Shortwave Infra-Red (SWIR) Camera Market:
Executive Summary
The Shortwave Infrared or SWIR camera refers to a standalone integrated device which can be used for various purposes in military, scurity and surveilance, machine vision, photovoltaics, medical, thermograghy, spectroscopy, instrumentation and telecommunication. These cameras have the ability to detect and capture radiation which isn’t possible for the human eye. The demand for SWIR cameras have been experiencing a hike due to their affordability, power consumption economy and light weight, encouraging growth in the global shortwave infrared (SWIR) camera market.
Techological advancements in different industry applications and the worlwide adoption of night vision cameras by various industry verticals is slated to increase the market demand of shortwave infrared cameras. In 2018, the global shortwave infrared camera market was valued at approximately 140.4 million USD. It has been estimated that the market will grow at over 8% CAGR in the study period of 2019-2026. The global shortwave infrared camera growth can also face impediments in the future in the form of unfavorable government regulations and the high cost of materials.
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If you are interested in learning about the global shortwave infrared camera market, our market report will help. It studies the shortwave infrared (SWIR) camera market in depth, after dividing it into different segments and then examining each individually. It also puts special focus on the regional penetration of the same. Finally, it discusses the latest industry news pertaining to the global shortwave infrared camera market. The report provides a comprehensive understanding of where the global SWIR camera market is headed in the forecaste period of 2019-2026.
Segmentation
As already discussed, we will be looking at the global shortwave infrared (SWIR) camera market in terms of different segments that it can be divided into. These segments are based on product type, application and region. In terms of product type, the SWIR camera market can be divided into global SWIR linear camera market and global SWIR area camera market. With regard to application, the global shortwave infrared camera market can be segmented into scientific research and life sciences, industrial manufacturing, military and defense and others. Regionally, the market can be divided into Asia Pacific, the Middle East, South and North America and Europe.
Regional Overview
The geographical areas studied in this report for global shortwave infrared (SWIR) camera market are North and South America, Europe, the Middle East and Asia Pacific. North America commands the dominant market space in the global SWIR camera market due to the application of these cameras in different industry sectors in the US. The Asia Pacific region, consisting of Japan, China, India and Korea is slated to exhibit the fastest growth rate in the global shortwave infrared camera market due to an increase in automobile imaging technology investments and scientific research in these areas. The same will create lucrative growth prospects for the SWIR camera market across the Asia Pacific.
Latest industry news
The global linear shortwave infrared (SWIR) camera market is expected to grow at a higher CAGR than the global area SWIR camera market. More industry verticals make use of linear SWIR cameras than they do area SWIR cameras due to their functionality and affordability. Also, the North American SWIR camera market can be expected to be the leading market for SWIR cameras on a global level till 2024.
Continuous…
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