The Shortwave Infrared (SWIR) Camera Market is being driven by Increased government investments in military devices
The Shortwave Infrared (SWIR) Camera Market is expected to grow at a CAGR of 9.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 143.8 million. The market for Shortwave Infrared (SWIR) cameras is experiencing significant growth due to their increasing adoption in various industries and consumer applications. One notable application is in smartphones, where SWIR cameras enable devices to function effectively in complete darkness. For instance, Lumigon, a Danish company, introduced the T3 smartphone, which incorporates a 4 MP night vision SWIR camera and dual IR flash. This innovation allows users to see in total darkness. Additionally, portable devices like snooperscope, which are compatible with both Android and iOS, can transform smartphones into night vision cameras by utilizing IR light and the device's screen to observe images in low-light conditions.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
244 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.8% |
Market growth 2025-2029 |
USD 143.8 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
8.5 |
Key countries |
US, China, Japan, India, Canada, South Korea, UK, Germany, Italy, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Shortwave Infrared (SWIR) Camera Market encompasses applications in various sectors, including environmental monitoring, non-destructive testing, and agriculture. Applications in agriculture span from precision farming and sustainable practices, to soil moisture measurement, crop health monitoring, and microbe assessment for disease diagnostics. In addition, SWIR cameras are utilized in defense equipment, machine vision systems, food safety monitoring, and food quality control. Remote sensing technology, drone technology, and water resource management are other significant industries leveraging SWIR imaging applications. Furthermore, SWIR cameras find use in spectral imaging, InGaAs sensor applications, climate modeling, military surveillance, and thermal analysis for condition monitoring and heat signature analysis. Real-time monitoring, data analytics, image analysis, and thermal profiling are essential capabilities of SWIR cameras, enabling pattern recognition and early disease detection in various industries.
The Shortwave Infrared (SWIR) camera market is a significant segment of the global electronic equipment and instruments industry. This market is driven by the increasing demand for SWIR cameras in various sectors such as disease assessment, soil analysis, climate change research, vision enhancement, and food dryness monitoring. SWIR cameras are essential tools for detecting diseases in plants and animals, assessing soil quality, and studying climate change patterns. In addition, they are used for enhancing vision in low-light conditions and ensuring food dryness in agriculture. The global electronic equipment and instruments market, which includes the SWIR camera market, is expected to grow due to the rising demand for electronic test and measurement equipment across industries like semiconductors, automotive, healthcare, energy, and consumer electronics. This growth is fueled by technological advancements and digital transformation, leading to increased adoption of sophisticated instruments like SWIR cameras.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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