Global Shortwave Infrared Market is expected to grow with a Staggering Market Value by 2023

Shortwave Infrared Market Highlights

According to Market Research Future, 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. Among these shortwave infrared types, line scan is widely used for subject screening and medical diagnostics. Additionally, the efficiency of line scan shortwave infrared light can be increased combining it with InGaAs image sensors, which contain an array of photodiodes which assist in capturing the images. Line scan method is ideally suited for applications requiring superior reliability such as metallurgical assessment of spacecraft parts, failure-analysis, spacecraft manufacturing, and others. On the other hand, area scan method segment is estimated to grow at the highest CAGR during the forecast period.

By technology, the shortwave infrared market has been segmented into cooled infrared imaging and uncooled infrared imaging. Both technologies have their own benefits and disadvantages. However, cooled infrared imaging has an integrated sensor that reduces the sensor temperature to cryogenic temperature range. This segment held the highest market share and is estimated to register the highest growth rate during the forecast period.

By end user, the shortwave infrared market has been segmented into aerospace, electronics & communication, food & beverage, military & defense, medical & healthcare, and others. Considering the use of shortwave infrared in military and defense, these systems have become essential for ensuring high-resolution vision and tracking objects in near or total darkness in various security applications. Moreover, these are also used in explosive detection systems, chemical warfare systems, and many more. Shortwave infrared improves the recognition capability of the military security systems, making military and defense the largest market segment.

By region, the shortwave infrared market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. The growth in the European region can be credited to the automotive and other manufacturing companies which make use of shortwave infrared-based cameras and InGaAs sensors. Moreover, continuous research and development in the field of machine vision for hyperspectral imaging is expected to accelerate the market growth.

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Key Players

The key players in the shortwave infrared market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are Sensors Unlimited Inc. (US), FLIR Systems, Inc. (US), Xenics (Belgium), New Imaging Technologies (NIT) (France), Allied Vision Technologies GmbH (Germany), Sofradir (France), Raptor Photonics Limited (Ireland), OPGAL Optronics Industries Ltd (Israel), Hamamatsu Photonics K.K. (Japan), Photon etc Inc. (Canada). These players contribute significantly to market growth. Apart from the top key players of the market, the other players contribute nearly 30–35% to the shortwave infrared market; some of them are C-THERMAL (Austria), HGH Infrared Systems (France), Photonic Science & Engineering Limited (UK), FluxData, Inc. (US), InfraTec infrared LLC (US), Intevac, Inc. (US), and Princeton Instruments, Inc. (US).