Hyperspectral imaging systems Market - Global Industry Analysis

Market Overview     

The global Hyperspectral imaging systems market accounted for USD 8.4 Billion in 2020 and is expected to reach USD 19.8 Billion by 2028, growing at a CAGR of around 11.2% between 2021 and 2028.       

Hyperspectral imaging systems is also known as imaging spectroscopy device. Such devices are used in a number of applications such as in healthcare, research & development activities, food sector, and defense sector. In addition to this, it is rapidly being used in other sectors, such as night vision, remote sensing, and calorimetric.  It differs from multispectral imaging based on quality of image and provides greater sensitivity than multispectral or conventional imaging. It is a combination of spectroscopy and imaging techniques to get the spatial as well as spectral information of an object.

It is also referred as an imaging spectroscopy or imaging spectrometry that gives details about physical as well as geometrical features of products such as size, appearance, shape, and color, coupled with the chemical composition of the product through spectral analysis.

COVID-19 Impact Analysis  

The global Hyperspectral imaging systems market is expected to witness a slight growth in the sales during the pandemic. The market is projected to grow as the Hyperspectral imaging systems technology can be an excellent tool for analyzing COVID-19 rashes. For instance, hyperspectral imaging technology provider HinaLea Imaging (Emeryville, CA) has integrated into a research program that is projected to investigate the prognostic value of skin findings related with COVID-19 infection, using the company's advanced hyperspectral imaging system. The significant growth in the global Hyperspectral imaging systems market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.

Growth Factors

The major factor accountable for the development of hyperspectral imaging system market is rising employment of hyperspectral imaging system tech in R&D. For example, in January 2018, developments in hyperspectral imaging were employed to find out the borders for different tumors that are present in the body. Employing different imaging methods, healthy tissues were been separated from the cancerous tissues. This assisted in better treatment and diagnosis, thereby boosting the global hyperspectral imaging system market.

Hyperspectral imaging tech is now being employed in research and industry to determine moisture, temperatures, sugar content, chemical compositions, and fat in the food sector as well for a series of applications in defense, biology, pharmaceuticals, forensics, and industrial inspection, thereby boosting the hyperspectral imaging system market. Apart from this, emerging techs for the hyperspectral imaging system is majorly adding to the development of hyperspectral imaging system market.

On the flip side, reimbursement issues and high cost are primarily impacting the development of hyperspectral imaging system market. Nevertheless, increasing investment by the players and untapped market are likely to create new avenues for hyperspectral imaging system market in the years to come.

Report Scope:  

Segment Analysis Preview  

Hyperspectral imaging system market has been divided on the basis of component type into hyperspectral accessories and cameras. In 2020, hyperspectral cameras section had a sturdy hold on hyperspectral imaging system market with biggest market share and this is owing to rising requirement for hyperspectral imaging system tech in R&D in areas like defense, biology, pharmaceuticals, forensics, and industrial inspection.

Regional Analysis Preview  

Based on the area, the hyperspectral imaging system market has been divided into Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa. North America ruled the hyperspectral imaging system market with over 50% share in 2020 owing to the high acceptance of hyperspectral imaging systems in research. In addition, development in research expenditure was also responsible for the development of hyperspectral imaging system market. The Asia Pacific area is likely to develop at the uppermost CAGR for the hyperspectral imaging system market in the years to come.

Key Market Players & Competitive Landscape

Some of the major players of the global hyperspectral imaging systems market include Resonon, Headwall Photonics, Inc., Telops, Corning Incorporated, Applied Spectral Imaging, NorskElektroOptikk AS, Surface Optics Corporation, BaySpec Inc., Spectral Imaging Ltd., SPECIM, and ChemImage Corporation among others.

The global Hyperspectral imaging systems Market is segmented as follows:

By Components

• Hyperspectral cameras
• Accessories

By Applications

• Military Surveillance
• Remote Sensing
• Life Sciences & Medical Diagnostics
• Machine Vision/Optical Sorting
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

• Chapter No. 1 Introduction
  • 1.1. Report Description
    • 1.1.1. Purpose of the Report
    • 1.1.2. USP & Key Offerings
  • 1.2. Key Benefits for Stakehulders
  • 1.3. Target Audience
  • 1.4. Report Scope
• Chapter No. 2 Executive Summary
  • 2.1. Key Findings
    • 2.1.1. Top Investment Pockets
      • 2.1.1.1. Market Attractiveness Analysis, By Component
      • 2.1.1.2. Market Attractiveness Analysis, By Application
      • 2.1.1.3. Market Attractiveness Analysis, By Region
  • 2.2. Market Snapshot
  • 2.3. Global Hyperspectral imaging systems Market, 2016 – 2028 (USD Billion)
  • 2.4. Insights from Primary Respondents
• Chapter No. 3 COVID 19 Impact Analysis
  • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
    • 3.1.1. North America
    • 3.1.2. Europe
    • 3.1.3. Asia Pacific
    • 3.1.4. Latin America
    • 3.1.5. The Middle-East and Africa
  • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
  • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
  • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
  • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
    • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
  • 3.6. Short Term Dynamics
  • 3.7. Long Term Dynamics
• Chapter No. 4 Hyperspectral imaging systems Market – Component Segment Analysis
  • 4.1. Overview
    • 4.1.1. Market Revenue Share, By Component, 2020 & 2028
  • 4.2. Hyperspectral cameras
    • 4.2.1. Market Size and Forecast, By Region (USD Billion)
    • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 4.3. Accessories
    • 4.3.1. Market Size and Forecast, By Region (USD Billion)
    • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
• Chapter No. 5 Hyperspectral imaging systems Market – Application Segment Analysis
  • 5.1. Overview
    • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
  • 5.2. Military Surveillance
    • 5.2.1. Market Size and Forecast, By Region (USD Billion)
    • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.3. Remote Sensing
    • 5.3.1. Market Size and Forecast, By Region (USD Billion)
    • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.4. Life Sciences & Medical Diagnostics
    • 5.4.1. Market Size and Forecast, By Region (USD Billion)
    • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.5. Machine Vision/Optical Sorting
    • 5.5.1. Market Size and Forecast, By Region (USD Billion)
    • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
  • 5.6. Others
    • 5.6.1. Market Size and Forecast, By Region (USD Billion)
    • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
    • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
    • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
  • 6.2. North America
    • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
    • 6.2.2. North America Market Revenue, By Component, 2016 – 2028
    • 6.2.3. North America Market Revenue, By Application, 2016 – 2028
    • 6.2.5. U.S.
      • 6.2.5.1. U.S. Market Revenue, By Component, 2016 – 2028
      • 6.2.5.2. U.S. Market Revenue, By Application, 2016 – 2028
    • 6.2.6. Canada
      • 6.2.6.1. Canada Market Revenue, By Component, 2016 – 2028
      • 6.2.6.2. Canada Market Revenue, By Application, 2016 – 2028
    • 6.2.7. Mexico
      • 6.2.7.1. Mexico Market Revenue, By Component, 2016 – 2028
      • 6.2.7.2. Mexico Market Revenue, By Application, 2016 – 2028
  • 6.3. Europe
    • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
    • 6.3.2. Europe Market Revenue, By Component, 2016 – 2028
    • 6.3.3. Europe Market Revenue, By Application, 2016 – 2028
    • 6.3.5. Germany
      • 6.3.5.1. Germany Market Revenue, By Component, 2016 – 2028
      • 6.3.5.2. Germany Market Revenue, By Application, 2016 – 2028
    • 6.3.6. France
      • 6.3.6.1. France Market Revenue, By Component, 2016 – 2028
      • 6.3.6.2. France Market Revenue, By Application, 2016 – 2028
    • 6.3.7. U.K.
      • 6.3.7.1. U.K. Market Revenue, By Component, 2016 – 2028
      • 6.3.7.2. U.K. Market Revenue, By Application, 2016 – 2028
    • 6.3.8. Italy
      • 6.3.8.1. Italy Market Revenue, By Component, 2016 – 2028
      • 6.3.8.2. Italy Market Revenue, By Application, 2016 – 2028
    • 6.3.9. Spain
      • 6.3.9.1. Spain Market Revenue, By Component, 2016 – 2028
      • 6.3.9.2. Spain Market Revenue, By Application, 2016 – 2028
    • 6.3.10. Rest of Europe
      • 6.3.10.1. Rest of Europe Market Revenue, By Component, 2016 – 2028
      • 6.3.10.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
  • 6.4. Asia Pacific
    • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
    • 6.4.2. Asia Pacific Market Revenue, By Component, 2016 – 2028
    • 6.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 6.4.5. China
      • 6.4.5.1. China Market Revenue, By Component, 2016 – 2028
      • 6.4.5.2. China Market Revenue, By Application, 2016 – 2028
    • 6.4.6. Japan
      • 6.4.6.1. Japan Market Revenue, By Component, 2016 – 2028
      • 6.4.6.2. Japan Market Revenue, By Application, 2016 – 2028
    • 6.4.7. India
      • 6.4.7.1. India Market Revenue, By Component, 2016 – 2028
      • 6.4.7.2. India Market Revenue, By Application, 2016 – 2028
    • 6.4.8. South Korea
      • 6.4.8.1. South Korea Market Revenue, By Component, 2016 – 2028
      • 6.4.8.2. South Korea Market Revenue, By Application, 2016 – 2028
    • 6.4.9. South-East Asia
      • 6.4.9.1. South-East Asia Market Revenue, By Component, 2016 – 2028
      • 6.4.9.2. South-East Asia Market Revenue, By Application, 2016 – 2028
    • 6.4.10. Rest of Asia Pacific
      • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Component, 2016 – 2028
      • 6.4.10.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
  • 6.5. Latin America
    • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
    • 6.5.2. Latin America Market Revenue, By Component, 2016 – 2028
    • 6.5.3. Latin America Market Revenue, By Application, 2016 – 2028
    • 6.5.5. Brazil
      • 6.5.5.1. Brazil Market Revenue, By Component, 2016 – 2028
      • 6.5.5.2. Brazil Market Revenue, By Application, 2016 – 2028
    • 6.5.6. Argentina
      • 6.5.6.1. Argentina Market Revenue, By Component, 2016 – 2028
      • 6.5.6.2. Argentina Market Revenue, By Application, 2016 – 2028
    • 6.5.7. Rest of Latin America
      • 6.5.7.1. Rest of Latin America Market Revenue, By Component, 2016 – 2028
      • 6.5.7.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
  • 6.6. The Middle-East and Africa
    • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
    • 6.6.2. The Middle-East and Africa Market Revenue, By Component, 2016 – 2028
    • 6.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
    • 6.6.5. GCC Countries
      • 6.6.5.1. GCC Countries Market Revenue, By Component, 2016 – 2028
      • 6.6.5.2. GCC Countries Market Revenue, By Application, 2016 – 2028
    • 6.6.6. South Africa
      • 6.6.6.1. South Africa Market Revenue, By Component, 2016 – 2028
      • 6.6.6.2. South Africa Market Revenue, By Application, 2016 – 2028
    • 6.6.7. Rest of Middle-East Africa
      • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Component, 2016 – 2028
      • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
• Chapter No. 7: Hyperspectral imaging systems Market – Industry Analysis
  • 7.1. Introduction
  • 7.2. Market Drivers
    • 7.2.1. Driving Factor 1 Analysis
    • 7.2.2. Driving Factor 2 Analysis
  • 7.3. Market Restraints
    • 7.3.1. Restraining Factor Analysis
  • 7.4. Market Opportunities
    • 7.4.1. Market Opportunity Analysis
  • 7.5. Porter’s Five Forces Analysis
  • 7.6. PEST Analysis
  • 7.7. Regulatory Landscape
  • 7.8. Technology Landscape
  • 7.9. Regional Market Trends
    • 7.9.1. North America
    • 7.9.2. Europe
    • 7.9.3. Asia Pacific
    • 7.9.4. Latin America
    • 7.9.5. The Middle-East and Africa
  • 7.10. Pricing Analysis
  • 7.11. Value Chain Analysis
  • 7.12. Downstream Buyers
  • 7.13. Distributors/Traders List
• Chapter No. 8: Competitive Landscape
  • 8.1. Company Market Share Analysis – 2019
    • 8.1.1. Global Hyperspectral imaging systems Market: Company Market Share, 2019
    • 8.1.2. Global Hyperspectral imaging systems Market, Company Market Revenue, 2016 – 2019 (USD Billion)
    • 8.1.3. Global Hyperspectral imaging systems Market, Company Y-o-Y Growth, 2017 – 2019 (%)
    • 8.1.4. Global Hyperspectral imaging systems Market: Radar Determinant Chart, 2019
  • 8.2. Strategic Developments
    • 8.2.1. Acquisitions & Mergers
    • 8.2.2. New Component Launch
    • 8.2.3. Regional Expansion
  • 8.3. Company Strategic Developments – Heat Map Analysis
• Chapter No. 9: Company Profiles
  • 9.1. Resonon
    • 9.1.1. Company Overview
    • 9.1.2. Key Executives
    • 9.1.3. Component Portfolio
    • 9.1.4. Financial Overview
    • 9.1.5. Operating Business Segments
    • 9.1.6. Business Performance
    • 9.1.7. Recent Developments
  • 9.2. Headwall Photonics, Inc.
  • 9.3. Telops
  • 9.4. Corning Incorporated
  • 9.5. Applied Spectral Imaging
  • 9.6. NorskElektroOptikk AS
  • 9.7. Surface Optics Corporation
  • 9.8. BaySpec Inc.
  • 9.9. Spectral Imaging Ltd.
  • 9.10. SPECIM
  • 9.11 ChemImage Corporation
• Chapter No. 10: Marketing Strategy Analysis
  • 10.1. Marketing Channel
  • 10.2. Direct Marketing
  • 10.3. Indirect Marketing
  • 10.4. Marketing Channel Development Trends
  • 10.5. Economic/Pulitical Environmental Change
• Chapter No. 11: Research Methodology
  • 11.1. Research Methodology
  • 11.2. Phase I - Secondary Research
  • 11.3. Phase II - Data Modeling
    • 11.3.1. Company Share Analysis Model
    • 11.3.2. Revenue Based Modeling
  • 11.4. Phase III - Primary Research
  • 11.5. Research Limitations
    • 11.5.1. Assumptions

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Component
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Hyperspectral imaging systems Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Component, 2020 & 2028 
FIG NO. 7. Global Hyperspectral imaging systems Market for Hyperspectral cameras, Revenue (USD Billion) 2016 – 2028  
FIG NO. 8. Comparative Revenue Analysis of Hyperspectral imaging systems Market for Hyperspectral cameras, By Country, 2020 & 2028
FIG NO. 9. Global Hyperspectral imaging systems Market for Accessories, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Hyperspectral imaging systems Market for Accessories, By Country, 2020 & 2028
FIG NO. 11. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 12. Global Hyperspectral imaging systems Market for Military Surveillance, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Hyperspectral imaging systems Market for Military Surveillance, By Country, 2020 & 2028 
FIG NO. 14. Global Hyperspectral imaging systems Market for Remote Sensing, Revenue (USD Billion) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Hyperspectral imaging systems Market for Remote Sensing, By Country, 2020 & 2028
FIG NO. 16. Global Hyperspectral imaging systems Market for Life Sciences & Medical Diagnostics, Revenue (USD Billion) 2016 – 2028 
FIG NO. 17. Comparative Revenue Analysis of Hyperspectral imaging systems Market for Life Sciences & Medical Diagnostics, By Country, 2020 & 2028
FIG NO. 18. Global Hyperspectral imaging systems Market for Machine Vision/Optical Sorting, Revenue (USD Billion) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Hyperspectral imaging systems Market for Machine Vision/Optical Sorting, By Country, 2020 & 2028
FIG NO. 20. Global Hyperspectral imaging systems Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Hyperspectral imaging systems Market for Others, By Country, 2020 & 2028
FIG NO. 22. Global Hyperspectral imaging systems Market Revenue Share, By Region, 2020 & 2028
FIG NO. 23. North America Hyperspectral imaging systems Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 24. Porter’s Five Forces Analysis for Global Hyperspectral imaging systems Market
FIG NO. 25. PEST Analysis for Global Hyperspectral imaging systems Market
FIG NO. 26. Pricing Analysis for Global Hyperspectral imaging systems Market
FIG NO. 27. Value Chain Analysis for Global Hyperspectral imaging systems Market
FIG NO. 28. Company Share Analysis, 2019
FIG NO. 29. Radar Determinant Chart, 2019
FIG NO. 30. Company Strategic Developments – Heat Map Analysis
FIG NO. 31. Resonon Business Segment Revenue Share, 2020 (%)
FIG NO. 32. Resonon Geographical Segment Revenue Share, 2020 (%)
FIG NO. 33. Market Channels
FIG NO. 34. Marketing Channel Development Trend
FIG NO. 35. Growth in World Gross Component, 2008-2018
FIG NO. 36. Research Methodology – Detailed View
FIG NO. 37. Research Methodology
 

List of Tables 

TABLE NO. 1. Global Hyperspectral imaging systems Market: Snapshot
TABLE NO. 2. Quarterly Hyperspectral imaging systems Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Hyperspectral imaging systems Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion) 
TABLE NO. 6. Global Hyperspectral imaging systems Market for Hyperspectral cameras, by Region, 2016 – 2028 (USD Billion) 
TABLE NO. 7. Global Hyperspectral imaging systems Market for Accessories, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Hyperspectral imaging systems Market for Military Surveillance, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9 Global Hyperspectral imaging systems Market for Remote Sensing, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Hyperspectral imaging systems Market for Life Sciences & Medical Diagnostics, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Hyperspectral imaging systems Market for Machine Vision/Optical Sorting, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Hyperspectral imaging systems Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Hyperspectral imaging systems Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. North America Hyperspectral imaging systems Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 15. North America Hyperspectral imaging systems Market Revenue, By Component, 2016 – 2028 (USD Billion)
TABLE NO. 16. North America Hyperspectral imaging systems Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 17. U.S. Hyperspectral imaging systems Market Revenue, By Component, 2016 – 2028 (USD Billion)
TABLE NO. 18. U.S. Hyperspectral imaging systems Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 19. Canada Hyperspectral imaging systems Market Revenue, By Component, 2016 – 2028 (USD Billion)
TABLE NO. 20. Canada Hyperspectral imaging systems Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 21. Mexico Hyperspectral imaging systems Market Revenue, By Component, 2016 – 2028 (USD Billion)
TABLE NO. 22. Mexico Hyperspectral imaging systems Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 23. Drivers for the Hyperspectral imaging systems Market: Impact Analysis
TABLE NO. 24. Restraints for the Hyperspectral imaging systems Market: Impact Analysis
TABLE NO. 25. Major Buyers of Hyperspectral imaging systems  
TABLE NO. 26. Distributors/Traders List of Hyperspectral imaging systems
TABLE NO. 27. Global Hyperspectral imaging systems Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 28: Global Hyperspectral imaging systems Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)