Hyperspectral Imaging Systems market in terms of revenue was estimated to be worth $16.8 Billion in 2023 and is poised to reach $34.3 Billion by 2028, growing at a CAGR of 15.4% from 2023 to 2028 according to a latest report published by MarketsandMarkets™. The rising industrial applications of hyperspectral imaging, such as agriculture, life sciences, and medical diagnostics, are the factors driving the growth of this market. However, cost-effectively reaching a super-resolution is a major challenge the industry faces, which may also hamper the market growth to a certain extent.
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Hyperspectral Imaging Systems market major players covered in the report, such as:
- Headwall Photonics (US)
- Corning Incorporated (US)
- Specim Spectral Imaging Ltd. (Finland)
- Resonon Inc. (US)
- Norsk Elektro Optikk (Norway)
- Telops Inc. (Canada)
- Applied Spectral Imaging (US)
- Surface Optics Corporation (US)
- ChemImage Corporation (US)
- Cubert GmbH (Germany)
- BaySpec Inc. (US)
- Galileo Group Inc. (US)
- HyperMed Imaging Inc. (US)
- Inno-Spec GmbH (Germany)
- Clyde HSI (Scotland)
- Imec (Belgium)
- Brandywine Photonics (US)
- XIMEA GMBH (Germany)
- Photon ETC. (Canada)
- CytoViva Inc. (US)
- Diaspective Vision (Germany)
- Gamaya (Switzerland)
- Hinalea Imaging (US)
- Orbital Sidekick (US)
- Glana Sensors AB (Sweden)
- Malvern Panalytical Ltd (UK)
- JB Hyperspectral Devices GmbH (Germany)
- HORIBA Ltd. (Japan)
- ORNET SDN BHD (Malaysia)
- Thorlabs Inc. (US)
- and Among Others
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This research report categorizes the Hyperspectral imaging systems market into the following segments and sub-segments:
By Product
- Camera
- Accessories
By Technology
- Pushbroom
- Snapshot
- Other technologies
By Application
- Military surveillance
- Remote sensing
- Life sciences & medical diagnostics
- Machine vision & optical sorting
- Other applications
Hyperspectral Imaging Systems Market, by region
- North America
- US
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe (RoE)
- Asia Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific (RoAPAC)
- Latin America (LATAM)
- Brazil
- Mexico
- RoLATAM
- Middle East and Africa (MEA)
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Recent Developments:
- In 2022, Headwall Photonics (US) acquired Holographix LLC (US), which will open the channels for new customers and markets as well as for existing customers of both companies while expanding the manufacturing capabilities to address future growth.
- In 2022, Resonon, Inc. (US) introduced Pika IR-L and Pika IR-L+, which are well suited for airborne applications, where they can provide invisible naked-eye contrast of outdoor features.
- In 2021, Resonon, Inc. (US) partnered with NASA (US) to create a new lunar calibration standard. The ARCSTONE hyperspectral instrument was selected by NASA’s Earth Science and Technology Office (ESTO) for their In-Space Validation of Earth Science Technologies (InVEST) program.
Frequently Asked Questions (FAQs) of Hyperspectral Imaging Systems Market:
Question 1: What is the projected market value of the global Hyperspectral imaging systems market?
Question 2: What is the estimated growth rate (CAGR) of the global Hyperspectral imaging systems market for the next five years?
Question 3: Which product segment of the Hyperspectral imaging systems market to witness the highest market share?
Question 4: What are the major revenue pockets in the Hyperspectral imaging systems market currently?
Question 5: Who are the key players operating in the hyperspectral imaging systems market, and what are the key growth strategies applied?
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