The global SWIR market is projected to grow from USD 177 million in 2020 to USD 279 million by 2025; it is expected to grow at a CAGR of 9.5% from 2020 to 2025.
Factors such as the rising demand for line-scan SWIR cameras for machine vision applications, increasing penetration of SWIR cameras in the military & defense vertical, and growing adoption of SWIR cameras in commercial applications are expected to drive market growth.
Line-scan SWIR, by scanning type, to grow at the highest CAGR during the forecast period
Line-scan SWIR technology contains a single row of pixels used to capture data very quickly.
As the object moves past the camera, a complete image can be reconstructed in the software, line by line.
Line-scan systems are best employed in high-speed processing or fast-moving conveyor line applications.
Unlike area-scan detectors, a line-scan detector can expose a new image while the previous image is still transferring its data as the pixel readout is faster than the camera exposure.
Monitoring and Inspection, by application type, to grow at the highest CAGR during the forecast period
The increase in the use of SWIR technology in inspection of manufacturing of products like glass, food and beverage, automobile etc. has led to the increase in the demand of SWIR technology.
Moreover, SWIR technology is used in monitoring applications in order to make sure the product is built with the specifications which are standardized by the manufacturer.
Uncooled SWIR technology to account for the largest market share during the forecast period
The growth of this segment can be attributed to the long service life and low sensitivity to light exposure of uncooled SWIR cameras, as well as the use of vanadium oxide resistors.
The common type of thermal imaging devices – uncooled systems – operates quietly and can be activated immediately.
Security & surveillance is the major application area for which uncooled SWIR cameras are used in the shortwave infrared market.
APAC is expected to grow at the highest CAGR during the forecast period
As the region’s electronic manufacturing capabilities are increasing, especially in countries such as China, Japan, and India, the demand for SWIR technology is growing.
A camera’s ability to see through semiconductor materials using SWIR technology is extremely beneficial to the manufacturing process as infrared images highlight defects such as cracks inside the silicon wafer.
SWIR systems save manufacturers money and help eliminate waste. High frame rate SWIR cameras are extremely effective at these tasks.
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