Tuesday 20 February 2018

Shortwave Infra-Red (SWIR) Camera Market is anticipated to grow at a CAGR of 7.1% during the forecast period of 2018-2025, Says Esticast Research and Consulting


“With the rapid development of imaging technology and optics, SWIR cameras would experience a hike in demand for various commercial as well governmental applications such as product inspection, counterfeit object detection and defense and military sector.”
North America held nearly 1/3rd share of the overall market in 2017, owing to high adoption within military and other commercial activities
The U.S. is the largest consumer of SWIR technology especially for homeland security issues which includes prevention of terroristic attacks, oil spills in the marine environment and other public disputes. In 2013, officials of the U.S. Air Force Research Laboratory at Wright-Patterson Air Force Base, Ohio, issued a broad agency announcement for the Industrial Base for Low Cost Shortwave Infrared (SWIR) Camera Cores program. Moreover, favorable initiatives taken by the U.S. government for the development of biological sciences and agriculture are motivating authorities to emphasize more on the R&D of imaging techniques, hence opening a growth pathway for the market.


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