Hyperspectral Imaging System Market by Product & Application - Global Forecast to 2023

  • ID: 4607576
  • Report
  • Region: Global
  • 110 Pages
  • Markets and Markets
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The Global Hyperspectral Imaging Systems Market is Projected to Reach USD 21.33 Billion by 2023 From USD 9.51 Billion in 2018, at a CAGR of 17.5%.

FEATURED COMPANIES

  • Applied Spectral Imaging
  • Bayspec
  • Chemimage Corporation
  • Corning Incorporated
  • Cubert GmbH
  • Headwall Photonics, Inc.
  • MORE

“The global hyperspectral imaging systems market projected to grow at a CAGR of 17.5%.”

The global hyperspectral imaging systems market is projected to reach USD 21.33 billion by 2023 from USD 9.51 billion in 2018, at a CAGR of 17.5%. Factors driving the growth of this market are growing industrial applications of hyperspectral imaging and increasing funding & investments. However, data storage issues and high costs associated with the use of hyperspectral imaging are expected to restrain the growth of this market during the forecast period.

“Cameras are expected to grow at the highest CAGR during the forecast period.”

Based on product, the hyperspectral imaging systems market is segmented into cameras and accessories. The cameras segment is expected to dominate the market with the largest share and is also expected to grow at the highest CAGR during the forecast period. This is attributed to factors such as recent advances in sensor development & computing power and the availability of low-cost cameras with widening industrial applications.

“The military surveillance segment is expected to dominate the market during the forecast period.”

On the basis of application, the hyperspectral imaging systems market is segmented into military surveillance, remote sensing, machine vision and optical sorting, life sciences and medical diagnostics, and other applications. The military surveillance segment is expected to account for the largest share of the hyperspectral imaging systems market in 2018. The advancements in hyperspectral imaging data management and component fabrication techniques as well as the better accuracy and consistency of hyperspectral imaging data (as compared to other conventional imaging techniques) are the major factors driving the adoption of hyperspectral imaging systems in military surveillance applications.

“Asia Pacific to witness the highest growth during the forecast period.”

In 2018, North America is expected to account for the largest share of the market followed by Europe. However, Asia Pacific is expected to register the highest CAGR during the forecast period. Technological advancements have resulted in the development of cost-effective hyperspectral imaging systems, which are being used in several commercial applications in the price-sensitive Asia Pacific region. This is the major factor responsible for the high growth of the Asia Pacific market.

The primary interviews conducted for this report can be categorized as follows:

  • By Company Type: Tier 1 – 30%; Tier 2 - 50%; Tier 3 - 20%.
  • By Designation: C-level- 27%; D-level- 32%; others- 41%.
  • By Region: North America-33%; Europe-28%; APAC -23%; Rest of the World- 16%

Research Coverage:

The report provides an overview of the hyperspectral imaging systems market. It aims at estimating the market size and future growth potential of this market across different segments such as product, application, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

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FEATURED COMPANIES

  • Applied Spectral Imaging
  • Bayspec
  • Chemimage Corporation
  • Corning Incorporated
  • Cubert GmbH
  • Headwall Photonics, Inc.
  • MORE

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Hyperspectral Imaging Systems Market Overview
4.2 Hyperspectral Imaging Systems Market, By Product, 2018 vs 2023 (USD Billion)
4.3 Hyperspectral Imaging Systems Market, By Application
4.4 Hyperspectral Imaging Systems Market, By Remote Sensing Application, 2018 to 2023
4.5 Hyperspectral Imaging Systems Market: Geographic Snapshot

5 Market Overview

5.1 Introduction
       5.1.1 Market Drivers
                5.1.1.1 Increasing Funding and Investments
                5.1.1.2 Growing Industrial Applications of Hyperspectral Imaging
       5.1.2 Market Restraints
                5.1.2.1 Data Storage and High Costs Associated With the Use of Hyperspectral Imaging
       5.1.3 Market Opportunities
                5.1.3.1 Untapped Market Opportunities in Emerging Countries
       5.1.4 Market Challenges
                5.1.4.1 Attaining Super-Resolution in A Cost-Effective Manner

6 Hyperspectral Imaging Systems Market, By Product

6.1 Introduction
6.2 Cameras
6.3 Accessories

7 Hyperspectral Imaging Systems Market, By Application

7.1 Introduction
7.2 Military Surveillance
7.3 Remote Sensing
       7.3.1 Agriculture
       7.3.2 Mining/Mineral Mapping
       7.3.3 Environmental Monitoring
       7.3.4 Other Remote Sensing Applications
7.4 Life Sciences & Medical Diagnostics
7.5 Machine Vision & Optical Sorting
7.6 Other Applications

8 Hyperspectral Imaging Systems Market, By Region

8.1 Introduction
8.2 North America
       8.2.1 US
       8.2.2 Canada
8.3 Europe
       8.3.1 Germany
       8.3.2 France
       8.3.3 UK
       8.3.4 Spain
       8.3.5 Italy
       8.3.6 Rest of Europe
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 Hyperspectral Imaging Systems Market Ranking
9.3 Competitive Situation and Trends
       9.3.1 Partnerships, Agreements, Contracts, and Collaborations (2015–2018)
       9.3.2 Product Launches (2015–2018)
       9.3.3 Acquisitions (2015–2018)
       9.3.4 Expansions (2015–2018)

10 Company Profiles

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 (NEO)
10.7 Applied Spectral Imaging
10.8 Bayspec
10.9 Surface Optics Corporation
10.10 Chemimage Corporation
10.11 Cubert GmbH

11 Appendix

List of Tables

Table 1 Hyperspectral Imaging Systems Market, By Product, 2016–2023 (USD Million)
Table 2 Hyperspectral Imaging Cameras Market, By Region, 2016–2023 (USD Million)
Table 3 Hyperspectral Imaging Accessories Market, By Region, 2016–2023 (USD Million)
Table 4 Hyperspectral Imaging Systems Market, By Application, 2016–2023 (USD Million)
Table 5 Hyperspectral Imaging Systems Market for Military Surveillance, By Region, 2016–2023 (USD Million)
Table 6 Hyperspectral Imaging Systems Market for Remote Sensing Applications, By Type, 2016–2023 (USD Million)
Table 7 Hyperspectral Imaging Systems Market for Remote Sensing Applications, By Region, 2016–2023 (USD Million)
Table 8 Hyperspectral Imaging Systems Market for Agriculture, By Region, 2016–2023 (USD Million)
Table 9 Hyperspectral Imaging Systems Market for Mining/Mineral Mapping, By Region, 2016–2023 (USD Million)
Table 10 Hyperspectral Imaging Systems Market for Environmental Monitoring, By Region, 2016–2023 (USD Million)
Table 11 Hyperspectral Imaging Systems Market for Other Remote Sensing Applications, By Region, 2016–2023 (USD Million)
Table 12 Hyperspectral Imaging Systems Market for Life Sciences & Medical Diagnostics, By Region, 2016–2023 (USD Million)
Table 13 Hyperspectral Imaging Systems Market for Machine Vision & Optical Sorting, By Region, 2016–2023 (USD Million)
Table 14 Hyperspectral Imaging Systems Market for Other Applications, By Region, 2016–2023 (USD Million)
Table 15 Hyperspectral Imaging Systems Market, By Region, 2016–2023 (USD Million)
Table 16 North America: Hyperspectral Imaging Systems Market, By Country, 2016–2023 (USD Million)
Table 17 North America: Hyperspectral Imaging Systems Market, By Product, 2016–2023 (USD Million)
Table 18 North America: Hyperspectral Imaging Systems Market, By Application, 2016–2023 (USD Million)
Table 19 North America: Hyperspectral Imaging Systems Market for Remote Sensing, By Type, 2016–2023 (USD Million)
Table 20 US: Hyperspectral Imaging Systems Market, By Product, 2016–2023 (USD Million)
Table 21 US: Hyperspectral Imaging Systems Market, By Application, 2016–2023 (USD Million)
Table 22 US: Hyperspectral Imaging Systems Market for Remote Sensing, By Type, 2016–2023 (USD Million)
Table 23 Canada: Hyperspectral Imaging Systems Market, By Product, 2016–2023 (USD Million)
Table 24 Canada: Hyperspectral Imaging Systems Market, By Application, 2016–2023 (USD Million)
Table 25 Canada: Hyperspectral Imaging Systems Market for Remote Sensing, By Type, 2016–2023 (USD Million)
Table 26 Europe: Hyperspectral Imaging Systems Market, By Country, 2016–2023 (USD Million)
Table 27 Europe: Hyperspectral Imaging Systems Market, By Product, 2016–2023 (USD Million)
Table 28 Europe: Hyperspectral Imaging Systems Market, By Application, 2016–2023 (USD Million)
Table 29 Europe: Hyperspectral Imaging Systems Market for Remote Sensing, By Type, 2016–2023 (USD Million)
Table 30 Germany: Hyperspectral Imaging Systems Market, By Product, 2016–2023 (USD Million)
Table 31 Germany: Hyperspectral Imaging Systems Market, By Application, 2016–2023 (USD Million)
Table 32 Germany: Hyperspectral Imaging Systems Market for Remote Sensing, By Type, 2016–2023 (USD Million)
Table 33 France: Hyperspectral Imaging Systems Market, By Product, 2016–2023 (USD Million)
Table 34 France: Hyperspectral Imaging Systems Market, By Application, 2016–2023 (USD Million)
Table 35 France: Hyperspectral Imaging Systems Market for Remote Sensing, By Type, 2016–2023 (USD Million)
Table 36 UK: Hyperspectral Imaging Systems Market, By Product, 2016–2023 (USD Million)
Table 37 UK: Hyperspectral Imaging Systems Market, By Application, 2016–2023 (USD Million)
Table 38 UK: Hyperspectral Imaging Systems Market for Remote Sensing, By Type, 2016–2023 (USD Million)
Table 39 Spain: Hyperspectral Imaging Systems Market, By Product, 2016–2023 (USD Million)
Table 40 Spain: Hyperspectral Imaging Systems Market, By Application, 2016–2023 (USD Million)
Table 41 Spain: Hyperspectral Imaging Systems Market for Remote Sensing, By Type, 2016–2023 (USD Million)
Table 42 Italy: Hyperspectral Imaging Systems Market, By Product, 2016–2023 (USD Million)
Table 43 Italy: Hyperspectral Imaging Systems Market, By Application, 2016–2023 (USD Million)
Table 44 Italy: Hyperspectral Imaging Systems Market for Remote Sensing, By Type, 2016–2023 (USD Million)
Table 45 RoE: Hyperspectral Imaging Systems Market, By Product, 2016–2023 (USD Million)
Table 46 RoE: Hyperspectral Imaging Systems Market, By Application, 2016–2023 (USD Million)
Table 47 RoE: Hyperspectral Imaging Systems Market for Remote Sensing, By Type, 2016–2023 (USD Million)
Table 48 Asia Pacific: Hyperspectral Imaging Systems Market, By Country, 2016–2023 (USD Million)
Table 49 Asia Pacific: Hyperspectral Imaging Systems Market, By Product, 2016–2023 (USD Million)
Table 50 Asia Pacific: Hyperspectral Imaging Systems Market, By Application, 2016–2023 (USD Million)
Table 51 Asia Pacific: Hyperspectral Imaging Systems Market for Remote Sensing, By Type, 2016–2023 (USD Million)
Table 52 China: Hyperspectral Imaging Systems Market, By Product, 2016–2023 (USD Million)
Table 53 China: Hyperspectral Imaging Systems Market, By Application, 2016–2023 (USD Million)
Table 54 China: Hyperspectral Imaging Systems Market for Remote Sensing, By Type, 2016–2023 (USD Million)
Table 55 Japan: Hyperspectral Imaging Systems Market, By Product, 2016–2023 (USD Million)
Table 56 Japan: Hyperspectral Imaging Systems Market, By Application, 2016–2023 (USD Million)
Table 57 Japan: Hyperspectral Imaging Systems Market for Remote Sensing, By Type, 2016–2023 (USD Million)
Table 58 India: Hyperspectral Imaging Systems Market, By Product, 2016–2023 (USD Million)
Table 59 India: Hyperspectral Imaging Systems Market, By Application, 2016–2023 (USD Million)
Table 60 India: Hyperspectral Imaging Systems Market for Remote Sensing, By Type, 2016–2023 (USD Million)
Table 61 RoAPAC: Hyperspectral Imaging Systems Market, By Product, 2016–2023 (USD Million)
Table 62 RoAPAC: Hyperspectral Imaging Systems Market, By Application, 2016–2023 (USD Million)
Table 63 RoAPAC: Hyperspectral Imaging Systems Market for Remote Sensing, By Type, 2016–2023 (USD Million)
Table 64 RoW: Hyperspectral Imaging Systems Market, By Product, 2016–2023 (USD Million)
Table 65 RoW: Hyperspectral Imaging Systems Market, By Application, 2016–2023 (USD Million)
Table 66 RoW: Hyperspectral Imaging Systems Market for Remote Sensing, By Type, 2016–2023 (USD Million)

List of Figures

Figure 1 Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Hyperspectral Imaging Systems Market, By Product, 2018 vs 2023 (USD Billion)
Figure 7 Hyperspectral Imaging Systems Market, By Application, 2018 vs 2023 (USD Billion)
Figure 8 Hyperspectral Imaging Systems Market, By Remote Sensing Application, 2018 to 2023 (USD Billion)
Figure 9 Geographic Snapshot of the Global Hyperspectral Imaging Systems Market
Figure 10 Growing Industrial Applications of Hyperspectral Imaging to Drive Market Growth During the Forecast Period
Figure 11 Hyperspectral Cameras to Account for the Largest Market Share in 2018
Figure 12 Military Surveillance Estimated to Be the Largest Application of Hyperspectral Imaging in 2018
Figure 13 Agriculture Segment to Witness Highest Growth During the Forecast Period
Figure 14 Asia Pacific to Register the Highest Growth During the Forecast Period
Figure 15 Hyperspectral Imaging Systems Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Recent Funding Initiatives in the Hyperspectral Imaging Market
Figure 17 Cameras to Dominate the Hyperspectral Imaging Systems Market, By Product, in 2018
Figure 18 Hyperspectral Imaging Systems Market, By Application, 2018 vs 2023 (USD Million)
Figure 19 North America: Hyperspectral Imaging Systems Market Snapshot
Figure 20 Europe: Hyperspectral Imaging Systems Market Snapshot
Figure 21 Asia Pacific: Hyperspectral Imaging Systems Market Snapshot
Figure 22 RoW: Hyperspectral Imaging Systems Market Snapshot
Figure 23 Key Developments in the Hyperspectral Imaging Systems Market, 2015–2018
Figure 24 Market Evolution Framework: Product Launches Emerge as the Dominant Growth Strategy Adopted By Key Players
Figure 25 Company Snapshot: Corning Incorporated (2017)

Note: Product cover images may vary from those shown
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  • Headwall Photonics, Inc.
  • Corning Incorporated
  • Specim, Spectral Imaging Ltd.
  • Resonon
  • Telops Inc.
  • Norsk Elektro Optikk as (NEO)
  • Applied Spectral Imaging
  • Bayspec
  • Surface Optics Corporation
  • Chemimage Corporation
  • Cubert GmbH
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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