Dublin, Jan. 26, 2023 (GLOBE NEWSWIRE) -- The "Hyperspectral Imaging Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global hyperspectral imaging systems market size reached US$ 13.7 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 37.5 Billion by 2027, exhibiting a CAGR of 18.27% during 2021-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
A hyperspectral imaging system can be defined as a technique used to analyze a wide spectrum of light through a spectrometer. The device uses reflected, transferred or emitted light from the object to generate its spectral-based image in multiple colors (including red, blue and green).
It also measures the absorption of electromagnetic radiations, reflections and emissions from the object. The imaging technique is commonly used to monitor the development of crops, identification of contaminants in food products, screening of manufacturing defects and automated sorting of products. Owing to this, it finds extensive applications across various industries, including military and defense, mining, agriculture, food and beverage, medical diagnostics, etc.
The growing medical and healthcare sector, along with the increasing adoption of medical imaging systems, is one of the key factors driving the growth of the market. Hyperspectral imaging systems are widely utilized for the diagnosis and treatment of various diseases by analyzing the composition and physiology of the tissues and cells in the body. Furthermore, it is used for detecting the presence of cancerous cells and analyzing the progression of other chronic diseases.
Additionally, the increasing deployment of these imaging systems in unmanned aerial vehicles (UAVs) is acting as another growth-inducing factor. Technological advancements in imaging sensors and improvements in spatial resolution are making surveillance, mapping and imaging more effective. Other factors, including growing industrial and agricultural applications, along with extensive research and development (R&D) activities, are projected to drive the market further.
The publisher's latest report provides a deep insight into the global hyperspectral imaging systems market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the hyperspectral imaging systems market in any manner.
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Applied Spectral Imaging, BaySpec Inc., ChemImage Corporation, Corning Incorporated, Cubert GmbH, Headwall Photonics, Norsk Elektro Optikk AS (NEO), Resonon Inc., Specim, Spectral Imaging Ltd., Surface Optics Corporation and Telops Inc.
Key Questions Answered in This Report:
- How has the global hyperspectral imaging systems market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global hyperspectral imaging systems market?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the technology?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the market?
- What is the structure of the global hyperspectral imaging systems market and who are the key players?
- What is the degree of competition in the market?
| Report Attribute | Details |
| No. of Pages | 143 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value (USD) in 2021 | $13.7 Billion |
| Forecasted Market Value (USD) by 2027 | $37.5 Billion |
| Compound Annual Growth Rate | 18.2% |
| Regions Covered | Global |
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Hyperspectral Imaging Systems Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Cameras
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Accessories
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Application
7.1 Military Surveillance
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Remote Sensing
7.2.1 Market Trends
7.2.2 Major Types
7.2.2.1 Agriculture
7.2.2.2 Mining/Mineral Mapping
7.2.2.3 Environmental Monitoring
7.2.2.4 Others
7.2.3 Market Forecast
7.3 Life Sciences & Medical Diagnostics
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Machine Vision & Optical Sorting
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Technology
8.1 Pushbroom
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Snapshot
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
10 SWOT Analysis
11 Value Chain Analysis
12 Porters Five Forces Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Applied Spectral Imaging
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 BaySpec Inc.
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 ChemImage Corporation
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 Corning Incorporated
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5 Cubert GmbH
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Norsk Elektro Optikk AS (NEO)
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 Resonon Inc
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 Specim
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 Spectral Imaging Ltd
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 Surface Optics Corporation
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.11 Telops Inc.
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
For more information about this report visit https://www.researchandmarkets.com/r/m4lmjq
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