Shortwave Infrared (SWIR) Market worth 1,357.7 Million USD by 2023 Shortwave Infrared (SWIR) Market | Page 2

Shortwave Infrared (SWIR) Market worth 1,357.7 Million USD by
2023
According to the new market research report "Shortwave Infrared (SWIR) Market by Scanning Type
(Area Scan and Line Scan), Technology (Cooled and Uncooled), Vertical (Industrial, Commercial,
Military & Defense, Medical, Scientific Research), and Geography - Global Forecast to 2023", the
SWIR market is expected to grow from USD 809.9 Million in 2016 to USD 1,357.7 Million by 2023, at
a CAGR of 7.68% between 2017 and 2023. The growth of this market can be attributed to the high
demand for these cameras from industrial, military and defense, and commercial verticals for
various applications, such as surveillance, inspection, night vision enhancement, camouflage
detection, and moisture detection.
Browse 64 Market Data Tables and 35 Figures spread through 131 Pages and in-depth TOC
on "Shortwave Infrared (SWIR) Market - Global Forecast to 2023"
Download PDF Brochure@
http://www.marketsandmarkets.com/pdfdownload.asp?id=52975079&utm_source=PR-
RM&utm_medium=Site
SWIR technology enables users to see beyond the visible spectrum; this allows cameras based on
SWIR technology to be used in various application areas. Night vision enhancement, moisture
detection, solar cell inspection, camouflage detection, silicon wafer inspection, and surveillance are
some of the major applications of SWIR cameras.
The SWIR market is expected to be valued at USD 1,357.7 million by 2023, growing at a CAGR of
7.68% between 2017 and 2023. High demand from the industrial vertical is one of the major
factors fueling the growth of the SWIR market.
Sensors Unlimited (US) and FLIR Systems (US) are 2 of the key players in the SWIR market. Sensors
Unlimited has strong presence in the market and is well known for its SWIR imaging solutions and
InGaAs technology products. Apart from a broad SWIR technology-related product portfolio, the
company’s strong brand image and customer base have helped it gain a significant position in the
SWIR market.
The company provides a number of area scan SWIR cameras and line scan SWIR cameras, which are
used in various applications, including security and surveillance, machine vision, semiconductor
inspection, spectroscopy, and thermography.
FLIR Systems experience of over 35 years in the infrared imaging industry, coupled with its strong
brand image and sales and distribution network, has helped it gain a prominent position in the SWIR
market.