The Global Hyperspectral Imaging System Market Size accounted for USD 13.4 Billion in 2021 and is projected to occupy a market size of USD 55.8 Billion by 2030 growing at a CAGR of 17.3% from 2022 to 2030.
Hyperspectral imaging (HSI) is a system that analyzes a wide range of light instead of just assigning primary colors such as red, blue, green to each pixel. The light striking each pixel is broken down into many special spectral bands in order to offer more information on what is imaged. Mainly this algorithms and the image processing methodologies associated with HSI is a major product of military research, and were primarily used to identify targets and other objects against background clutter. In addition, hyperspectral imaging systems are a powerful tool for remote sensing or non-contact of molecular chemical information of material quality or composition. Fields of application for this technology include pharmaceuticals, material sciences, pathology, ecological, polymer sciences, forensics, bio-medicine, geological studies, pathology and agriculture.
![Hyperspectral Imaging System Market Report Statistics According to recent insights, the US congress requested over 715 billion for defense sector in fiscal 2022 budget](reportimages/Infographics_Global-Hyperspectral-Imaging-System-Market-1.jpg)
Hyperspectral Imaging System Market Report Statistics
- Global hyperspectral imaging system market revenue is estimated to reach USD 55.8 Billion by 2030 with a CAGR of 17.3% from 2022 to 2030
- North America hyperspectral imaging system market share generated over 37% shares in 2021
- According to recent insights, the US congress requested over 715 billion for defense sector in fiscal 2022 budget
- Asia-Pacific hyperspectral imaging system market growth will record substantial CAGR of over 18% from 2022 to 2030
- Based on products, cameras captured around 60% of the overall market share in 2021
- Among applications, military sector generated shares of over 26% in 2021
- Growing demand for remote sensing in defense sector is a popular hyperspectral imaging system market trend that is fueling the industry demand
![Hyperspectral Imaging System Market Dynamics Asia-Pacific hyperspectral imaging system market growth will record substantial CAGR of over 18% from 2022 to 2030](reportimages/Infographics_Global-Hyperspectral-Imaging-System-Market-2.jpg)
Global Hyperspectral Imaging System Market Dynamics
Market Drivers
- Rising industrial application of hyperspectral imaging
- Surging technological advancements in the industry
- Growing need for remote sensing data in defense and homeland operations
Market Restraints
- High cost and complexity
- Data storage challenges
Market Opportunities
- Mounting use of unmanned aerial vehicles
- Rising investments and funding from private and public organizations
Hyperspectral Imaging System Market Report Coverage
Market |
Hyperspectral Imaging System Market |
Hyperspectral Imaging System Market Size 2021 |
USD 13.4 Billion |
Hyperspectral Imaging System Market Forecast 2030 |
USD 55.8 Billion |
Hyperspectral Imaging System Market CAGR During 2022 - 2030 |
17.3% |
Hyperspectral Imaging System Market Analysis Period |
2018 - 2030 |
Hyperspectral Imaging System Market Base Year |
2021 |
Hyperspectral Imaging System Market Forecast Data |
2022 - 2030 |
Segments Covered |
By Product, By Application, And By Geography
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled |
Headwall Photonics Inc., Imec, Resonon, Corning Incorporated, Norsk Elektro Optikk AS, Surface Optics Corporation, Bayspec Inc., Chemimage Corporation, Spectral Imaging Ltd., Applied Spectral Imaging, and Telops Inc. |
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Hyperspectral Imaging System Market Growth Factors
Innovation in hyperspectral imaging system coupled with advancement in technology, designs, and features is driving the demand from various fields, such as remote sending, mining, military, vision, meteorology, healthcare, and optical. The various advantages of hyperspectral imaging system such as the non-requirement of prior knowledge of the spectrum and sample are estimated to drive investments from market player, which is likely to drive the demand during the forecast period. Furthermore, exiting market players are switching to advanced technologies to gain competitive advantage. Growth opportunities in emerging countries, rise in R&D, and the aim to sustain international product quality standards is expected to drive market expansion. Moreover, advancements in sensor technologies have improved the image quality, economic efficiency, and reliability of the technical products and thus, are likely to fuel the market growth.
![Hyperspectral Imaging System Market - Acumen Research and Consulting Hyperspectral Imaging System Market Growth 2022 - 2030](reportimages/Discounted-Price-Template_2.jpg)
Hyperspectral Imaging System Market Segmentation
The global hyperspectral imaging system market is segmented based on product, application, and geography.
Hyperspectral Imaging System Market By Product
![Hyperspectral Imaging System Market By Product Based on products, cameras captured around 60% of the overall market share in 2021](reportimages/Infographics_Global-Hyperspectral-Imaging-System-Market-3.jpg)
According to our hyperspectral imaging system industry analysis, cameras accounted for majority of the market share in 2021 and are likely to do so in the coming years. The growing technological advancement and easy availability of cameras is attributed to the significant market share. High-speed, low-cost circuits, advanced manufacturing processes, and a novel signal processing approach are among the most significant recent developments. The quality, economic efficiency, and dependability of technical products are expected to improve as a result of these developments.
Hyperspectral Imaging System Market By Application
- Military
- Remote Sensing
- Medical Diagnostics
- Machine Vision & Optical Sorting
- Others
![Hyperspectral Imaging System Market By Application Among applications, military sector generated shares of over 26% in 2021](reportimages/Infographics_Global-Hyperspectral-Imaging-System-Market-4.jpg)
According to the hyperspectral imaging system market forecast, the military application gathered a considerable amount of share from 2022 to 2030. The segment's rapid growth can be attributed to advancements in data management and component fabrication techniques. Hyperspectral imaging has numerous military applications, including tracking and identification of personnel and other objects. Furthermore, remote sensing and medical diagnostics sub-segments have gained significant traction in recent years.
Hyperspectral Imaging System Market Regional Outlook
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Hyperspectral Imaging System Market Regional Analysis
The hyperspectral imaging system market analysis is provided for major regional markets including North America, Europe, China, Southeast Asia, Japan and India followed by major countries. For each region, the market size and volume for different segments has been covered under the scope of report. North America accounted for a large market share, and is likely to lead the market in the forecast period. The market growth in this region can be largely attributed to the factors such as high adoption of hyperpsectral imaging systems in research, increase in research funding, growing awareness on the benefits of hyperspectral imaging in commercial industries, and technological advancements
Hyperspectral Imaging System Market Players
Some of the global hyperspectral imaging system companies included in the report are Headwall Photonics Inc., Imec, Resonon, Corning Incorporated, Norsk Elektro Optikk AS, Surface Optics Corporation, Bayspec Inc., Chemimage Corporation, Spectral Imaging Ltd., Applied Spectral Imaging, and Telops Inc.
![Hyperspectral Imaging System Market - Acumen Research and Consulting Hyperspectral Imaging System Market Regional Analysis](reportimages/02_Why-Choose-Acumen-Research-and-Consulting.jpg)
CHAPTER 1. Industry Overview of Hyperspectral Imaging System Market
1.1. Definition and Scope
1.1.1. Definition of Hyperspectral Imaging System
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Hyperspectral Imaging System Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Hyperspectral Imaging System Market By Product
1.2.3. Hyperspectral Imaging System Market By Application
1.2.4. Hyperspectral Imaging System Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Hyperspectral Imaging System Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Hyperspectral Imaging System Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Regulatory Compliance
3.9. Competitive Landscape, 2021
3.9.1. Player Positioning Analysis
3.9.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Hyperspectral Imaging System Market By Product
4.1. Introduction
4.2. Hyperspectral Imaging System Revenue By Product
4.2.1. Hyperspectral Imaging System Revenue (USD Billion) and Forecast, By Product, 2018-2030
4.2.2. Cameras
4.2.2.1. Cameras Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
4.2.3. Accessories
4.2.3.1. Accessories Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 5. Hyperspectral Imaging System Market By Application
5.1. Introduction
5.2. Hyperspectral Imaging System Revenue By Application
5.2.1. Hyperspectral Imaging System Revenue (USD Billion) and Forecast, By Application, 2018-2030
5.2.2. Military
5.2.2.1. Military Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
5.2.3. Remote Sensing
5.2.3.1. Remote Sensing Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
5.2.4. Medical Diagnostics
5.2.4.1. Medical Diagnostics Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
5.2.5. Machine Vision & Optical Sorting
5.2.5.1. Machine Vision & Optical Sorting Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
5.2.6. Others
5.2.6.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 6. North America Hyperspectral Imaging System Market By Country
6.1. North America Hyperspectral Imaging System Market Overview
6.2. U.S.
6.2.1. U.S. Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Product, 2018-2030
6.2.2. U.S. Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Application, 2018-2030
6.3. Canada
6.3.1. Canada Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Product, 2018-2030
6.3.2. Canada Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Application, 2018-2030
6.4. North America PEST Analysis
CHAPTER 7. Europe Hyperspectral Imaging System Market By Country
7.1. Europe Hyperspectral Imaging System Market Overview
7.2. U.K.
7.2.1. U.K. Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Product, 2018-2030
7.2.2. U.K. Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Application, 2018-2030
7.3. Germany
7.3.1. Germany Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Product, 2018-2030
7.3.2. Germany Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Application, 2018-2030
7.4. France
7.4.1. France Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Product, 2018-2030
7.4.2. France Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Application, 2018-2030
7.5. Spain
7.5.1. Spain Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Product, 2018-2030
7.5.2. Spain Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Application, 2018-2030
7.6. Rest of Europe
7.6.1. Rest of Europe Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Product, 2018-2030
7.6.2. Rest of Europe Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Application, 2018-2030
7.7. Europe PEST Analysis
CHAPTER 8. Asia Pacific Hyperspectral Imaging System Market By Country
8.1. Asia Pacific Hyperspectral Imaging System Market Overview
8.2. China
8.2.1. China Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Product, 2018-2030
8.2.2. China Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Application, 2018-2030
8.3. Japan
8.3.1. Japan Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Product, 2018-2030
8.3.2. Japan Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Application, 2018-2030
8.4. India
8.4.1. India Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Product, 2018-2030
8.4.2. India Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Application, 2018-2030
8.5. Australia
8.5.1. Australia Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Product, 2018-2030
8.5.2. Australia Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Application, 2018-2030
8.6. South Korea
8.6.1. South Korea Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Product, 2018-2030
8.6.2. South Korea Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Application, 2018-2030
8.7. Rest of Asia-Pacific
8.7.1. Rest of Asia-Pacific Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Product, 2018-2030
8.7.2. Rest of Asia-Pacific Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Application, 2018-2030
8.8. Asia Pacific PEST Analysis
CHAPTER 9. Latin America Hyperspectral Imaging System Market By Country
9.1. Latin America Hyperspectral Imaging System Market Overview
9.2. Brazil
9.2.1. Brazil Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Product, 2018-2030
9.2.2. Brazil Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Application, 2018-2030
9.3. Mexico
9.3.1. Mexico Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Product, 2018-2030
9.3.2. Mexico Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Application, 2018-2030
9.4. Rest of Latin America
9.4.1. Rest of Latin America Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Product, 2018-2030
9.4.2. Rest of Latin America Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Application, 2018-2030
9.5. Latin America PEST Analysis
CHAPTER 10. Middle East & Africa Hyperspectral Imaging System Market By Country
10.1. Middle East & Africa Hyperspectral Imaging System Market Overview
10.2. GCC
10.2.1. GCC Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Product, 2018-2030
10.2.2. GCC Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Application, 2018-2030
10.3. South Africa
10.3.1. South Africa Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Product, 2018-2030
10.3.2. South Africa Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Application, 2018-2030
10.4. Rest of Middle East & Africa
10.4.1. Rest of Middle East & Africa Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Product, 2018-2030
10.4.2. Rest of Middle East & Africa Hyperspectral Imaging System Revenue (USD Billion) and Forecast By Application, 2018-2030
10.5. Middle East & Africa PEST Analysis
CHAPTER 11. Player Analysis Of Hyperspectral Imaging System Market
11.1. Hyperspectral Imaging System Market Company Share Analysis
11.2. Competition Matrix
11.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
11.2.2. New Product Launches and Product Enhancements
11.2.3. Mergers And Acquisition In Global Hyperspectral Imaging System Market
11.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 12. Company Profile
12.1. Headwall Photonics Inc.
12.1.1. Company Snapshot
12.1.2. Business Overview
12.1.3. Financial Overview
12.1.3.1. Revenue (USD Billion), 2021
12.1.3.2. Headwall Photonics Inc. 2021 Hyperspectral Imaging System Business Regional Distribution
12.1.4. Product /Service and Specification
12.1.5. Recent Developments & Business Strategy
12.2. Imec
12.3. Resonon
12.4. Corning Incorporated
12.5. Norsk Elektro Optikk AS
12.6. Surface Optics Corporation
12.7. Bayspec Inc.
12.8. Chemimage Corporation
12.9. Spectral Imaging Ltd.
12.10. Applied Spectral Imaging
12.11. Telops Inc.