SWIR Camera Market size was USD 0.168 billion in 2023 and will grow at a CAGR of 8.90% from 2023-2030: Cognitive Market Research
Introduction of?SWIR Camera
Short-wave infrared (SWIR) defines a specific wavelength range over which optical and electronic components are designed and coated. SWIR imaging offers a number of advantages compared to visible when used for inspection, sorting, surveillance, quality control, and host of other applications. Key players in the SWIR Camera Market employ various strategies to maintain and enhance their market presence. These strategies include increasing adoption of SWIR cameras in military and defense to capture images with high sensitivity and wide dynamic range to fuel the market, advancements in agriculture to boost the market growth, increase in penetration of SWIR cameras in military & defense vertical, rising adoption of shortwave IR from the military and defense sector and the contracts among public and private players. Shortwave IR camera absorption in the military & defense vertical is growing.?These strategies help key players capture a significant market share in the dynamic SWIR Camera Market.
For instance, in November 2019, Hamamatsu Photonics K.K., a Japanese manufacturer of optical sensors, IR cameras, and electric light sources, launched 'C15333-10E InGaAs' line scan camera device for inline non-destructive inspection incorporated with SWIR imaging technology. The new camera with a fast line rate is ideal for industrial applications due to its low-noise and high-sensitivity properties.?
Key Insights from SWIR Camera Market Report
The Global SWIR Camera Market size was?USD 0.168 billion in 2023 and will grow at a CAGR of 8.90% from 2023 to 2030.
Increasing Adoption of SWIR Cameras in Military and Defense to Capture Images Fuel the Market to Provide Viable Market Output
In order to reduce expenses, the military and defense industry is leaning towards the adoption of innovative cameras and mounted devices to achieve flawless vision capabilities under adverse weather conditions. Owing to the recent technological advances, optics organizations, and government labs are focused on developing IR cameras with improved low-light-level vision, enhanced recognition capability, and reduced power consumption and cost.?
For instance, in April 2020, Brisbane-based Bigmate Monitoring Services Pty Ltd. launched its thermal imaging system for workers. Once located near the entrance or corridor, the device known as 'Thermy' can sense several sections with elevated temperatures concurrently in real- time. With Thermy, companies may set up a pre-screening monitoring program to recognize individuals with elevated skin temperatures, which, in effect, can minimize the threat of virus impact on the workforce.
Market Dynamics for the SWIR Camera Market
The electronics and semiconductor industry is among the main civilian applications of IR imaging devices. Driven by applications in military activities and adopted by electronics and related industries, including the photovoltaic industry, shortwave infrared cameras can be used in most major vertical sectors, including chemical, medicinal, metal, and glass manufacturing, agricultural, protection, transport, and security industries.
Impact of the Covid-19 on the SWIR Camera Market
Ever since COVID-19 started spreading through the world earlier this year, thermal camera and sensor manufacturers of the SWIR system started promoting the devices as an efficient solution to test people for fever from a distance. Cameras that can interpret heat signatures on individuals and objects have generally been used in industrial and military environments. However, these cameras may also be used to aid organizations to manage the pandemic and assess the disease. High fever is one of the basic symptoms of COVID-19.?
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Competitive Landscape OF the?SWIR Camera Market
This market report offers qualitative and quantitative insights into the market and a detailed analysis of market size & growth rate for all possible segments in the market. Along with this, the report provides an elaborative analysis of market dynamics, emerging trends, and competitive landscape.
SWIR Camera Industry News
For instance, in April 2022, TriEye, a producer of the first mass-market Short-Wave Infrared (SWIR) sensing technology, announced a collaboration with Toshiba Teli, a global player in providing integrated cameras for automation. The two companies are working to commercialize a SWIR camera for industrial-related processes and applications. The partnership will leverage TriEye'sSWIR sensing technology to provide vision systems with an additional layer of information, reshaping the industrial sector and enhancing process capabilities.
Top Companies Market Share in SWIR Camera Industry:
SWIR Camera Market Analysis
Product Segment Analysis
According to Cognitive Market Research, SWIR Linear Camera held the major market share over the forecast period. The linear scan camera segment is expected to witness high growth during the forecast period, mainly attributed to the high resolution and efficiency it provides. Since line-scan cameras use a thin strip of the pixel, they may create continuous images that are not restricted to a fixed vertical range, allowing for far greater resolution than area-scan sensors in both 2D and 3D. Linear types of cameras are ideally designed for applications involving the detection of quick-moving objects.
SWIR Area Camera is the fastest-growing category over the forecast period; the area-scan cameras have a more general function. Used in most computer vision devices, they include a broad pixel matrix that captures a 2D view of a specified scene in a single processing period of horizontal and vertical components, for example, in 640 x 480 pixels. Although they can have smoother setup and orientation, they are not often effective where an item under examination changes or cannot be used in a realistic size field of view.
Application Segment Analysis
According to Cognitive Market Research, Inspection and Quality control hold a prominent market share; employing advanced technologies like computer vision, sensors, and artificial intelligence, this segment enables automated inspection of goods, minimizing errors and enhancing efficiency. Automated systems can analyze components, measure dimensions, and assess product quality at high speeds, leading to improved accuracy and reduced production costs.
Thermography is the fastest-growing category over the forecast period; The thermography segment is expected to register highest growth during the forecast period. This growth is mainly owing to the increased acceptance of SWIR imaging cameras for temperature detection among governments to fight against coronavirus.
End User Segment Analysis
According to Cognitive Market Research, Industrial Manufacturing holds a prominent market share; These cameras excel in detecting defects and anomalies in materials that may go unnoticed by the human eye or other imaging technologies. With the ability to operate effectively in low-light conditions and provide high-resolution images, SWIR cameras ensure precision in identifying manufacturing flaws, enhancing product quality, and reducing waste.??
Aerospace and defense sector is the fastest-growing category over the forecast period; SWIR technology aids in identifying potential threats and ensuring accurate target acquisition. The aerospace and defense sector relies on SWIR cameras to provide clear, high-resolution imagery, enhancing overall operational effectiveness and supporting national security objectives.
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In terms of revenue, the North America Swir Camera share was 40% of the total market
According to Cognitive Market Research, North America dominated the market in 2023 and accounted for around 40% of the global revenue; North America held the largest share of the SWIR market in 2021. One of the major reasons for the leading position of North America is the presence of several prominent military & defense, scientific research, and medical players in North America that are generating demand for SWIR cameras. Moreover, several companies offering SWIR cameras are present in this region, which further adds to the growth of the SWIR market in North America.
Europe industries such as aerospace, defense, and healthcare are adopting SWIR cameras for enhanced vision in challenging environments. The automotive sector is utilizing SWIR cameras for driver assistance systems and object recognition.
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