Growth in the hyperspectral imaging systems market is primarily driven by factors such as growing industrial applications of hyperspectral imaging and increasing funding and investments.
According to the new market research report Hyperspectral Imaging System Market
by Product (Camera, Accessories), Technology (Snapshot, Push broom),
Application (Military, Remote Sensing (Agriculture, Mining,
Environmental), Machine Vision, Life Sciences & Diagnostic) - Global
Forecast to 2026, published by MarketsandMarkets™, the global
Hyperspectral Imaging Systems Market is projected to reach USD 35.8
billion by 2026 from USD 15.4 billion in 2021, at a CAGR of 18.4% during
the forecast period.
Browse in-depth TOC on "Hyperspectral Imaging System Market"
273 – Tables
33 – Figures
245 – Pages
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In
2020, pushbroom segment accounted for the largest share of the
hyperspectral imaging system market while snapshot segment is projected
to register the highest CAGR of 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 scanning), and
imaging FTIR (time scanning)]. The pushbroom segment accounted for the
largest share of the hyperspectral imaging systems market in 2020, while
the snapshot segment is projected to register the highest CAGR of
during the forecast period. The advantages associated with pushbroom
technology, such as high spectral resolution, simplified illumination
requirements, minimized illumination exposure and heat load, and less
capturing time, are supporting its growth in the hyperspectral imaging
systems market.
Cameras segment accounted for the largest share of the hyperspectral imaging system market.
Based on product,
the hyperspectral imaging systems market is segmented into cameras and
accessories. Cameras commanded the largest share of the hyperspectral
imaging systems market, by product, in 2020, and this trend is expected
to continue during the forecast period. 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
North America was the largest regional market for the hyperspectral imaging systems market in 2020.
The
hyperspectral imaging systems market is segmented into four major
regions, namely, North America, Europe, Asia Pacific, and the Rest of
the World (RoW). North America is the largest market for hyperspectral
imaging systems in 2020. 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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The global hyperspectral imaging systems market
is highly competitive and fragmented. The prominent players operating
in this 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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