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Classified in: Science and technology, Covid-19 virus
Subject: MRR

Shortwave Infrared Market to Grow by USD 119.47 million | Technavio


NEW YORK, Dec. 6, 2021 /PRNewswire/ -- The shortwave infrared market is driven by increased government investments in military devices, increased adoption of SWIR cameras in commercial applications, and increasing use of night vision cameras. The market is expected to grow by USD 119.47 million from 2021 to 2026. The growth momentum of the market is expected to accelerate at a CAGR of 9.69%.

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Shortwave Infrared Market 2022-2026: Segmentation

By product, the SWIR area camera segment is expected to have significant market share growth during the forecast period. These cameras are simple to use and convenient for low and quick imaging applications.

By geography, APAC is expected to account for 46% of the market's growth during the forecast period, with China and Japan being the key countries. The growing demand for SWIR cameras and machine vision devices is expected to be the key driver for market growth in the region.               

For more information about the contribution of each segment of the market, View Our Free Sample Report

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Shortwave Infrared Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 9.69%

Market growth 2022-2026

USD 119.47 million

Market structure

Fragmented

YoY growth (%)

7.04

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 46%

Key consumer countries

US, China, Germany, UK, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Allied Vision Technologies GmbH, Ascendent Technology Group Inc., Hamamatsu Photonics KK, Leonardo DRS Inc., New Imaging Technologies, Photonic Science and Engineering Ltd., Princeton Infrared Technologies Inc., Raytheon Technologies Corp., Teledyne Technologies Inc., and Xenics NV

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio


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