Short Wave Infrared (SWIR) Market by Material (Mercury Cadmium Telluride & Indium Gallium Arsenide), Industry Vertical, (Semiconductor, Manufacturing & Process, Commercial, Automotive, Military & Defense), and Geography - Global Forecast to 2022

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Date: 17-Mar-2016
No. of pages: 113
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“Increased demand of shortwave IR in military for its night sighting capabilities and technological development of shortwave IR detector are driving the growth of the market”

The global Short Wave Infrared (SWIR) market is expected to grow from USD 66.5 million in 2015 to USD 118.9 million by 2022, at a CAGR of 8.6% from 2016 to 2022. The major drivers for the global Short Wave Infrared (SWIR) market are technological development in terms of size, weight, and power at low cost for military application such as the night sighting capabilities. Night sighting technology is used to detect objects in low light or total darkness using thermal radiations. These devices help to form intensified images which are not visible to naked eyes because of the insufficient light reaching to the eyes from the objects. Thus, night vision technologies with numerous applications are acting as a strong driver for Short Wave Infrared (SWIR) market.

“The manufacturing & process industry segment of the global Short Wave Infrared (SWIR) market held the largest market share in 2015”

The manufacturing & process industry segment held the largest market share in 2015. The main reason for its large market share include increased necessity to detect defects and irregularities that are often not visible to the naked eye, thus helping take corrective measures before the occurrence of system failures.

“North America Short Wave Infrared (SWIR) market is projected to grow at the highest CAGR during the forecast period”

North America segment is expected to grow at the highest CAGR during forecasted period. North America is one of the most technologically advanced application markets due to the presence of prominent system suppliers, large companies, and detector manufacturers. The size of the region, the affluence of its consumers, and the competitiveness of OEMs have resulted in making the region an attractive market for shortwave IR detector manufacturers.

Break-up of the profile of primary participants:


  • By Company Type: Tier 1 - 57%, Tier 2 - 26%, and Tier 3 - 17%

  • By Designation: C-level - 65%, Director-level - 25%, and Others - 10%

  • By Region: Asia-Pacific- 40%, North America - 30%, Europe - 20%, and RoW - 10%


The key players in the global Short Wave Infrared (SWIR) market are Sensors Unlimited, Inc. (U.S.). Teledyne DALSA Inc. (Canada), Xenics (Belgium), Allied Vision Technologies GmbH (Germany), and FLIR Systems Inc. (U.S.).

Reasons to Buy the Report:

The report will help the market leaders/new entrants in this market in the following ways:


  • This report segments the global Short Wave Infrared (SWIR) market comprehensively and provides the closest approximations of the revenue numbers for overall market and various subsegments across different verticals and regions.

  • The report helps stakeholders to gauge the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

Short Wave Infrared (SWIR) Market by Material (Mercury Cadmium Telluride & Indium Gallium Arsenide), Industry Vertical, (Semiconductor, Manufacturing & Process, Commercial, Automotive, Military & Defense), and Geography - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency & Pricing
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
2.4.1 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Short Wave Infrared Market (2016 to 2022)
4.2 Short Wave Infrared Market: By Region
4.3 APAC: the Leader in the SWIR Market
4.4 Short wave Infrared Market Growth, By Region
4.5 Shortwave in Commercial Industry
4.6 Life Cycle Analysis, By Geography

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 SWIR Market, By Material
5.2.2 Short Wave Infrared Market, By Industry Vertical
5.2.3 Short Wave Infrared Market, By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Development of Shortwave IR Detector in Terms of Size, Weight and Power at Low Cost
5.3.1.2 Increasing Usage for Cooled IR Detectors in Remote Sensing and Hyper Spectral Imaging
5.3.1.3 Night Sighting Capability for Military Applications
5.3.2 Restraints
5.3.2.1 Accessibility of Competing Technology
5.3.3 Opportunities
5.3.3.1 Upcoming Opportunities in Military and Commercial Imaging Applications
5.3.4 Challenges
5.3.4.1 Overcoming Ingaas Sensors’ Quality

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Porter’s Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Competitive Rivalry
6.4 Parent Market Analysis

7 Shortwave IR Market, By Material
7.1 Introduction
7.2 Mercury Cadmium Telluride (MCT)
7.3 Indium Gallium Arsenide (Ingaas)
7.4 Lead Sulfide (PBS)
7.5 Indium Antimonide (INSB)

8 Shortwave IR Market, By Industry Vertical
8.1 Introduction
8.2 Semiconductor Industry
8.2.1 Semiconductor Wafer Inspection
8.2.2 Solar Cell Inspection
8.3 Manufacturing & Process Industry
8.3.1 High Temperature Thermography
8.3.2 Sorting
8.3.3 Gas & Moisture Detection
8.4 Agriculture Industry
8.5 Scientific Research & Life Sciences
8.5.1 Spectroscopy
8.5.2 Laser Beam Profiling
8.6 Automotive Industry
8.7 Commercial Industry
8.7.1 Gas Detection
8.7.2 Vision Enhancement
8.8 Military & Defense Industry

9 Shortwave IR Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Latin America
9.3.1 Brazil
9.3.2 Argentina
9.3.3 Rest of Latin America
9.4 Europe
9.4.1 Germany
9.4.2 France
9.4.3 U.K.
9.4.4 Italy
9.4.5 Rest of Europe
9.5 APAC
9.5.1 China
9.5.2 Japan
9.5.3 Taiwan
9.5.4 Rest of APAC
9.6 Rest of the World
9.6.1 Middle East
9.6.2 Africa

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking for Short wave Infrared Market  
10.3 Competitive Scenario
10.4 Recent Developments
10.4.1 New Product Launches
10.4.2 Contracts
10.4.3 Mergers & Acquisitions

11 Company Profiles
(Overview, Products and Services, Financials, Strategy & Development)*
11.1 Introduction
11.2 Sensors Unlimited
11.3 Teledyne Dalsa Inc.
11.4 Xenics
11.5 Allied Vision Technologies Gmbh
11.6 Flir Systems, Inc.
11.7 Princeton Instruments
11.8 Sofradir
11.9 Episensors, Inc.
11.10 Inview Technology Corporation
11.11 Ircameras LLC

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports

List of Tables

Table 1 Increasing Usage for Cooled IR Detector in Remote Sensing and Hyper Spectral Imaging is Propelling the Growth of Shortwave IR Market
Table 2 Accessibility of Competing Technology Affects the Growth of Short Wave Infrared Market
Table 3 Upcoming Opportunities in Military and Commercial Imaging Applications Would Generate New Opportunities for the Short Wave Infrared Market
Table 4 Overcoming Ingaas Sensors’ Quality is the Major Challenge for the Short Wave Infrared Market
Table 5 Porter’s Five Forces Analysis: Threat of Substitutes is Likely to Have Minimum Impact on the Overall Market
Table 6 IR Market, Bytype, 2013–2022 (USD Million)
Table 7 IR Market, By Technology, 2013–2022 (USD Million)
Table 8 IR Market, By Application, 2013–2022 (USD Million)
Table 9 IR Market, By Region, 2013–2022 (USD Million)
Table 10 Short Wave Infrared Market, By Material, 2013–2022 (USD Million)
Table 11 SWIR Market, By Industry Vertical, 2013–2022 (USD Million)
Table 12 Shortwave IR Semiconductor Industry Market, By Region, 2013–2022 (USD Million)
Table 13 Shortwave IR Semiconductor Industry Market, By Application, 2013–2022 (USD Million)
Table 14 Shortwave IR Manufacturing & Process Industry Market, By Region, 2013–2022 (USD Million)
Table 15 Shortwave IR Manufacturing & Process Industry Market, By Application, 2013–2022 (USD Million)
Table 16 Shortwave IR Agriculture Industry Market, By Region, 2013–2022 (USD Million)
Table 17 Shortwave IR Scientific Research & Life Sciences Industry Market, By Region, 2013–2022 (USD Million)
Table 18 Shortwave IR Semiconductor Industry Market, By Application, 2013–2022 (USD Million)
Table 19 Shortwave IR Automotive Industry Market, By Region, 2013–2022 (USD Million)
Table 20 Shortwave IR Commercial Industry Market, By Region, 2013–2022 (USD Million)
Table 21 Shortwave IR Commercial Industry Market, By Application, 2013–2022 (USD Million)
Table 22 Shortwave IR Military & Defense Industry Market, By Region, 2013–2022 (USD Million)
Table 23 Shortwave IR Market, By Region, 2013–2022 (USD Million)
Table 24 North America: Short Wave Infrared Market, By Industry Vertical, 2013–2022 (USD Million)
Table 25 North America: SWIR Market, By Country, 2013–2022 (USD Million)
Table 26 Latin America: Short Wave Infrared Market, By Industry Vertical, 2013–2022 (USD Thousand)
Table 27 Latin America: SWIR Market, By Country, 2013–2022 (USD Million)
Table 28 Europe: Short Wave Infrared Market, By Industry Vertical, 2013–2022 (USD Million)
Table 29 Europe: SWIR Market, By Country, 2013–2022 (USD Million)
Table 30 APAC: Short Wave Infrared Market, By Industry Vertical, 2013–2020 (USD Million)
Table 31 APAC: SWIR Market, By Country, 2013–2022 (USD Million)
Table 32 RoW: Short Wave Infrared Market, By Industry Vertical, 2013–2020 (USD Thousand)
Table 33 RoW: SWIR Market, By Region, 2013–2020 (USD Million)
Table 34 New Product Launch, 2015–2016
Table 35 Contract, 2013
Table 36 Mergers & Acquisitions, 2012–2015

List of Figures

Figure 1 Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Indium Gallium Arsenide (Ingaas) Segment Expected to Grow at the Highest Rate Between 2015 and 2022
Figure 6 Commercial Industry Vertical of the Short Wave Infrared Market Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 7 APAC is Expected to Hold the Highest Market Share During the Forecast Period
Figure 8 The Short Wave Infrared Market in North America is Expected to Grow at the Highest CAGR Between 2016 and 2022
Figure 9 Short Wave Infrared Market in China Expected to Grow at the Highest CAGR in APAC Between 2016 and 2022
Figure 10 SWIR Market in the U.S. Expected to Grow at the Highest CAGR in North America Between 2016 and 2022
Figure 11 Increasing Opportunites in the Commercial Vertical Expected to Drive the Short Wave Infrared Market During the Forecast Period
Figure 12 North America to Register the Highest CAGR During the Forecast Period
Figure 13 China Held the Largest Market Share in APAC Region in 2015
Figure 14 APAC Holds the Largest Market Share of the Short Wave Infrared Market
Figure 15 Gas Detection Segment Estimated to Grow at A Higher CAGR Between 2016 and 2022
Figure 16 Short Wave Infrared Market is Currently in Growth Stage in North America and Europe Region
Figure 17 SWIR Market Segmentation, By Region
Figure 18 Drivers, Restraints, Opportunities, and Challenges for the Short Wave Infrared Market
Figure 19 Value Chain Analysis
Figure 20 Porter’s Five Forces Analysis
Figure 21 Porters Five Forces Analysis: SWIR Market
Figure 22 Threat of New Entrants: High Capital Requirement is A Key Factor Behind Medium Threat of New Entrants
Figure 23 Threat of Substitutes: Low Impact Due to Less Number of Substitutes
Figure 24 Bargaining Power of Suppliers: High Impact as Buyers Cannot Frequently Switch
Figure 25 Bargaining Power of Buyers: Medium Impact Due to the Presence of Well Branded Companies
Figure 26 Intensity of Competitive Rivalry: Medium Impact Due to Less Product Launches and Innovation in Market
Figure 27 Short Wave Infrared Market, By Material
Figure 28 SWIR Market, By Industry Vertical
Figure 29 Laser Beam Profiling is Expected to Have A High Growth in Theshortwave IR Scientific Research & Life Sciences Industry Market in 2015
Figure 30 Vision Enhancement Segment Held the Largest Share of the Shortwave IR Commercial Industry Market in 2015
Figure 31 Short Wave Infrared Market Segmentation: By Geography
Figure 32 Geographic Snapshot: North America Expected to Register the Highest Growth Rate During the Forecast Period
Figure 33 The U.K. Estimated to Grow at the Highest Rate Between 2016 and 2022 in the Overall Short Wave Infrared Market
Figure 34 Segmentation: North America Shortwave IR Market
Figure 35 North America Market Snapshot: the Demand Would Be Driven By the Rising Demand From Military & Defense Between 2015 and 2022
Figure 36 Segmentation: Latin America Short Wave Infrared Market
Figure 37 Segmentation: Europe SWIR Market
Figure 38 Segmentation: APAC Short Wave Infrared Market
Figure 39 APAC Market Snapshot: Demand Would Be Driven By the Growing Industrial Sector
Figure 40 Segmentation: Rest of the World SWIR Market
Figure 41 Key Growth Strategies Adopted By the Top Companies, 2012–2015
Figure 42 Market Ranking of the Top Five Players in the Short Wave Infrared Market, 2015
Figure 43 Market Evaluation Framework - New Product Launches Fueled Growth and Innovation Between 2013 and 2015
Figure 44 Battle for Market Share: New Product Launch Was the Key Strategy
Figure 45 Sensor Unlimited: SWOT Analysis
Figure 46 Teledyne Dalsa Inc.: SWOT Analysis
Figure 47 Xenics: SWOT Analysis
Figure 48 Aliied Vision Technologies GmbH: SWOT Analysis
Figure 49 Flir Systems, Inc.: Company Snapshot
Figure 50 Flir System Inc.: SWOT Analysis
Figure 51 Marketsandmarkets Knowledge Store Snapshot
Figure 52 Marketsandmarkets Knowledge Store: Semiconductor & Electronics Industry Snapshot

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