The shortwave infrared market (SWIR) is expected to be valued at USD 147 million in 2018 and is likely to reach USD 258 million by 2024, at a CAGR of 9.87% during the forecast period. High demand for SWIR products from the nonindustrial vertical is one of the major factors driving the growth of the shortwave infrared market. Moreover, SWIR cameras are increasingly being used in various industries such as electronics and semiconductors, food & beverages, and aerospace for machine vision application; this factor is also expected to considerably boost the growth of the said market in the coming years.
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By technology, the uncooled segment leads the SWIR market. The dominant position of this segment can be attributed to the high demand for uncooled SWIR cameras owing to their low cost compared with cooled SWIR cameras. A few applications where uncooled cameras are used include industrial inspection, food inspection, optical coherence tomography, telecommunications fiber and waveguide alignment, driver vision enhancement, astronomy, and spectroscopy.
- In April 2018, Allied Vision Technologies (Germany) expanded its Goldeye camera family with the launch of 2 new InGaAs camera models for short-wave infrared—Goldeye G/CL-033 TECless and Goldeye G/CL-008 Cool TEC1. Goldeye G/CL-033 TECless is ideal for applications with temperature-stable environments, while Goldeye G/CL-008 Cool TEC1 is suitable for applications having high temperature fluctuations.
- In March 2018, New Imaging Technologies (France) expanded its SWIR camera product portfolio with the launch of WiDy SenS, a new SWIR camera. This product can efficiently deal with fast variations of illumination conditions making it ideal for applications such as surveillance, microscopy, and laser beam profiling.
- In November 2017, Sofradir (France) entered into a distribution partnership with ATD Electronique (France) to extend the European customer base for its SWIR detectors based on infrared InGaAs technology.
North America expected to hold largest share of SWIR market in 2018
North America is expected to hold the largest share of the SWIR market in 2018. The US currently accounts for the largest share of the SWIR market in North America, followed by Canada and Mexico. APAC is expected to witness significant growth in the SWIR market during the forecast period. China, India, and Japan are the key countries contributing to the growth of the SWIR market in APAC. Security & surveillance, and monitoring & inspection are the key applications for which SWIR cameras are used in these regions.
A few key players operating in the SWIR market are Sensors Unlimited (US), FLIR Systems (US), Xenics (Belgium), New Imaging Technologies (France), Allied Vision Technologies (Germany), Sofradir (France), Raptor Photonics (UK), Hamamatsu Photonics K.K. (Japan), and Opgal Optronic Industries (Israel).
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