SWIR Camera Market Size and Detailed Analysis Focusing On Key Players | Fortune Business Insights
- Rahul Gadve
- Sep 7, 2020
- 5 min read
The global "SWIR camera market" size is projected to reach USD 419.0 million by 2027, exhibiting a CAGR of 11.4% during the forecast period. Unhindered spread of the novel coronavirus across the globe is stoking the adoption of thermal cameras and fueling the market growth, shares Fortune Business Insights™ in its report, titled “SWIR Camera Market Size, Share and Covid-19 Impact Analysis, By Product (SWIR Linear Camera, SWIR Area Camera), By Application (Inspection and Quality Control, Security and Surveillance, Astronomy, Thermography, Spectroscopy, and Others), By End-user (Industrial Manufacturing, Aerospace and Defense, Scientific Research and Life Sciences, and Others), and Regional Forecast, 2020 – 2027”.
High body temperature is one of the primary warning signs of the COVID-19 infection in an individual. Healthcare and other professionals charged with the responsibility of testing people for fever need to perform their task diligently, while maintaining a safe distance from those being checked. An optimal solution to this predicament of frontline workers has been provided by thermal imaging devices such as SWIR camera market that use heat signatures from bodies to catch high temperatures. For example, the US Department of Defense is utilizing thermal imagers to detect fever onset among personnel entering military facilities. Thus, the COVID-19 outbreak has heightened the demand for SWIR and other infrared-based cameras, especially in health and important government agencies.
Click here to get the short-term and long-term impact of COVID-19 on this market.
The report states that SWIR Camera Market value stood at USD 178.9 million in 2019. It also offers the following:
Exhaustive study of the various factors driving the market;
Detailed analysis of the market’s restraining factors;
Piecemeal examination of all the market segments; and
In-depth research into the regional and competitive dynamics influencing market growth.
List of Key Players Profiled in this SWIR Camera Market Report:
Xenics
Sierra-Olympic Systems, Inc.
Princeton Infrared Technologies, Inc.
Lynred
IRCameras LLC
Hamamatsu Photonics K.K.
Allied Vision Technologies GmbH
Teledyne Princeton Instruments
Raptor Photonics
New Imaging Technologies (NIT)
Leonardo DRS
InView Technology Corporation
FLIR Systems, Inc.
Segmentation of SWIR Camera Market:
By Product
SWIR Linear Camera
SWIR camera market Area Camera
By Application
Inspection and Quality Control
Security and Surveillance
Astronomy
Thermography
Spectroscopy
Others
By End-user
Industrial Manufacturing
Aerospace and Defense
Scientific Research and Life Sciences
Others
By Region
North America (the U.S. and Canada)
Europe (the U.K., Germany, France, Russia, and Rest of Europe)
Asia-Pacific (Japan, China, Korea, India, Southeast Asia, and Rest of Asia-Pacific)
The Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
Latin America (Brazil, Mexico, and Rest of Latin America)
Regional Insights
Wide Adoption of Thermal Imaging Tools to Fuel the Market in North America
In 2019, the market size in North America stood at USD 60.0 million and in the coming years, the region is expected to dominate this market share. This is mainly attributable to the widespread installation of thermal imaging devices across the continent. For instance, in the US, SWIR cameras are extensively used in law enforcement operations. Strengthening this trend is the advent of smart technologies such as 5G, Artificial Intelligence (AI), and Internet of Things (IoT), which are spurring innovation among market players in the region.
In Asia-Pacific, the market growth is premised on rapid uptake of cloud computing solutions and improving internet and mobile connectivity, particularly in India and China, which are encouraging installation of thermal imaging devices. In the Middle East, increasing application of SWIR cameras in the healthcare sector is emerging as the key growth driver for the regional market.
Table of Content SWIR Camera Market:
6. North America SWIR Camera Market Analysis, Insights and Forecast, 2016-2027
6.1 Key Findings / Summary
6.2 Market Size Estimates and Forecasts
6.2.1 By Product (Value)
SWIR Linear Camera
SWIR Area Camera
6.2.2 By Application (Value)
Inspection and Quality Control
Security and Surveillance
Astronomy
Thermography
Spectroscopy
Others
6.2.3 By End-User (Value)
Industrial Manufacturing
Aerospace and Defense
Scientific Research and Life Sciences
Others
6.2.4 By Country (Value)
US
Canada
7. Europe SWIR Camera Market Analysis, Insights and Forecast, 2016-2027
7.1 Key Findings / Summary
7.2 Market Size Estimates and Forecasts
7.2.1 By Product (Value)
SWIR Linear Camera
SWIR Area Camera
7.2.2 By Application (Value)
Inspection and Quality Control
Security and Surveillance
Astronomy
Thermography
Spectroscopy
Others
7.2.3 By End-User (Value)
Industrial Manufacturing
Aerospace and Defense
Scientific Research and Life Sciences
Others
7.2.4 By Country (Value)
Germany
UK
France
Russia
Rest of Europe
8. Asia Pacific SWIR Camera Market Analysis, Insights and Forecast, 2016-2027
8.1 Key Findings / Summary
8.2 SWIR Camera Market Size Estimates and Forecasts
8.2.1 By Product (Value)
SWIR Linear Camera
SWIR Area Camera
8.2.2 By Application (Value)
Inspection and Quality Control
Security and Surveillance
Astronomy
Thermography
Spectroscopy
Others
8.2.3 By End-User (Value)
Industrial Manufacturing
Aerospace and Defense
Scientific Research and Life Sciences
Others
8.2.4 By Country (Value)
China
Japan
Korea
India
Southeast Asia
Rest of Asia-Pacific
9. Middle East and Africa SWIR Camera Market Analysis, Insights and Forecast, 2016-2027
9.1 Key Findings / Summary
9.2 SWIR Camera Market Size Estimates and Forecasts
9.2.1 By Product (Value)
SWIR Linear Camera
SWIR Area Camera
9.2.2 By Application (Value)
Inspection and Quality Control
Security and Surveillance
Astronomy
Thermography
Spectroscopy
Others
9.2.3 By End-User (Value)
Industrial Manufacturing
Aerospace and Defense
Scientific Research and Life Sciences
Others
9.2.4 By Country (Value)
GCC
South Africa
Rest of Middle East & Africa
KEY QUESTIONS ANSWERED:
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the Wearable Medical Devices Market growth?
What are the key technological and market trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
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Competitive Landscape
Strategic Launch of Novel Products by Key Players to Augment Competition
Key players in this market are constantly engaged in a healthy competition to develop and introduce niche and innovative products to gain a definitive edge. As a result, many companies are enhancing their R&D capacity through increased investments, collaborations, and acquisitions.
Industry Developments:
May 2020: France-based New Imaging Technologies (NIT) launched its SWIR camera market called HiPe SenS for applications in long exposure time and low light environments. The camera is powered by the company’s newest SWIR sensor, NSC1902T-SI, which features an ultra-low dark current and low noise operation.
February 2020: US-based Teledyne Princeton Instruments expanded its NIRvana®SWIR product range, with the addition of the NIRvana HS. The novel camera offers leverages the power of second near-infrared window to cater to the diverse requirements of the medical, industrial, and scientific domains.
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