Shortwave Infrared (SWIR) Market

Shortwave Infrared (SWIR) Market Size, Share, Statistics and Industry Growth Analysis Report by Scanning Type (Area Scan and Line Scan), Application (Security & Surveillance, Monitoring & Inspection, and Detection), Technology, Vertical, Offering and Region (2021-2027)

Report Code: SE 4173 Jan, 2022, by marketsandmarkets.com

The Shortwave Infrared (SWIR) Market Size is expected to grow from USD 166 million in 2021 to USD 277 million by 2027; it is expected to grow at a CAGR of 8.9% during the forecast period.

The SWIR Industry has been witnessing significant growth over the past years, mainly owing to the rise in use of SWIR cameras in military and defense vertical.

Shortwave Infrared (SWIR) Market

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SWIR Market Dynamics
:

Driver: Increase in penetration of SWIR cameras in military & defense vertical

The penetration of SWIR cameras in the military & defense vertical is increasing as the ability of SWIR cameras to see through harsh environments, such as fog, smoke, haze, and water vapor has resulted in their increased usage in a number of applications, such as marine intelligence, surveillance, and vision enhancement. The ability of SWIR cameras to see through windshields of vehicles unlike longwave infrared (LWIR) and mediumwave (MWIR) infrared cameras during both day and night, as well as their capability to identify and differentiate between explosive and nonexplosive objects widen the applications of SWIR cameras for the special-operation military vehicles. Low-light or night vision imaging and safe illumination for the human eye, as well as the ability to cover and recognize the target from a distance and the feature of covert illumination to enable the viewer to see images in the absence of the illumination source lead to the increased adoption of SWIR cameras in the military & defense vertical.

Restraint: Stringent regulations related to import and export of SWIR cameras

As the manufacturing and marketing of SWIR cameras are strenuous, their import and export become difficult, depending on the country procuring them with complete documentation. According to the International Traffic in Arms Regulations (ITAR) implemented by the US Department of State, commodity jurisdiction approval is required for selling restricted SWIR cameras in the US. As such, the manufacturers of infrared cameras are barred from exchanging their products with a person or an entity within the US or abroad, without export authorization. Any non-compliance with these regulations is liable to penalties. The commodity jurisdiction approval is required not only by the manufacturers but also by the distributors of infrared cameras for selling them. This further leads to complications and additions to the costs involved in the sales and purchase of SWIR cameras in the US.

Opportunity: Rise in demand for SWIR cameras for use in new applications

With the advent of a number of disruptive technologies, the application areas of SWIR cameras have increased in several verticals, thereby acting as a growth opportunity for the providers of SWIR cameras. The ability of SWIR cameras to differentiate between colors and analyze properties such as temperature, water vapor, and chemical composition of materials makes them ideal for applications such as art inspection, spectroscopy, and astronomy. In addition, a few of the scientific research applications wherein SWIR cameras have witnessed increased use include climate change studies, ecosystem evaluation, microbe and disease analysis, ergonomics, and psychology. SWIR cameras made from lattice-matched InGaAs are ideal for use in astronomical studies in J- and H-bands, which are used in high-resolution telescopes. These cameras use water-cooled or fan-cooled systems that reduce vibrations in telescopes. SWIR cameras have been widely used in food & beverages and agriculture industries, thereby resulting in a reduction in their operational costs and improving their overall productivity. The ability of SWIR cameras to detect water content in soil and other surfaces enables them to be used in combination with drones for inspecting crop health, identifying areas that lack or have adequate water, and evaluating food dryness or ripeness. The medical sector is also witnessing an increased use of SWIR cameras. A few of the major applications of SWIR cameras in this sector are for carrying out the blood analysis to identify the presence and intensity of glucose content in it, as well as to conduct a high-resolution inspection of tissues, dental optical coherence tomography (OCT), brain imaging, and bone micro-fracture identification.

Challenge: High manufacturing cost of SWIR cameras

SWIR cameras are costlier than their substitutes owing to the use of components such as indium gallium arsenide (InGaAs) sensors and glass lenses in them. The high costs of SWIR cameras restrict their global adoption. A number of key players are focusing on lowering the costs of their SWIR cameras through several modifications, such as by reducing the size and decreasing the power consumption of SWIR cameras, innovating detector technologies, and reducing the costs involved in the incorporation of electronics and optics in them. For instance, Sensors Unlimited (US), through its SWIR area cameras series, offers four different models of mini SWIR cameras that are compact and consume low power. They are ideal for industrial and commercial applications. However, the high manufacturing costs of SWIR cameras act as a challenge for the overall growth of the SWIR market during the forecast period.

Area scan to hold largest market size during the forecast period

The market based on scanning type has been subsegmented into area scan and line scan. Area scan SWIR cameras dominated the SWIR market based on type in 2020, and the trend is expected to continue during the forecast period. The dominant position of area scan SWIR cameras can be attributed to their wide adoption across verticals. Industrial process monitoring, industrial furnace monitoring, solar cell inspection, driver vision enhancement, imaging through atmospheric obscurants, and security and surveillance are a few of the applications of area scan SWIR cameras.

Uncooled camera technology to hold the largest market size during the forecast period

The SWIR market is expected to be led by the uncooled segment during the forecast period. The dominant position of this segment can be attributed to the high demand for uncooled SWIR cameras from the non-industrial vertical, especially from the military and defense sector owing to their low cost compared with cooled SWIR 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.

Shortwave Infrared (SWIR) Market   by Region

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North America to have the largest market size during the forecast period

North America held the largest share of the SWIR market in 2021. One of the major reasons for the leading position of North America is the presence of several prominent military & defense, scientific research, and medical players in North America that are generating demand for SWIR cameras. Moreover, several companies offering SWIR cameras are present in this region, which further adds to the growth of the SWIR market in North America. Teledyne FLIR (US), Collins Aerospace (US), Princeton Instruments (US), IRCameras (US), Photon, etc. (Canada), and PIXELTEQ (US) are a few of the SWIR camera providers based in North America.

Key Market Players

Collins Aerospace(US), Teledyne FLIR (US), Xenics ( Belgium), New Imaging Technologies (France), Allied Vision Technologies (Germany), Raptor Photonics(UK), Lynred (France), Opgal Optronic(Israel), Photon etc. (Canada), Himamatsu Photonics(Japan) are among the key players operating in the SWIR Companies.

Shortwave Infrared (SWIR) Market Report Scope:

Report Metric

Details

Estimated Value USD 166 million in 2021
Projected Value USD 277 million by 2027
Growth Rate CAGR of 8.9% 

Market size available for years

2017–2027

Base year considered

2020

Forecast period

2021–2027

Forecast units

Value (USD)

Segments covered

Offering, Material, Technology, Scanning Type, Vertical, Application and Region

Regions covered

North America, APAC, Europe, and RoW

Companies covered

Collins Aerospace (US), Teledyne FLIR (US), Xenics (Belgium), New Imaging Technologies (France) and Allied Vision Technologies (Germany) Raptor Photonics (UK), Lynred (France), Opgal Optronic (Israel), Photon etc. (Canada), Himamatsu Photonics(Japan) are among the key players operating in the SWIR market.

This research report categorizes the SWIR market based on Offering, Material, Technology, Scanning Type, Vertical, Application and Region

Based on Offering, the Shortwave Infrared (SWIR) Market been Segmented as below:

  • Hardware
  • Software
  • Service

Based on Material, the Shortwave Infrared (SWIR) Market been Segmented as below:

  • Indium Gallium Arsenide
  • Indium Antimonide
  • Lead Sulfide
  • Mercury Cadmium Telluride

Based on Scanning Type, the Shortwave Infrared (SWIR) Market been Segmented as below:

  • Area Scan
  • Line Scan

Based on Technology, the Shortwave Infrared (SWIR) Market been Segmented as below:

  • Cooled SWIR Technology
  • Uncooled SWIR Technology

Based on Application, the Shortwave Infrared (SWIR) Market been Segmented as below:

  • Security & Surveillance
  • Monitoring & Inspection
  • Detection

Based on Vertical, the Shortwave Infrared (SWIR) Market been Segmented as below:

  • Industrial
    • Automotive
    • Aerospace
    • Electronics & Semiconductors
    • Oil & Gas
    • Food & Beverages
    • Glass
    • Others
  • Non Industrial
  • Military & Defense
  • Medical
  • Scientific Research
  • Others

Based on Region, the Shortwave Infrared (SWIR) Market been Segmented as below:

  • North America (US, Canada, Mexico and Rest of America)
  • Europe (UK, Germany, France, and Rest of Europe)
  • APAC (China, India, Japan and Rest of APAC)
  • RoW (South America, Middle East and Africa)

Recent Developments

  • In June 2021, Teledyne FLIR Systems announced the launch of A500f/A700f cameras for fire detection and fire monitoring applications.
  • In May 2021, Allied Vision Technologies has added new features and expanded on its Alvium CSI-2 camera series equipped with high-quality CMOS sensors with Pregius S global shutter technology
  • In December 2020, Xenics expanded its Dione family with the launch of Dione 1280, a SWIR thermal imaging core optimized to meet smaller size, lower weight, higher resolution, and lower power. This product is ideal for the safety & security market as well as industrial applications.
  • In September 2020, FLIR Systems through its FLIR GF77 Gas Find IR Series, provides professionals with the flexibility to use one uncooled gas detection camera for both gas detection and thermal inspections across chemical and industrial manufacturing, electric power utilities, natural gas supply chain, food and agricultural, and public safety.
  • In June 2019, Photon etc. launched the IR Vivo preclinical imager to understand living tissues; it is used in applications such as fluorescence imaging.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 22)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
    1.3 INCLUSIONS AND EXCLUSIONS
    1.4 STUDY SCOPE
           1.4.1 MARKETS COVERED
                    FIGURE 1 SWIR MARKET SEGMENTATION
           1.4.2 GEOGRAPHIC SCOPE
           1.4.3 YEARS CONSIDERED
    1.5 CURRENCY
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 27)
    2.1 RESEARCH DATA
           FIGURE 2 PROCESS FLOW: SWIR MARKET SIZE ESTIMATION
           FIGURE 3 MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 Secondary sources
                    2.1.2.2 Key secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary Sources
                    2.1.3.2 Key industry insights
                    2.1.3.3 Primary interviews with experts
                    2.1.3.4 List of key primary respondents
                    2.1.3.5 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for arriving at market size by bottom-up analysis
                               FIGURE 4 SWIR MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for capturing market size by top-down analysis
                               FIGURE 5 SWIR TECHNOLOGY MARKET: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 6 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
    2.5 LIMITATIONS
    2.6 RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 38)
    3.1 SWIR MARKET: POST-COVID-19
           3.1.1 REALISTIC SCENARIO
                    FIGURE 7 REALISTIC SCENARIO: MARKET, 2017–2027 (USD MILLION)
           3.1.2 PESSIMISTIC SCENARIO
                    FIGURE 8 PESSIMISTIC SCENARIO: MARKET, 2017–2027 (USD MILLION)
           3.1.3 OPTIMISTIC SCENARIO
                    FIGURE 9 OPTIMISTIC SCENARIO: MARKET, 2017–2027 (USD MILLION)
                    FIGURE 10 IMPACT OF COVID-19 ON MARKET 2017–2027 (USD MILLION)
                    FIGURE 11 AREA SCAN SEGMENT TO HOLD LARGER MARKET SIZE DURING FORECAST PERIOD
                    FIGURE 12 UNCOOLED SEGMENT TO ACCOUNT FOR LARGER SIZE OF MARKET FROM 2021 TO 2027
                    FIGURE 13 NON-INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGER SIZE OF MARKET DURING FORECAST PERIOD
                    FIGURE 14 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE OF MARKET IN 2020

4 PREMIUM INSIGHTS (Page No. - 44)
    4.1 ATTRACTIVE OPPORTUNITIES IN SWIR MARKET
           FIGURE 15 MARKET EXPECTED TO WITNESS GROWTH OWING TO INCREASE IN DEMAND FOR SWIR TECHNOLOGY FROM INDUSTRIAL VERTICAL
    4.2 MARKET, BY APPLICATION
           FIGURE 16 MARKET FOR MONITORING AND INSPECTION APPLICATION TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.3 MARKET, BY TECHNOLOGY
           FIGURE 17 MARKET FOR UNCOOLED SWIR CAMERAS EXPECTED TO HOLD LARGER SIZE DURING FORECAST PERIOD
    4.4 MARKET FOR VERTICAL AND SCANNING TYPE
           FIGURE 18 NON-INDUSTRIAL VERTICAL AND AREA SCAN TO ACCOUNT FOR LARGEST SIZE OF MARKET IN 2027
    4.5 MARKET, BY COUNTRY
           FIGURE 19 US TO HOLD LARGEST MARKET SHARE OF MARKET IN 2021

5 MARKET OVERVIEW (Page No. - 47)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 20 SWIR MARKET DYNAMICS
           5.2.1 DRIVERS
                    FIGURE 21 MARKET DRIVERS AND THEIR IMPACT
                    5.2.1.1 Rise in use of SWIR cameras in machine vision applications
                    5.2.1.2 Increase in penetration of SWIR cameras in military & defense vertical
                               FIGURE 22 MILITARY EXPENSES OF DIFFERENT COUNTRIES IN 2020
                    5.2.1.3 Surge in demand for SWIR cameras for use in multiple commercial applications
                    5.2.1.4 Upgrades in technological features and characteristics of SWIR detectors
           5.2.2 RESTRAINTS
                    FIGURE 23 MARKET RESTRAINTS AND THEIR IMPACT
                    5.2.2.1 Stringent regulations related to import and export of SWIR cameras
           5.2.3 OPPORTUNITIES
                    FIGURE 24 MARKET OPPORTUNITIES AND THEIR IMPACT
                    5.2.3.1 Rise in demand for SWIR cameras for use in new applications
           5.2.4 CHALLENGES
                    FIGURE 25 SIWIR MARKET CHALLENGES AND THEIR IMPACT
                    5.2.4.1 High manufacturing costs of SWIR cameras
    5.3 IMPACT OF COVID-19 ON MARKET
    5.4 AVERAGE SELLING PRICE ANALYSIS
           5.4.1 INFRARED CAMERAS
                    TABLE 1 PRICE RANGE OF INFRARED CAMERAS
    5.5 VALUE CHAIN ANALYSIS
           FIGURE 26 VALUE CHAIN ANALYSIS: MARKET
    5.6 SWIR MARKET ECOSYSTEM
           FIGURE 27 MARKET ECOSYSTEM
           TABLE 2 MARKET: ECOSYSTEM
           5.6.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR MARKET PLAYERS
                    FIGURE 28 LOW-COST SWIR TO PRESENT NEW GROWTH OPPORTUNITIES FOR SWIR COMPANIES
    5.7 PORTER’S FIVE FORCES ANALYSIS
           TABLE 3 MARKET: PORTER’S FIVE FORCES ANALYSIS, 2020
           5.7.1 THREAT OF NEW ENTRANTS
           5.7.2 THREAT OF SUBSTITUTES
           5.7.3 BARGAINING POWER OF SUPPLIERS
           5.7.4 BARGAINING POWER OF BUYERS
           5.7.5 INTENSITY OF COMPETITIVE RIVALRY
    5.8 REGULATORY LANDSCAPE IN MARKET
           TABLE 4 STANDARDS AND REGULATIONS
    5.9 CASE STUDY ANALYSIS
           5.9.1 SWIR CAMERAS HELPED IN ANALYZING WATER ABSORPTION TO OPTIMIZE CROP YIELDS
           5.9.2 IR MICROSCOPY WITH SWIR CAMERAS HELPS IN IDENTIFYING DEFECTS
    5.10 TECHNOLOGICAL TRENDS
           5.10.1 INCREASING USE OF IR IMAGING AS RAPID TOOL TO ANALYZE ORGANIC COMPOSTS
           5.10.2 VIBRATIONAL SPECTROSCOPIC TECHNIQUES FOR CHECKING TEA QUALITY AND SAFETY ANALYSIS
    5.11 PATENT ANALYSIS
                    TABLE 5 LIST OF KEY PATENTS REGISTERED IN SWIR MARKET IN LAST 10 YEARS
                    FIGURE 29 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENTS DURING 2010–2020
                    FIGURE 30 NUMBER OF PATENTS GRANTED DURING 2010–2020
                    TABLE 6 TOP 20 PATENT OWNERS (US) DURING 2010–2020
    5.12 TRADE DATA
                    TABLE 7 IMPORT DATA OF INSTRUMENTS AND APPARATUS FOR PHYSICAL OR CHEMICAL ANALYSIS USING UV, VISIBLE, OR IR OPTICAL RADIATIONS, 2016–2020 (USD THOUSAND)
                    FIGURE 31 IMPORT DATA OF INSTRUMENTS AND APPARATUS FOR PHYSICAL OR CHEMICAL ANALYSIS USING UV, VISIBLE, OR IR OPTICAL RADIATIONS, 2016–2020 (USD THOUSAND)
                    TABLE 8 EXPORT DATA OF INSTRUMENTS AND APPARATUS FOR PHYSICAL OR CHEMICAL ANALYSIS USING UV, VISIBLE, OR IR OPTICAL RADIATIONS, 2016–2020 (USD THOUSAND)
                    FIGURE 32 EXPORT DATA OF INSTRUMENTS AND APPARATUS FOR PHYSICAL OR CHEMICAL ANALYSIS USING UV, VISIBLE, OR IR OPTICAL RADIATIONS, 2016–2020 (USD THOUSAND)
    5.13 TARIFF ANALYSIS
                    TABLE 9 TARIFF RATE FOR INSTRUMENTS AND APPARATUS FOR PHYSICAL OR CHEMICAL ANALYSIS USING UV, VISIBLE, OR IR OPTICAL RADIATION TRANSMISSION OR RECEPTION APPARATUS EXPORTED BY US IN 2020
                    TABLE 10 TARIFF RATE FOR INSTRUMENTS AND APPARATUS FOR PHYSICAL OR CHEMICAL ANALYSIS USING UV, VISIBLE, OR IR OPTICAL RADIATIONS TRANSMISSION OR RECEPTION APPARATUS EXPORTED BY GERMANY IN 2020
                    TABLE 11 TARIFF RATE FOR INSTRUMENTS AND APPARATUS FOR PHYSICAL OR CHEMICAL ANALYSIS USING UV, VISIBLE, OR IR OPTICAL RADIATIONS TRANSMISSION OR RECEPTION APPARATUS EXPORTED BY SINGAPORE IN 2020
                    TABLE 12 TARIFF RATE FOR INSTRUMENTS AND APPARATUS FOR PHYSICAL OR CHEMICAL ANALYSIS USING UV, VISIBLE, OR IR OPTICAL RADIATIONS TRANSMISSION OR RECEPTION APPARATUS EXPORTED BY JAPAN IN 2020
                    TABLE 13 TARIFF RATE FOR INSTRUMENTS AND APPARATUS FOR PHYSICAL OR CHEMICAL ANALYSIS USING UV, VISIBLE, OR IR OPTICAL RADIATION TRANSMISSION OR RECEPTION APPARATUS EXPORTED BY NETHERLANDS IN 2020

6 MATERIALS USED IN SWIR CAMERAS (Page No. - 72)
    6.1 INTRODUCTION
           FIGURE 33 TYPES OF MATERIALS USED IN SWIR CAMERAS
    6.2 INDIUM GALLIUM ARSENIDE
           6.2.1 INCREASE IN USE OF INDIUM GALLIUM ARSENIDE SWIR DETECTORS IN MAJORITY OF THERMAL APPLICATIONS
    6.3 INDIUM ANTIMONIDE
           6.3.1 SURGE IN DEMAND FOR INDIUM ANTIMONIDE MATERIALS FOR USE IN LIVE TRACKING AND GPS APPLICATIONS
    6.4 LEAD SULFIDE
           6.4.1 RISE IN DISRUPTIVE APPLICATIONS OF LEAD SULFIDE SWIR CAMERAS IN SCIENTIFIC RESEARCH
    6.5 MERCURY CADMIUM TELLURIDE
           6.5.1 INCREASE IN USE OF MERCURY CADMIUM TELLURIDE SWIR DETECTORS FOR MONITORING AND INSPECTION APPLICATIONS

7 SWIR MARKET, BY OFFERING (Page No. - 75)
    7.1 INTRODUCTION
           FIGURE 34 MARKET, BY OFFERING
           TABLE 14 MARKET, BY OFFERING, 2017–2020 (USD MILLION)
           TABLE 15 MARKET, BY OFFERING, 2021–2027 (USD MILLION)
    7.2 HARDWARE
           7.2.1 SWIR CAMERAS
                    7.2.1.1 Growing adoption of SWIR cameras in security and surveillance applications is spurring market growth
           7.2.2 SWIR MODULES
                    7.2.2.1 Increasing demand for SWIR modules boosting growth of market
    7.3 SOFTWARE
           7.3.1 NITVISION SOFTWARE TO IMPROVE GRAPHIC USER INTERFACE OF SWIR CAMERAS
    7.4 SERVICE
           7.4.1 RISING OFFERINGS OF QUALITY SERVICES BY MANUFACTURERS BOOSTING DEMAND FOR SWIR CAMERAS

8 SWIR MARKET, BY SCANNING TYPE (Page No. - 79)
    8.1 INTRODUCTION
           FIGURE 35 MARKET, BY SCANNING TYPE
           FIGURE 36 AREA SCAN SEGMENT TO HOLD LARGER SIZE OF MARKET FROM 2021 TO 2027
           TABLE 16 MARKET, BY SCANNING TYPE, 2017–2020 (USD MILLION)
           TABLE 17 MARKET, BY SCANNING TYPE, 2021–2027 (USD MILLION)
    8.2 AREA SCAN
           8.2.1 INCREASE IN USE OF AREA-SCAN SWIR CAMERAS FOR SECURITY AND SURVEILLANCE APPLICATIONS
                    TABLE 18 MARKET FOR AREA SCAN, BY VERTICAL, 2017–2020 (USD MILLION)
                    TABLE 19 MARKET FOR AREA SCAN, BY VERTICAL, 2021–2027 (USD MILLION)
                    TABLE 20 MARKET FOR AREA SCAN, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 21 MARKET FOR AREA SCAN, BY REGION, 2021–2027 (USD MILLION)
    8.3 LINE SCAN
           8.3.1 RISE IN DEMAND FROM INDUSTRIAL VERTICAL TO BOOST GROWTH OF MARKET FOR LINE SCAN
                    TABLE 22 MARKET FOR LINE SCAN, BY VERTICAL, 2017–2020 (USD MILLION)
                    TABLE 23 MARKET FOR LINE SCAN, BY VERTICAL, 2021–2027 (USD MILLION)
                    TABLE 24 MARKET FOR LINE SCAN, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 25 MARKET FOR LINE SCAN, BY REGION, 2021–2027 (USD MILLION)

9 SWIR MARKET, BY TECHNOLOGY (Page No. - 86)
    9.1 INTRODUCTION
           FIGURE 37 MARKET, BY TECHNOLOGY
           FIGURE 38 UNCOOLED SEGMENT TO ACCOUNT FOR LARGER SIZE OF MARKET FROM 2021 TO 2027
           TABLE 26 MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
           TABLE 27 MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION)
    9.2 COOLED SWIR TECHNOLOGY
           9.2.1 COOLED SWIR CAMERAS CREATE CLEAR IMAGES WITH HIGH SPECTRAL FILTERING AND IMPROVED MAGNIFICATION PERFORMANCE
    9.3 UNCOOLED SWIR TECHNOLOGY
           9.3.1 UNCOOLED SWIR CAMERAS ELIMINATE REQUIREMENT FOR CRYOGENIC COOLING OF IMAGING SENSORS INSTALLED IN THEM
           9.3.2 IMPACT OF COVID-19 ON UNCOOLED MARKET
                    FIGURE 39 IMPACT OF COVID-19 ON UNCOOLED MARKET
                    TABLE 28 POST-COVID19: UNCOOLED MARKET (2017–2027) USD MILLION

10 SWIR MARKET, BY APPLICATION (Page No. - 91)
     10.1 INTRODUCTION
               FIGURE 40 MARKET, BY APPLICATION
               FIGURE 41 SECURITY AND SURVEILLANCE SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MARKET IN 2027
               TABLE 29 MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 30 MARKET, BY APPLICATION, 2021–2027 (USD MILLION)
     10.2 SECURITY AND SURVEILLANCE
             10.2.1 INCREASE IN INVESTMENTS IN MILITARY & DEFENSE AND COMMERCIAL VERTICALS TO FUEL GROWTH OF MARKET DURING FORECAST PERIOD
                       TABLE 31 SWIR MARKET FOR SECURITY AND SURVEILLANCE, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 32 MARKET FOR SECURITY AND SURVEILLANCE, BY VERTICAL, 2021–2027(USD MILLION)
                       TABLE 33 MARKET FOR SECURITY AND SURVEILLANCE, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 34 MARKET FOR SECURITY AND SURVEILLANCE, BY REGION, 2021–2027 (USD MILLION)
                       TABLE 35 MARKET IN NORTH AMERICA FOR SECURITY AND SURVEILLANCE, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 36 MARKET IN NORTH AMERICA FOR SECURITY AND SURVEILLANCE, BY COUNTRY, 2021–2027 (USD MILLION)
                       TABLE 37 MARKET IN EUROPE FOR SECURITY AND SURVEILLANCE, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 38 MARKET IN EUROPE FOR SECURITY AND SURVEILLANCE, BY COUNTRY, 2021–2027 (USD MILLION)
                       TABLE 39 MARKET IN APAC FOR SECURITY AND SURVEILLANCE, BY COUNTRY, 2017–2020(USD MILLION)
                       TABLE 40 MARKET IN APAC FOR SECURITY AND SURVEILLANCE, BY COUNTRY, 2021–2027(USD MILLION)
                       TABLE 41 MARKET IN ROW FOR SECURITY AND SURVEILLANCE, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 42 MARKET IN ROW FOR SECURITY AND SURVEILLANCE, BY REGION, 2021–2027 (USD MILLION)
     10.3 MONITORING AND INSPECTION
             10.3.1 SURGE IN USE OF INDIUM GALLIUM ARSENIDE SWIR CAMERAS IN FOOD & BEVERAGES AND GLASS MANUFACTURING INDUSTRIES
                       FIGURE 42 NON-INDUSTRIAL VERTICAL TO WITNESS HIGHER CAGR IN MARKET FOR MONITORING AND INSPECTION APPLICATION FROM 2021 TO 2027
                       TABLE 43 SWIR MARKET FOR MONITORING AND INSPECTION, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 44 MARKET FOR MONITORING AND INSPECTION, BY VERTICAL, 2021–2027 (USD MILLION)
                       TABLE 45 MARKET FOR MONITORING AND INSPECTION, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 46 MARKET FOR MONITORING AND INSPECTION, BY REGION, 2021–2027 (USD MILLION)
                       TABLE 47 MARKET IN NORTH AMERICA FOR MONITORING AND INSPECTION, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 48 MARKET IN NORTH AMERICA FOR MONITORING AND INSPECTION, BY COUNTRY, 2021–2027 (USD MILLION)
                       TABLE 49 MARKET IN EUROPE FOR MONITORING AND INSPECTION, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 50 MARKET IN EUROPE FOR MONITORING AND INSPECTION, BY COUNTRY, 2021–2027 (USD MILLION)
                       TABLE 51 MARKET IN APAC FOR MONITORING AND INSPECTION, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 52 MARKET IN APAC FOR MONITORING AND INSPECTION, BY COUNTRY, 2021–2027 (USD MILLION)
                       TABLE 53 MARKET IN ROW FOR MONITORING AND INSPECTION, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 54 MARKET IN ROW FOR MONITORING AND INSPECTION, BY REGION, 2021–2027 (USD MILLION)
     10.4 DETECTION
             10.4.1 RISE IN ADOPTION OF SWIR CAMERAS IN DIFFERENT INDUSTRIES TO ENSURE QUALITY PRODUCTS
                       FIGURE 43 NORTH AMERICA IS EXPECTED TO HOLD LARGEST SIZE OF MARKET FOR DETECTION SEGMENT IN 2027
                       TABLE 55 SWIR MARKET FOR DETECTION, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 56 MARKET FOR DETECTION, BY VERTICAL, 2021–2027(USD MILLION)
                       TABLE 57 MARKET FOR DETECTION, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 58 MARKET FOR DETECTION, BY REGION, 2021–2027(USD MILLION)
                       TABLE 59 MARKET IN NORTH AMERICA FOR DETECTION, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 60 MARKET IN NORTH AMERICA FOR DETECTION, BY COUNTRY, 2021–2027 (USD MILLION)
                       TABLE 61 MARKET IN EUROPE FOR DETECTION, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 62 MARKET IN EUROPE FOR DETECTION, BY COUNTRY, 2021–2027 (USD MILLION)
                       TABLE 63 MARKET IN APAC FOR DETECTION, BY COUNTRY, 2017–2020 (USD MILLION)
                       TABLE 64 MARKET IN APAC FOR DETECTION, BY COUNTRY, 2021–2027 (USD MILLION)
                       TABLE 65 MARKET IN ROW FOR DETECTION, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 66 MARKET IN ROW FOR DETECTION, BY REGION, 2021–2027 (USD MILLION)
     10.5 IMPACT OF COVID-19 ON MARKET, BY APPLICATION
               FIGURE 44 IMPACT OF COVID-19 ON MARKET, BY APPLICATION
               TABLE 67 MARKET, BY APPLICATION, 2017–2027 (USD MILLION)

11 SWIR MARKET, BY VERTICAL (Page No. - 108)
     11.1 INTRODUCTION
               FIGURE 45 MARKET, BY VERTICAL
               FIGURE 46 NON-INDUSTRIAL SEGMENT TO HOLD LARGER SIZE OF MARKET IN 2021
               TABLE 68 MARKET, BY VERTICAL, 2017–2020 (USD MILLION)
               TABLE 69 MARKET, BY VERTICAL, 2021–2027 (USD MILLION)
     11.2 INDUSTRIAL
               TABLE 70 MARKET FOR INDUSTRIAL, BY SCANNING TYPE, 2017–2020 (USD MILLION)
               TABLE 71 MARKET FOR INDUSTRIAL, BY SCANNING TYPE, 2021–2027 (USD MILLION)
               TABLE 72 MARKET FOR INDUSTRIAL, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 73 MARKET FOR INDUSTRIAL, BY APPLICATION, 2021–2027 (USD MILLION)
               TABLE 74 MARKET FOR INDUSTRIAL, BY REGION, 2017–2020 (USD MILLION)
               TABLE 75 MARKET FOR INDUSTRIAL, BY REGION, 2021–2027 (USD MILLION)
               TABLE 76 MARKET IN NORTH AMERICA FOR INDUSTRIAL, BY SCANNING TYPE, 2017–2020 (USD MILLION)
               TABLE 77 MARKET IN NORTH AMERICA FOR INDUSTRIAL, BY SCANNING TYPE, 2021–2027 (USD MILLION)
               TABLE 78 MARKET IN EUROPE FOR INDUSTRIAL, BY SCANNING TYPE, 2017–2020 (USD MILLION)
               TABLE 79 MARKET IN EUROPE FOR INDUSTRIAL, BY SCANNING TYPE, 2021–2027 (USD MILLION)
               TABLE 80 MARKET IN APAC FOR INDUSTRIAL, BY SCANNING TYPE, 2017–2020 (USD MILLION)
               TABLE 81 MARKET IN APAC FOR INDUSTRIAL, BY SCANNING TYPE, 2021–2027 (USD MILLION)
               TABLE 82 MARKET IN ROW FOR INDUSTRIAL, BY SCANNING TYPE, 2017–2020 (USD MILLION)
               TABLE 83 MARKET IN ROW FOR INDUSTRIAL, BY SCANNING TYPE, 2021–2027 (USD MILLION)
             11.2.1 AUTOMOTIVE
                       11.2.1.1 Rise in adoption of SWIR cameras in wide range of applications in automotive industry
             11.2.2 AEROSPACE
                       11.2.2.1 Surge in demand for SWIR cameras from aerospace vertical for use in enhanced vision systems
             11.2.3 ELECTRONICS & SEMICONDUCTORS
                       11.2.3.1 Increase in use of SWIR cameras for inspection of quality of pure semiconductor materials
             11.2.4 OIL & GAS
                       11.2.4.1 Surge in demand for SWIR cameras to understand dimensions of oil wells and coal mines
             11.2.5 FOOD & BEVERAGES
                       11.2.5.1 Rise in use of SWIR cameras for in-line food inspection through conveyor belts
             11.2.6 GLASS
                       11.2.6.1 Increase in use of SWIR cameras for imaging temperature gradients of glass products
             11.2.7 OTHERS
             11.2.8 MARKET FOR INDUSTRIAL VERTICAL: COVID-19 IMPACT
                       FIGURE 47 IMPACT OF COVID-19 ON MARKET FOR INDUSTRIAL VERTICAL
                       TABLE 84 POST-COVID-19: MARKET FOR INDUSTRIAL VERTICAL, 2017–2027 (USD MILLION)
     11.3 NON-INDUSTRIAL
               FIGURE 48 SECURITY AND SURVEILLANCE SEGMENT TO HOLD LARGEST SIZE OF MARKET FOR NON-INDUSTRIAL FROM 2021 TO 2027
               TABLE 85 SWIR MARKET FOR NON-INDUSTRIAL, BY SCANNING TYPE, 2017–2020 (USD MILLION)
               TABLE 86 MARKET FOR NON-INDUSTRIAL, BY SCANNING TYPE, 2021–2027 (USD MILLION)
               TABLE 87 MARKET FOR NON-INDUSTRIAL, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 88 MARKET FOR NON-INDUSTRIAL, BY APPLICATION, 2021–2027 (USD MILLION)
               TABLE 89 MARKET FOR NON-INDUSTRIAL, BY REGION, 2017–2020 (USD MILLION)
               TABLE 90 MARKET FOR NON-INDUSTRIAL, BY REGION, 2021–2027(USD MILLION)
               TABLE 91 MARKET IN NORTH AMERICA FOR NON-INDUSTRIAL, BY SCANNING TYPE, 2017–2020 (USD MILLION)
               TABLE 92 MARKET IN NORTH AMERICA FOR NON-INDUSTRIAL, BY SCANNING TYPE, 2021–2027 (USD MILLION)
               TABLE 93 MARKET IN EUROPE FOR NON-INDUSTRIAL, BY SCANNING TYPE, 2017–2020 (USD MILLION)
               TABLE 94 MARKET IN EUROPE FOR NON-INDUSTRIAL, BY SCANNING TYPE, 2021–2027 (USD MILLION)
               TABLE 95 MARKET IN APAC FOR NON-INDUSTRIAL, BY SCANNING TYPE, 2017–2020 (USD MILLION)
               TABLE 96 MARKET IN APAC FOR NON-INDUSTRIAL, BY SCANNING TYPE, 2021–2027 (USD MILLION)
               TABLE 97 MARKET IN ROW FOR NON-INDUSTRIAL, BY SCANNING TYPE, 2017–2020 (USD MILLION)
               TABLE 98 MARKET IN ROW FOR NON-INDUSTRIAL, BY SCANNING TYPE, 2021–2027(USD MILLION)
             11.3.1 MILITARY & DEFENSE
                       11.3.1.1 Surge in use of SWIR cameras in military & defense vertical to provide clear images
             11.3.2 MEDICAL
                       11.3.2.1 Emergence of new sub-applications of SWIR cameras in medical vertical
             11.3.3 SCIENTIFIC RESEARCH
                       11.3.3.1 Increase in adoption of SWIR products for scientific research
             11.3.4 OTHERS

12 GEOGRAPHIC ANALYSIS (Page No. - 125)
     12.1 INTRODUCTION
               FIGURE 49 SWIR MARKET IN CHINA TO GROW AT HIGHEST CAGR FROM 2021 TO 2027
               TABLE 99 MARKET, BY REGION, 2017–2020 (USD MILLION)
               TABLE 100 MARKET, BY REGION, 2021–2027 (USD MILLION)
     12.2 NORTH AMERICA
               FIGURE 50 NORTH AMERICA: MARKET SNAPSHOT
               TABLE 101 MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 102 MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2027 (USD MILLION)
               TABLE 103 MARKET IN NORTH AMERICA, BY SCANNING TYPE, 2017–2020 (USD MILLION)
               TABLE 104 MARKET IN NORTH AMERICA, BY SCANNING TYPE, 2021–2027 (USD MILLION)
               TABLE 105 MARKET IN NORTH AMERICA, BY VERTICAL, 2017–2020 (USD MILLION)
               TABLE 106 MARKET IN NORTH AMERICA, BY VERTICAL, 2021–2027 (USD MILLION)
               TABLE 107 MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 108 MARKET IN NORTH AMERICA, BY APPLICATION, 2021–2027(USD MILLION)
             12.2.1 US
                       12.2.1.1 New technologies hold potential for SWIR products in US
                                   TABLE 109 MARKET IN US, BY VERTICAL, 2017–2020 (USD MILLION)
                                   TABLE 110 MARKET IN US, BY VERTICAL, 2021–2027 (USD MILLION)
                                   TABLE 111 MARKET IN US, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 112 MARKET IN US, BY APPLICATION, 2021–2027 (USD MILLION)
             12.2.2 CANADA
                       12.2.2.1 Huge manufacturing capabilities increase demand for SWIR products
                                   TABLE 113 SWIR MARKET IN CANADA, BY VERTICAL, 2017–2020 (USD MILLION)
                                   TABLE 114 MARKET IN CANADA, BY VERTICAL, 2021–2027 (USD MILLION)
                                   TABLE 115 MARKET IN CANADA, BY APPLICATION, 2017–2020(USD MILLION)
                                   TABLE 116 MARKET IN CANADA, BY APPLICATION, 2021–2027(USD MILLION)
             12.2.3 MEXICO
                       12.2.3.1 Significant developments in medical and automobile verticals in Mexico driving market growth
                                   TABLE 117 MARKET IN MEXICO, BY VERTICAL, 2017–2020 (USD MILLION)
                                   TABLE 118 MARKET IN MEXICO, BY VERTICAL, 2021–2027 (USD MILLION)
                                   TABLE 119 MARKET IN MEXICO, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 120 MARKET IN MEXICO, BY APPLICATION, 2021–2027 (USD MILLION)
                                   FIGURE 51 MARKET IN NORTH AMERICA: COVID-19 IMPACT
                                   TABLE 121 POST-COVID19: MARKET IN NORTH AMERICA (2017–2027) USD MILLION
     12.3 EUROPE
               FIGURE 52 EUROPE: SWIR MARKET SNAPSHOT
               TABLE 122 MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 123 MARKET IN EUROPE, BY COUNTRY, 2021–2027 (USD MILLION)
               TABLE 124 MARKET IN EUROPE, BY SCANNING TYPE, 2017–2020 (USD MILLION)
               TABLE 125 MARKET IN EUROPE, BY SCANNING TYPE, 2021–2027 (USD MILLION)
               TABLE 126 MARKET IN EUROPE, BY VERTICAL, 2017–2020 (USD MILLION)
               TABLE 127 MARKET IN EUROPE, BY VERTICAL, 2021–2027 (USD MILLION)
               TABLE 128 MARKET IN EUROPE, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 129 MARKET IN EUROPE, BY APPLICATION, 2021–2027 (USD MILLION)
             12.3.1 UK
                       12.3.1.1 Technological advancements disrupting market in UK
                                   TABLE 130 MARKET IN UK, BY VERTICAL, 2017–2020 (USD MILLION)
                                   TABLE 131 MARKET IN UK, BY VERTICAL, 2021–2027 (USD MILLION)
                                   TABLE 132 MARKET IN UK, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 133 MARKET IN UK, BY APPLICATION, 2021–2027(USD MILLION)
             12.3.2 GERMANY
                       12.3.2.1 Automotive and military & defense verticals lead market in Germany
                                   TABLE 134 SWIR MARKET IN GERMANY, BY VERTICAL, 2017–2020 (USD MILLION)
                                   TABLE 135 MARKET IN GERMANY, BY VERTICAL, 2021–2027(USD MILLION)
                                   TABLE 136 MARKET IN GERMANY, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 137 MARKET IN GERMANY, BY APPLICATION, 2021–2027 (USD MILLION)
             12.3.3 FRANCE
                       12.3.3.1 Food inspection and audit drive market growth in France
                                   TABLE 138 MARKET IN FRANCE, BY VERTICAL, 2017–2020 (USD MILLION)
                                   TABLE 139 MARKET IN FRANCE, BY VERTICAL, 2021–2027 (USD MILLION)
                                   TABLE 140 MARKET IN FRANCE, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 141 MARKET IN FRANCE, BY APPLICATION, 2021–2027 (USD MILLION)
             12.3.4 REST OF EUROPE (ROE)
                       TABLE 142 MARKET IN REST OF EUROPE, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 143 MARKET IN REST OF EUROPE, BY VERTICAL, 2021–2027 (USD MILLION)
                       TABLE 144 MARKET IN REST OF EUROPE, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 145 MARKET IN REST OF EUROPE, BY APPLICATION, 2021–2027 (USD MILLION)
     12.4 ASIA PACIFIC
               FIGURE 53 APAC: SWIR MARKET SNAPSHOT
               TABLE 146 MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
               TABLE 147 MARKET IN APAC, BY COUNTRY, 2021–2027 (USD MILLION)
               TABLE 148 MARKET IN APAC, BY SCANNING TYPE, 2017–2020 (USD MILLION)
               TABLE 149 MARKET IN APAC, BY SCANNING TYPE, 2021–2027 (USD MILLION)
               TABLE 150 MARKET IN APAC, BY VERTICAL, 2017–2020 (USD MILLION)
               TABLE 151 MARKET IN APAC, BY VERTICAL, 2021–2027 (USD MILLION)
               TABLE 152 MARKET IN APAC, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 153 MARKET IN APAC, BY APPLICATION, 2021–2027 (USD MILLION)
             12.4.1 CHINA
                       12.4.1.1 Development of electronics and semiconductors to contribute to demand for SWIR detectors during forecast period
                                   TABLE 154 MARKET IN CHINA, BY VERTICAL, 2017–2020 (USD MILLION)
                                   TABLE 155 MARKET IN CHINA, BY VERTICAL, 2021–2027 (USD MILLION)
                                   TABLE 156 MARKET IN CHINA, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 157 MARKET IN CHINA, BY APPLICATION, 2021–2027 (USD MILLION)
             12.4.2 JAPAN
                       12.4.2.1 Security and surveillance to lead to rise in consumption of SWIR detectors in coming years
                                   TABLE 158 SWIR MARKET IN JAPAN, BY VERTICAL, 2017–2020 (USD MILLION)
                                   TABLE 159 MARKET IN JAPAN, BY VERTICAL, 2021–2027 (USD MILLION)
                                   TABLE 160 MARKET IN JAPAN, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 161 MARKET IN JAPAN, BY APPLICATION, 2021–2027 (USD MILLION)
             12.4.3 INDIA
                       12.4.3.1 Significant demand for SWIR products to be generated from military & defense vertical during forecast period
                                   TABLE 162 MARKET IN INDIA, BY VERTICAL, 2017–2020 (USD MILLION)
                                   TABLE 163 MARKET IN INDIA, BY VERTICAL, 2021–2027 (USD MILLION)
                                   TABLE 164 MARKET IN INDIA, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 165 MARKET IN INDIA, BY APPLICATION, 2021–2027 (USD MILLION)
             12.4.4 REST OF APAC (ROAPAC)
                       TABLE 166 MARKET IN REST OF APAC, BY VERTICAL, 2017–2020 (USD MILLION)
                       TABLE 167 MARKET IN REST OF APAC, BY VERTICAL, 2021–2027 (USD MILLION)
                       TABLE 168 MARKET IN REST OF APAC, BY APPLICATION, 2017–2020 (USD MILLION)
                       TABLE 169 MARKET IN REST OF APAC, BY APPLICATION, 2021–2027 (USD MILLION)
                       FIGURE 54 MARKET IN APAC: COVID-19 IMPACT
                       TABLE 170 POST-COVID19: MARKET IN APAC (2017–2027) USD MILLION
     12.5 REST OF THE WORLD
               FIGURE 55 ROW: SWIR MARKET SNAPSHOT
               TABLE 171 MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
               TABLE 172 MARKET IN ROW, BY REGION, 2021–2027 (USD MILLION)
               TABLE 173 MARKET IN ROW, BY SCANNING TYPE, 2017–2020 (USD MILLION)
               TABLE 174 MARKET IN ROW, BY SCANNING TYPE, 2021–2027 (USD MILLION)
               TABLE 175 MARKET IN ROW, BY VERTICAL, 2017–2020 (USD MILLION)
               TABLE 176 MARKET IN ROW, BY VERTICAL, 2021–2027 (USD MILLION)
               TABLE 177 MARKET IN ROW, BY APPLICATION, 2017–2020 (USD MILLION)
               TABLE 178 MARKET IN ROW, BY APPLICATION, 2021–2027 (USD MILLION)
             12.5.1 SOUTH AMERICA
                       12.5.1.1 Significant demand for SWIR products in monitoring & inspection applications
                                   TABLE 179 MARKET IN SOUTH AMERICA, BY VERTICAL, 2017–2020 (USD MILLION)
                                   TABLE 180 MARKET IN SOUTH AMERICA, BY VERTICAL, 2021–2027 (USD MILLION)
                                   TABLE 181 MARKET IN SOUTH AMERICA, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 182 MARKET IN SOUTH AMERICA, BY APPLICATION,  2021–2027 (USD MILLION)
             12.5.2 MIDDLE EAST AND AFRICA
                       12.5.2.1 Significant investments in military & defense to boost demand for SWIR products in region
                                   TABLE 183 MARKET IN MIDDLE EAST AND AFRICA, BY VERTICAL, 2017–2020 (USD MILLION)
                                   TABLE 184 MARKET IN MIDDLE EAST AND AFRICA, BY VERTICAL, 2021–2027 (USD MILLION)
                                   TABLE 185 MARKET IN MIDDLE EAST AND AFRICA, BY APPLICATION, 2017–2020 (USD MILLION)
                                   TABLE 186 MARKET IN MIDDLE EAST AND AFRICA, BY APPLICATION, 2021–2027 (USD MILLION)

13 COMPETITIVE LANDSCAPE (Page No. - 163)
     13.1 OVERVIEW
     13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
     13.3 REVENUE ANALYSIS OF TOP COMPANIES
               FIGURE 56 REVENUE ANALYSIS (USD BILLION), 2016–2020
     13.4 MARKET SHARE ANALYSIS
               TABLE 187 SWIR MARKET: DEGREE OF COMPETITION (2020)
               FIGURE 57 MARKET SHARE ANALYSIS: MARKET 2020
     13.5 COMPANY EVALUATION QUADRANT FOR MARKET, 2020
             13.5.1 STAR
             13.5.2 EMERGING LEADER
             13.5.3 PERVASIVE
             13.5.4 PARTICIPANT
                       FIGURE 58 MARKET COMPANY EVALUATION QUADRANT, 2020
             13.5.5 COMPANY FOOTPRINT
                       TABLE 188 COMPANY FOOTPRINT: MARKET
                       TABLE 189 COMPANY VERTICAL FOOTPRINT: MARKET
                       TABLE 190 COMPANY APPLICATION FOOTPRINT: MARKET
                       TABLE 191 COMPANY REGION FOOTPRINT: MARKET
     13.6 STARTUP/SME EVALUATION QUADRANT FOR MARKET, 2020
             13.6.1 PROGRESSIVE COMPANIES
             13.6.2 RESPONSIVE COMPANIES
             13.6.3 DYNAMIC COMPANIES
             13.6.4 STARTING BLOCKS
                       FIGURE 59 MARKET STARTUP/SME EVALUATION QUADRANT, 2020
     13.7 COMPETITIVE SITUATIONS AND TRENDS
             13.7.1 PRODUCT LAUNCHES AND DEVELOPMENTS
                       TABLE 192 PRODUCT LAUNCHES AND DEVELOPMENTS, 2018–2021
             13.7.2 DEALS
                       TABLE 193 DEALS, 2018–2021

14 COMPANY PROFILES (Page No. - 177)
     14.1 INTRODUCTION
     14.2 KEY PLAYERS
(Business overview, Products offered, Recent Developments, MNM view)*
             14.2.1 COLLINS AEROSPACE (RAYTHEON TECHNOLOGIES)
                       FIGURE 60 RAYTHEON TECHNOLOGIES: COMPANY SNAPSHOT
             14.2.2 TELEDYNE FLIR
                       FIGURE 61 FLIR SYSTEMS: COMPANY SNAPSHOT
             14.2.3 XENICS
             14.2.4 NEW IMAGING TECHNOLOGIES
             14.2.5 ALLIED VISION TECHNOLOGIES
             14.2.6 RAPTOR PHOTONICS
             14.2.7 LYNRED
             14.2.8 OPGAL OPTRONIC
             14.2.9 PHOTON ETC.
             14.2.10 HAMAMATSU PHOTONICS
                        FIGURE 62 HAMAMATSU PHOTONICS: COMPANY SNAPSHOT
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
     14.3 OTHER PLAYERS
             14.3.1 INTEVAC
             14.3.2 INVIEW TECHNOLOGY
             14.3.3 SIERRA-OLYMPICS TECHNOLOGIES
             14.3.4 FLUXDATA
             14.3.5 IRCAMERAS
             14.3.6 EPISENSORS
             14.3.7 PRINCETON INFRARED TECHNOLOGIES
             14.3.8 LEONARDO DRS
             14.3.9 INFRATEC
             14.3.10 TONBO IMAGING
             14.3.11 COX
             14.3.12 C-THERMAL
             14.3.13 ZHEJIANG DALI TECHNOLOGY
             14.3.14 AXIS COMMUNICATION
             14.3.15 HGH INFRARED SYSTEMS

15 APPENDIX (Page No. - 219)
     15.1 INSIGHTS OF INDUSTRY EXPERTS
     15.2 DISCUSSION GUIDE
     15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.4 AVAILABLE CUSTOMIZATIONS
     15.5 RELATED REPORTS
     15.6 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the SWIR market. Exhaustive secondary research was done to collect information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were employed to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. These secondary sources include SWIR journals and magazines, annual reports, press releases, and investor presentations of companies; white papers; certified publications and articles from recognized authors; and directories and databases such as Factiva, Hoovers, and OneSource.

Primary Research

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the SWIR market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information as well as to verify and validate the critical numbers arrived at.

Shortwave Infrared (SWIR) Market   Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the SWIR market and other dependent submarkets listed in this report.

  • Key players in the industry and markets have been identified through extensive secondary research.
  • In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

SWIR Market: Top-Down Approach

Shortwave Infrared (SWIR) Market   Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Outlook And Growth Shortwave Infrared (SWIR) and SWIR Camera Market

Shortwave Infrared (SWIR) refers to a wavelength range between 0.9 and 1.7 micrometers, which is used in a wide range of imaging applications. The SWIR Camera Market is expected to see significant growth in the coming years, driven by the increasing demand for high-performance imaging systems in various industries. Here is an outlook and growth forecast for the SWIR and SWIR camera market:

Market Outlook:

  1. Increasing Demand for High-Quality Imaging Systems: The SWIR camera market is expected to see significant growth due to the increasing demand for high-quality imaging systems in various industries, including aerospace, defense, and medical.
  2. Emerging Applications in Various Industries: The SWIR camera technology has applications in various industries such as semiconductor inspection, quality control, and surveillance, which is creating new growth opportunities for the market.
  3. Technological Advancements: Technological advancements in SWIR camera technology are making the systems more affordable and compact, which is expected to drive the adoption of the technology in various applications.
  4. Growing Popularity of Hyperspectral Imaging: The combination of SWIR camera technology and hyperspectral imaging is expected to create new growth opportunities for the SWIR camera market, as the technology provides better image quality and analysis.

Market Growth Forecast:

The market growth is expected to be driven by the increasing demand for high-quality imaging systems and emerging applications in various industries. The SWIR camera market is also expected to benefit from the technological advancements in manufacturing, which is making the systems more affordable and compact.

How is SWIR Camera Market Going to Impact in SWIR?

The SWIR camera market is expected to have a significant impact on the SWIR technology itself. Here are some ways the SWIR camera market could impact the SWIR technology:

  1. Increased Demand for SWIR Sensors: As the demand for SWIR cameras increases, so will the demand for SWIR sensors, which are the key components of SWIR cameras. This increased demand is likely to drive advancements in SWIR sensor technology, making them more sensitive, more reliable, and more affordable.
  2. Technological Advancements in SWIR Camera Systems: The increasing demand for SWIR cameras is likely to drive technological advancements in SWIR camera systems, making them more compact, efficient, and affordable. These advancements are expected to make SWIR camera systems more accessible to a wider range of industries and applications.
  3. Increased Adoption of SWIR Technology: As SWIR camera systems become more widely adopted, more industries are likely to discover the benefits of SWIR technology, which could lead to increased adoption of the technology in various applications. This increased adoption could further drive the development of SWIR technology and expand its range of applications.
  4. Competition and Innovation: As the SWIR camera market grows, competition among manufacturers is likely to increase, driving innovation and advancements in the technology. This competition could lead to new features and capabilities in SWIR camera systems, making them more useful and versatile for various applications.

Some Futuristic Growth Use-cases Of SWIR Camera Market?

The SWIR camera market is expected to see significant growth in the coming years, driven by the increasing demand for high-performance imaging systems in various industries. Here are some futuristic growth use-cases of SWIR Camera Market:

  1. Medical Imaging: SWIR cameras have the potential to revolutionize medical imaging by enabling doctors and medical professionals to see through biological tissue, allowing for more accurate diagnosis and treatment. SWIR cameras can also be used for non-invasive imaging techniques, such as endoscopy.
  2. Agriculture: SWIR cameras can be used in precision agriculture to monitor crop health and growth, helping farmers optimize their crop yields and reduce waste. SWIR cameras can also be used to detect plant diseases and pests early, allowing for targeted and timely intervention.
  3. Environmental Monitoring: SWIR cameras can be used for environmental monitoring, such as monitoring water quality, detecting oil spills, and tracking changes in vegetation. The high sensitivity of SWIR cameras can detect subtle changes in the environment that may be missed by other imaging systems.
  4. Aerospace and Defense: SWIR cameras have applications in aerospace and defense, such as detecting missile launches and tracking objects in space. They can also be used for imaging in low light conditions, making them useful for night vision applications.
  5. Manufacturing: SWIR cameras can be used in manufacturing applications, such as inspecting products for defects and monitoring the quality of materials. SWIR cameras can also be used for thermal imaging to detect hot spots in manufacturing processes, improving efficiency and safety.

Industries That Will Be Impacted in The Future by SWIR Camera

SWIR cameras have a wide range of applications in various industries due to their ability to capture images in low light conditions, see through certain materials, and detect invisible or hidden features. Here are some industries that are expected to be impacted by SWIR cameras in the future:

  1. Aerospace and Defense: SWIR cameras can be used for missile detection, target tracking, and surveillance in low light or no light conditions. These applications are crucial for the defense industry, where high-performance imaging systems are required for various military operations.
  2. Medical: SWIR cameras have the potential to revolutionize medical imaging by providing non-invasive imaging techniques for diagnosing and treating various diseases. SWIR cameras can be used for imaging through skin and tissue, making them useful in applications such as endoscopy and cancer diagnosis.
  3. Agriculture: SWIR cameras can be used for precision agriculture, enabling farmers to monitor crop health and optimize crop yields. SWIR cameras can also be used for detecting plant diseases and pests, helping farmers target their interventions more accurately.
  4. Industrial Manufacturing: SWIR cameras can be used for inspecting products for defects and monitoring the quality of materials during production. SWIR cameras can also be used for thermal imaging to detect hot spots in manufacturing processes, improving efficiency and safety.
  5. Environmental Monitoring: SWIR cameras can be used for environmental monitoring, such as monitoring water quality, detecting oil spills, and tracking changes in vegetation. The high sensitivity of SWIR cameras can detect subtle changes in the environment that may be missed by other imaging systems.

Growth Opportunities and Key Challenges for SWIR Market in the Future

The SWIR Camera Market is expected to see significant growth in the coming years, driven by the increasing demand for high-performance imaging systems in various industries. Here are some growth opportunities and key challenges for the SWIR Market in the future:

Growth Opportunities:

  1. Increasing Demand in Aerospace and Defense: The aerospace and defense industry is a major consumer of SWIR cameras due to their ability to detect objects in low light and no light conditions. The increasing demand for SWIR cameras in this industry is expected to drive market growth in the future.
  2. Advancements in Technology: The development of new technologies such as the InGaAs (Indium Gallium Arsenide) sensor technology is expected to increase the performance and reduce the cost of SWIR cameras. These advancements will make SWIR cameras more accessible to a wider range of applications and industries, driving market growth.
  3. Increasing Adoption in Medical Imaging: SWIR cameras have the potential to revolutionize medical imaging by providing non-invasive imaging techniques for diagnosing and treating various diseases. As the demand for non-invasive imaging techniques continues to grow, the adoption of SWIR cameras in the medical industry is expected to increase, driving market growth.

Key Challenges:

  1. High Cost: SWIR cameras are currently more expensive than other imaging systems, which limits their adoption in certain industries and applications. Reducing the cost of SWIR cameras is a key challenge that needs to be addressed to drive market growth.
  2. Limited Awareness: The SWIR camera market is relatively new, and many potential users may not be aware of the technology and its capabilities. Raising awareness of the benefits of SWIR cameras and their potential applications is a key challenge for market growth.
  3. Competition from Other Imaging Systems: Other imaging systems such as thermal cameras and traditional visible light cameras are often less expensive than SWIR cameras and can be used for similar applications. Competing with these established imaging systems is a challenge for the SWIR market.

 

Data Triangulation

 

After arriving at the overall market size from the estimation process explained above, the global market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed wherever applicable. The data has been triangulated by studying various factors and trends identified from both demand and supply sides.

Report Objectives

The following are the primary objectives of the study.

  • To define, describe, and forecast the SWIR market, in terms of offering, material, technology, scanning type, vertical, application and region.
  • To provide the market size estimation for North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), along with their respective country-level market sizes, in terms of value
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges that influence market growth.
  • To provide a detailed overview of the SWIR market value chain
  • To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze key trends related to components, connectivity technologies, and applications that shape and influence the global SWIR market.
  • To profile key players and comprehensively analyze their ranking based on their revenues and core competencies.
  • To analyze opportunities in the market for stakeholders and provide a detailed competitive landscape of the market.
  • To analyze competitive developments in the market, such as expansion, agreements, partnerships, contracts, product developments, and research and development (R&D)

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Report Code
SE 4173
Published ON
Jan, 2022
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