Market Overview:
The global hyper spectral imaging systems (HSI) market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for HSI systems for military surveillance and homeland security, industrial applications, medical diagnostics, food processing, mineralogy and astronomy applications. Additionally, the growing demand for miniaturized HSI systems is also contributing to the growth of this market. However, factors such as high cost of ownership and maintenance of HSI systems may restrain the growth of this market during the forecast period. On basis on type, PC-based hyperspectral imaging system held a major share in 2017.
 Industry Outlook.svg)
Product Definition:
Hyper spectral imaging systems (HSI) are a type of imaging system that is used to capture and analyze the spectral content of light. This information can then be used to identify and quantify different materials in an image. HSI systems are important for a number of reasons, including their ability to help identify hazardous materials, improve crop production, and detect counterfeit items.
PC Based:
The global PC based HSI market size was valued at USD 1.6 billion in 2015 and is expected to grow at a CAGR of XX% during the forecast period. The growth can be attributed to factors such as increasing adoption of point-of-care (POC) testing, rising demand for high performance computing systems, growing need for automation in medical imaging diagnostics, and increasing use of molecular diagnostic tests across various applications such as clinical chemistry & hematology.
Outdoor Camera:
Outdoor camera is a device that can capture real-time images and videos. It is widely used in security applications such as monitoring parks, hotels, airports, etc. However; it has the ability to monitor any part of the world in broad daylight as well as at night. The main advantage of using outdoor camera over human eye is that there are no restrictions associated with its use due to working hours and days throughout the year unlike human eye which has specific viewing hours during day time only.
Application Insights:
The military surveillance & homeland security application segment dominated the global HSI market in 2017. The growing need for advanced imaging and detection technologies to safeguard civil liberties while enhancing law enforcement capabilities is expected to fuel the demand over the forecast period.
HSI systems are widely used by industry participants, such as mining companies, mineral exploration firms, and petroleum producers for asset management and exploration activities. Hyper spectral images can be very useful in identifying minerals or metals hidden in rocks or soil samples that are otherwise undetectable with conventional techniques such as X-ray fluorescence (XRF). Such advantages of HSI over other imaging solutions make it a preferred technology for use by industry players involved in various aspects of mineral extraction including drilling operations, site selection & feasibility studies among others.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing adoption of hyperspectral imaging for mineralogy, archeology and others applications in U.S. Moreover, presence of major players such as Maxim Integrated Products Inc.; Agilent Technologies; and PerkinElmer, Inc.; has contributed to the growth of this regional market significantly over the past few years.
Asia Pacific is expected to grow at a lucrative rate during the forecast period owing to increasing research initiatives by various organizations toward development of advanced hyperspectral imaging systems for various applications including medical diagnosis and food processing industries. Furthermore, rising demand for high-quality spectroscopy solutions that are compact & portable along with low cost is driving this regional market further forward during the forecast period from 2018 To 2030 (See Table 1).
Mineralogy application was one among many other prominent ones identified within Asia Pacific HSI Market by Geopulse LLC.
Growth Factors:
- Increasing demand for spectral analysis in various application industries such as life sciences, chemical and material sciences, earth observation and security & surveillance is expected to drive the growth of the HSI market.
- Growing number of research initiatives undertaken by government organizations and private institutions for R&D purposes is anticipated to fuel the demand for HSI systems over the forecast period.
- Proliferation of hyperspectral data libraries that are accessible online is projected to boost adoption of HSI systems across various industry verticals.
- Increasing need for quality control and inspection in manufacturing sector is expected to create new opportunities for HSI market players during the forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Hyper Spectral Imaging Systems (HSI) Market Research Report
By Type
PC Based, Outdoor Camera, Airborne, Others
By Application
Military Surveillance & Homeland Security, Industry, Medical Diagnostics, Food Processing, Mineralogy, Astronomy, Others
By Companies
Headwall Photonics, Corning Incorporated, SPECIM, Spectral Imaging, Resonon, Telops, Applied Spectral Imaging, BaySpec, Surface Optics Corporation, ChemImage Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Hyper Spectral Imaging Systems (HSI) Market Report Segments:
The global Hyper Spectral Imaging Systems (HSI) market is segmented on the basis of:
Types
PC Based, Outdoor Camera, Airborne, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military Surveillance & Homeland Security, Industry, Medical Diagnostics, Food Processing, Mineralogy, Astronomy, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Headwall Photonics
- Corning Incorporated
- SPECIM
- Spectral Imaging
- Resonon
- Telops
- Applied Spectral Imaging
- BaySpec
- Surface Optics Corporation
- ChemImage Corporation
 Market Overview.svg)
Highlights of The Hyper Spectral Imaging Systems (HSI) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PC Based
- Outdoor Camera
- Airborne
- Others
- By Application:
- Military Surveillance & Homeland Security
- Industry
- Medical Diagnostics
- Food Processing
- Mineralogy
- Astronomy
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hyper Spectral Imaging Systems (HSI) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hyper Spectral Imaging Systems (HSI) is a technology that uses hyperspectral imagery to detect and identify objects and materials in images. HSI can be used for security, land management, environmental monitoring, and other applications.
Some of the key players operating in the hyper spectral imaging systems (hsi) market are Headwall Photonics, Corning Incorporated, SPECIM, Spectral Imaging, Resonon, Telops, Applied Spectral Imaging, BaySpec, Surface Optics Corporation, ChemImage Corporation.
The hyper spectral imaging systems (hsi) market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hyper Spectral Imaging Systems (HSI) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hyper Spectral Imaging Systems (HSI) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hyper Spectral Imaging Systems (HSI) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hyper Spectral Imaging Systems (HSI) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hyper Spectral Imaging Systems (HSI) Market Size & Forecast, 2020-2028
4.5.1 Hyper Spectral Imaging Systems (HSI) Market Size and Y-o-Y Growth
4.5.2 Hyper Spectral Imaging Systems (HSI) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 PC Based
5.2.2 Outdoor Camera
5.2.3 Airborne
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Military Surveillance & Homeland Security
6.2.2 Industry
6.2.3 Medical Diagnostics
6.2.4 Food Processing
6.2.5 Mineralogy
6.2.6 Astronomy
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hyper Spectral Imaging Systems (HSI) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hyper Spectral Imaging Systems (HSI) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 PC Based
9.6.2 Outdoor Camera
9.6.3 Airborne
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Military Surveillance & Homeland Security
9.10.2 Industry
9.10.3 Medical Diagnostics
9.10.4 Food Processing
9.10.5 Mineralogy
9.10.6 Astronomy
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 PC Based
10.6.2 Outdoor Camera
10.6.3 Airborne
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Military Surveillance & Homeland Security
10.10.2 Industry
10.10.3 Medical Diagnostics
10.10.4 Food Processing
10.10.5 Mineralogy
10.10.6 Astronomy
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 PC Based
11.6.2 Outdoor Camera
11.6.3 Airborne
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Military Surveillance & Homeland Security
11.10.2 Industry
11.10.3 Medical Diagnostics
11.10.4 Food Processing
11.10.5 Mineralogy
11.10.6 Astronomy
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 PC Based
12.6.2 Outdoor Camera
12.6.3 Airborne
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Military Surveillance & Homeland Security
12.10.2 Industry
12.10.3 Medical Diagnostics
12.10.4 Food Processing
12.10.5 Mineralogy
12.10.6 Astronomy
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 PC Based
13.6.2 Outdoor Camera
13.6.3 Airborne
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Military Surveillance & Homeland Security
13.10.2 Industry
13.10.3 Medical Diagnostics
13.10.4 Food Processing
13.10.5 Mineralogy
13.10.6 Astronomy
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hyper Spectral Imaging Systems (HSI) Market: Competitive Dashboard
14.2 Global Hyper Spectral Imaging Systems (HSI) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Headwall Photonics
14.3.2 Corning Incorporated
14.3.3 SPECIM
14.3.4 Spectral Imaging
14.3.5 Resonon
14.3.6 Telops
14.3.7 Applied Spectral Imaging
14.3.8 BaySpec
14.3.9 Surface Optics Corporation
14.3.10 ChemImage Corporation
