SWIR Camera Market
to grow...
Shortwave
Infra-Red (SWIR) Camera Market is anticipated to grow at a CAGR
of 7.1% during the forecast period of 2018-2025 Says Esticast
Research and Consulting
"With the rapid development of imaging technology and optics,
SWIR cameras would experience a hike in demand for various commercial
as well governmental applications such as product inspection,
counterfeit object detection and defense and military sector."
North America held nearly 1/3rd share of the overall market in
2017, owing to high adoption within military and other commercial
activities
United States is the largest consumer of SWIR technology especially
for homeland security which includes prevention of terroristic
attacks, oil spills in the marine environment and other public
disputes. In 2013, officials of the U.S. Air Force Research Laboratory
at Wright-Patterson Air Force Base, Ohio, issued a broad agency
announcement for the Industrial Base for Low Cost Shortwave Infrared
(SWIR) Camera Cores program.
Moreover, favorable initiatives taken by the U.S. government
for the development of biological sciences and agriculture are
motivating authorities to emphasize more on the R&D of imaging
techniques, hence opening a growth pathway for the market.
Area cameras to exhibit an impressive growth during the forecast
period with increasing demand from the defense sector
In the current scenario, there are numerous countries which are
dealing with immense border disputes and terrorism threats. This
has led to an increase in safety concerns of the respective governments
and has compelled them to adopt the latest defense components.
SWIR area cameras have emerged out as an eagle's eye for securing
the risky zones. They can be mounted upon trucks, buildings,
UAVs and can proficiently detect any kind of human activity or
threat, even in dark and foggy situations. Moreover, these cameras
are highly preferred by the geologists in order to study various
physical aspects of the earth.
Expanding the product portfolio and enhancing the products will
assist the major players to excel in the market.
Major market players are investing a generous share of their
revenue in the R&D activities, in order to launch enhanced
products. In May, 2017, Princeton Instruments introduced a new
class of high-quality, indium-arsenide (InAs)-based, short-wave
infrared (SWIR), which is being used for in vivo imaging by researchers
at the MIT. Acquiring other players is also helping companies
to enhance their technical capability and strengthen their foothold
in the market. In January, 2018, SCD acquired US based Quantum
Imaging, with the intention of strengthening and expanding SCD's
SWIR related activities in the US defense and homeland security
markets.
KEY FINDINGS OF THE RESEARCH
* The market in Asian countries, such as China and India is expected
to grow with the fastest rate during (2018 - 2025).
* Linear cameras are expected to witness a CAGR of 8.31% during
the forecast period.
* By application, optical communication segment dominated the
global market in 2017, holding nearly 3/7th of the global market.
Some major market players active in the industry are Sensors
Unlimited, Xenics, Photonic Science, Princeton Instruments, Axiom
Optics, New Imaging Technologies, IR Cameras, Atik Cameras, and
Raptor.
More information can be found at https://www.esticastresearch.com/market-reports/shortwave-ir-camera-market
March 2018
