Shortwave Infrared (SWIR) Market Trends, Growth Drivers, Size, Key Player and Future Outlook
Shortwave Infrared (SWIR) Market Growth, Size, Trends Analysis - By Offering, By Imaging Type, By Technology, By Vertical- Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Mar-2025 | Report ID: IACT2536 | Pages: 1 - 249 | Formats*: |
| Category : Information & Communications Technology | |||
Shortwave Infrared (SWIR) Market Introduction and Overview
According to SPER Market Research, the Global Shortwave Infrared (SWIR) Market is estimated to reach USD 1921.89 million by 2034 with a CAGR of 12.29%.
The report includes an in-depth analysis of the Global Shortwave Infrared (SWIR) Market, including market size and trends, Interface mix, Applications, and supplier analysis. Shortwave Infrared (SWIR) refers to the spectral range of 900 nm to 2500 nm, offering superior imaging capabilities in low-light conditions, fog, and through certain materials like plastics and fabrics. SWIR technology is widely used in defense, industrial inspection, remote sensing, and medical imaging due to its ability to capture high-contrast images beyond the visible spectrum. The market is growing due to increasing demand in security surveillance, automation, and hyperspectral imaging applications. Additionally, advancements in sensor technology and declining costs of InGaAs-based detectors are boosting adoption. However, challenges such as high initial costs, limited consumer awareness, and technical complexities in integrating SWIR sensors with existing systems hinder widespread commercialization. Overcoming these barriers will be crucial for sustained market growth.
By Offering Insights: Based on Offering the market is divided into two segments: Solution and Services. The solution category dominated the SWIR market in 2024 owing to rising demand for advanced imaging and sensing technologies across numerous industries. Due to its capacity to improve visibility in difficult conditions including fog, smoke, and low light, SWIR cameras, sensors, and associated software are becoming more and more in demand. Furthermore, these solutions are now more widely available because to improvements in SWIR technology, such as increased resolution and cost effectiveness.
By Imaging Type Insights: Based on Imaging Type the market is divided into three segments: Spectral Imaging, Thermal Imaging and Hyperspectral Imaging. In 2024, the market with the biggest revenue share was the thermal imaging sector. SWIR thermal imaging is extremely useful for military and security operations because it can identify heat signatures and take high-contrast pictures in difficult situations like smoke, darkness, or extremely high or low temperatures. Thermal imaging is also being used by sectors including industry and energy for predictive maintenance, defect identification, and equipment monitoring. The increasing emphasis on safety, combined with improvements in sensor technology and cost effectiveness, is driving the use of SWIR thermal imaging solutions in a number of industries.
By Technology Insights: Based on Technology the market is divided into two segments: Cooled and Uncooled. In 2024, the shortwave infrared market's greatest revenue share was generated by the uncooled category. Uncooled SWIR cameras are less expensive, use less energy, and are simpler to incorporate into a variety of applications than cooled SWIR systems because they don't need cryogenic cooling. For industries where reduced prices and ease of use are crucial, such as industrial inspection, automotive, and security, this technology is especially alluring. Furthermore, improvements in uncooled sensor performance such as increased sensitivity and robustness are opening up new applications in a variety of industries, such as environmental monitoring and agriculture.
By Vertical Insights: Based on Vertical the market is divided into six segments: Electronics & Communication, Military & Defense, Medical & Healthcare, Food & Beverage, Automotive and Others. In 2024, the biggest market revenue share was held by the military and defense segment. SWIR technology is crucial for military applications because it provides improved imaging capability in difficult situations like low light levels and through atmospheric obscurants. Additionally, investment in SWIR systems for uses like target acquisition, intelligence collection, and situational awareness is being driven by the demand for updated equipment as well as the increase in defense budgets across different nations. Technological developments in SWIR sensors, which increase detection range and image quality and reinforce their crucial role in military operations, further encourage this rise.
By Regional Insights: In 2024, North America dominated the shortwave infrared market. The demand for SWIR systems, especially for surveillance and reconnaissance, is driven by the region's significant emphasis on military and defense applications. Furthermore, SWIR technology is being used more and more in the expanding medical and healthcare industries for non-invasive imaging and diagnostics. Government programs to improve photonics and imaging system research and development also support market expansion.
Market Competitive Landscape:
The market for Shortwave Infrared (SWIR) is very competitive. Startups and research institutions are exploring alternative materials, such as quantum dots and colloidal nanocrystals, to reduce costs and improve performance. Some of the prominent players in Global Shortwave Infrared (SWIR) Market are Allied Vision Technologies, Collins Aerospace, Corning Incorporated, Fluke Corporation, Hamamatsu Photonics K.K., Leonardo DRS, Lynred, New Imaging Technologies (NIT), Raptor Photonics, Teledyne FLIR LLC.
Recent Developments:
- In July 2024, Onsemi (Semiconductor Components Industries, LLC) purchased SWIR VISION SYSTEMS, INC., a business renowned for its cutting-edge colloidal quantum dot (CQD)-based SWIR technology. This technique improves photography in fields like industrial automation, surveillance, and driverless cars by enabling sensors to take pictures outside of the normal visible spectrum. Onsemi hopes to offer more affordable, high-performance imaging solutions for a range of industries, including defense and automotive, by combining SWIR with its CMOS sensors.
- In April 2024, New Imaging Technologies (NIT) unveiled its most recent development in SWIR imaging technology: a high-resolution SWIR InGaAs sensor that is specifically designed to meet the most difficult problems in the industry. The new SWIR, NSC2101, is an 8µm pixel pitch high-performance InGaAs sensor that provides an amazing 2 MPIX resolution at 1920x1080px. It guarantees exceptional image quality even under taxing circumstances thanks to its ultra-low noise level of only 25e
- In October 2023, Omron Corporation has launched a new series of SWIR cameras aimed at improving precision inspection in manufacturing. These cameras are perfect for identifying flaws in materials like silicon, glass, and plastics because they provide sight that is beyond the reach of conventional vision systems. Higher accuracy product inspection at different phases of manufacturing is made possible by SWIR technology, which enhances quality control and lowers waste.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Offering, By Imaging Type, By Technology, By Vertical. |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. |
| Companies Covered | Allied Vision Technologies, Collins Aerospace, Corning Incorporated, Fluke Corporation, Hamamatsu Photonics K.K., Leonardo DRS, Lynred, New Imaging Technologies (NIT), Raptor Photonics, Teledyne FLIR LLC and others. |
Key Topics Covered in the Report:
- Global Shortwave Infrared (SWIR) Market Size (FY’2025-FY’2034)
- Overview of Global Shortwave Infrared (SWIR) Market
- Segmentation of Global Shortwave Infrared (SWIR) Market By Offering (Solution and Services)
- Segmentation of Global Shortwave Infrared (SWIR) Market By Imaging Type (Spectral Imaging, Thermal Imaging and Hyperspectral Imaging)
- Segmentation of Global Shortwave Infrared (SWIR) Market By Technology (Cooled and Uncooled)
- Segmentation of Global Shortwave Infrared (SWIR) Market By Vertical (Electronics & Communication, Military & Defense, Medical & Healthcare, Food & Beverage, Automotive and Others)
- Statistical Snap of Global Shortwave Infrared (SWIR) Market
- Expansion Analysis of Global Shortwave Infrared (SWIR) Market
- Problems and Obstacles in Global Shortwave Infrared (SWIR) Market
- Competitive Landscape in the Global Shortwave Infrared (SWIR) Market
- Details on Current Investment in Global Shortwave Infrared (SWIR) Market
- Competitive Analysis of Global Shortwave Infrared (SWIR) Market
- Prominent Players in the Global Shortwave Infrared (SWIR) Market
- SWOT Analysis of Global Shortwave Infrared (SWIR) Market
- Global Shortwave Infrared (SWIR) Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPERs internal database2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Shortwave Infrared (SWIR) Market Manufacturing Base Distribution, Sales Area, Interface Type6.2. Mergers & Acquisitions, Partnerships, Interface Launch, and Collaboration in Global Shortwave Infrared (SWIR) Market
7. Global Shortwave Infrared (SWIR) Market, By Offering (USD Million) 2021-2034
7.1. Solution7.2. Services
8. Global Shortwave Infrared (SWIR) Market, By Imaging Type (USD Million) 2021-2034
8.1. Spectral Imaging8.2. Thermal Imaging8.3. Hyperspectral Imaging
9. Global Shortwave Infrared (SWIR) Market, By Technology (USD Million) 2021-2034
9.1. Cooled9.2. Uncooled
10. Global Shortwave Infrared (SWIR) Market, By Vertical (USD Million) 2021-2034
10.1. Electronics and Communication10.2. Military and Defense10.3. Medical and Healthcare10.4. Food & Beverage10.5. Automotive10.6. Others
11. Global Shortwave Infrared (SWIR) Market, (USD Million) 2021-2034
11.1. Global Shortwave Infrared (SWIR) Market Size and Market Share
12. Global Shortwave Infrared (SWIR) Market, By Region, (USD Million) 2021-2034
12.1. Asia-Pacific
12.1.1. Australia12.1.2. China12.1.3. India12.1.4. Japan12.1.5. South Korea12.1.6. Rest of Asia-Pacific
12.2. Europe
12.2.1. France12.2.2. Germany12.2.3. Italy12.2.4. Spain12.2.5. United Kingdom12.2.6. Rest of Europe
12.3. Middle East and Africa
12.3.1. Kingdom of Saudi Arabia12.3.2. United Arab Emirates12.3.3. Qatar12.3.4. South Africa12.3.5. Egypt12.3.6. Morocco12.3.7. Nigeria12.3.8. Rest of Middle-East and Africa
12.4. North America
12.4.1. Canada12.4.2. Mexico12.4.3. United States
12.5. Latin America
12.5.1. Argentina12.5.2. Brazil12.5.3. Rest of Latin America
13. Company Profile
13.1. Allied Vision Technologies
13.1.1. Company details13.1.2. Financial outlook13.1.3. Interface summary13.1.4. Recent developments
13.2. Collins Aerospace
13.2.1. Company details13.2.2. Financial outlook13.2.3. Interface summary13.2.4. Recent developments
13.3. Corning Incorporated
13.3.1. Company details13.3.2. Financial outlook13.3.3. Interface summary13.3.4. Recent developments
13.4. Fluke Corporation
13.4.1. Company details13.4.2. Financial outlook13.4.3. Interface summary13.4.4. Recent developments
13.5. Hamamatsu Photonics K. K.
13.5.1. Company details13.5.2. Financial outlook13.5.3. Interface summary13.5.4. Recent developments
13.6. Leonardo DRS
13.6.1. Company details13.6.2. Financial outlook13.6.3. Interface summary13.6.4. Recent developments
13.7. Lynred
13.7.1. Company details13.7.2. Financial outlook13.7.3. Interface summary13.7.4. Recent developments
13.8. New Imaging Technologies (NIT)
13.8.1. Company details13.8.2. Financial outlook13.8.3. Interface summary13.8.4. Recent developments
13.9. Raptor Photonics
13.9.1. Company details13.9.2. Financial outlook13.9.3. Interface summary13.9.4. Recent developments
13.10. Teledyne FLIR LLC
13.10.1. Company details13.10.2. Financial outlook13.10.3. Interface summary13.10.4. Recent developments
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Shortwave Infrared (SWIR) Market is projected to reach USD 1921.89 million by 2034, growing at a CAGR of 12.29% during the forecast period.
Shortwave Infrared (SWIR) Market grew in Market size from 2025. The Market is expected to reach USD 1921.89 million by 2034, at a CAGR of 12.29% during the forecast period.
Shortwave Infrared (SWIR) Market CAGR of 12.29% during the forecast period.
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Shortwave Infrared (SWIR) Market size is USD 1921.89 million from 2025 to 2034.
Shortwave Infrared (SWIR) Market is covered By Offering, By Imaging Type, By Technology, By Vertical.
The North America is anticipated to have the highest Market share in the Shortwave Infrared (SWIR) Market.
The key players in the Market include Companies Covered Allied Vision Technologies, Collins Aerospace, Corning Incorporated, Fluke Corporation, Hamamatsu Photonics K.K., Leonardo DRS, Lynred, New Imaging Technologies (NIT), Raptor Photonics, Teledyne FLIR LLC and others.
Shortwave Infrared (SWIR) refers to the spectral range of 900 nm to 2500 nm, offering superior imaging capabilities in low-light conditions, fog, and through certain materials like plastics and fabrics. SWIR technology is widely used in defense, industrial inspection, remote sensing, and medical imaging due to its ability to capture high-contrast images beyond the visible spectrum.
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