Table of Content

"1    INTRODUCTION    22
1.1    STUDY OBJECTIVES    22
1.2    DEFINITION    22
1.3    INCLUSIONS AND EXCLUSIONS    23
1.4    STUDY SCOPE    24
1.4.1    MARKETS COVERED    24
FIGURE 1    SWIR MARKET SEGMENTATION    24
1.4.2    GEOGRAPHIC SCOPE    25
1.4.3    YEARS CONSIDERED    25
1.5    CURRENCY    25
1.6    LIMITATIONS    26
1.7    STAKEHOLDERS    26
1.8    SUMMARY OF CHANGES    26
2    RESEARCH METHODOLOGY    27
2.1    RESEARCH DATA    27
FIGURE 2    PROCESS FLOW: SWIR MARKET SIZE ESTIMATION    27
FIGURE 3    SWIR MARKET: RESEARCH DESIGN    28
2.1.1    SECONDARY AND PRIMARY RESEARCH    29
2.1.2    SECONDARY DATA    29
2.1.2.1    Secondary sources    30
2.1.2.2    Key secondary sources    30
2.1.3    PRIMARY DATA    30
2.1.3.1    Primary Sources    31
2.1.3.2    Key industry insights    31
2.1.3.3    Primary interviews with experts    32
2.1.3.4    List of key primary respondents    32
2.1.3.5    Breakdown of primaries    32
2.2    MARKET SIZE ESTIMATION    33
2.2.1    BOTTOM-UP APPROACH    33
2.2.1.1    Approach for arriving at market size by bottom-up analysis    33
FIGURE 4    SWIR MARKET: BOTTOM-UP APPROACH    34
2.2.2    TOP-DOWN APPROACH    34
2.2.2.1    Approach for capturing market size by top-down analysis    34
FIGURE 5    SWIR TECHNOLOGY MARKET: TOP-DOWN APPROACH    35
2.3    MARKET BREAKDOWN AND DATA TRIANGULATION    35
FIGURE 6    DATA TRIANGULATION    35
2.4    RESEARCH ASSUMPTIONS    36
2.5    LIMITATIONS    37
2.6    RISK ASSESSMENT    37
3    EXECUTIVE SUMMARY    38
3.1    SWIR MARKET: POST-COVID-19    38
3.1.1    REALISTIC SCENARIO    38
FIGURE 7    REALISTIC SCENARIO: SWIR MARKET, 2017–2027 (USD MILLION)    38
3.1.2    PESSIMISTIC SCENARIO    39
FIGURE 8    PESSIMISTIC SCENARIO: SWIR MARKET, 2017–2027 (USD MILLION)    39
3.1.3    OPTIMISTIC SCENARIO    39
FIGURE 9    OPTIMISTIC SCENARIO: SWIR MARKET, 2017–2027 (USD MILLION)    39
FIGURE 10    IMPACT OF COVID-19 ON SWIR MARKET 2017–2027 (USD MILLION)    40
FIGURE 11    AREA SCAN SEGMENT TO HOLD LARGER MARKET SIZE DURING FORECAST PERIOD    41
FIGURE 12    UNCOOLED SEGMENT TO ACCOUNT FOR LARGER SIZE OF SWIR MARKET FROM 2021 TO 2027    41
FIGURE 13    NON-INDUSTRIAL SEGMENT TO ACCOUNT FOR LARGER SIZE OF SWIR MARKET DURING FORECAST PERIOD    42
FIGURE 14    NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE OF SWIR MARKET
IN 2020    43
4    PREMIUM INSIGHTS    44
4.1    ATTRACTIVE OPPORTUNITIES IN SWIR MARKET    44
FIGURE 15    SWIR MARKET EXPECTED TO WITNESS GROWTH OWING TO INCREASE IN DEMAND FOR SWIR TECHNOLOGY FROM INDUSTRIAL VERTICAL    44
4.2    SWIR MARKET, BY APPLICATION    45
FIGURE 16    SWIR MARKET FOR MONITORING AND INSPECTION APPLICATION TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    45
4.3    SWIR MARKET, BY TECHNOLOGY    45
FIGURE 17    MARKET FOR UNCOOLED SWIR CAMERAS EXPECTED TO HOLD LARGER SIZE DURING FORECAST PERIOD    45
4.4    SWIR MARKET FOR VERTICAL AND SCANNING TYPE    46
FIGURE 18    NON-INDUSTRIAL VERTICAL AND AREA SCAN TO ACCOUNT FOR LARGEST SIZE OF SWIR MARKET IN 2027    46
4.5    SWIR MARKET, BY COUNTRY    46
FIGURE 19    US TO HOLD LARGEST MARKET SHARE OF SWIR MARKET IN 2021    46
5    MARKET OVERVIEW    47
5.1    INTRODUCTION    47
5.2    MARKET DYNAMICS    47
FIGURE 20    SWIR MARKET DYNAMICS    47
5.2.1    DRIVERS    48
FIGURE 21    SWIR MARKET DRIVERS AND THEIR IMPACT    48
5.2.1.1    Rise in use of SWIR cameras in machine vision applications    48
5.2.1.2    Increase in penetration of SWIR cameras in military & defense vertical    49
FIGURE 22    MILITARY EXPENSES OF DIFFERENT COUNTRIES IN 2020    49
5.2.1.3    Surge in demand for SWIR cameras for use in multiple commercial applications    50
5.2.1.4    Upgrades in technological features and characteristics of SWIR detectors    50
5.2.2    RESTRAINTS    50
FIGURE 23    SWIR MARKET RESTRAINTS AND THEIR IMPACT    50
5.2.2.1    Stringent regulations related to import and export of SWIR cameras    51
5.2.3    OPPORTUNITIES    51
FIGURE 24    SWIR MARKET OPPORTUNITIES AND THEIR IMPACT    51
5.2.3.1    Rise in demand for SWIR cameras for use in new applications    51
5.2.4    CHALLENGES    52
FIGURE 25    SIWIR MARKET CHALLENGES AND THEIR IMPACT    52
5.2.4.1    High manufacturing costs of SWIR cameras    52
5.3    IMPACT OF COVID-19 ON SWIR MARKET    52
5.4    AVERAGE SELLING PRICE ANALYSIS    53
5.4.1    INFRARED CAMERAS    53
TABLE 1    PRICE RANGE OF INFRARED CAMERAS    53
5.5    VALUE CHAIN ANALYSIS    54
FIGURE 26    VALUE CHAIN ANALYSIS: SWIR MARKET    54
5.6    SWIR MARKET ECOSYSTEM    55
FIGURE 27    SWIR MARKET ECOSYSTEM    55
TABLE 2    SWIR MARKET: ECOSYSTEM    55
5.6.1    REVENUE SHIFT AND NEW REVENUE POCKETS FOR SWIR MARKET PLAYERS    57
FIGURE 28    LOW-COST SWIR TO PRESENT NEW GROWTH OPPORTUNITIES FOR SWIR COMPANIES    57
5.7    PORTER’S FIVE FORCES ANALYSIS    58
TABLE 3    SWIR MARKET: PORTER’S FIVE FORCES ANALYSIS, 2020    58
5.7.1    THREAT OF NEW ENTRANTS    58
5.7.2    THREAT OF SUBSTITUTES    58
5.7.3    BARGAINING POWER OF SUPPLIERS    58
5.7.4    BARGAINING POWER OF BUYERS    59
5.7.5    INTENSITY OF COMPETITIVE RIVALRY    59
5.8    REGULATORY LANDSCAPE IN SWIR MARKET    59
TABLE 4    STANDARDS AND REGULATIONS    59
5.9    CASE STUDY ANALYSIS    60
5.9.1    SWIR CAMERAS HELPED IN ANALYZING WATER ABSORPTION TO OPTIMIZE CROP YIELDS    60
5.9.2    IR MICROSCOPY WITH SWIR CAMERAS HELPS IN IDENTIFYING DEFECTS    61
5.10    TECHNOLOGICAL TRENDS    61
5.10.1    INCREASING USE OF IR IMAGING AS RAPID TOOL TO ANALYZE ORGANIC COMPOSTS    61
5.10.2    VIBRATIONAL SPECTROSCOPIC TECHNIQUES FOR CHECKING TEA QUALITY AND SAFETY ANALYSIS    62
5.11    PATENT ANALYSIS    62
TABLE 5    LIST OF KEY PATENTS REGISTERED IN SWIR MARKET IN LAST 10 YEARS    62
FIGURE 29    TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENTS DURING
2010–2020    64
FIGURE 30    NUMBER OF PATENTS GRANTED DURING 2010–2020    64
TABLE 6    TOP 20 PATENT OWNERS (US) DURING 2010–2020    65
5.12    TRADE DATA    66
TABLE 7    IMPORT DATA OF INSTRUMENTS AND APPARATUS FOR PHYSICAL OR CHEMICAL ANALYSIS USING UV, VISIBLE, OR IR OPTICAL RADIATIONS, 2016–2020 (USD THOUSAND)    66
FIGURE 31    IMPORT DATA OF INSTRUMENTS AND APPARATUS FOR PHYSICAL OR CHEMICAL ANALYSIS USING UV, VISIBLE, OR IR OPTICAL RADIATIONS, 2016–2020 (USD THOUSAND)    67
TABLE 8    EXPORT DATA OF INSTRUMENTS AND APPARATUS FOR PHYSICAL OR CHEMICAL ANALYSIS USING UV, VISIBLE, OR IR OPTICAL RADIATIONS, 2016–2020 (USD THOUSAND)    68
FIGURE 32    EXPORT DATA OF INSTRUMENTS AND APPARATUS FOR PHYSICAL OR CHEMICAL ANALYSIS USING UV, VISIBLE, OR IR OPTICAL RADIATIONS, 2016–2020 (USD THOUSAND)    68
5.13    TARIFF ANALYSIS    69
TABLE 9    TARIFF RATE FOR INSTRUMENTS AND APPARATUS FOR PHYSICAL OR CHEMICAL ANALYSIS USING UV, VISIBLE, OR IR OPTICAL RADIATION TRANSMISSION OR RECEPTION APPARATUS EXPORTED BY US IN 2020    69
TABLE 10    TARIFF RATE FOR INSTRUMENTS AND APPARATUS FOR PHYSICAL OR CHEMICAL ANALYSIS USING UV, VISIBLE, OR IR OPTICAL RADIATIONS TRANSMISSION OR RECEPTION APPARATUS EXPORTED BY GERMANY
IN 2020    69
TABLE 11    TARIFF RATE FOR INSTRUMENTS AND APPARATUS FOR PHYSICAL OR CHEMICAL ANALYSIS USING UV, VISIBLE, OR IR OPTICAL RADIATIONS TRANSMISSION OR RECEPTION APPARATUS EXPORTED BY SINGAPORE
IN 2020    70
TABLE 12    TARIFF RATE FOR INSTRUMENTS AND APPARATUS FOR PHYSICAL OR CHEMICAL ANALYSIS USING UV, VISIBLE, OR IR OPTICAL RADIATIONS TRANSMISSION OR RECEPTION APPARATUS EXPORTED BY JAPAN IN 2020    70
TABLE 13    TARIFF RATE FOR INSTRUMENTS AND APPARATUS FOR PHYSICAL OR CHEMICAL ANALYSIS USING UV, VISIBLE, OR IR OPTICAL RADIATION TRANSMISSION OR RECEPTION APPARATUS EXPORTED BY NETHERLANDS
IN 2020    71
6    MATERIALS USED IN SWIR CAMERAS    72
6.1    INTRODUCTION    72
FIGURE 33    TYPES OF MATERIALS USED IN SWIR CAMERAS    72
6.2    INDIUM GALLIUM ARSENIDE    73
6.2.1    INCREASE IN USE OF INDIUM GALLIUM ARSENIDE SWIR DETECTORS IN MAJORITY OF THERMAL APPLICATIONS    73
6.3    INDIUM ANTIMONIDE    73
6.3.1    SURGE IN DEMAND FOR INDIUM ANTIMONIDE MATERIALS FOR USE IN LIVE TRACKING AND GPS APPLICATIONS    73

6.4    LEAD SULFIDE    74
6.4.1    RISE IN DISRUPTIVE APPLICATIONS OF LEAD SULFIDE SWIR CAMERAS IN SCIENTIFIC RESEARCH    74
6.5    MERCURY CADMIUM TELLURIDE    74
6.5.1    INCREASE IN USE OF MERCURY CADMIUM TELLURIDE SWIR DETECTORS FOR MONITORING AND INSPECTION APPLICATIONS    74
7    SWIR MARKET, BY OFFERING    75
7.1    INTRODUCTION    76
FIGURE 34    SWIR MARKET, BY OFFERING    76
TABLE 14    SWIR MARKET, BY OFFERING, 2017–2020 (USD MILLION)    76
TABLE 15    SWIR MARKET, BY OFFERING, 2021–2027 (USD MILLION)    76
7.2    HARDWARE    77
7.2.1    SWIR CAMERAS    77
7.2.1.1    Growing adoption of SWIR cameras in security and surveillance applications is spurring market growth    77
7.2.2    SWIR MODULES    77
7.2.2.1    Increasing demand for SWIR modules boosting growth of market    77
7.3    SOFTWARE    77
7.3.1    NITVISION SOFTWARE TO IMPROVE GRAPHIC USER INTERFACE OF SWIR CAMERAS    77
7.4    SERVICE    78
7.4.1    RISING OFFERINGS OF QUALITY SERVICES BY MANUFACTURERS BOOSTING DEMAND FOR SWIR CAMERAS    78
8    SWIR MARKET, BY SCANNING TYPE    79
8.1    INTRODUCTION    80
FIGURE 35    SWIR MARKET, BY SCANNING TYPE    80
FIGURE 36    AREA SCAN SEGMENT TO HOLD LARGER SIZE OF SWIR MARKET FROM
2021 TO 2027    80
TABLE 16    SWIR MARKET, BY SCANNING TYPE, 2017–2020 (USD MILLION)    81
TABLE 17    SWIR MARKET, BY SCANNING TYPE, 2021–2027 (USD MILLION)    81
8.2    AREA SCAN    82
8.2.1    INCREASE IN USE OF AREA-SCAN SWIR CAMERAS FOR SECURITY AND SURVEILLANCE APPLICATIONS    82
TABLE 18    SWIR MARKET FOR AREA SCAN, BY VERTICAL, 2017–2020 (USD MILLION)    82
TABLE 19    SWIR MARKET FOR AREA SCAN, BY VERTICAL, 2021–2027 (USD MILLION)    82
TABLE 20    SWIR MARKET FOR AREA SCAN, BY REGION, 2017–2020 (USD MILLION)    83
TABLE 21    SWIR MARKET FOR AREA SCAN, BY REGION, 2021–2027 (USD MILLION)    83
8.3    LINE SCAN    83
8.3.1    RISE IN DEMAND FROM INDUSTRIAL VERTICAL TO BOOST GROWTH OF
SWIR MARKET FOR LINE SCAN    83
TABLE 22    SWIR MARKET FOR LINE SCAN, BY VERTICAL, 2017–2020 (USD MILLION)    84
TABLE 23    SWIR MARKET FOR LINE SCAN, BY VERTICAL, 2021–2027 (USD MILLION)    84
TABLE 24    SWIR MARKET FOR LINE SCAN, BY REGION, 2017–2020 (USD MILLION)    84
TABLE 25    SWIR MARKET FOR LINE SCAN, BY REGION, 2021–2027 (USD MILLION)    85
9    SWIR MARKET, BY TECHNOLOGY    86
9.1    INTRODUCTION    87
FIGURE 37    SWIR MARKET, BY TECHNOLOGY    87
FIGURE 38    UNCOOLED SEGMENT TO ACCOUNT FOR LARGER SIZE OF SWIR MARKET FROM 2021 TO 2027    87
TABLE 26    SWIR MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)    88
TABLE 27    SWIR MARKET, BY TECHNOLOGY, 2021–2027 (USD MILLION)    88
9.2    COOLED SWIR TECHNOLOGY    88
9.2.1    COOLED SWIR CAMERAS CREATE CLEAR IMAGES WITH HIGH SPECTRAL FILTERING AND IMPROVED MAGNIFICATION PERFORMANCE    88
9.3    UNCOOLED SWIR TECHNOLOGY    89
9.3.1    UNCOOLED SWIR CAMERAS ELIMINATE REQUIREMENT FOR CRYOGENIC COOLING OF IMAGING SENSORS INSTALLED IN THEM    89
9.3.2    IMPACT OF COVID-19 ON UNCOOLED SWIR MARKET    89
FIGURE 39    IMPACT OF COVID-19 ON UNCOOLED SWIR MARKET    89
TABLE 28    POST-COVID19: UNCOOLED SWIR MARKET (2017–2027) USD MILLION    90
10    SWIR MARKET, BY APPLICATION    91
10.1    INTRODUCTION    92
FIGURE 40    SWIR MARKET, BY APPLICATION    92
FIGURE 41    SECURITY AND SURVEILLANCE SEGMENT TO ACCOUNT FOR LARGEST SIZE OF SWIR MARKET IN 2027    92
TABLE 29    SWIR MARKET, BY APPLICATION, 2017–2020 (USD MILLION)    92
TABLE 30    SWIR MARKET, BY APPLICATION, 2021–2027 (USD MILLION)    93
10.2    SECURITY AND SURVEILLANCE    93
10.2.1    INCREASE IN INVESTMENTS IN MILITARY & DEFENSE AND COMMERCIAL VERTICALS TO FUEL GROWTH OF SWIR MARKET DURING FORECAST PERIOD    93
TABLE 31    SWIR MARKET FOR SECURITY AND SURVEILLANCE, BY VERTICAL,
2017–2020 (USD MILLION)    94
TABLE 32    SWIR MARKET FOR SECURITY AND SURVEILLANCE, BY VERTICAL,
2021–2027(USD MILLION)    94
TABLE 33    SWIR MARKET FOR SECURITY AND SURVEILLANCE, BY REGION,
2017–2020 (USD MILLION)    94
TABLE 34    SWIR MARKET FOR SECURITY AND SURVEILLANCE, BY REGION,
2021–2027 (USD MILLION)    95
TABLE 35    SWIR MARKET IN NORTH AMERICA FOR SECURITY AND SURVEILLANCE,
BY COUNTRY, 2017–2020 (USD MILLION)    95
TABLE 36    SWIR MARKET IN NORTH AMERICA FOR SECURITY AND SURVEILLANCE,
BY COUNTRY, 2021–2027 (USD MILLION)    95
TABLE 37    SWIR MARKET IN EUROPE FOR SECURITY AND SURVEILLANCE, BY COUNTRY, 2017–2020 (USD MILLION)    96
TABLE 38    SWIR MARKET IN EUROPE FOR SECURITY AND SURVEILLANCE, BY COUNTRY, 2021–2027 (USD MILLION)    96
TABLE 39    SWIR MARKET IN APAC FOR SECURITY AND SURVEILLANCE, BY COUNTRY, 2017–2020(USD MILLION)    96
TABLE 40    SWIR MARKET IN APAC FOR SECURITY AND SURVEILLANCE, BY COUNTRY, 2021–2027(USD MILLION)    97
TABLE 41    SWIR MARKET IN ROW FOR SECURITY AND SURVEILLANCE, BY REGION, 2017–2020 (USD MILLION)    97
TABLE 42    SWIR MARKET IN ROW FOR SECURITY AND SURVEILLANCE, BY REGION, 2021–2027 (USD MILLION)    97
10.3    MONITORING AND INSPECTION    98
10.3.1    SURGE IN USE OF INDIUM GALLIUM ARSENIDE SWIR CAMERAS IN FOOD & BEVERAGES AND GLASS MANUFACTURING INDUSTRIES    98
FIGURE 42    NON-INDUSTRIAL VERTICAL TO WITNESS HIGHER CAGR IN MARKET FOR MONITORING AND INSPECTION APPLICATION FROM 2021 TO 2027    98
TABLE 43    SWIR MARKET FOR MONITORING AND INSPECTION, BY VERTICAL,
2017–2020 (USD MILLION)    98
TABLE 44    SWIR MARKET FOR MONITORING AND INSPECTION, BY VERTICAL,
2021–2027 (USD MILLION)    99
TABLE 45    SWIR MARKET FOR MONITORING AND INSPECTION, BY REGION,
2017–2020 (USD MILLION)    99
TABLE 46    SWIR MARKET FOR MONITORING AND INSPECTION, BY REGION,
2021–2027 (USD MILLION)    99
TABLE 47    SWIR MARKET IN NORTH AMERICA FOR MONITORING AND INSPECTION,
BY COUNTRY, 2017–2020 (USD MILLION)    100
TABLE 48    SWIR MARKET IN NORTH AMERICA FOR MONITORING AND INSPECTION,
BY COUNTRY, 2021–2027 (USD MILLION)    100
TABLE 49    SWIR MARKET IN EUROPE FOR MONITORING AND INSPECTION, BY COUNTRY, 2017–2020 (USD MILLION)    100
TABLE 50    SWIR MARKET IN EUROPE FOR MONITORING AND INSPECTION, BY COUNTRY, 2021–2027 (USD MILLION)    101
TABLE 51    SWIR MARKET IN APAC FOR MONITORING AND INSPECTION, BY COUNTRY, 2017–2020 (USD MILLION)    101
TABLE 52    SWIR MARKET IN APAC FOR MONITORING AND INSPECTION, BY COUNTRY, 2021–2027 (USD MILLION)    101
TABLE 53    SWIR MARKET IN ROW FOR MONITORING AND INSPECTION, BY REGION, 2017–2020 (USD MILLION)    102
TABLE 54    SWIR MARKET IN ROW FOR MONITORING AND INSPECTION, BY REGION, 2021–2027 (USD MILLION)    102
10.4    DETECTION    102
10.4.1    RISE IN ADOPTION OF SWIR CAMERAS IN DIFFERENT INDUSTRIES TO ENSURE QUALITY PRODUCTS    102
FIGURE 43    NORTH AMERICA IS EXPECTED TO HOLD LARGEST SIZE OF MARKET FOR DETECTION SEGMENT IN 2027    103
TABLE 55    SWIR MARKET FOR DETECTION, BY VERTICAL, 2017–2020 (USD MILLION)    103
TABLE 56    SWIR MARKET FOR DETECTION, BY VERTICAL, 2021–2027(USD MILLION)    103
TABLE 57    SWIR MARKET FOR DETECTION, BY REGION, 2017–2020 (USD MILLION)    104
TABLE 58    SWIR MARKET FOR DETECTION, BY REGION, 2021–2027(USD MILLION)    104
TABLE 59    SWIR MARKET IN NORTH AMERICA FOR DETECTION, BY COUNTRY,
2017–2020 (USD MILLION)    104
TABLE 60    SWIR MARKET IN NORTH AMERICA FOR DETECTION, BY COUNTRY,
2021–2027 (USD MILLION)    105
TABLE 61    SWIR MARKET IN EUROPE FOR DETECTION, BY COUNTRY,
2017–2020 (USD MILLION)    105
TABLE 62    SWIR MARKET IN EUROPE FOR DETECTION, BY COUNTRY,
2021–2027 (USD MILLION)    105
TABLE 63    SWIR MARKET IN APAC FOR DETECTION, BY COUNTRY,
2017–2020 (USD MILLION)    106
TABLE 64    SWIR MARKET IN APAC FOR DETECTION, BY COUNTRY,
2021–2027 (USD MILLION)    106
TABLE 65    SWIR MARKET IN ROW FOR DETECTION, BY REGION,
2017–2020 (USD MILLION)    106
TABLE 66    SWIR MARKET IN ROW FOR DETECTION, BY REGION,
2021–2027 (USD MILLION)    106
10.5    IMPACT OF COVID-19 ON SWIR MARKET, BY APPLICATION    107
FIGURE 44    IMPACT OF COVID-19 ON SWIR MARKET, BY APPLICATION    107
TABLE 67    SWIR MARKET, BY APPLICATION, 2017–2027 (USD MILLION)    107
11    SWIR MARKET, BY VERTICAL    108
11.1    INTRODUCTION    109
FIGURE 45    SWIR MARKET, BY VERTICAL    109
FIGURE 46    NON-INDUSTRIAL SEGMENT TO HOLD LARGER SIZE OF SWIR MARKET
IN 2021    109
TABLE 68    SWIR MARKET, BY VERTICAL, 2017–2020 (USD MILLION)    110
TABLE 69    SWIR MARKET, BY VERTICAL, 2021–2027 (USD MILLION)    110
11.2    INDUSTRIAL    110
TABLE 70    SWIR MARKET FOR INDUSTRIAL, BY SCANNING TYPE,
2017–2020 (USD MILLION)    111
TABLE 71    SWIR MARKET FOR INDUSTRIAL, BY SCANNING TYPE,
2021–2027 (USD MILLION)    111
TABLE 72    SWIR MARKET FOR INDUSTRIAL, BY APPLICATION,
2017–2020 (USD MILLION)    111
TABLE 73    SWIR MARKET FOR INDUSTRIAL, BY APPLICATION,
2021–2027 (USD MILLION)    111
TABLE 74    SWIR MARKET FOR INDUSTRIAL, BY REGION, 2017–2020 (USD MILLION)    112
TABLE 75    SWIR MARKET FOR INDUSTRIAL, BY REGION, 2021–2027 (USD MILLION)    112
TABLE 76    SWIR MARKET IN NORTH AMERICA FOR INDUSTRIAL, BY SCANNING TYPE, 2017–2020 (USD MILLION)    112
TABLE 77    SWIR MARKET IN NORTH AMERICA FOR INDUSTRIAL, BY SCANNING TYPE, 2021–2027 (USD MILLION)    113
TABLE 78    SWIR MARKET IN EUROPE FOR INDUSTRIAL, BY SCANNING TYPE,
2017–2020 (USD MILLION)    113
TABLE 79    SWIR MARKET IN EUROPE FOR INDUSTRIAL, BY SCANNING TYPE,
2021–2027 (USD MILLION)    113
TABLE 80    SWIR MARKET IN APAC FOR INDUSTRIAL, BY SCANNING TYPE,
2017–2020 (USD MILLION)    113
TABLE 81    SWIR MARKET IN APAC FOR INDUSTRIAL, BY SCANNING TYPE,
2021–2027 (USD MILLION)    114
TABLE 82    SWIR MARKET IN ROW FOR INDUSTRIAL, BY SCANNING TYPE,
2017–2020 (USD MILLION)    114
TABLE 83    SWIR MARKET IN ROW FOR INDUSTRIAL, BY SCANNING TYPE,
2021–2027 (USD MILLION)    114
11.2.1    AUTOMOTIVE    115
11.2.1.1    Rise in adoption of SWIR cameras in wide range of applications in automotive industry    115
11.2.2    AEROSPACE    115
11.2.2.1    Surge in demand for SWIR cameras from aerospace vertical for use in enhanced vision systems    115
11.2.3    ELECTRONICS & SEMICONDUCTORS    115
11.2.3.1    Increase in use of SWIR cameras for inspection of quality of pure semiconductor materials    115
11.2.4    OIL & GAS    116
11.2.4.1    Surge in demand for SWIR cameras to understand dimensions of oil wells and coal mines    116
11.2.5    FOOD & BEVERAGES    116
11.2.5.1    Rise in use of SWIR cameras for in-line food inspection through conveyor belts    116
11.2.6    GLASS    116
11.2.6.1    Increase in use of SWIR cameras for imaging temperature gradients of glass products    116
11.2.7    OTHERS    117
11.2.8    SWIR MARKET FOR INDUSTRIAL VERTICAL: COVID-19 IMPACT    117
FIGURE 47    IMPACT OF COVID-19 ON SWIR MARKET FOR INDUSTRIAL VERTICAL    117
TABLE 84    POST-COVID-19: SWIR MARKET FOR INDUSTRIAL VERTICAL,
2017–2027 (USD MILLION)    117
11.3    NON-INDUSTRIAL    118
FIGURE 48    SECURITY AND SURVEILLANCE SEGMENT TO HOLD LARGEST SIZE OF SWIR MARKET FOR NON-INDUSTRIAL FROM 2021 TO 2027    118
TABLE 85    SWIR MARKET FOR NON-INDUSTRIAL, BY SCANNING TYPE,
2017–2020 (USD MILLION)    118
TABLE 86    SWIR MARKET FOR NON-INDUSTRIAL, BY SCANNING TYPE,
2021–2027 (USD MILLION)    119
TABLE 87    SWIR MARKET FOR NON-INDUSTRIAL, BY APPLICATION,
2017–2020 (USD MILLION)    119
TABLE 88    SWIR MARKET FOR NON-INDUSTRIAL, BY APPLICATION,
2021–2027 (USD MILLION)    119
TABLE 89    SWIR MARKET FOR NON-INDUSTRIAL, BY REGION,
2017–2020 (USD MILLION)    119
TABLE 90    SWIR MARKET FOR NON-INDUSTRIAL, BY REGION,
2021–2027(USD MILLION)    120
TABLE 91    SWIR MARKET IN NORTH AMERICA FOR NON-INDUSTRIAL,
BY SCANNING TYPE, 2017–2020 (USD MILLION)    120
TABLE 92    SWIR MARKET IN NORTH AMERICA FOR NON-INDUSTRIAL,
BY SCANNING TYPE, 2021–2027 (USD MILLION)    120
TABLE 93    SWIR MARKET IN EUROPE FOR NON-INDUSTRIAL, BY SCANNING TYPE, 2017–2020 (USD MILLION)    121
TABLE 94    SWIR MARKET IN EUROPE FOR NON-INDUSTRIAL, BY SCANNING TYPE, 2021–2027 (USD MILLION)    121
TABLE 95    SWIR MARKET IN APAC FOR NON-INDUSTRIAL, BY SCANNING TYPE,
2017–2020 (USD MILLION)    121
TABLE 96    SWIR MARKET IN APAC FOR NON-INDUSTRIAL, BY SCANNING TYPE,
2021–2027 (USD MILLION)    121
TABLE 97    SWIR MARKET IN ROW FOR NON-INDUSTRIAL, BY SCANNING TYPE,
2017–2020 (USD MILLION)    122
TABLE 98    SWIR MARKET IN ROW FOR NON-INDUSTRIAL, BY SCANNING TYPE,
2021–2027(USD MILLION)    122
11.3.1    MILITARY & DEFENSE    122
11.3.1.1    Surge in use of SWIR cameras in military & defense vertical to provide clear images    122
11.3.2    MEDICAL    123
11.3.2.1    Emergence of new sub-applications of SWIR cameras in medical vertical    123
11.3.3    SCIENTIFIC RESEARCH    123
11.3.3.1    Increase in adoption of SWIR products for scientific research    123
11.3.4    OTHERS    124
12    GEOGRAPHIC ANALYSIS    125
12.1    INTRODUCTION    126
FIGURE 49    SWIR MARKET IN CHINA TO GROW AT HIGHEST CAGR FROM 2021 TO 2027    126
TABLE 99    SWIR MARKET, BY REGION, 2017–2020 (USD MILLION)    126
TABLE 100    SWIR MARKET, BY REGION, 2021–2027 (USD MILLION)    127
12.2    NORTH AMERICA    127
FIGURE 50    NORTH AMERICA: SWIR MARKET SNAPSHOT    128
TABLE 101    SWIR MARKET IN NORTH AMERICA, BY COUNTRY,
2017–2020 (USD MILLION)    128
TABLE 102    SWIR MARKET IN NORTH AMERICA, BY COUNTRY,
2021–2027 (USD MILLION)    129
TABLE 103    SWIR MARKET IN NORTH AMERICA, BY SCANNING TYPE,
2017–2020 (USD MILLION)    129
TABLE 104    SWIR MARKET IN NORTH AMERICA, BY SCANNING TYPE,
2021–2027 (USD MILLION)    129
TABLE 105    SWIR MARKET IN NORTH AMERICA, BY VERTICAL,
2017–2020 (USD MILLION)    129
TABLE 106    SWIR MARKET IN NORTH AMERICA, BY VERTICAL,
2021–2027 (USD MILLION)    130
TABLE 107    SWIR MARKET IN NORTH AMERICA, BY APPLICATION,
2017–2020 (USD MILLION)    130
TABLE 108    SWIR MARKET IN NORTH AMERICA, BY APPLICATION,
2021–2027(USD MILLION)    130
12.2.1    US    131
12.2.1.1    New technologies hold potential for SWIR products in US    131
TABLE 109    SWIR MARKET IN US, BY VERTICAL, 2017–2020 (USD MILLION)    131
TABLE 110    SWIR MARKET IN US, BY VERTICAL, 2021–2027 (USD MILLION)    131
TABLE 111    SWIR MARKET IN US, BY APPLICATION, 2017–2020 (USD MILLION)    131
TABLE 112    SWIR MARKET IN US, BY APPLICATION, 2021–2027 (USD MILLION)    132
12.2.2    CANADA    132
12.2.2.1    Huge manufacturing capabilities increase demand for SWIR products    132
TABLE 113    SWIR MARKET IN CANADA, BY VERTICAL, 2017–2020 (USD MILLION)    132
TABLE 114    SWIR MARKET IN CANADA, BY VERTICAL, 2021–2027 (USD MILLION)    133
TABLE 115    SWIR MARKET IN CANADA, BY APPLICATION, 2017–2020(USD MILLION)    133
TABLE 116    SWIR MARKET IN CANADA, BY APPLICATION, 2021–2027(USD MILLION)    133
12.2.3    MEXICO    134
12.2.3.1    Significant developments in medical and automobile verticals in Mexico driving market growth    134
TABLE 117    SWIR MARKET IN MEXICO, BY VERTICAL, 2017–2020 (USD MILLION)    134
TABLE 118    SWIR MARKET IN MEXICO, BY VERTICAL, 2021–2027 (USD MILLION)    134
TABLE 119    SWIR MARKET IN MEXICO, BY APPLICATION, 2017–2020 (USD MILLION)    135
TABLE 120    SWIR MARKET IN MEXICO, BY APPLICATION, 2021–2027 (USD MILLION)    135
FIGURE 51    SWIR MARKET IN NORTH AMERICA: COVID-19 IMPACT    135
TABLE 121    POST-COVID19: SWIR MARKET IN NORTH AMERICA
(2017–2027) USD MILLION    136
12.3    EUROPE    136
FIGURE 52    EUROPE: SWIR MARKET SNAPSHOT    137
TABLE 122    SWIR MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)    137
TABLE 123    SWIR MARKET IN EUROPE, BY COUNTRY, 2021–2027 (USD MILLION)    138
TABLE 124    SWIR MARKET IN EUROPE, BY SCANNING TYPE, 2017–2020 (USD MILLION)    138
TABLE 125    SWIR MARKET IN EUROPE, BY SCANNING TYPE, 2021–2027 (USD MILLION)    138
TABLE 126    SWIR MARKET IN EUROPE, BY VERTICAL, 2017–2020 (USD MILLION)    138
TABLE 127    SWIR MARKET IN EUROPE, BY VERTICAL, 2021–2027 (USD MILLION)    139
TABLE 128    SWIR MARKET IN EUROPE, BY APPLICATION, 2017–2020 (USD MILLION)    139
TABLE 129    SWIR MARKET IN EUROPE, BY APPLICATION, 2021–2027 (USD MILLION)    139
12.3.1    UK    140
12.3.1.1    Technological advancements disrupting market in UK    140
TABLE 130    SWIR MARKET IN UK, BY VERTICAL, 2017–2020 (USD MILLION)    140
TABLE 131    SWIR MARKET IN UK, BY VERTICAL, 2021–2027 (USD MILLION)    140
TABLE 132    SWIR MARKET IN UK, BY APPLICATION, 2017–2020 (USD MILLION)    141
TABLE 133    SWIR MARKET IN UK, BY APPLICATION, 2021–2027(USD MILLION)    141
12.3.2    GERMANY    141
12.3.2.1    Automotive and military & defense verticals lead market in Germany    141
TABLE 134    SWIR MARKET IN GERMANY, BY VERTICAL, 2017–2020 (USD MILLION)    142
TABLE 135    SWIR MARKET IN GERMANY, BY VERTICAL, 2021–2027(USD MILLION)    142
TABLE 136    SWIR MARKET IN GERMANY, BY APPLICATION, 2017–2020 (USD MILLION)    142
TABLE 137    SWIR MARKET IN GERMANY, BY APPLICATION, 2021–2027 (USD MILLION)    143
12.3.3    FRANCE    143
12.3.3.1    Food inspection and audit drive market growth in France    143
TABLE 138    SWIR MARKET IN FRANCE, BY VERTICAL, 2017–2020 (USD MILLION)    143
TABLE 139    SWIR MARKET IN FRANCE, BY VERTICAL, 2021–2027 (USD MILLION)    144
TABLE 140    SWIR MARKET IN FRANCE, BY APPLICATION, 2017–2020 (USD MILLION)    144
TABLE 141    SWIR MARKET IN FRANCE, BY APPLICATION, 2021–2027 (USD MILLION)    144
12.3.4    REST OF EUROPE (ROE)    145
TABLE 142    SWIR MARKET IN REST OF EUROPE, BY VERTICAL,
2017–2020 (USD MILLION)    145
TABLE 143    SWIR MARKET IN REST OF EUROPE, BY VERTICAL,
2021–2027 (USD MILLION)    145
TABLE 144    SWIR MARKET IN REST OF EUROPE, BY APPLICATION,
2017–2020 (USD MILLION)    145
TABLE 145    SWIR MARKET IN REST OF EUROPE, BY APPLICATION,
2021–2027 (USD MILLION)    146
12.4    ASIA PACIFIC    147
FIGURE 53    APAC: SWIR MARKET SNAPSHOT    147
TABLE 146    SWIR MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)    148
TABLE 147    SWIR MARKET IN APAC, BY COUNTRY, 2021–2027 (USD MILLION)    148
TABLE 148    SWIR MARKET IN APAC, BY SCANNING TYPE, 2017–2020 (USD MILLION)    148
TABLE 149    SWIR MARKET IN APAC, BY SCANNING TYPE, 2021–2027 (USD MILLION)    148
TABLE 150    SWIR MARKET IN APAC, BY VERTICAL, 2017–2020 (USD MILLION)    149
TABLE 151    SWIR MARKET IN APAC, BY VERTICAL, 2021–2027 (USD MILLION)    149
TABLE 152    SWIR MARKET IN APAC, BY APPLICATION, 2017–2020 (USD MILLION)    149
TABLE 153    SWIR MARKET IN APAC, BY APPLICATION, 2021–2027 (USD MILLION)    149
12.4.1    CHINA    150
12.4.1.1    Development of electronics and semiconductors to contribute to demand for SWIR detectors during forecast period    150
TABLE 154    SWIR MARKET IN CHINA, BY VERTICAL, 2017–2020 (USD MILLION)    150
TABLE 155    SWIR MARKET IN CHINA, BY VERTICAL, 2021–2027 (USD MILLION)    150
TABLE 156    SWIR MARKET IN CHINA, BY APPLICATION, 2017–2020 (USD MILLION)    151
TABLE 157    SWIR MARKET IN CHINA, BY APPLICATION, 2021–2027 (USD MILLION)    151
12.4.2    JAPAN    151
12.4.2.1    Security and surveillance to lead to rise in consumption of SWIR detectors in coming years    151
TABLE 158    SWIR MARKET IN JAPAN, BY VERTICAL, 2017–2020 (USD MILLION)    152
TABLE 159    SWIR MARKET IN JAPAN, BY VERTICAL, 2021–2027 (USD MILLION)    152
TABLE 160    SWIR MARKET IN JAPAN, BY APPLICATION, 2017–2020 (USD MILLION)    152
TABLE 161    SWIR MARKET IN JAPAN, BY APPLICATION, 2021–2027 (USD MILLION)    153
12.4.3    INDIA    153
12.4.3.1    Significant demand for SWIR products to be generated from military & defense vertical during forecast period    153
TABLE 162    SWIR MARKET IN INDIA, BY VERTICAL, 2017–2020 (USD MILLION)    153
TABLE 163    SWIR MARKET IN INDIA, BY VERTICAL, 2021–2027 (USD MILLION)    154
TABLE 164    SWIR MARKET IN INDIA, BY APPLICATION, 2017–2020 (USD MILLION)    154
TABLE 165    SWIR MARKET IN INDIA, BY APPLICATION, 2021–2027 (USD MILLION)    154

12.4.4    REST OF APAC (ROAPAC)    155
TABLE 166    SWIR MARKET IN REST OF APAC, BY VERTICAL, 2017–2020 (USD MILLION)    155
TABLE 167    SWIR MARKET IN REST OF APAC, BY VERTICAL, 2021–2027 (USD MILLION)    155
TABLE 168    SWIR MARKET IN REST OF APAC, BY APPLICATION,
2017–2020 (USD MILLION)    155
TABLE 169    SWIR MARKET IN REST OF APAC, BY APPLICATION,
2021–2027 (USD MILLION)    156
FIGURE 54    SWIR MARKET IN APAC: COVID-19 IMPACT    156
TABLE 170    POST-COVID19: SWIR MARKET IN APAC (2017–2027) USD MILLION    156
12.5    REST OF THE WORLD    157
FIGURE 55    ROW: SWIR MARKET SNAPSHOT    157
TABLE 171    SWIR MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)    158
TABLE 172    SWIR MARKET IN ROW, BY REGION, 2021–2027 (USD MILLION)    158
TABLE 173    SWIR MARKET IN ROW, BY SCANNING TYPE, 2017–2020 (USD MILLION)    158
TABLE 174    SWIR MARKET IN ROW, BY SCANNING TYPE, 2021–2027 (USD MILLION)    158
TABLE 175    SWIR MARKET IN ROW, BY VERTICAL, 2017–2020 (USD MILLION)    159
TABLE 176    SWIR MARKET IN ROW, BY VERTICAL, 2021–2027 (USD MILLION)    159
TABLE 177    SWIR MARKET IN ROW, BY APPLICATION, 2017–2020 (USD MILLION)    159
TABLE 178    SWIR MARKET IN ROW, BY APPLICATION, 2021–2027 (USD MILLION)    159
12.5.1    SOUTH AMERICA    160
12.5.1.1    Significant demand for SWIR products in monitoring & inspection applications    160
TABLE 179    SWIR MARKET IN SOUTH AMERICA, BY VERTICAL,
2017–2020 (USD MILLION)    160
TABLE 180    SWIR MARKET IN SOUTH AMERICA, BY VERTICAL,
2021–2027 (USD MILLION)    160
TABLE 181    SWIR MARKET IN SOUTH AMERICA, BY APPLICATION,
2017–2020 (USD MILLION)    160
TABLE 182    SWIR MARKET IN SOUTH AMERICA, BY APPLICATION,
 2021–2027 (USD MILLION)    161
12.5.2    MIDDLE EAST AND AFRICA    161
12.5.2.1    Significant investments in military & defense to boost demand for SWIR products in region    161
TABLE 183    SWIR MARKET IN MIDDLE EAST AND AFRICA, BY VERTICAL,
2017–2020 (USD MILLION)    161
TABLE 184    SWIR MARKET IN MIDDLE EAST AND AFRICA, BY VERTICAL,
2021–2027 (USD MILLION)    162
TABLE 185    SWIR MARKET IN MIDDLE EAST AND AFRICA, BY APPLICATION,
2017–2020 (USD MILLION)    162
TABLE 186    SWIR MARKET IN MIDDLE EAST AND AFRICA, BY APPLICATION,
2021–2027 (USD MILLION)    162

13    COMPETITIVE LANDSCAPE    163
13.1    OVERVIEW    163
13.2    KEY PLAYER STRATEGIES/RIGHT TO WIN    163
13.3    REVENUE ANALYSIS OF TOP COMPANIES    164
FIGURE 56    REVENUE ANALYSIS (USD BILLION), 2016–2020    164
13.4    MARKET SHARE ANALYSIS    164
TABLE 187    SWIR MARKET: DEGREE OF COMPETITION (2020)    165
FIGURE 57    MARKET SHARE ANALYSIS: SWIR MARKET 2020    165
13.5    COMPANY EVALUATION QUADRANT FOR SWIR MARKET, 2020    167
13.5.1    STAR    167
13.5.2    EMERGING LEADER    167
13.5.3    PERVASIVE    167
13.5.4    PARTICIPANT    167
FIGURE 58    SWIR MARKET COMPANY EVALUATION QUADRANT, 2020    168
13.5.5    COMPANY FOOTPRINT    169
TABLE 188    COMPANY FOOTPRINT: SWIR MARKET    169
TABLE 189    COMPANY VERTICAL FOOTPRINT: SWIR MARKET    170
TABLE 190    COMPANY APPLICATION FOOTPRINT: SWIR MARKET    171
TABLE 191    COMPANY REGION FOOTPRINT: SWIR MARKET    172
13.6    STARTUP/SME EVALUATION QUADRANT FOR SWIR MARKET, 2020    173
13.6.1    PROGRESSIVE COMPANIES    173
13.6.2    RESPONSIVE COMPANIES    173
13.6.3    DYNAMIC COMPANIES    173
13.6.4    STARTING BLOCKS    173
FIGURE 59    SWIR MARKET STARTUP/SME EVALUATION QUADRANT, 2020    174
13.7    COMPETITIVE SITUATIONS AND TRENDS    174
13.7.1    PRODUCT LAUNCHES AND DEVELOPMENTS    174
TABLE 192    PRODUCT LAUNCHES AND DEVELOPMENTS, 2018–2021    175
13.7.2    DEALS    176
TABLE 193    DEALS, 2018–2021    176
14    COMPANY PROFILES    177
14.1    INTRODUCTION    177
14.2    KEY PLAYERS    177
(Business overview, Products offered, Recent Developments, MNM view)*
14.2.1    COLLINS AEROSPACE (RAYTHEON TECHNOLOGIES)    177
FIGURE 60    RAYTHEON TECHNOLOGIES: COMPANY SNAPSHOT    178
14.2.2    TELEDYNE FLIR    181
FIGURE 61    FLIR SYSTEMS: COMPANY SNAPSHOT    182
14.2.3    XENICS    188
14.2.4    NEW IMAGING TECHNOLOGIES    192
14.2.5    ALLIED VISION TECHNOLOGIES    195
14.2.6    RAPTOR PHOTONICS    198
14.2.7    LYNRED    200
14.2.8    OPGAL OPTRONIC    202
14.2.9    PHOTON ETC.    203
14.2.10    HAMAMATSU PHOTONICS    205
FIGURE 62    HAMAMATSU PHOTONICS: COMPANY SNAPSHOT    206
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
14.3    OTHER PLAYERS    209
14.3.1    INTEVAC    209
14.3.2    INVIEW TECHNOLOGY    210
14.3.3    SIERRA-OLYMPICS TECHNOLOGIES    211
14.3.4    FLUXDATA    211
14.3.5    IRCAMERAS    212
14.3.6    EPISENSORS    212
14.3.7    PRINCETON INFRARED TECHNOLOGIES    213
14.3.8    LEONARDO DRS    213
14.3.9    INFRATEC    214
14.3.10    TONBO IMAGING    214
14.3.11    COX    215
14.3.12    C-THERMAL    215
14.3.13    ZHEJIANG DALI TECHNOLOGY    216
14.3.14    AXIS COMMUNICATION    217
14.3.15    HGH INFRARED SYSTEMS    218
15    APPENDIX    219
15.1    INSIGHTS OF INDUSTRY EXPERTS    219
15.2    DISCUSSION GUIDE    220
15.3    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    223
15.4    AVAILABLE CUSTOMIZATIONS    225
15.5    RELATED REPORTS    225
15.6    AUTHOR DETAILS    226"