Shortwave Infrared Market Size, Share & Trends Report, 2033

The global shortwave infrared market size was estimated at USD 603.0 million in 2024 and is projected to reach USD 1,179.6 million by 2030, growing at a CAGR of 12% from 2025 to 2030. The market growth is driven by expanding applications across industries such as defense, industrial inspection, healthcare, and security.

Key Market Trends & Insights

North America dominated the shortwave infrared industry with a revenue share of over 38% in 2024.
The U.S. SWIR market is expected to grow at a CAGR of 10.1% from 2025 to 2030.
In terms of offering, The solution segment led the SWIR market in 2024, accounting for over 73% share of the global revenue.
In terms of imaging type, The thermal imaging segment accounted for the largest market revenue share in 2024.
In terms of technology, The uncooled segment accounted for the largest revenue share of the shortwave infrared industry in 2024.

Market Size & Forecast

2024 Market Size: USD 603.0 Million
2030 Projected Market Size: USD 1,179.6 Million
CAGR (2025 – 2030): 12%
North America: Largest market in 2024

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SWIR refers to the wavelength range between 1.0 and 3.0 microns, which offers unique imaging advantages due to its ability to penetrate materials and capture high-contrast images even in low-light conditions. As industries increasingly demand enhanced imaging and sensing solutions, SWIR technology is becoming essential for applications such as surveillance, agriculture, electronics inspection, and scientific research. For instance, in April 2024, Quantum Solutions, a leader in quantum dot technology, announced the launch of its Q.Eye SWIR (short-wave infrared) image sensors. These cutting-edge sensors, with an impressive spectral range of 400-1700 nm, are poised to revolutionize imaging capabilities in machine vision and robotics applications.

Offering Insights

The solution segment led the SWIR market in 2024, accounting for over 73% share of the global revenue, primarily due to the growing demand for advanced imaging and sensing technologies across multiple industries. Solutions, including SWIR cameras, sensors, and related software, are increasingly sought after for their ability to enhance visibility in challenging environments, such as fog, smoke, and low light. Additionally, advancements in SWIR technology, such as improved resolution and cost efficiency, have made these solutions more accessible. In September 2024, TriEye LTD, a pioneer in cost-effective, mass-market SWIR sensing technology, unveiled the TES200, a 1.3MP SWIR image sensor.

Technology Insights

The uncooled segment accounted for the largest revenue share of the shortwave infrared industry in 2024. Unlike cooled SWIR systems, uncooled SWIR cameras do not require cryogenic cooling, making them more affordable, energy-efficient, and easier to integrate into various applications. This technology is particularly attractive for sectors like industrial inspection, automotive, and security, where lower costs and ease of use are key factors. Additionally, advancements in uncooled sensor performance, such as improved sensitivity and durability, are enabling broader adoption in diverse fields, including agriculture and environmental monitoring.

Regional Insights

North America dominated the shortwave infrared industry with a revenue share of over 38% in 2024. The region’s strong focus on military and defense applications drives demand for SWIR systems, particularly for surveillance and reconnaissance purposes. Additionally, the burgeoning medical and healthcare sectors are increasingly adopting SWIR technology for non-invasive diagnostics and imaging solutions. Government initiatives to enhance research and development in photonics and imaging systems further bolster market growth.

Key Shortwave Infrared Companies:

The following are the leading companies in the shortwave infrared market. These companies collectively hold the largest market share and dictate industry trends.

Teledyne FLIR LLC
Corning Incorporated
Collins Aerospace
Allied Vision Technologies GmbH
Leonardo DRS
Hamamatsu Photonics K.K.
Fluke Corporation
New Imaging Technologies (NIT)
Raptor Photonics
Lynred

Global Shortwave Infrared Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global SWIR market report based on offering, imaging type, technology, vertical, and region:

Offering Outlook (Revenue, USD Million, 2017 – 2030)
- Solution
- Services
Imaging Type Outlook (Revenue, USD Million, 2017 – 2030)
- Spectral Imaging
- Thermal Imaging
- Hyperspectral Imaging
Technology Outlook (Revenue, USD Million, 2017 – 2030)
- Cooled
- Uncooled
Vertical Outlook (Revenue, USD Million, 2017 – 2030)
- Electronics and Communication
- Military and Defence
- Medical and Healthcare
- Food & Beverage
- Automotive
- Others
Regional Outlook (Revenue, USD Million, 2017 – 2030)
- North America
  - U.S.
  - Canada
  - Mexico
- Europe
  - UK
  - Germany
  - France
- Asia Pacific
  - China
  - India
  - Japan
  - Australia
  - South Korea
- Latin America
  - Brazil
- MEA
  - UAE
  - South Africa
  - KSA