Market Overview:
The global multispectral sensor market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for multispectral sensors across different applications, such as aerospace, UAVs (unmanned aerial vehicles), industrial, optics and others. Additionally, factors such as technological advancements and rising demand for miniaturized sensors are also contributing to the growth of this market. On the basis of type, the global multispectral sensor market can be segmented into universal multispectral sensors and dedicated multispectral sensors.
Product Definition:
A multispectral sensor is a device that captures data from multiple spectral bands. This type of sensor is typically used for remote sensing applications, such as land monitoring or crop assessment. Multispectral sensors can be used to detect and quantify changes in the environment over time, which can help inform policy decisions and improve management practices.
Universal Multispectral Sensor:
The universal multispectral sensor (UMSS) is a new technology that combines the advantages of both hyperspectral and multispectral imaging. It offers high spectral resolution, wide field of view, and high sensitivity along with the flexibility to capture images in various lighting conditions. The major advantage offered by this sensor is its capability to operate under diverse environmental conditions such as low light level, poor weather condition or at night etc.
Dedicated Multispectral Sensor:
DMS ( Dedicated Multispectral Sensor) is a type of sensor which can capture and record data in more than two spectral bands. The term “ multispectral ” is used for referring to sensors that can detect and analyze objects in multiple wavelengths of light simultaneously. DMS are widely used by industries such as agriculture, construction, mining & metals, oil & gas exploration etc.
Application Insights:
The aerospace segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. The growing need for advanced imaging solutions that provide critical information on a real-time basis about the battlefield has led to an increased use of MSS by various military aircraft manufacturers.
MSS are used as sensors that offer high spatial resolution and spectral range simultaneously which enables pilots to make accurate decisions while engaging targets during aerial combat or bombing runs. Furthermore, these sensors enable targeting of enemy troops at long distances who are hiding behind cover thus making them highly preferred among several aviation platforms across all major regions of operation including North America, Europe and Asia Pacific.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of major aircraft manufacturers and a large consumer base. The region is expected to maintain its dominance over the forecast period due to increasing defense spending by countries, such as U.S., Canada, and Mexico. Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing to rising demand for UAVs and drones from several Asian countries including China, India, Japan, South Korea etc.
The growing adoption of MSS across industries has led governments around the world towards adopting policies that regulate their use across different sectors; however there exists no strict regulation regarding their usage in civil applications thus resulting into high demand from end-users within respective industry verticals worldwide (e.g., agriculture).
Growth Factors:
- Increasing demand for multispectral sensors in the agricultural sector for precision farming is expected to drive the growth of the multispectral sensor market during the forecast period.
- The increasing use of multispectral sensors in unmanned aerial vehicles (UAVs) is another major factor that is expected to fuel the growth of this market during the forecast period.
- The increasing demand for hyperspectral imaging systems from various end-use industries, such as defense, security, and surveillance, is also projected to boost the growth of this market in coming years.
- Growing investments by governments worldwide for R&D activities pertaining to multispectral sensors are also anticipated to propel market growth over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Multispectral Sensor Market Research Report
By Type
Universal Multispectral Sensor, Dedicated Multispectral Sensor
By Application
Aerospace, UAV(Unmanned Aerial Vehicle), Industrial, Optics, Others
By Companies
ams AG, ZEISS, ASM Automation Sensorik Messtechnik GmbH, VACUUBRAND GMBH + CO KG, MICRO-EPSILON, Banner Engineering, Leica Microsystems GmbH, MicaSense, TerraDrone, Schmersal Group, MECANUMERIC Group, KROHNE Messtechnik, Sentera, IDIL Fibres Optiques, Neumüller Elektronik GmbH
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
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Multispectral Sensor Market Report Segments:
The global Multispectral Sensor market is segmented on the basis of:
Types
Universal Multispectral Sensor, Dedicated Multispectral Sensor
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
Aerospace, UAV(Unmanned Aerial Vehicle), Industrial, Optics, 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:
- ams AG
- ZEISS
- ASM Automation Sensorik Messtechnik GmbH
- VACUUBRAND GMBH + CO KG
- MICRO-EPSILON
- Banner Engineering
- Leica Microsystems GmbH
- MicaSense
- TerraDrone
- Schmersal Group
- MECANUMERIC Group
- KROHNE Messtechnik
- Sentera
- IDIL Fibres Optiques
- Neumüller Elektronik GmbH
Highlights of The Multispectral Sensor 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:
- Universal Multispectral Sensor
- Dedicated Multispectral Sensor
- By Application:
- Aerospace
- UAV(Unmanned Aerial Vehicle)
- Industrial
- Optics
- 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 Multispectral Sensor 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.
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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?
A multispectral sensor is a type of sensor that can detect multiple wavelengths of light. This allows the sensor to identify different objects and substances in its environment.
Some of the key players operating in the multispectral sensor market are ams AG, ZEISS, ASM Automation Sensorik Messtechnik GmbH, VACUUBRAND GMBH + CO KG, MICRO-EPSILON, Banner Engineering, Leica Microsystems GmbH, MicaSense, TerraDrone, Schmersal Group, MECANUMERIC Group, KROHNE Messtechnik, Sentera, IDIL Fibres Optiques, Neum¼ller Elektronik GmbH.
The multispectral sensor market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Multispectral Sensor 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 Multispectral Sensor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multispectral Sensor 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 Multispectral Sensor 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 Multispectral Sensor Market Size & Forecast, 2020-2028
4.5.1 Multispectral Sensor Market Size and Y-o-Y Growth
4.5.2 Multispectral Sensor 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 Universal Multispectral Sensor
5.2.2 Dedicated Multispectral Sensor
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 Aerospace
6.2.2 UAV(Unmanned Aerial Vehicle)
6.2.3 Industrial
6.2.4 Optics
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multispectral Sensor 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 Multispectral Sensor 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 Universal Multispectral Sensor
9.6.2 Dedicated Multispectral Sensor
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 Aerospace
9.10.2 UAV(Unmanned Aerial Vehicle)
9.10.3 Industrial
9.10.4 Optics
9.10.5 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 Universal Multispectral Sensor
10.6.2 Dedicated Multispectral Sensor
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 Aerospace
10.10.2 UAV(Unmanned Aerial Vehicle)
10.10.3 Industrial
10.10.4 Optics
10.10.5 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 Universal Multispectral Sensor
11.6.2 Dedicated Multispectral Sensor
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 Aerospace
11.10.2 UAV(Unmanned Aerial Vehicle)
11.10.3 Industrial
11.10.4 Optics
11.10.5 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 Universal Multispectral Sensor
12.6.2 Dedicated Multispectral Sensor
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 Aerospace
12.10.2 UAV(Unmanned Aerial Vehicle)
12.10.3 Industrial
12.10.4 Optics
12.10.5 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 Universal Multispectral Sensor
13.6.2 Dedicated Multispectral Sensor
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 Aerospace
13.10.2 UAV(Unmanned Aerial Vehicle)
13.10.3 Industrial
13.10.4 Optics
13.10.5 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 Multispectral Sensor Market: Competitive Dashboard
14.2 Global Multispectral Sensor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ams AG
14.3.2 ZEISS
14.3.3 ASM Automation Sensorik Messtechnik GmbH
14.3.4 VACUUBRAND GMBH + CO KG
14.3.5 MICRO-EPSILON
14.3.6 Banner Engineering
14.3.7 Leica Microsystems GmbH
14.3.8 MicaSense
14.3.9 TerraDrone
14.3.10 Schmersal Group
14.3.11 MECANUMERIC Group
14.3.12 KROHNE Messtechnik
14.3.13 Sentera
14.3.14 IDIL Fibres Optiques
14.3.15 Neumüller Elektronik GmbH
