This Hyperspectral Imaging System Market report works as an established source of information to offer a telescopic view of the current market trends, situations, opportunities and status. The report is divided into several characters which include manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors which are again detailed in the Hyperspectral Imaging System Market report as required to define the topic and provide maximum information for better decision making. In addition, this market report also gives top to bottom assessment of the market with respect to income and developing business sector.
Hyperspectral Imaging System Market by Product (Camera, Accessories), Technology (Snapshot, Push broom), Application (Military, Remote Sensing (Agriculture, Mining, Environmental), Machine Vision, Life Sciences & Medical Diagnosis) – Global Forecast to 2025 The global hyperspectral imaging systems market is projected to reach USD 30.0 billion by 2025 from USD 12.4 billion in 2020, at a CAGR of 19.3%.
In this international Hyperspectral Imaging System Market report, several aspects of the market research and analysis for the industry have been underlined. The report also endows information, statistics, facts, and figures which are very helpful for the companies to maximize or minimize the production of goods depending on the states of demand. With the competitive analysis of the major players in the market, the report lends a hand to businesses in taking better moves for improving their product and sales. As market research reports are gaining immense importance in this swiftly transforming marketplace, the Hyperspectral Imaging System Market report has been created in a way that is anticipated.
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Market growth can largely be attributed to factors such as increasing funding and investments in this field and the growing industrial applications of HSI. The untapped market opportunities in emerging markets are also expected to provide growth opportunities for players in the market. On the other hand, data storage issues and the high costs associated with HSI systems are expected to limit adoption, thereby restricting market growth during the forecast period. Attaining super-resolution in a cost-effective manner is a major challenge faced by the industry, which may hamper market growth to a certain extent.
List of Companies Profiled in the Report
Headwall Photonics, Inc. (US)
Applied Spectral Imaging, Inc. (US)
Corning Incorporated (US)
Surface Optics Corporation (US)
Norsk Elektro Optikk AS (Norway)
Resonon, Inc. (US)
Specim, Spectral Imaging Ltd. (Finland)
Telops, Inc. (Canada)
BaySpec, Inc. (US)
Cubert GmbH (Germany)
inno-spec GmbH (Germany)
XIMEA GmbH (Germany)
Brandywine Photonics (US)
Photon Etc (Canada)
Galileo Group, Inc. (US)
Hypermed Imaging, Inc. (US)
Camlin Group (Ireland)
ChemImage Corporation (US)
“The cameras segment is expected to dominate the market during the forecast period.”
On the basis of product, the hyperspectral imaging systems market is segmented into cameras and accessories. Cameras are expected to command a larger share of the hyperspectral imaging systems market, by product, in 2019. Technological advancements, the development of affordable hyperspectral imaging cameras, and the increasing adoption of hyperspectral technology for defense and industrial applications are driving the growth of the hyperspectral cameras segment.
“The life sciences and medical diagnostics segment will witness the highest growth in the hyperspectral imaging systems market.”
Based on application, the hyperspectral imaging systems market is segmented into military surveillance, remote sensing, machine vision & optical sorting, life sciences & medical diagnostics, and other applications (includes colorimetry, meteorology, thin-film manufacturing, and night vision). The military surveillance segment is estimated to account for the largest share of the hyperspectral imaging systems market in 2019, while the life sciences & medical diagnostics segment is projected to register the highest CAGR during the forecast period. This is attributed to the increasing use of hyperspectral imaging in medical diagnosis and image-guided surgery.
“North America will dominate the market during the forecast period.”
Geographically, the hyperspectral imaging systems market is segmented into North America, Europe, the Asia Pacific, and Rest of the World. In 2019, North America accounted for the largest share of the hyperspectral imaging systems market. The large share of this region can be attributed to the presence of highly developed research infrastructure, availability of technologically advanced imaging products, and growing adoption of hyperspectral imaging in military surveillance, environmental monitoring, mining, machine vision, and life sciences and diagnostics. The primary interviews conducted for this report can be categorized as follows:
By Company Type – Tier 1: 30%, Tier 2: 48%, and Tier 3: 22%
By Designation – C-level: 28%, D-level: 33%, and Others: 39%
By Region – North America: 32%, Europe: 30%, Asia Pacific: 23%, and Rest of the World: 15%
This report provides a detailed picture of the global hyperspectral imaging systems market. It aims at estimating the size and future growth potential of the market across different segments, such as product, technology, application, and region. The report also analyzes factors (such as drivers, restraints and opportunities) affecting market growth. It evaluates the opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders. The report also studies micromarkets with respect to their growth trends, prospects, and contributions to the total hyperspectral imaging systems market. The report forecasts the revenue of the market segments with respect to four major regions.
Reasons to Buy the Report:
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on hyperspectral imaging systems offered by the top 25 players in the hyperspectral imaging systems market. The report analyzes the hyperspectral imaging systems market by product, technology, application, and region.
Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various hyperspectral imaging systems across key geographic regions.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the hyperspectral imaging systems market.
Competitive Assessment: In-depth assessment of market ranking and strategies of the leading players in the hyperspectral imaging systems market.
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Table Of Contents
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered For The Study
1.3.2 Markets Covered
2 Research Methodology
2.1 Research Data
Figure 1 Research Design
2.1.1 Secondary Data
220.127.116.11 Key Data From Secondary Sources
2.1.2 Primary Data
18.104.22.168 Key Data From Primary Sources
Figure 2 Breakdown Of Primary Interviews: By Company Type, Designation, And Region
2.2 Market Size Estimation And Methodology
Figure 3 Research Methodology: Hypothesis Building
2.2.1 Primary-Based Market Estimation
Figure 4 Market Size Estimation: Top-Down Approach
2.2.2 Growth Forecast
2.3 Market Breakdown And Data Triangulation
Figure 5 Data Triangulation Methodology
2.4 Assumptions For The Study
3 Executive Summary
Figure 6 Hyperspectral Imaging Systems Market, By Product, 2020 Vs. 2025 (Usd Billion)
Figure 7 Hyperspectral Imaging Systems Market, By Technology, 2020 Vs. 2025 (Usd Billion)
Figure 8 Hyperspectral Imaging Systems Market, By Application, 2020 Vs. 2025 (Usd Billion)
Figure 9 Hyperspectral Imaging Systems Market For Remote Sensing Applications, By Type, 2020–2025 (Usd Billion)
Figure 10 Geographic Snapshot Of The Hyperspectral Imaging Systems Market
4 Premium Insights
4.1 Hyperspectral Imaging Systems Market Overview
Figure 11 Growing Industrial Applications Of Hyperspectral Imaging To Drive Market Growth During The Forecast Period
4.2 Asia Pacific: Hyperspectral Imaging Systems Market, By Application (2020)
Figure 12 Military Surveillance Is Estimated To Be The Largest Application Segment In The Hyperspectral Imaging Systems Market In 2020
4.3 Hyperspectral Imaging Systems Market For Remote Sensing Applications, By Type, 2020–2025
Figure 13 Agriculture Segment To Witness Highest Growth During The Forecast Period
4.4 Hyperspectral Imaging Systems Market: Geographic Snapshot
Figure 14 China To Register The Highest Growth During The Forecast Period
5 Market Overview
Figure 15 Hyperspectral Imaging Systems Market: Drivers, Restraints, Opportunities, And Challenges
5.1.1 Market Drivers
22.214.171.124 Increasing Funding And Investments
Table 1 Recent Funding Initiatives In The Hyperspectral Imaging Systems Market
126.96.36.199 Growing Industrial Applications Of Hyperspectral Imaging
5.1.2 Market Restraints
188.8.131.52 Data Storage Challenges And High Costs
5.1.3 Market Opportunities
184.108.40.206 Untapped Market Opportunities In Emerging Countries
5.1.4 Market Challenges
220.127.116.11 Attaining Super-Resolution In A Cost-Effective Manner
5.1.5 Covid-19 Impact
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