Short Wave Infrared (SWIR) Market worth 118.9 Million USD by 2022

1. MarketsandMarkets Short Wave Infrared (SWIR) Market worth 118.9 Million USD by 2022 March 2016

2. Short Wave Infrared (SWIR) Market worth 118.9 Million USD by 2022 The report "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", 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. Browse 36 tables and 52 figures spread through 113 Pages and in-depth TOC on "Shortwave IR Market - Global Forecast to 2022" Download PDF Brochure@ http://www.marketsandmarkets.com/pdfdownload.asp?id=52975079 Early buyers will receive 10% customization on reports. The commercial industry segment is projected to lead the global Short Wave Infrared (SWIR) market during the forecast period: The market size of commercial industry segment is expected grow at the highest CAGR till 2022. The main reasons for the rapid growth of commercial sector include the rising need for gas detection and vision enhancement systems in public and sensitive places; and reduction in the cost of commercial grade SWIR detectors. The major drivers for the global Short Wave Infrared (SWIR) market are technological development of shortwave IR detector in terms of size, weight, and power at low cost as well as the night sighting capabilities for military application. Night sighting capabilities are used in military as well as law enforcement agencies. It consists of imagers as well as detectors. 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.

3. The Indium Gallium Arsenide (InGaAs) segment is projected to lead the global shortwave IR material market during the forecast period: Among all shortwave IR materials, indium gallium arsenide (InGaAs) segment is expected to grow at the highest CAGR till 2022. The major reason for the growth of InGaAs (detectors) is their efficient operability at room temperature. Limited or no requirement of cooling makes InGaAs types detectors portable, cost-effective, and more preferable among others. The global Short Wave Infrared (SWIR) market has been segmented on the basis of material used in shortwave IR, industry vertical, and geography. The market is segmented by material into indium gallium arsenide (InGaAs), mercury cadmium telluride (HgCdTe), indium antimonide (InSb), and lead sulfide (PbS). The industry verticals considered in the Short Wave Infrared (SWIR) market include semiconductor, manufacturing & process, agriculture, scientific research & life sciences, automotive, commercial, and military & defense industries. Geographically, the global Short Wave Infrared (SWIR) market has been segmented into North America, Latin America, Europe, Asia-Pacific, and Rest of the World (RoW). Get More Information@ http://www.marketsandmarkets.com/Market-Reports/shortwave-ir-market- 52975079.html 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 of shortwave IR detector in terms of size, weight, and power at low cost as well as the night sighting capabilities for military application. 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. North America region is projected to grow at the highest CAGR during the forecast period: North America is expected to grow at the highest CAGR till 2022. 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 this region an attractive market for shortwave IR detector manufacturers.

4. Graphical Analysis: Geographically, the market is segmented into five regions: North America, Latin America, Europe, APAC, and RoW. APAC is expected to dominate the Short Wave Infrared (SWIR) market in 2015, whereas, the market in North America is expected to grow at the highest CAGR during the forecast period. The major factors driving the APAC Short Wave Infrared (SWIR) market are high infrastructure development and high industrial growth in developing countries such as China and Taiwan. SWIR detector technology is facing competition from other technologies such as CMOS and CCD-based smart cameras in some applications, which acts as a restraint for the market growth. Sensors Unlimited, Inc. (U.S.), considering the growing demand for InGaAs technology, is focusing on pushing the technology to the next level with the help of its technical expertise. The company holds over 15 patents in InGaAs technology which shows its effort towards enhancing the technology. Sensors Unlimited is launching new sensors for the consumer sensor market to boost its consumer electronics sensors’ market share. The company recently launched the Unlimited Warrior C2S module, which provides operators with SWIR imaging capabilities on the battlefield for day or night-time use. The leading players in the global shortwave IR market are Sensors Unlimited, Inc. (U.S.). Teledyne DALSA, Inc. (Canada), Xenics (Belgium), Allied Vision Technologies GmbH (Germany), and FLIR Systems Inc. (U.S.). This report describes the market trends, drivers, and challenges with respect to the global shortwave IR market and forecasts the market till 2022. This global report provides a detailed view of the market across five regions, namely, North America, Latin America, Europe, Asia-Pacific, and Rest of the World (RoW).

5. Teledyne DALSA Inc. (Canada) is focusing on both organic as well as inorganic strategies, such as customized products, acquisitions, and joint ventures. For instance, in July, 2013, Teledyne acquired Nova Sensors (California). With this acquisition, the company can now offer a significantly expanded range of digital imaging components and complete camera systems spanning the X-ray, UV, visible, and infrared spectra. The company also provides custom SWIR cameras, which are developed according to customer specifications. About MarketsandMarkets MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Mr. Rohan Markets and Markets 701 Pike Street Suite 2175, Seattle, WA 98101, United States USA : 1-888-600-6441 UK : 44-800-368-9399