. Moreover, demand for this technology from rapidly growing Asian manufacturing facilities is also expected to boost the market’s growth.

There are, however, some factors that are hampering the market’s growth. The high price of shortwave imaging cameras as compared to other substitute technologies is anticipated to be a major restraint to the market’s growth. Furthermore, stringent government regulations are also expected to limit the growth of the market.

A number of market players are working on bringing down the cost of the technology through several modifications, like reducing power consumption and size, and new detector technology. Lowering the cost during packaging and shipping can open new opportunities for application of the technology and further drive the market.

The global shortwave infrared market can be segmented on the basis of scanning type, technology, vertical, and geography. On the basis of scanning type, the market can be segmented into area scan and line scan. On the basis of technology, the market is segmented into cooled and uncooled. Uncooled segment is expected to hold dominant position in the market primarily driven by huge demand for shortwave infrared cameras from the military and defense vertical. Moreover, their low cost as compared to cooled shortwave infrared cameras has done much to improve their position within the segment. On the basis of vertical, the market can be segmented into commercial, industrial, scientific research, medical, military & defense and others. Among these sub-segments, industrial vertical is expected to hold a major share of the market. This is due to the growing adoption of short wave infrared cameras in this vertical arising from their increasing application in thermography, semiconductor inspection, and solar cell inspection. Additionally, such cameras are apt for applications in industrial verticals that require imaging of fast-moving objects, thereby increasing their adoption in this vertical.

On the basis of geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to hold a major share of the total market owing to the growing usage of shortwave infrared devices in industrial, commercial, and military & defense verticals. The North America market is also expected to expand at a significant rate, driven by countries such as the United States and their increasing adoption of cooled shortwave infrared cameras from the scientific research vertical and increased defense expenditure. In terms of market share, North America is expected to be followed by Europe and Asia Pacific. Middle East & Africa, and South America are expected to hold a minor share of the total market.

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Major players in the global shortwave infrared market are Sensors Unlimited Inc., FLIR Systems, Inc., Xenics NV, New Imaging Technologies, Allied Vision Technologies GmbH, Raptor Photonics Limited, Sofradir Group, and Princeton Instruments. Other prominent market players include Photon Etc., Hamamatsu Photonics K.K., Princeton Infrared Technologies, Inc., Episensors, Inc. and IRCameras LLC.

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