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Report Highlights
The global market for hyperspectral imaging was valued at $277.7 million in 2023. It is expected to grow from $301.4 million in 2024 to $472.9 million by 2029, at a compound annual growth rate (CAGR) of 9.4% from 2024 through 2029.
Report Includes
- 59 data tables and 62 additional tables
- An overview of the global markets for hyperspectral imaging (HSI) technology
- Analyses of global market trends, with market revenue data for 2023, estimates for 2024, forecast for 2025 and 2026, and projected CAGRs through 2029
- Estimates of the market size and revenue growth prospects of the global market, along with a market share analysis by scanning type, offering, technology, spectral range, application, and region
- Facts and figures pertaining to the market dynamics, technical advances, regulations, innovations, and the impact of macroeconomic factors
- Insights derived from the Porter’s five forces model, as well as global supply chain analysis, and case studies
- An analysis of patents and emerging technologies in the hyperspectral imaging space
- Analysis of the industry structure, including companies’ market shares, rankings, strategic alliances, M&A activity, and a venture funding outlook
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies
- Company profiles of leading players, including Headwall Photonics Inc., Specim Spectral Imaging Ltd., Corning Inc., Resonon Inc., and Cubert GmbH
Report Scope
This report analyzes trends in the global hyperspectral imaging market. It provides the global revenue ($ millions) for market segments and regions, using 2023 as the base year, and estimated market data for 2024 through 2029. The report segments the market by scanning type, type, technology, spectral range, application and region. Geographical regions are North America, Europe, Asia-Pacific and the Rest of the World, which consists of South America, and the Middle East and Africa. The report also focuses on emerging technologies and analyzes the vendor landscape. It concludes with profiles of the leading companies in the market.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||||||||||
| Base year market size | $277.7 Million | ||||||||||||||||||||||||
| Market size forecast | $472.9 Million | ||||||||||||||||||||||||
| Growth rate | CAGR of 9.4% from 2024 through 2029 | ||||||||||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||||||||||
| Segments covered | By Scanning Type, Offerings, Technology, Spectral Range, Application, and Region | ||||||||||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific and the Rest of the World (South America, and the Middle East and Africa) | ||||||||||||||||||||||||
| Countries covered | The U.S., Canada, Mexico, Germany, France, Italy, U.K., Japan, China, India and South Korea | ||||||||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Growing demand in remote sensing technology.
- The rising demand for hyperspectral imaging technology in agriculture.
- Increasing adoption of hyperspectral imaging technology for medical care and space exploration.
- Increasing government initiatives and funding for hyperspectral imaging technologies.
- Technological advancements leading to improved image quality and processing speed.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The global market for hyperspectral imaging should grow from $104.0 million in 2018 to $206.2 million by 2023 at a compound annual growth rate (CAGR) of 14.7% for the period of 2018-2023.
Report Includes
- 57 data tables and 44 additional tables
- An overview of the global markets for hyperspectral imaging and identification of their applications in military surveillance, mineralogy, food processing, agriculture, healthcare, and research
- Country specific data and analysis for the United States, Canada, Mexico, U.K., Germany, France, Italy, Japan, China, India, South Korea, Middle East and Africa
- Coverage of history, evolution and future outlook and expectations of hyperspectral imaging
- Analyses of various types of hyperspectral imaging and determination of the market dynamics for each of the equipment type
- Identification of segments with high growth potential and evaluation of factors impacting the market
- Complete understanding of the key technologies like spatial scanning and spectral scanning and detailed description of benchtop camera, outdoor camera, airborne camera and hyperspectral software
- Comparison of hyperspectral imaging with multispectral imaging
- Snapshot of quotes by key opinion leaders
- Company profiles of the major players of the industry including Brimrose Corp. of America, GE Healthcare Inc., IMEC, Northrop Grumman Corp., and UTC Aerospace Systems
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The global market for hyperspectral imaging was valued at $277.7 million in 2023. It is expected to grow from $301.4 million in 2024 to $472.9 million by 2029, at a compound annual growth rate (CAGR) of 9.4% from 2024 through 2029.
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