Shortwave Infrared (SWIR) Market by Camera, Lenses, Spectral Imaging, Area & Line Scan, Active & Passive Thermal Imaging, Pushbroom, Snapshot, Security & Surveillance, Monitoring & Inspection, Technology, Vertical and Region - Global Forecast to 2029
The global SWIR market is expected to be valued at USD 631 million in 2024 and is projected to reach USD 1,068 million by 2029 and grow at a CAGR of 11.1% from 2024 to 2029. In automotive, aerospace & defense, industrial, etc., the demand for SWIR imagers is fuelling market demand. Excellent in low-light conditions, SWIR reveals characteristics, such as moisture levels and material properties, that allow for detail-rich inspections and monitoring to take place. With the ability to capture accurate 3D images, this provides support to further advanced applications in robotics and automation, hence underlining the necessity of SWIR technology in any industry demanding high-quality, reliable data.
Scope of the Report
Years Considered for the Study
2020-2029
Base Year
2023
Forecast Period
2024-2029
Units Considered
Value (USD Million)
Segments
By Camera, Lenses, Spectral Imaging, Security & Surveillance, Monitoring & Inspection, Technology, Vertical and Region
Regions covered
North America, Europe, APAC, RoW
"Non-industrial to account for the highest market share by vertical in the SWIR market."
Industries like automotive and aerospace rely on calculated, precise quality control and inspection. With increased manufacturing and varied demands of the market, higher levels of precision are demanded, which can be catered by SWIR. These SWIR imagers provide the capabilities needed to meet the market requirements. Furthermore, increased automation in manufacturing is further set to fuel the growth of the SWIR market. SWIR allows quality control and the detecting of defects in electronics and semiconductors. For oil and gas applications, it monitors equipment and detects leaks. These features and performances make it strategic for such high-tech and safety-oriented industries.
"Security & surveillance by use case to account for second-highest CAGR in SWIR during the forecast period."
SWIR imagers are utilized by a few businesses like aviation, defense, investigative research facilities, and scientific research. They are highly regarded for identifying little disturbances in separations with high accuracy, vital to maintaining required levels. Businesses are progressively keeping up with the high benchmarks and quality control. Advanced imaging devices such as SWIR imagers are anticipated to drive market growth. SWIR cameras ensure superior imaging under low-light conditions and in adverse conditions. Therefore, they are highly effective in night-time or obscured surveillance applications. Growing security concerns automatically increase the demand for advanced surveillance solutions. SWIR technology enables detecting and identifying an object or a person in any setting-critical in security applications.
"Uncooled by technology to account second highest market share in SWIR market during the forecast period."
Businesses progressively are embracing SWIR in fabricating forms such as semiconductor creation and automotive building. SWIR offer higher quality control and inspection in measuring disturbances in separations, and positions, which are vital for fabricating forms keeping up quality benchmarks and compliances. As businesses work towards higher benchmarks and least resistances, demand for advanced imaging solutions is anticipated to rise booting showcase development.
"North American region growing at second highest CAGR in SWIR market."
The SWIR market in North America is projected to experience the second-highest CAGR mainly because of substantial investments in manufacturing technologies, particularly in the aerospace, defense, and automotive industries. The involvement of technology firms and research organizations also promotes the use of precise, advanced imaging tools. Moreover, the region's emphasis on automation and quality assurance contributes to the growing need for SWIR to maintain product precision and effectiveness.
The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
By Company Type: Tier 1 - 38%, Tier 2 - 28%, and Tier 3 - 34%
By Designation: C-level Executives - 40%, Directors - 30%, and Others - 30%
By Region: North America - 35%, Europe -35%, Asia Pacific - 20%, and RoW - 10%
The key players operating in the SWIR market are Collins Aerospace (US), Corning Incorporated (US), Allied Vision Technologies GmbH (Germany), Teledyne FLIR LLC (US), and Leonardo DRS (US), and others.
Research Coverage:
The research reports the SWIR market has been segmented based on imaging type, by offering, by technology, by use-case, by vertical, and by region. Based on imaging type, the market has been segmented into spectral, thermal, and hyperspectral imaging. Based on offering, the market has been segmented into modules, cameras, and others. Based on technology, the market has been segmented into cooled and uncooled. Based on the case, the market has been segmented into security & surveillance, monitoring & inspection, and detection. Based on vertical, the market has been segmented into industrial and non-industrial. The market by region has been segmented into North America, Europe, Asia Pacific, and RoW.
The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the retail automation market. A detailed analysis of the key industry players has been done to provide insights into their business overviews, products, key strategies, contracts, partnerships, and agreements. New product & and service launches, mergers and acquisitions, and recent developments associated with the SWIR market have been covered in the report. This report covers a competitive analysis of upcoming startups in the SWIR market ecosystem.
Key Benefits of Buying the Report
Analysis of key drivers (Enhanced vision and 3D sensing by SWIR in automotive vertical, Rising security concerns), restraints (Less signal-to-noise ratio of SWIR Cameras, temperature influence on image quality), opportunities (Use in disaster management and response, Potential of SWIR in smartphones), and challenges (Lower resolution and pixel count of SWIR imagers, Fundamental limits in FOV) influencing the growth of the SWIR market.
Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the SWIR market.
Market Development: Comprehensive information about lucrative markets - the report analyses the SWIR market across varied regions.
Market Diversification: Exhaustive information about new products/services, untapped geographies, recent developments, and investments in the SWIR market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Collins Aerospace (US), Teledyne FLIR LLC (US), Leonardo DRS (US), Allied Vision Technologies (Germany), and Corning Incorporated (US), etc.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED AND REGIONAL SCOPE
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 List of key secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 List of primary interview participants
2.1.3.2 Breakdown of primaries
2.1.3.3 Key data from primary sources
2.1.3.4 Key industry insights
2.2 MARKET SIZE ESTIMATION METHODOLOGY
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to arrive at market size using bottom-up analysis (demand side)
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to arrive at market size using top-down analysis (supply side)
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 RESEARCH LIMITATIONS
2.6 RISK ANALYSIS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SWIR MARKET
4.2 SWIR MARKET, BY INDUSTRY
4.3 SWIR MARKET, BY USE CASE
4.4 SWIR MARKET, BY IMAGING TYPE
4.5 SWIR MARKET IN NORTH AMERICA, BY IMAGING TYPE AND COUNTRY
4.6 SWIR MARKET, BY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Mounting demand for smart vehicles and automation solutions
5.2.1.2 Rising adoption of security measures to prevent theft and terrorism
5.2.1.3 Increasing deployment of advanced technologies to meet food safety standards
5.2.2 RESTRAINTS
5.2.2.1 Low signal-to-noise ratio of images taken by SWIR cameras
5.2.2.2 High sensitivity to temperature changes
5.2.3 OPPORTUNITIES
5.2.3.1 Rising need for advanced tools to improve situational awareness
5.2.3.2 Integration of SWIR technology into smartphones
5.2.4 CHALLENGES
5.2.4.1 Lower resolution and pixel count of SWIR images
5.2.4.2 Limitations associated with optics and sensor design
5.3 VALUE CHAIN ANALYSIS
5.4 ECOSYSTEM ANALYSIS
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.6 PRICING ANALYSIS
5.6.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY OFFERING
5.6.2 INDICATIVE PRICING TREND, BY IMAGING TYPE
5.6.3 INDICATIVE PRICING TREND, BY REGION
5.7 TECHNOLOGY ANALYSIS
5.7.1 KEY TECHNOLOGIES
5.7.1.1 Indium gallium arsenide (InGaAs)
5.7.2 COMPLEMENTARY TECHNOLOGIES
5.7.2.1 Thermal management systems
5.7.2.2 Cloud
5.7.3 ADJACENT TECHNOLOGIES
5.7.3.1 Mid-wave infrared (MWIR) imaging cameras
5.7.3.2 Long-wave infrared (LWIR) imaging cameras
5.8 PORTER'S FIVE FORCES ANALYSIS
5.8.1 THREAT OF NEW ENTRANTS
5.8.2 THREAT OF SUBSTITUTES
5.8.3 BARGAINING POWER OF SUPPLIERS
5.8.4 BARGAINING POWER OF BUYERS
5.8.5 INTENSITY OF COMPETITIVE RIVALRY
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.9.2 BUYING CRITERIA
5.10 CASE STUDY ANALYSIS
5.10.1 RESEARCHERS ADOPT ALLIED VISION TECHNOLOGIES' GOLDEYE SWIR CAMERAS TO ANALYZE WATER ABSORPTION
5.10.2 PHARMACEUTICALS INDUSTRY USES PROPHOTONIX'S COBRA HYPERSPEC IMAGING SOLUTIONS TO IDENTIFY EMPTY BLISTERS AND FOREIGN PILLS