Shortwave Infrared Light Source Market size was valued at USD 1.2 Billion in 2024 and is forecasted to grow at a CAGR of 9.2% from 2026 to 2033, reaching USD 2.5 Billion by 2033.
The global Shortwave Infrared (SWIR) Light Source Market was valued at approximately USD 1.2 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.5% from 2023 to 2030. The rising demand for SWIR light sources across various sectors, including industrial, defense, and medical applications, is driving market growth. The growing need for advanced imaging systems, particularly for applications in surveillance, security, and quality inspection, is expected to significantly contribute to the market expansion. Additionally, the increasing adoption of SWIR technology in environmental monitoring and chemical analysis is anticipated to further fuel the demand for these light sources during the forecast period. Regionally, North America accounted for the largest market share in 2022, holding a value of approximately USD 400 million. This dominance can be attributed to the advanced technology infrastructure, robust industrial sectors, and significant defense expenditure in the region. Europe follows closely, with a market size valued at around USD 350 million in 2022. The demand in Europe is driven by the growing application of SWIR in defense, aerospace, and environmental sectors. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, with a projected CAGR of 9.2%, owing to the increasing industrialization and rising adoption of advanced imaging technologies in countries like China, India, and Japan. The Middle East and Africa are also expected to see steady growth in the adoption of SWIR light sources due to their application in surveillance and defense sectors.
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Hamamatsu
DOWA Electronics Materials
ROHM
Myutron
Dongguan LOTS Automation Technology Co.
Lt d
VS Technology
Shanghai Weilang Photoelectric Technology Co.
Ltd.
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. 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 Shortwave Infrared Light Source Market
LED
Laser Diode
Superluminent Diode (SLD)
Industrial Sensing
Food & Agriculture
Medical & Healthcare
Environmental Monitoring
Others
Manufacturing
Aerospace & Defense
Automotive
Pharmaceutical
Consumer Electronics
Shortwave Infrared (SWIR) 0.9–1.7 µm
Mid-Wave Infrared (MWIR) 1.7–3.0 µm
Solid-State Light Sources
Gas-Excited Light Sources
Fiber-Optic Light Sources
US (United States, US 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 Shortwave Infrared Light Source 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 Shortwave Infrared Light Source Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Shortwave Infrared Light Source Market, By Type
6. Global Shortwave Infrared Light Source Market, By Application
7. Global Shortwave Infrared Light Source Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Shortwave Infrared Light Source Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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