Persistence Market Research
Globally the demand for shortwave infrared (SWIR) products has largely grown especially in the nonindustrial vertical, which accelerated growth in the global shortwave infrared market. Increasing demand for shortwave infrared cameras that helps in adaptation of night vision technologies further augmented the market growth. The application of shortwave infrared cameras is widely seen in industries such as food & beverages, electronics and semiconductors, and aerospace for machine vision application that bolstered demand in this market.
Furthermore, various leading players operating in the global shortwave infrared market are investing in research and development activities in order to innovate SWIR sensors and cameras. Technological innovation of SWIR products are also leading in diversifying application of these products in the healthcare sector for aerospace imaging technologies and cancer surveillance, among others. Moreover, the need to gather data on the root development, plant growth, drying, water absorption, photosynthesis etc., can be done by implementing this technology.
Several companies are innovating with shortwave infrared products to get a larger share in the global market. To state, a few examples of companies that are innovating in this market include:
Short-wave infrared is defined as light in the 0.9 – 1.7?m wavelength range, but can also be classified from 0.7 – 2.5?m. Short-wave infrared has specific wavelength range over which optical and electronic components are designed and coated.
Shortwave Infrared market: Drivers and Challenges
The major growth drivers of the Shortwave Infrared market include increasing demand of shortwave infrared (SWIR) cameras for industrial use and adaptation of night vision technologies. In addition, Use of Shortwave Infrared in various industry verticals could drive the growth of Shortwave Infrared market.
Major challenges of Shortwave Infrared market are government regulations coupled with the high cost of materials are hampering the growth of shortwave infrared market. Moreover, economic difficulties are some of the major factors which could hinder the growth of Shortwave Infrared Market.
Shortwave Infrared market: Segmentation
Global Shortwave Infrared Market can be segmented as:
Segmentation on the basis of By Technology:
On the basis of type Shortwave Infrared market is segmented into cooled and uncooled. All Shortwave Infrared are designed with the cooled and uncooled technologies.
Segmentation on the basis of Application:
Shortwave Infrared market can be segmented on the basis of application, includes areas where Shortwave Infrared are used. Application includes Industrial manufacturing, military and defense, Scientific Research and Life Sciences and others.
Some of the major players in Global Shortwave Infrared Market are Sensors Unlimited, Inc., Teledyne DALSA, Inc., Xenics, Allied Vision Technologies GmbH, FLIR Systems Inc., EPIsensors, Inc., Hamamatsu Photonics, IRcameras LLC, New Imaging Technologies, Princeton Infrared Technologies, Inc., Princeton Instruments, Raptor Photonics Limited, Sofradir Group, Xenics NV and Leonardo DRS
North America is holding the largest market share for Shortwave Infrared market due to due to the presence of detector manufacturers, system suppliers and large companies. Due to high demand of night vision technologies from enterprises, Asia Pacific will hold maximum market share for Shortwave Infrared in near future. Europe is fastest growing and lucrative end-user market for Shortwave Infrared due to technological advancement of various industry verticals. Sturdy economic progress, driving the growth of Shortwave Infrared market in MEA region. The Demand for Shortwave Infrared market has risen dramatically over the past 2 years globally.
The report covers exhaustive analysis on:
Regional analysis for Shortwave Infrared market includes development of these systems in the following regions:
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