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Hyperspectral imaging systems Market - Global Industry Analysis

Hyperspectral imaging systems Market By Component (Hyperspectral cameras and Accessories), By Application (Military Surveillance, Remote Sensing, Life Sciences & Medical Diagnostics, Machine Vision/Optical Sorting, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 29-Jul-2021 Category: Medical Device Report Format : PDF Pages: 150 Report Code: ZMR-766 Status : Published

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.

Description

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.

Global Hyperspectral imaging systems Market Size

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:  

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

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.

Global Hyperspectral imaging systems Market Share

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.

Global Hyperspectral imaging systems Market Regional Analysis

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

Table Of Content

  • 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)   


 

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Hyperspectral Imaging System market. Zion Research has collected and analyzed key data belong to the global Hyperspectral Imaging System market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Hyperspectral Imaging System across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Hyperspectral Imaging System industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Hyperspectral Imaging System market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Hyperspectral Imaging Systems (HIS) processes and collects information from across the electromagnetic spectrum. The objective of hyperspectral imaging is to get the spectrum for every pixel in the image of a scene, with the principle of detecting processes, identifying materials or finding objects. Hyperspectral imaging systems technology are used in a number of areas, such as environment, food and agriculture, land use, life sciences & medical diagnostics, agricultural monitoring and military surveillance, as it specifically captures spectral and spatial information. Hyperspectral imaging systems technology measures absorption of electromagnetic reflection, radiation, emission and provides an exclusive spectral signature for every pixel and it is used by processing techniques to discriminate and identify materials. 

The growth of hyperspectral imaging system market is driven by increasing adoption of the hyperspectral imaging system for life sciences & medical diagnostics, agricultural monitoring and military surveillance.Technological innovation in hyperspectral imaging is the major factor responsible for the growth of hyperspectral imaging system market. In addition, healthcare awareness and rising government support continuously responsible for the growth of hyperspectral imaging system market. Furthermore, increasing use of hyperspectral imaging technology in research and development awareness is expected to drive the growth of hyperspectral imaging system market in the forecast period. In spite of this, high cost and reimbursement issues are majorly affecting the growth of hyperspectral imaging system market. However, untapped market, increasing investment by manufacturer and support by governments are expected to generate new opportunities in forecast period for hyperspectral imaging system market.

Hyperspectral-Imaging-System-Market

Based on the component type, hyperspectral imaging system market has been classified into hyperspectral cameras and accessories. Due to low cost and increasing use of hyperspectral imaging technology hyperspectral cameras segment is dominating the market and thus is expected to boost the hyperspectral imaging system market.

Based on the application type hyperspectral imaging system market has been segmented as food and agriculture, military surveillance, remote sensing, life sciences & medical diagnostics, machine vision/optical sorting and other. Hyperspectral imaging system technology was originally developed for applications in remote sensing, but the advanced imaging was explored in another field such as agriculture, land use, life sciences & medical diagnostics, agricultural monitoring and military surveillance. Military surveillance segment dominated the market due to increasing adoption of hyperspectral imaging technology in military surveillance and this segment is projected to show significant growth in the forecast period. Hyperspectral imaging system technology is useful in military surveillance for search and rescue applications.

Based on the geography, the hyperspectral imaging system market has been segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa. North America dominated the hyperspectral imaging system market due to high demand for hyperspectral imaging system technology in military surveillance and increasing research and development activities. In Europe, the market has been dominated by U.K. due to increasing use of hyperspectral imaging technology in mining & mineralogy and military surveillance.In Asia Pacific, healthcare industry is undergoing rapid change and dynamic discoveries thus; Asia Pacific hyperspectral imaging system market is expected to generate new opportunities due to pressures driving business decisions and corporate growth

Key operating players in hyperspectral imaging system market are like ChemImage Corporation, Corning Incorporated, Spectral Imaging Ltd., Applied Spectral Imaging, Telops Inc., NorskElektroOptikk AS, BaySpec Inc., Resonon, Surface Optics Corporation, and Headwall Photonics, Inc.

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FrequentlyAsked Questions

The global Hyperspectral imaging systems Market was valued at USD 8.4 billion in 2020.

The global Hyperspectral imaging systems Market is expected to reach USD 19.8 billion by 2028, growing at a CAGR of 11.2% between 2021 to 2028.

Some of the key factors driving the global Hyperspectral imaging systems Market growth is rising employment of hyperspectral imaging system tech in R&D and emerging techs for the hyperspectral imaging system.

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.

Some of the major players of global Hyperspectral imaging systems market 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.

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