Global Hyperspectral Imaging Systems Market Sales Market by Overview, Manufacturing Cost Structure Analysis, Growth Opportunities & Restraints to 2024

Global Hyperspectral Imaging Systems Market By Component (Hyperspectral Cameras, Accessories), Application (Military Surveillance, Remote Sensing, Machine Vision/Optical Sorting, Life Sciences & Medical Diagnostics), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

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Global Hyperspectral Imaging Systems Market Analysis:

The global hyperspectral imaging systems market accounted to USD 7.21 billion in 2016 growing at a CAGR of 11.70% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Major Market Drivers and Restraints:

• More technological advancement in sensor designing
• Manufacturing of light weighted and low cost cameras
• Increase in the adoption of HSI in research
• High range of HSI along with higher processing complexity

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Global Hyperspectral Imaging Systems Market Segmentation:

On the basis of components, global hyperspectral imaging systems market is segmented into hyperspectral cameras and accessories. In 2016, hyperspectral cameras held large market share due to the increase in new application adoption as well as low cost.

On the basis of geography, global hyperspectral imaging systems market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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Global Hyperspectral Imaging Systems Market Competitive Analysis:

The global hyperspectral imaging systems market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes hyperspectral imaging systems market shares for global, Europe, North America, Asia Pacific, and South America.

Major Market Competitors:

Some of the major players operating in global hyperspectral imaging systems market are Corning Incorporated (U.S.), Headwall Photonics, Inc. (U.S.), Resonon (U.S.), Norsk Elektro Optikk AS (Norway), SPECIM, Spectral Imaging Ltd. (Finland), Applied Spectral Imaging Inc. (U.S.), Telops (Canada), BaySpec Inc. (U.S.), ChemImage Corp. (U.S.), Surface Optics Corporation (U.S.), IMEC (Belgium), Brandywine Photonics LLC (U.S.), FluxData Inc. (U.S.), Corescan (Australia), Gilden Photonics Ltd. (U.K), and Merrick & Company (U.S), among others.

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