Short Wave Infrared Swir Market Size, Share, Industry Trends and Forecast to 2030

Short Wave Infrared SWIR Market Size & CAGR in 2021:

The global Short Wave Infrared (SWIR) market is expected to grow at a CAGR of 5.2% from 2021 to 2025. The market size is projected to reach USD 1.8 billion by 2025. The increasing adoption of SWIR imaging in various industries such as healthcare, automotive, and defense is driving the growth of the market.

COVID-19 Impact on the Short Wave Infrared SWIR Market:

The COVID-19 pandemic has had a mixed impact on the Short Wave Infrared (SWIR) market. On one hand, the restrictions imposed during the lockdowns have impacted the production and supply chain of SWIR sensors. On the other hand, the increased demand for thermal imaging solutions for screening and monitoring COVID-19 patients has boosted the market growth.

Short Wave Infrared SWIR Dynamics:

The Short Wave Infrared (SWIR) market is driven by factors such as the growing demand for machine vision applications, increasing adoption of SWIR cameras in surveillance and security systems, and advancements in sensor technologies. However, factors such as high cost of SWIR cameras and limited awareness about SWIR technology are hindering the market growth.

Segments and Related Analysis:

The Short Wave Infrared (SWIR) market is segmented based on components, end-users, and applications. The components segment includes SWIR sensors, SWIR detectors, and SWIR lenses. The end-user segment comprises industries such as healthcare, automotive, aerospace & defense, and others. The application segment includes thermal imaging, machine vision, hyperspectral imaging, and others.

By Region Analysis:

The Short Wave Infrared (SWIR) market is analyzed across regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America holds the largest market share due to the presence of key players and increasing investments in R&D activities. Asia Pacific is expected to witness significant growth due to the increasing adoption of SWIR technology in emerging economies.

Key Market Players and Competitive Landscape:

Some of the key players in the Short Wave Infrared (SWIR) market include FLIR Systems, Xenics, Hamamatsu Photonics, Raptor Photonics, Sofradir, Photon Etc., Princeton Infrared Technologies, and Allied Vision Technologies. The market is highly competitive with players focusing on product innovations, partnerships, and acquisitions to gain a competitive edge.

Recent Happenings in the Short Wave Infrared SWIR Market:

In recent developments, FLIR Systems announced the launch of a new SWIR camera with enhanced features for industrial applications. Xenics collaborated with a leading healthcare provider to develop SWIR imaging solutions for medical diagnostics. Hamamatsu Photonics introduced a compact SWIR camera for research and scientific applications. These developments indicate the growing interest and investment in the SWIR market.