The global shortwave infrared (SWIR) market size is expected to reach USD 347.9 million by 2030, according to a new study by Polaris Market Research. The report “Shortwave Infrared (SWIR) Market Share, Size, Trends, Industry Analysis Report, By Type; By Technology (Cooled Infrared Imaging, Uncooled Infrared Imaging); By End-User; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing the adoption of SWIR cameras for quality control is one of the major factors driving the shortwave IR industry for monitoring and inspection applications. SWIR cameras are used to monitor and inspect various industries, including food and beverage, electronic parts and semiconductors, pharmaceuticals, automotive, glass, and aerospace.
Among these, the automotive sector is rapidly adopting SWIR to boost industry growth during the forecast period. Shortwave IR cameras are progressively used in vehicle navigation systems; the technology improves driver vision. Many vehicles in the defense service are currently using it, especially at night navigation. With the advent of self-driving cars, the use of SWIR has become critical.
Further, in January 2022, TriEye, collaborated with Hitachi Astemo on widespread SWIR sensing technology. Both collaborated to improve the functionality of advanced driver assistance systems (ADAS) for unfavorable weather and low-light circumstances.
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TriEye created the SEDAR, which it describes as an affordably priced and comprehensive solution capable of generating HD image data and a detailed depth map for automated driving applications, customized to the needs of the automotive industry and reframing safety standards by facilitating impression in all visibility conditions. Partial autonomous vehicles are already in the industry, and their popularity has grown since the technology's introduction. The global automotive vehicle component demand is anticipated to drive the SWIR technology.
Based on the technology, the uncooled IR imaging segment accounted for the leading share in the industry. This segment's dominance can be associated with the high consumption of uncooled SWIR cameras, particularly from the military operations, due to their lower cost compared to cooled SWIR cameras. These cameras typically have more sensitive detectors than uncooled ones and are more affordable than their counterparts.
Market players such as Collins Aerospace, Allied Vision Technologies, Flir Systems Inc., Hamamatsu Photonics K.K., IRCameras LLC, InView Technology Corporation, Leonardo DRS, Lynred, Opgal Optronic, New Imaging Technologies, Princeton IR Technologies, Inc., Sensors Unlimited (United Technologies Company), Raptor Photonics, Teledyne FLIR, and Xenics are some key players operating in the global market.
In June 2021, Teledyne FLIR introduced the A500f/A700f Fire Detection and Condition Monitoring Camera systems. The FLIR A500f and A700f Advanced Smart Sensor weather-resistant thermal cameras have high-temperature detection for extreme climates. The A500f/A700f can assist commercial and industrial organizations in protecting assets, improving safety, maximizing uptime, and reducing maintenance costs by providing enhanced spot, polygon, and polyline data analysis functions that will improve the description of areas of interest and object curvatures.
Polaris market research has segmented the Shortwave Infrared (SWIR) market report based on type, technology, end-user, and region:
Shortwave Infrared (SWIR), Type Outlook (Revenue - USD Million, 2018 - 2030)
Shortwave Infrared (SWIR), Technology Outlook (Revenue - USD Million, 2018 - 2030)
Shortwave Infrared (SWIR), End-User Outlook (Revenue - USD Million, 2018 - 2030)
Shortwave Infrared (SWIR), Regional Outlook (Revenue - USD Million, 2018 - 2030)