Shortwave Infrared Market to Grow by USD 119.47 million | Technavio

The shortwave infrared market will have Allied Vision Technologies GmbH, Ascendent Technology Group Inc., and Hamamatsu Photonics KK as major participants during the forecast period

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Dec 06, 2021, 05:30 ET

NEW YORK, Dec. 6, 2021 /PRNewswire/ -- The shortwave infrared market is driven by increased government investments in military devices, increased adoption of SWIR cameras in commercial applications, and increasing use of night vision cameras. The market is expected to grow by USD 119.47 million from 2021 to 2026. The growth momentum of the market is expected to accelerate at a CAGR of 9.69%.

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 Major Five Shortwave Infrared Market Participants:

  • Allied Vision Technologies GmbH: The company offers shortwave infrared products such as Goldeye CL-008 Cool TEC1, Goldeye CL-008 Cool TEC1, and Goldeye CL-008 TEC1.
  • Ascendent Technology Group Inc.: The company offers shortwave infrared products for military.
  • Hamamatsu Photonics KK: The company offers shortwave infrared products such as InGaAs photodiodes, InAs photovoltaic detectors, and InAsSb photovoltaic detectors.
  • Leonardo DRS Inc.: The company offers shortwave infrared products such as Cooled Thermal Camera Modules, Uncooled Thermal Camera Modules, and Uncooled LWIR Detectors.
  • Photonic Science and Engineering Ltd.: The company offers shortwave infrared products such as Cooled VGA SWIR InGaAs Camera and Cooled qVGA SWIR InGaAs Camera.

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Shortwave Infrared Market 2022-2026: Segmentation

  • Product
    • SWIR Area Camera
    • SWIR Linear Camera
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

By product, the SWIR area camera segment is expected to have significant market share growth during the forecast period. These cameras are simple to use and convenient for low and quick imaging applications.

By geography, APAC is expected to account for 46% of the market's growth during the forecast period, with China and Japan being the key countries. The growing demand for SWIR cameras and machine vision devices is expected to be the key driver for market growth in the region.               

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Shortwave Infrared Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 9.69%

Market growth 2022-2026

USD 119.47 million

Market structure

Fragmented

YoY growth (%)

7.04

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 46%

Key consumer countries

US, China, Germany, UK, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Allied Vision Technologies GmbH, Ascendent Technology Group Inc., Hamamatsu Photonics KK, Leonardo DRS Inc., New Imaging Technologies, Photonic Science and Engineering Ltd., Princeton Infrared Technologies Inc., Raytheon Technologies Corp., Teledyne Technologies Inc., and Xenics NV

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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