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Key players in the SWIR market include Collins Aerospace (US), FLIR Systems (US), Xenics NV (Belgium),

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Key players in the SWIR market include Collins Aerospace (US), FLIR Systems (US), Xenics NV (Belgium),

June 15
17:20 2020

Shortwave infrared (SWIR) technology helps the user understand the temperature of any body or surface with ease and without making any physical contact. SWIR manufacturers are coming up with newer technologies to cater to numerous applications where SWIR technology can be used to inspect, detect, and monitor the products to ensure the safety and reliability of the product for the user. The SWIR market is projected to grow from USD 192 million in 2020 to USD 278 million by 2025, at a CAGR of 9.5%. The growing demand for line-scan SWIR cameras for machine vision applications is one of the leading factors driving market growth. Additionally, factors such as technological advancements in SWIR detectors and demand for SWIR cameras in military & defense and commercial applications are also fueling the growth of the market. However, the high costs of SWIR cameras pose a challenge for market growth.

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Major players in the SWIR market have primarily adopted strategies such as product launches and product developments to strengthen their position in the market.

·         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.

 

FLIR Systems’ (US) experience of over 40 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. FLIR Systems also has a strong hold on the US market and can strengthen its grip on other regions using its strong product portfolio and brand image. With a plethora of products in its portfolio, FLIR Systems caters to its customers from varied verticals, such as military & defense, construction, energy & utility, transportation, and industrial manufacturing.

Xenics (Belgium) has a strong product portfolio, consisting of more than 20 products related to SWIR technology, and is further strengthening it by launching products and enhancing its existing products. In 2019, the company launched a version of its SWIR camera series—“Manx SQ series”—which is the fastest InGaAs line camera in the world. In 2020, Xenics launched its small, high performing with low noise SWIR camera—Wildcat series. The company also has a wide geographic reach with its distributors and representatives located across all the major regions, including North America, Latin America, Europe, the Middle East and Africa, and APAC.

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New Imaging Technologies (France) focuses on developing high-speed SWIR cameras with applications in the industrial and military & defense verticals. The company’s TEC series SWIR cameras are compact and offer advantages in terms of a minimal loss of data while image capturing. The company has a strong foothold in the European region, with distribution channels in more than 30 countries. The company also caters to regions such as North America, South America, APAC, and the Middle East. Additionally, the company focuses on partnerships with regional players to increase its global presence.

The report “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″, is projected to grow from USD 177 million in 2020 to USD 279 million in 2025, at a CAGR of 9.6%. The growth can be attributed to 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.

Browse 91 market data Tables and 48 Figures spread through 154 Pages and in-depth TOC on “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”
View detailed Table of Content here – https://www.marketsandmarkets.com/Market-Reports/shortwave-ir-market-52975079.html

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

Line-scan SWIR technology enables users to see beyond the visible spectrum; it also helps in scanning the object/body line by line, thereby helping in covering the whole area of the object, thus providing an accurate image of the object. Line-scan SWIR detectors are highly used in manufacturing to find out flaws and rectify them before delivery.

Security & surveillance, by application type, is expected to account for the largest market share during the forecast period

SWIR imagers are complimentary to thermal imagers when it comes to vision enhancement and low visibility in poor weather conditions. Imagery in the SWIR technology is similar to visible imagery, in that it senses reflected light; thus, interpretation and scene analysis is better than thermal systems. Thermal imagers have good detection abilities, and such imagers are a good complement to SWIR technology. While thermal imaging can detect the presence of a warm object against a cool background, a SWIR detector can actually identify what that object is (for instance, ships, vehicles, or personnel).

Uncooled SWIR, by technology, is expected to account for the largest market share during the forecast period

In the uncooled SWIR technology, the infrared-detecting elements are contained in a unit that functions at ambient temperature. The common type of thermal imaging devices—uncooled systems—operates quietly and can be activated immediately. The other advantages of uncooled SWIR technology are its long service life and low sensitivity to light exposure, as well as the use of vanadium oxide resistors.

North America, by region, is expected to account for the largest market share during the forecast period

One of the major reasons for North America’s domination of the market is the presence of several prominent military & defense, scientific research, and medical players, which is generating demand for SWIR cameras. As North America is the largest producer of weapons and ancillaries, SWIR products are one of the important technologies being marketed. Moreover, several companies offering SWIR cameras are present in this region, which further adds to the growth of the SWIR market in North America.

A few key players operating in the North America SWIR market are 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), and Teledyne Princeton Instruments (US).

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