Hyperspectral Imaging Systems Market worth $42.96 bill by 2027


Posted January 28, 2022 by RosyW_2020

According to research report the global hyperspectral imaging systems market is projected to reach $42.96 billion by 2027
 
According to research report the global hyperspectral imaging systems market is projected to reach USD 42.96 billion by 2027 from USD 9.51 billion in 2018, at a CAGR of 17.5%.

The growing industrial applications of hyperspectral imaging and increasing funding & investments are the major factors driving the growth of the global hyperspectral imaging systems market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=246979343

by product, the cameras segment is expected to dominate the market in 2018

The hyperspectral imaging systems market is categorized into two product segments, namely, cameras and accessories. The cameras segment is expected to command the largest share of the global hyperspectral imaging systems market in 2018. Factors such as recent advances in sensor development & computing power and the availability of low-cost cameras with widening industrial applications are driving the growth of this market segment.

Based on application, the military surveillance segment is expected to account for the largest share in 2018

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.

North America to dominate the hyperspectral imaging systems market in 2018

By region, the global hyperspectral imaging systems market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). In 2018, North America is expected to dominate the global hyperspectral imaging systems market, followed by Europe. 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 & diagnostics.

Request For Report Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=246979343

The global hyperspectral imaging system market is highly competitive and fragmented. The prominent players operating in this market include Headwall Photonics (US), Applied Spectral Imaging (US), Corning Incorporated (US), Surface Optics Corporation (US), Norsk Elektro Optikk (Norway), Resonon (US), SPECIM (Finland), TELOPS (Canada), BaySpec (US), Cubert (Germany), and ChemImage (US).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By MarketsandMarkets™ INC.
Phone 1-888-600-6441
Business Address 630 Dundee Road Suite 430
Northbrook, IL 60062
Country United States
Categories Business , Health , Medical
Tags hyperspectral imaging system market
Last Updated January 28, 2022