Global Shortwave Infrared Market

Shortwave Infrared Market Size, Share, Growth Analysis, By Wavelength Range(Short Wavelength Infrared (SWIR): 1.4 - 1.8 micrometers, Mid-Wavelength Infrared (MWIR): 1.8 - 3 micrometers), By Applications(Defense and Security, Industrial Manufacturing, Imaging of biological tissue, and Agriculture), By Components(SWIR Cameras, SWIR Sensors, and SWIR Modules), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45H2062 | Region: Global | Published Date: April, 2024
Pages: 197 |Tables: 90 |Figures: 76

Shortwave Infrared Market Insights

Global Shortwave Infrared Market size was valued at USD 181.53 billion in 2022 and is poised to grow from USD 197.32 billion in 2023 to USD 384.60 million by 2031, growing at a CAGR of 8.7% in the forecast period (2024-2031).

In recent years, the Shortwave Infrared market globally has in recent times experienced a change in consumer preferences and demands mainly on its diverse uses in an array of sectors. SWIR technology that operates in wavelengths ranging between 1.4 and 3 microns has emerged useful in fields such as defense and security industry, mechanical industry, medical area, among others. This market has been dominated by the industry with several applications in defence and security. Night vision, surveillance, and target detection use SWIR cameras and sensors. Defense application of the technology comes about due to the penetrating power that enables it to overrun such weather conditions as fog and smoke. Continuous efforts are aimed at improving efficacy while minimizing expenses associated with SWIR detectors. Adoption will also widen in industries as technological progress is anticipated; for example, more miniature and less expensive SWIR cameras will emerge.

The SWIR market can experience rapid growth but this may be hindered by factors like high startup costs as well as low consumer understanding. The market is thus expected to increase in relation to addressing these challenges and making people aware of the advantages of SWIR technology. Besides, in industrial applications, SWIR imaging is used during quality control and for inspection purposes. Its capability to identify defects in materials that are not visible to the human eye is crucial for ensuring the integrity of manufacturing processes.

Market Snapshot - 2024-2031

Global Market Size

USD 181.53 billion

Largest Segment

Defense and Security

Fastest Growth

Industrial Manufacturing

Growth Rate

8.7% CAGR

Global Shortwave Infrared Market ($ Bn)
Country Share for North America Region (%)

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Shortwave Infrared Market Segmental Analysis

The global Shortwave Infrared market is segmented into four major segments Wavelength Range, Applications, Components, and region. Based on Wavelength Range, it is divided into Short Wavelength Infrared (SWIR): 1.4 - 1.8 micrometers, Mid-Wavelength Infrared (MWIR): 1.8 - 3 micrometers. Based on Applications, it is bifurcated into Defense and Security, Industrial Manufacturing, Imaging of biological tissue, Agriculture. Based on Components it is segregated into SWIR Cameras, SWIR Sensors, SWIR Modules. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.

Analysis by Wavelength

In most cases MWIR (1.8 – 3 micrometers) has been dominant in the market due to the existing trends, technological advancement and needs by the end-user. In addition, in military and security applications the MWIR can be better suited due to having higher quality images than those of the SWIR which will be economical for the industry.

The trend is mainly affected by emerging applications, technology and manufacturing processes as it pertains to the SWIR which is the fastest growing wavelength region. Increased use in industry for quality control and inspection, and expanding application in medical areas including diagnosis that avoids invasiveness.

Analysis by Application

The short wave infrared industry which has been dominated by defense and security applications since their evolutionary growth and the need of the industry. SWIR's capability of working under poor lighting conditions is relevant for the applications of the army and defence because it gives improved night vision. It is also useful as a surveillance tool because of its ability to cut right through cloudy weather such as fog and smoke

The fastest growing industrial manufacturing segments are susceptible to emerging applications, and evolving technology. As the use of SWIR in semiconductor manufacture and electronics advances, it has been demonstrated to improve quality control and identify defects. Owing to demand for more accurate and effective manufacturing processes, this is a highly growing segment. One of the main drivers of this segment is the SWIR’s ability to detect non-visible defects. Machine vision in the manufacturing processes is possible when a machine can see through some of the materials that are opaque or reflective.

Global Shortwave Infrared Market By Application, 2022 (%)

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Shortwave Infrared Market Regional Insights

The shortwave infrared market in North America has been dominating since there are leading technology companies, defence sectors and emphasis placed on R&D. Several of these leading technology corporations and related R&D institutions are based within this region, which fuels innovation in SWIR technology development. The incorporation of SWIR into military application is influenced by strong defence and security budgets.

As there are more industries that use technology in this fastest growing region of Asia Pacific. There has been an increase in defense budgets for some countries within Asia Pacific thus creating a market for SWIR applied in defense as well as security. The area, especially the nations such as China and Japan, has shown increased production hence requiring more SWIR in the manufacturing industries.

Global Shortwave Infrared Market By Region, 2024-2031
  • Largest
  • Fastest

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Shortwave Infrared Market Dynamics

Drivers

Increasing Demand for Advanced Imaging Technologies

  • One of the major drivers involves the escalating demand for cutting edge imaging technology in defence and security. This makes SWIR an important technology for night vision, surveillance, and target detection in defence industries across the globe. Another factor leading to increased demand includes the increasing application of SWIR in industrial production particularly for the purpose of quality control or inspection processes. Improved manufacturing processes across different industries like semiconductor manufacturing and electronics due to its capability to detect faults and offer high resolution images.

Restraints

High Initial Cost Associated with SWIR Technology

  • The expensive upfront investment needed for SWIR technology is one of the major market restraints. Complicated materials and manufacturing processes of SWIR camera and sensor make production cost high leading to unreachable to many possible users. Besides, little information on SWIR advantages might hinder the industry acceptance. It could prove detrimental for industries that have yet to exploit the benefits of SWIR on such aspects as night vision, surveillance, and inspection during manufacture.

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Shortwave Infrared Market Competitive Landscape

It has a very dynamic competitive environment involving both the existing players in this sector and startup organizations, which make it have a dynamic and evolving industrial market setting. The existing entities mostly develop advanced SWIR technologies with their high research and development potential to keep ahead. At the same time, the emergence of startup ventures and smaller players targeting specific applications or technology enhancements is evident in the market.

Top Player’s Company Profiles

  • FLIR Systems, Inc. (US)
  • Raytheon Technologies (US)
  • Leonardo DRS (US)
  • Safran Electronics & Defense (France)
  • Thales Group (France)
  • L3 Harris Technologies (US)
  • Hanwha Systems (South Korea)
  • Elbit Systems (Israel)
  • Jenoptik AG (Germany)
  • Teledyne Technologies Incorporated (US)
  • AMETEK, Inc. (US)
  • IRISS Ltd. (UK)
  • Lynred (France)
  • X2000, Inc. (US)
  • Guide Infrared (UK)
  • Vumsa (South Africa)
  • First Light Imaging (Australia)
  • Photonics Systems Group (UK)
  • Cedip Infrared (France)
  • Indigo Optics (France)

Recent Developments

  • In March 2024, the latest FXO cameras offer dependable solutions for intricate inspection needs across diverse sectors, including semiconductors, batteries, glass, laser and gemstone examination, recycling, and research and development. 
  • In January 2024, Sidus Space, a versatile Space and Data-as-a-Service firm, reaches significant milestones in its Artificial Intelligence (AI) and hardware contracts as it readies for the launch of its satellite constellation slated for March 2024. LizzieSat-1 is set to be part of SpaceX’s Transporter-10 mission, launching from Vandenberg Space Force Base in California. 
  • In January 2024, A recent study unveiled a novel high-performance SWIR image sensor built on non-toxic colloidal quantum dots. Shortwave infrared (SWIR) refers to a wavelength range from 900 nm to 2500 nm, far surpassing the visible spectrum, which spans from 400 nm to 700 nm. SWIR imaging necessitates sensors capable of functioning within this extended range.

Shortwave Infrared Key Market Trends

  • Rising Demand for SWIR Technology in (UAVs): The escalating demand for SWIR era in unmanned aerial motors (UAVs) and autonomous systems. The integration of SWIR sensors in these programs enhances capabilities consisting of surveillance, target recognition, and navigation, contributing to the proliferation of superior self sufficient technology. Additionally, there may be a discernible surge in the adoption of SWIR imaging for agricultural functions, because it proves instrumental in monitoring crop health, optimizing irrigation, and facilitating precision agriculture.

Shortwave Infrared Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

Global Shortwave Infrared market evaluation exhibits a dynamic marketplace with a number of standout developments and problems. The market is propelled with the aid of a growing call for defense and industrial packages due to its night vision and nice control skills. However, excessive initial costs and restrained attention pose restraints. The marketplace witnesses a surge in SWIR digital camera adoption, pushed through advancements in the uncooled generation.

North America dominates the market due to substantial defense spending, at the same time as the Asia-Pacific vicinity emerges as the fastest-growing market because of rising industrialization. Key traits encompass the combination of SWIR technology in autonomous systems and the miniaturization of components, improving portability and accessibility across numerous sectors.

Report Metric Details
Market size value in 2022 USD 181.53 billion
Market size value in 2031 USD 384.60 million
Growth Rate 8.7%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Wavelength Range
    • Short Wavelength Infrared (SWIR): 1.4 - 1.8 micrometers, Mid-Wavelength Infrared (MWIR): 1.8 - 3 micrometers
  • Applications
    • Defense and Security, Industrial Manufacturing, Imaging of biological tissue, and Agriculture
  • Components
    • SWIR Cameras, SWIR Sensors, and SWIR Modules
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • FLIR Systems, Inc. (US)
  • Raytheon Technologies (US)
  • Leonardo DRS (US)
  • Safran Electronics & Defense (France)
  • Thales Group (France)
  • L3 Harris Technologies (US)
  • Hanwha Systems (South Korea)
  • Elbit Systems (Israel)
  • Jenoptik AG (Germany)
  • Teledyne Technologies Incorporated (US)
  • AMETEK, Inc. (US)
  • IRISS Ltd. (UK)
  • Lynred (France)
  • X2000, Inc. (US)
  • Guide Infrared (UK)
  • Vumsa (South Africa)
  • First Light Imaging (Australia)
  • Photonics Systems Group (UK)
  • Cedip Infrared (France)
  • Indigo Optics (France)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Shortwave Infrared Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Shortwave Infrared Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Shortwave Infrared Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Shortwave Infrared Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Shortwave Infrared Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Shortwave Infrared Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Shortwave Infrared Market size was valued at USD 181.53 billion in 2022 and is poised to grow from USD 197.32 billion in 2023 to USD 384.60 million by 2031, growing at a CAGR of 8.7% in the forecast period (2024-2031).

It has a very dynamic competitive environment involving both the existing players in this sector and startup organizations, which make it have a dynamic and evolving industrial market setting. The existing entities mostly develop advanced SWIR technologies with their high research and development potential to keep ahead. At the same time, the emergence of startup ventures and smaller players targeting specific applications or technology enhancements is evident in the market. 'FLIR Systems, Inc. (US)', 'Raytheon Technologies (US)', 'Leonardo DRS (US)', 'Safran Electronics & Defense (France)', 'Thales Group (France)', 'L3 Harris Technologies (US)', 'Hanwha Systems (South Korea)', 'Elbit Systems (Israel)', 'Jenoptik AG (Germany)', 'Teledyne Technologies Incorporated (US)', 'AMETEK, Inc. (US)', 'IRISS Ltd. (UK)', 'Lynred (France)', 'X2000, Inc. (US)', 'Guide Infrared (UK)', 'Vumsa (South Africa)', 'First Light Imaging (Australia)', 'Photonics Systems Group (UK)', 'Cedip Infrared (France)', 'Indigo Optics (France)'

One of the major drivers involves the escalating demand for cutting edge imaging technology in defence and security. This makes SWIR an important technology for night vision, surveillance, and target detection in defence industries across the globe. Another factor leading to increased demand includes the increasing application of SWIR in industrial production particularly for the purpose of quality control or inspection processes. Improved manufacturing processes across different industries like semiconductor manufacturing and electronics due to its capability to detect faults and offer high resolution images.

Rising Demand for SWIR Technology in (UAVs): The escalating demand for SWIR era in unmanned aerial motors (UAVs) and autonomous systems. The integration of SWIR sensors in these programs enhances capabilities consisting of surveillance, target recognition, and navigation, contributing to the proliferation of superior self sufficient technology. Additionally, there may be a discernible surge in the adoption of SWIR imaging for agricultural functions, because it proves instrumental in monitoring crop health, optimizing irrigation, and facilitating precision agriculture.

The shortwave infrared market in North America has been dominating since there are leading technology companies, defence sectors and emphasis placed on R&D. Several of these leading technology corporations and related R&D institutions are based within this region, which fuels innovation in SWIR technology development. The incorporation of SWIR into military application is influenced by strong defence and security budgets.

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