Shortwave Infrared (SWIR) Market by Scanning Type (Area Scan and Line Scan), Technology (Cooled and Uncooled), Vertical (Industrial, Commercial, Military & Defense, Medical, Scientific Research), and Geography - Global Forecast to 2023
[131 Pages Report] The SWIR market was valued at USD 809.9 Million in 2016 and is estimated to reach USD 1,357.7 Million by 2023, at a CAGR of 7.68% during the forecast period. The base year considered for this study is 2016, and the forecast period considered is between 2017 and 2023.
The objectives of the study are as follows:
- Define, describe, and forecast the overall shortwave infrared (SWIR) market in terms of value and volume
- Define, describe, and forecast the SWIR market segmented on the basis of scanning type, technology, vertical, and geography
- Forecast the size of the SWIR market, in terms of value, for various segments with respect to 4 main regionsNorth America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- Describe the major factors (drivers, restraints, opportunities, and challenges) affecting the growth of the SWIR market and its submarkets
- Strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall SWIR market
- Analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the SWIR market
- Identify the key players operating in the SWIR market and comprehensively analyze their market ranking and core competencies
- Benchmark players within the market using proprietary Competitive Leadership Mapping framework, which analyzes market players on various parameters within the broad categories of business and product strategy
- Analyze strategic developments such as product launches, partnerships, expansions, and contracts in the SWIR market
The research methodology used to estimate and forecast the SWIR market begins with obtaining data on key vendor revenues through secondary research. Some of the secondary sources used in this research include various journals and databases, such as IEEE journals, infrared technology journals, Factiva, Hoovers, and OneSource. Moreover, the vendor offerings have been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the SWIR market from the revenues of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with officials holding key positions in the industry, such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primaries has been depicted in the following figure:
To know about the assumptions considered for the study, download the pdf brochure
The SWIR ecosystem comprises SWIR camera and its component vendors. Sensors Unlimited (US), FLIR Systems (US), Xenics (Belgium), New Imaging Technologies (France), and Allied Vision Technologies (Germany) are some of such vendors that sell these products and solutions to end users according to their unique requirements. The end users include players from verticals such as industrial, military and defense, commercial, scientific research, and medical.
Target Audience:
- SWIR product manufacturers
- Original equipment manufacturers (OEMs)
- Research organizations and consulting companies
- SWIR technology-related associations, organizations, forums, and alliances
- Distributors and traders
- Government bodies such as regulatory authorities and policymakers
- Venture capitalists, private equity firms, and start-up companies
The study answers several questions for the target audience, primarily which market segments to focus on in the next 25 years for prioritizing their efforts and investments.
Report Scope:
In this report, the SWIR market has been segmented into the following categories:
SWIR Market, by Scanning Type:
- Area Scan
- Line Scan
SWIR Market, by Technology:
- Cooled
- Uncooled
SWIR Market, by Vertical:
- Scientific Research
- Commercial
- Industrial
- Medical
- Military & Defense
- Others
SWIR Market, by Geography:
- North America (US, Canada, and Mexico)
- Europe (UK, Germany, France, and Rest of Europe)
- Asia Pacific (China, Japan, South Korea, and Rest of APAC)
- Rest of the World (South America, and Middle East and Africa)
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the companys specific needs. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market players (up to 5)
The SWIR market was valued at USD 809.9 Million in 2016 and is expected to reach USD 1,357.7 Million by 2023, at a CAGR of 7.68% during the forecast period. The growth of this market is being propelled by the growing demand for SWIR cameras, especially from industrial, military and defense, commercial, and scientific research verticals. Some of the major applications for which SWIR cameras are used in these verticals include solar cell inspection, night vision enhancement, moisture detection, camouflage detection, silicon wafer inspection, and surveillance.
The report segments the SWIR market on the basis of scanning type, technology, vertical, and geography. The said market is expected to be led by uncooled SWIR cameras during the forecast period. The high popularity of these cameras can be attributed to their low cost in comparison with cooled SWIR cameras.
The industrial vertical accounted for the largest share of the overall SWIR market. The high adoption of SWIR cameras in this vertical for various applications, including semiconductor inspection, thermography, and solar cell inspection, has led to the dominance of the industrial vertical in the SWIR market.
The market for line scan SWIR cameras is expected to witness significant growth during the forecast period. The major applications of line scan cameras are in the industrial vertical. These cameras are well suited for applications requiring imaging of fast-moving objects, and their cost is lower than that of area scan cameras, thereby leading to their wide adoption in the industrial vertical.
North America held the largest size of the SWIR market in 2016 and is expected to witness significant growth during the forecast period. Military and defense, industrial, and commercial are the major verticals that account for a significant share of the SWIR market in North America. Besides, this region is witnessing increasing demand for these cameras, especially cooled SWIR cameras, from the scientific research vertical.
The high price of SWIR cameras compared with other substitute technologies available in the market has hampered the widespread application of these cameras. However, a number of key players are focusing on lowering the cost of SWIR cameras through several modifications, such as by reducing their size and decreasing power consumption, innovating detector technology, and reducing the cost involved in packaging, electronics, and optics.
Some of the major companies operating in the SWIR market are Sensors Unlimited (US), FLIR Systems (US), Xenics (Belgium), New Imaging Technologies (France), Allied Vision Technologies (Germany), Hamamatsu Photonics K.K. (Japan), Photon etc. (Canada), Princeton Instruments (US), Sofradir Group (France), and Raptor Photonics (UK).
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Table of Contents
1 Introduction (Page No. - 12)
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions for Research Study
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 30)
4.1 SWIR Market Expected to Witness Huge Growth in APAC
4.2 SWIR Market, By Technology
4.3 SWIR Market, By Region and Vertical
4.4 SWIR Market, By Scanning Type
4.5 SWIR Market, By Country
5 Market Overview (Page No. - 33)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High Demand for SWIR Line Scan Cameras for Machine Vision Applications
5.2.1.2 High Penetration of SWIR Cameras in Military and Defense Vertical
5.2.1.3 Increasing Demand of SWIR Cameras From Various Commercial Applications
5.2.1.4 Technological Advancements in SWIR Detectors
5.2.2 Restraints
5.2.2.1 Stringent Import and Export Regulations to Restrain the Market Growth
5.2.3 Opportunities
5.2.3.1 Emerging 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 (Page No. - 39)
6.1 Introduction
6.2 Area Scan
6.3 Line Scan
7 SWIR Market, By Technology (Page No. - 44)
7.1 Introduction
7.2 Cooled
7.3 Uncooled
8 SWIR Market, By Vertical (Page No. - 47)
8.1 Introduction
8.2 Scientific Research
8.3 Commercial
8.4 Industrial
8.5 Medical
8.6 Military and Defense
8.7 Others
9 Geographic Analysis (Page No. - 59)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 UK
9.3.2 Germany
9.3.3 France
9.3.4 Rest of Europe (RoE)
9.4 Asia Pacific (APAC)
9.4.1 China
9.4.2 Japan
9.4.3 South Korea
9.4.4 Rest of APAC (RoAPAC)
9.5 Rest of the World (RoW)
9.5.1 South America
9.5.2 Middle East and Africa
10 Competitive Landscape (Page No. - 86)
10.1 Overview
10.2 Market Ranking Analysis: SWIR Market
10.3 Competitive Situations and Trends
10.3.1 Product Launches
10.3.2 Expansions
10.3.3 Others
11 Company Profiles (Page No. - 90)
(Business Overview, Products Offered, Product Offering Scorecard, Business Strategy Scorecard, Recent Developments, Key Relationships)*
11.1 Introduction
11.2 Sensors Unlimited Inc.
11.3 Flir Systems, Inc.
11.4 Xenics NV
11.5 New Imaging Technologies
11.6 Allied Vision Technologies GmbH
11.7 Raptor Photonics Limited
11.8 Sofradir Group
11.9 Princeton Instruments
11.10 Photon Etc.
11.11 Hamamatsu Photonics K.K.
11.12 Key Innovators
11.12.1 Princeton Infrared Technologies, Inc.
11.12.2 Episensors, Inc.
11.12.3 Ircameras LLC
*Details on Business Overview, Products Offered, Product Offering Scorecard, Business Strategy Scorecard, Recent Developments, Key Relationships Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 123)
12.1 Insights of Industry Experts
12.2 Knowledge Store: Marketsandmarkets Subscription Portal
12.3 Introducing RT: Real-Time Market Intelligence
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables (64 Tables)
Table 1 SWIR Market, in Terms of Value and Volume, 20152023
Table 2 SWIR Market, By Scanning Type, 20152023 (USD Million)
Table 3 SWIR Detector Market, By Scanning Type, 20152023 (USD Million)
Table 4 Area Scan SWIR Market, By Region, 20152023 (USD Million)
Table 5 Line Scan SWIR Market, By Region, 20152023 (USD Million)
Table 6 SWIR Market, By Technology, 20152023 (USD Million)
Table 7 SWIR Market, By Vertical, 20152023 (USD Million)
Table 8 SWIR Detector Market, By Vertical, 20152023 (USD Million)
Table 9 SWIR Market for Scientific Research Vertical, By Region, 20152023 (USD Million)
Table 10 SWIR Detector Market for Scientific Research Vertical, By Region, 20152023 (USD Million)
Table 11 SWIR Market for Commercial Vertical, By Region, 20152023 (USD Million)
Table 12 SWIR Detector Market for Commercial Vertical, By Region, 20152023 (USD Million)
Table 13 SWIR Market for Industrial Vertical, By Region, 20152023 (USD Million)
Table 14 SWIR Detector Market for Industrial Vertical, By Region, 20152023 (USD Million)
Table 15 SWIR Market for Medical Vertical, By Region, 20152023 (USD Million)
Table 16 SWIR Detector Market for Medical Vertical, By Region, 20152023 (USD Million)
Table 17 SWIR Market for Military and Defense Vertical, By Region, 20152023 (USD Million)
Table 18 SWIR Detector Market for Military and Defense Vertical, By Region, 20152023 (USD Million)
Table 19 SWIR Market for Other Verticals, By Region, 20152023 (USD Million)
Table 20 SWIR Detector Market for Other Verticals, By Region, 20152023 (USD Million)
Table 21 SWIR Market, By Region, 20152023 (USD Million)
Table 22 SWIR Detector Market, By Region, 20152023 (USD Million)
Table 23 SWIR Market in North America, By Country, 20152023 (USD Million)
Table 24 SWIR Market in North America, By Vertical, 20152023 (USD Million)
Table 25 SWIR Market in North America, By Scanning Type, 20152023 (USD Million)
Table 26 SWIR Market in US, By Vertical, 20152023 (USD Million)
Table 27 SWIR Market in US, By Scanning Type, 20152023 (USD Million)
Table 28 SWIR Market in Canada, By Vertical, 20152023 (USD Million)
Table 29 SWIR Market in Canada, By Scanning Type, 20152023 (USD Million)
Table 30 SWIR Market in Mexico, By Vertical, 20152023 (USD Million)
Table 31 SWIR Market in Mexico, By Scanning Type, 20152023 (USD Million)
Table 32 SWIR Market in Europe, By Country, 20152023 (USD Million)
Table 33 SWIR Market in Europe, By Vertical, 20152023 (USD Million)
Table 34 SWIR Market in Europe, By Scanning Type, 20152023 (USD Million)
Table 35 SWIR Market in UK, By Vertical, 20152023 (USD Million)
Table 36 SWIR Market in UK, By Scanning Type, 20152023 (USD Million)
Table 37 SWIR Market in Germany, By Vertical, 20152023 (USD Million)
Table 38 SWIR Market in Germany, By Scanning Type, 20152023 (USD Million)
Table 39 SWIR Market in France, By Vertical, 20152023 (USD Million)
Table 40 SWIR Market in France, By Scanning Type, 20152023 (USD Million)
Table 41 SWIR Market in RoE, By Vertical, 20152023 (USD Million)
Table 42 SWIR Market in RoE, By Scanning Type, 20152023 (USD Million)
Table 43 SWIR Market in APAC, By Country, 20152023 (USD Million)
Table 44 SWIR Market in APAC, By Vertical, 20152023 (USD Million)
Table 45 SWIR Market in APAC, By Scanning Type, 20152023 (USD Million)
Table 46 SWIR Market in China, By Vertical, 20152023 (USD Million)
Table 47 SWIR Market in China, By Scanning Type, 20152023 (USD Million)
Table 48 SWIR Market in Japan, By Vertical, 20152023 (USD Million)
Table 49 SWIR Market in Japan, By Scanning Type, 20152023 (USD Million)
Table 50 SWIR Market in South Korea, By Vertical, 20152023 (USD Million)
Table 51 SWIR Market in South Korea, By Scanning Type, 20152023 (USD Million)
Table 52 SWIR Market in RoAPAC, By Vertical, 20152023 (USD Million)
Table 53 SWIR Market in RoAPAC, By Scanning Type, 20152023 (USD Million)
Table 54 SWIR Market in RoW, By Region, 20152023 (USD Million)
Table 55 SWIR Market in RoW, By Vertical, 20152023 (USD Million)
Table 56 SWIR Market in RoW, By Scanning Type, 20152023 (USD Million)
Table 57 SWIR Market in South America, By Vertical, 20152023 (USD Million)
Table 58 SWIR Market in South America, By Scanning Type, 20152023 (USD Million)
Table 59 SWIR Market in Middle East and Africa, By Vertical, 20152023 (USD Million)
Table 60 SWIR Market in Middle East and Africa, By Scanning Type, 20152023 (USD Million)
Table 61 Key Player Market Ranking, 2016
Table 62 Product Launches, 20162017
Table 63 Expansions, 20162017
Table 64 Contracts, Licensing, and Consolidations, 20132016
List of Figures (35 Figures)
Figure 1 SWIR Market Segmentation
Figure 2 Geographic Scope
Figure 3 Process Flow: SWIR Market Size Estimation
Figure 4 SWIR Market: Research Design
Figure 5 Bottom-Up Approach for Market Size Estimation: SWIR Market
Figure 6 Market Shipment Estimation Process
Figure 7 Top-Down Approach for Market Size Estimation: SWIR Market
Figure 8 Data Triangulation
Figure 9 SWIR Market Size (20152023)
Figure 10 Snapshot of SWIR Market (2017 vs 2023): Area Scan Segment to Hold Larger Size of Market in 2017
Figure 11 Market for Cooled SWIR Camera to Grow at Higher CAGR During Forecast Period
Figure 12 Industrial Vertical to Hold Largest Size of SWIR Market By 2023
Figure 13 North America Accounted for Largest Share of SWIR Market in 2016
Figure 14 SWIR Market Expected to Witness Attractive Growth Opportunities Owing to Increasing Demand From Industrial Vertical
Figure 15 Market for Cooled SWIR Camera Expected to Grow at Higher CAGR During Forecast Period
Figure 16 North America to Hold Largest Share of SWIR Market in 2017
Figure 17 Market for Line Scan SWIR Camera to Grow at Higher CAGR During Forecast Period
Figure 18 US Expected to Hold Largest Share of SWIR Market in 2017
Figure 19 Increasing Demand for SWIR Line Scan Cameras for Machine Vision Applications Drives SWIR Market Growth
Figure 20 Value Chain Analysis: Major Value Addition During Component and Product Manufacturing Stage
Figure 21 SWIR Market, By Scanning Type
Figure 22 Area Scan SWIR Camera Expected to Hold Largest Size of SWIR Market By 2023
Figure 23 SWIR Market, By Technology
Figure 24 Uncooled SWIR Camera Expected to Lead SWIR Market in Terms of Market Size During Forecast Period
Figure 25 SWIR Market, BT Vertical
Figure 26 Industrial Vertical to Hold Largest Size of SWIR Market By 2023
Figure 27 North America Expected to Account for Largest Size of SWIR Market for Commercial Vertical During Forecast Period
Figure 28 SWIR Detector Market for Military and Defense Vertical in North America Expected to Grow at Highest CAGR During Forecast Period
Figure 29 Geographic Snapshot (20172023): APAC Countries, Such as China and Japan, Expected to Witness Significant Growth During Forecast Period
Figure 30 North America: SWIR Market Snapshot
Figure 31 Europe: SWIR Market Snapshot
Figure 32 APAC: SWIR Market Snapshot
Figure 33 Battle for Market Share: Product Launches Was Key Growth Strategy
Figure 34 Flir Systems: Company Snapshot
Figure 35 Hamamatsu Photonics K.K.: Company Snapshot
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Growth opportunities and latent adjacency in Shortwave Infrared (SWIR) Market