The Latin America, Middle East and Africa Shortwave Infrared Market is expected to 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 is expected to 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 is expected to 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.
The Brazil market dominated the LAMEA 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 $24.9 million by 2031. The Argentina market is registering a CAGR of 14.8% during 2024-2031. Additionally, the UAE market is expected to 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.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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. LAMEA Shortwave Infrared Market by Offering
Chapter 6. LAMEA Shortwave Infrared Market by Imaging Type
Chapter 7. LAMEA Shortwave Infrared Market by Technology
Chapter 8. LAMEA Shortwave Infrared Market by Vertical
Chapter 9. LAMEA 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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