Market Overview:
The global shortwave infrared market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for shortwave infrared in industrial, commercial, military & defense, medical and scientific research applications. Additionally, the growing demand for night vision devices is also contributing to the growth of this market. However, factors such as high cost of equipment and limited penetration in developing countries are restraining the growth of this market.
Product Definition:
Shortwave infrared radiation is a type of electromagnetic radiation that has a wavelength between about 1 and 5 micrometers. It is used for imaging, sensing, and communication applications.
Area Scan:
Area scan is a technique used in short-wave infrared (SWIR) imaging to obtain the temperature and density information of an area. It's major applications are found in defense & security, automotive, industrial and medical sectors. The technology has been around for more than two decades but its usage was limited to specific applications such as material inspection until recently when it started gaining popularity due to advancements in hardware and software technologies coupled with cost effective nature of the product.
Line Scan:
The line scan is a method of detecting objects along a straight path using electromagnetic radiation. It works by scanning the object and measuring the fluctuations in the amount of energy received back. The longer the scan, typically up to 1,000 feet,the better chance you have at detecting an object with infrared technology.
Application Insights:
The military and defense application segment led the global shortwave infrared market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to increasing adoption of SWIR technology for military applications such as target detection, surveillance, and tracking. Furthermore, growing adoption of area-based scanning systems by countries such as China and India that have large armies is expected to propel demand over the coming years.
The commercial application segment accounted for a significant share in 2017 due to rising use of area-based shortwave infrared solutions by companies operating in various industries including food processing, paper manufacturing, chemical plants among others that require heat detection capabilities for process control purposes or energy management activities respectively are expected drive growth over the coming years.
Regional Analysis:
North America dominated the global shortwave infrared market in terms of revenue share in 2017. The growth can be attributed to the increasing adoption of SWIR technology across a broad range of applications including industrial, commercial, and military & defense. Moreover, technological advancements coupled with high demand for thermal imaging devices from various end-use industries are expected to drive regional product demand over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising government initiatives pertaining to improving infrastructure and industrial development within emerging economies such as China and India.
Growth Factors:
- Increasing demand for shortwave infrared in the security and surveillance sector as it offers high-resolution images that can help identify objects and people from a distance.
- Growing demand for shortwave infrared in the medical field as it helps to diagnose various diseases at an early stage.
- Rising use of shortwave infrared in manufacturing and automotive industries to detect defects during the production process.
- Increasing adoption of shortwave infrared in research institutes to study different physical phenomena happening at a molecular level.
Scope Of The Report
Report Attributes
Report Details
Report Title
Shortwave Infrared Market Research Report
By Type
Area Scan, Line Scan
By Application
Industrial, Commercial, Military & Defense, Medical, Scientific Research, Other
By Companies
Sensors Unlimited, FLIR Systems, Xenics, New Imaging Technologies, Allied Vision Technologies, Hamamatsu Photonics, Photon, Princeton Instruments, Sofradir Group, Raptor Photonics, DigitalGlobe
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Shortwave Infrared Market Report Segments:
The global Shortwave Infrared market is segmented on the basis of:
Types
Area Scan, Line Scan
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Commercial, Military & Defense, Medical, Scientific Research, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sensors Unlimited
- FLIR Systems
- Xenics
- New Imaging Technologies
- Allied Vision Technologies
- Hamamatsu Photonics
- Photon
- Princeton Instruments
- Sofradir Group
- Raptor Photonics
- DigitalGlobe
Highlights of The Shortwave Infrared Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Area Scan
- Line Scan
- By Application:
- Industrial
- Commercial
- Military & Defense
- Medical
- Scientific Research
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Shortwave Infrared Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Shortwave infrared radiation is a type of electromagnetic radiation with a wavelength of between 1 and 10 micrometers. It is invisible to the human eye, but can be seen with specialized equipment. Shortwave infrared radiation is emitted by objects that are hot, such as stars and planets.
Some of the major companies in the shortwave infrared market are Sensors Unlimited, FLIR Systems, Xenics, New Imaging Technologies, Allied Vision Technologies, Hamamatsu Photonics, Photon, Princeton Instruments, Sofradir Group, Raptor Photonics, DigitalGlobe.
The shortwave infrared market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Shortwave Infrared Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Shortwave Infrared Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Shortwave Infrared Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Shortwave Infrared Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Shortwave Infrared Market Size & Forecast, 2020-2028
4.5.1 Shortwave Infrared Market Size and Y-o-Y Growth
4.5.2 Shortwave Infrared Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Area Scan
5.2.2 Line Scan
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Commercial
6.2.3 Military & Defense
6.2.4 Medical
6.2.5 Scientific Research
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Shortwave Infrared Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Shortwave Infrared Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Area Scan
9.6.2 Line Scan
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Commercial
9.10.3 Military & Defense
9.10.4 Medical
9.10.5 Scientific Research
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Area Scan
10.6.2 Line Scan
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Commercial
10.10.3 Military & Defense
10.10.4 Medical
10.10.5 Scientific Research
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Area Scan
11.6.2 Line Scan
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Commercial
11.10.3 Military & Defense
11.10.4 Medical
11.10.5 Scientific Research
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Area Scan
12.6.2 Line Scan
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Commercial
12.10.3 Military & Defense
12.10.4 Medical
12.10.5 Scientific Research
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Area Scan
13.6.2 Line Scan
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Commercial
13.10.3 Military & Defense
13.10.4 Medical
13.10.5 Scientific Research
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Shortwave Infrared Market: Competitive Dashboard
14.2 Global Shortwave Infrared Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sensors Unlimited
14.3.2 FLIR Systems
14.3.3 Xenics
14.3.4 New Imaging Technologies
14.3.5 Allied Vision Technologies
14.3.6 Hamamatsu Photonics
14.3.7 Photon
14.3.8 Princeton Instruments
14.3.9 Sofradir Group
14.3.10 Raptor Photonics
14.3.11 DigitalGlobe
