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Hyperspectral Imaging System Market by Product (Camera, Accessories), Technology (Snapshot, Push broom), Application (Military Surveillance, Remote Sensing, Machine Vision/Optical Sorting, Life Sciences & Medical Diagnosis) - Global Forecast to 2024

  • ID: 4876932
  • Report
  • December 2019
  • Region: Global
  • 110 Pages
  • Markets and Markets
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The Global Hyperspectral Imaging (HSI) Systems Market is Projected to Reach USD 25.2 Billion by 2024 from USD 11.1 Billion in 2019

FEATURED COMPANIES

  • Applied Spectral Imaging
  • Camlin Group Ltd.
  • Corning Incorporated
  • Galileo Group, Inc.
  • Hypermed Imaging, Inc.
  • Inno-Spec
  • MORE

Increasing funding and investments and growing industrial applications are expected to drive the overall growth of the hyperspectral imaging systems market.

The global hyperspectral imaging (HSI) systems market is projected to reach USD 25.2 billion by 2024 from USD 11.1 billion in 2019, marking a CAGR of 17.8%. Market growth can largely be attributed to factors such as increasing funding and investments in this field and the growing industrial applications of HSI. The untapped market opportunities in emerging markets are also expected to provide growth opportunities for players in the market. On the other hand, data storage issues and the high costs associated with HSI systems are expected to limit adoption, thereby restricting the market growth during the forecast period. Attaining super-resolution in a cost-effective manner is a major challenge faced by the industry, which may hamper the market growth to a certain extent.

The cameras segment is expected to dominate the market during the forecast period.

On the basis of product, the hyperspectral imaging systems market is segmented into cameras and accessories. Cameras are expected to command a larger share of the hyperspectral imaging systems market, by product, in 2019. Technological advancements, the development of affordable hyperspectral imaging cameras, and the increasing adoption of hyperspectral technology for defence and industrial applications are driving the growth of the hyperspectral cameras segment.

The life sciences and medical diagnostics segment will witness the highest growth in the hyperspectral imaging systems market.

Based on application, the hyperspectral imaging systems market is segmented into military surveillance, remote sensing, machine vision & optical sorting, life sciences & medical diagnostics, and other applications (includes colourimetry, meteorology, thin-film manufacturing, and night vision). The military surveillance segment is estimated to account for the largest share of the hyperspectral imaging systems market in 2019, while the life sciences & medical diagnostics segment is projected to register the highest CAGR during the forecast period. This is attributed to the increasing use of hyperspectral imaging in medical diagnosis and image-guided surgery.

North America will dominate the market during the forecast period.

Geographically, the hyperspectral imaging systems market is segmented into North America, Europe, the Asia Pacific, and Rest of the World. In 2018, North America accounted for the largest share of the hyperspectral imaging systems market. The large share of this region can be attributed to the presence of highly developed research infrastructure, availability of technologically advanced imaging products, and growing adoption of hyperspectral imaging in military surveillance, environmental monitoring, mining, machine vision, and life sciences and diagnostics.

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

  • By Company Type - Tier 1: 30%, Tier 2: 48%, and Tier 3: 22%
  • By Designation - C-level: 28%, D-level: 33%, and Others: 39%
  • By Region - North America: 32%, Europe: 30%, Asia Pacific: 23%, and Rest of the World: 15%

List of Companies Profiled in the Report

  • Headwall Photonics, Inc. (US)
  • Applied Spectral Imaging, Inc. (US)
  • Corning Incorporated (US)
  • Surface Optics Corporation (US)
  • Norsk Elektro Optikk AS (Norway)
  • Resonon, Inc. (US)
  • Specim, Spectral Imaging Ltd. (Finland)
  • Telops, Inc. (Canada)
  • BaySpec, Inc. (US)
  • Cubert GmbH (Germany)
  • inno-spec GmbH (Germany)
  • XIMEA GmbH (Germany)
  • Brandywine Photonics (US)
  • Photon Etc (Canada)
  • imec (Belgium)
  • Galileo Group, Inc. (US)
  • Hypermed Imaging, Inc. (US)
  • Camlin Group (Ireland)
  • ChemImage Corporation (US)
  • Raytheon (US)

Research Coverage:
This report provides a detailed picture of the global hyperspectral imaging systems market. It aims at estimating the size and future growth potential of the market across different segments, such as product, technology, application, and region. The report also includes an in-depth competitive analysis of the key market players, along with their company profiles, recent developments, and key market strategies.

Key Benefits of Buying the Report:
The report will help market leaders/new entrants by providing them with the closest approximations of the revenue numbers for the overall hyperspectral imaging systems market and its subsegments. It will also help stakeholders better understand the competitive landscape and gain more insights to position their business better and make suitable go-to-market strategies. This report will enable stakeholders to understand the pulse of the market and provide them with information on the key market drivers, restraints, opportunities, and challenges.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Applied Spectral Imaging
  • Camlin Group Ltd.
  • Corning Incorporated
  • Galileo Group, Inc.
  • Hypermed Imaging, Inc.
  • Inno-Spec
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.3.2 Markets Covered
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.2 Market Size Estimation and Methodology
2.2.1 Primary-Based Market Estimation
2.2.2 Growth Forecast
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions for the Study

3 Executive Summary

4 Premium Insights
4.1 Hyperspectral Imaging Systems: Market Overview
4.2 Asia Pacific: Market, By Application (2019)
4.3 Market for Remote Sensing Applications, By Type, 2019–2024
4.4 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 Challenges and High Costs
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
6.2.1 Hyperspectral Imaging Cameras to Witness the Highest Growth Owing to Their Increasing Applications in Defense & Industrial Applications
6.3 Accessories
6.3.1 Increase in the Adoption of Hyperspectral Imaging Systems to Support the Adoption of Associated Accessories

7 Hyperspectral Imaging Systems Market, By Technology
7.1 Introduction
7.2 Pushbroom
7.2.1 Pushbroom Technology Segment Dominates the Market
7.3 Snapshot
7.3.1 Snapshot Segment to Witness the Highest Growth During the Forecast Period
7.4 Other Technologies

8 Hyperspectral Imaging Systems Market, By Application
8.1 Introduction
8.2 Military Surveillance
8.2.1 Military Surveillance is the Largest Application Segment of the Market
8.3 Remote Sensing
8.3.1 Agriculture
8.3.1.1 Agriculture is the Largest & Fastest-Growing Segment of the Remote Sensing Applications Market
8.3.2 Mining/Mineral Mapping
8.3.2.1 Hyperspectral Imaging Systems Can Accurately Map Areas That are Spectrally Unique at the Surface to Produce Comprehensive Mineral Maps
8.3.3 Environmental Monitoring
8.3.3.1 Hyperspectral Imaging Systems in Environmental Monitoring are Used to Monitor Natural Disasters
8.3.4 Other Remote Sensing Applications
8.4 Life Sciences & Medical Diagnostics
8.4.1 Life Sciences & Medical Diagnostics Segment to Register the Highest Growth During the Forecast Period
8.5 Machine Vision & Optical Sorting
8.5.1 Growing Focus on Automation to Increase Productivity in Various Industries Will Drive the Market for Machine Vision and Optical Sorting
8.6 Other Applications

9 Hyperspectral Imaging Systems Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 The US Dominates the North American Market
9.2.2 Canada
9.2.2.1 Rising Government Investments and Continuous Technological Developments Will Drive the Market in the Country
9.3 Europe
9.3.1 Germany
9.3.1.1 Germany Dominates the European Market for Hyperspectral Imaging Systems
9.3.2 France
9.3.2.1 Rising Interest in Expanding the Applications of Hyperspectral Imaging is Driving Market Growth
9.3.3 UK
9.3.3.1 Growing Interest in Deploying Hyperspectral Imaging in Research Applications to Drive Market Growth in the UK
9.3.4 Italy
9.3.4.1 Implementation of Hyperspectral Imaging Technology in New Application Areas Will Drive the Italian Market
9.3.5 Spain
9.3.5.1 Advancements in Research are Supporting the Growth of the Spanish Market
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.1.1 Japan Holds the Largest Share of the Market in the Asia Pacific
9.4.2 China
9.4.2.1 China Will Register the Highest CAGR During the Forecast Period in the Asia Pacific Hyperspectral Imaging Market
9.4.3 India
9.4.3.1 Increased Research Will Drive Market Growth in India
9.4.4 Rest of Asia Pacific
9.5 Rest of the World

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking
10.3 Competitive Situation and Trends
10.3.1 Partnerships, Agreements, & Collaborations (2016–2019)
10.3.2 Product Launches (2016–2019)
10.3.3 Acquisitions (2016–2019)
10.3.4 Expansions (2016–2019)
10.4 Competitive Leadership Mapping (2019)
10.4.1 Vendor Inclusion Criteria
10.4.2 Visionary Leaders
10.4.3 Innovators
10.4.4 Dynamic Differentiators
10.4.5 Emerging Companies

11 Company Profiles
11.1 Headwall Photonics, Inc.
11.2 Specim, Spectral Imaging Ltd.
11.3 Norsk Elektro Optikk as (NEO)
11.4 Resonon, Inc.
11.5 Corning Incorporated
11.6 Telops
11.7 Applied Spectral Imaging
11.8 Bayspec, Inc.
11.9 Surface Optics Corporation
11.10 Chemimage Corporation
11.11 Cubert GmbH
11.12 Raytheon
11.13 Galileo Group, Inc.
11.14 Hypermed Imaging, Inc.
11.15 Inno-Spec
11.16 Camlin Group Ltd.
11.17 IMEC
11.18 Other Players

12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: Subscription Portal
12.3 Available Customizations
12.4 Related Reports
12.5 Author Details

List of Tables
Table 1 Recent Funding Initiatives in the Hyperspectral Imaging Market
Table 2 Market, By Product, 2017–2024 (USD Million)
Table 3 Hyperspectral Imaging Cameras Market, By Region, 2017–2024 (USD Million)
Table 4 North America: Hyperspectral Imaging Cameras Market, By Country, 2017–2024 (USD Million)
Table 5 Europe: Hyperspectral Imaging Cameras Market, By Country, 2017–2024 (USD Million)
Table 6 Asia Pacific: Hyperspectral Imaging Cameras Market, By Country, 2017–2024 (USD Million)
Table 7 Hyperspectral Imaging Accessories Market, By Region, 2017–2024 (USD Million)
Table 8 North America: Hyperspectral Imaging Accessories Market, By Country, 2017–2024 (USD Million)
Table 9 Europe: Hyperspectral Imaging Accessories Market, By Country, 2017–2024 (USD Million)
Table 10 Asia Pacific: Hyperspectral Imaging Accessories Market, By Country, 2017–2024 (USD Million)
Table 11 Market, By Technology, 2017–2024 (USD Million)
Table 12 Pushbroom Market, By Region, 2017–2024 (USD Million)
Table 13 North America: Pushbroom Hyperspectral Imaging Systems Market, By Country, 2017–2024 (USD Million)
Table 14 Europe: Pushbroom Hyperspectral Imaging Systems Market, By Country, 2017–2024 (USD Million)
Table 15 Asia Pacific: Pushbroom Hyperspectral Imaging Systems Market, By Country, 2017–2024 (USD Million)
Table 16 Snapshot Market, By Region, 2017–2024 (USD Million)
Table 17 North America: Snapshot Hyperspectral Imaging Systems Market, By Country, 2017–2024 (USD Million)
Table 18 Europe: Snapshot Hyperspectral Imaging Systems Market, By Country, 2017–2024 (USD Million)
Table 19 Asia Pacific: Snapshot Hyperspectral Imaging Systems Market, By Country, 2017–2024 (USD Million)
Table 20 Market for Other Technologies, By Region, 2017–2024 (USD Million)
Table 21 North America: Market for Other Technologies, By Country, 2017–2024 (USD Million)
Table 22 Europe: Market for Other Technologies, By Country, 2017–2024 (USD Million)
Table 23 Asia Pacific: Market for Other Technologies, By Country, 2017–2024 (USD Million)
Table 24 Market, By Application, 2017–2024 (USD Million)
Table 25 Market for Military Surveillance, By Region, 2017–2024 (USD Million)
Table 26 North America: Market for Military Surveillance, By Country, 2017–2024 (USD Million)
Table 27 Europe: Market for Military Surveillance, By Country, 2017–2024 (USD Million)
Table 28 Asia Pacific: Market for Military Surveillance, By Country, 2017–2024 (USD Million)
Table 29 Market for Remote Sensing, By Type, 2017–2024 (USD Million)
Table 30 Market for Remote Sensing, By Region, 2017–2024 (USD Million)
Table 31 North America: Market for Remote Sensing, By Country, 2017–2024 (USD Million)
Table 32 Europe: Market for Remote Sensing, By Country, 2017–2024 (USD Million)
Table 33 Asia Pacific: Market for Remote Sensing, By Country, 2017–2024 (USD Million)
Table 34 Market for Agriculture, By Region, 2017–2024 (USD Million)
Table 35 Market for Mining/Mineral Mapping, By Region, 2017–2024 (USD Million)
Table 36 Market for Environmental Monitoring, By Region, 2017–2024 (USD Million)
Table 37 Market for Other Remote Sensing Applications, By Region, 2017–2024 (USD Million)
Table 38 Market for Life Sciences & Medical Diagnostics, By Region, 2017–2024 (USD Million)
Table 39 North America: Market for Life Sciences & Medical Diagnostics, By Country, 2017–2024 (USD Million)
Table 40 Europe: Market for Life Sciences & Medical Diagnostics, By Country, 2017–2024 (USD Million)
Table 41 Asia Pacific: Market for Life Sciences & Medical Diagnostics, By Country, 2017–2024 (USD Million)
Table 42 Market for Machine Vision & Optical Sorting, By Region, 2017–2024 (USD Million)
Table 43 North America: Market for Machine Vision & Optical Sorting, By Country, 2017–2024 (USD Million)
Table 44 Europe: Market for Machine Vision & Optical Sorting, By Country, 2017–2024 (USD Million)
Table 45 Asia Pacific: Market for Machine Vision & Optical Sorting, By Country, 2017–2024 (USD Million)
Table 46 Market for Other Applications, By Region, 2017–2024 (USD Million)
Table 47 North America: Market for Other Applications, By Country, 2017–2024 (USD Million)
Table 48 Europe: Market for Other Applications, By Country, 2017–2024 (USD Million)
Table 49 Asia Pacific: Market for Other Applications, By Country, 2017–2024 (USD Million)
Table 50 Market, By Region, 2017–2024 (USD Million)
Table 51 North America: Market, By Country, 2017–2024 (USD Million)
Table 52 North America: Market, By Product, 2017–2024 (USD Million)
Table 53 North America: Market, By Application, 2017–2024 (USD Million)
Table 54 North America: Market for Remote Sensing, By Type, 2017–2024 (USD Million)
Table 55 North America: Market, By Technology, 2017–2024 (USD Million)
Table 56 US: Market, By Product, 2017–2024 (USD Million)
Table 57 US: Market, By Application, 2017–2024 (USD Million)
Table 58 US: Market for Remote Sensing, By Type, 2017–2024 (USD Million)
Table 59 US: Market, By Technology, 2017–2024 (USD Million)
Table 60 Canada: Market, By Product, 2017–2024 (USD Million)
Table 61 Canada: Market, By Application, 2017–2024 (USD Million)
Table 62 Canada: Market for Remote Sensing, By Type, 2017–2024 (USD Million)
Table 63 Canada: Market, By Technology, 2017–2024 (USD Million)
Table 64 Europe: Market, By Country, 2017–2024 (USD Million)
Table 65 Europe: Market, By Product, 2017–2024 (USD Million)
Table 66 Europe: Market, By Application, 2017–2024 (USD Million)
Table 67 Europe: Market for Remote Sensing, By Type, 2017–2024 (USD Million)
Table 68 Europe: Hyperspectral Imaging Systems Market, By Technology, 2017–2024 (USD Million)
Table 69 Germany: Market, By Product, 2017–2024 (USD Million)
Table 70 Germany: Market, By Application, 2017–2024 (USD Million)
Table 71 Germany: Market for Remote Sensing, By Type, 2017–2024 (USD Million)
Table 72 Germany: Market, By Technology, 2017–2024 (USD Million)
Table 73 France: Market, By Product, 2017–2024 (USD Million)
Table 74 France: Market, By Application, 2017–2024 (USD Million)
Table 75 France: Market for Remote Sensing, By Type, 2017–2024 (USD Million)
Table 76 France: Market, By Technology, 2017–2024 (USD Million)
Table 77 UK: Market, By Product, 2017–2024 (USD Million)
Table 78 UK: Market, By Application, 2017–2024 (USD Million)
Table 79 UK: Market for Remote Sensing, By Type, 2017–2024 (USD Million)
Table 80 UK: Market, By Technology, 2017–2024 (USD Million)
Table 81 Italy: Market, By Product, 2017–2024 (USD Million)
Table 82 Italy: Market, By Application, 2017–2024 (USD Million)
Table 83 Italy: Market for Remote Sensing, By Type, 2017–2024 (USD Million)
Table 84 Italy: Market, By Technology, 2017–2024 (USD Million)
Table 85 Spain: Market, By Product, 2017–2024 (USD Million)
Table 86 Spain: Market, By Application, 2017–2024 (USD Million)
Table 87 Spain: Market for Remote Sensing, By Type, 2017–2024 (USD Million)
Table 88 Spain: Market, By Technology, 2017–2024 (USD Million)
Table 89 RoE: Market, By Product, 2017–2024 (USD Million)
Table 90 RoE: Market, By Application, 2017–2024 (USD Million)
Table 91 RoE: Market for Remote Sensing, By Type, 2017–2024 (USD Million)
Table 92 RoE: Market, By Technology, 2017–2024 (USD Million)
Table 93 Asia Pacific: Hyperspectral Imaging Systems Market, By Country, 2017–2024 (USD Million)
Table 94 Asia Pacific: Market, By Product, 2017–2024 (USD Million)
Table 95 Asia Pacific: Market, By Application, 2017–2024 (USD Million)
Table 96 Asia Pacific: Market for Remote Sensing, By Type, 2017–2024 (USD Million)
Table 97 Asia Pacific: Market, By Technology, 2017–2024 (USD Million)
Table 98 Japan: Market, By Product, 2017–2024 (USD Million)
Table 99 Japan: Market, By Application, 2017–2024 (USD Million)
Table 100 Japan: Market for Remote Sensing, By Type, 2017–2024 (USD Million)
Table 101 Japan: Market, By Technology, 2017–2024 (USD Million)
Table 102 China: Market, By Product, 2017–2024 (USD Million)
Table 103 China: Market, By Application, 2017–2024 (USD Million)
Table 104 China: Market for Remote Sensing, By Type, 2017–2024 (USD Million)
Table 105 China: Market, By Technology, 2017–2024 (USD Million)
Table 106 India: Market, By Product, 2017–2024 (USD Million)
Table 107 India: Market, By Application, 2017–2024 (USD Million)
Table 108 India: Market for Remote Sensing, By Type, 2017–2024 (USD Million)
Table 109 India: Market, By Technology, 2017–2024 (USD Million)
Table 110 RoAPAC: Market, By Product, 2017–2024 (USD Million)
Table 111 RoAPAC: Market, By Application, 2017–2024 (USD Million)
Table 112 RoAPAC: Market for Remote Sensing, By Type, 2017–2024 (USD Million)
Table 113 RoAPAC: Market, By Technology, 2017–2024 (USD Million)
Table 114 RoW: Market, By Product, 2017–2024 (USD Million)
Table 115 RoW: Market, By Application, 2017–2024 (USD Million)
Table 116 RoW: Market for Remote Sensing, By Type, 2017–2024 (USD Million)
Table 117 RoW: Market, By Technology, 2017–2024 (USD Million)

List of Figures
Figure 1 Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Research Methodology: Hypothesis Building
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Hyperspectral Imaging Systems Market, By Product, 2019 vs. 2024 (USD Billion)
Figure 7 Market, By Technology, 2019 vs. 2024 (USD Billion)
Figure 8 Market, By Application, 2019 vs. 2024 (USD Billion)
Figure 9 Market for Remote Sensing Applications, By Type, 2019–2024 (USD Billion)
Figure 10 Geographic Snapshot of the Market
Figure 11 Growing Industrial Applications of Hyperspectral Imaging to Drive Market Growth During the Forecast Period
Figure 12 Military Surveillance is Estimated to Be the Largest Application Segment in the Hyperspectral Imaging in 2019
Figure 13 Agriculture Segment to Witness Highest Growth During the Forecast Period
Figure 14 China to Register the Highest Growth During the Forecast Period
Figure 15 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 North America: Hyperspectral Imaging Systems Market Snapshot
Figure 17 Europe: Market Snapshot
Figure 18 Asia Pacific: Market Snapshot
Figure 19 RoW: Market Snapshot
Figure 20 Key Developments in the Market, 2017–2019
Figure 21 Market Evolution Framework: Product Launches Emerge as the Dominant Growth Strategy Adopted By Key Players
Figure 22 Vendor Comparison Matrix: Market
Figure 23 Company Snapshot: Corning, Inc.
Figure 24 Company Snapshot: Raytheon

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