ID: MRFR/HC/7269-HCR | February 2023 | Region: Global | 90 Pages
Hyperspectral Imaging System Market will grow at CAGR of 18.10% to hit $ 15582.37 Million by 2030
$15582.37 Million
18.10%
North America
2022-2030
The Hyperspectral Imaging System Market is projected to reach USD 15582.37 Million by 2030 at 18.10% CAGR during the forecast period 2022-2030.
Hyperspectral Imaging System Market Synopsis
Hyperspectral Imaging Systems (HIS) are also known as imaging spectroscopy. It was originated from remote sensing and has various applications in surveillance, remote sensing, machine vision/optical, and medical diagnostics. It can acquire 2D images across a wide range of the electromagnetic spectrum. Increasing applications for research in life sciences and the medical diagnostics sector in the past few years are responsible for a surge in demand for hyperspectral imaging systems. The key players involved in this hyperspectral imaging system market are actively focusing upon building partnerships, collaborations, and joint ventures with hospitals and ambulatory centers to strengthen their position in the hyperspectral imaging system market. Moreover, there is an increasing growth in various chronic diseases, which pushes the need for efficient hyperspectral imaging systems in the developing as well as underdeveloped regions.
Hyperspectral Imaging System Market Influencer
Rising funding and investments for the development of hyperspectral medical imaging systems are likely to provide favorable conditions for the growth of the hyperspectral medical imaging system market during the forecast period.
Hyperspectral Imaging System Market Drivers
Market Restraints
By Product
By Technology
By Application
By Region
Key Players
Report Attribute/Metric | Details |
---|---|
Market Size | 2030: USD 15582.37 Million |
CAGR | 18.10% (2022-2030) |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Product, Application and Technology |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Headwall Photonics, Inc. (the US), Specim, Spectral Imaging Ltd. (Finland), Norsk Elektro Optikk as (NEO) (Norway), Resonon, Inc. (the US), Corning Incorporated(US), Telops (Canada), Applied Spectral Imaging(US), Bayspec, Inc.(the US), Surface Optics Corporation (US), Chemimage Corporation (US), Cubert GmbH (Germany), Raytheon (US), Galileo Group, Inc.(the US), Hypermed Imaging, Inc.(the US), Inno-Spec (Germany), Camlin Group Ltd. (UK), IMEC (Belgium) and XIMEA GmbH (Germany) |
Key Market Opportunities | Increasing growth in various chronic diseases |
Key Market Drivers |
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The majority of the hyperspectral imaging systems are used for defense and surveillance. Additionally, it can detect satellites, high-altitude reconnaissance aircraft, medium-altitude commercial aircraft, and drones.
Hyperspectral Imaging Systems (HIS) are also known as imaging spectroscopy. It was originated from remote sensing and has various applications in surveillance, remote sensing, machine vision/optical, and medical diagnostics. It can acquire 2D images across a wide range of the electromagnetic spectrum.
Hyperspectral Imaging System Market held a revenue of USD 15582.37 Million in 2030.
2022 to 2030 is the growth period of the Global Hyperspectral Imaging System Market.
Hyperspectral Imaging System Market will record a CAGR of 18.10% for growth.
The rising funding and investments for the development of hyperspectral medical imaging systems are likely to prosper favorable conditions for the growth of the hyperspectral medical imaging system market.
Market restraints for the growth is towering costs linked with HIS are likely to hamper the market growth.