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Hyperspectral Imaging Market Report 2022: Widespread Application of Hyperspectral Imaging Technologies and Increasing Government Investments for R&D Activities to Drive Growth -

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Dublin–(business wire)–“Hyperspectral Imaging Market – Global and Regional Analysis: Analysis and Forecasts, 2022-2027” report added of Recruitment.

The global hyperspectral imaging market is estimated at $791.2 million in 2021 and is expected to grow at a CAGR of 13.17% to reach $1,640.3 million by 2027. Expansion of hyperspectral imaging technology, increased demand and investment from the military and defense sectors, increased government focus on research and development activities, increased prevalence of various chronic diseases and an aging population, early diagnosis of disease. growing awareness of, and global food safety concerns.

Market life cycle stages

The hyperspectral market is still in its early stages. R&D activities are intensified to develop more hyperspectral imaging products.

Increasing technological advancements in hospitals, diagnostic centers, military and defense sectors, agricultural practices, and research centers are some of the major opportunities in the global hyperspectral imaging market. Moreover, increasing demand in developing regions is also an opportunity for market growth.

Market segment

by application

  • Healthcare (medical imaging/diagnosis, pharmaceuticals, image-guided surgery, others)

  • defense

  • Environmental monitoring and agriculture

  • mining and materials

  • food inspection

  • Others (art preservation, machine vision, optical sorting)

By application segment, the global hyperspectral imaging market is expected to be dominated by the mining and materials segment.

by technology

  • push broom

  • snap shot

  • Others (Whiskbroom (point scan), Tunable Filters (wavelength scan), Imaging FTIR (time scan))

Global hyperspectral imaging is dominated by the pushbroom technology segment.

By spectral range

  • Visible hyperspectral imaging

  • Visible and near-infrared (VNIR) hyperspectral imaging

  • Short Wave Infrared (SWIR) Hyperspectral Imaging

  • Mid- and long-wave infrared hyperspectral imaging

  • others

Global hyperspectral imaging is dominated by the visible near-infrared (VNIR) hyperspectral imaging segment.

by product

  • Hyperspectral imaging camera

  • Other accessories

By region

  • North America – USA, Canada

  • Europe – Germany, France, UK, Italy, Spain, Rest of Europe

  • Asia Pacific – Japan, China, India, Australia, South Korea, Rest of Asia Pacific

  • Latin America – Brazil, Mexico, Rest of Latin America

  • Middle East and Africa – United Arab Emirates, South Africa, Rest of Middle East and Africa

North America will hold the largest share of the global hyperspectral imaging market in 2021 and this trend is expected to continue during the forecast period of 2022-2027.

Demand – Factors and Limits

Drivers of the Hyperspectral Imaging Market are:

  • Extensive application of hyperspectral imaging technology

  • Increased demand and investment from the military and defense sector

  • Increased government investment for research and development activities

  • Rising Prevalence of Chronic Diseases and Elderly Populations Driving the Growth of Medical Hyperspectral Imaging

  • Increased awareness of early diagnosis of disease

  • Growing global food safety concerns

The market is also expected to face some limitations due to the following challenges.

  • High cost of hyperspectral devices

  • Lack of infrastructure and skilled professionals to support hyperspectral devices

  • A lot of data generated

Overview of Key Market Players and Competition

Companies to be profiled are selected based on information gathered from leading experts and analyzed for company coverage, product portfolio and market penetration.

Some of the prominent names established in this market are:

Company Type 1: Incorporated Company

  • Bay Spec Co., Ltd.

  • Corning Corporation

  • Site Viva Co., Ltd.

  • Headwall Photonics Inc.

  • HORIBA, Ltd.

  • Hypermed Imaging, Inc.

  • IMEC International

  • Innospec GmbH

  • Konica Minolta, Inc.

  • Norsk Elektro Optikk A/S

  • photons, etc.

  • Resonon Co., Ltd.

  • Swift Medical Co., Ltd.

  • Teledyne FLIR LLC

Company Type 2: Startups

  • Clyde Hyperspectral Imaging and Technology Ltd.

  • Cubert GmbH

  • Diaspective Vision GmbH

  • embellion

  • Gamaya

  • HAIP Solutions GmbH

Main topics:

1 market

2 Global Hyperspectral Imaging Market (By Application)

3 Global Hyperspectral Imaging Market by Technology, 2020-2027

4 Global Hyperspectral Imaging Market (By Spectral Range)

5 Global Hyperspectral Imaging by Product

6 regions

7 Market – Competitive Benchmarks and Company Profiles

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