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Global Hyperspectral Imaging Systems Market by Product Type (Cameras, System Integrator, Service Provider), Technology (Pushbroom, Snapshot, Tunable Filter, Imaging FTIR, Whiskbroom), Wavelength and Region - Forecast to 2029

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    Report

  • 210 Pages
  • April 2024
  • Region: Global
  • Markets and Markets
  • ID: 5135679
The global hyperspectral imaging systems market is expected to be valued at USD 847 million in 2024 and is projected to reach USD 1,359 million by 2029 and grow at a CAGR of 12.6% from 2024 to 2029. In agriculture, mining, mineral exploration, etc., demand for portable and affordable hyperspectral imaging systems is fuelling market demand.

Other systems by product type segment to account higher CAGR in hyperspectral imaging systems market during the forecast period.

Businesses increasingly seek customized solutions tailored to their needs, driving demand for integrated systems and services. Additionally, as hyperspectral imaging technology becomes more sophisticated, companies rely on expert service providers to navigate complex integration processes and maximize the utility of these systems. Moreover, outsourcing integration and maintenance tasks allow businesses to focus on their core operations, leading to greater efficiency and cost-effectiveness, further driving the growth of system integrators and service providers.

SWIR to account for second highest market share in hyperspectral imaging systems market by wavelength during the forecast period.

IR technology enables enhanced penetration through atmospheric conditions, making it suitable for outdoor and long-distance imaging tasks. Additionally, SWIR cameras offer superior sensitivity to certain materials and substances, making them invaluable for pharmaceuticals, agriculture, and mineral exploration industries. As businesses seek more comprehensive and accurate imaging solutions, the demand for SWIR cameras is anticipated to rise steadily in the coming years.

Other technologies to account for second-highest CAGR by Technology in hyperspectral Imaging systems market.

Other technologies offer unique advantages such as real-time imaging, compact size, and cost-effectiveness, catering to various business needs. Moreover, ongoing technological advancements, such as tunable filter and whiskbroom, continue to enhance performance and expand their potential applications, driving increased adoption and market growth in the coming years.

Europe region growing at second highest CAGR in hyperspectral imaging systems market.

The region's strong focus on environmental sustainability and precision agriculture drives the demand for advanced imaging technologies like hyperspectral cameras. Additionally, supportive government policies and funding initiatives encourage research and development in this field, fostering innovation and market growth. Moreover, the presence of established players and a robust infrastructure for technology adoption further propels the hyperspectral imaging market in Europe.

The study contains various industry experts' insights, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

  • By Company Type: Tier 1 - 38%, Tier 2 - 28%, and Tier 3 - 34%
  • By Designation: C-level Executives - 40%, Directors - 30%, and Others - 30%
  • By Region: North America - 35%, Europe - 35%, Asia Pacific - 20%, and RoW - 10%
The key players operating in the hyperspectral imaging systems market are Bayspec Unc. (US), Resonon Inc. (US), HORIBA (Japan), Norsk Elektro Optikk (Norway), SPECIM, SPECTRAL IMAGING LTD. (Finland) etc.

Research Coverage

he research reports the hyperspectral imaging system market has been segmented based on product type, technology, wavelength, application, and region. The market has been segmented into cameras and other systems based on product type. Other systems include system integrators and service providers. By wavelength type, the market has been segmented into visible and near-infrared (NIR), short-wave infrared (SWIR), mid-wave infrared (MWIR) and long-wave infrared (LWIR). By Application, the market has been divided into monitoring & surveillance, remote sensing & mapping, which further includes agriculture, mining, environmental monitoring and other remote sensing applications. Which other remote sensing applications include colorimetry, meteorology, thin-film manufacturing, and night vision. The market by region has been segmented into North America, Europe, Asia Pacific, and RoW.

The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the retail automation market. A thorough analysis of the key industry players has provided insights into their business overviews, products, key strategies, contracts, partnerships, and agreements. The report also covers new product & and service launches, mergers and acquisitions, and recent developments associated with the hyperspectral imaging systems market. This report covers the competitive analysis of upcoming startups in the hyperspectral imaging system market ecosystem.

Key Benefits of Buying the Report

  • Analysis of key drivers (Emerging applications in industries due to superior spectral and spatial details offered by hyperspectral sensors, Development of more affordable, portable, and user-friendly hyperspectral imaging systems, Increasing funding for R&D focused on enhancing analytical capabilities of hyperspectral imaging technologies), restraints (Need for specialized expertise, Government regulations related to geospatial imagery/ mapping data management limits applications), opportunities (Ongoing miniaturization of sensors enabling deployment in handheld and airborne platforms, Growing industry collaboration, Recognition of potential use of hyperspectral imaging systems across various sectors), and challenges (Lack of standardized data formats and processing methods, Management and storage of sizeable hyperspectral imagery datasets and high-resolution maps) influencing the growth of the hyperspectral imaging systems market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the hyperspectral imaging systems market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the hyperspectral imaging systems market across varied regions.
  • Market Diversification: Exhaustive information about new products/services, untapped geographies, recent developments, and investments in the hyperspectral imaging systems market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Bayspec Unc. (US), Resonon Inc. (US), HORIBA (Japan), Norsk Elektro Optikk (Norway), SPECIM, SPECTRAL IMAGING LTD. (Finland) etc.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 Hyperspectral Imaging Systems Market Segmentation
1.3.2 Regional Scope
1.3.3 Inclusions and Exclusions
1.3.4 Years Considered
1.4 Currency Considered
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes
1.9 Recession Impact
2 Research Methodology
2.1 Research Data
Figure 2 Hyperspectral Imaging Systems Market: Research Design
2.1.1 Secondary and Primary Research
Figure 3 Hyperspectral Imaging Systems Market: Research Approach
2.1.2 Secondary Data
2.1.2.1 List of Major Secondary Sources
2.1.2.2 Key Data from Secondary Sources
2.1.3 Primary Data
2.1.3.1 Intended Participants and Key Opinion Leaders in Primary Interviews
2.1.3.2 List of Major Participants in Primary Interviews
2.1.3.3 Breakdown of Primaries
2.1.3.4 Key Data from Primary Sources
2.1.3.5 Key Industry Insights
2.2 Market Size Estimation Methodology
Figure 4 Hyperspectral Imaging Systems Market: Market Size Estimation Methodology
2.2.1 Bottom-Up Approach
2.2.1.1 Approach to Estimate Market Size Using Bottom-Up Analysis (Demand Side)
Figure 5 Hyperspectral Imaging Systems Market: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach to Estimate Market Size Using Top-Down Analysis (Supply Side)
Figure 6 Hyperspectral Imaging Systems Market: Top-Down Approach
Figure 7 Hyperspectral Imaging Systems Market: Supply-Side Analysis
2.3 Data Triangulation
Figure 8 Hyperspectral Imaging Systems Market: Data Triangulation
2.4 Research Assumptions
Table 1 Hyperspectral Imaging Systems Market: Research Assumptions
2.5 Research Limitations
Figure 9 Hyperspectral Imaging Systems Market: Research Limitations
2.6 Risk Assessment
Table 2 Hyperspectral Imaging Systems Market: Risk Assessment
2.7 Parameters Considered to Analyze Impact of Recession on Hyperspectral Imaging Systems Market
Table 3 Hyperspectral Imaging Systems Market: Parameters Considered to Analyze Impact of Recession
3 Executive Summary
Figure 10 Services Segment to Hold Larger Market Share in 2024
Figure 11 Visible & Nir Hyperspectral Imaging Systems to Capture Largest Market Share in 2029
Figure 12 Research & Medical Diagnosis Segment to Exhibit Highest CAGR During Forecast Period
Figure 13 Pushbroom/Line Scan Segment to Dominate Market Throughout Forecast Period
Figure 14 North America to Account for Largest Market Share in 2024
4 Premium Insights
4.1 Attractive Opportunities for Players in Hyperspectral Imaging Systems Market
Figure 15 Development of More Affordable, Portable, and User-Friendly Hyperspectral Imaging Systems to Boost Market Growth
4.2 Hyperspectral Imaging Systems Market, by Wavelength
Figure 16 Lwir Segment to Register Highest CAGR in Hyperspectral Imaging Systems Market, by Wavelength, During Forecast Period
4.3 Hyperspectral Imaging Systems Market, by Application
Figure 17 Monitoring & Surveillance Applications to Lead Market in 2029
4.4 Hyperspectral Imaging Systems Market, by Technology
Figure 18 Pushbroom/Line Scan Technology to Dominate Market Throughout Forecast Period
4.5 Hyperspectral Imaging Systems Market in North America, by Application and Country
Figure 19 Monitoring & Surveillance Segment and US Held Largest Shares of North American Market in 2023
4.6 Hyperspectral Imaging Systems Market, by Country
Figure 20 Japan to Exhibit Highest CAGR in Global Hyperspectral Imaging Systems Market During Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 21 Hyperspectral Imaging Systems Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
Figure 22 Hyperspectral Imaging Systems Market: Impact Analysis of Drivers
5.2.1.1 Significant Demand for Hyperspectral Imaging from Diverse Industries
5.2.1.2 Development of Affordable, Portable, and User-Friendly Hyperspectral Imaging Systems
5.2.1.3 Increasing Funding for R&D to Enhance Analytical Ability of Hyperspectral Imaging Products
5.2.2 Restraints
Figure 23 Hyperspectral Imaging Systems Market: Impact Analysis of Restraints
5.2.2.1 Need for Specialized Expertise to Navigate Complexities of Hyperspectral Imaging Technology
5.2.2.2 Lack of Standardized Data Formats and Processing Methods
5.2.2.3 Stringent Government Regulations About Geospatial Imagery and Mapping Data Management
5.2.3 Opportunities
Figure 24 Hyperspectral Imaging Systems Market: Impact Analysis of Opportunities
5.2.3.1 Ongoing Miniaturization of Sensors Enabling Deployment in Handheld and Airborne Platforms
5.2.3.2 Collaborations Among Industry Players
5.2.4 Challenges
Figure 25 Hyperspectral Imaging Systems Market: Impact Analysis of Challenges
5.2.4.1 Management and Storage of Large Hyperspectral Imagery Datasets and High-Resolution Maps
5.3 Supply Chain Analysis
Figure 26 Hyperspectral Imaging Systems Market: Supply Chain Analysis
5.4 Ecosystem Analysis
Figure 27 Key Players in Ecosystem
Table 4 Role of Players in Ecosystem
5.5 Trends/Disruptions Impacting Customer Business
Figure 28 Trends/Disruptions Influencing Customer Business
5.6 Pricing Analysis
5.6.1 Indicative Pricing Trend of Hyperspectral Cameras, by Key Player
Figure 29 Indicative Pricing Trend of Hyperspectral Cameras Offered by Key Players, 2023 (USD)
Table 5 Indicative Pricing Trend of Hyperspectral Cameras Offered by Key Players, 2023 (USD Thousand)
5.6.2 Average Selling Price Trend of Hyperspectral Cameras, by Wavelength
Figure 30 Average Selling Price Trend of Hyperspectral Cameras, by Wavelength, 2020-2023 (USD Thousand)
5.6.3 Average Selling Price Trend, by Region
Figure 31 Average Selling Price Trend of Hyperspectral Cameras, by Region, 2020-2024 (USD Thousand)
5.7 Technology Analysis
5.7.1 Key Technology
5.7.1.1 Hyperspectral Cameras with Higher Spatial and Spectral Resolution
5.7.1.2 Advanced Sensors and Optics for Spectral Range Expansion in Hyperspectral Imaging Systems
5.7.1.3 Long-Wave Infrared (Lwir) Sensors in Hyperspectral Imaging Systems
5.7.2 Complementary Technology
5.7.2.1 Integration of Cloud Computing, Artificial Intelligence, Machine Learning, and Deep Learning in Hyperspectral Imaging Systems
5.7.2.2 Enhanced Signal Processing Methods in Hyperspectral Imaging
5.7.3 Adjacent Technology
5.7.3.1 Advanced Spectral Unmixing Techniques in Hyperspectral Imaging
5.8 Porter's Five Forces Analysis
Table 6 Hyperspectral Imaging Systems Market: Porter's Five Forces Analysis
Figure 32 Hyperspectral Imaging Systems Market: Porter's Five Forces Analysis
5.8.1 Threat of New Entrants
5.8.2 Threat of Substitutes
5.8.3 Bargaining Power of Suppliers
5.8.4 Bargaining Power of Buyers
5.8.5 Intensity of Competitive Rivalry
5.9 Key Stakeholders and Buying Criteria
5.9.1 Key Stakeholders in Buying Process
Figure 33 Key Stakeholders in Buying Process for Top 3 Applications
Table 7 Influence of Stakeholders on Buying Process for Top 3 Applications
5.9.2 Buying Criteria
Figure 34 Key Buying Criteria for Top 3 Applications
Table 8 Key Buying Criteria for Top 3 Applications
5.10 Case Study Analysis
5.10.1 Waste Robotics Adopted Specim One Hyperspectral Imaging Platform Offered by Specim to Address Waste Management Challenges
5.10.2 Orbital Sidekick Integrated Corning's Hyperspectral Imaging Sensors into Its Ghost Constellation to Detect Greenhouse Gas Leaks and Other Environmental Threats
5.10.3 Agricola Moderna Implemented Specim's Fx10E Product to Maximize Efficiency of Farming Operations
5.10.4 Integration of Hypermed's Hyperview System into Surgical and Wound Healing Diagnostic Tools to Assess Microcirculatory Performance and Oxygen Delivery
5.11 Investment and Funding Scenario
Figure 35 Funds Raised by Pixxel - Startup in Hyperspectral Imaging Systems Market
5.12 Trade Analysis
5.12.1 Import Scenario (HS Code 902730)
Table 9 Import Scenario for HS Code 902730, by Country, 2018-2022 (USD Thousand)
Figure 36 Import Data for HS Code 902730, by Country, 2018-2022 (USD Thousand)
5.12.2 Export Scenario (HS Code 902730)
Table 10 Export Scenario for HS Code 902730, by Country, 2018-2022 (USD Thousand)
Figure 37 Export Data for HS Code 902730, by Country, 2018-2022 (USD Thousand)
5.13 Patent Analysis
Table 11 Hyperspectral Imaging Systems Market: List of Patents, 2022-2023
Figure 38 Number of Patents Granted and Applied, 2013-2023
5.14 Key Conferences and Events
Table 12 Hyperspectral Imaging Systems Market: Key Conferences and Events, 2024-2025
5.15 Regulatory Landscape
5.15.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 14 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 15 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 16 RoW: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.15.2 Standards and Regulations
6 Hyperspectral Imaging Systems Market, by Offering
6.1 Introduction
Figure 39 Hyperspectral Imaging Systems Market, by Offering
Figure 40 Hyperspectral Imaging Systems Market for Cameras, 2020-2029 (Units)
Table 17 Hyperspectral Imaging Systems Market for Cameras, 2020-2023 (Units)
Table 18 Hyperspectral Imaging Systems Market for Cameras, 2024-2029 (Units)
Figure 41 Cameras to Register Higher CAGR in Hyperspectral Imaging Systems Market, by Offering, During Forecast Period
Table 19 Offering: Hyperspectral Imaging Systems Market, 2020-2023 (USD Million)
Table 20 Offering: Hyperspectral Imaging Systems Market, 2024-2029 (USD Million)
6.2 Cameras
6.2.1 Rising Focus of Industries on Regulatory Compliance and Product Innovation to Drive Market
Table 21 Cameras: Hyperspectral Imaging Systems Market, by Region, 2020-2023 (USD Million)
Table 22 Cameras: Hyperspectral Imaging Systems Market, by Region, 2024-2029 (USD Million)
6.3 Services
6.3.1 Need for Tailored Hyperspectral Solutions to Fuel Segmental Growth
Table 23 Services: Hyperspectral Imaging Systems Market, by Region, 2020-2023 (USD Million)
Table 24 Services: Hyperspectral Imaging Systems Market, by Region, 2024-2029 (USD Million)
7 Hyperspectral Imaging Systems Market, by Wavelength
7.1 Introduction
Figure 42 Lwir Segment to Register Highest CAGR in Hyperspectral Imaging Systems Market During Forecast Period
Table 25 Hyperspectral Imaging Systems Market, by Wavelength, 2020-2023 (USD Million)
Table 26 Hyperspectral Imaging Systems Market, by Wavelength, 2024-2029 (USD Million)
7.2 Visible & Nir
7.2.1 Surging Need to Identify Differences in Materials, Detect Anomalies, and Assess Biochemical Properties with Higher Precision and Accuracy to Fuel Segmental Growth
Table 27 Visible & Nir: Hyperspectral Imaging Systems Market, by Technology, 2020-2023 (USD Million)
Table 28 Visible & Nir: Hyperspectral Imaging Systems Market, by Technology, 2024-2029 (USD Million)
7.3 Swir
7.3.1 Growing Adoption in Security & Surveillance Applications to Foster Segmental Growth
Table 29 Swir: Hyperspectral Imaging Systems Market, by Technology, 2020-2023 (USD Million)
Table 30 Swir: Hyperspectral Imaging Systems Market, by Technology, 2024-2029 (USD Million)
7.4 Mwir
7.4.1 Rising Use in Thermal Emission Detection and Industrial Inspections to Support Segmental Growth
Table 31 Mwir: Hyperspectral Imaging Systems Market, by Technology, 2020-2023 (USD Million)
Table 32 Mwir: Hyperspectral Imaging Systems Market, by Technology, 2024-2029 (USD Million)
7.5 Lwir
7.5.1 Increasing Deployment in UAVs and Satellites to Accelerate Segmental Growth
Table 33 Lwir: Hyperspectral Imaging Systems Market, by Technology, 2020-2023 (USD Million)
Table 34 Lwir: Hyperspectral Imaging Systems Market, by Technology, 2024-2029 (USD Million)
8 Hyperspectral Imaging Systems Market, by Technology
8.1 Introduction
Figure 43 Snapshot Technology to Register Highest CAGR in Hyperspectral Imaging Systems Market During Forecast Period
Table 35 Hyperspectral Imaging Systems Market, by Technology, 2020-2023 (USD Million)
Table 36 Hyperspectral Imaging Systems Market, by Technology, 2024-2029 (USD Million)
8.2 Pushbroom/Line Scan
8.2.1 Precision Agriculture, Geological Surveying, and Oceanography Applications to Contribute to Market Growth
Table 37 Pushbroom/Line Scan: Hyperspectral Imaging Systems Market, by Wavelength, 2020-2023 (USD Million)
Table 38 Pushbroom/Line Scan: Hyperspectral Imaging Systems Market, by Wavelength, 2024-2029 (USD Million)
Table 39 Pushbroom/Line Scan: Hyperspectral Imaging Systems Market, by Region, 2020-2023 (USD Million)
Table 40 Pushbroom/Line Scan: Hyperspectral Imaging Systems Market, by Region, 2024-2029 (USD Million)
8.3 Snapshot
8.3.1 Medical Diagnostics, Mobile Devices, and Environmental Monitoring Applications to Drive Market
Table 41 Snapshot: Hyperspectral Imaging Systems Market, by Wavelength, 2020-2023 (USD Million)
Table 42 Snapshot: Hyperspectral Imaging Systems Market, by Wavelength, 2024-2029 (USD Million)
Table 43 Snapshot: Hyperspectral Imaging Systems Market, by Region, 2020-2023 (USD Million)
Table 44 Snapshot: Hyperspectral Imaging Systems Market, by Region, 2024-2029 (USD Million)
8.4 Other Technologies
Table 45 Other Technologies: Hyperspectral Imaging Systems Market, by Wavelength, 2020-2023 (USD Million)
Table 46 Other Technologies: Hyperspectral Imaging Systems Market, by Wavelength, 2024-2029 (USD Million)
Table 47 Other Technologies: Hyperspectral Imaging Systems Market, by Region, 2020-2023 (USD Million)
Table 48 Other Technologies: Hyperspectral Imaging Systems Market, by Region, 2024-2029 (USD Million)
9 Hyperspectral Imaging Systems Market, by Application
9.1 Introduction
Figure 44 Research & Medical Diagnosis Segment to Register Highest CAGR in Hyperspectral Imaging Systems Market During Forecast Period
Table 49 Hyperspectral Imaging Systems Market, by Application, 2020-2023 (USD Million)
Table 50 Hyperspectral Imaging Systems Market, by Application, 2024-2029 (USD Million)
9.2 Monitoring & Surveillance
9.2.1 Growing Demand for Security & Surveillance Solutions from Government Entities to Drive Market
Table 51 Monitoring & Surveillance: Hyperspectral Imaging Systems Market, by Region, 2020-2023 (USD Million)
Table 52 Monitoring & Surveillance: Hyperspectral Imaging Systems Market, by Region, 2024-2029 (USD Million)
9.3 Remote Sensing & Mapping
Table 53 Remote Sensing & Mapping: Hyperspectral Imaging Systems Market, by Region, 2020-2023 (USD Million)
Table 54 Remote Sensing & Mapping: Hyperspectral Imaging Systems Market, by Region, 2024-2029 (USD Million)
Table 55 Remote Sensing & Mapping: Hyperspectral Imaging Systems Market, by Type, 2020-2023 (USD Million)
Table 56 Remote Sensing & Mapping: Hyperspectral Imaging Systems Market, by Type, 2024-2029 (USD Million)
9.3.1 Agriculture
9.3.1.1 Rising Adoption of Precision Agricultural Practices to Boost Demand
Table 57 Agriculture: Hyperspectral Imaging Systems Market, by Region, 2020-2023 (USD Million)
Table 58 Agriculture: Hyperspectral Imaging Systems Market, by Region, 2024-2029 (USD Million)
9.3.2 Mining
9.3.2.1 Increasing Use of Hyperspectral Imaging Technology in Oil and Mineral Exploration to Foster Market Growth
Table 59 Mining: Hyperspectral Imaging Systems Market, by Region, 2020-2023 (USD Million)
Table 60 Mining: Hyperspectral Imaging Systems Market, by Region, 2024-2029 (USD Million)
9.3.3 Environmental Monitoring
9.3.3.1 Increasing Environmental Awareness to Contribute to Market Growth
Table 61 Environmental Monitoring: Hyperspectral Imaging Systems Market, by Region, 2020-2023 (USD Million)
Table 62 Environmental Monitoring: Hyperspectral Imaging Systems Market, by Region, 2024-2029 (USD Million)
9.3.4 Other Remote Sensing & Mapping Applications
Table 63 Other Remote Sensing & Mapping Applications: Hyperspectral Imaging Systems Market, by Region, 2020-2023 (USD Million)
Table 64 Other Remote Sensing & Mapping Applications: Hyperspectral Imaging Systems Market, by Region, 2024-2029 (USD Million)
9.4 Machine Vision & Optical Sorting
9.4.1 Growing Demand for Machine Vision Technology by Semiconductor Manufacturers to Support Market Growth
Table 65 Machine Vision & Optical Sorting: Hyperspectral Imaging Systems Market, by Region, 2020-2023 (USD Million)
Table 66 Machine Vision & Optical Sorting: Hyperspectral Imaging Systems Market, by Region, 2024-2029 (USD Million)
9.5 Research & Medical Diagnosis
9.5.1 Strong Focus on Precise Diagnosis and Drug Development to Stimulate Market Growth
Table 67 Research & Medical Diagnosis: Hyperspectral Imaging Systems Market, by Region, 2020-2023 (USD Million)
Table 68 Research & Medical Diagnosis: Hyperspectral Imaging Systems Market, by Region, 2024-2029 (USD Million)
9.6 Other Applications
Table 69 Other Applications: Hyperspectral Imaging Systems Market, by Region, 2020-2023 (USD Million)
Table 70 Other Applications: Hyperspectral Imaging Systems Market, by Region, 2024-2029 (USD Million)
10 Hyperspectral Imaging Systems Market, by Region
10.1 Introduction
Figure 45 Regional Split of Hyperspectral Imaging Systems Market
Figure 46 Hyperspectral Imaging Systems Market in Asia-Pacific to Grow at Highest CAGR from 2024 to 2029
Table 71 Hyperspectral Imaging Systems Market: by Region, 2020-2023 (USD Million)
Table 72 Hyperspectral Imaging Systems Market: by Region, 2024-2029 (USD Million)
10.2 North America
Figure 47 North America: Hyperspectral Imaging Systems Market Snapshot
Table 73 North America: Hyperspectral Imaging Systems Market, by Offering, 2020-2023 (USD Million)
Table 74 North America: Hyperspectral Imaging Systems Market, by Offering, 2024-2029 (USD Million)
Table 75 North America: Hyperspectral Imaging Systems Market, by Technology, 2020-2023 (USD Million)
Table 76 North America: Hyperspectral Imaging Systems Market, by Technology, 2024-2029 (USD Million)
Table 77 North America: Hyperspectral Imaging Systems Market, by Application, 2020-2023 (USD Million)
Table 78 North America: Hyperspectral Imaging Systems Market, by Application, 2024-2029 (USD Million)
Table 79 North America: Hyperspectral Imaging Systems Market for Remote Sensing & Mapping Applications, by Type, 2020-2023 (USD Million)
Table 80 North America: Hyperspectral Imaging Systems Market for Remote Sensing & Mapping Applications, by Type, 2024-2029 (USD Million)
Table 81 North America: Hyperspectral Imaging Systems Market, by Country, 2020-2023 (USD Million)
Table 82 North America: Hyperspectral Imaging Systems Market, by Country, 2024-2029 (USD Million)
10.2.1 North America: Recession Impact
10.2.2 US
10.2.2.1 Collaborations Between Hyperspectral Imaging Technology Providers and Government/Private Organizations to Accelerate Market Growth
10.2.3 Canada
10.2.3.1 Government Policies Encouraging Innovation and Commercialization of Hyperspectral Imaging Technology to Drive Market
10.2.4 Mexico
10.2.4.1 Increased Use of Hyperspectral Imaging Technology in Agriculture and Geology to Drive Market
10.3 Europe
Figure 48 Europe: Hyperspectral Imaging Systems Market Snapshot
Table 83 Europe: Hyperspectral Imaging Systems Market, by Offering, 2020-2023 (USD Million)
Table 84 Europe: Hyperspectral Imaging Systems Market, by Offering, 2024-2029 (USD Million)
Table 85 Europe: Hyperspectral Imaging Systems Market, by Technology, 2020-2023 (USD Million)
Table 86 Europe: Hyperspectral Imaging Systems Market, by Technology, 2024-2029 (USD Million)
Table 87 Europe: Hyperspectral Imaging Systems Market, by Application, 2020-2023 (USD Million)
Table 88 Europe: Hyperspectral Imaging Systems Market, by Application, 2024-2029 (USD Million)
Table 89 Europe: Hyperspectral Imaging Systems Market for Remote Sensing & Mapping, by Type, 2020-2023 (USD Million)
Table 90 Europe: Hyperspectral Imaging Systems Market for Remote Sensing & Mapping, by Type, 2024-2029 (USD Million)
Table 91 Europe: Hyperspectral Imaging Systems Market, by Country, 2020-2023 (USD Million)
Table 92 Europe: Hyperspectral Imaging Systems Market, by Country, 2024-2029 (USD Million)
10.3.1 Europe: Recession Impact
10.3.2 Germany
10.3.2.1 Friendly Policy Framework and R&D Funding by Government to Create Opportunities for Hyperspectral Imaging Technology Providers
10.3.3 France
10.3.3.1 Growing Interest in Environmental Monitoring and Precision Farming to Boost Demand
10.3.4 Uk
10.3.4.1 Technology Advances and Research Activities to Create Potential for Hyperspectral Imaging Technology in Newer Applications
10.3.5 Italy
10.3.5.1 Implementation of Hyperspectral Sensors for Remote Sensing and Land Vegetation to Drive Market
10.3.6 Spain
10.3.6.1 Significant Focus on Reducing Textile Waste to Stimulate Hyperspectral Imaging Technology Demand
10.3.7 Rest of Europe
10.4 Asia-Pacific
Figure 49 Asia-Pacific: Hyperspectral Imaging Systems Market Snapshot
Table 93 Asia-Pacific: Hyperspectral Imaging Systems Market, by Offering, 2020-2023 (USD Million)
Table 94 Asia-Pacific: Hyperspectral Imaging Systems Market, by Offering, 2024-2029 (USD Million)
Table 95 Asia-Pacific: Hyperspectral Imaging Systems Market, by Technology, 2020-2023 (USD Million)
Table 96 Asia-Pacific: Hyperspectral Imaging Systems Market, by Technology, 2024-2029 (USD Million)
Table 97 Asia-Pacific: Hyperspectral Imaging Systems Market, by Application, 2020-2023 (USD Million)
Table 98 Asia-Pacific: Hyperspectral Imaging Systems Market, by Application, 2024-2029 (USD Million)
Table 99 Asia-Pacific: Hyperspectral Imaging Systems Market for Remote Sensing & Mapping, by Type, 2020-2023 (USD Million)
Table 100 Asia-Pacific: Hyperspectral Imaging Systems Market for Remote Sensing & Mapping, by Type, 2024-2029 (USD Million)
Table 101 Asia-Pacific: Hyperspectral Imaging Systems Market, by Country, 2020-2023 (USD Million)
Table 102 Asia-Pacific: Hyperspectral Imaging Systems Market, by Country, 2024-2029 (USD Million)
10.4.1 Asia-Pacific: Recession Impact
10.4.2 China
10.4.2.1 Growing Use of Hyperspectral Imaging Technology in Remote Sensing Satellites to Drive Market
10.4.3 Japan
10.4.3.1 Rising Focus on Developing Hyperspectral Imaging Systems for Emerging Applications to Create Lucrative Opportunities
10.4.4 India
10.4.4.1 Growing Use of Hyperspectral Imaging in Scientific Research to Foster Market Growth
10.4.5 Rest of Asia-Pacific
10.5 Rest of the World (RoW)
Table 103 RoW: Hyperspectral Imaging Systems Market, by Offering, 2020-2023 (USD Million)
Table 104 RoW: Hyperspectral Imaging Systems Market, by Offering, 2024-2029 (USD Million)
Table 105 RoW: Hyperspectral Imaging Systems Market, by Technology, 2020-2023 (USD Million)
Table 106 RoW: Hyperspectral Imaging Systems Market, by Technology, 2024-2029 (USD Million)
Table 107 RoW: Hyperspectral Imaging Systems Market, by Application, 2020-2023 (USD Million)
Table 108 RoW: Hyperspectral Imaging Systems Market, by Application, 2024-2029 (USD Million)
Table 109 RoW: Hyperspectral Imaging Systems Market for Remote Sensing & Mapping, by Type, 2020-2023 (USD Million)
Table 110 RoW: Hyperspectral Imaging Systems Market for Remote Sensing & Mapping, by Type, 2024-2029 (USD Million)
Table 111 RoW: Hyperspectral Imaging Systems Market, by Region, 2020-2023 (USD Million)
Table 112 RoW: Hyperspectral Imaging Systems Market, by Region, 2024-2029 (USD Million)
10.5.1 RoW: Recession Impact
10.5.2 Middle East & Africa
10.5.2.1 Increasing Use of Hyperspectral Imaging Technology in Remote Sensing and Environmental Monitoring Applications to Support Market Growth
10.5.3 South America
10.5.3.1 Elevating Demand for Hyperspectral Imaging in Mapping Natural Resources to Fuel Market Growth
11 Competitive Landscape
11.1 Overview
11.2 Key Player Strategies/Right to Win, 2020-2023
Table 113 Overview of Strategies Adopted by Major Companies, 2020-2023
11.3 Revenue Analysis, 2019-2023
Figure 50 Revenue Analysis of Key Players in Hyperspectral Imaging Systems Market, 2019-2023
11.4 Market Share Analysis, 2023
Table 114 Hyperspectral Imaging Systems Market: Degree of Competition, 2023
Figure 51 Market Share Analysis of Major Players, 2023
11.5 Company Valuation and Financial Metrics
Figure 52 Company Valuation (USD Million), 2023
Figure 53 Financial Metrics (EV/Ebitda), 2023
11.6 Brand/Product Comparison
Figure 54 Brand/Product Comparison
11.7 Company Evaluation Matrix: Key Players, 2023
11.7.1 Stars
11.7.2 Emerging Leaders
11.7.3 Pervasive Players
11.7.4 Participants
Figure 55 Hyperspectral Imaging Systems Market: Company Evaluation Matrix (Key Players), 2023
11.7.5 Company Footprint: Key Players, 2023
11.7.5.1 Company Footprint
Figure 56 Hyperspectral Imaging Systems Market: Company Footprint
11.7.5.2 Region Footprint
Table 115 Hyperspectral Imaging Systems Market: Region Footprint
11.7.5.3 Technology Footprint
Table 116 Hyperspectral Imaging Systems Market: Technology Footprint
11.7.5.4 Wavelength Footprint
Table 117 Hyperspectral Imaging Systems Market: Wavelength Footprint
11.7.5.5 Application Footprint
Table 118 Hyperspectral Imaging Systems Market: Application Footprint
11.8 Company Evaluation Matrix: Startups/SMEs, 2023
11.8.1 Progressive Companies
11.8.2 Responsive Companies
11.8.3 Dynamic Companies
11.8.4 Starting Blocks
Figure 57 Hyperspectral Imaging Systems Market: Company Evaluation Matrix (SMEs/Startups), 2023
11.8.5 Competitive Benchmarking: Key Startups/SMEs, 2023
11.8.5.1 Detailed List of Startups/SMEs
Table 119 Hyperspectral Imaging Systems Market: List of Key Startups/SMEs
11.8.5.2 Competitive Benchmarking of Key Startups/SMEs
Table 120 Hyperspectral Imaging Systems Market: Competitive Benchmarking of Key Startups/SMEs
11.9 Competitive Scenario and Trends
11.9.1 Product Launches
Table 121 Hyperspectral Imaging Systems Market: Product Launches, January 2020-March 2024
11.9.2 Deals
Table 122 Hyperspectral Imaging Systems Market: Deals, January 2020-March 2024
11.9.3 Others
Table 123 Hyperspectral Imaging Systems Market: Others, January 2020-March 2024
12 Company Profiles
(Business Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View)*
12.1 Key Players
12.1.1 Specim, Spectral Imaging Ltd.
Table 124 Specim, Spectral Imaging Ltd.: Company Overview
Table 125 Specim, Spectral Imaging Ltd.: Products/Solutions/Services Offered
Table 126 Specim, Spectral Imaging Ltd.: Product/Service Launches
Table 127 Specim, Spectral Imaging Ltd.: Deals
Table 128 Specim, Spectral Imaging Ltd.: Others
12.1.2 Corning Incorporated
Table 129 Corning Incorporated: Company Overview
Figure 58 Corning Incorporated: Company Snapshot
Table 130 Corning Incorporated: Products/Solutions/Services Offered
Table 131 Corning Incorporated: Deals
12.1.3 Horiba
Table 132 Horiba: Company Overview
Figure 59 Horiba: Company Snapshot
Table 133 Horiba: Products/Solutions/Services Offered
Table 134 Horiba: Deals
12.1.4 Norsk Elektro Optikk
Table 135 Norsk Elektro Optikk: Company Overview
Table 136 Norsk Elektro Optikk: Products/Solutions/Services Offered
12.1.5 Telops
Table 137 Telops: Company Overview
Table 138 Telops: Products/Solutions/Services Offered
Table 139 Telops: Deals
12.1.6 Malvern Panalytical Ltd
Table 140 Malvern Panalytical Ltd.: Company Overview
Table 141 Malvern Palanytical Ltd.: Products/Solutions/Services Offered
12.1.7 Headwall Photonics Inc
Table 142 Headwall Photonics Inc.: Company Overview
Table 143 Headwall Photonics Inc.: Products/Solutions/Services Offered
Table 144 Headwall Photonics Inc.: Deals
12.1.8 Bayspec, Inc.
Table 145 Beyspec, Inc.: Company Overview
Table 146 Bayspec, Inc.: Products/Solutions/Services Offered
12.1.9 Resonon Inc.
Table 147 Resonon Inc.: Company Overview
Table 148 Resonon Inc.: Products/Solutions/Services Offered
Table 149 Resonon Inc.: Product/Service Launches
Table 150 Resonon Inc.: Deals
12.1.10 Cubert GmbH
Table 151 Cubert GmbH: Company Overview
Table 152 Cubert GmbH: Products/Solutions/Services Offered
Table 153 Cubert GmbH: Product/Service Launches
12.2 Other Players
12.2.1 Pixxel
12.2.2 Hypermed Imaging, Inc.
12.2.3 Imec
12.2.4 Inno-Spec GmbH
12.2.5 Ornet Sdn Bhds
12.2.6 Cytoviva, Inc.
12.2.7 Diaspective Vision
12.2.8 Gamaya
12.2.9 Hinalea Imaging Corp.
12.2.10 Orbital Sidekick
12.2.11 Photon Etc
12.2.12 Clydehsi
12.2.13 Glana Sensors Ab
12.2.14 Surface Optics Corporation
12.2.15 Brandywine Photonics
*Details on Business Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies
13 Appendix
13.1 Insights from Industry Experts
13.2 Discussion Guide
13.3 Knowledgestore: The Subscription Portal
13.4 Customization Options

Companies Mentioned

  • Specim, Spectral Imaging Ltd.
  • Corning Incorporated
  • Horiba
  • Norsk Elektro Optikk
  • Telops
  • Malvern Panalytical Ltd
  • Headwall Photonics Inc
  • Bayspec, Inc.
  • Resonon Inc.
  • Cubert GmbH
  • Pixxel
  • Hypermed Imaging, Inc.
  • Imec
  • Inno-Spec GmbH
  • Ornet Sdn Bhds
  • Cytoviva, Inc.
  • Diaspective Vision
  • Gamaya
  • Hinalea Imaging Corp.
  • Orbital Sidekick
  • Photon Etc
  • Clydehsi
  • Glana Sensors Ab
  • Surface Optics Corporation
  • Brandywine Photonics