Shortwave Infrared Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type, By Application, By Technology, By Vertical, By Region, By Competition, 2020-2030F

Description

The Global Shortwave Infrared Market, valued at USD 441.00 Million in 2024, is projected to experience a CAGR of 9.80% to reach USD 772.77 Million by 2030. Shortwave Infrared (SWIR) technology involves imaging and detecting light within the electromagnetic spectrum's 0.9 to 2.5 micrometer wavelength range, operating beyond human visible perception. This technology generates high-resolution, high-contrast images by leveraging reflected or absorbed photons, which enables capabilities such as penetration through certain materials and atmospheric obscurants where visible light is ineffective. The market's growth is primarily supported by increasing adoption in industrial automation for precision quality control, particularly within semiconductor manufacturing and non-destructive testing, and its expanding application in defense and military sectors for enhanced surveillance and reconnaissance.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 441.00 Million
Market Size 2030	USD 772.77 Million
CAGR 2025-2030	9.8%
Fastest Growing Segment	Cooled
Largest Market	North America

Key Market Drivers

The expanding defense and military applications represent a significant catalyst for the Global Shortwave Infrared Market. SWIR technology provides critical advantages in surveillance, reconnaissance, and targeting systems, offering superior visibility through atmospheric obscurants that impede visible and longwave infrared sensors. This capability is essential for persistent monitoring, border security, and battlefield awareness. For instance, according to Teledyne FLIR Defense, in July 2024, the company received a $15 million contract to deliver over 150 ThermoSight(R) HISS-XLR weapon sights to a NATO partner country. This investment underscores SWIR's strategic importance in modern military operations. The broader adoption of SWIR technology is also evident across various sectors.

Key Market Challenges

The consistently high cost associated with Shortwave Infrared (SWIR) sensors and complete imaging systems presents a significant impediment to market expansion. This challenge stems from the fundamental reliance on Indium Gallium Arsenide (InGaAs) for sensor fabrication, a material inherently expensive due to its raw material costs and the intricate production processes required. This cost barrier directly restricts broader commercial accessibility and adoption across various cost-sensitive industrial and consumer applications where the initial investment remains prohibitive.

Despite the robust performance of the wider photonics sector, where global annual revenues from the production of optics and photonics core components reached $368 billion in 2022, according to SPIE, the specialized and high-cost nature of SWIR technology limits its contribution to widespread industrial integration. This ensures that only enterprises with substantial capital expenditure budgets can fully leverage SWIR capabilities for precision quality control or advanced surveillance.

Key Market Trends

Miniaturization and cost reduction of Shortwave Infrared (SWIR) sensors are significantly broadening the market by making this advanced technology accessible to a wider range of commercial and industrial applications. This trend directly addresses the historical high costs associated with SWIR sensor manufacturing, which previously restricted its widespread adoption. For instance, Emberion Oy announced in October 2024 its new ultra-low-cost SWIR sensor, with a manufacturing cost projected to be less than €50 in large volumes, aimed at opening mass-market opportunities in sectors such as automotive and consumer electronics. The ability to integrate SWIR capabilities into more compact and affordable devices is essential for market expansion, especially given that the Association for Advancing Automation (A3) reported a 7% decline in North American machine vision sales from $3.116 billion in 2022 to $2.895 billion in 2023, underscoring the demand for cost-effective innovations to stimulate growth.

Key Market Players

Raptor Photonics Limited
RTX Corp.
Lynred
Teledyne FLIR LLC
Teledyne Princeton Instruments
Exosens
Allied Vision Technologies GmbH
New Imaging Technologies
Hamamatsu Photonics K.K.
Sensors Unlimited

Report Scope:

In this report, the Global Shortwave Infrared Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Shortwave Infrared Market, By Type:

Area Scan
Line Scan

Shortwave Infrared Market, By Application:

Security and Surveillance
Monitoring and Inspection
Detection

Shortwave Infrared Market, By Technology:

Cooled
Uncooled

Shortwave Infrared Market, By Vertical:

Industrial
Non-industrial

Shortwave Infrared Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Shortwave Infrared Market.

Available Customizations:

Global Shortwave Infrared Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Shortwave Infrared Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Type (Area Scan, Line Scan)
- 5.2.2. By Application (Security and Surveillance, Monitoring and Inspection, Detection)
- 5.2.3. By Technology (Cooled, Uncooled)
- 5.2.4. By Vertical (Industrial, Non-industrial)
- 5.2.5. By Region
- 5.2.6. By Company (2024)
5.3. Market Map

6. North America Shortwave Infrared Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Application
- 6.2.3. By Technology
- 6.2.4. By Vertical
- 6.2.5. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Shortwave Infrared Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Type
    - 6.3.1.2.2. By Application
    - 6.3.1.2.3. By Technology
    - 6.3.1.2.4. By Vertical
- 6.3.2. Canada Shortwave Infrared Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Type
    - 6.3.2.2.2. By Application
    - 6.3.2.2.3. By Technology
    - 6.3.2.2.4. By Vertical
- 6.3.3. Mexico Shortwave Infrared Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Type
    - 6.3.3.2.2. By Application
    - 6.3.3.2.3. By Technology
    - 6.3.3.2.4. By Vertical

7. Europe Shortwave Infrared Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Application
- 7.2.3. By Technology
- 7.2.4. By Vertical
- 7.2.5. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Shortwave Infrared Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Type
    - 7.3.1.2.2. By Application
    - 7.3.1.2.3. By Technology
    - 7.3.1.2.4. By Vertical
- 7.3.2. France Shortwave Infrared Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Type
    - 7.3.2.2.2. By Application
    - 7.3.2.2.3. By Technology
    - 7.3.2.2.4. By Vertical
- 7.3.3. United Kingdom Shortwave Infrared Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Type
    - 7.3.3.2.2. By Application
    - 7.3.3.2.3. By Technology
    - 7.3.3.2.4. By Vertical
- 7.3.4. Italy Shortwave Infrared Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Type
    - 7.3.4.2.2. By Application
    - 7.3.4.2.3. By Technology
    - 7.3.4.2.4. By Vertical
- 7.3.5. Spain Shortwave Infrared Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Type
    - 7.3.5.2.2. By Application
    - 7.3.5.2.3. By Technology
    - 7.3.5.2.4. By Vertical

8. Asia Pacific Shortwave Infrared Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Application
- 8.2.3. By Technology
- 8.2.4. By Vertical
- 8.2.5. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Shortwave Infrared Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Type
    - 8.3.1.2.2. By Application
    - 8.3.1.2.3. By Technology
    - 8.3.1.2.4. By Vertical
- 8.3.2. India Shortwave Infrared Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Type
    - 8.3.2.2.2. By Application
    - 8.3.2.2.3. By Technology
    - 8.3.2.2.4. By Vertical
- 8.3.3. Japan Shortwave Infrared Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Type
    - 8.3.3.2.2. By Application
    - 8.3.3.2.3. By Technology
    - 8.3.3.2.4. By Vertical
- 8.3.4. South Korea Shortwave Infrared Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Type
    - 8.3.4.2.2. By Application
    - 8.3.4.2.3. By Technology
    - 8.3.4.2.4. By Vertical
- 8.3.5. Australia Shortwave Infrared Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Type
    - 8.3.5.2.2. By Application
    - 8.3.5.2.3. By Technology
    - 8.3.5.2.4. By Vertical

9. Middle East & Africa Shortwave Infrared Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Application
- 9.2.3. By Technology
- 9.2.4. By Vertical
- 9.2.5. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Shortwave Infrared Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Type
    - 9.3.1.2.2. By Application
    - 9.3.1.2.3. By Technology
    - 9.3.1.2.4. By Vertical
- 9.3.2. UAE Shortwave Infrared Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Type
    - 9.3.2.2.2. By Application
    - 9.3.2.2.3. By Technology
    - 9.3.2.2.4. By Vertical
- 9.3.3. South Africa Shortwave Infrared Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Type
    - 9.3.3.2.2. By Application
    - 9.3.3.2.3. By Technology
    - 9.3.3.2.4. By Vertical

10. South America Shortwave Infrared Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Application
- 10.2.3. By Technology
- 10.2.4. By Vertical
- 10.2.5. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Shortwave Infrared Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Type
    - 10.3.1.2.2. By Application
    - 10.3.1.2.3. By Technology
    - 10.3.1.2.4. By Vertical
- 10.3.2. Colombia Shortwave Infrared Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Type
    - 10.3.2.2.2. By Application
    - 10.3.2.2.3. By Technology
    - 10.3.2.2.4. By Vertical
- 10.3.3. Argentina Shortwave Infrared Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Type
    - 10.3.3.2.2. By Application
    - 10.3.3.2.3. By Technology
    - 10.3.3.2.4. By Vertical

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Shortwave Infrared Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Raptor Photonics Limited
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. RTX Corp.
15.3. Lynred
15.4. Teledyne FLIR LLC
15.5. Teledyne Princeton Instruments
15.6. Exosens
15.7. Allied Vision Technologies GmbH
15.8. New Imaging Technologies
15.9. Hamamatsu Photonics K.K.
15.10. Sensors Unlimited