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New Fact.MR Reports Explore Global Hyperspectral Imaging Market| Airbus Defence and Space, Hexagon AB, CYIENT, Planet Labs, Satellogic SA and others

02-09-2021 09:58 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

New Fact.MR Reports Explore Global Hyperspectral Imaging

Backed by increasing demand for efficient imagery analytics from industry clusters, the hyperspectral imaging market is witnessing an upsurge. Projecting the market growth at a steady CAGR of 5% from 2019 to 2029, a new report by Fact.MR provides an inclusive analysis of the hyperspectral imaging market. The growth is primarily fueled by equal demand from private companies and governments, which are leveraging on the benefits of the technology, to incorporate in their applications.

Browse Full Report, visit: https://www.factmr.com/report/4570/hyperspectral-imaging-market

Hyperspectral Imaging Market - Key Takeaways

The global hyperspectral imaging market is expected to triple its market value by the end of the forecast period.

Forestry and agricultural applications will account for the majority of share on the back of wide adoption of imaging services across numerous applications.

Aerospace & defense will be one of the most lucrative end-use industries and is expected to grow at a healthy CAGR.

Owing to high spending in imaging technology, North America will reign supremacy as the leading regional market for hyperspectral imaging.

Invigorated by surging adoption of imaging services in major industries, East Asia is anticipated to witness a tremendous growth at a CAGR of 14%.

Request for Sample detailed COVID-19 impact analysis on the hyperspectral imaging market @ https://www.factmr.com/connectus/sample?flag=S&rep_id=4570

Hyperspectral Imaging Market - Key Driving Factors

Owing to technological advancements in the remote sensing industry, the demand for hyperspectral imaging in land development-related industries such as agri-tech, real estate, and mining is propelling.

Targeted advertising, crowd simulation, and geodatabase for antiquities are some of the lucrative areas where the applications of hyperspectral imaging are growing year-on-year.

The growth is further being complemented by support from governments and militaries across the globe.

Hyperspectral Imaging Market - Key Restraint

The high cost and data storage issues associated with the use of hyperspectral imaging are likely to hinder the growth of the market.’

Competition Landscape

Some of the key players in the hyperspectral imaging market are Airbus Defence and Space, Hexagon AB, CYIENT, Planet Labs, and Satellogic SA, among others. The leading players are focusing on developing new technologies such as multisensory data fusion, cloud computing, and machine learning. Furthermore, to sustain the positive growth trajectory, the players are focusing on business expansion by providing services in niche applications, along with long terms contracts with government organizations. On this premise, emerging players such as FluroSat, SaranitaSat etc. have secured significant investments.

For More Detailed Information about Methodology @ https://www.factmr.com/connectus/sample?flag=RM&rep_id=4570

About the Report

The 170-page offers an unbiased analysis of the Hyperspectral Imaging market, presenting historical data (2014-2018) and forecast statistics for the period of 2019-2029. The study divulges essential insights on the Hyperspectral Imaging market on the basis of the end-use industry (mining and mineral, forestry and agriculture, infrastructure and urban planning, oil & gas, utility and energy, Aerospace & Defence, Environment Monitoring and Control and Other Industries) across seven major regions.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at: https://www.factmr.com/connectus/sample?flag=AE&rep_id=4570

 

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About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. We are headquartered in Dubai, and operate from our sales office in Dublin, Ireland. Reach out to us with your goals, and we’ll be an able research partner.

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