Feb 4, 2019   SOURCE: PR NewsWire

Global Shortwave Infrared (SWIR) Market 2019-2024: Military and Defense Vertical Drives the Growth of SWIR Market

DUBLIN, Feb. 4, 2019 /PRNewswire/ --

The "Shortwave Infrared (SWIR) Market by Scanning Type (Area Scan and Line Scan), Technology (Cooled and Uncooled), Application (Security & Surveillance, Monitoring & Inspection, and Detection), Vertical, and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

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Increasing demand for shortwave infrared (SWIR) products for monitoring & inspection application driving market growth

The SWIR market is expected to grow at a CAGR of 9.87% from 2018 to 2024, to reach USD 258 million by 2024 from USD 147 million in 2018.

Rising demand for SWIR cameras for quality control is among the major factors accelerating the growth of the SWIR market for the monitoring and inspection application. Food & beverages, electronics & semiconductors, pharmaceuticals, glass, and aerospace are among the industries that use SWIR cameras for the monitoring and inspection application.

However, the high price of SWIR cameras compared with other substitute technologies has hampered the widespread application of these cameras. This is currently the major factor limiting the growth of the said market.

Market for cooled SWIR products to witness significant growth during forecast period

The SWIR market, by technology, is segmented into cooled and uncooled cameras. Cooled SWIR cameras have detectors that are usually more sensitive than uncooled SWIR cameras, while the cost of uncooled cameras is generally lower than that of cooled cameras. The high cost of cooled SWIR cameras is currently limiting the penetration rate of these cameras. However, technological advancements in the SWIR industry are expected to lower the cost of SWIR cameras, thereby boosting the growth of the cooled SWIR market.

Area scan segment to hold larger share of SWIR market in 2018

In this report, the SWIR market, by scanning type, has been segmented into area scan and line scan. Among the two, the area scan segment is expected to hold a larger share of the market throughout the forecast period. The dominant position of this segment can be attributed to the high adoption of area scan SWIR cameras in the nonindustrial vertical, especially for the security and surveillance application.

North America to hold largest share of SWIR market from 2018 to 2024

In terms of market size, North America is expected to dominate the SWIR market during the forecast period as it is likely to witness significant growth in the said market during the forecast period. The increasing demand for SWIR cameras, especially cooled cameras, from the scientific research sector is one of the key factors accelerating the growth of the market in North America.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key officials in the SWIR market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in SWIR Market
4.2 SWIR Market, By Technology
4.3 SWIR Market in North America, By Country and Application
4.4 SWIR Market, By Scanning Type
4.5 SWIR Market, By Country (2018)

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Military and Defense Vertical Drives the Growth of SWIR Market
5.2.1.2 SWIR Line Scan Cameras Beneficial for Machine Vision Applications
5.2.1.3 Increasing Penetration of SWIR Cameras in Commercial Vertical
5.2.1.4 High Popularity of Ingaas SWIR Cameras
5.2.1.5 Development of Technologically Advanced SWIR Products
5.2.2 Restraints
5.2.2.1 Regulations on Import and Export of Infrared Products
5.2.3 Opportunities
5.2.3.1 Expansion of Application Areas of SWIR Cameras
5.2.4 Challenges
5.2.4.1 High Cost of SWIR Cameras
5.3 Value Chain Analysis

6 SWIR Market, By Scanning Type
6.1 Introduction
6.2 Area Scan
6.3 Line Scan

7 SWIR Market, By Technology
7.1 Introduction
7.2 Cooled Infrared Imaging
7.3 Uncooled Infrared Imaging

8 SWIR Market, By Application
8.1 Introduction
8.2 Security and Surveillance
8.3 Monitoring and Inspection
8.4 Detection

9 SWIR Market, By Vertical
9.1 Introduction
9.2 Industrial
9.2.1 Aerospace
9.2.2 Electronics and Semiconductors
9.2.3 Glass
9.2.4 Food & Beverages
9.2.5 Others
9.3 Nonindustrial
9.3.1 Military and Defense
9.3.2 Civil Infrastructure
9.3.3 Medical
9.3.4 Scientific Research

10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Rest of Europe
10.4 APAC
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of APAC
10.5 Rest of the World
10.5.1 South America
10.5.2 Middle East and Africa

11 Competitive Landscape
11.1 Overview
11.2 Market Ranking Analysis: SWIR Market
11.3 Competitive Situations and Trends
11.3.1 Product Launches
11.3.2 Expansions and Partnerships
11.3.3 Others

12 Company Profiles

    --  Allied Vision Technologies
    --  C-Thermal
    --  Episenors
    --  Flir Systems
    --  Fluxdata
    --  Hamamatsu Photonics K.K.
    --  Hgh Infrared Systems
    --  Infratec
    --  Intevac
    --  Ircameras
    --  New Imaging Technologies
    --  Opgal Optronic Industries
    --  Photon Etc.
    --  Photonic Science
    --  Princeton Infrared Technologies
    --  Princeton Instruments
    --  Raptor Photonics
    --  Sensors Unlimited
    --  Sofradir
    --  Xenics

For more information about this report visit https://www.researchandmarkets.com/research/5vb84b/global_shortwave?w=5

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