MarketsandMarkets
Short Wave Infrared (SWIR) Market worth 118.9 Million USD by 2022
March 2016
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. Download Informational PDF Brochure :http://www.marketsandmarkets.com/pdfdownload.asp?id=52975079 Browse 36 tables and 52 figures spread through 113 Pages and in-depth TOC on "Shortwave IR Market - Global Forecast 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 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. 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 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. 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. 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). About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide 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". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Subscribe Reports from Semiconductor & Electronic @ http://www.marketsandmarkets.com/Subscription.html
Contact: Markets and Markets UNIT no 802, Tower no. 7, SEZ Magarpatta city, Hadapsar Pune, Maharashtra 411013, India 1-888-600-6441 Email: sales@marketsandmarkets.com Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/marketreports/electronics-and-semiconductors Connect with us on LinkedIn@ http://www.linkedin.com/company/marketsandmarkets Website :- http://www.marketsandmarkets.com/