The global shortwave infrared market size is expected to be valued at US$ 418 million in 2033. A CAGR of 7.8% is anticipated for the market in the next ten years. It is set to reach US$ 197.1 million by 2023.
The market is set to be pushed by the technology's expanding applicability across numerous end-use sectors. Shortwave infrared technology is being utilized extensively in the automotive industry.
This is due to the rising demand for advanced driver assistance systems. Hence, applications of shortwave infrared go beyond the fields of defence and healthcare.
In several different industries, including semiconductor production, shortwave infrared is employed for testing purposes. The market is also positively impacted by the surging need for miniaturization and low-power technologies across defence applications.
Over the projection period, it is anticipated that favourable federal programs directed at military and defense equipment improvements would propel the market. The market is also flourishing as a result of rising applications in the scientific investigation for object detection and surveillance.
The market is further anticipated to develop as a result of rising demand for shortwave infrared devices for tracking and monitoring applications. The adoption of shortwave infrared technology is expected to surge exponentially in military applications.
Shortwave infrared cameras can offer data even in the rain, mist, and other gloomy weather conditions. These cameras can also capture images with increased contrast and see through difficult atmospheric circumstances.
Shortwave infrared cameras have emerged to provide observation services for securing unsafe zones. They can be put on unmanned aerial vehicles, trucks, and structures. They are capable of seeing any threats or criminal activity.
Geologists also use these cameras to research various physical characteristics of the planet. Low power consumption and the ability to sense temperature make shortwave infrared a beneficial tool for spotting fires.
DigitalGlobe, an American commercial provider of geospatial data and space imaging, has a shortwave infrared sensor. Its sensor is placed on the Earth Observation satellite. It can see through thick smoke clouds from burning things on the ground.
| Attributes | Key Insights |
|---|---|
| Shortwave Infrared (SWIR) Market Estimated Size (2023) | US$ 197.1 million |
| Projected Market Valuation (2033) | US$ 418 million |
| Value-based CAGR (2023 to 2033) | 7.8% |
| USA Value-based CAGR (2023 to 2033) | 6.7% |
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According to a new report by Future Market Insights, shortwave infrared demand is projected to skyrocket in the estimated time frame. The market is likely to exhibit a CAGR of 7.8% from 2023 to 2033. It recorded a CAGR of 8.7% during the historical period and stood at US$ 181.5 million in 2022.
The usage of shortwave infrared cameras for vehicle navigation is increasing worldwide. As driverless cars proliferate, shortwave infrared technology can help with visibility in adverse weather conditions such as rain, dust, snow, and fog.
TriEyeintends, an Israel-based company, for instance, is planning to develop a shortwave infrared camera for the dashboard of consumer cars. It can successfully navigate through rain, dust, fog, and snow. The use of shortwave infrared cameras is also expected to escalate in autonomous vehicles.
| Global Market Valuation (2022) | US$ 181.5 million |
|---|---|
| Historical CAGR (2018 to 2022) | 8.7% |
| Forecast CAGR (2023 to 2033) | 7.8% |
SWIR Sensors to Find Surging Usage in Military, Astronomy, and Spectroscopy
Principal Consultant
Defense Companies in the USA to Use SWIR Technology with Need for Night Surveillance
The USA shortwave infrared market is expected to be worth US$ 134.7 million by 2033. It is likely to exhibit steady growth at a CAGR of 6.7% in the forecast period. An incremental opportunity worth US$ 64.0 million is estimated for the USA by 2033.
Defense applications in the USA use infrared imaging to enable high-resolution vision and recognition in dimly light areas & complete darkness. Shortwave infrared wavelengths are essential for military and defense research & development activities in the country. Growth is attributed to the urgent need for extensive surveillance and targeting at night.
High Demand for Security Tools in the United Kingdom to Propel Need for Portable Shortwave UV Lights
The United Kingdom's shortwave infrared market is projected to witness a CAGR of 7.0% between 2023 and 2033. By 2033, the country is estimated to be valued at US$ 20.6 million. A CAGR of 7.5% was registered by the United Kingdom during the historical period.
Shortwave infrared is set to fill the gap between the optimum thermal sensitivity of infrared and visible wavelengths. It would make an ideal solution in the United Kingdom for viewing through fog and smoke.
It can capture low-level reflected light and disperse far less visible wavelengths at great distances. SWIR cameras are useful security and surveillance tools that are occasionally used alone. They are frequently used in conjunction with other images across the United Kingdom.
Launch of Novel Tools under the SWIR Spectrum in Japan to Bolster Sales by 2033
Japan's shortwave infrared industry is likely to create an absolute dollar opportunity of US$ 15.3 million in the projected period. It is set to reach US$ 30.5 million by 2033. A CAGR of 7.9% was recorded by Japan between 2018 and 2022.
For instance, in November 2022, Hamamatsu Photonics K.K., a Shizuoka-based shortwave infrared devices manufacturer, developed two-photon microscopes. They have integrated spatial light modulators. These can be used in live imaging of small animals.
The new microscope can also improve the resolution of images. The launch of similar advanced products by key companies in Japan is likely to create new opportunities for shortwave infrared imagery providers.
Shortwave Infrared Color Lamps to Witness High Demand in South Korea with Usage in Industrial Inspection
South Korea's shortwave infrared lamps market is predicted to witness a CAGR of 8.2% in the estimated time frame. It is expected to create an incremental opportunity of US$ 9.3 million in the next ten years. A valuation of US$ 17.0 million is expected for the country by 2033.
The expansion of shortwave infrared camera applications due to the introduction of several disruptive technologies has created growth opportunities for manufacturers in South Korea. These cameras can distinguish between colors and assess material characteristics.
These characteristics include chemical composition, water vapor, and temperature. These features would further make them useful for the inspection of works of art, spectroscopy, industrial inspection, and astronomy.
SWIR Area Cameras to Find Extensive Usage in Military and Defense Applications by 2033
Based on end users, the military and defense segment is projected to remain at the forefront by 2033. According to Future Market Insights, the segment is expected to showcase a 7.6% CAGR in the next ten years. It witnessed an 8.3% CAGR between 2018 and 2022.
Shortwave infrared devices can be used for clandestine operations. These include military infrared laser spotting, low-light imaging, military driver vision improvement, surveillance security, and low-light imaging. These are also often used for border, port, and facility monitoring.
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Key shortwave infrared companies are Raptor Photonics, Hamamatsu Photonics K.K., New Imaging Technologies, Allied Vision Technologies, Princeton Infrared Technologies Inc., Collins Aerospace, Leonardo DRS, InView Technology Corporation, Lynred, FLIR Systems Inc., Opgal Optronic, and IRCameras LLC among others.
The shortwave infrared market is highly consolidating. This is due to the existence of significant vendors investing in research and development to come up with the technology offered.
A few of these companies are engaging in mergers & acquisitions and collaborations to strengthen their positions in the market. They are also focusing on generating high shortwave infrared market shares by launching state-of-the-art products.
A few of the recent developments in the shortwave infrared market are:
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | US$ 197.1 million |
| Projected Market Valuation (2033) | US$ 418 million |
| Value-based CAGR (2023 to 2033) | 7.8% |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Value (US$ million) |
| Segments Covered | Type, Technology, End User, Region |
| Regions Covered | North America; Latin America; Europe; Middle East & Africa; East Asia; South Asia; Oceania |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, India, Gulf Cooperation Council Countries, Australia |
| Key Companies Profiled | Allied Vision Technologies; Collins Aerospace; FLIR Systems Inc.; Hamamatsu Photonics K.K.; InView Technology Corporation; IRCameras LLC; Leonardo DRS; Lynred; New Imaging Technologies; Opgal Optronic; Princeton Infrared Technologies Inc.; Raptor Photonics |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
The market is estimated to reach US$ 197.1 million in 2023.
IRCameras LLC, Leonardo DRS, and Lynredare are the key market players.
The market is estimated to secure a valuation of US$ 418 million by 2033.
The growth potential of the market is 7.8% through 2033.
Demand for advanced driver assistance systems drives sales.
1. Executive Summary | Shortwave Infrared (SWIR) Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ million) Analysis By Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Type, 2023 to 2033
5.3.1. Area Scan
5.3.2. Line Scan
5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ million) Analysis By Technology, 2018 to 2022
6.3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Technology, 2023 to 2033
6.3.1. Cooled
6.3.2. Uncooled
6.4. Y-o-Y Growth Trend Analysis By Technology, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Technology, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ million) Analysis By End User , 2018 to 2022
7.3. Current and Future Market Size Value (US$ million) Analysis and Forecast By End User , 2023 to 2033
7.3.1. Electronics and Communication
7.3.2. Aerospace
7.3.3. Food & Beverage
7.3.4. Automotive
7.3.5. Medical and Healthcare
7.3.6. Military and Defense
7.3.7. Others
7.4. Y-o-Y Growth Trend Analysis By End User , 2018 to 2022
7.5. Absolute $ Opportunity Analysis By End User , 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ million) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ million) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Type
9.2.3. By Technology
9.2.4. By End User
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Technology
9.3.4. By End User
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Type
10.2.3. By Technology
10.2.4. By End User
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Technology
10.3.4. By End User
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Type
11.2.3. By Technology
11.2.4. By End User
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Technology
11.3.4. By End User
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Singapore
12.2.1.5. Thailand
12.2.1.6. Indonesia
12.2.1.7. Australia
12.2.1.8. New Zealand
12.2.1.9. Rest of Asia Pacific
12.2.2. By Type
12.2.3. By Technology
12.2.4. By End User
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Technology
12.3.4. By End User
12.4. Key Takeaways
13. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. Gulf Cooperation Council Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of Middle East and Africa
13.2.2. By Type
13.2.3. By Technology
13.2.4. By End User
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By Technology
13.3.4. By End User
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By Type
14.1.2.2. By Technology
14.1.2.3. By End User
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By Type
14.2.2.2. By Technology
14.2.2.3. By End User
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By Type
14.3.2.2. By Technology
14.3.2.3. By End User
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By Type
14.4.2.2. By Technology
14.4.2.3. By End User
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By Type
14.5.2.2. By Technology
14.5.2.3. By End User
14.6. United Kingdom
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By Type
14.6.2.2. By Technology
14.6.2.3. By End User
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By Type
14.7.2.2. By Technology
14.7.2.3. By End User
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By Type
14.8.2.2. By Technology
14.8.2.3. By End User
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By Type
14.9.2.2. By Technology
14.9.2.3. By End User
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By Type
14.10.2.2. By Technology
14.10.2.3. By End User
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By Type
14.11.2.2. By Technology
14.11.2.3. By End User
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By Type
14.12.2.2. By Technology
14.12.2.3. By End User
14.13. Singapore
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By Type
14.13.2.2. By Technology
14.13.2.3. By End User
14.14. Thailand
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By Type
14.14.2.2. By Technology
14.14.2.3. By End User
14.15. Indonesia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By Type
14.15.2.2. By Technology
14.15.2.3. By End User
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By Type
14.16.2.2. By Technology
14.16.2.3. By End User
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By Type
14.17.2.2. By Technology
14.17.2.3. By End User
14.18. Gulf Cooperation Council Countries
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By Type
14.18.2.2. By Technology
14.18.2.3. By End User
14.19. South Africa
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2022
14.19.2.1. By Type
14.19.2.2. By Technology
14.19.2.3. By End User
14.20. Israel
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2022
14.20.2.1. By Type
14.20.2.2. By Technology
14.20.2.3. By End User
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Type
15.3.3. By Technology
15.3.4. By End User
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Allied Vision Technologies
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.2. Collins Aerospace
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.3. Flir Systems Inc.
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.4. Hamamatsu Photonics K.K.
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.5. InView Technology Corporation
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.6. IRCameras LLC
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.7. Leonardo DRS
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.8. Lynred
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.9. New Imaging Technologies
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.10. Opgal Optronic
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.11. Princeton Infrared Technologies, Inc.
16.1.11.1. Overview
16.1.11.2. Product Portfolio
16.1.11.3. Profitability by Market Segments
16.1.11.4. Sales Footprint
16.1.11.5. Strategy Overview
16.1.11.5.1. Marketing Strategy
16.1.12. Raptor Photonics
16.1.12.1. Overview
16.1.12.2. Product Portfolio
16.1.12.3. Profitability by Market Segments
16.1.12.4. Sales Footprint
16.1.12.5. Strategy Overview
16.1.12.5.1. Marketing Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Shortwave Infrared (SWIR) Market
