The Global Shortwave Infrared Market size is expected to reach $1.24 billion by 2031, rising at a market growth of 11.5% CAGR during the forecast period.
SWIR technology is increasingly used in medical imaging to enhance tissue visualization, identify abnormalities, and support surgical procedures. Its ability to provide detailed insights into biological structures with minimal interference has led to its rising adoption in healthcare settings, particularly for cancer detection, wound monitoring, and ophthalmology. Thus, the medical and healthcare segments procured 11% revenue share in the market in 2023.
The increasing demand for Shortwave Infrared (SWIR) imaging is driven by its unique ability to visualize objects and materials that are opaque to visible light. In industrial applications, SWIR technology is used for quality control, material inspection, and sorting in food processing, textiles, and plastics. Hence, increasing demand for SWIR imaging in industrial and commercial applications propels the market's growth.
Additionally, the semiconductor and electronics industries are major drivers of SWIR technology adoption. SWIR imaging plays a critical role in inspecting the microstructures of semiconductor wafers during production. In conclusion, the rising utilization of SWIR in semiconductor and electronics manufacturing is propelling the market's growth.
However, one key constraint for the market is the high manufacturing cost associated with producing SWIR imaging systems. The production of SWIR sensors and cameras requires specialized materials and complex manufacturing processes, which can be expensive. Therefore, high manufacturing costs and limited economies of scale hinder the market's growth.
Offering Outlook
Based on offerings, the market is divided into solution and services. The services segment held 29% revenue share in the market in 2023. This segment includes professional services like installation, maintenance, consulting, and system integration. These services are pivotal for the effective implementation and sustained performance of SWIR solutions.
Imaging Type Outlook
On the basis of imaging type, the market is segmented into spectral imaging, thermal imaging, and hyperspectral imaging. In 2023, the spectral imaging segment attained 51% revenue share in the market. Spectral imaging enables detailed material analysis by capturing data across multiple wavelengths, allowing for precise identification of chemical compositions and structural properties.
Technology Outlook
Based on technology, the market is categorized into cooled and uncooled. The cooled segment witnessed 47% revenue share in the market in 2023. Cooled SWIR sensors are equipped with cryogenic cooling systems that minimize thermal noise, enabling superior image clarity and accuracy, particularly in defense, aerospace, and scientific research.
Vertical Outlook
By vertical, the market is divided into electronics & communication, military & defence, medical & healthcare, food & beverage, automotive, industrial and others. In 2023, the food & beverage segment held 10% revenue share in the market. SWIR technology application in this sector primarily focuses on quality control and inspection.
Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region generated 26% revenue share in the market in 2023. Rapid industrialization, particularly in countries like China, Japan, and India, has increased demand for SWIR technology in manufacturing, quality control, and automotive inspection applications.
List of Key Companies Profiled
- Teledyne Technologies Incorporated
- Corning Incorporated
- Leonardo SpA (Leonardo DRS, Inc.)
- Hamamatsu Photonics K.K.
- Fortive Corporation (Fluke Corporation)
- Collins Aerospace (RTX Corporation)
- Xenics NV
- Allied Vision Technologies GmbH
- IRCameras LLC (Santa Barbara Infrared)
- New Imaging Technologies (NIT)
Global Shortwave Infrared Market Report Segmentation
By Offering
By Imaging Type
- Spectral Imaging
- Thermal Imaging
- Hyperspectral Imaging
By Technology
By Vertical
- Military & Defense
- Industrial
- Electronics & Communication
- Medical & Healthcare
- Food & Beverage
- Other Vertical
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Shortwave Infrared Market, by Offering
- 1.4.2 Global Shortwave Infrared Market, by Imaging Type
- 1.4.3 Global Shortwave Infrared Market, by Technology
- 1.4.4 Global Shortwave Infrared Market, by Vertical
- 1.4.5 Global Shortwave Infrared Market, by Geography
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 Market Share Analysis, 2023
- 4.2 Strategies Deployed in Shortwave Infrared Market
- 4.3 Porter Five Forces Analysis
Chapter 5. Global Shortwave Infrared Market by Offering
- 5.1 Global Solution Market by Region
- 5.2 Global Services Market by Region
Chapter 6. Global Shortwave Infrared Market by Imaging Type
- 6.1 Global Spectral Imaging Market by Region
- 6.2 Global Thermal Imaging Market by Region
- 6.3 Global Hyperspectral Imaging Market by Region
Chapter 7. Global Shortwave Infrared Market by Technology
- 7.1 Global Uncooled Market by Region
- 7.2 Global Cooled Market by Region
Chapter 8. Global Shortwave Infrared Market by Vertical
- 8.1 Global Military & Defense Market by Region
- 8.2 Global Industrial Market by Region
- 8.3 Global Electronics & Communication Market by Region
- 8.4 Global Medical & Healthcare Market by Region
- 8.5 Global Food & Beverage Market by Region
- 8.6 Global Other Vertical Market by Region
Chapter 9. Global Shortwave Infrared Market by Region
- 9.1 North America Shortwave Infrared Market
- 9.1.1 North America Shortwave Infrared Market by Offering
- 9.1.1.1 North America Solution Market by Country
- 9.1.1.2 North America Services Market by Country
- 9.1.2 North America Shortwave Infrared Market by Imaging Type
- 9.1.2.1 North America Spectral Imaging Market by Country
- 9.1.2.2 North America Thermal Imaging Market by Country
- 9.1.2.3 North America Hyperspectral Imaging Market by Country
- 9.1.3 North America Shortwave Infrared Market by Technology
- 9.1.3.1 North America Uncooled Market by Country
- 9.1.3.2 North America Cooled Market by Country
- 9.1.4 North America Shortwave Infrared Market by Vertical
- 9.1.4.1 North America Military & Defense Market by Country
- 9.1.4.2 North America Industrial Market by Country
- 9.1.4.3 North America Electronics & Communication Market by Country
- 9.1.4.4 North America Medical & Healthcare Market by Country
- 9.1.4.5 North America Food & Beverage Market by Country
- 9.1.4.6 North America Other Vertical Market by Country
- 9.1.5 North America Shortwave Infrared Market by Country
- 9.1.5.1 US Shortwave Infrared Market
- 9.1.5.1.1 US Shortwave Infrared Market by Offering
- 9.1.5.1.2 US Shortwave Infrared Market by Imaging Type
- 9.1.5.1.3 US Shortwave Infrared Market by Technology
- 9.1.5.1.4 US Shortwave Infrared Market by Vertical
- 9.1.5.2 Canada Shortwave Infrared Market
- 9.1.5.2.1 Canada Shortwave Infrared Market by Offering
- 9.1.5.2.2 Canada Shortwave Infrared Market by Imaging Type
- 9.1.5.2.3 Canada Shortwave Infrared Market by Technology
- 9.1.5.2.4 Canada Shortwave Infrared Market by Vertical
- 9.1.5.3 Mexico Shortwave Infrared Market
- 9.1.5.3.1 Mexico Shortwave Infrared Market by Offering
- 9.1.5.3.2 Mexico Shortwave Infrared Market by Imaging Type
- 9.1.5.3.3 Mexico Shortwave Infrared Market by Technology
- 9.1.5.3.4 Mexico Shortwave Infrared Market by Vertical
- 9.1.5.4 Rest of North America Shortwave Infrared Market
- 9.1.5.4.1 Rest of North America Shortwave Infrared Market by Offering
- 9.1.5.4.2 Rest of North America Shortwave Infrared Market by Imaging Type
- 9.1.5.4.3 Rest of North America Shortwave Infrared Market by Technology
- 9.1.5.4.4 Rest of North America Shortwave Infrared Market by Vertical
- 9.2 Europe Shortwave Infrared Market
- 9.2.1 Europe Shortwave Infrared Market by Offering
- 9.2.1.1 Europe Solution Market by Country
- 9.2.1.2 Europe Services Market by Country
- 9.2.2 Europe Shortwave Infrared Market by Imaging Type
- 9.2.2.1 Europe Spectral Imaging Market by Country
- 9.2.2.2 Europe Thermal Imaging Market by Country
- 9.2.2.3 Europe Hyperspectral Imaging Market by Country
- 9.2.3 Europe Shortwave Infrared Market by Technology
- 9.2.3.1 Europe Uncooled Market by Country
- 9.2.3.2 Europe Cooled Market by Country
- 9.2.4 Europe Shortwave Infrared Market by Vertical
- 9.2.4.1 Europe Military & Defense Market by Country
- 9.2.4.2 Europe Industrial Market by Country
- 9.2.4.3 Europe Electronics & Communication Market by Country
- 9.2.4.4 Europe Medical & Healthcare Market by Country
- 9.2.4.5 Europe Food & Beverage Market by Country
- 9.2.4.6 Europe Other Vertical Market by Country
- 9.2.5 Europe Shortwave Infrared Market by Country
- 9.2.5.1 Germany Shortwave Infrared Market
- 9.2.5.1.1 Germany Shortwave Infrared Market by Offering
- 9.2.5.1.2 Germany Shortwave Infrared Market by Imaging Type
- 9.2.5.1.3 Germany Shortwave Infrared Market by Technology
- 9.2.5.1.4 Germany Shortwave Infrared Market by Vertical
- 9.2.5.2 UK Shortwave Infrared Market
- 9.2.5.2.1 UK Shortwave Infrared Market by Offering
- 9.2.5.2.2 UK Shortwave Infrared Market by Imaging Type
- 9.2.5.2.3 UK Shortwave Infrared Market by Technology
- 9.2.5.2.4 UK Shortwave Infrared Market by Vertical
- 9.2.5.3 France Shortwave Infrared Market
- 9.2.5.3.1 France Shortwave Infrared Market by Offering
- 9.2.5.3.2 France Shortwave Infrared Market by Imaging Type
- 9.2.5.3.3 France Shortwave Infrared Market by Technology
- 9.2.5.3.4 France Shortwave Infrared Market by Vertical
- 9.2.5.4 Russia Shortwave Infrared Market
- 9.2.5.4.1 Russia Shortwave Infrared Market by Offering
- 9.2.5.4.2 Russia Shortwave Infrared Market by Imaging Type
- 9.2.5.4.3 Russia Shortwave Infrared Market by Technology
- 9.2.5.4.4 Russia Shortwave Infrared Market by Vertical
- 9.2.5.5 Spain Shortwave Infrared Market
- 9.2.5.5.1 Spain Shortwave Infrared Market by Offering
- 9.2.5.5.2 Spain Shortwave Infrared Market by Imaging Type
- 9.2.5.5.3 Spain Shortwave Infrared Market by Technology
- 9.2.5.5.4 Spain Shortwave Infrared Market by Vertical
- 9.2.5.6 Italy Shortwave Infrared Market
- 9.2.5.6.1 Italy Shortwave Infrared Market by Offering
- 9.2.5.6.2 Italy Shortwave Infrared Market by Imaging Type
- 9.2.5.6.3 Italy Shortwave Infrared Market by Technology
- 9.2.5.6.4 Italy Shortwave Infrared Market by Vertical
- 9.2.5.7 Rest of Europe Shortwave Infrared Market
- 9.2.5.7.1 Rest of Europe Shortwave Infrared Market by Offering
- 9.2.5.7.2 Rest of Europe Shortwave Infrared Market by Imaging Type
- 9.2.5.7.3 Rest of Europe Shortwave Infrared Market by Technology
- 9.2.5.7.4 Rest of Europe Shortwave Infrared Market by Vertical
- 9.3 Asia Pacific Shortwave Infrared Market
- 9.3.1 Asia Pacific Shortwave Infrared Market by Offering
- 9.3.1.1 Asia Pacific Solution Market by Country
- 9.3.1.2 Asia Pacific Services Market by Country
- 9.3.2 Asia Pacific Shortwave Infrared Market by Imaging Type
- 9.3.2.1 Asia Pacific Spectral Imaging Market by Country
- 9.3.2.2 Asia Pacific Thermal Imaging Market by Country
- 9.3.2.3 Asia Pacific Hyperspectral Imaging Market by Country
- 9.3.3 Asia Pacific Shortwave Infrared Market by Technology
- 9.3.3.1 Asia Pacific Uncooled Market by Country
- 9.3.3.2 Asia Pacific Cooled Market by Country
- 9.3.4 Asia Pacific Shortwave Infrared Market by Vertical
- 9.3.4.1 Asia Pacific Military & Defense Market by Country
- 9.3.4.2 Asia Pacific Industrial Market by Country
- 9.3.4.3 Asia Pacific Electronics & Communication Market by Country
- 9.3.4.4 Asia Pacific Medical & Healthcare Market by Country
- 9.3.4.5 Asia Pacific Food & Beverage Market by Country
- 9.3.4.6 Asia Pacific Other Vertical Market by Country
- 9.3.5 Asia Pacific Shortwave Infrared Market by Country
- 9.3.5.1 China Shortwave Infrared Market
- 9.3.5.1.1 China Shortwave Infrared Market by Offering
- 9.3.5.1.2 China Shortwave Infrared Market by Imaging Type
- 9.3.5.1.3 China Shortwave Infrared Market by Technology
- 9.3.5.1.4 China Shortwave Infrared Market by Vertical
- 9.3.5.2 Japan Shortwave Infrared Market
- 9.3.5.2.1 Japan Shortwave Infrared Market by Offering
- 9.3.5.2.2 Japan Shortwave Infrared Market by Imaging Type
- 9.3.5.2.3 Japan Shortwave Infrared Market by Technology
- 9.3.5.2.4 Japan Shortwave Infrared Market by Vertical
- 9.3.5.3 India Shortwave Infrared Market
- 9.3.5.3.1 India Shortwave Infrared Market by Offering
- 9.3.5.3.2 India Shortwave Infrared Market by Imaging Type
- 9.3.5.3.3 India Shortwave Infrared Market by Technology
- 9.3.5.3.4 India Shortwave Infrared Market by Vertical
- 9.3.5.4 South Korea Shortwave Infrared Market
- 9.3.5.4.1 South Korea Shortwave Infrared Market by Offering
- 9.3.5.4.2 South Korea Shortwave Infrared Market by Imaging Type
- 9.3.5.4.3 South Korea Shortwave Infrared Market by Technology
- 9.3.5.4.4 South Korea Shortwave Infrared Market by Vertical
- 9.3.5.5 Singapore Shortwave Infrared Market
- 9.3.5.5.1 Singapore Shortwave Infrared Market by Offering
- 9.3.5.5.2 Singapore Shortwave Infrared Market by Imaging Type
- 9.3.5.5.3 Singapore Shortwave Infrared Market by Technology
- 9.3.5.5.4 Singapore Shortwave Infrared Market by Vertical
- 9.3.5.6 Malaysia Shortwave Infrared Market
- 9.3.5.6.1 Malaysia Shortwave Infrared Market by Offering
- 9.3.5.6.2 Malaysia Shortwave Infrared Market by Imaging Type
- 9.3.5.6.3 Malaysia Shortwave Infrared Market by Technology
- 9.3.5.6.4 Malaysia Shortwave Infrared Market by Vertical
- 9.3.5.7 Rest of Asia Pacific Shortwave Infrared Market
- 9.3.5.7.1 Rest of Asia Pacific Shortwave Infrared Market by Offering
- 9.3.5.7.2 Rest of Asia Pacific Shortwave Infrared Market by Imaging Type
- 9.3.5.7.3 Rest of Asia Pacific Shortwave Infrared Market by Technology
- 9.3.5.7.4 Rest of Asia Pacific Shortwave Infrared Market by Vertical
- 9.4 LAMEA Shortwave Infrared Market
- 9.4.1 LAMEA Shortwave Infrared Market by Offering
- 9.4.1.1 LAMEA Solution Market by Country
- 9.4.1.2 LAMEA Services Market by Country
- 9.4.2 LAMEA Shortwave Infrared Market by Imaging Type
- 9.4.2.1 LAMEA Spectral Imaging Market by Country
- 9.4.2.2 LAMEA Thermal Imaging Market by Country
- 9.4.2.3 LAMEA Hyperspectral Imaging Market by Country
- 9.4.3 LAMEA Shortwave Infrared Market by Technology
- 9.4.3.1 LAMEA Uncooled Market by Country
- 9.4.3.2 LAMEA Cooled Market by Country
- 9.4.4 LAMEA Shortwave Infrared Market by Vertical
- 9.4.4.1 LAMEA Military & Defense Market by Country
- 9.4.4.2 LAMEA Industrial Market by Country
- 9.4.4.3 LAMEA Electronics & Communication Market by Country
- 9.4.4.4 LAMEA Medical & Healthcare Market by Country
- 9.4.4.5 LAMEA Food & Beverage Market by Country
- 9.4.4.6 LAMEA Other Vertical Market by Country
- 9.4.5 LAMEA Shortwave Infrared Market by Country
- 9.4.5.1 Brazil Shortwave Infrared Market
- 9.4.5.1.1 Brazil Shortwave Infrared Market by Offering
- 9.4.5.1.2 Brazil Shortwave Infrared Market by Imaging Type
- 9.4.5.1.3 Brazil Shortwave Infrared Market by Technology
- 9.4.5.1.4 Brazil Shortwave Infrared Market by Vertical
- 9.4.5.2 Argentina Shortwave Infrared Market
- 9.4.5.2.1 Argentina Shortwave Infrared Market by Offering
- 9.4.5.2.2 Argentina Shortwave Infrared Market by Imaging Type
- 9.4.5.2.3 Argentina Shortwave Infrared Market by Technology
- 9.4.5.2.4 Argentina Shortwave Infrared Market by Vertical
- 9.4.5.3 UAE Shortwave Infrared Market
- 9.4.5.3.1 UAE Shortwave Infrared Market by Offering
- 9.4.5.3.2 UAE Shortwave Infrared Market by Imaging Type
- 9.4.5.3.3 UAE Shortwave Infrared Market by Technology
- 9.4.5.3.4 UAE Shortwave Infrared Market by Vertical
- 9.4.5.4 Saudi Arabia Shortwave Infrared Market
- 9.4.5.4.1 Saudi Arabia Shortwave Infrared Market by Offering
- 9.4.5.4.2 Saudi Arabia Shortwave Infrared Market by Imaging Type
- 9.4.5.4.3 Saudi Arabia Shortwave Infrared Market by Technology
- 9.4.5.4.4 Saudi Arabia Shortwave Infrared Market by Vertical
- 9.4.5.5 South Africa Shortwave Infrared Market
- 9.4.5.5.1 South Africa Shortwave Infrared Market by Offering
- 9.4.5.5.2 South Africa Shortwave Infrared Market by Imaging Type
- 9.4.5.5.3 South Africa Shortwave Infrared Market by Technology
- 9.4.5.5.4 South Africa Shortwave Infrared Market by Vertical
- 9.4.5.6 Nigeria Shortwave Infrared Market
- 9.4.5.6.1 Nigeria Shortwave Infrared Market by Offering
- 9.4.5.6.2 Nigeria Shortwave Infrared Market by Imaging Type
- 9.4.5.6.3 Nigeria Shortwave Infrared Market by Technology
- 9.4.5.6.4 Nigeria Shortwave Infrared Market by Vertical
- 9.4.5.7 Rest of LAMEA Shortwave Infrared Market
- 9.4.5.7.1 Rest of LAMEA Shortwave Infrared Market by Offering
- 9.4.5.7.2 Rest of LAMEA Shortwave Infrared Market by Imaging Type
- 9.4.5.7.3 Rest of LAMEA Shortwave Infrared Market by Technology
- 9.4.5.7.4 Rest of LAMEA Shortwave Infrared Market by Vertical
Chapter 10. Company Profiles
- 10.1 Teledyne Technologies Incorporated
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental and Regional Analysis
- 10.1.4 Research & Development Expenses
- 10.1.5 Recent strategies and developments:
- 10.1.5.1 Partnerships, Collaborations, and Agreements:
- 10.2 Corning Incorporated
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Segmental and Regional Analysis
- 10.2.4 Research & Development Expenses
- 10.2.5 SWOT Analysis
- 10.3 Leonardo SpA (Leonardo DRS, Inc.)
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental and Regional Analysis
- 10.3.4 Research & Development Expenses
- 10.3.5 Recent strategies and developments:
- 10.3.5.1 Partnerships, Collaborations, and Agreements:
- 10.3.5.2 Product Launches and Product Expansions:
- 10.3.6 SWOT Analysis
- 10.4 Hamamatsu Photonics K.K.
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Segmental Analysis
- 10.4.4 Research & Development Expense
- 10.4.5 Recent strategies and developments:
- 10.4.5.1 Acquisition and Mergers:
- 10.4.6 SWOT Analysis
- 10.5 Fortive Corporation (Fluke Corporation)
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Segmental and Regional Analysis
- 10.5.4 Research & Development Expense
- 10.5.5 SWOT Analysis
- 10.6 Collins Aerospace (RTX Corporation)
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Segmental and Regional Analysis
- 10.6.4 Research & Development Expenses
- 10.6.5 SWOT Analysis
- 10.7 Xenics NV
- 10.7.1 Company Overview
- 10.7.2 Recent strategies and developments:
- 10.7.2.1 Product Launches and Product Expansions:
- 10.8 Allied Vision Technologies GmbH
- 10.9 IRCameras LLC (Santa Barbara Infrared)
- 10.10. New Imaging Technologies (NIT)
Chapter 11. Winning Imperatives of Shortwave Infrared Market