Global SWIR Cameras Sales Market Report 2018
The SWIR Cameras market was valued at USD 118.41 Million in 2017 and is expected to reach USD 194.21 Million by 2023, at a CAGR of 8.60% during the forecast period. The growth of this market is being propelled by the growing demand for SWIR Cameras, especially from industrial, military and defense, commercial, and scientific research verticals. Some of the major applications for which SWIR Cameras are used in these verticals include solar cell inspection, night vision enhancement, moisture detection, camouflage detection, silicon wafer inspection, and surveillance.
The report segments the SWIR Cameras market on the basis of scanning type, technology, vertical, and geography. The said market is expected to be led by uncooled SWIR Cameras during the forecast period. The high popularity of these cameras can be attributed to their low cost in comparison with cooled SWIR Cameras.
The industrial vertical accounted for the largest share of the overall SWIR Cameras market. The high adoption of SWIR Cameras in this vertical for various applications, including semiconductor inspection, thermography, and solar cell inspection, has led to the dominance of the industrial vertical in the SWIR Cameras market.
The market for line scan SWIR Cameras is expected to witness significant growth during the forecast period. The major applications of line scan cameras are in the industrial vertical. These cameras are well suited for applications requiring imaging of fast-moving objects, and their cost is lower than that of area scan cameras, thereby leading to their wide adoption in the industrial vertical.
North America held the largest size of the SWIR Cameras market in 2016 and is expected to witness significant growth during the forecast period. Military and defense, industrial, and commercial are the major verticals that account for a significant share of the SWIR Cameras market in North America. Besides, this region is witnessing increasing demand for these cameras, especially cooled SWIR Cameras, from the scientific research vertical.
The high price of SWIR Cameras compared with other substitute technologies available in the market has hampered the widespread application of these cameras. However, a number of key players are focusing on lowering the cost of SWIR Cameras through several modifications, such as by reducing their size and decreasing power consumption, innovating detector technology, and reducing the cost involved in packaging, electronics, and optics.
This report studies the global SWIR Cameras market status and forecast, categorizes the global SWIR Cameras market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
Note: The base year used for company profiles is 2017; where information was not available for the base year, the previous year was considered.
Unit Considered and Currency
The statistical unit used in this report is ¡°Units¡±, which is used to indicate the volume (sales, production, consumption) of SWIR Cameras by companies, regions, type and application covered in this report.
The currency used in the report is US dollar (USD)/US$, with market size indicated only in million USD.
For companies reporting their revenue/Revenue in million USD, revenue was collected from their annual reports, press news, interviewing and other sources like upstream suppliers, downstream customers and its competitors.
For companies that reported their revenues in other currencies, average annual currency exchange rate is used to convert the value to USD.
Currency exchange rates are converted to USD by using the average exchange rate for respective years until 2017.
The currency of global top regions is based on mid-market rates.
We can also provide the customized separate regional or country-level reports, for the following regions:
Rest of Asia-Pacific
Rest of Europe
Central & South America
Rest of South America
Middle East & Africa
Rest of Middle East & Africa