Shortwave Infrared Market Size, Share, Growth Analysis, By Wavelength Range(Short Wavelength Infrared (SWIR): 1.4 - 1.8 micrometers, Mid-Wavelength Infrared (MWIR): 1.8 - 3 micrometers), By Applications(Defense and Security, Industrial Manufacturing, Imaging of biological tissue, and Agriculture), By Components(SWIR Cameras, SWIR Sensors, and SWIR Modules), By Region - Industry Forecast 2024-2031

Drivers

Increasing Demand for Advanced Imaging Technologies

• One of the major drivers involves the escalating demand for cutting edge imaging technology in defence and security. This makes SWIR an important technology for night vision, surveillance, and target detection in defence industries across the globe. Another factor leading to increased demand includes the increasing application of SWIR in industrial production particularly for the purpose of quality control or inspection processes. Improved manufacturing processes across different industries like semiconductor manufacturing and electronics due to its capability to detect faults and offer high resolution images.

Restraints

High Initial Cost Associated with SWIR Technology

• The expensive upfront investment needed for SWIR technology is one of the major market restraints. Complicated materials and manufacturing processes of SWIR camera and sensor make production cost high leading to unreachable to many possible users. Besides, little information on SWIR advantages might hinder the industry acceptance. It could prove detrimental for industries that have yet to exploit the benefits of SWIR on such aspects as night vision, surveillance, and inspection during manufacture.