The Latin America, Middle East and Africa Shortwave Infrared Market would witness market growth of 13.3% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Shortwave Infrared Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $24.9 million by 2031. The Argentina market is registering a CAGR of 14.8% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 12.4% during (2024 - 2031).
The adoption of SWIR technology is growing rapidly, primarily driven by its advantages over other imaging techniques. Unlike visible light or long-wave infrared (LWIR). The agricultural sector’s need for sustainable farming solutions has contributed to the increased adoption of SWIR sensors for crop monitoring, precision farming, and soil health assessment.
Additionally, as the technology helps increase crop yields and reduce water wastage, adoption in this sector is set to expand further. Additionally, SWIR is increasingly used in environmental monitoring applications to detect pollutants and track ecosystem health.
The growth of the shortwave infrared market is closely linked to advancements in various industries, including electronics manufacturing and healthcare. South Africa and the UAE are making significant strides in sectors that will boost the demand for SWIR technology, especially in applications like industrial imaging, healthcare diagnostics, and security.
Free Valuable Insights: The Worldwide Shortwave Infrared Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Offering
By Imaging Type
By Technology
By Vertical
By Country
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