iCrowdNewswire Jan 27, 2021 5:00 AM ET
Market Research Future published a research report on Shortwave Infrared Market Research Report – Global Forecast till 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Shortwave infrared is invisible to eyes and used to achieve high quality and object-specific images. It is used for various applications like weather forecasts, climate changes, and others, making it an important part of the human life and end-user industries. It is used for surveillance, as it has a high capability of detecting objects in dark conditions, making it an effective technology in the aerospace and defense sectors. As technology advances, this technology is also being used in the automotive industry in advanced features like vehicle navigation in low light and dark conditions.
The rapid growth of the automotive industry is expected to provide lucrative growth opportunities for the shortwave infrared market. The growing defense budgets and needs to adopt the latest technologies have provided major growth opportunities to this market and are rapidly growing globally. The rise in penetration through space in search of new opportunities has provided additional opportunities to the shortwave infrared market. The companies are readily investing in research & development programs to unfold the new aspects, imposing an extra load on the market and will help the market gain accelerated speeds.
Apart from the uses and features, the global Shortwave Infrared Market is facing challenges from high costs of shortwave infrared cameras, which has restrained the global market growth. This report offers a complete outlook on the opposition, opportunities, drivers & restraints, and other factors affecting the neighborhood and global shortwave infrared marketplace. The worldwide market is anticipated to sign in approximately 08 % annual growth in this era.
The prominent players in the Shortwave Infrared Market have been identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. The major vendors of the market are Sensors Unlimited (US), Flir Systems (US), Xenics (Belgium), New Imaging Technologies (France), Allied Vision Technologies (Germany), Sofradir (France), Raptor Photonics (UK), Opgal Optronic Industries (Israel), Hamamatsu Photonics K.K. (Japan), Photon Etc. (Canada), Ircameras LLC (US), Princeton Infrared Technologies (US), Episenors (Ireland), and HGH Infrared Systems (France).
These players are largely investing in organic growth strategies such as expansion and new product launches to strengthen their position in the shortwave infrared market. For instance, in 2018, New Imaging Technologies launched a new shortwave infrared camera WiDy SenS largely to cater to surveillance, microscopy, and laser beam profiling applications.
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The global shortwave infrared market has been segmented into type, technology, end user, and region.
By type, the shortwave infrared market has been segmented into area scan and line scan.
By technology, the shortwave infrared market has been segmented into cooled infrared imaging, and uncooled infrared imaging.
By end user, the shortwave infrared market has been segmented into aerospace, electronics & communication, food & beverage, military & defense, medical & healthcare, and others.
By region, the shortwave infrared market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
The global market for shortwave infrared is estimated to grow at a notable rate during the forecast period from 2018 to 2023. The geographical analysis of shortwave infrared market is done for North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to dominate the shortwave infrared market from 2018 to 2023 owing to the high demand for SWIR cameras from end-use verticals such as defense, healthcare and scientific research. Furthermore, higher concentration global market players and easy availability of proficient technical expertise drive the demand for shortwave infrared cameras.
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