San Francisco, 19 February 2019: The Report Hyperspectral Imaging Systems Market Size, Share & Trends Analysis Report By
Application (Military, Remote Sensing, Medical Diagnostics, Optical Sorting),
By Product (Camera, Accessories), And Segment Forecasts, 2019 - 2025
The global hyperspectral imaging systems market is anticipated to reach USD 17.64 billion by 2025,
according to a new report by Grand View Research, Inc. It is anticipated to
expand at a CAGR of 10.6% during the forecast period. New product launches
coupled with advancements in technology, designs, and features is driving the
demand from various fields, such as military, remote sensing, healthcare,
mining, vision and optical, and meteorology.
There are certain advantages of
hyperspectral imaging, such as the non-requirement of prior knowledge of the
spectrum and sample. In addition, it provides extensive information for
analyzing and processing the image. These advantages are anticipated to drive
investments from market players, which is anticipated to drive the demand
during the forecast period. Hyperspectral imaging is being used extensively in
the healthcare sector, mainly for ophthalmology, gastrointestinal procedures,
tissue diagnosis, fluorescence microscopy, and vascular system imaging. The
increasing application can be attributed mainly to its high clarity and
accuracy of this imaging method.
Rapid industrialization along with demand
for high bandwidth communication is fueling growth of hyperspectral imaging
systems market in the forthcoming years. In addition, existing market players
are switching to advanced technologies to gain competitive advantage. Rise in
R&D and growth opportunities in emerging countries and the aim to maintain
international product quality standards is anticipated to drive market
expansion.
Affordable electronic circuits and
high-speed technologies have cascaded into introduction of advanced sensor
technologies. Furthermore, advancements in sensor technologies have improved
the image quality, economic efficiency, and reliability of the technical
products and thus, are anticipated to fuel the market growth.
Access Research Report of Hyperspectral Imaging Systems
Market @ www.grandviewresearch.com/industry-analysis/hyperspectral-imaging-systems-market
Further key findings from the study suggest:
· Hyperspectral camera is estimated to hold
the largest market share in near future due to the recent advancements in
sensor development which have led to growth of the camera segment
· Military segment accounts for the largest
market share due to advancement in data management of hyperspectral imaging
along with component fabrication techniques, better accuracy and consistency compared
to other conventional imaging techniques
· Asia Pacific has been estimated to be the
fastest growing region due to the presence of large pool of patients,
increasing healthcare awareness, rising government funding for R&D, and
upcoming research projects
· Major players operating in the
hyperspectral imaging systems market include Headwall Photonics Inc.; Resonon,
Telops Inc.; Corning Incorporated; Norsk Elektro Optikk AS; Surface Optics
Corporation; Bayspec Inc.; Chemimage Corporation; and Applied Spectral imaging.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
global hyperspectral imaging systems market on the basis of product,
application, and region:
Hyperspectral Imaging Systems Product
Outlook (Revenue, USD Million, 2014 - 2025)
·
Cameras
·
Accessories
Hyperspectral Imaging Systems Application
Outlook (Revenue, USD Million, 2014 - 2025)
·
Military
·
Remote Sensing
·
Medical Diagnostics
·
Machine Vision & Optical Sorting
·
Others
Hyperspectral Imaging Systems Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East and Africa (MEA)
Access Press Release of
Hyperspectral Imaging Systems Market@ www.grandviewresearch.com/press-release/global-hyperspectral-imaging-systems-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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