Global Hyperspectral Imaging Market Trends, Size, Share, Development and Demand Forecast to 2022
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The rapid growth in emerging economies is expected to create opportunity for the manufacturers of hyperspectral imaging products. However, high cost associated with the use of hyperspectral imaging, lack of skilled professionals, lack of awareness, and analyzing the high amount of imaging data generated are the key factors hampering the growth of the global market.
Hyperspectral imaging is a process of collecting and processing information across the electromagnetic spectrum. It is the combination of spectroscopy and digital imaging used to produce hyperspectral images with spectroscopic methods such as visible, near-infrared and fluorescence imaging. It can also measure emission, absorption and reflection of electromagnetic radiation and identifies immitigable spectral signature. It provides increased sensitivity and discrimination abilities over the conventional imaging and detection methods. Hyperspectral imaging leads to a massively improved ability to categorize the objects based on their spectral properties. Hyperspectral imaging uses reflected, transferred, or emitted light from each point in the sample image to generate a spectral-based contrast in the image.
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Globally, the hyperspectral imaging market is expected to witness the fastest growth in Asia-Pacific during the forecast period. The highest growth in the region is attributed to the increasing number of research projects, increasing healthcare awareness, mining explorations, and environmental testing.
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The key players operating in the global hyperspectral imaging market are Headwall Photonics Inc., Corning Incorporated, Resonon, Telops Inc., Norsk Elektro Optikk AS, Bayspec Inc., Surface Optics Corporation, Applied Spectral imaging, and Chemimage Corporation.
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