Shortwave Infrared (SWIR) Market

Shortwave Infrared (SWIR) Market with COVID-19 Impact Analysis by Scanning Type (Area Scan and Line Scan), Technology (Cooled and Uncooled), Application (Security and Surveillance, Monitoring and Inspection, and Detection), Vertical (Industrial and Non-industrial), and Region - Global Forecast to 2025

Report Code: SE 4173 Jun, 2020, by marketsandmarkets.com

[154 Pages Report] The SWIR market is expected to grow from USD 177 million in 2020 to USD 279 million in 2025, at a CAGR of 9.6%.

The primary reasons for this rise in demand are the rising demand for line-scan SWIR cameras for machine vision applications, increasing penetration of SWIR cameras in the military & defense vertical, and growing adoption of SWIR cameras in commercial applications.

 Shortwave Infrared (SWIR) Market

Line-scan SWIR, by scanning type, is expected to grow at the highest CAGR during the forecast period.

The SWIR market for line-scan SWIR technology is expected to grow at the highest CAGR during the forecast period. Line-scan SWIR technology enables users to see beyond the visible spectrum; this allows cameras based on SWIR technology to be used in night vision enhancement, moisture detection, solar cell inspection, camouflage detection, silicon wafer inspection, and surveillance applications.

Uncooled SWIR, by technology, is expected to have the largest market share during the forecast period.

Uncooled SWIR technology has fewer moving parts that tend to have much longer service lives than cooled systems under similar operating conditions. The maintenance of the uncooled SWIR technology is hassle-free owing to the absence of the cryocoolers, which create hurdles and are expensive to replace.  

Security & surveillance, by application, is expected to have the largest market share during the forecast period.

Round-the-clock surveillance in all weather conditions is a necessity for many military and emergency services. Intruders often try to disguise their movements using various methods of camouflage that adapt to the prevailing situations. They exploit atmospheric conditions, such as haze, fog, or sandstorms, and may even deploy smoke grenades. Haze and smoke are not barriers in the operation of SWIR detectors. Although the color content of the visible realm is uncaptured, SWIR images that are formed by light reflected by the objects observed can be interpreted as easily and directly as those in the visible realm.

Non-industrial vertical, by vertical, is expected to grow at the highest CAGR during the forecast period.

With an increasing demand from pharmaceuticals and medical industries, SWIR technology has seen a huge growth in applications such as scientific research and medical. SWIR technology is critical for every application mentioned and is widely used, which is expected to lead to the highest growth rate of the non-industrial vertical during the forecast period.

APAC, by region, is expected to grow at the highest CAGR during the forecast period.

APAC is set to witness the highest growth rate during the forecast period due to the numerous manufacturing capabilities of the region. The demand for SWIR technology is increasing in daily manufacturing operations and for reducing the manufacturing costs of products. SWIR detectors are used in the manufacturing process of electronics, food & beverage, and glass and security & surveillance. Considering the tensions between India, Pakistan, and China, the demand for SWIR technology is rising from the military & defense sector of these countries for installations at borders for monitoring and security applications.

 Shortwave Infrared (SWIR) Market by Region

Key market players

Key players in the SWIR market include Collins Aerospace (US), FLIR Systems (US), Xenics NV (Belgium), New Imaging Technologies (France), Allied Vision Technologies (Germany), and Hamamatsu Photonics K.K. (Japan). FLIR Systems is a well-known player for providing innovative and customized SWIR products. An impactful brand name and a large customer base are among the key factors that have resulted in the leading position of Collins Aerospace in the SWIR market. Additionally, the company has strong R&D capabilities and geographic presence. Xenics focuses on strategies such as product launches and developments to strengthen its product portfolio and maintain its position in the SWIR market.

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Scope of the Report

Report Metric

Details

Market size available for years

2017–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD)

Segments covered

Scanning Type, Technology, Material, Vertical Application, and Geography

Regions covered

North America, APAC, Europe, and RoW

Companies covered

Collins Aerospace (US), FLIR Systems (US), Xenics NV (Belgium), New Imaging Technologies (France), Allied Vision Technologies (Germany), Hamamatsu Photonics K.K. (Japan), Photon etc. (Canada), Teledyne Princeton Instruments (US), Sofradir Group (France), and Raptor Photonics (UK)

This research report categorizes the SWIR market based on offering, end-user application, and region.

SWIR Market, By Scanning Type

  • Area Scan
  • Line Scan

SWIR Market, By Technology

  • Cooled
  • Uncooled

SWIR Market, By Application

  • Security & Surveillance
  • Monitoring & Inspection
  • Detection

SWIR Market, By Vertical

  • Industrial
  • Non-industrial

SWIR Market, By Material

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

SWIR Market, By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Rest of Europe
  • Asia Pacific (APAC)
    • Japan
    • China
    • India
    • Rest of APAC
  • Rest of the World (RoW)
    • South America
    • Middle East & Africa

Recent developments

  • FLIR Systems (US) launched Ranger HDC MR, a high-definition camera that can detect illegal activities in poor weather conditions, using embedded analytics and image processing to reduce cognitive overload.
  • Xenics (Belgium) launched Wildcat 640, a new camera designed for applications such as semiconductor inspection, food sorting, plastic recycling, and laser-based processing.
  • New Imaging Technologies (France) launched the SWIR InGaAs component with a pitch of 7.5 μm, which allows manufacturing hybrid sensors with small pitches resulting in high yields at a reduced cost.

Critical questions answered by this report:

  • Where will all these developments take the industry in the mid to long term?
  • What are the emerging applications of SWIR?
  • How are advancements in consumer electronics and other verticals influencing the SWIR market?
  • Which type of equipment is expected to penetrate significantly in the SWIR market?
  • Which countries are expected to witness significant growth in the SWIR market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table OFCONTENTS
1INTRODUCTION
1.1Study Objectives
1.2Definition
1.2.1Inclusions and exclusions
1.3Study Scope
1.3.1Markets covered
Figure 1SWIR market segmentation
1.3.2Years considered for study
1.4Currency
1.5Limitations
1.6Stakeholders
2RESEARCH METHODOLOGY
2.1Research Data
Figure 2Process flow:SWIR market size estimation
Figure 3SWIR market:Research design
2.1.1Secondary data
2.1.1.1Key data from secondary sources
2.1.2Primary data
2.1.2.1Key data from primary sources
2.1.2.2Breakdown of primaries
2.2Market Size Estimation
Figure 4Bottom-up approach for SWIR market size estimation
Figure 5Estimation of SWIR cameras shipped
Figure 6Top-down approach for SWIR market size estimation
2.3Market Break down and DataTriangulation
Figure 7Data triangulation
2.4Assumptions for Research Study
3EXECUTIVE SUMMARY
Figure 8Impact of COVID-19 on SWIR market
Figure 9SWIR market, 2017–2025 (USD Million)
Figure 10SWIR market, by scanning type, 2020 & 2025 (USD Million)
Figure 11Uncooled segment to account for large size of SWIR market from 2020 to 2025
Figure 12Industrial segment to account for large size of SWIR market in 2020
Figure 13North America to account for large share of SWIR market in 2020
4PREMIUM INSIGHTS
4.1SWIR Market Expected to Witness Significant Growth from 2020 to 2025
Figure 14SWIR market expected to witness grow thowing to increasing demand for SWIR technology from industrial vertical
4.2SWIR Market, By Technology
Figure 15Cooled segment of SWIR market expected to growathig CAGR from 2020 to 2025
4.3SWIR Market, By Application
Figure 16Security and surveillance segment to account for largest size of SWIR market from 2020 to 2025
4.4SWIR Market, By Scanning Type
Figure 17Area scan segment to account for large size of SWIR market from 2020 to 2025
4.5SWIR Market, By Region
Figure 18US accounted for largest share of SWIR market in 2019
5MARKET OVERVIEW
5.1Introduction
Figure 19Value chain analysis: SWIR market
5.2Core Industry Segments for overall SWIR market
5.2.1Companies offering SWIR products
5.2.2Endusers
5.3Key Industry Trends
Table 1Mergers and acquisitions–major trends among key market players
5.4Pest Analysis
5.4.1Political factors
5.4.2Economic factors
5.4.3Social factors
5.4.4Technological factors
5.5Market Dynamics
Figure 20SWIR market dynamics
5.5.1Drivers
5.5.1.1Rise in use of SWIR cameras in machine vision applications
5.5.1.2Increase in penetration of SWIR cameras in military & defense vertical
5.5.1.3Surge in demand for SWIR cameras for use in multiple commercial applications
5.5.1.4Upgrades in technological features and characteristics of SWIR detectors
5.5.2Restraints
5.5.2.1Stringent regulations related to import and export of SWIR cameras
5.5.3Opportunities
5.5.3.1Rise in demand for SWIR cameras for use in new applications
5.5.4Challenges
5.5.4.1High manufacturing costs of SWIR cameras
5.6Impact of COVID-19 on SWIR Market
6MATERIALS USED IN SWIR TECHNOLOGY
6.1Introduction
Figure 21Types of materials used in SWIR cameras
6.2Indium Gallium Arsenide
6.2.1Increase in use of indiumgallium arsenide SWIR detectors in majority of thermal applications
6.3Indium Antimonide
6.3.1Surge in demand for indiumantimonide materials for use in live tracking and GPS applications
6.4Lead Sulfide
6.4.1Rise in disruptive applications of lead sulfide SWIR cameras in scientific research
6.5Mercury Cadmium Telluride
6.5.1Increase in use of mercury cadmium telluride SWIR detectors for monitoring and inspection applications
7SWIR market, BY SCANNING TYPE
7.1Introduction
Figure 22SWIR market, by scanning type
Figure 23Impact of COVID-19 on SWIR market, by scanning type
Table 2Pre-COVID-19 and Post-COVID-19 SWIR market, by scanning type, 2017–2025 (USD Million)
Table 3SWIR market, by scanning type, 2017–2025 (USD Million)
Figure 24Area scan segment to hold large size of SWIR market from 2020 to 2025
7.2Area Scan
7.2.1Increase in use of area-scan SWIR cameras for security and surveillance applications
Table 4SWIR market for area scan, by vertical, 2017–2025 (USD Million)
Table 5SWIR market for area scan, by region, 2017–2025 (USD Million)
7.3Line Scan
7.3.1Rise in impact of non-industrial vertical on SWIR market for line scan
Table 6SWIR market for line scan, by vertical, 2017–2025 (USD Million)
Table 7SWIR market for line scan, by region, 2017–2025 (USD Million)
8SWIR MARKET, BY TECHNOLOGY
8.1Introduction
Figure 25SWIR market, by technology
Figure 26Impact of COVID-19 on SWIR market, by technology
Table 8Pre-COVID-19 and Post-COVID-19 SWIR market, by technology, 2017–2025 (USD Million)
Figure 27Uncooled segment to account for large size of SWIR market from 2020 to 2025
Table 9SWIR market, by technology, 2017–2025 (USD Million)
8.2Cooled SWIR Technology
8.2.1Cooled SWIR cameras create clear images with high spectral filtering and improved magnification performance
8.3Uncooled SWIR Technology
8.3.1Uncooled SWIR cameras eliminate requirement of cryogenic cooling of imaging sensors installed in them
9SWIR MARKET, BY APPLICATION
9.1Introduction
Figure 28SWIR market, by application
Figure 29Impact of COVID-19 on SWIR market, by application
Table 10Pre-COVID-19 and Post-COVID-19 SWIR market, by application, 2017–2025 (USD Million)
Figure 30Security and surveillance segment to account for large size of SWIR market in 2025
Table 11SWIR market, by application, 2017–2025 (USD Million)
9.2Security and Surveillance
9.2.1Increase in investments in military & defense and commercial verticals to fuel growth of SWIR market from 2020 to 2025
Table 12SWIR market for security and surveillance, by vertical, 2017–2025 (USD Million)
Table 13SWIR market for security and surveillance, by region, 2017–2025 (USD Million)
Table 14SWIR market in North America for security and surveillance, by country, 2017–2025 (USD Million)
Table 15SWIR market in Europe for security and surveillance, by country, 2017–2025 (USD Million)
Table 16SWIR market in APAC for security and surveillance, by country, 2017–2025 (USD Million)
Table 17SWIR market in ROW for security and surveillance, by region, 2017–2025 (USD Million)
9.3Monitoring and Inspection
9.3.1Surge in use of indium gallium arsenide SWIR cameras in food & beverage and glass manufacturing industries
Table 18SWIR market for monitoring and inspection, by vertical, 2017–2025 (USD Million)
Table 19SWIR market for monitoring and inspection, by region, 2017–2025 (USD Million)
Table 20SWIR market in North America for monitoring and inspection, by country, 2017–2025 (USD Million)
Table 21SWIR market in Europe for monitoring and inspection, by country, 2017–2025 (USD Million)
Table 22SWIR market in APAC for monitoring and inspection, by country, 2017–2025 (USD Million)
Table 23SWIR market in ROW for monitoring and inspection, by region, 2017–2025 (USD Million)
9.4Detection
9.4.1Rise in adoption of SWIR cameras in different industries to ensure quality products
Table 24SWIR market for detection, by vertical, 2017–2025 (USD Million)
Table 25SWIR market for detection, by region, 2017–2025 (USD Million)
Table 26SWIR market in North America for detection, by country, 2017–2025 (USD Million)
Table 27SWIR market in Europe for detection, by country, 2017–2025 (USD Million)
Table 28SWIR market in APAC for detection, by country, 2017–2025 (USD Million)
Table 29SWIR market in ROW for detection, by region, 2017–2025 (USD Million)
10SWIR MARKET, BY VERTICAL
10.1Introduction
Figure 31SWIR market, by vertical
Figure 32impact of COVID-19 on SWIR market, by vertical
Table 30Pre-COVID-19 and Post-COVID-19 SWIR market, by vertical, 2015–2025 (USD Million)
Figure 33Non-industrial segment to hold large size of SWIR market in 2020
Table 31SWIR market, by vertical, 2017–2025 (USD Million)
10.2Industrial
Table 32SWIR market for industrial, by scanning type, 2017–2025 (USD Million)
Table 33SWIR market for industrial, by application, 2017–2025 (USD Million)
Table 34SWIR market for industrial, by region, 2017–2025 (USD Million)
Table 35SWIR market in North America for industrial, by scanning type, 2017–2025 (USD Million)
Table 36SWIR market in Europe for industrial, by scanning type, 2017–2025 (USD Million)
Table 37SWIR market in APAC for industrial, by scanning type, 2017–2025 (USD Million)
Table 38SWIR market in ROW for industrial, by scanning type, 2017–2025 (USD Million)
10.2.1Automotive
10.2.1.1Rise in adoption of SWIR cameras in wide range of applications in automotive industry
10.2.2Aerospace
10.2.2.1Surge in demand for SWIR cameras from aerospace vertical for use in enhanced vision systems
10.2.3Electronics & semiconductors
10.2.3.1Increase in use of SWIR cameras for in spection of quality of pure semiconductor materials
10.2.4Oil & gas
10.2.4.1Surge in demand for SWIR cameras to understandd imensions of oil wells and coalmines
10.2.5Food & beverages
10.2.5.1Rise in use of SWIR cameras for in-line food inspection through conveyor belts
10.2.6Glass
10.2.6.1Increase in use of SWIR cameras for imaging temperature gradients of glass products
10.2.7Others
10.3Non-industrial
Figure 34Security and surveillance segment to hold largest size of SWIR market for non-industrial from 2020 to 2025
Table 39SWIR market for non-industrial, by scanning type, 2017–2025 (USD Million)
Table 40SWIR market for non-industrial, by application, 2017–2025 (USD Million)
Table 41SWIR market for non-industrial, by region, 2017–2025 (USD Million)
Table 42SWIR market in North America for non-industrial, by scanning type, 2017–2025 (USD Million)
Table 43SWIR market in Europe for non-industrial, by scanning type, 2017–2025 (USD Million)
Table 44SWIR market in APAC for non-industrial, by scanning type, 2017–2025 (USD Million)
Table 45SWIR market in ROW for non-industrial, by scanning type, 2017–2025 (USD Million)
10.3.1Military & defense
10.3.1.1Surge in use of SWIR cameras in military & defense vertical to provide clear images
10.3.2Medical
10.3.2.1Emergence of new sub-applications of SWIR cameras in medical vertical
10.3.3Scientific research
10.3.3.1Increase in adoptionof SWIR products for scientific research
10.3.4Others
11GEOGRAPHIC ANALYSIS
11.1Introduction
Figure 35SWIR market in APAC to growathighest CAGR from 2020 to 2025
Table 46SWIR market, by region, 2017–2025 (USD Million)
11.2North America
Figure 36North America: SWIR market snapshot
Table 47SWIR market in North America, by country, 2017–2025 (USD Million)
Table 48SWIR market in North America, by scanning type, 2017–2025 (USD Million)
Table 49SWIR market in North America, by vertical, 2017–2025 (USD Million)
Table 50SWIR market in North America, by application, 2017–2025 (USD Million)
11.2.1US
11.2.1.1New technologies hold potential for SWIR products in US
Table 51SWIR market in US, by vertical, 2017–2025 (USD Million)
Table 52SWIR market in US,by application, 2017–2025 (USD Million)
11.2.2Canada
11.2.2.1Large manufacturing capabilities increase demand for SWIR products
Table 53SWIR market in Canada, by vertical, 2017–2025 (USD Million)
Table 54SWIR market in Canada, by application, 2017–2025 (USD Million)
11.2.3Mexico
11.2.3.1Signiantmedical and automobile verticals in Mexico driving market
Table 55SWIR market in Mexico, by vertical, 2017–2025 (USD Million)
Table 56SWIR market in Mexico, by application, 2017–2025 (USD Million)
11.3Europe
Figure 37Europe:SWIR market snapshot
Table 57SWIR market in Europe, by country, 2017–2025 (USD Million)
Table 58SWIR market in Europe, by scanning type, 2017–2025 (USD Million)
Table 59SWIR market in Europe, by vertical, 2017–2025 (USD Million)
Table 60SWIR market in Europe, by application, 2017–2025 (USD Million)
11.3.1UK
11.3.1.1Technological advancements disrupting market in UK
Table 61SWIR market in UK, by vertical, 2017–2025 (USD Million)
Table 62SWIR market in UK, by application, 2017–2025 (USD Million)
11.3.2Germany
11.3.2.1Automotive and military & defense verticals lead market in Germany
Table 63SWIR market in germany, by vertical, 2017–2025 (USD Million)
Table 64SWIR market in germany, by application, 2017–2025 (USD Million)
11.3.3France
11.3.3.1Food in spection and audit to drive market in France
Table 65SWIR market in France, by vertical, 2017–2025 (USD Million)
Table 66SWIR market in France, by application, 2017–2025 (USD Million)
11.3.4Rest of Europe (ROE)
Table 67SWIR market in Rest of Europe, by vertical, 2017–2025 (USD Million)
Table 68SWIR market in Rest of Europe, by application, 2017–2025 (USD Million)
Table 69SWIR market in Rest of Europe, by scanning type, 2017–2025 (USD Million)
11.4Asia Pacific (APAC)
Figure 38APAC: SWIR market snapshot
Table 70SWIR market in APAC, by country, 2017–2025 (USD Million)
Table 71SWIR market in APAC, by scanning type, 2017–2025 (USD Million)
Table 72SWIR market in APAC, by vertical, 2017–2025 (USD Million)
Table 73SWIR market in APAC, by application, 2017–2025 (USD Million)
11.4.1China
11.4.1.1Development of electronics and semiconductors to contribute to demand for SWIR detectors
Table 74SWIR market in China, by vertical, 2017–2025 (USD Million)
Table 75SWIR market in China, by application, 2017–2025 (USD Million)
11.4.2Japan
11.4.2.1Security and surveillanc eresponsible for rise in consumption of SWIR detectors
Table 76SWIR market in Japan, by vertical, 2017–2025 (USD Million)
Table 77SWIR market in Japan, by application, 2017–2025 (USD Million)
11.4.3India
11.4.3.1Significant demand for SWIR products from military & defense vertical
Table 78SWIR market in India, by vertical, 2017–2025 (USD Million)
Table 79SWIR market in India, by application, 2017–2025 (USD Million)
11.4.4Rest of APAC (ROAPAC)
Table 80SWIR market in Rest of APAC, by vertical, 2017–2025 (USD Million)
Table 81SWIR market in Rest of APAC, by application, 2017–2025 (USD Million)
11.5Restvof the World (ROW)
Figure 39ROW:SWIR market snapshot
Table 82SWIR market in ROW, by region, 2017–2025 (USD Million)
Table 83SWIR market in ROW, by scanning type, 2017–2025 (USD Million)
Table 84SWIR market in ROW, by vertical, 2017–2025 (USD Million)
Table 85SWIR market in ROW, by application, 2017–2025 (USD Million)
11.5.1South America
Table 86SWIR market in South America, by vertical, 2017–2025 (USD Million)
Table 87SWIR market in South America, by application, 2017–2025 (USD Million)
11.5.2Middle East and Africa
Table 88SWIR market in Middle East and Africa, by vertical, 2017–2025 (USD Million)
Table 89SWIR market in Middle East and Africa, by application, 2017–2025 (USD Million)
12COMPETITIVE LANDSCAPE
12.1Overview
Figure 40SWIR market top 5 companies (2020)
12.2Ranking Analysis: SWIR market
Figure 41Ranking of top 5 players in SWIR market (2019)
12.3Competitive Leadership Mapping, 2020
12.3.1Visionary leaders
12.3.2Innovators
12.3.3Dynamic differentiators
12.3.4Emerging companies
Figure 42SWIR market (global) competitive leadership mapping, 2020
12.4Strength of Product and Service Portfolio
Figure 43Product and service portfolio analysis of top players in SWIR market
12.5Business Strategy Excellence
Figure 44Business strategy excellence of top players inSWIR market
12.6Competitive Landscape and Trends
12.6.1Product launches
Table 90Product launches, 2019–2020
12.6.2Product developments
Table 91Product developments, 2019–2020
13COMPANY PROFILES
13.1Introduction
(Business Overview, Products / Solutions / Services Offered, Recent Developments, COVID-19-Related Recent Developments SWOT Analysis, and MnM View)*
13.2KeyPlayers
13.2.1COLLINSAEROSPACE
Figure 45COLLINSAEROSPACE :Company snapshot
13.2.2FLIR SYSTEMS, INC.
Figure 46FLIR SYSTEMS: Company snapshot
13.2.3XENICS NV
13.2.4NEW IMAGING TECHNOLOGIES
13.2.5ALLIED VISION TECHNOLOGIES GMBH
13.2.6RAPTOR PHOTONICS LIMITED
13.2.7LYNRED
13.2.8TELEDYNE PRINCETON INSTRUMENTS
13.2.9PHOTONETC.
13.2.10HAMAMATSU PHOTONICS K.K.
Figure 47HAMAMAT SUPHOTONICS K.K.:Company snapshot
13.2.11OPGAL OPTRONICS
13.2.12INTEVAC
Figure 48INTEVAC: Company snapshot
13.2.13INVIEW TECHNOLOGY CORPORATION
13.2.14SIERRA OLYMPIC TECHNOLOGIES
13.2.15FLUXDATA
*Business Overview, Products / Solutions / Services Offered, Recent Developments, COVID-19-Related Recent Developments SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
13.3Key Innovators
13.3.1IRCAMERAS LLC
13.3.2EPISENSORS, INC.
13.3.3PRINCETON INFRARED TECHNOLOGIES, INC.
13.3.4LEONARDO DRS
13.3.5INFRATEC
14APPENDIX
14.1Insights of Industry Experts
14.2Discussion Guide
14.3Knowledge Store:Markets and Markets’ Subscription Portal
14.4Available Customizations
14.5Related Reports
14.6Author Details

The study involved 4 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 the segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources were referred to for identifying and collecting information relevant for this study. These secondary sources include biometric technologies journals, magazines, and IEEE journals; 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 the supply and demand sides were interviewed to obtain qualitative and quantitative information pertinent to 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 a 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 and 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 were 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 were identified through extensive secondary research.
  • In terms of value, the industry’s supply chain and market size were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the global market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the market breakdown and data triangulation procedures were employed wherever applicable. The data was triangulated by studying various factors and trends identified from both the demand and supply sides—in government, scientific research, healthcare, automotive, and military & defense verticals.

Report Objectives

The following are the primary objectives of the study:

  • To define, describe, and forecast the SWIR market based on the testing method, offering, end-user application, and geography
  • To forecast the market size of various segments with respect to 4 main regions: North America, Europe, Asia Pacific, and Rest of the World
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To strategically profile the key players and comprehensively analyze their market ranking and core competencies, along with detailing the competitive landscape for market leaders
  • To analyze the competitive developments, such as agreements, contracts, partnerships, acquisitions, and product launches & developments, carried out in the SWIR market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5)
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