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Shortwave Infrared Market Trends

Report ID: GMI8148
Published Date: Feb 2024
Report Format: PDF

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Shortwave Infrared Market Trends

The increasing use of shortwave infrared in a variety of applications is a significant market growth factor. SWIR technology has unique advantages, such as the ability to penetrate certain materials and sensitivity to moisture & temperature changes, making it useful in a variety of industries. SWIR is increasingly recognized for its versatility and effectiveness in a variety of applications including industrial imaging for quality control and process monitoring as well as defense & security applications such as night vision and surveillance. For instance, in June 2021, Teledyne FLIR Systems launched A500f/A700f cameras for fire detection and fire monitoring applications. The FLIR A500f and A700f Advanced Smart Sensor ruggedized thermal cameras feature high-temperature detection for extreme environments paired with on-camera analytics and alarm capabilities, ideal for industrial early fire detection or outdoor condition monitoring applications.

The growing demand for advanced imaging solutions in industries such as healthcare, agriculture, and automotive drives the adoption of SWIR technology. As industries seek more accurate, dependable, and versatile imaging solutions, the demand for SWIR is expected to increase. This trend is driven by continuous advancements in SWIR technology coupled with the increasing awareness of its benefits and the growing need for enhanced sensing capabilities across various sectors.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

Market size for Shortwave infrared surpassed USD 170 million in 2023 and is estimated to record and at over 8% CAGR between 2024 and 2032 attributed to the growing product adoption in industrial imaging.

Shortwave infrared industry from the area scan segment will witness high demand and is estimated to expand at over 7% rate from 2024-2032 owing to its suitability for a wide range of applications requiring extensive imaging and inspection.

North America shortwave infrared (SWIR) industry accounted for more than 30% revenue share in 2023 and is set to exhibit robust growth through 2032 driven by the strong presence of key players and a solid infrastructure for technological innovation coupled with the growing investments in defense & security applications across the region.

Some of the top companies engaged in the shortwave infrared (SWR) market are Allied Vision Technologies GmbH, FLAC Systems, Inc., Hamamatsu Photonics K.K., InfraTec GmbH, IRCameras LLC, New Imaging Technologies (NIT), NITROSYS GmbH, Photon, Princeton Infrared Technologies, Inc., Raptor Photonics Ltd., Sierra-Olympic Technologies, Inc., Sofradir, Teledyne DALSA, and Xenics.