Global Hyperspectral Imaging System Market will reach USD 11.34 Billion by 2022: Zion Market Research

According to the report, the global hyperspectral imaging system market accounted for around USD 6.51 billion in 2016 and is expected to reach approximately USD 11.34 billion by 2022, growing at a CAGR of around 10.9% between 2017 and 2022.

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Sarasota, FL, Jan. 25, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Hyperspectral Imaging System Market by Component type (Hyperspectral Cameras and Accessories) and by Application type (Military Surveillance, Remote Sensing, Life Sciences & Medical Diagnostics, Machine Vision/Optical Sorting and Other) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 – 2022”. According to the report, the global hyperspectral imaging system market accounted for around USD 6.51 billion in 2016 and is expected to reach approximately USD 11.34 billion by 2022, growing at a CAGR of around 10.9% between 2017 and 2022.

Hyperspectral imaging technology is a combination of spectroscopy and imaging techniques to acquire the spectral and spatial information of an object. Hyperspectral imaging, also called imaging spectrometry or imaging spectroscopy, provides physical and geometrical features of products such as size, shape, appearance, and color, along with the chemical composition of the product through spectral analysis.

Browse through 29 Market Tables and 31 Figures spread through 110 Pages and in-depth TOC on “Global Hyperspectral Imaging System Market: By Component, Type, Application, Size, Share, Trends, Analysis, Segment and Forecast 2016 – 2022”.

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The major factor responsible for the growth of hyperspectral imaging system market is increasing use of hyperspectral imaging system technology in research. Hyperspectral imaging technology is now being used in industry and research to determine temperatures, moisture, chemical compositions, sugar content and fat in the food industry as well for a range of applications in biology, defense, forensics, pharmaceuticals and industrial inspection. In addition, emerging technologies for the hyperspectral imaging system is largely contributing to the growth hyperspectral imaging system market. On the other hand, high cost and reimbursement issues are majorly affecting the growth of hyperspectral imaging system market. However, untapped market and increasing investment by the manufacturer are expected to generate new opportunities in forecast period for hyperspectral imaging system market.

Based on the component type, hyperspectral imaging system market has been classified into hyperspectral cameras and accessories. In 2015, hyperspectral cameras segment had a strong hold on market with largest market share and this is due to increase demand for hyperspectral imaging system technology in research areas such as biology, defense, forensics, pharmaceuticals and industrial inspection. Thus in coming years, hyperspectral cameras segment is projected to grow at Based on the application type hyperspectral imaging system market has been segmented as military surveillance, remote sensing, life sciences & medical diagnostics, machine vision/optical sorting and others.With highest market share, military surveillance segment dominated the market in 2016 and is expected to grow at the fastest market growth rate in the forecast period.

Browse the full "Hyperspectral Imaging System Market by Component type (Hyperspectral Cameras and Accessories) and by Application type (Military Surveillance, Remote Sensing, Life Sciences & Medical Diagnostics, Machine Vision/Optical Sorting and Other) - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2016 - 2022" report at https://www.zionmarketresearch.com/report/hyperspectral-imaging-system-market

North America is expected to generate the highest amount of revenue in the global level and to account for around 45% of the overall market share by the end of 2022.In North America, the U.S. was leading segment with the highest rate and in forecast period it is expected to show noticeable growth with emerging technologies in the hyperspectral imaging system.

Europe hyperspectral imaging system market is growing at a very healthy rate and it is expected to show dominance in coming years. As a result of technological advancements, Europe is expected to generate new opportunities in hyperspectral imaging system market.

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Asia Pacific is an emerging segment in hyperspectral imaging system market and it is expected to grow at the highest rate in the forecast period. In Asia Pacific, India and China are leading countries in hyperspectral imaging system market, and both are expected to grow at the healthy rate in the forecast period.

Rapidly increasing health care infrastructure is a major attributing factor for the growth in hyperspectral imaging system market in Latin America and Middle East & Africa. Rising investment by the manufacturer in medical devices in Latin America and the Middle East & Africa segment would further fuel the growth of hyperspectral imaging system market.

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Key operating players in hyperspectral imaging system market include Headwall Photonics, Inc. (U.S.), Resonon (U.S.),  Corning Incorporated (U.S.), Telops (Canada), NorskElektroOptikk AS (Norway), Applied Spectral Imaging (U.S.), BaySpec Inc. (U.S.), Surface Optics Corporation (U.S.), SPECIM, Spectral Imaging Ltd. (Finland) and ChemImage Corporation (U.S.).

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This report segments the hyperspectral imaging system market as follows:

Hyperspectral Imaging Systems Market: By Component

  • Hyperspectral cameras
  • Accessories

Hyperspectral Imaging Systems Market: By Application

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

Hyperspectral Imaging Systems Market: By Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • Germany
    • France
    • U.K.
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America 
    • Brazil
  • Middle East & Africa

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