Hyperspectral Imaging Systems - Global Market Outlook (2019-2027)

According to Stratistics MRC, the Global Hyperspectral Imaging Systems Market is accounted for $10.39 billion in 2019 and is expected to reach $48.70  billion by 2027 growing at a CAGR of 21.3% during the forecast period. Increasing applications in various sectors, advancement in technology for designing sensors, and increasing funding and investments are some of the factors propelling the growth of the market. However, data storage challenges and high costs are restraining the growth of the market. 

Hyperspectral imaging combines the power of spectroscopy and digital imaging. It can acquire 2D images across a wide range of the electromagnetic spectrum. Hyperspectral imaging provides a better image than any normal camera and classifies the objects in present in scenes depending upon their spectral properties.

Based on the technology, the pushbroom (line-scanning) segment is anticipated to hold considerable market share during the forecast period due to the high spectral resolution, simplified illumination requirements, minimized illumination exposure and heat load, and the shorter capturing time. By geography, North America is expected to grow at a significant market share during the forecast period owing to the high investment in the healthcare coupled with the availability of robust healthcare infrastructure and growing inclination for adopting novel technologies.

Some of the key players profiled in the Hyperspectral Imaging Systems Market include Headwall Photonics, Inc., Specim, Spectral Imaging Ltd., Corning Incorporated, Norsk Elektro Optikk AS, Resonon Inc., Telops, Surface Optics Corporation, CytoViva, Inc., Applied Spectral Imaging Ltd., Raytheon Company, ChemImage Corporation, Cubert GmbH, BaySpec, Inc., Glana Sensors AB, HyperMed Imaging, Inc., Inno-spec GmbH, Camlin Ltd., Diaspective Vision GmbH, and TruTag Technologies, Inc.    

Types Covered:
• Visible/Near-Infrared (VNIR)  
• Short-Wave Infrared (SWIR)  
• Mid-Wave Infrared (MWIR)  
• Long-Wave Infrared (LWIR)  

Products Covered:
• Accessories
• Cameras   

Technologies Covered:
• Snapshot (Single Shot)
• Pushbroom (Line-Scanning)
• Other Technologies 

Applications Covered:
• Military & Defense Surveillance
• Remote Sensing
• Life Sciences & Medical Diagnostics
• Machine Vision & Optical Sorting
• Other Applications

End Users Covered:
• Astronomy 
• Food Processing 
• Vegetation and Ecology 
• Healthcare 
• Mining  

Scanning Types Covered:
• Spectral Scanning 
• Spatiospectral Scanning 
• Spatial Scanning 
• Snapshot Hyperspectral Imaging  

Systems Covered:
• PC Based 
• Outdoor Camera 
• Airborne  

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances