SWIR Market Report 2025

This SWIR market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The swir market size has grown strongly in recent years. It will grow from $2.38 billion in 2024 to $2.58 billion in 2025 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to rising investments in the military and defense sector, increasing adoption of SWIR technology for semiconductor inspection, expanding applications of SWIR technology in diverse industries such as surveillance, agriculture, and medical imaging, increasing penetration of SWIR technology in the commercial, industrial, and automotive sectors, rising demand for SWIR cameras in the food and beverage industries.

The swir market size is expected to see strong growth in the next few years. It will grow to $3.58 billion in 2029 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to the increasing adoption of SWIR cameras in the oil and gas, glass, and medical industries, increasing use of SWIR cameras for craft inspection, spectrometry, and astronomy, growing need for SWIR cameras in ergonomics and psychology research, expanding applications of SWIR cameras in-vehicle navigation, especially in adverse conditions such as fog, snow, or dust, increasing adoption of SWIR cameras by governments. Major trends in the forecast period include the integration of SWIR technology into night vision systems, research and development initiatives, adoption of SWIR cameras in process industries, use of SWIR cameras for driver vision augmentation, and advancements in image sensors.

The anticipated growth in military and defense investments is set to drive expansion within the SWIR market. This sector encompasses the development, manufacturing, and provision of military equipment, technologies, and services aimed at national defense and security. The upsurge in military and defense industries is fueled by rising geopolitical tensions, advancements in technology, and the increasing necessity for national security and defense modernization efforts. These investments propel the adoption of SWIR technology, particularly in imaging, to enhance capabilities in surveillance, reconnaissance, and target identification. For example, a report from the Stockholm International Peace Research Institute in April 2023 revealed that global military spending surged to a record $2.24 trillion in 2022, with a notable 13% increase in military expenditure across Europe. This underscores the pivotal role of increased defense investments in driving growth in the SWIR market.

Key players in the SWIR market are focusing on innovative technologies such as SWIR cameras to maintain competitive advantages. These compact industrial and advanced scientific cameras utilize InGaAs sensor technology to capture images in the short-wave infrared spectrum, typically ranging from 900 nm to 1,700 nm. For instance, in November 2022, Allied Vision Technologies GmbH launched the Goldeye series, featuring SWIR cameras equipped with dual-stage sensors, cooling systems, and advanced image correction capabilities. These cameras enable detection in wavelengths from 1.9 to 2.2 micrometers, making them versatile for applications such as laser beam profiling, material composition analysis, and contamination detection.

In April 2022, Toshiba Teli partnered with TriEye to commercialize a high-definition CMOS-based SWIR camera for industrial use. This collaboration aims to advance SWIR technology globally, enhancing machine vision capabilities across various industries. TriEye, based in Israel, specializes in developing CMOS-based SWIR sensing solutions tailored for mass-market applications, further demonstrating the strategic advancements within the SWIR technology sector.

Major companies operating in the swir market are BAE Systems, Thales Group, Raptor Photonics Ltd., Leonardo DRS Inc., Hamamatsu Corp., Jenoptik AG, FLIR Systems Inc., Gooch & Housego Plc, Teledyne DALSA Inc., Sofradir, Lynred, Xenics NV, Sensors Unlimited Inc., InView Technology Corporation, IRCameras LLC, Episensors Inc., Allied Vision, Sierra-Olympic Technologies Inc., Irnova AB, New Imaging Technologies, Photon Etc Inc., Princeton Infrared Technologies Inc., SWIR Vision Systems Inc., QmagiQ LLC.

North America was the largest region in the SWIR market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the swir market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the swir market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Short-wave infrared (SWIR) refers to a specific segment of the infrared spectrum ranging from approximately 1,000 nanometers (nm) to 3,000 nm in wavelength. SWIR imaging finds application in various fields such as industrial inspection, surveillance, and scientific research. It is valued for its ability to penetrate materials such as smoke, haze, and certain fabrics, providing detailed images that are not visible in the visible light spectrum.

The primary types of SWIR imaging include area scan and line scan. Area scan involves capturing an entire image at once, making it suitable for stationary objects or scenes. It utilizes both cooled and uncooled technologies and serves multiple industries such as electronics, aerospace, food and beverage, automotive, medical and healthcare, military and defense, among others.

The SWIR market research report is one of a series of new reports that provides SWIR market statistics, including SWIR industry global market size, regional shares, competitors with a SWIR market share, detailed SWIR market segments, market trends and opportunities, and any further data you may need to thrive in the SWIR industry. This SWIR market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The SWIR market consists of revenues earned by entities by providing services such as custom optics design, remote sensing, industrial inspection, and medical imaging. The market value includes the value of related goods sold by the service provider or included within the service offering. The SWIR market also includes sales of SWIR cameras, SWIR sensors, SWIR lenses, and SWIR spectrometers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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