Global Shortwave Infrared (SWIR) Market is valued approximately USD 161.50 million in 2019 and is anticipated to grow with a healthy growth rate of more than 9.60 % over the forecast period 2020-2027.
Shortwave Infrared (SWIR) is a small wavelength approach that uses emitted and reflected light which offers enhanced image resolution. This technology is widely used in various industrial applications such as military, industrial and civil application due to its distinctive features such as high resolution, high sensitivity and day-to-night imaging and able to see covert beacons and lasers. In addition, shortwave infrared (SWIR) finds its application in variety of application such as proceed quality control, electric board inspection, anti-counterfeiting, identifying and sorting and more. Technological advancements of various industrial applications drive the growth of shortwave infrared camera market over the forecast period of 2019-2026. Stringent government regulations related to export and import of SWIR cameras is hampering the growth of this market. Further, the key players are focusing on strategies such as product launch, innovation and merger & acquisition to sustain themselves amidst fierce competition. For Instance: in June 2019, Hamamatsu Photonics introduced its new InGaAs area image hyperspectral cameras capable pf detecting short-wavelength-infrared light.
The regional analysis of global Shortwave Infrared (SWIR) market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region as Shortwave Infra-Red (SWIR) have found application in several operational processes across the U.S. industrial landscape along with the presence of some of the major manufacturers and a lucrative end-user market as well. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
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