Shortwave Infrared Market to Grow by USD 119.47 million | Technavio

2021-12-23 06:11:09 By : Ms. Cindy Huang

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The shortwave infrared market will have Allied Vision Technologies GmbH, Ascendent Technology Group Inc., and Hamamatsu Photonics KK as major participants during the forecast period

NEW YORK , Dec. 6, 2021 /PRNewswire/ -- The shortwave infrared market is driven by increased government investments in military devices, increased adoption of SWIR cameras in commercial applications, and increasing use of night vision cameras. The market is expected to grow by USD 119.47 million from 2021 to 2026. The growth momentum of the market is expected to accelerate at a CAGR of 9.69%.

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 Major Five Shortwave Infrared Market Participants:

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Shortwave Infrared Market 2022-2026: Segmentation

By product, the SWIR area camera segment is expected to have significant market share growth during the forecast period. These cameras are simple to use and convenient for low and quick imaging applications.

By geography, APAC is expected to account for 46% of the market's growth during the forecast period, with China and Japan being the key countries. The growing demand for SWIR cameras and machine vision devices is expected to be the key driver for market growth in the region.               

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Reports that might interest you:

Accelerate at a CAGR of 9.69%

APAC, North America, Europe, South America, and MEA

US, China, Germany, UK, and Japan

Leading companies, competitive strategies, consumer engagement scope

Allied Vision Technologies GmbH, Ascendent Technology Group Inc., Hamamatsu Photonics KK, Leonardo DRS Inc., New Imaging Technologies, Photonic Science and Engineering Ltd., Princeton Infrared Technologies Inc., Raytheon Technologies Corp., Teledyne Technologies Inc., and Xenics NV

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

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