According to the new market research report Hyperspectral Imaging Market is projected to reach USD 30.0 billion by 2025 from USD 12.4 billion in 2020, at a CAGR of 19.3%.
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The Snapshot technology segment is expected to grow at the highest CAGR during the forecast period
Based on technology, the Hyperspectral Imaging Systems Market is segmented into pushbroom (line-scanning), snapshot (single shot), and other technologies [whiskbroom (point-scanning), tunable filters (wavelength scan), and imaging FTIR (time scanning)]. The pushbroom segment is estimated to account for the largest share of the market in 2019, while the snapshot segment is projected to register the highest CAGR during the forecast period. This can be attributed to the advantages offered by snapshot hyperspectral imaging systems, which make this technology most suitable for real-time analysis.
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In 2019, the cameras segment accounted for the largest share of the market
On the basis of product, the Hyperspectral Imaging Market is segmented into cameras and accessories. Cameras are expected to command the larger share of the market, by product, in 2019. Technological advancements, the development of affordable hyperspectral imaging cameras, and the increasing adoption of hyperspectral technology for defense and industrial applications are driving the growth of the hyperspectral cameras segment.
The prominent players operating in the Hyperspectral Imaging Market include 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), imec (Belgium), and ChemImage Corporation (US).
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North America was the largest regional market for market in 2019
The global Hyperspectral Imaging Market has been divided into four major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is expected to account for the largest share of the global market in 2019. Factors such as growth in research funding, technological advancements, and increasing awareness of the benefits of hyperspectral imaging in commercial industries across the region are driving the market for hyperspectral imaging systems in North America.
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Hyperspectral Imaging Market worth USD 30.0 billion by 2025
This market research report identifies Headwall Photonics, Specim Spectral Imaging, Norsk Elektro Optikk, IMEC, and Surface Optics as the major vendors operating in the global healthcare hyperspectral imaging market.
This report also provides a detailed analysis of the market by end-users (Hospitals, Diagnostic centers, Pharmaceutical and biotechnology industries, Research centers), and region (North America, Europe, Asia Pacific, and Rest of the World).Overview of the Global Healthcare Hyperspectral Imaging MarketInfoholic’s market research report predicts that the global healthcare hyperspectral imaging market will grow at a CAGR of 14.4% during the forecast period 2018–2024.
The major drivers of the market are the rise in the aging population, increased incidence of chronic diseases, the introduction of portable/handheld hyperspectral imaging systems with high operability and safety, and an increase in the number of diagnostic procedures are expected to positively impact the growth of the healthcare hyperspectral imaging market, thereby leading to the high demand for advanced healthcare hyperspectral imaging devices.Request For Report sample@ https://www.trendsmarketresearch.com/report/sample/9786 According to the healthcare hyperspectral imaging market analysis, in North America, the US and Canada are the leading countries owing to the highest number of diagnostic cases in 2017.
This has helped most of the vendors to sustain and grow over the period and maintain their product presence in the market.
Europe is the second leading region and held more than 30% of the market share in 2017.
The leading countries in Europe include Germany, France, the UK, and Italy.Competitive Analysis and Key VendorsThe global healthcare hyperspectral imaging market has immense growth opportunities in both developed and developing regions.
According to the new market research report hyperspectral imaging systems market is projected to reach USD 30.0 billion by 2025 from USD 12.4 billion in 2020, at a CAGR of 19.3%.The increasing funding and investments, growing industrial applications of hyperspectral imaging are the major factors driving the growth of the hyperspectral imaging systems market.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=246979343The Snapshot technology segment is expected to grow at the highest CAGR during the forecast periodBased on technology, the hyperspectral imaging systems market is segmented into pushbroom (line-scanning), snapshot (single shot), and other technologies [whiskbroom (point-scanning), tunable filters (wavelength scan), and imaging FTIR (time scanning)].
The pushbroom segment is estimated to account for the largest share of the hyperspectral imaging market in 2019, while the snapshot segment is projected to register the highest CAGR during the forecast period.
This can be attributed to the advantages offered by snapshot hyperspectral imaging systems, which make this technology most suitable for real-time analysis.PERSONALIZE THIS RESEARCH> Triangulate with your Own Data> Get Data as per your Format and Definition> Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor> Any level of PersonalizationIn 2019, the cameras segment accounted for the largest share of the marketOn the basis of product, the Hyperspectral Imaging Market is segmented into cameras and accessories.
Cameras are expected to command the larger share of the market, by product, in 2019.
Technological advancements, the development of affordable hyperspectral imaging cameras, and the increasing adoption of hyperspectral technology for defense and industrial applications are driving the growth of the hyperspectral cameras segment.The prominent players operating in the hyperspectral imaging systems market include Headwall Photonics, Inc. (US), Applied Spectral Imaging, Inc. (US), Corning Incorporated (US), Specim, Spectral Imaging Ltd. (Finland), Telops, Inc. (Canada), Surface Optics Corporation (US), Norsk Elektro Optikk AS (Norway), Resonon, Inc. (US), BaySpec, Inc. (US), Cubert GmbH (Germany), inno-spec GmbH (Germany), XIMEA GmbH (Germany), imec (Belgium), and ChemImage Corporation (US).Recent Developments> In 2019, Headwall Photonics launched its advanced sensor payloads (consisting of hyperspectral sensors and LIDAR for unmanned aerial vehicle platforms)> In 2018, SPECIM opened a new facility in Espoo, Finland> In 2018, Telops signed a distribution agreement with Infrared Imaging LLC.
This agreement strengthened the position of Telops in the US market.
Backed by increasing demand for efficient imagery analytics from industry clusters, the hyperspectral imaging market is witnessing an upsurge.
Projecting the market growth at a steady CAGR of 5% from 2019 to 2029, a new report by Fact.MR provides an inclusive analysis of the hyperspectral imaging market.
The growth is primarily fueled by equal demand from private companies and governments, which are leveraging on the benefits of the technology, to incorporate in their applications.Hyperspectral Imaging Market - Key TakeawaysThe global hyperspectral imaging market is expected to triple its market value by the end of the forecast period.Forestry and agricultural applications will account for the majority of share on the back of wide adoption of imaging services across numerous applications.Aerospace & defense will be one of the most lucrative end-use industries and is expected to grow at a healthy CAGR.Owing to high spending in imaging technology, North America will reign supremacy as the leading regional market for hyperspectral imaging.Invigorated by surging adoption of imaging services in major industries, East Asia is anticipated to witness a tremendous growth at a CAGR of 14%.Request for Sample detailed COVID-19 impact analysis on the hyperspectral imaging market @ https://www.factmr.com/connectus/sample?flag=S_id=4570Hyperspectral Imaging Market - Key Driving FactorsOwing to technological advancements in the remote sensing industry, the demand for hyperspectral imaging in land development-related industries such as agri-tech, real estate, and mining is propelling.Targeted advertising, crowd simulation, and geodatabase for antiquities are some of the lucrative areas where the applications of hyperspectral imaging are growing year-on-year.The growth is further being complemented by support from governments and militaries across the globe.Hyperspectral Imaging Market - Key RestraintThe high cost and data storage issues associated with the use of hyperspectral imaging are likely to hinder the growth of the market.’Competition LandscapeSome of the key players in the hyperspectral imaging market are Airbus Defence and Space, Hexagon AB, CYIENT, Planet Labs, and Satellogic SA, among others.
The leading players are focusing on developing new technologies such as multisensory data fusion, cloud computing, and machine learning.
Furthermore, to sustain the positive growth trajectory, the players are focusing on business expansion by providing services in niche applications, along with long terms contracts with government organizations.
On this premise, emerging players such as FluroSat, SaranitaSat etc.
Hyperspectral imaging (HSI) is an acquisition of spectral imaging in which each pixel of the image is used to obtain a set of images within certain spectral bands.
Growing industrial applications of hyperspectral imaging and rising investments in the R operations, healthcare industry, food sector, and defense sector among others are key drivers of market growth.
Hence, these factors further contribute to the growth of the hyperspectral imaging systems market globally.
However, high costs associated with the use of hyperspectral imaging along with data storage issues are expected to limit the growth of this market.The medical diagnostics segment is likely to hold the largest revenue in the global marketHyperspectral imaging (HSI) is an emerging imaging modality in medical applications, mainly in the diagnosis of disease and the surgery with image guidance.
Hence, it is widely used in the healthcare industry including medical diagnostics and surgical guidance, which further expands the growth of the global hyperspectral imaging system market.Browse Complete Report @ https://www.adroitmarketresearch.com/industry-reports/hyperspectral-imaging-system-market-North America is anticipated to dominate the global marketGeographically, the global hyperspectral imaging system is classified into North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa.
Among these regions, North America is expected to hold the largest revenue share owing to high demand including consumption of hyperspectral imaging systems.
Hyperspectral imaging (HSI) is an acquisition of spectral imaging in which each pixel of the image is used to obtain a set of images within certain spectral bands.
Growing industrial applications of hyperspectral imaging and rising investments in the R operations, healthcare industry, food sector, and defense sector among others are key drivers of market growth.
Hence, these factors further contribute to the growth of the hyperspectral imaging systems market globally.
However, high costs associated with the use of hyperspectral imaging along with data storage issues are expected to limit the growth of this market.The medical diagnostics segment is likely to hold the largest revenue in the global marketHyperspectral imaging (HSI) is an emerging imaging modality in medical applications, mainly in the diagnosis of disease and the surgery with image guidance.
Hence, it is widely used in the healthcare industry including medical diagnostics and surgical guidance, which further expands the growth of the global hyperspectral imaging system market.Browse Complete Report @ https://www.adroitmarketresearch.com/industry-reports/hyperspectral-imaging-system-market-North America is anticipated to dominate the global marketGeographically, the global hyperspectral imaging system is classified into North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa.
Among these regions, North America is expected to hold the largest revenue share owing to high demand including consumption of hyperspectral imaging systems.
This market research report identifies Headwall Photonics, Specim Spectral Imaging, Norsk Elektro Optikk, IMEC, and Surface Optics as the major vendors operating in the global healthcare hyperspectral imaging market.
This report also provides a detailed analysis of the market by end-users (Hospitals, Diagnostic centers, Pharmaceutical and biotechnology industries, Research centers), and region (North America, Europe, Asia Pacific, and Rest of the World).Overview of the Global Healthcare Hyperspectral Imaging MarketInfoholic’s market research report predicts that the global healthcare hyperspectral imaging market will grow at a CAGR of 14.4% during the forecast period 2018–2024.
The major drivers of the market are the rise in the aging population, increased incidence of chronic diseases, the introduction of portable/handheld hyperspectral imaging systems with high operability and safety, and an increase in the number of diagnostic procedures are expected to positively impact the growth of the healthcare hyperspectral imaging market, thereby leading to the high demand for advanced healthcare hyperspectral imaging devices.Request For Report sample@ https://www.trendsmarketresearch.com/report/sample/9786 According to the healthcare hyperspectral imaging market analysis, in North America, the US and Canada are the leading countries owing to the highest number of diagnostic cases in 2017.
This has helped most of the vendors to sustain and grow over the period and maintain their product presence in the market.
Europe is the second leading region and held more than 30% of the market share in 2017.
The leading countries in Europe include Germany, France, the UK, and Italy.Competitive Analysis and Key VendorsThe global healthcare hyperspectral imaging market has immense growth opportunities in both developed and developing regions.
According to the new market research report hyperspectral imaging systems market is projected to reach USD 30.0 billion by 2025 from USD 12.4 billion in 2020, at a CAGR of 19.3%.The increasing funding and investments, growing industrial applications of hyperspectral imaging are the major factors driving the growth of the hyperspectral imaging systems market.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=246979343The Snapshot technology segment is expected to grow at the highest CAGR during the forecast periodBased on technology, the hyperspectral imaging systems market is segmented into pushbroom (line-scanning), snapshot (single shot), and other technologies [whiskbroom (point-scanning), tunable filters (wavelength scan), and imaging FTIR (time scanning)].
The pushbroom segment is estimated to account for the largest share of the hyperspectral imaging market in 2019, while the snapshot segment is projected to register the highest CAGR during the forecast period.
This can be attributed to the advantages offered by snapshot hyperspectral imaging systems, which make this technology most suitable for real-time analysis.PERSONALIZE THIS RESEARCH> Triangulate with your Own Data> Get Data as per your Format and Definition> Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor> Any level of PersonalizationIn 2019, the cameras segment accounted for the largest share of the marketOn the basis of product, the Hyperspectral Imaging Market is segmented into cameras and accessories.
Cameras are expected to command the larger share of the market, by product, in 2019.
Technological advancements, the development of affordable hyperspectral imaging cameras, and the increasing adoption of hyperspectral technology for defense and industrial applications are driving the growth of the hyperspectral cameras segment.The prominent players operating in the hyperspectral imaging systems market include Headwall Photonics, Inc. (US), Applied Spectral Imaging, Inc. (US), Corning Incorporated (US), Specim, Spectral Imaging Ltd. (Finland), Telops, Inc. (Canada), Surface Optics Corporation (US), Norsk Elektro Optikk AS (Norway), Resonon, Inc. (US), BaySpec, Inc. (US), Cubert GmbH (Germany), inno-spec GmbH (Germany), XIMEA GmbH (Germany), imec (Belgium), and ChemImage Corporation (US).Recent Developments> In 2019, Headwall Photonics launched its advanced sensor payloads (consisting of hyperspectral sensors and LIDAR for unmanned aerial vehicle platforms)> In 2018, SPECIM opened a new facility in Espoo, Finland> In 2018, Telops signed a distribution agreement with Infrared Imaging LLC.
This agreement strengthened the position of Telops in the US market.
Backed by increasing demand for efficient imagery analytics from industry clusters, the hyperspectral imaging market is witnessing an upsurge.
Projecting the market growth at a steady CAGR of 5% from 2019 to 2029, a new report by Fact.MR provides an inclusive analysis of the hyperspectral imaging market.
The growth is primarily fueled by equal demand from private companies and governments, which are leveraging on the benefits of the technology, to incorporate in their applications.Hyperspectral Imaging Market - Key TakeawaysThe global hyperspectral imaging market is expected to triple its market value by the end of the forecast period.Forestry and agricultural applications will account for the majority of share on the back of wide adoption of imaging services across numerous applications.Aerospace & defense will be one of the most lucrative end-use industries and is expected to grow at a healthy CAGR.Owing to high spending in imaging technology, North America will reign supremacy as the leading regional market for hyperspectral imaging.Invigorated by surging adoption of imaging services in major industries, East Asia is anticipated to witness a tremendous growth at a CAGR of 14%.Request for Sample detailed COVID-19 impact analysis on the hyperspectral imaging market @ https://www.factmr.com/connectus/sample?flag=S_id=4570Hyperspectral Imaging Market - Key Driving FactorsOwing to technological advancements in the remote sensing industry, the demand for hyperspectral imaging in land development-related industries such as agri-tech, real estate, and mining is propelling.Targeted advertising, crowd simulation, and geodatabase for antiquities are some of the lucrative areas where the applications of hyperspectral imaging are growing year-on-year.The growth is further being complemented by support from governments and militaries across the globe.Hyperspectral Imaging Market - Key RestraintThe high cost and data storage issues associated with the use of hyperspectral imaging are likely to hinder the growth of the market.’Competition LandscapeSome of the key players in the hyperspectral imaging market are Airbus Defence and Space, Hexagon AB, CYIENT, Planet Labs, and Satellogic SA, among others.
The leading players are focusing on developing new technologies such as multisensory data fusion, cloud computing, and machine learning.
Furthermore, to sustain the positive growth trajectory, the players are focusing on business expansion by providing services in niche applications, along with long terms contracts with government organizations.
On this premise, emerging players such as FluroSat, SaranitaSat etc.