The Asia Pacific Shortwave Infrared Market is expected to 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 is expected to 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.
The China market dominated the Asia Pacific Shortwave Infrared Market by country in 2023, and is expected to 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.
List of Key Companies Profiled
- Teledyne Technologies Incorporated
- Corning Incorporated
- Leonardo SpA (Leonardo DRS, Inc.)
- Hamamatsu Photonics K.K.
- Fortive Corporation (Fluke Corporation)
- Collins Aerospace (RTX Corporation)
- Xenics NV
- Allied Vision Technologies GmbH
- IRCameras LLC (Santa Barbara Infrared)
- New Imaging Technologies (NIT)
Market Report Segmentation
By Offering- Solution
- Services
- Spectral Imaging
- Thermal Imaging
- Hyperspectral Imaging
- Uncooled
- Cooled
- Military & Defense
- Industrial
- Electronics & Communication
- Medical & Healthcare
- Food & Beverage
- Other Vertical
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific Shortwave Infrared Market by Offering
Chapter 6. Asia Pacific Shortwave Infrared Market by Imaging Type
Chapter 7. Asia Pacific Shortwave Infrared Market by Technology
Chapter 8. Asia Pacific Shortwave Infrared Market by Vertical
Chapter 9. Asia Pacific Shortwave Infrared Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Teledyne Technologies Incorporated
- Corning Incorporated
- Leonardo SpA (Leonardo DRS, Inc.)
- Hamamatsu Photonics K.K.
- Fortive Corporation (Fluke Corporation)
- Collins Aerospace (RTX Corporation)
- Xenics NV
- Allied Vision Technologies GmbH
- IRCameras LLC (Santa Barbara Infrared)
- New Imaging Technologies (NIT)
Methodology
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