Shortwave infrared technology has long been used in various industrial applications such as civil applications, military applications, industrial manufacturing applications and other because of its distinct features. In addition, Shortwave infrared technology are used in a variety of applications such as electronic board inspection, identifying and sorting, solar cell inspection, produce inspection, surveillance, anti-counterfeiting, process quality control, and much more. Technological advancements of various industrial applications will drive the growth of shortwave infrared market. Technological development of shortwave IR detector in terms of size, weight, and power at low cost as well as the night sighting capabilities for military application will fuel the growth of the Shortwave Infrared market. In addition worldwide adaptation of night vision technologies by enterprises will drive the demand of Shortwave Infrared across the globe.
Short-wave infrared is defined as light in the 0.9 – 1.7μm wavelength range, but can also be classified from 0.7 – 2.5μm. 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:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.