Hyperspectral Imaging Systems Market by Component (Hyperspectral Cameras, Accessories), Application (Military Surveillance, Remote Sensing, Machine Vision/Optical Sorting, Life Sciences & Medical Diagnostics) - Global Forecast to 2021 - Product Image

Hyperspectral Imaging Systems Market by Component (Hyperspectral Cameras, Accessories), Application (Military Surveillance, Remote Sensing, Machine Vision/Optical Sorting, Life Sciences & Medical Diagnostics) - Global Forecast to 2021

  • ID: 4031232
  • Report
  • Region: Global
  • 109 Pages
  • Markets and Markets
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Hyperspectral Imaging Systems Market worth 12.71 Billion USD by 2021

FEATURED COMPANIES

  • Applied Spectral Imaging
  • Bayspec Inc.
  • Chemimage Corporation
  • Corning Incorporated
  • Headwall Photonics, Inc.
  • Norsk Elektro Optikk As
  • MORE

The global hyperspectral imaging systems market is projected to reach USD 12.71 billion by 2021 from USD 7.41 billion in 2016, growing at a CAGR of 11.4% from 2016 to 2021. A number of factors, such as growing number of research projects using hyperspectral imaging techniques and widening industrial applications of HSI are driving the growth of this market. However, the high cost associated with the use of hyperspectral imaging technology is expected to restrain the growth of this market in the coming years.

Hyperspectral cameras combine spectroscopy with digital imaging technique. In 2016, the hyperspectral cameras segment accounted for the largest share. Technological advancements, development of affordable HSI cameras, increasing adoption of hyperspectral technology in defence and industrial applications are some of the factors attributing to the growth of this segment.

In 2016, the military surveillance segment is expected to account for the largest share of the market. Factors such technological advancements and accuracy & consistency of data are driving the growth of the adoption of hyperspectral imaging systems for military surveillance.

Furthermore, the life sciences and medical diagnostics segment is expected to grow at the highest CAGR during forecast period. This growth can be attributed to recent advances in hyperspectral cameras, image analysis methods, and computational power providing opportunities in medical applications.

In 2016, North America is expected to account for the largest share of the hyperspectral imaging systems market, followed by Europe, Asia-Pacific, and Rest of the World (RoW). North America’s large share can be attributed to the high adoption of hyperspectral imaging systems in research, growth in research funding, technological advancements, and increasing awareness on the benefits of hyperspectral imaging in commercial industries in this region. In the coming years, the hyperspectral imaging systems market is expected to witness the highest growth in the Asia-Pacific region, with emphasis on India, China, and Japan.

The market witnesses high competitive intensity, as there are several big and many small firms with similar product offerings. These companies adopt various strategies (expansions, new product launches, marketing and promotion, agreements, collaborations, contracts, partnerships, and joint ventures) to increase their market shares and establish a strong foothold in the global hyperspectral imaging systems market.

Key players offering hyperspectral imaging systems include Headwall Photonics, Inc. (U.S.), Corning Incorporated (U.S.), SPECIM, Spectral Imaging Ltd. (Finland), Resonon (U.S.), Telops (Canada), Norsk Elektro Optikk AS (Norway), Applied Spectral Imaging (U.S.), BaySpec Inc. (U.S.), Surface Optics Corporation (U.S.), and ChemImage Corporation (U.S.).

Research Coverage:

The market study covers the global hyperspectral imaging systems market, by component, application, and region. This report also covers the drivers, restraints, opportunities, and threats of the market along with the competitive landscape of the hyperspectral imaging systems market.

Reasons to buy this report:

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn helps firms to garner a greater market share. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on products and services offered by top players in the global hyperspectral imaging systems market
  • Product Development/Innovation: Detailed insights on research & development activities and new product launches in the global hyperspectral imaging systems market
  • Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for hyperspectral imaging systems across regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global Hyperspectral Imaging market
  • Competitive Assessment: In-depth assessment of strategies, products, and the manufacturing capabilities of leading players in the global hyperspectral imaging systems market
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FEATURED COMPANIES

  • Applied Spectral Imaging
  • Bayspec Inc.
  • Chemimage Corporation
  • Corning Incorporated
  • Headwall Photonics, Inc.
  • Norsk Elektro Optikk As
  • MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Markets Covered
1.2.2 Years Considered for the Study
1.3 Currency
1.4 Limitations
1.5 Stakeholders

2 Research Methodology
2.1 Market Size Estimation
2.2 Market Breakdown and Data Triangulation
2.3 Assumptions for the Study

3 Executive Summary
3.1 Introduction
3.2 Conclusion

4 Premium Insights
4.1 Hyperspectral Imaging Systems: Market Overview
4.2 Hyperspectral Imaging Systems Market Size, By Component, 2016 vs 2021 (USD Billion)
4.3 Hyperspectral Imaging Systems Market Size, By Application, 2016 vs 2021
4.4 Hyperspectral Imaging Systems Market: Geographic Snapshot

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Market Drivers
5.2.1.1 Growing Number of Research Projects Using Hyperspectral Imaging Techniques
5.2.1.2 Widening Industrial Applications of Hsi
5.2.2 Market Restraint
5.2.2.1 High Cost Associated With the Use of Hyperspectral Imaging
5.2.3 Market Opportunity
5.2.3.1 Untapped Market Opportunities in Emerging Countries
5.2.4 Market Challenge
5.2.4.1 Attaining Super-Resolution in A Cost-Effective Manner
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry

6 Hyperspectral Imaging Systems Market, By Component
6.1 Introduction
6.2 Hyperspectral Cameras
6.3 Accessories

7 Hyperspectral Imaging Systems Market, By Application
7.1 Introduction
7.2 Military Surveillance
7.3 Remote Sensing
7.4 Machine Vision/Optical Sorting
7.5 Life Sciences and Medical Diagnostics
7.6 Other Applications

8 Hyperspectral Imaging Systems Market, By Region
8.1 Introduction
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 U.K.
8.3.4 Spain
8.3.5 Italy
8.3.6 Rest of Europe (RoE)
8.4 Asia-Pacific (APAC)
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia-Pacific (RoAPAC)
8.5 Rest of the World (RoW)

9 Competitive Landscape
9.1 Overview
9.2 Market Analysis
9.2.1 Introduction
9.3 Competitive Situation and Trends
9.3.1 Product Launches and Approvals
9.3.2 Partnerships and Agreements
9.3.3 Expansions
9.3.4 Acquisitions

10 Company Profiles
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
10.1 Headwall Photonics, Inc.
10.2 Corning Incorporated
10.3 Specim, Spectral Imaging Ltd.
10.4 Resonon
10.5 Telops Inc.
10.6 Norsk Elektro Optikk As
10.7 Applied Spectral Imaging
10.8 Bayspec Inc.
10.9 Surface Optics Corporation
10.10 Chemimage Corporation

11 Appendix
11.1 Insights of Industry Experts
11.2 Discussion Guide
11.3 Knowledge Store
11.4 Introducing RT: Real-Time Market Intelligence
11.5 Available Customization
11.6 Related Report
11.7 Author Details

List of Tables:
Table 1 Hyperspectral Imaging Systems Market Size, By Component, 2014-2021 (USD Million)
Table 2 Hyperspectral Cameras Market Size, By Region, 2014-2021 (USD Million)
Table 3 North America: Hyperspectral Cameras Market Size, By Country, 2014-2021 (USD Million)
Table 4 Europe: Hyperspectral Cameras Market Size, By Country, 2014-2021 (USD Million)
Table 5 Asia-Pacific: Hyperspectral Cameras Market Size, By Country, 2014-2021 (USD Million)
Table 6 Hyperspectral Imaging System Accessories Market Size, By Region, 2014-2021 (USD Million)
Table 7 North America: Hyperspectral Imaging System Accessories Market Size, By Country, 2014-2021 (USD Million)
Table 8 Europe: Hyperspectral Imaging System Accessories Market Size, By Country, 2014-2021 (USD Million)
Table 9 Asia-Pacific: Hyperspectral Imaging System Accessories Market Size, By Country, 2014-2021 (USD Million)
Table 10 Market Size, By Application, 2014-2021 (USD Million)
Table 11 Market Size for Military Surveillance, By Region, 2014-2021 (USD Million)
Table 12 North America: Market Size for Military Surveillance, By Country, 2014-2021 (USD Million)
Table 13 Europe: Market Size for Military Surveillance, By Country, 2014-2021 (USD Million)
Table 14 Asia-Pacific: Market Size for Military Surveillance, By Country, 2014-2021 (USD Million)
Table 15 Market Size for Remote Sensing, By Region, 2014-2021 (USD Million)
Table 16 North America: Market Size for Remote Sensing, By Country, 2014-2021 (USD Million)
Table 17 Europe: Market Size for Remote Sensing, By Country, 2014-2021 (USD Million)
Table 18 Asia-Pacific: Market Size for Remote Sensing, By Country, 2014-2021 (USD Million)
Table 19 Market Size for Machine Vision/Optical Sorting, By Region, 2014-2021 (USD Million)
Table 20 North America: Market Size for Machine Vision/Optical Sorting, By Country, 2014-2021 (USD Million)
Table 21 Europe: Market Size for Machine Vision/Optical Sorting, By Country, 2014-2021 (USD Million)
Table 22 Asia-Pacific: Market Size for Machine Vision/Optical Sorting, By Country, 2014-2021 (USD Million)
Table 23 Market Size for Life Sciences and Medical Diagnostics, By Region, 2014-2021 (USD Million)
Table 24 North America: Market Size for Life Sciences and Medical Diagnostics, By Country, 2014-2021 (USD Million)
Table 25 Europe: Market Size for Life Sciences and Medical Diagnostics, By Country, 2014-2021 (USD Million)
Table 26 Asia-Pacific: Market Size for Life Sciences and Medical Diagnostics, By Country, 2014-2021 (USD Million)
Table 27 Market Size for Other Applications, By Region, 2014-2021 (USD Million)
Table 28 Market Size, By Region, 2014-2021 (USD Million)
Table 29 North America: Market Size, By Country, 2014-2021 (USD Million)
Table 30 North America: Market Size, By Component, 2014-2021 (USD Million)
Table 31 North America: Market Size, By Application, 2014-2021 (USD Million)
Table 32 U.S.: Market Size, By Component, 2014-2021 (USD Million)
Table 33 U.S.: Market Size, By Application, 2014-2021 (USD Million)
Table 34 Canada: Market Size, By Component, 2014-2021 (USD Million)
Table 35 Canada: Market Size, By Application, 2014-2021 (USD Million)
Table 36 Europe: Market Size, By Country, 2014-2021 (USD Million)
Table 37 Europe: Market Size, By Component, 2014-2021 (USD Million)
Table 38 Europe: Market Size, By Application, 2014-2021 (USD Million)
Table 39 Germany: Market Size, By Component, 2014-2021 (USD Million)
Table 40 Germany: Market Size, By Application, 2014-2021 (USD Million)
Table 41 France: Market Size, By Component, 2014-2021 (USD Million)
Table 42 France: Market Size, By Application, 2014-2021 (USD Million)
Table 43 U.K.: Market Size, By Component, 2014-2021 (USD Million)
Table 44 U.K.: Market Size, By Application, 2014-2021 (USD Million)
Table 45 Spain: Market Size, By Component, 2014-2021 (USD Million)
Table 46 Spain: Market Size, By Application, 2014-2021 (USD Million)
Table 47 Italy: Market Size, By Component, 2014-2021 (USD Million)
Table 48 Italy: Market Size, By Application, 2014-2021 (USD Million)
Table 49 RoE: Market Size, By Component, 2014-2021 (USD Million)
Table 50 RoE: Market Size, By Application, 2014-2021 (USD Million)
Table 51 Asia-Pacific: Market Size, By Country, 2014-2021 (USD Million)
Table 52 Asia-Pacific: Market Size, By Component, 2014-2021 (USD Million)
Table 53 Asia-Pacific: Market Size, By Application, 2014-2021 (USD Million)
Table 54 China: Market Size, By Component, 2014-2021 (USD Million)
Table 55 China: Market Size, By Application, 2014-2021 (USD Million)
Table 56 Japan: Market Size, By Component, 2014-2021 (USD Million)
Table 57 Japan: Market Size, By Application, 2014-2021 (USD Million)
Table 58 India: Market Size, By Component, 2014-2021 (USD Million)
Table 59 India: Market Size, By Application, 2014-2021 (USD Million)
Table 60 RoAPAC: Market Size, By Component, 2014-2021 (USD Million)
Table 61 RoAPAC: Market Size, By Application, 2014-2021 (USD Million)
Table 62 RoW: Market Size, By Component, 2014-2021 (USD Million)
Table 63 RoW: Market Size, By Application, 2014-2021 (USD Million)
Table 64 Product Launches and Approvals (2013-2016)
Table 65 Partnerships and Agreements (2013-2016)
Table 66 Expansions (2013-2016)
Table 67 Acquisitions (2013-2016)

List of Figures:
Figure 1 Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top Down Approach
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Data Triangulation Methodology
Figure 6 Key Data From Secondary Sources
Figure 7 Key Data Points From Primary Sources
Figure 8 Global Hyperspectral Imaging Systems Market Size, By Component, 2016 vs 2021
Figure 9 Global Hyperspectral Imaging Systems Market Size, By Application, 2016 vs 2021
Figure 10 Geographical Snapshot of the Hyperspectral Imaging Systems Market
Figure 11 Major Factors Driving the Growth of the Hyperspectral Imaging Systems Market
Figure 12 Hyperspectral Cameras to Account for the Largest Market Share in 2016
Figure 13 Lifesciences & Medical Diagnostics Segment to Witness Highest Growth During the Forecast Period
Figure 14 Asia-Pacific to Grow at the Highest CAGR in the Forecast Period
Figure 15 Hyperspectral Imaging Systems Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Hyperspectral Cameras to Dominate the Global Hyperspectral Imaging Systems Market, By Component, 2016 vs 2021 (USD Million)
Figure 17 North America Dominated the Hyperspectral Cameras Market in 2016
Figure 18 North America Dominated the Hyperspectral Imaging System Accessories Market in 2016
Figure 19 Hyperspectral Imaging Systems Market, By Application, 2016 vs 2021 (USD Million)
Figure 20 North America: Hyperspectral Imaging Systems Market Snapshot
Figure 21 Europe: Hyperspectral Imaging Systems Market Snapshot
Figure 22 Asia-Pacific: Hyperspectral Imaging Systems Market Snapshot
Figure 23 RoW: Hyperspectral Imaging Systems Market Snapshot
Figure 24 Key Developments in the Hyperspectral Imaging Systems Market, By Company (2013-2016)
Figure 25 Market Evolution Framework: Partnerships, Agreements, Contracts, and Collaborations are Fueling Market Growth
Figure 26 Battle for Market Share: Product Launches & Approvals Was the Key Growth Strategy Adopted By Market Players Between 2013 & 2016
Figure 27 Application Mix for the Top 5 Players in the Hyperspectral Imaging Systems Market
Figure 28 Company Snapshot: Corning Incorporated
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  • Applied Spectral Imaging
  • Bayspec Inc.
  • Chemimage Corporation
  • Corning Incorporated
  • Headwall Photonics, Inc.
  • Norsk Elektro Optikk As
  • Resonon
  • Specim, Spectral Imaging Ltd.
  • Surface Optics Corporation
  • Telops Inc.
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
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