The global swir camera market is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled "SWIR Camera Market Size, Share and Covid-19 Impact Analysis, By Product (SWIR Linear Camera, SWIR Area Camera), By Application (Inspection and Quality Control, Security and Surveillance, Astronomy, Thermography, Spectroscopy, and Others), By End-user (Industrial Manufacturing, Aerospace and Defense, Scientific Research and Life Sciences, and Others), and Regional Forecast, 2020 – 2027". The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period. It also offers an exclusive insight into various details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies.
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The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other swir camera market trends. The report is available for sale on the company website.
List of Key Players Profiled in this SWIR Camera Market Report:
- Sierra-Olympic Systems, Inc.
- Princeton Infrared Technologies, Inc.
- IRCameras LLC
- Hamamatsu Photonics K.K.
- Allied Vision Technologies GmbH
- Teledyne Princeton Instruments
- Raptor Photonics
- New Imaging Technologies (NIT)
- Leonardo DRS
- InView Technology Corporation
The report states that the market value stood at USD 178.9 million in 2019. It also offers the following:
- Exhaustive study of the various factors driving the market;
- Detailed analysis of the market’s restraining factors;
- Piecemeal examination of all the market segments; and
- In-depth research into the regional and competitive dynamics influencing market growth.
Rising Military Spending to Bolster Market Growth
A prominent factor that is expected to provide a positive thrust to the SWIR camera market growth during the forecast period is the increased military spending by major economies of the world. According to the Stockholm International Peace Research Institute (SIPRI), the total defense expenditure worldwide reached USD 1917 billion in 2019, representing 3.6% rise from 2018 levels. The US, China, India, Russia, and Saudi Arabia emerged as the largest spenders, the SIPRI data reveals. More funds for militaries in these countries will mean modernization of defense equipment with next-gen gear such as SWIR cameras and other thermal imaging technologies. These cameras can efficiently perform security and surveillance operations, especially in areas where visibility is poor, thus enabling enemy forces to conduct nefarious activities undetected. As the concerns over national security intensify, the demand for such advanced equipment is expected to surge.
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Regional Analysis for SWIR Camera Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Contents for SWIR Camera Market:
- Executive Summary
- Market Dynamics
- Key SWIR Camera Market Insights
- Global Market Analysis, Insights and Forecast, 2015-2026
- North America Market Analysis, Insights and Forecast, 2015-2026
- Europe Market Analysis, Insights and Forecast, 2015-2026
- Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
- The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
- Latin America Market Analysis, Insights and Forecast, 2015-2026
- Competitive Landscape
- Global SWIR Camera Market Revenue Share Analysis, By Key Players, 2020
- Company Profiles
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