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
[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.
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.
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.
Scope of the Report
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Report Metric |
Details |
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Market size available for years |
2017–2025 |
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Base year considered |
2019 |
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Forecast period |
2020–2025 |
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Forecast units |
Value (USD) |
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Segments covered |
Scanning Type, Technology, Material, Vertical Application, and Geography |
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Regions covered |
North America, APAC, Europe, and RoW |
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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 ìm, 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?
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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.
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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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