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What’s Driving the Hyperspectral Imaging Market Growth? | Key Players Corning Incorporated, SPECIM, Spectral Imaging Ltd., Applied Spectral Imaging, XIMEA, Applied Spectral Imaging, imec

06-20-2019 12:36 PM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

/ PR Agency: Hyperspectral Imaging Market
Hyperspectral Imaging Market

Hyperspectral Imaging Market

Global Hyperspectral Imaging Market report 2025 focuses on the major Types and Applications for the key players. The study report also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The market research report is a professional and in-depth study on the current state of global industry.

North America leads the hyperspectral imaging market due to the early adoption of the technology in the region. The research & development activities in the region also support the market growth. In 2016, around USD 27 billion were spent on R&D in medical technology globally, of which around 30% to 35% investments were done by North America. The Asia Pacific is estimated to become the most lucrative market due to the increasing number of manufacturing units in the region. The declining price of the semiconductor devices in the region also drives the hyperspectral imaging market growth.

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Technological advancements in the design of the sensors and cameras also support the growth of the hyperspectral imaging market. The manufacturing of the compact, lightweight, and low-cost peripheral devices that are used in industrial applications is propelling the market. However, a major hindrance to the growth of market is the relative complexity in analyzing and processing excessive amounts of imaging data gathered using hyperspectral imaging system. Moreover, the high cost of cameras is another challenge for the market growth, which can be overcome by advancements in technologies.

Agriculture, military surveillance, chemical imaging, environmental monitoring, food and beverages processing, and remote sensing are the major applications of the hyperspectral imaging market. The adoption of the hyperscale imaging in the agriculture sector is estimated to increase substantially during the forecast period. The growth of the market is propelled by the growing adoption of the hyperspectral imaging in acquiring the images of crops for monitoring their development. Furthermore, it is also used to gather information regarding climatic conditions and maintain the health of specific crops.

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The prominent vendors in hyperspectral imaging market are Headwall Photonics, Corning, Specim, Spectral Imaging, Resonon, Ximea, Telops, Brandywine photonics, Norsk Elektro Optikk, Applied Spectral Imaging, BaySpec, Imec, Surface Optics, and ChemImage. Product development and innovations are the primary strategies used by the market players to gain the market share and expand the product portfolio.

For instance, in January 2018, Imec introduced ‘Snapscan’, the first camera having benefits of line scan (featured with high-speed image quality) and snapshot technologies based on the hyperspectral imaging. In January 2018, Specim introduced ‘Specim IQ’, the new generation portable camera featuring an inbuilt scanner, touch-screen interface, and on-board processing. It is capable of performing various operations in different fields such as food analysis, art analysis, vegetation research, crime investigation, and the health sector.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/hyperspectral-imaging-market

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology

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