Shortwave Infrared Camera Market size is expected to be valued at USD 173.5 million in 2022 which is expected to grow at a CAGR of 9.2% over 2022-2028. Shortwave Infrared (SWIR) light is referred to as light in the wavelength range of 0.9-0.7 μm but can also be differentiated from 0.7 – 2.5μm. it is used in various cases such as solar cell inception, sorting and identifying, anti-imitating, produce inception, electric board inception, process control, etc. they are used to spot and catch radiations, which are not visible to human eyes and then capture them. SWIR cameras are used as independent devices as well as combined with various other devices which is used in military, medical, photovoltaics, telecommunication, security and surveillance, machine vision, instrumentation, spectroscopy and thermography. SWIR cameras are used as an autonomous device as well as integrated with various devices utilized in security and surveillance, military, machine vision, medical, spectroscopy, photovoltaics, thermography, telecommunication, and instrumentation. Increasing usage in machine vision can lead to the growth of the shortwave infrared (SWIR) camera market size. Moreover, low power consumption, temperature measurement ability, and capability to detect fire are some primary factors that can boost the global Shortwave Infrared (SWIR) Camera market. Apart from these, government initiatives to upgrade military and defense equipment can also accelerate the market in the future. Increasing application of object detection and surveillance for scientific research and increasing demand for night vision technologies can also drive the global market further. However, the high cost of manufacturing and stringent regulatory standards related to the export and import of SWIR cameras can restrain the growth of the market. Increasing demand for SWIR cameras for use in new areas can create an opportunity for the growth of the global shortwave infrared (swir) camera market size.
Recent Market Developments:
In June 2021, A500f/A700f cameras were announced by Teledyne FLIR Systems for the detection and monitoring of fire.
In May 2021, the Alvium CSI-2 camera series was expanded by Allied Vision Technologies by adding features like high-quality CMOS sensors with Pregius S global shutter technology.