According to a new report, published by KBV research, The Global Shortwave Infrared Market size is expected to reach $1.24 billion by 2031, rising at a market growth of 11.5% CAGR during the forecast period.
The Solution segment is leading the Global Shortwave Infrared Market by Offering in 2023; thereby, achieving a market value of $866.2 million by 2031. This segment’s prominence is largely attributed to the growing adoption of SWIR imaging systems, cameras, and sensors across various industries. Solutions offered within the market are renowned for delivering high-quality imaging, even in challenging low-light environments. This capability has proven invaluable in critical applications such as defense and security, where SWIR systems are utilized for surveillance, target detection, and night vision. Additionally, the industrial automation sector extensively employs SWIR solutions for quality control and defect detection, while the healthcare industry benefits from their use in diagnostic imaging and research.
The Thermal Imaging segment is anticipating a CAGR of 11.8% during (2024 - 2031). This growth can be attributed to its critical role in defense, surveillance, and industrial inspection applications, where detecting heat patterns and temperature variations with precision is essential. The technology’s ability to function in challenging conditions, including low visibility or complete darkness, has further bolstered its adoption across industries. Additionally, advancements in thermal imaging sensors and a growing focus on security and safety measures have significantly contributed to its market prominence.
The Uncooled segment is generating maximum revenue in the Global Shortwave Infrared Market by Technology in 2023, thereby, achieving a market value of $638.2 million by 2031. This dominance can be attributed to the cost-effectiveness and compact design of uncooled SWIR sensors, making them ideal for applications in industries like automotive, consumer electronics, and industrial inspection. Unlike cooled systems, uncooled sensors operate without cryogenic cooling, simplifying their design and reducing maintenance requirements. Their versatility, combined with advancements in sensor technology, has driven their widespread adoption across various sectors, further cementing their market leadership.
The Military & Defense segment is registering a CAGR of 10.6% during (2024 - 2031). This is largely driven by the increasing reliance on SWIR technology for critical applications such as surveillance, target acquisition, and reconnaissance. SWIR sensors’ ability to provide high-resolution imagery in low-light conditions and through obscurants like fog or smoke makes them indispensable for modern defense operations. Moreover, ongoing investments in advanced military technologies and heightened geopolitical tensions have further fueled the adoption of SWIR technology in this sector.
Full Report: https://www.kbvresearch.com/shortwave-infrared-market/
The North America region dominated the Global Shortwave Infrared Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $435.1 million by 2031. The Europe region is experiencing a CAGR of 11.4% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 12.4% during (2024 - 2031).
By Offering
By Imaging Type
By Technology
By Vertical
Unique Offerings 
