The latest report by IMARC Group, titled “Hyperspectral Imaging Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the hyperspectral imaging systems market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global hyperspectral imaging systems market size reached US$ 16.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 43.3 Billion by 2028, exhibiting a growth rate (CAGR) of 16.5% during 2023-2028. A hyperspectral imaging system is referred to as a technique that is utilized to analyze a wide spectrum of light through a spectrometer. The device produces its spectral-based images in several colors, including red, blue, and green, using light that has been reflected, transmitted, or emitted from the object. Additionally, it measures the object’s electromagnetic radiation outputs, reflections, and absorptions. The imaging method is commonly employed for automated product sorting, screening for manufacturing flaws, tracking crop growth, finding contaminants in food goods, and monitoring agricultural development. As a result of this, it has a wide range of uses in numerous industries, including mining, agriculture, food and beverage production, medical diagnostics, and defense.
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Hyperspectral Imaging Systems Market Growth:
Significant growth in the healthcare sector majorly drives the global market. This can be supported by the widespread adoption of medical imaging systems due to the escalating prevalence of chronic diseases, including cancer, heart disease, and chronic obstructive pulmonary disorder. Along with this, the growing popularity of hyperspectral imaging technology for diagnosing and treating several diseases by analyzing the composition and physiology of the tissues and cells in the body is significantly supporting the market. In addition, the rising employment of hyperspectral imaging systems to track the development of malignant cells is also positively influencing the demand. Apart from this, the expanding use of sophisticated imaging systems in unmanned aerial vehicles (UAVs) is contributing to the market. Furthermore, continuous advancements in imaging sensors and improvements in spatial resolution making surveillance, mapping, and imaging more effective, are creating a positive market outlook.
Competitive Landscape With Key Players:
- Applied Spectral Imaging
- BaySpec, Inc.
- ChemImage Corporation
- Corning Incorporated
- Cubert GmbH
- Headwall Photonics, Inc.
- Norsk Elektro Optikk AS
- Resonon Inc.
- Spectral Imaging Ltd.
- Surface Optics Corporation
- Telops Inc.
Breakup by Product Type:
- Cameras
- Accessories
Breakup by Application:
- Military Surveillance
- Remote Sensing
- Agriculture
- Mining/Mineral Mapping
- Environmental Monitoring
- Others
- Life Sciences & Medical Diagnostics
- Machine Vision & Optical Sorting
- Others
Breakup by Technology:
- Pushbroom
- Snapshot
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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