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Shortwave Infrared (SWIR) Market 2019 Global Size, Share, Trends, Industry Growth Analysis, Scope, Sales Revenue and Forecast 2023

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Shortwave Infrared (SWIR) Market 2019 Global Size, Share, Trends, Industry Growth Analysis, Scope, Sales Revenue and Forecast 2023

September 02
02:43 2019
Shortwave Infrared (SWIR) Market 2019 Global Size, Share, Trends, Industry Growth Analysis, Scope, Sales Revenue and Forecast 2023

” Shortwave Infrared (SWIR) Market “
global shortwave infrared market is expected to reach a valuation of close to USD 317 million by 2023, according to MRFR.

Shortwave Infrared (SWIR) Market Highlights

The global shortwave infrared market is expected to make steady progress over the forecast period from 2017 to 2023, displaying a robust 9% CAGR therein, according to the latest research report from Market Research Future (MRFR). The global shortwave infrared market is mainly driven by the growing demand for the technology in climate study, including studying weather patterns, clouds, soil water content, and more, and in defense applications to scan large areas in the absence of visible light. These are likely to be the major end-use sectors for the shortwave infrared market over the forecast period. The global shortwave infrared market is expected to reach a valuation of close to USD 317 million by 2023, according to MRFR.

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Shortwave infrared radiation has the property of being absorbed by water, which appears dark in shortwave infrared photography. This allows scientists to use shortwave infrared to examine water levels in soils, plants, etc. regardless of the terrain and accurately monitor the water levels across large areas. This has emerged as a major application for shortwave infrared in recent years due to the growing awareness about climate change and the various ways of monitoring, studying, and fixing it. The growing government interest in climate change monitoring, in addition to the growing demand for weather forecasting technology that can determine between cloud types that appear the same to the naked eye, is likely to be a major driver for the shortwave infrared market over the forecast period.

Competitive Analysis:

Leading players in the global shortwave infrared market include Princeton Instruments Inc., Intevac Inc., InfraTec Infrared LLC, FluxData Inc., Photonic Science & Engineering Limited, HGH Infrared Systems, C-THERMAL, Photon Etc. Inc., Hamamatsu Photonics K.K., OPGAL Optronics Industries Ltd., Raptor Photonics Limited, Sofradir, Allied Vision Technologies GmbH, New Imaging Technologies (NIT), Xenics, FLIR Systems Inc., and Sensors Unlimited Inc.

In June 2019, Lynred USA, a leading provider of thermal imaging solutions, announced the appointment of Macnica Americas Inc. as the exclusive distributor of the former’s infrared imaging products in the U.S.

Segmentation:

The global shortwave infrared market has been segmented on the basis of type, technology, end user, and region.

By type, the global shortwave infrared market has been segmented into area scan and line scan. Line scan is likely to be the dominant type of shortwave infrared technology over the forecast period due to its growing use in a number of applications, such as healthcare diagnostics, spacecraft manufacturing, and screening. 

By technology, the shortwave infrared market is segmented into cooled infrared imaging and uncooled infrared imaging. Cooled infrared imaging is likely to be the dominant segment in the global shortwave infrared market over the forecast period.

By end user, the global shortwave infrared market is segmented into aerospace, electronics & communication, food and beverage, military and defense, medical and healthcare, and others. Military and defense is likely to be the dominant end user in the global shortwave infrared market over the forecast period due to the growing use of shortwave infrared in detection systems, as shortwave IR radiation can be used to detect incoming objects even in the presence of heavy snow, sleet, or haze.

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Regional Segmentation:

North America is the major player in the global shortwave infrared market, mainly due to the growing military application of the technology in the U.S. The U.S. has always been keen to retain a technological edge over its rivals, leading to rapid progression of the shortwave infrared technology in the military research channels and integration into land, naval, as well as air units. This has the potential to remain a major driver for the shortwave infrared market in North America over the forecast period, as the growing demand for military tech progression in the U.S. is likely to drive the demand for progressive updates in the field of shortwave infrared.

Asia Pacific is also likely to be a major regional market for shortwave infrared technology in the coming years due to the growing demand for military modernization in emerging countries such as China and India, as well as the increasing interest in geological mapping and monitoring of water levels in the region.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Website: https://www.marketresearchfuture.com/reports/shortwave-infrared-market-7317

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