Short Wave IR LED Market Global Industry

Vijay Ovhal
Vijay Ovhal 5/26/2023 12:47:30 PM

Short Wave IR LED Market – Global Industry Analysis, Share,
Trends, Research & Forecast 2032

Global Short Wave IR LED Industry is expected to witness
commendable growth between 2023 and 2032, owing to recent advancements in SWIR
LED technology. Many companies in this business segment are focusing on
launching SWIR LEDs with advanced image acquisition capabilities. For instance,
in October 2022, SWIR Vision Systems Inc., a U.S.-based SWIR LED manufacturer,
announced the launch of high-resolution 2.1 Mp Acuros 1920 CQD eSWIR cameras to
cater to imaging requirements of industrial applications.

Citing another instance, in April 2023, ROHM Semiconductor,
a Japanese electronic parts manufacturer, unveiled a mass production technology
for SWIR devices in the industry's smallest range, 1608-size (1.6mm × 0.8mm)
for portable devices. These technological innovations are likely to render a
positive impact on the overall market dynamics through 2032.

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The short wave IR LED industry is divided based on spectral
range, application, end-use, and region.

Regarding the spectral range, the market size from the
850nm-950nm segment is slated to expand substantially through 2032. Short wave
IR LEDs falling within this range find extensive usage in security
applications. A noticeable rise in government investments focused on enhancing
the security infrastructure is expected to favor product uptake. As per the
August 2022 report by the International Trade Administration, the surveillance
systems industry in India stood at USD 2.5 billion. An increased emphasis on
developing smart cities will also help streamline industry growth in the coming

Based on application, SWIR LED industry share from the
imaging segment is expected to grow at more than 5% CAGR from 2023 to 2032. The
rising need for thermographic measurement and thermal imaging in glass,
ceramic, and metal industries is affecting segment growth positively. Moreover,
increasing efforts by industry players toward developing SWIR cameras with
cutting-edge capabilities such as high temperatures,
radiometric calibration, etc., may further contribute to segment expansion.

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With respect to end-use, the overall market value from the
healthcare segment is poised to reach USD 55 million by 2032. Deep tissue
penetration capability, low scattering, and high signal fidelity of short wave
IR technology make it suitable for analyzing superficial tissue composition in
biomedical imaging systems. Specifically, in fluorescence-guided surgery, the
technology has gained immense traction, given its ability to acquire
high-resolution images of subsurface structures.

Europe Short Wave IR LED industry is anticipated to garner
appreciable gains over 2023-2032, owing to the presence of numerous automotive
giants such as Volkswagen AG and BMW AG focusing on installing
advanced systems such as ADAS, and lane departure warning
systems. For instance, in November 2021, Qualcomm Technologies, Inc., a leading
technology solutions provider inked a deal with BMW to deploy its advanced
driver assistance technologies to BMW's next-generation ADAS systems.

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Vijay Ovhal
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Vijay Ovhal

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