Hyperspectral Imaging Systems Market Worth $ 35.8 Billion By 2026
CHICAGO, November 3, 2021 / PRNewswire / – According to the new market research report “Hyperspectral Imaging Systems Market by product (camera, accessories), technology (snapshot, push broom), application (military, remote sensing (agriculture, mining, environment), machine vision, life sciences and diagnostics) – Global forecast to 2026 “, Published by MarketsandMarkets â¢, The Global Hyperspectral Imaging Systems Market Expected To Reach $ 35.8 billion by 2026 from $ 15.4 billion in 2021, at a CAGR of 18.4% over the forecast period.
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The growth of the hyperspectral imaging systems market is mainly driven by such factors as the growth of industrial applications of hyperspectral imaging and increasing funding and investment.
In 2020, the pushbroom segment accounted for the largest share of the hyperspectral imaging systems market, while the snapshots segment is expected to register the highest CAGR during the forecast period.
Based on technology, the hyperspectral imaging systems market is segmented into pushbroom (linear scanning), snapshot (single shot), and other technologies [whiskbroom (point scanning), tunable filters (wavelength scanning), and imaging FTIR (time scanning)]. The broomstick segment accounted for the largest share of the hyperspectral imaging systems market in 2020, while the snapshot segment is expected to register the highest CAGR during the forecast period. The advantages associated with pushbroom technology, such as high spectral resolution, simplified lighting requirements, reduced lighting exposure and thermal load, and reduced capture time, are supporting its growth in the digital systems market. hyperspectral imaging.
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The camera segment accounted for the largest share of the hyperspectral imaging systems market.
Based on the product, the hyperspectral imaging systems market is segmented into cameras and accessories. Cameras accounted for the largest share of the hyperspectral imaging systems market, by product, in 2020, and this trend is expected to continue during the forecast period. Advances in technology, development of affordable hyperspectral imaging cameras, and increasing adoption of hyperspectral technology for defense and industrial applications are driving the growth of hyperspectral camera segment
North America was the largest regional market for 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 hyperspectral imaging systems market in 2020. Factors such as growth in research funding, advancements in technology, and growing awareness of the benefits of hyperspectral imaging in commercial industries in the region are driving the the hyperspectral imaging systems market in North America.
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The global hyperspectral imaging systems market is highly competitive and fragmented. The major players operating in this market are 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. (United States), Cubert GmbH (Germany), Inno-Spec GmbH (Germany), XIMEA GmbH (Germany), Imec (Belgium) and ChemImage Corporation (United States).
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