The North America Shortwave Infrared Market is expected to 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 is expected to 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 is expected to 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.
The US market dominated the North America 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 $312.4 million by 2031. The Canada market is experiencing a CAGR of 13% during 2024-2031. Additionally, the Mexico market is expected to 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.
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
- US
- Canada
- Mexico
- Rest of North America
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. North America Shortwave Infrared Market by Offering
Chapter 6. North America Shortwave Infrared Market by Imaging Type
Chapter 7. North America Shortwave Infrared Market by Technology
Chapter 8. North America Shortwave Infrared Market by Vertical
Chapter 9. North America 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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