Hyperspectral Imaging System Market Research Report - Forecast till 2032

Hyperspectral Imaging System Market Research Report Information By Product (Visible/Near-Infrared (VNIR), Short-Wave Infrared (SWIR), Mid-Wave Infrared (MWIR), and Long-Wave Infrared (LWIR)), By Application (Surveillance, Remote Sensing, Machine Vision/Optical, and Medical Diagnostics), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2032

ID: MRFR/HC/7269-HCR | 90 Pages | Author: Rahul Gotadki | March 2024         

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Global Hyperspectral Imaging System Market Overview


The Hyperspectral Imaging System Market Size was valued at USD 5.1 billion in 2022 and is projected to grow from USD 6.02 Billion in 2023 to USD 16.7 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 18% during the forecast period (2023 - 2032). The growing industrial applications of hyperspectral imaging, growing spending on the aerospace industry and scientific research, and the evolution of efficient imaging solutions are some of the key market drivers fueling the growth of this market.


Hyperspectral Imaging System Market


Source: MRFR Database, Secondary Research, Primary Research, and Analyst Review


Hyperspectral Imaging System Market Trends



  • Rising Prevalence of Hyperspectral Imaging Solutions to propel the market growth


Hyperspectral Imaging Systems industry size is estimated to register strong growth over the forecast period driven by ongoing investments in product diversification and expansion strategies in developing countries in Asia Pacific and South and Central America while opting for strengthening the Hyperspectral Imaging Systems market share in developed countries.


Further, hyperspectral imaging is preferable in cancer treatment because these systems provide continuous information and aid in understanding tissue changes that occur in the early stages of disease development; additionally, it distinguishes healthy cells from carcinogenic cells. The hyperspectral imaging system has become compact, better suited for use in diverse fields,  economically priced, and such as agriculture, pharmaceuticals, food testing, medical diagnostics, art research, and waste management.


Additionally, the increasing investments and funding are also other factors fetching revenues. For instance, on 11 February 2022, Wyvern made a total of USD 7.65 million in private and Canadian government financing to build a foldable telescope that would approve it to integrate more capability onto smaller, less expensive-to-launch hyperspectral imaging satellites. Wyvern intends to lower cost obstacles to give hyperspectral solutions that have typically concentrated on the defense market to commercial clients for the first time by deploying deployable optics that can adhere to CubeSat specifications. Thus, increasing investments by key market players have enhanced the HISs market CAGR across the globe in recent years.


However, Ground-based hyperspectral imaging has aroused the interest of researchers working on electronic imaging for medical surgery, forensic science, food inspection, and diagnosis, as well as military applications in current years. Rising applications of innovative hyperspectral imaging technologies in varied fields are fetching the growth of the Hyperspectral Imaging System market revenue.


Hyperspectral Imaging System Market Segment Insights


Hyperspectral Imaging System Product Insights


The market segments of hyperspectral imaging system, based on product, includes Visible/Near-Infrared (VNIR), Long-Wave Infrared (LWIR) Short-Wave Infrared (SWIR), Mid-Wave Infrared (MWIR). The Visible/Near-Infrared (VNIR) segment held the majority share in 2022 with respect to the Hyperspectral Imaging System Market revenue. This is primarily because of the ease of operating and high efficiency of VNIR products. The VNIR systems make a false-color composite image made using near-infrared, green, and blue wavelengths. They are used in the healthcare and agriculture sectors.


However, Mid-Wave Infrared (MWIR) is anticipated to be the fastest-growing segment owing to the rising adoption of MWIR systems in sensing volcanic vents, industrial gas leaks, or biomass burning events.


September 2022: the U.S. and NASA Geographical Survey launched mapping propotion of Southwest United States for critical minerals using advanced airborne imaging. The scientists will understand biology, the Earth's geology, and impact of climate change through hyperspectral data from hundreds of wavelengths of reflected light.


Hyperspectral Imaging System Type Insights


The Hyperspectral Imaging System Market segmentation, based on application, includes Surveillance, Remote Sensing, Machine Vision/Optical, and Medical Diagnostics. The surveillance segment dominated the market in 2022 with respect to hyperspectral imaging system market data and is anticipated to be the faster-growing segment during the study period. This is prior to increasing applications of HIS in the defense sector and increasing government investments and funding. HISs, for example, are used in a variety of military and government applications, as well as, satellites, high-altitude reconnaissance aircraft, and medium-altitude commercial aircraft. These are the factors positively implanting Hyperspectral Imaging Systems market growth and, thus, the hyperspectral imaging system industry.


However, the remote sensing segment is anticipated to exhibit the fastest revenue CAGR during the study period due to more applications in agriculture to observe crops for invasive plant species and diseases. This provides valuable data for decision-making for pesticide or herbicide application and supports the cost-benefit ratio. Moreover, both of the remaining segments are projected to show notable growth during the forecast period, 2022-2023.


September 2022: Resonon, a hyperspectral imaging company, announced two new NIR range (925 - 1700 nm), Pika IR-L+ and hyperspectral imagers: the Pika IR-L. In contrast to the current generation of NIR images, the new images are smaller, roughly three times lighter, and have a greater spectral resolution. This approval has further widened the growth opportunity for the Hyperspectral Imaging System industry.


October 2021: Cubert GMBH made an announcement about the HIS-ULTRIS 5 tiny Hyperspectral Video Imager based on Light Field Technology.


Figure 1: Hyperspectral Imaging System Market, 2022 & 2032 (USD billion)
Hyperspectral Imaging System Market


Source: MRFR Database, Secondary Research, Primary Research, and Analyst Review


Additionally, lightweight specialized Commercial Off-The-Shelf (COTS) sensors can be used on the ground and in vehicles for checkpoint inspections, spectrum tagging, border control, and many other applications. Rising awareness among companies about the ability of hyperspectral imaging to perceive naval and aircraft vessel corrosion and to give high-resolution spectral and spatial data that points at metal corrosion indicators that are resulting in the increasing use of this technology in the military sector. These factors are contributing to the revenue growth of the segment.


Hyperspectral Imaging System Regional Insights


The study states market insights into North America, Asia-Pacific, Europe,  and the Rest of the World, by region. The North American HIS market accounted for USD 5.1 billion in 2022 and is anticipated to record a significant CAGR growth during the forecast period. This is owing to the long-standing healthcare sector and increasing healthcare spending in the region.


Further, the main countries studied in the market report are The U.S., Canada, Germany, the UK, France, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2: HYPERSPECTRAL IMAGING SYSTEM MARKET SHARE BY REGION 2022 (%)
Hyperspectral Imaging System Market


Source: MRFR Database, Secondary Research, Primary Research, and Analyst Review


Europe’s hyperspectral imaging system market accounts for the second-largest market share due to the increasing strength of regulatory authorities to oversee cancer. Moreover, the increasing spending on defense and the surge in demand for innovative and accessible hyperspectral imaging systems have led to rising demand for HIS in the region. Further, the German market of hyperspectral imaging system held the largest market share, and the UK market of hyperspectral imaging system was the fastest-growing market in the European region.


The Asia-Pacific Hyperspectral Imaging System Market is expected to rise at the fastest CAGR from 2023 to 2030. This is due to the growing mining activities and rising biotechnology and agriculture sectors in developing countries such as India. Moreover, the China market of hyperspectral imaging system held the largest market share, and the India market of hyperspectral imaging system was the fastest-growing market in the Asia-Pacific region.


Hyperspectral Imaging System Key Market Players and Competitive Insights


Key market players are spending a lot of amount on research and development to grow their product lines, which will benefit the market of hyperspectral imaging system. Competitors are also taking a lot of strategic measures to grow their global footprint, with key market developments such as new product launching, contract-based agreements, mergers and acquisitions, increasing investments, and collaborating with other organizations. Participants in the hyperspectral imaging system industry must provide low-cost products to expand and pull through a highly competitive environment.


One of the primary business strategies used by producers in the global hyperspectral imaging system industry to satisfy clients and inflate the market sector is to produce locally to lower operating costs. In current years, the hyperspectral imaging system industry has benefited from some of the most significant advancing solutions. The hyperspectral imaging system markets major players such as Headwall Photonics Inc., Specim, Spectral Imaging Ltd., Norsk Elektro Optikk as (NEO), Resonon Inc., Corning Incorporated and others are working to increase the market demand by spending on research and development activities.


Specim, Spectral Imaging ltd. was founded in 1955. The company offers a wide range of hyperspectral cameras, software systems, imaging spectrographs, and supplements to serve machine builders, researchers, integrators, and government organizations globally.


Headwall Photonics Inc., a company founded in 2003, offers a variety of precision optical components, including holographic diffraction gratings, custom OEM spectrometers, and sensors, as well as fully integrated hardware/software hyperspectral imaging systems, each of which is built upon proprietary technology from the component level all the way through the systems and solutions software.


Major Companies in the market of Hyperspectral Imaging System include



  • Headwall Photonics Inc.

  • Specim, Spectral Imaging Ltd.

  • Norsk Elektro Optikk as (NEO)

  • Resonon Inc.

  • Corning Incorporated

  • Telops

  • Applied Spectral Imaging

  • Bayspec Inc.

  • Surface Optics Corporation

  • Chemimage Corporation, among others


Hyperspectral Imaging System Industry Developments


2021: Resonon, Inc. (US) launched the Pika NUV2 Camera, which catches a spectral range of 330-800 nm and is the only commercially convienient hyperspectral imager that scans ultraviolet light.


2021 Headwall Photonics (US) did collaborate with NSF Engineering Research Center (US), which aids in amplifying sensor development and deployment in the area of precision agriculture.


2021 Resonon, Inc. (US) contracted with the National Aeronautics and Space Administration (NASA, US), which focuses to make a new lunar calibration standard. Resonon will cooperate on the design, build, calibration, and validation of the spaceflight instrument.


Hyperspectral Imaging System Market Segmentation


Hyperspectral Imaging System Product Outlook



  • Visible/Near-Infrared (VNIR)

  • Short-Wave Infrared (SWIR)

  • Mid-Wave Infrared (MWIR)

  • Long-Wave Infrared (LWIR)


Hyperspectral Imaging System Application Outlook



  • Surveillance

  • Remote Sensing

  • Machine Vision/Optical

  • Medical Diagnostics


Hyperspectral Imaging System Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 5.1 billion
Market Size 2023 USD 6.02 billion
Market Size 2030 USD 16.7 billion
Compound Annual Growth Rate (CAGR) 18% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2019 – 2021
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Growth Factors, Market Competitive Landscape, and Trends
Segments Covered Product and Application
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S, Canada, Germany, the UK, France, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Headwall Photonics Inc. Specim, Spectral Imaging Ltd., Norsk Elektro Optikk as (NEO), Resonon Inc., and Corning Incorporated.
Key Market Opportunities ·         Increasing growth in various incurable diseases
Key Market Dynamics ·         Huge spending on R&D for the development of efficient imaging solutions.




Frequently Asked Questions (FAQ) :

The size of the Hyperspectral Imaging System Market was valued at USD 5.1 Billion in 2022.

The global market is expected to rise at a CAGR of 18% during the study period, 2023-2032.

North America has held the largest share of the global market

The key players in the market are Headwall Photonics Inc. Specim, Spectral Imaging Ltd., Norsk Elektro Optikk as (NEO), Resonon Inc., and Corning Incorporated.

The visible/Near-Infrared (VNIR) category dominated the market in 2022.

The surveillance category had the largest share of the global market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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