The latest report published by IMARC Group, titled “Hyperspectral Imaging Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on hyperspectral imaging systems market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global hyperspectral imaging systems market size reached US$ 16.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 43.3 Billion by 2028, exhibiting a growth rate (CAGR) of 16.5% during 2023-2028.
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Market Trends:
The global market is primarily driven by the growing need for advanced analytical methods in various sectors such as agriculture and mineral exploration. In line with this, the increasing adoption of these systems in environmental monitoring and surveillance is also providing an impetus to the market. In addition to this, the integration of advanced technologies, such as artificial intelligence, to improve data analysis is resulting in higher demand for these systems. Moreover, the expansion of research activities in space exploration and remote sensing is creating lucrative opportunities in the market. The market is further driven by the development of portable and cost-effective medical devices that cater to disease diagnosis and treatment monitoring. Some of the other factors contributing to the market include rapid advancements in sensor technology, the integration of HSI with other imaging modalities, and extensive collaborations between industry players and research institutions.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
• Applied Spectral Imaging
• BaySpec Inc.
• ChemImage Corporation
• Corning Incorporated
• Cubert GmbH
• Headwall Photonics
• Norsk Elektro Optikk AS (NEO)
• Resonon Inc.
• Specim
• Spectral Imaging Ltd.
• Surface Optics Corporation
• Telops Inc.
Hyperspectral Imaging Systems Market Segmentation:
Our report has categorized the market based on region, product type, application and technology.
Breakup by Product Type:
• Cameras
• Accessories
Breakup by Application:
• Military Surveillance
• Remote Sensing
o Agriculture
o Mining/Mineral Mapping
o Environmental Monitoring
o Others
• Life Sciences & Medical Diagnostics
• Machine Vision & Optical Sorting
• Others
Breakup by Technology:
• Pushbroom
• Snapshot
• Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain,