The Asia Pacific Shortwave Infrared Market would witness market growth of 12.4% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Shortwave Infrared Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $97.7 million by 2031. The Japan market is showcasing a CAGR of 11.7% during (2024 - 2031). Additionally, The India market is registering a CAGR of 13.1% during (2024 - 2031).
This market is fueled by the growing interest in SWIR applications, such as defense and security, industrial automation, agricultural monitoring, medical imaging, and environmental monitoring. These sectors require the high-resolution, real-time imagery that shortwave infrared technology provides, making SWIR a key technology for meeting the demands of modern applications.
Moreover, SWIR technology is used in a diverse range of applications across various industries. Its unique characteristics enable various uses that are impossible with conventional imaging or sensing technologies. The defense sector has been one of the largest adopters of SWIR technology.
The shortwave infrared market is expected to grow substantially as industries across China and India embrace advancements in smart manufacturing and the automotive sector. In both countries, transformative developments in technology and manufacturing are creating new opportunities for SWIR technology, which plays a crucial role in areas such as industrial inspection, quality control, and vehicle production.
Free Valuable Insights: The Global Shortwave Infrared Market is Predict to reach USD 1.24 Billion by 2031, at a CAGR of 11.5%
Based on Offering, the market is segmented into Solution and Services. Based on Imaging Type, the market is segmented into Spectral Imaging, Thermal Imaging, and Hyperspectral Imaging. Based on Technology, the market is segmented into Uncooled and Cooled. Based on Vertical, the market is segmented into Military & Defense, Industrial, Electronics & Communication, Medical & Healthcare, Food & Beverage, and Other Vertical. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Offering
By Imaging Type
By Technology
By Vertical
By Country
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