North America Shortwave Infrared Market Size, Share & Trends Analysis Report By Offering (Solution and Services), By Imaging Type, By Technology, By Vertical, By Country and Growth Forecast, 2024 - 2031
The North America Shortwave Infrared Market would 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 would 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 would 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.
Based on Offering, the market is segmented into Solution and Services. Based on Imaging Type, the market is segmented into Spectral Imaging, Thermal Imaging, and Hyperspectral Imaging. Based on Technology, the market is segmented into Uncooled and Cooled. Based on Vertical, the market is segmented into Military & Defense, Industrial, Electronics & Communication, Medical & Healthcare, Food & Beverage, and Other Vertical. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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)
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
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Shortwave Infrared Market, by Offering
- 1.4.2 North America Shortwave Infrared Market, by Imaging Type
- 1.4.3 North America Shortwave Infrared Market, by Technology
- 1.4.4 North America Shortwave Infrared Market, by Vertical
- 1.4.5 North America Shortwave Infrared Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis – Global
- 4.1 Market Share Analysis, 2023
- 4.2 Strategies Deployed in Shortwave Infrared Market
- 4.3 Porter Five Forces Analysis
- Chapter 5. North America Shortwave Infrared Market by Offering
- 5.1 North America Solution Market by Country
- 5.2 North America Services Market by Country
- Chapter 6. North America Shortwave Infrared Market by Imaging Type
- 6.1 North America Spectral Imaging Market by Country
- 6.2 North America Thermal Imaging Market by Country
- 6.3 North America Hyperspectral Imaging Market by Country
- Chapter 7. North America Shortwave Infrared Market by Technology
- 7.1 North America Uncooled Market by Country
- 7.2 North America Cooled Market by Country
- Chapter 8. North America Shortwave Infrared Market by Vertical
- 8.1 North America Military & Defense Market by Country
- 8.2 North America Industrial Market by Country
- 8.3 North America Electronics & Communication Market by Country
- 8.4 North America Medical & Healthcare Market by Country
- 8.5 North America Food & Beverage Market by Country
- 8.6 North America Other Vertical Market by Country
- Chapter 9. North America Shortwave Infrared Market by Country
- 9.1 US Shortwave Infrared Market
- 9.1.1 US Shortwave Infrared Market by Offering
- 9.1.2 US Shortwave Infrared Market by Imaging Type
- 9.1.3 US Shortwave Infrared Market by Technology
- 9.1.4 US Shortwave Infrared Market by Vertical
- 9.2 Canada Shortwave Infrared Market
- 9.2.1 Canada Shortwave Infrared Market by Offering
- 9.2.2 Canada Shortwave Infrared Market by Imaging Type
- 9.2.3 Canada Shortwave Infrared Market by Technology
- 9.2.4 Canada Shortwave Infrared Market by Vertical
- 9.3 Mexico Shortwave Infrared Market
- 9.3.1 Mexico Shortwave Infrared Market by Offering
- 9.3.2 Mexico Shortwave Infrared Market by Imaging Type
- 9.3.3 Mexico Shortwave Infrared Market by Technology
- 9.3.4 Mexico Shortwave Infrared Market by Vertical
- 9.4 Rest of North America Shortwave Infrared Market
- 9.4.1 Rest of North America Shortwave Infrared Market by Offering
- 9.4.2 Rest of North America Shortwave Infrared Market by Imaging Type
- 9.4.3 Rest of North America Shortwave Infrared Market by Technology
- 9.4.4 Rest of North America Shortwave Infrared Market by Vertical
- Chapter 10. Company Profiles
- 10.1 Teledyne Technologies Incorporated
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental and Regional Analysis
- 10.1.4 Research & Development Expenses
- 10.1.5 Recent strategies and developments:
- 10.1.5.1 Partnerships, Collaborations, and Agreements:
- 10.2 Corning Incorporated
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Segmental and Regional Analysis
- 10.2.4 Research & Development Expenses
- 10.2.5 SWOT Analysis
- 10.3 Leonardo SpA (Leonardo DRS, Inc.)
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental and Regional Analysis
- 10.3.4 Research & Development Expenses
- 10.3.5 Recent strategies and developments:
- 10.3.5.1 Partnerships, Collaborations, and Agreements:
- 10.3.5.2 Product Launches and Product Expansions:
- 10.3.6 SWOT Analysis
- 10.4 Hamamatsu Photonics K.K.
- 10.4.1 Company Overview
- 10.4.2 Financial Analysis
- 10.4.3 Segmental Analysis
- 10.4.4 Research & Development Expense
- 10.4.5 Recent strategies and developments:
- 10.4.5.1 Acquisition and Mergers:
- 10.4.6 SWOT Analysis
- 10.5 Fortive Corporation (Fluke Corporation)
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Segmental and Regional Analysis
- 10.5.4 Research & Development Expense
- 10.5.5 SWOT Analysis
- 10.6 Collins Aerospace (RTX Corporation)
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Segmental and Regional Analysis
- 10.6.4 Research & Development Expenses
- 10.6.5 SWOT Analysis
- 10.7 Xenics NV
- 10.7.1 Company Overview
- 10.7.2 Recent strategies and developments:
- 10.7.2.1 Product Launches and Product Expansions:
- 10.8 Allied Vision Technologies GmbH
- 10.8.1 Company Overview
- 10.9 IRCameras LLC (Santa Barbara Infrared)
- 10.9.1 Company Overview
- 10.10. New Imaging Technologies (NIT)
- 10.10.1 Company Overview
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