Shortwave Infrared (SWIR) Market

Sensors Unlimited (US) and FLIR Systems (US) are the Major Players in the Shortwave Infrared (SWIR) Market

The shortwave infrared (SWIR) spectrum typically ranges from wavelengths of 1 to 3 ìm. For imaging in this range, SWIR cameras are required that can convert the radiations of objects in the SWIR range to a measurable form. The SWIR market is expected to be valued at USD 147 million in 2018 and is likely to reach USD 258 million by 2024, at a CAGR of 9.87% during the forecast period. The high demand for SWIR cameras from the military and defense sector is among the major factors driving the SWIR market. Military & defense is among the first few verticals that witnessed the usage of SWIR cameras. The ability of SWIR cameras to see through harsh environments, such as fog, smoke, haze, and water vapor, has resulted in the high usage of SWIR cameras for a number of applications, such as marine intelligence, surveillance, and vision enhancement, in the military & defense vertical.

Major players in the SWIR market have primarily adopted the strategy of product launches to strengthen their product portfolios and expand the reach of their offerings to new clients. For instance, in April 2018, Allied Vision Technologies (Germany) expanded its Goldeye camera family with the launch of 2 new InGaAs camera models for short-wave infrared—Goldeye G/CL-033 TECless and Goldeye G/CL-008 Cool TEC1. In March 2018, New Imaging Technologies (France) also expanded its SWIR camera product portfolio with the launch of WiDy SenS, a new SWIR camera. Besides product launches, contracts, agreements, partnerships, and expansions were other key strategies adopted by companies to grow in the SWIR market.

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Sensors Unlimited (US) and FLIR Systems (US) are among the major players in the SWIR market. Sensors Unlimited is well known for its SWIR imaging solutions and InGaAs technology products. Its leading position in the SWIR market can be attributed to its strong product portfolio of SWIR cameras, consisting of both area scan cameras and line scan cameras. The company is further strengthening its product portfolio by introducing new products. In 2016, the company launched Micro-SWIR 640CSX Camera—a rugged, lightweight, and low-cost SWIR camera; and in 2015, the company introduced two new SWIR products—320-MicroSWIR camera and GL2048R camera. Besides extensive product portfolio, the company’s strong brand image and wide geographic reach have helped in attaining a leading position in the SWIR market.

FLIR Systems’s experience of over 35 years in the infrared imaging industry, coupled with its strong brand image and sales and distribution network, has helped it gain a prominent position in the SWIR market. The company is very active in the North American market, especially in the US, and in 2017, the US accounted for a significant portion of its revenue. Contract and product launches were the key strategies adopted by the company to strengthen its position in the SWIR market. For instance, in January 2017, the company launched FLIR A6260sc SWIR camera, which has applications for research scholars and scientists. This product launch seeks to cater to the demand for SWIR cameras from the research community.

Related Reports:

Shortwave Infrared (SWIR) Market by Scanning Type (Area Scan and Line Scan), Technology (Cooled and Uncooled), Vertical (Industrial, Commercial, Military & Defense, Medical, Scientific Research), and Geography - Global Forecast to 2023

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Report Code
SE 4173
RI Published ON
1/18/2019
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