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SWIR Camera Market Analysis, Global Trend And Geography Forecast Till 2026 | Fortune Business Insights™

SWIR Camera Market to Touch $419.0 Million by 2027; Increasing Investment in Advancing Defense Technologies to Brighten Market Prospects: Fortune Business Insights™

The global SWIR camera market size is projected to reach USD 419.0 million by 2027, exhibiting a CAGR of 11.4% during the forecast period. Unhindered spread of the novel coronavirus across the globe is stoking the adoption of thermal cameras and fueling the market growth, shares Fortune Business Insights™ in its report, titled “SWIR Camera Market Size, Share and Covid-19 Impact Analysis, By Product (SWIR Linear Camera, SWIR Area Camera), By Application (Inspection and Quality Control, Security and Surveillance, Astronomy, Thermography, Spectroscopy, and Others), By End-user (Industrial Manufacturing, Aerospace and Defense, Scientific Research and Life Sciences, and Others), and Regional Forecast, 2020 – 2027”.

High body temperature is one of the primary warning signs of the COVID-19 infection in an individual. Healthcare and other professionals charged with the responsibility of testing people for fever need to perform their task diligently, while maintaining a safe distance from those being checked.

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List of Key Players Profiled in this Market Report:

  • Xenics
  • Sierra-Olympic Systems, Inc.
  • Princeton Infrared Technologies, Inc.
  • Lynred
  • IRCameras LLC
  • Hamamatsu Photonics K.K.
  • Allied Vision Technologies GmbH
  • Teledyne Princeton Instruments
  • Raptor Photonics
  • New Imaging Technologies (NIT)
  • Leonardo DRS
  • InView Technology Corporation
  • FLIR Systems, Inc.

Market Driver

Rising Military Spending to Bolster Market Growth

A prominent factor that is expected to provide a positive thrust to the SWIR camera market growth during the forecast period is the increased military spending by major economies of the world. According to the Stockholm International Peace Research Institute (SIPRI), the total defense expenditure worldwide reached USD 1917 billion in 2019, representing 3.6% rise from 2018 levels. The US, China, India, Russia, and Saudi Arabia emerged as the largest spenders, the SIPRI data reveals. More funds for militaries in these countries will mean modernization of defense equipment with next-gen gear such as SWIR cameras and other thermal imaging technologies. These cameras can efficiently perform security and surveillance operations, especially in areas where visibility is poor, thus enabling enemy forces to conduct nefarious activities undetected. As the concerns over national security intensify, the demand for such advanced equipment is expected to surge.

Regional Analysis for SWIR Camera  Market:

  • North America (the USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

Major Table of Contents for SWIR Camera Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key SWIR Camera Market Insights
  5. Global Market Analysis, Insights and Forecast, 2015-2026
  6. North America Market Analysis, Insights and Forecast, 2015-2026
  7. Europe Market Analysis, Insights and Forecast, 2015-2026
  8. Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
  9. The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
  10. Latin America Market Analysis, Insights and Forecast, 2015-2026
  11. Competitive Landscape
  12. Global SWIR Camera Market Revenue Share Analysis, By Key Players, 2020
  13. Company Profiles
  14. Conclusion

TOC Continued…!!!

KEY QUESTIONS ANSWERED:

  • What is the market size and growth rate of the global and regional market by various segments?
  • What is the market size and growth rate of the market for selective countries?
  • Which region or sub-segment is expected to drive the market in the forecast period?
  • What Factors are estimated to drive and restrain the Medical Lighting Technologies Market growth?
  • What are the key technological and market trends shaping the market?
  • What are the key opportunities in the market?
  • What are the key companies operating in the market?
  • Which company accounted for the highest market share?
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