SWIR Image Sensor Market 2023 – Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Market Size & Forecast 2030

SWIR Image Sensors Insights:

Short-Wave Infrared (SWIR) sensors are a sort of imaging innovation that works in the spectral range of 900 nm to 1700 nm with a wide range of applications, including remote detecting, clinical imaging, and machine vision.

Compared to other imaging technologies like thermal or visible light cameras, SWIR sensors offer a number of advantages. They are able to see through barriers because they can penetrate certain materials like glass and plastic, which is one of the main benefits. Additionally, water and silicon, which are inaccessible to other sensors, can be detected by SWIR sensors. These sensors are capable of producing images with a high resolution, high contrast, and low noise, making them useful for applications like remote sensing and hyper spectral imaging. They are likewise less impacted by barometrical dispersing than other imaging advancements, making them helpful for imaging through haze, murkiness, or smoke.

Due to the fact that the wavelengths that SWIR sensors detect are invisible to the human eye, they require illumination to function properly. Using an external light source, like a laser or LED, to illuminate the scene can overcome this problem.

SWIR Image Sensors Market

The SWIR image sensor market has been experiencing significant growth in recent years. It was valued at $269.2 million in 2022 and is expected to reach $487.4 million by 2030, growing at a CAGR of 7.7% during the forecast period (2023-2030). The growth in the SWIR sensor market can be attributed to several factors, including the increasing demand for SWIR sensors in military and defense applications, the rising adoption of SWIR sensors in machine vision and automation applications, and the development of advanced SWIR sensor technologies. 

SWIR Image Sensors Market Growth Drivers:

SWIR sensors offer high-resolution imaging capabilities and can operate in low-light conditions, making them ideal for machine vision and automation applications in industries like automotive, electronics, and manufacturing.

SWIR sensors are utilized in various military and defense applications like surveillance, target acquisition, and navigation utilized in unmanned aerial vehicles (UAVs) and other defense technologies.

The development of advanced SWIR sensor technologies, offering improved sensitivity, lower noise, and higher-resolution imaging capabilities, like extended InGaAs (Indium Gallium Arsenide) and MCT (Mercury Cadmium Telluride) technologies, is driving demand for SWIR sensors.

SWIR sensors are finding increasing use in food and agriculture applications, where they're wont to monitor crop health, detect water stress, and identify food quality issues. These sensors also are finding increasing use in medical and research project applications, where they're used for non-invasive diagnostics and wound healing.

SWIR Image Sensors Market Segmentation:

1.       Application: Machine Vision & Automation, Military & Defense, Food & Agriculture, Medical & Scientific Research

2.       Technology: Indium Gallium Arsenide (InGaAs) Sensors, Mercury Cadmium Telluride (MCT) Sensors, Others (Type-II Superlattice (T2SL) Sensors, Quantum Dots (QD) Sensors)

3.       Region: North America, Europe, Asia Pacific, Rest of The World (Row)

SWIR Image Sensors Market Application Segment Review

The machine Vision and Automation segment accounted for the most important market share of the SWIR sensor market, with a share of 49.2%. The segment is predicted to grow at a CAGR of 8.1% from 2023 to 2030 driven by the increasing adoption of SWIR sensors in industries like automotive, electronics, and manufacturing, where they're used for internal control and inspection. Basler, Allied Vision, JAI, Photon focus, and Teledyne e2v are some major players in this application segment,

The military and defense application segment are predicted to grow at a CAGR of 7.1% from 2023 to 2030 driven by the increasing use of unmanned aerial vehicles (UAVs) and other defense technologies, which require SWIR sensors for surveillance, target acquisition, and navigation. BAE Systems, Leonardo DRS, Sofradir, and Xenics are some global players that produce sensors for various applications including thermal imaging, surveillance, target tracking, missile defense, and guidance.

The food and agriculture application segment is predicted to grow at a CAGR of 8.5% from 2023 to 2030 driven by the increasing demand for sustainable agriculture practices and the use of SWIR sensors to watch crop health, detect water stress, and identify food quality issues. The medical and research project application segment is predicted to grow at a CAGR of 9.2% driven by the growing adoption of SWIR sensors within the healthcare industry for non-invasive diagnostics and wound healing. Hamamatsu Photonics, FLIR Systems, New Imaging Technologies (NIT), and Allied Vision are companies that produce SWIR image sensors for food inspection, agriculture monitoring, and medical research applications.

SWIR Image Sensors Market Technology Segment Review

Indium Gallium Arsenide (InGaAs) sensors accounted for the most important market share of the SWIR sensor market in 2022, with a share of 66.4%. It's expected to grow at a CAGR of 8.1% from 2023 to 2030 driven by the high sensitivity, low noise, and wide spectral range of InGaAs sensors, which make them ideal for various applications such as machine vision, industrial automation, military and defense, and medical research. Sensors Unlimited, Hamamatsu Photonics, Teledyne DALSA, FLIR Systems, Xenics, Allied Vision, and others are some key players in this segment of the market.

Mercury Cadmium Telluride (MCT) sensors market is predicted to grow at a CAGR of 7.5% from 2023 to 2030. MCT sensors provide excellent sensitivity, reduce disturbance and background noise, and have high resolution, making them suitable for various military and defense applications such as missile guidance, target acquisition, and night vision. Leonardo DRS, Princeton Infrared Technologies (PIRT),Raptor Photonics, and others are among the major players in the market dealing with MCT sensors.

Other SWIR sensor technologies, like Type-II Superlattice (T2SL) sensors and Quantum Dots (QD) sensors, are predicted to grow at a CAGR of 9.0% from 2023 to 2030 driven by advancements in sensor technology, and the increasing demand for SWIR sensors in various applications including surveillance, remote sensing, and environmental monitoring. These are the newer technologies that offer high performance and reliable data collection.

SWIR Image Sensors Market Regional Synopsis:

North America held the most important market share of the SWIR image sensor market in 2022, with a share of 35.2%. The market size in this region was $82.3 million in 2022, and it's expected to grow to $152.3 million by 2030, growing at a CAGR of 8.0% from 2023 to 2030. This growth is driven by the presence of major players in the region, technological advancements, and increasing demand for SWIR image sensors in various applications, like defense and surveillance, industrial automation, and automotive. The United States is the largest market and is home to several key players in the SWIR image sensors market, such as Teledyne DALSA, FLIR Systems, Sensors Unlimited, and others.

Europe is the second largest market and is predicted to grow at a CAGR of 8.3% from 2023 to 2030 driven by the increasing adoption of SWIR sensors in various industries, like automotive, aerospace, and defense. With a well-developed industrial infrastructure and a strong focus on research and development, Germany is the largest market and accounts for a significant share, driving the adoption of SWIR image sensors in a variety of machine vision and industrial automation applications.

The Asia Pacific region is predicted to grow at a CAGR of 9.2% from 2023 to 2030 driven by the increasing demand for SWIR sensors in various applications, like automotive, industrial automation, and consumer electronics. The use of SWIR image sensors in machine vision, industrial automation, and scientific research is being driven by China, the largest market in the region. With the growing use of SWIR image sensors in military and defense applications like surveillance, target acquisition, and navigation, markets such as South Korea, India, and Japan have shown profound growth.

The Rest of the world segment, which incorporates regions like Latin America, the Middle East, and Africa, is predicted to grow at a CAGR of 7.6% from 2023 to 2030driven by the increasing demand for SWIR sensors in various applications, like security and surveillance, medical and life sciences, and food and agriculture. Several key players in this region include Hamamatsu Photonics, Sony Corporation, FLIR Systems, Teledyne DALSA, Raptor Photonics, Xenics NV, and others.

SWIR Image Sensors Market Key Challenges:

The cost of SWIR sensors is comparatively high compared to other sorts of sensors attributed to the complex manufacturing process and the high cost of raw materials, which can limit their adoption in certain applications.

Although SWIR sensors offer superior performance in terms of sensitivity, their spectral range is restricted compared to other sorts of sensors restricting their use in certain applications, like environmental monitoring and agriculture, where a broader spectral range could also be required.

The availability of SWIR sensors is restricted, especially surely sorts of sensors like MCT sensors, which are subject to export control regulations. there's also a scarcity of awareness among end-users about the advantages and capabilities of SWIR sensors, which can limit their adoption in certain applications particularly true for emerging economies.

The SWIR sensor market faces competition from other sensor technologies, like CMOS and CCD sensors, which supply similar performance characteristics and are often cheaper.

SWIR Image Sensors Market Key Global Players:

The competitive landscape in the SWIR image sensor market is influenced by several factors including:

·         Companies that are ready to produce SWIR sensors at a lower cost or offer competitive pricing will have a plus over their competitors, especially in price-sensitive applications such as food & agriculture.

·         Companies that have a robust distribution network and are ready to reach a good range of consumers will have a plus over their competitors which needs a robust partnership network, a strong logistics system, and effective marketing and sales strategies.

·         Companies that hold key patents and proprietary technologies within the SWIR image sensor market will have a plus over their competitors providing a barrier to entry for brand spanking new players and preventing competitors from copying their technology.

·         The SWIR image sensor companies that are ready to successfully acquire and integrate complementary technologies and capabilities will have a plus over their competitors.

·         The SWIR image sensor market is very competitive, and companies are constantly investing in R&D to develop new and innovative products with improved performance characteristics which create a competitive advantage for the respective companies with robust R&D.

The worldwide SWIR Image Sensors market is profoundly cutthroat and divided, with a few central participants working on the lookout. The SWIR Image Sensors market is dominated by major international players like:

·         Allied Vision

·         BAE Systems

·         Basler

·         FLIR Systems Inc.

·         Hamamatsu Photonics K.K.

·         JAI

·         Leonardo DRS

·         New Imaging Technologies (NIT)

·         Photonfocus

·         Princeton Infrared Technologies (PIRT)

·         Raptor Photonics

·         Sensors Unlimited

·         Sofradir Group

·         Teledyne DALSA

·         Xenics NV

These companies are involved in the design, development, and manufacture of SWIR image sensors and related products, and they have a robust presence within the global market. They compete with supported factors like technological innovation, product performance, pricing, customer service, distribution, and marketing. These companies also are involved in strategic partnerships and acquisitions to expand their product offerings, enhance their technological capabilities, and increase their market share.

The report on the SWIR image sensors market covers the following aspects:

·         Market Overview: A general overview of the global SWIR image sensors market, including its current size and growth projections for the future.

·         Market Segmentation: A breakdown of the market by application, technology, and geographic region.

·         Market Dynamics: An analysis of the key drivers, challenges, and trends affecting the growth of the SWIR image sensors market.

·         Competitive Landscape: A comprehensive analysis of the leading players in the SWIR image sensors market, including their market share, product offerings, and key strategies.

·         Regional Analysis: A detailed analysis of the SWIR image sensors market by geographic region, including market size, growth projections, and key trends for each region.

·         Company Profiles: In-depth profiles of key players in the SWIR image sensors market, including their business overview, product offerings, financial performance, and recent developments.

·         Market Forecast: Projections for the future growth of the SWIR image sensors market, including market size, growth rate, and key trends for the next five to ten years.

 

Attributes	Details
Base Year	2022
Trend Period	2018 – 2032
Forecast Period	2023 – 2030
Pages	215
Application Segment	Machine Vision & Automation, Military & Defense, Food & Agriculture, Medical & Scientific Research
Technology Segment	Indium Gallium Arsenide (InGaAs) Sensors, Mercury Cadmium Telluride (MCT) Sensors, Others (Type-II Superlattice (T2SL) Sensors, Quantum Dots (QD) Sensors)
Company Profiles	Hamamatsu Photonics K.K., Teledyne Technologies Inc., FLIR Systems Inc., Xenics NV, Sensors Unlimited Inc. (A UTC Aerospace Systems Company), Sofradir Group, Raptor Photonics Ltd., New Imaging Technologies (NIT), Princeton Infrared Technologies Inc., and Others.
Edition	4th edition
Publication	April 2023