Press Release

Global SWIR Cameras Market is Expected to Reach US$ 118.4 Mn by 2025

Date : Aug 22, 2018

The SWIR Cameras market was valued at USD 118.4 Million in 2017 and is expected to reach USD 194.2 Million by 2023, at a CAGR of 8.60% during the forecast period. The growth of this market is being propelled by the growing demand for SWIR Cameras, especially from industrial, military and defense, commercial, and scientific research verticals. Some of the major applications for which SWIR Cameras are used in these verticals include solar cell inspection, night vision enhancement, moisture detection, camouflage detection, silicon wafer inspection, and surveillance.

Global SWIR Cameras Market: Market Driver and Restraint

Infrared imaging opens endless possibilities for industrial, scientific and security image-processing applications. But short-wave infrared cameras must overcome the limitations of InGaAs sensor technology to provide high-quality images.

Conventional imaging sensors such as CCD or CMOS have a wider sensitivity range than the human eye, especially in the near-infrared area. They reveal more than the bare eye can see. For example, an easy way to check if an infrared remote control is working is to operate it in front of a digital camera. The IR signal is visible on the image as a flash of light.

Other sensor technologies make it possible to image deeper into the infrared spectrum – but that spectrum is far wider than the visible range. It is therefore commonly divided into subcategories that require different imaging technologies. The wavelength definition of these categories is not normed but is widely accepted within the imaging sensor industry.

The high price of SWIR Cameras compared with other substitute technologies available in the market has hampered the widespread application of these cameras. However, a number of key players are focusing on lowering the cost of SWIR Cameras through several modifications, such as by reducing their size and decreasing power consumption, innovating detector technology, and reducing the cost involved in packaging, electronics, and optics.

Global SWIR Cameras Market: Forecast by Application

The industrial vertical accounted for the largest share of the overall SWIR Cameras market. The high adoption of SWIR Cameras in this vertical for various applications, including semiconductor inspection, thermography, and solar cell inspection, has led to the dominance of the industrial vertical in the SWIR Cameras market.

Global SWIR Cameras Market: Forecast by Form

The report segments the SWIR Cameras market on the basis of scanning type, technology, vertical, and geography. The said market is expected to be led by uncooled SWIR Cameras during the forecast period. The high popularity of these cameras can be attributed to their low cost in comparison with cooled SWIR Cameras.

Global SWIR Cameras Market: Forecast by Region

North America held the largest size of the SWIR Cameras market in 2016 and is expected to witness significant growth during the forecast period. Military and defense, industrial, and commercial are the major verticals that account for a significant share of the SWIR Cameras market in North America. Besides, this region is witnessing increasing demand for these cameras, especially cooled SWIR Cameras, from the scientific research vertical.

Global SWIR Cameras Market: Key Players

  • FLIR Systems
  • Hamamatsu Photonics
  • Sensors Unlimited
  • Xenics
  • Princeton Instruments
  • Allied Vision Technologies
  • IRCameras
  • Fluxdata
  • InView Technology
  • New Imaging Technologies
  • Photonic Science
  • Infiniti Electro-Optics

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