The SWIR camera market is growing rapidly in response to the increasing demand for these cameras in a range of industrial and military applications. The high sensitivity, spectral resolution, and wide dynamic range of SWIR cameras make them ideal for such applications, where they are used to capture images even under challenging lighting conditions. Additionally, an increase in the number of R&D activities focused on the development of new SWIR cameras is also driving market growth.
Some of the key factors driving the growth of the SWIR camera market include the increasing demand for these cameras in a range of industrial applications, such as semiconductor wafer inspection, solar cell inspection, and machine vision. Additionally, the growing adoption of autonomous vehicles is also leading to rising demand for SWIR cameras in defense and military applications. Other factors driving market growth include advances in SWIR technology, technological developments in the field of printing and packaging applications, and the growing need for high-resolution imaging capabilities.
A SWIR camera is a special type of imaging device that captures images in the short-wave infrared (SWIR) wavelength range. These cameras are highly sensitive to radiation, making them ideal for capturing images under challenging lighting conditions.
Some of the key advantages of using SWIR cameras include the ability to capture images in low-light conditions, high sensitivity to radiation and a wide dynamic range. Additionally, these cameras offer superior spectral resolution, which makes them well-suited for capturing accurate images in R&D applications such as printing and packaging.
The SWIR camera market offers a range of services, including product customization, repairs and maintenance, training, and technical support. With the help of these services, manufacturers are able to offer high-quality products that meet the needs of their customers. Additionally, services offered by this market also help to improve safety and reliability in industrial applications such as semiconductor wafer inspection and solar cell inspection. Furthermore, the growing adoption of autonomous vehicles is leading to rising demand for SWIR cameras in defense and military applications, driving market growth in this area as well.
The market for SWIR cameras is projected to reach a value of 40 million USD by 2031, representing a compound annual growth rate (CAGR) of 10.8% during the period of analysis.
The rising demand for SWIR cameras in commercial and government settings is largely responsible for the expansion of this market. This report presents a comprehensive analysis of the market for SWIR cameras, segmenting it according to type of camera, application, and region. This report analyzes the current state of the SWIR camera market as well as the future growth prospects for the period 2021-2031.
The high cost of SWIR cameras is likely to pose a major challenge for market growth, as these devices are relatively expensive compared to their visible light counterparts. Additionally, the restricted availability of SWIR wavelengths in various parts of the world is also expected to hinder market growth in the coming years. However, the R&D activities focused on the development of new SWIR cameras is likely to open up new growth opportunities for this market in the long term.
Some of the key players operating in the SWIR camera market include Hamamatsu Photonics K.K., Xenics NV, Sofradir Group, Sensors Unlimited Inc., and FLIR Systems Inc. Other prominent players in this market include L3 Technologies, Princeton Infrared Technologies (PIT), New Imaging Technologies (NIT) Corp., and New Light Technologies LLC.
The SWIR line scan camera segment is expected to grow at the fastest rate
Based on type, the SWIR camera market is segmented into SWIR area scan camera and SWIR line scan cameras. The SWIR line scan camera segment is expected to grow at the fastest rate during the forecast period, as these cameras are typically used in high-speed applications such as printing and packaging.
The industrial applications segment is expected to hold a major share of the market
Industrial applications, military and defense applications, scientific research applications, and other applications make up the different submarkets that make up the market for SWIR cameras. Since these cameras are put to use for a wide variety of purposes across a variety of industries, the industrial applications subsegment is anticipated to hold a significant portion of the market during the period covered by the forecast.
North America is expected to account for a major share of the SWIR Camera market
The market for SWIR cameras is divided into five different regions based on geography: North America, South America, Asia Pacific, and Europe and the Middle East. Due to the significant presence of key players in this region, it is anticipated that North America will account for a significant portion of the market during the period covered by the forecast.
The industrial sector is expected to hold a major share of the market during the forecast period
Based on end users, the SWIR camera market is segmented into the industrial sector, defense and military sector, scientific research sector, and other industries. The industrial sector is expected to hold a major share of the market during the forecast period, due to the growing demand for autonomous vehicles in automotive applications.
Covid 19 Impact
The SWIR camera market is expected to be impacted by the global spread of Covid-19. Due to the increasing number of infections and cases reported worldwide, many companies are facing supply chain disruptions, which is expected to hurt this market in the coming years. Additionally, with governments around the world introducing stringent measures to contain the spread of this disease, travel restrictions and lockdowns are likely to dampen market growth in the coming years. However, with new R&D efforts focused on the development of new SWIR cameras that can withstand viral contamination, this market is expected to recover over the long term.
Some of the recent developments in the SWIR camera market include:
• In 2019, Sensors Unlimited Inc. launched a new series of add-on modules for its infrared cameras, which included several new high-resolution 14 µm cameras and sensors designed to help with machine vision applications.
• In 2019, Sofradir Group unveiled a new SWIR camera for use in automotive applications, which featured a compact and rugged housing design that could withstand harsh weather conditions.
• In 2019, FLIR Systems Inc. signed an agreement with global defense contractor BAE Systems to jointly develop high-performance infrared cameras for military applications.
SWIR Camera Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||40 million USD|
|Growth Rate||CAGR of 10.8% during 2021-2031|
|Segment Covered||by Type, By Application, End-User, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Hamamatsu Photonics K.K., Xenics NV, Sofradir Group, Sensors Unlimited Inc., and FLIR Systems Inc. Other prominent players in this market include L3 Technologies, Princeton Infrared Technologies (PIT), New Imaging Technologies (NIT) Corp., and New Light Technologies LLC.|
Key Segments of the Global SWIR Camera Market
Type Overview, 2021-2031 (USD Billion)
- SWIR Area Scan Camera
- SWIR Line Scan Camera
Application Overview, 2021-2031 (USD Billion)
- Industrial Applications
- Military and Defense
- Scientific Research
End-User Overview, 2021-2031 (USD Billion)
- Industrial Sector
- Defense and Military Sector
- Scientific Research Sector
- Other Industries
Regional Overview, 2021-2031 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa
- South Africa