Shortwave Infrared (SWIR) Camera Market to grow by USD 118.6 million from 2022 to 2027

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28 Aug, 2023, 07:30 ET

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NEW YORK, Aug. 28, 2023 /PRNewswire/ -- The shortwave infrared (SWIR) camera market is expected to grow by USD 118.6 million during the five-year forecast period, according to Technavio. As per the latest report, the market will progress at a CAGR of 9.38% from 2022 to 2027. The rising spending on consumer electronics is a primary trend in the shortwave infrared camera market during the forecast period. There is an increase in spending on consumer electronics due to factors such as a rise in disposable income and the increasing popularity of digitalization. Furthermore, several factors such as the increasing popularity of technologically advanced electronic devices and the availability of various brands and products at different price ranges, are fuelling the market growth. Additionally, several market players are launching SWIR cameras for various applications, including surveillance. Hence, such factors are expected to drive market growth during the forecast period. View the new Free Sample Report within minutes!

Key Drivers-

The rising government investments in military devices drive market growth during the forecast period. There is increasing investment by governments of different countries in next-generation cutting-edge technology in the military segment to offer military personnel enhanced and accurate information. As a result, it has fuelled the demand for SWIR cameras. Furthermore, there is an increasing adoption of IR thermography across the defense sector. The main advantage of the SWIR camera is that it offers rapid target acquisition in military operations as well as night vision to soldiers. hence, such applications and investments are positively impacting the market which in turn will drive the market growth during the forecast period.

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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Our shortwave infrared (SWIR) camera market report covers the following areas:

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Table Of Contents :

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by End-user

7 Market Segmentation by Product

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Vendor Analysis

13 Appendix

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Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com

SOURCE Technavio