Shortwave Infrared (SWIR) Market Highlights
Shortwave Infrared market is expected to grow from USD 158.4 million in 2017 to USD 261.6 million by 2023, at a compound annual growth rate (CAGR) of 9.05% during the forecast period. Growing demand of shortwave infrared cameras for machine vision application in various industries such as electronics and semiconductors, food & beverages, and aerospace & defense coupled with advancement in shortwave infrared sensors that enables it to detect objects in low-light and complete darkness drive the growth of shortwave infrared market.
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Shortwave infrared refers to the light with a wavelength range from 0.9 – 1.7μm to 0.7 – 2.5μm. Shortwave infrared is predominantly used for imaging purpose as it provides exceptional illumination for outdoor and night-time imaging. Growing demand of shortwave infrared cameras for machine vision application in various industries such as electronics and semiconductors, food & beverages, and aerospace & defense coupled with advancement in shortwave infrared sensors that enables it to detect objects in low-light and complete darkness are the key drivers for the global shortwave infrared market. Furthermore, benefits such as low cost and low power consumption also boost the demand of shortwave infrared products.
Shortwave infrared market, by scanning type is bifurcated into area scan and line scan. The line scan shortwave infrared products are anticipated to witness highest growth rate during the forecast period owing to the ability to image a fast-moving object at high rate and also the lower cost when compared to similar area scan products.
Shortwave Infrared (SWIR) Market Key players
The prominent players in the shortwave infrared market have been identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. The major vendors of the market are Sensors Unlimited (US), Flir Systems (US), Xenics (Belgium), New Imaging Technologies (France), Allied Vision Technologies (Germany), Sofradir (France), Raptor Photonics (UK), Opgal Optronic Industries (Israel), Hamamatsu Photonics K.K. (Japan), Photon Etc. (Canada), Ircameras LLC (US), Princeton Infrared Technologies (US), Episenors (Ireland), and HGH Infrared Systems (France).
Shortwave Infrared (SWIR) Market Segmentation
Shortwave infrared market is segmented based on scanning type, technology, application and region.
Based on scanning type, the market is bifurcated into area scan and line scan.
By technology, the market is categorized as cooled infrared imaging and uncooled infrared imaging
Based on application, the market is segmented into aerospace & defense, electronics & semiconductor, healthcare, scientific research, FMCG, and others.
By region, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World.
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Shortwave Infrared (SWIR) Market Regional analysis
The global market for shortwave infrared market is estimated to grow at a notable rate during the forecast period from 2018 to 2023. The geographical analysis of shortwave infrared market is done for North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to dominate the shortwave infrared market from 2018 to 2023 owing to the high demand for SWIR cameras from end-use verticals such as defense, healthcare and scientific research. Furthermore, higher concentration global market players and easy availability of proficient technical expertise drive the demand for shortwave infrared cameras. This region is estimated to grow at a significant CAGR during the forecast period.
TABLE OF CONTENTS
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Market Structure
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
5 Market Outlook
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 Value Chain Analysis
5.4 Porter’s Five Forces Model
5.4.1 Threat Of New Entrants
5.4.2 Bargaining Power Of Suppliers
5.4.3 Bargaining Power Of Buyers
5.4.4 Threat Of Substitutes
5.4.5 Intensity Of Rivalry
LIST OF TABLES
Table 1 Global High Brightness LED Market, By Region, 2018–2023
Table 2 North America: High Brightness LED Market, By Country, 2018–2023
Table 3 Europe: High Brightness LED Market, By Country, 2018–2023
Table 4 Asia-Pacific: High Brightness LED Market, By Country, 2018–2023
Table 5 Middle East & Africa: High Brightness LED Market, By Country, 2018–2023
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LIST OF FIGURES
FIGURE 1 Global High Brightness LED Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global High Brightness LED Market
FIGURE 4 Value Chain Of Global High Brightness LED Market
FIGURE 5 Share Of Global High Brightness LED Market In 2017, By Country (In %)
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