Market Overview:
The global spectral cameras market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for spectral cameras in various applications such as agriculture, medical imaging, drones, and others. Additionally, the growing awareness about the benefits of spectral cameras is also contributing to the growth of this market.
Product Definition:
Spectral Cameras are cameras which capture spectral data. This data can be used to identify and quantify substances in an image. Spectral Cameras are often used in scientific research, forensics, and quality control.
Hyperspectral Camera:
Hyperspectral camera is a device that can capture and record in high resolution the spectral composition of an object. It's main advantage over traditional cameras is that it can separate light into its constituent colors, thus allowing scientists to analyze the composition of objects or environments without ever having to touch them.
The technology has been around for more than two decades but was only recently commercialized when researchers at North Carolina University implemented a hyperspectral imaging system on the campus itself.
Multispectral Camera:
Multispectral camera is a type of camera that can capture image in more than two spectral bands. A normal digital or still cameras can only capture images in one spectrum band, for example, the color Red, Green and Blue (RGB). Whereas a multispectral camera can capture images in many different colors like Cyan (C), Magenta (M) and Yellow (Y).
Application Insights:
The others segment includes security, surveillance, and night vision applications. The other applications of spectral cameras include agriculture, medical imaging, drone/UAV imaging and others. In 2017-18, the agricultural application accounted for the largest market share in terms of revenue as well as volume. Spectral cameras are used to capture large areas of fields at a time by scanning the field in multiple passes with different exposure settings thereby providing enhanced visibility for farmers to take necessary measures against crop damage such as disease or pest infestation.
Agricultural application is expected to grow at a CAGR exceeding 14% from 2018 to 2030 owing to its wide usage across various industries including food & beverage processing and storage which require high level of precision in order to maintain product quality along with increased production capacity over the forecast period which further drives demand for spectral camera systems during farming activities.
Regional Analysis:
North America dominated the global market in 2017 owing to the high adoption of hyperspectral cameras by industries, such as agriculture and mining. The region is expected to maintain its dominance over the forecast period due to increasing demand for hyperspectral imaging devices from various other applications such as medical, defense & security, and others.
The Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to rising demand for drones and increasing government initiatives in developing countries like India. For instance, according to a recent article published by Business Line on March 15th 2018 titled ‘India plans massive expansion of remote sensing capabilities’; it was mentioned that Indian Space Research Organisation (ISRO) has planned an investment worth USD X million between 2019-2022 with a major focus on launching satellites that can capture images with higher resolution than before. This will enable farmers across India take better decisions regarding their crops which would ultimately drive industry growth in this region during the forecast period.
Growth Factors:
- Increasing demand for spectral cameras in the security and surveillance sector as they offer high-quality images with accurate color rendition.
- Growing popularity of spectral imaging technology in medical diagnostics and research applications.
- Rising demand for hyperspectral cameras in food and agriculture industry for quality inspection and yield assessment purposes.
- Increasing use of spectral imaging technology in material science research to study the optical properties of materials at different wavelengths.
Scope Of The Report
Report Attributes
Report Details
Report Title
Spectral Cameras Market Research Report
By Type
Hyperspectral Camera, Multispectral Camera
By Application
Agriculture, Medical Imaging, Drone, Others
By Companies
Specim, JAI, XIMEA, NEO, SONY, Cubert-GmbH, Chromasens GmbH, JFT Techno-Research Corporation, BaySpec Inc, EOPTIS, Sichuan Dualix Spectral Imaging Technology, Resonon
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
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Spectral Cameras Market Report Segments:
The global Spectral Cameras market is segmented on the basis of:
Types
Hyperspectral Camera, Multispectral Camera
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
Agriculture, Medical Imaging, Drone, 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:
- Specim
- JAI
- XIMEA
- NEO
- SONY
- Cubert-GmbH
- Chromasens GmbH
- JFT Techno-Research Corporation
- BaySpec Inc
- EOPTIS
- Sichuan Dualix Spectral Imaging Technology
- Resonon
Highlights of The Spectral Cameras 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:
- Hyperspectral Camera
- Multispectral Camera
- By Application:
- Agriculture
- Medical Imaging
- Drone
- 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 Spectral Cameras 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:
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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?
Spectral cameras are a type of camera that uses light to capture images. They are different from regular digital cameras because they use a different kind of sensor to capture images. Spectral cameras use sensors that can detect and measure the amount of light that is present in an image. This allows them to create detailed images with more accurate colors than traditional digital cameras.
Some of the major companies in the spectral cameras market are Specim, JAI, XIMEA, NEO, SONY, Cubert-GmbH, Chromasens GmbH, JFT Techno-Research Corporation, BaySpec Inc, EOPTIS, Sichuan Dualix Spectral Imaging Technology, Resonon.
The spectral cameras market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Spectral Cameras 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 Spectral Cameras Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spectral Cameras 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 Spectral Cameras 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 Spectral Cameras Market Size & Forecast, 2020-2028
4.5.1 Spectral Cameras Market Size and Y-o-Y Growth
4.5.2 Spectral Cameras 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 Hyperspectral Camera
5.2.2 Multispectral Camera
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 Agriculture
6.2.2 Medical Imaging
6.2.3 Drone
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spectral Cameras 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 Spectral Cameras 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 Hyperspectral Camera
9.6.2 Multispectral Camera
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 Agriculture
9.10.2 Medical Imaging
9.10.3 Drone
9.10.4 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 Hyperspectral Camera
10.6.2 Multispectral Camera
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 Agriculture
10.10.2 Medical Imaging
10.10.3 Drone
10.10.4 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 Hyperspectral Camera
11.6.2 Multispectral Camera
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 Agriculture
11.10.2 Medical Imaging
11.10.3 Drone
11.10.4 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 Hyperspectral Camera
12.6.2 Multispectral Camera
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 Agriculture
12.10.2 Medical Imaging
12.10.3 Drone
12.10.4 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 Hyperspectral Camera
13.6.2 Multispectral Camera
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 Agriculture
13.10.2 Medical Imaging
13.10.3 Drone
13.10.4 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 Spectral Cameras Market: Competitive Dashboard
14.2 Global Spectral Cameras Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Specim
14.3.2 JAI
14.3.3 XIMEA
14.3.4 NEO
14.3.5 SONY
14.3.6 Cubert-GmbH
14.3.7 Chromasens GmbH
14.3.8 JFT Techno-Research Corporation
14.3.9 BaySpec Inc
14.3.10 EOPTIS
14.3.11 Sichuan Dualix Spectral Imaging Technology
14.3.12 Resonon
