Short Wavelength Infra-Red (SWIR) LEDs Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 1.2 Billion by 2030, growing at a CAGR of 12% from 2024 to 2030.
During 2018-2022, the SWIR LEDs market was largely dominated by advancements in sensor technology and increasing adoption in fields like medical diagnostics and food quality inspection. The growing emphasis on non-destructive testing methods fueled the demand, making SWIR LEDs increasingly popular in the industrial sector. This was further amplified by the military and defense applications that rely on these LEDs for advanced surveillance and reconnaissance systems. The market saw a strong compound annual growth rate (CAGR) during this period, with manufacturers focusing on producing high-efficiency, compact, and durable LEDs that could withstand harsh environments.
However, as we move into 2023 to 2033, several factors will contribute to a surge in demand for SWIR LEDs. One of the key drivers will be the expanding role of SWIR LEDs in autonomous vehicle technology, where they are being used for enhanced navigation and environmental awareness. The automotive sector’s growing adoption of these LEDs will contribute substantially to market growth. Furthermore, with the increasing demand for high-quality imaging systems in consumer electronics and medical imaging, SWIR LEDs will play a crucial role in improving image clarity and resolution under low-light conditions.
With an increasing focus on environmental monitoring and climate change detection, SWIR LEDs are expected to play a vital role in sensing applications like pollution monitoring and soil analysis. Another driver of market expansion will be the surge in military applications, as SWIR LEDs offer enhanced vision systems for both day and night operations. As innovation continues, the range of SWIR LED applications will likely expand even further, making them an essential component in a broad array of industries, including space exploration and agriculture.
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The Short Wavelength Infra-Red (SWIR) LEDs market has witnessed significant growth from 2018 to 2022, driven by advancements in technology, increased demand from industries such as healthcare, defense, and telecommunications, and a steady shift toward more energy-efficient solutions. Over the past five years, the SWIR LED technology has made notable strides, with applications in spectroscopy, security systems, and industrial sensing. However, looking ahead to the next decade, the demand for SWIR LEDs is expected to soar due to emerging trends like autonomous vehicles, improved imaging systems, and an increased focus on environmental monitoring.
Ushio
Inc.
Marktech Optoelectronics
Smart Vision Lights
Marubeni Corporation
Effilux
Metaphase Technologies
Optex Group
SWIRIS
Thorlabs
Gamma Scientific
Axiom Optics
LEDinside
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Short Wavelength Infra-Red (SWIR) LEDs Market
Computer Vision/Machine Vision
Gas Detection
Give Medical Treatment
Moisture Content Detection
Based on Types the Market is categorized into Below types that held the largest Short Wavelength Infra-Red (SWIR) LEDs market share In 2023.
High Power
Low Power
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Short Wavelength Infra-Red (SWIR) LEDs Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Short Wavelength Infra-Red (SWIR) LEDs Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Short Wavelength Infra-Red (SWIR) LEDs Market, By Type
6. Global Short Wavelength Infra-Red (SWIR) LEDs Market, By Application
7. Global Short Wavelength Infra-Red (SWIR) LEDs Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Short Wavelength Infra-Red (SWIR) LEDs Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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