Short Wave IR Market is Estimated to Reach $17 million by 2020, at a CAGR of 8.7% from 2014 to 2020

FORT WORTH, Texas, April 10, 2015 /PRNewswire/ --

The global short wave IR market report defines and segments the concerned market in the region with analysis and forecast of revenue. This market was valued at $58.3 million in 2014, and is expected to reach $95.0 million by 2019, at a CAGR of 10.3% from 2014 to 2019.

Browse through the TOC of global short wave IR market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.

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SWIR detectors have been used for night vision, heat detection, and scientific application since decades. Product development over the years has caused change in the technology, size, and performance of the detectors. The size, weight, and power are the key parameters which define the performance of SWIR detectors. Short Wave IR or short wave infrared detectors have wavelengths of 1μm - 4 μm. These detectors are meant to deliver better performance in comparison to others. Water absorption increases significantly at 1,500nm.

Spectral range from 1,500 - 1,580 is the key range popular for long distance communications. InGaAs and MCT technology is mainly used for the manufacture of SWIR detectors. SWIR image is similar to visible light, and the photons are reflected or absorbed by an object, providing strong contrast needed for high-resolution imaging.

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Initially, SWIR Detectors were developed for the military and defence applications as it consists of imagers as well as detectors which detect objects in low light or total darkness using thermal radiations. Therefore, the detectors are used in various applications, such as people & motion detection, temperature measurement, fire & gas detection, and bio medical imaging. It consists of imagers as well as detectors which detect objects in low light or total darkness using thermal radiations. Thus, the night vision technologies with numerous applications are acting as a strong driver for SWIR market.

This market is segmented and forecast based on materials, industry vertical, and geography. The market in terms of materials comprises Indium Gallium Arsenide (InGaAs), Mercury Cadmium Telluride (HgCdTe), Indium Antimonide (InSb), and Lead Sulfide (PbS). On the basis of industry vertical, the market is segmented into Semiconductor Industry, Manufacturing & Process Industry, Agriculture Industry, Scientific Research & Life science, Automotive Industry, Commercial, and Military & Defense. The market is further segmented and forecast based on regions, covering North America, Europe, APAC, South America, and Rest of World.

This report also includes market share and value chain analyses, along with market metrics such as drivers & restraints. In addition, it presents a competitive landscape and company profiles of the key players in the market.

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The North American SWIR Market is estimated to grow at a CAGR of 12.07% in the forecast period. The SWIR technology is mainly used for manufacturing sensors, detectors and cameras. There are numerous benefits offered by SWIR technology products such as high sensitivity, high resolution, ability to taking an image through glass, seeing in the light of night glow or night sky radiance and ability to see covert lasers and beacons.

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