The North America Shortwave Infrared Market would witness market growth of 10.8% CAGR during the forecast period (2024-2031).
The US market dominated the North America Shortwave Infrared Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $312.4 million by 2031. The Canada market is experiencing a CAGR of 13% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 12.2% during (2024 - 2031).
The shortwave infrared market is witnessing significant growth, driven by the increasing demand for high-performance imaging and sensing technologies in various industries. Shortwave infrared, typically referring to electromagnetic radiation with wavelengths between 1.0 to 3.0 microns, lies between the visible and mid-wave infrared (MWIR) regions of the electromagnetic spectrum.
Additionally, SWIR imaging technology has gained attention due to its ability to penetrate through fog, smoke, and dust. It offers clear images in low-light conditions and enables better detection of objects or substances that are otherwise undetectable by visible light.
The growth and investment in key industries in Canada and Mexico, particularly in aerospace and food processing, are creating fertile ground for advancing high-tech solutions such as Shortwave Infrared (SWIR) technology. In Canada, the Aerospace Regional Recovery Initiative (ARRI) is driving growth in the aerospace sector, while in Mexico, the food processing industry continues to thrive with impressive growth rates.
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
By Offering
By Imaging Type
By Technology
By Vertical
By Country
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