Hyperspectral Imaging Systems Market
PUBLISHED: 2020 ID: SMRC19791
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Hyperspectral Imaging Systems Market

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

4.7 (90 reviews)
4.7 (90 reviews)
Published: 2020 ID: SMRC19791

This report covers the impact of COVID-19 on this global market

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

Table of Contents

1 Executive Summary         
           
2 Preface  
       
 2.1 Abstract         
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology       
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions       
           
3 Market Trend Analysis        
 3.1 Introduction        
 3.2 Drivers         
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats         
 3.6 Product Analysis        
 3.7 Technology Analysis       
 3.8 Application Analysis       
 3.9 End User Analysis        
 3.10 Emerging Markets        
 3.11 Impact of Covid-19        
           
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry        
           
5 Global Hyperspectral Imaging Systems Market, By Type     
 5.1 Introduction        
 5.2 Visible/Near-Infrared (VNIR)       
 5.3 Short-Wave Infrared (SWIR)       
 5.4 Mid-Wave Infrared (MWIR)       
 5.5 Long-Wave Infrared (LWIR)       
           
6 Global Hyperspectral Imaging Systems Market, By Product     
 6.1 Introduction        
 6.2 Accessories        
 6.3 Cameras         
           
7 Global Hyperspectral Imaging Systems Market, By Technology    
 7.1 Introduction        
 7.2 Snapshot (Single Shot)       
 7.3 Pushbroom (Line-Scanning)       
 7.4 Other Technologies        
  7.4.1 Imaging FTIR (Time Scanning)      
  7.4.2 Tunable Filters (Wavelength Scan)     
  7.4.3 Whiskbroom (Point-Scanning)      
           
8 Global Hyperspectral Imaging Systems Market, By Application     
 8.1 Introduction        
 8.2 Military & Defense Surveillance      
 8.3 Remote Sensing        
  8.3.1 Environmental Monitoring and Mineralogy    
  8.3.2 Mineral Mapping       
  8.3.3 Agriculture       
 8.4 Life Sciences & Medical Diagnostics      
 8.5 Machine Vision & Optical Sorting      
 8.6 Other Applications        
  8.6.1 Thin-Film Manufacturing      
  8.6.2 Night Vision       
  8.6.3 Colorimetry       
  8.6.4 Meteorology       
           
9 Global Hyperspectral Imaging Systems Market, By End User     
 9.1 Introduction        
 9.2 Astronomy        
 9.3 Food Processing        
 9.4 Vegetation and Ecology       
 9.5 Healthcare        
 9.6 Mining         
           
10 Global Hyperspectral Imaging Systems Market, By Scanning Type    
 10.1 Introduction        
 10.2 Spectral Scanning        
 10.3 Spatiospectral Scanning       
 10.4 Spatial Scanning        
 10.5 Snapshot Hyperspectral Imaging      
           
11 Global Hyperspectral Imaging Systems Market, By System     
 11.1 Introduction        
 11.2 PC Based         
 11.3 Outdoor Camera        
 11.4 Airborne         
           
12 Global Hyperspectral Imaging Systems Market, By Geography     
 12.1 Introduction        
 12.2 North America        
  12.2.1 US        
  12.2.2 Canada        
  12.2.3 Mexico        
 12.3 Europe         
  12.3.1 Germany        
  12.3.2 UK        
  12.3.3 Italy        
  12.3.4 France        
  12.3.5 Spain        
  12.3.6 Rest of Europe       
 12.4 Asia Pacific        
  12.4.1 Japan        
  12.4.2 China        
  12.4.3 India        
  12.4.4 Australia        
  12.4.5 New Zealand       
  12.4.6 South Korea       
  12.4.7 Rest of Asia Pacific       
 12.5 South America        
  12.5.1 Argentina       
  12.5.2 Brazil        
  12.5.3 Chile        
  12.5.4 Rest of South America      
 12.6 Middle East & Africa       
  12.6.1 Saudi Arabia       
  12.6.2 UAE        
  12.6.3 Qatar        
  12.6.4 South Africa       
  12.6.5 Rest of Middle East & Africa      
           
13 Key Developments         
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 13.2 Acquisitions & Mergers       
 13.3 New Product Launch       
 13.4 Expansions        
 13.5 Other Key Strategies       
           
14 Company Profiling         
 14.1 Headwall Photonics, Inc.       
 14.2 Specim         
 14.3 Spectral Imaging Ltd.        
 14.4 Corning Incorporated       
 14.5 Norsk Elektro Optikk AS       
 14.6 Resonon Inc.        
 14.7 Telops         
 14.8 Surface Optics Corporation       
 14.9 CytoViva, Inc.         
 14.10 Applied Spectral Imaging Ltd.       
 14.11 Raytheon Company        
 14.12 ChemImage Corporation       
 14.13 Cubert GmbH        
 14.14 BaySpec, Inc.         
 14.15 Glana Sensors AB        
 14.16 HyperMed Imaging, Inc.       
 14.17 Inno-spec GmbH        
 14.18 Camlin Ltd.        
 14.19 Diaspective Vision GmbH       
 14.20 TruTag Technologies, Inc


List of Tables          
1 Global Hyperspectral Imaging Systems Market Outlook, By Region (2018-2027) ($MN)  
2 Global Hyperspectral Imaging Systems Market Outlook, By Type (2018-2027) ($MN)   
3 Global Hyperspectral Imaging Systems Market Outlook, By Visible/Near-Infrared (VNIR) (2018-2027) ($MN)
4 Global Hyperspectral Imaging Systems Market Outlook, By Short-Wave Infrared (SWIR) (2018-2027) ($MN)
5 Global Hyperspectral Imaging Systems Market Outlook, By Mid-Wave Infrared (MWIR) (2018-2027) ($MN)
6 Global Hyperspectral Imaging Systems Market Outlook, By Long-Wave Infrared (LWIR) (2018-2027) ($MN)
7 Global Hyperspectral Imaging Systems Market Outlook, By Product (2018-2027) ($MN)  
8 Global Hyperspectral Imaging Systems Market Outlook, By Accessories (2018-2027) ($MN)  
9 Global Hyperspectral Imaging Systems Market Outlook, By Cameras (2018-2027) ($MN)  
10 Global Hyperspectral Imaging Systems Market Outlook, By Technology (2018-2027) ($MN)  
11 Global Hyperspectral Imaging Systems Market Outlook, By Snapshot (Single Shot) (2018-2027) ($MN) 
12 Global Hyperspectral Imaging Systems Market Outlook, By Pushbroom (Line-Scanning) (2018-2027) ($MN)
13 Global Hyperspectral Imaging Systems Market Outlook, By Other Technologies (2018-2027) ($MN) 
14 Global Hyperspectral Imaging Systems Market Outlook, By Imaging FTIR (Time Scanning) (2018-2027) ($MN)
15 Global Hyperspectral Imaging Systems Market Outlook, By Tunable Filters (Wavelength Scan) (2018-2027) ($MN)
16 Global Hyperspectral Imaging Systems Market Outlook, By Whiskbroom (Point-Scanning) (2018-2027) ($MN)
17 Global Hyperspectral Imaging Systems Market Outlook, By Application (2018-2027) ($MN)  
18 Global Hyperspectral Imaging Systems Market Outlook, By Military & Defense Surveillance (2018-2027) ($MN)
19 Global Hyperspectral Imaging Systems Market Outlook, By Remote Sensing (2018-2027) ($MN) 
20 Global Hyperspectral Imaging Systems Market Outlook, By Environmental Monitoring and Mineralogy (2018-2027) ($MN)
21 Global Hyperspectral Imaging Systems Market Outlook, By Mineral Mapping (2018-2027) ($MN) 
22 Global Hyperspectral Imaging Systems Market Outlook, By Agriculture (2018-2027) ($MN)  
23 Global Hyperspectral Imaging Systems Market Outlook, By Life Sciences & Medical Diagnostics (2018-2027) ($MN)
24 Global Hyperspectral Imaging Systems Market Outlook, By Machine Vision & Optical Sorting (2018-2027) ($MN)
25 Global Hyperspectral Imaging Systems Market Outlook, By Other Applications (2018-2027) ($MN) 
26 Global Hyperspectral Imaging Systems Market Outlook, By Thin-Film Manufacturing (2018-2027) ($MN) 
27 Global Hyperspectral Imaging Systems Market Outlook, By Night Vision (2018-2027) ($MN)  
28 Global Hyperspectral Imaging Systems Market Outlook, By Colorimetry (2018-2027) ($MN)  
29 Global Hyperspectral Imaging Systems Market Outlook, By Meteorology (2018-2027) ($MN)  
30 Global Hyperspectral Imaging Systems Market Outlook, By End User (2018-2027) ($MN)  
31 Global Hyperspectral Imaging Systems Market Outlook, By Astronomy (2018-2027) ($MN)  
32 Global Hyperspectral Imaging Systems Market Outlook, By Food Processing (2018-2027) ($MN) 
33 Global Hyperspectral Imaging Systems Market Outlook, By Vegetation and Ecology (2018-2027) ($MN) 
34 Global Hyperspectral Imaging Systems Market Outlook, By Healthcare (2018-2027) ($MN)  
35 Global Hyperspectral Imaging Systems Market Outlook, By Mining (2018-2027) ($MN)  
36 Global Hyperspectral Imaging Systems Market Outlook, By Scanning Type (2018-2027) ($MN)  
37 Global Hyperspectral Imaging Systems Market Outlook, By Spectral Scanning (2018-2027) ($MN) 
38 Global Hyperspectral Imaging Systems Market Outlook, By Spatiospectral Scanning (2018-2027) ($MN) 
39 Global Hyperspectral Imaging Systems Market Outlook, By Spatial Scanning (2018-2027) ($MN) 
40 Global Hyperspectral Imaging Systems Market Outlook, By Snapshot Hyperspectral Imaging (2018-2027) ($MN)
41 Global Hyperspectral Imaging Systems Market Outlook, By System (2018-2027) ($MN)  
42 Global Hyperspectral Imaging Systems Market Outlook, By PC Based (2018-2027) ($MN)  
43 Global Hyperspectral Imaging Systems Market Outlook, By Outdoor Camera (2018-2027) ($MN) 
44 Global Hyperspectral Imaging Systems Market Outlook, By Airborne (2018-2027) ($MN)  
           
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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