SWIR
The SWIR Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the SWIR Market?
The SWIR market has experienced solid growth in recent years. It is expected to rise from $2.38 billion in 2024 to $2.58 billion in 2025, at a CAGR of 8.8%. The growth is driven by rising investments in defense and military sectors, increasing use of SWIR technology for semiconductor inspection, expanding SWIR applications in industries such as surveillance, agriculture, medical imaging, and growing demand in commercial, industrial, and automotive sectors.
The SWIR market is anticipated to expand strongly, reaching $3.58 billion in 2029 with a CAGR of 8.5%. This is driven by adoption in industries such as oil and gas, glass, and medicine, broader application in vehicle navigation, and increasing governmental use. Trends feature integration in night vision systems, R&D growth, improved image sensors, and ergonomic research applications.
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What Are the Different SWIR Market Segments?
The swir market covered in this report is segmented –
1) By Type: Area Scan, Line Scan
2) By Technology: Cooled, Uncooled
3) By End-User: Electronics And Communication, Aerospace, Food And Beverage, Automotive, Medical And Healthcare, Military And Defense, Other End-Users
Subsegments:
1) By Area Scan: Multispectral Area Scan SWIR Cameras, Hyperspectral Area Scan SWIR Cameras, High-Speed Area Scan SWIR Cameras
2) By Line Scan: Continuous Line Scan SWIR Cameras, High-Resolution Line Scan SWIR Cameras, High-Speed Line Scan SWIR Cameras
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What Are the Primary Drivers Shaping the SWIR Market?
Increased military and defense investments are expected to drive the growth of the SWIR market. The defense industry, fueled by geopolitical tensions and the need for national security, is boosting investments in military technologies. These investments are promoting the development of advanced imaging systems, including those based on SWIR (Short-Wave Infrared) technology. For instance, a report by the Stockholm International Peace Research Institute in April 2023 noted that global military spending reached $2,240 billion in 2022, a 3.7% increase from the previous year, contributing to the adoption of SWIR imaging technologies in defense applications.
Which Companies Are Leading in the SWIR Market?
Major companies operating in the SWIR market are BAE Systems, Thales Group, Raptor Photonics Ltd., Leonardo DRS Inc., Hamamatsu Corp., Jenoptik AG, FLIR Systems Inc., Gooch & Housego Plc, Teledyne DALSA Inc., Sofradir, Lynred, Xenics NV, Sensors Unlimited Inc., InView Technology Corporation, IRCameras LLC, Episensors Inc., Allied Vision, Sierra-Olympic Technologies Inc., Irnova AB, New Imaging Technologies, Photon Etc Inc., Princeton Infrared Technologies Inc., SWIR Vision Systems Inc., QmagiQ LLC
What Trends Are Driving Growth in The SWIR Market?
Companies in the SWIR market are innovating with technologies like shortwave infrared (SWIR) cameras to gain a competitive edge. In November 2022, Allied Vision Technologies GmbH, a German company, introduced the Goldeye series of SWIR cameras, capable of detecting wavelengths from 1.9 to 2.2 micrometers. These cameras are used in various applications such as laser beam profiling, waste detection, and identifying contaminants.
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What Are the Top Revenue-Generating Geographies in the SWIR Market?
North America was the largest region in the SWIR market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the SWIR market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the SWIR Market?
2. What is the CAGR expected in the SWIR Market?
3. What Are the Key Innovations Transforming the SWIR Industry?
4. Which Region Is Leading the SWIR Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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