Market Overview:
The global hyper spectral imaging system 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 hyperspectral imaging systems from various end-use industries such as industrial, medical diagnostic, food processing, mineralogy and aerospace & defense. Additionally, the growing awareness about the benefits of hyperspectral imaging is also contributing to the growth of this market. On the basis of type, PC-based hyperspectral imaging systems are expected to lead the global hyper spectral imaging system market during the forecast period from 2018 to 2030. This can be attributed to their low cost and easy availability compared with other types of hyperspectral Imaging systems.
Product Definition:
A hyperspectral imaging system (HSI) is an instrument that collects and processes spectral data from a target scene or object. The resulting data can be used to identify, quantify and map the distribution of materials in the target scene.
PC Based:
The global PC based hyper spectral imaging system market size was valued at USD 1.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period.
Outdoor Camera:
Outdoor camera is a device that can capture real-time images and videos. It is widely used in security surveillance applications, weather monitoring, and animal tracking among others. The technology behind hyper spectral imaging system uses outdoor cameras to gather data from various sources such as air conditioners, light bulbs, traffic signals among others.
The major advantage of using outdoor camera over other technologies includes the ability to monitor an area continuously which helps in capturing precise data for analysis.
Application Insights:
The medical diagnostic segment dominated the global market in 2017. Hyper Spectral Imaging (HSI) is used for various medical applications such as cancer detection, vascular diseases, and diabetes. The industrial application segment is expected to witness the fastest growth over the forecast period owing to its rising adoption in industries such as food processing and mineralogy. HSI helps analyze material properties by providing detailed information about a sample¢â‚¬â„¢s composition which aids in improving process efficiency and quality of end products/services. It also helps enhance productivity by reducing sampling costs and time required for analysis while increasing accuracy of results.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of players and increased adoption of hyperspectral imaging systems. The region is expected to maintain its dominance over the forecast period due to increasing research & development activities by companies and universities for developing advanced hyperspectral imaging systems. Moreover, growing demand for spectroscopy-based analysis in various industrial applications such as food processing, pharmaceuticals, mining exploration is also contributing towards growth.
The Asia Pacific market is anticipated to grow at a lucrative rate over the forecast period owing to rising healthcare expenditure by governments along with an increase in R&D investment by industry players for commercialization of advanced medical diagnostic products based on hyperspectral imaging technology.
Growth Factors:
- Increasing demand for spectral imaging in the security and defense sector
- Growing application of hyperspectral imaging in medical diagnostics and therapeutics
- Proliferation of unmanned aerial vehicles (UAVs) for commercial and military applications
- Rising demand for hyperspectral imaging systems from the agricultural sector
- Increasing use of hyperspectral imaging in research and development
Scope Of The Report
Report Attributes
Report Details
Report Title
Hyper Spectral Imaging System Market Research Report
By Type
PC Based, Outdoor Camera, Airborne, Others
By Application
Industrial, Medical Diagnostic, Food Processing, Mineralogy, Aerospace & Defense
By Companies
Headwall Photonics Inc, Corning Incorporated, Norsk Elektro Optikk, Applied Spectral Imaging, Specim, Spectral Imaging Ltd, Resonon Inc, Surface Optics Corporation, Telops Inc, Chemimage Corporation, BaySpec, Teledyne Technologies, FLIR Systems, Thermo Fisher Scientific
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Hyper Spectral Imaging System Market Report Segments:
The global Hyper Spectral Imaging System 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
Industrial, Medical Diagnostic, Food Processing, Mineralogy, Aerospace & Defense
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 Inc
- Corning Incorporated
- Norsk Elektro Optikk
- Applied Spectral Imaging
- Specim, Spectral Imaging Ltd
- Resonon Inc
- Surface Optics Corporation
- Telops Inc
- Chemimage Corporation
- BaySpec
- Teledyne Technologies
- FLIR Systems
- Thermo Fisher Scientific
Highlights of The Hyper Spectral Imaging System 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:
- Industrial
- Medical Diagnostic
- Food Processing
- Mineralogy
- Aerospace & Defense
- 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 System 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
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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?
Hyper Spectral Imaging System (HSIS) is a hyperspectral imaging system that uses short-wavelength infrared radiation to image objects and surfaces. HSIS can be used for a variety of applications, such as land management, environmental monitoring, security surveillance, and agricultural mapping.
Some of the major companies in the hyper spectral imaging system market are Headwall Photonics Inc, Corning Incorporated, Norsk Elektro Optikk, Applied Spectral Imaging, Specim, Spectral Imaging Ltd, Resonon Inc, Surface Optics Corporation, Telops Inc, Chemimage Corporation, BaySpec, Teledyne Technologies, FLIR Systems, Thermo Fisher Scientific.
The hyper spectral imaging system market is expected to grow at a compound annual growth rate of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hyper Spectral Imaging System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hyper Spectral Imaging System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hyper Spectral Imaging System Market - Supply Chain
4.5. Global Hyper Spectral Imaging System Market Forecast
4.5.1. Hyper Spectral Imaging System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hyper Spectral Imaging System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hyper Spectral Imaging System Market Absolute $ Opportunity
5. Global Hyper Spectral Imaging System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hyper Spectral Imaging System Market Size and Volume Forecast by Type
5.3.1. PC Based
5.3.2. Outdoor Camera
5.3.3. Airborne
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hyper Spectral Imaging System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hyper Spectral Imaging System Market Size and Volume Forecast by Application
6.3.1. Industrial
6.3.2. Medical Diagnostic
6.3.3. Food Processing
6.3.4. Mineralogy
6.3.5. Aerospace & Defense
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hyper Spectral Imaging System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hyper Spectral Imaging System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hyper Spectral Imaging System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hyper Spectral Imaging System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hyper Spectral Imaging System Demand Share Forecast, 2019-2026
9. North America Hyper Spectral Imaging System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hyper Spectral Imaging System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hyper Spectral Imaging System Market Size and Volume Forecast by Application
9.4.1. Industrial
9.4.2. Medical Diagnostic
9.4.3. Food Processing
9.4.4. Mineralogy
9.4.5. Aerospace & Defense
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hyper Spectral Imaging System Market Size and Volume Forecast by Type
9.7.1. PC Based
9.7.2. Outdoor Camera
9.7.3. Airborne
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hyper Spectral Imaging System Demand Share Forecast, 2019-2026
10. Latin America Hyper Spectral Imaging System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hyper Spectral Imaging System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hyper Spectral Imaging System Market Size and Volume Forecast by Application
10.4.1. Industrial
10.4.2. Medical Diagnostic
10.4.3. Food Processing
10.4.4. Mineralogy
10.4.5. Aerospace & Defense
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hyper Spectral Imaging System Market Size and Volume Forecast by Type
10.7.1. PC Based
10.7.2. Outdoor Camera
10.7.3. Airborne
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hyper Spectral Imaging System Demand Share Forecast, 2019-2026
11. Europe Hyper Spectral Imaging System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hyper Spectral Imaging System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hyper Spectral Imaging System Market Size and Volume Forecast by Application
11.4.1. Industrial
11.4.2. Medical Diagnostic
11.4.3. Food Processing
11.4.4. Mineralogy
11.4.5. Aerospace & Defense
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hyper Spectral Imaging System Market Size and Volume Forecast by Type
11.7.1. PC Based
11.7.2. Outdoor Camera
11.7.3. Airborne
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hyper Spectral Imaging System Demand Share, 2019-2026
12. Asia Pacific Hyper Spectral Imaging System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hyper Spectral Imaging System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hyper Spectral Imaging System Market Size and Volume Forecast by Application
12.4.1. Industrial
12.4.2. Medical Diagnostic
12.4.3. Food Processing
12.4.4. Mineralogy
12.4.5. Aerospace & Defense
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hyper Spectral Imaging System Market Size and Volume Forecast by Type
12.7.1. PC Based
12.7.2. Outdoor Camera
12.7.3. Airborne
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hyper Spectral Imaging System Demand Share, 2019-2026
13. Middle East & Africa Hyper Spectral Imaging System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hyper Spectral Imaging System Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hyper Spectral Imaging System Market Size and Volume Forecast by Application
13.4.1. Industrial
13.4.2. Medical Diagnostic
13.4.3. Food Processing
13.4.4. Mineralogy
13.4.5. Aerospace & Defense
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hyper Spectral Imaging System Market Size and Volume Forecast by Type
13.7.1. PC Based
13.7.2. Outdoor Camera
13.7.3. Airborne
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hyper Spectral Imaging System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hyper Spectral Imaging System Market: Market Share Analysis
14.2. Hyper Spectral Imaging System Distributors and Customers
14.3. Hyper Spectral Imaging System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Headwall Photonics Inc
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Corning Incorporated
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Norsk Elektro Optikk
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Applied Spectral Imaging
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Specim, Spectral Imaging Ltd
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Resonon Inc
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Surface Optics Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Telops Inc
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Chemimage Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. BaySpec
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Teledyne Technologies
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. FLIR Systems
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Thermo Fisher Scientific
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook