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Shortwave Infrared Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71481
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The shortwave infrared market share is expected to increase by USD 119.47 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.69%.

This shortwave infrared market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (SWIR area camera and SWIR linear camera) and geography (APAC, North America, Europe, South America, and MEA). The shortwave infrared market report also offers information on several market vendors, including 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, among others.

What will the Shortwave Infrared Market Size be During the Forecast Period?

Shortwave Infrared Market Size

Download the Free Report Sample to Unlock the Shortwave Infrared Market Size for the Forecast Period and Other Important Statistics

 

Shortwave Infrared Market: Key Drivers and Challenges

The increased government investments in military devices are notably driving the shortwave infrared market's growth, although factors such as the high cost of indium gallium arsenide (InGaAs) technology may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the shortwave infrared market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Shortwave Infrared Market Driver

Governments across the world are investing in next-generation technology in the military segment, mainly to provide military personnel with improved and accurate information. The rise in investments in military modernization will lead to an increase in the adoption of shortwave infrared cameras. SWIR cameras are widely used for intelligence, surveillance, and reconnaissance (ISR) in military and security applications. Thus, increasing defense spending worldwide is one of the key factors driving the shortwave infrared market share growth. 

Key Shortwave Infrared Market Challenge

SWIR cameras comprise various materials such as indium gallium arsenide (InGaAs). The InGaAs sensor architecture combines a silicon-based complementary metal-oxide-semiconductor (CMOS) readout circuit with an InGaAs photosensitive array that enhances the wavelength sensitivity of the camera. However, the process involved in combining these components is complex and time-consuming, thus, adding to the production cost. With the high cost of production of sensors that are based on InGaAs technology, the rate of adoption of SWIR cameras in gas and fire detection in the residential sector is low. Thus, high costs for both the technology and the components pose a challenge for vendors developing InGaAs SWIR cameras. 

This shortwave infrared market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Shortwave Infrared Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 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.
  • Xenics NV

 

This statistical study of the shortwave infrared market encompasses successful business strategies deployed by the key vendors. The shortwave infrared market is fragmented, and the vendors are deploying growth strategies such as pricing and marketing strategies to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The shortwave infrared market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Shortwave Infrared Market?

Shortwave Infrared Market Market segmentation by region

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46% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for shortwave infrared in APAC. Market growth in this region will be faster than the growth of the market in North America, Europe, South America, and MEA.

Market growth in APAC is attributed to the growing demand for SWIR cameras and machine vision devices. This region will show the fastest growth, as the transition from analog to digital devices is taking place at a rapid pace, which, in turn, will facilitate the shortwave infrared market's growth in APAC during the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Shortwave Infrared Market?

Shortwave Infrared Market Segmentation

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The shortwave infrared market share growth by the SWIR area camera segment will be significant during the forecast period. SWIR area cameras are best suited for applications where the object is stationary, even if only momentarily. They allow greater flexibility as a single image can be segmented into multiple regions or portions to look for specific objects. Their simplicity and ease of use make these cameras convenient for low and quick imaging applications, which, in turn, is contributing to their popularity in the market. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the shortwave infrared market size and actionable market insights on the post-COVID-19 impact on each segment.

 

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

The US, China, Germany, the UK, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key 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 recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

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What are the Key Data Covered in this Shortwave Infrared Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive the shortwave infrared market's growth during the next five years
  • Precise estimation of the SWIR market's size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the shortwave infrared industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of the SWIR market's vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • SWIR area camera - Market size and forecast 2021-2026
    • SWIR linear camera - Market size and forecast 2021-2026
    • Market opportunity by Product

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2021-2026
      • North America - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 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.
      • Xenics NV

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      Shortwave Infrared market growth will increase by $119.47 million during 2021-2026.
      The shortwave infrared market is expected to grow at a CAGR of 9.69% during 2021-2026.
      Technavio has segmented the shortwave infrared market by product (SWIR area camera and SWIR linear camera) and geographic (APAC, North America, Europe, South America, and MEA).
      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., Xenics NV are a few of the key vendors in the shortwave infrared market.
      APAC will register the highest growth rate of 45.90% among the other regions. Therefore, the shortwave infrared market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the shortwave infrared market growth are:
      • Increased government investments in military devices
      The shortwave infrared market vendors should focus on grabbing business opportunities from the swir area camera segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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