The energy harvesting system (EHS) is the process by which energy is acquired from the external sources such as solar power, thermal energy, wind energy, electromagnetic energy, and kinetic energy and then captured and accumulated for small wireless devices. The energy harvesting system (EHS) primarily consists of energy converting transducers to capture energy from natural sources and from various sources that are viewed as wasted or otherwise unusable practically. A variety of sensors, transceivers, microcontrollers are used to convert natural as well as wasted energy into electrical voltage and currents that can be then stored and conditioned for several low-power applications such as portable medical equipment, consumer electronics, and wearable electronics."

Visionary leaders are the leading market players in terms of product portfolio, geographic reach, innovative technologies, and adoption of growth strategies. The SWIR market is moderately dominated by the players covering a major share of the market. These players have a broad product portfolio that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and well-established brand equity.

Dynamic differentiators are established vendors with very strong business strategies. However, they have a limited product portfolio compared to visionary leaders. They focus on a specific type of technology related to the product.

Innovators demonstrate substantial product innovations compared to their competitors. They may have a strong product portfolio; however, they have limited growth strategies for their overall business.

Emerging companies have niche product offerings and are starting to gain their position in the market. They have limited business strategies compared to the other established vendors.