The global hyperspectral imaging systems market is
anticipated to reach USD 17.64 billion by 2025, according to a new report by
Grand View Research, Inc. It is anticipated to expand at a CAGR of 10.6% during
the forecast period. New product launches coupled with advancements in
technology, designs, and features is driving the demand from various fields,
such as military, remote sensing, healthcare, mining, vision and optical, and
meteorology.
There are certain advantages of hyperspectral
imaging, such as the non-requirement of prior knowledge of the spectrum and
sample. In addition, it provides extensive information for analyzing and
processing the image. These advantages are anticipated to drive investments
from market players, which is anticipated to drive the demand during the
forecast period. Hyperspectral imaging is being used extensively in the
healthcare sector, mainly for ophthalmology, gastrointestinal procedures,
tissue diagnosis, fluorescence microscopy, and vascular system imaging. The
increasing application can be attributed mainly to its high clarity and
accuracy of this imaging method.
Rapid industrialization along with demand for
high bandwidth communication is fueling growth of hyperspectral imaging systems
market in the forthcoming years. In addition, existing market players are
switching to advanced technologies to gain competitive advantage. Rise in
R&D and growth opportunities in emerging countries and the aim to maintain
international product quality standards is anticipated to drive market expansion.
Affordable electronic circuits and high-speed
technologies have cascaded into introduction of advanced sensor technologies.
Furthermore, advancements in sensor technologies have improved the image
quality, economic efficiency, and reliability of the technical products and
thus, are anticipated to fuel the market growth.
For full research report on Hyperspectral
Imaging Systems Market visit here: https://www.grandviewresearch.com/industry-analysis/hyperspectral-imaging-systems-market
Further key
findings from the study suggest:
- Hyperspectral camera is estimated to hold the
largest market share in near future due to the recent advancements in
sensor development which have led to growth of the camera segment
- Military segment accounts for the largest
market share due to advancement in data management of hyperspectral
imaging along with component fabrication techniques, better accuracy and
consistency compared to other conventional imaging techniques
- Asia Pacific has been estimated to be the
fastest growing region due to the presence of large pool of patients,
increasing healthcare awareness, rising government funding for R&D,
and upcoming research projects
- Major players operating in the hyperspectral
imaging systems market include Headwall Photonics Inc.; Resonon, Telops
Inc.; Corning Incorporated; Norsk Elektro Optikk AS; Surface Optics
Corporation; Bayspec Inc.; Chemimage Corporation; and Applied Spectral
imaging.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/hyperspectral-imaging-systems-market/request/rs1
Grand
View Research has segmented the global hyperspectral imaging systems market on
the basis of product, application, and region:
Hyperspectral
Imaging Systems Product Outlook (Revenue, USD Million, 2014 - 2025)
- Cameras
- Accessories
Hyperspectral
Imaging Systems Application Outlook (Revenue, USD Million, 2014 - 2025)
- Military
- Remote Sensing
- Medical Diagnostics
- Machine Vision &
Optical Sorting
- Others
Hyperspectral
Imaging Systems Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia Pacific
- Japan
- China
- Latin America
- Brazil
- Mexico
- Middle East and
Africa (MEA)
- South Africa
- Saudi Arabia
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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