SWIR Market Lighting Up

According to the MarketsandMarkets’ research report, “Shortwave Infrared (SWIR) Market by Scanning Type (Area Scan and Line Scan), Technology (Cooled and Uncooled), Application (Security & Surveillance, Monitoring & Inspection, and Detection), Vertical, and Geography - Global Forecast to 2024”, the SWIR market is expected to be worth $147 million in 2018 and reach $258 million by 2024, at a CAGR of 9.87%. Conservative gains, but indicative of future expansion. As per the research firm, growth of this market can be attributed to the high demand for SWIR cameras from the nonindustrial vertical, especially from the military and defense sector for security and surveillance applications.

 

Report Findings

Industry Event

Sensors Expo & Conference

Register now and save with Early Bird Rates – Limited Passes Available!

North America’s can’t-miss event dedicated to sensors, connectivity, and IoT will take place this June 22-24 in San Jose, CA. Attendees can make connections, collaborate with experts & peers, get insight into emerging technology & trends, and find new approaches to evergreen challenges. Use promo code FE100 for $100 off Conference Passes.
  • Uncooled segment to hold larger share of SWIR market in 2018
  • Market for monitoring & inspection application to grow at highest CAGR during forecast period
  • North America is expected to hold the largest share of the SWIR market in 2018.
  • Key players operating in the SWIR market are Sensors Unlimited (US), FLIR Systems (US), Xenics (Belgium), New Imaging Technologies (France), Allied Vision Technologies (Germany), Sofradir (France), Raptor Photonics (UK), Hamamatsu Photonics K.K. (Japan), and Opgal Optronic Industries (Israel). 

Need more visible light on the topic? Checkout the “Shortwave Infrared (SWIR) Market” report.

 

MarketsandMarkets

Northbrook, IL

888-600-6441

[email protected]   

https://www.marketsandmarkets.com  

Suggested Articles

“Our moonwalk equivalent,” is how one National Instruments worker describes the colossal effort to provide hundreds of thousands of ventilators.

With pressure to keep costs low and achieve rapid scale-up, interdisciplinary teams are coming together to determine what features matter most.

While a number of semi makers saw their stock prices drop on Friday, the prior three days of market growth helped their outlook.