Product Code: GVR-2-68038-788-9
Hyperspectral Imaging Systems Market Growth & Trends:
The global hyperspectral imaging systems market size is expected to reach USD 28.63 billion by 2030, expanding at a CAGR of 10.7% from 2024 to 2030, according to a new report by Grand View Research Inc. It is anticipated to expand at a CAGR of 10.3% during the forecast period. New product launches coupled with advancements in technology, designs, and features are driving the demand from various fields, such as military, remote sensing, healthcare, mining, vision and optical, and meteorology. There are certain advantages of hyperspectral imaging, such as the non-requirement of prior knowledge of the spectrum and sample.
In addition, it provides extensive information for analyzing and processing the image. These advantages are anticipated to drive investments from market players, which is anticipated to drive the demand during the forecast period. Hyperspectral imaging is being used extensively in the healthcare sector, mainly for ophthalmology, gastrointestinal procedures, tissue diagnosis, fluorescence microscopy, and vascular system imaging. The increasing application can be attributed mainly to the high clarity and accuracy of this imaging method.
Rapid industrialization along with demand for high bandwidth communication is poised to fuel the growth of the hyperspectral imaging systems market in the forthcoming years. In addition, existing market players are switching to advanced technologies to gain competitive advantages. A rise in R&D and growth opportunities in emerging countries and the aim to maintain international product quality standards are anticipated to drive market expansion.
Affordable electronic circuits and high-speed technologies have cascaded into the introduction of advanced sensor technologies. Furthermore, advancements in sensor technologies have improved the image quality, economic efficiency, and reliability of the technical products and thus, are anticipated to fuel the market growth.
Hyperspectral Imaging Systems Market Report Highlights:
- Hyperspectral camera is estimated to hold the largest market share in the near future due to the recent advancements in sensor development, which have led to the growth of the camera segment
- The military segment accounted for the largest market share due to advancements in data management of hyperspectral imaging along with component fabrication techniques, better accuracy, and consistency compared to other conventional imaging techniques
- Asia Pacific has been estimated to be the fastest growing region due to the presence of a large pool of patients, increasing healthcare awareness, rising government funding for R&D, and upcoming research projects
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Product
- 1.2.2. Technology
- 1.2.3. Application
- 1.2.4. Regional scope
- 1.2.5. Estimates and forecasts timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased database
- 1.4.2. GVR's internal database
- 1.4.3. Secondary sources
- 1.4.4. Primary research
- 1.4.5. Details of primary research
- 1.4.5.1. Data for primary interviews in North America
- 1.4.5.2. Data for primary interviews in Europe
- 1.4.5.3. Data for primary interviews in Asia Pacific
- 1.4.5.4. Data for primary interviews in Latin America
- 1.4.5.5. Data for Primary interviews in MEA
- 1.5. Information or Data Analysis
- 1.5.1. Data analysis models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity flow analysis (Model 1)
- 1.7.2. Approach 1: Commodity flow approach
- 1.7.3. Volume price analysis (Model 2)
- 1.7.4. Approach 2: Volume price analysis
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
- 1.10. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Product outlook
- 2.2.2. Technology outlook
- 2.2.3. Application outlook
- 2.2.4. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Hyperspectral Imaging Systems Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.1.1. Technological advancements and wide applications in various industries
- 3.2.1.2. Rising demand for remote sensing
- 3.2.1.3. Rising need for data accuracy and consistency
- 3.2.2. Market restraint analysis
- 3.2.2.1. High cost of equipment
- 3.2.2.2. Lack of standardization and interoperability
- 3.3. Hyperspectral Imaging Systems Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Technological landscape
- 3.3.2.3. Economic landscape
Chapter 4. Hyperspectral Imaging Systems Market: Product Estimates & Trend Analysis
- 4.1. Modality Market Share, 2023 & 2030
- 4.2. Segment Dashboard
- 4.3. Global Hyperspectral Imaging Systems Market by Product Outlook
- 4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 4.4.1. Camera
- 4.4.1.1. Camera market estimates and forecasts 2018 to 2030 (USD Million)
- 4.4.2. Accessories
- 4.4.2.1. Accessories ultrasound market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 5. Hyperspectral Imaging Systems Market: Technology Estimates & Trend Analysis
- 5.1. Modality Market Share, 2023 & 2030
- 5.2. Segment Dashboard
- 5.3. Global Hyperspectral Imaging Systems Market by Technology Outlook
- 5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 5.4.1. Snapshot
- 5.4.1.1. Snapshot market estimates and forecasts 2018 to 2030 (USD Million)
- 5.4.2. Push Broom
- 5.4.2.1. Push Broom market estimates and forecasts 2018 to 2030 (USD Million)
- 5.4.3. Others
- 5.4.3.1. Others market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 6. Hyperspectral Imaging Systems Market: Application Estimates & Trend Analysis
- 6.1. Application Market Share, 2023 & 2030
- 6.2. Segment Dashboard
- 6.3. Global Hyperspectral Imaging Systems Market by Application Outlook
- 6.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 6.4.1. Military Surveillance
- 6.4.1.1. Military surveillance market estimates and forecasts 2018 to 2030 (USD Million)
- 6.4.2. Remote Sensing
- 6.4.2.1. Remote sensing market estimates and forecasts 2018 to 2030 (USD Million)
- 6.4.3. Medical Diagnostics
- 6.4.3.1. Medical diagnostics market estimates and forecasts 2018 to 2030 (USD Million)
- 6.4.4. Machine Vision & Optical Sorting
- 6.4.4.1. Machine vision & optical sorting market estimates and forecasts 2018 to 2030 (USD Million)
- 6.4.5. Others
- 6.4.5.1. Others market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 7. Hyperspectral Imaging Systems Market: Regional Estimates & Trend Analysis
- 7.1. Regional Market Share Analysis, 2023 & 2030
- 7.2. Regional Market Dashboard
- 7.3. Global Regional Market Snapshot
- 7.4. Market Size, & Forecasts Trend Analysis, 2018 to 2030:
- 7.5. North America
- 7.5.1. Regulatory framework/ reimbursement structure
- 7.5.2. U.S.
- 7.5.2.1. Key country dynamics
- 7.5.2.2. Competitive scenario
- 7.5.2.3. U.S. market estimates and forecasts 2018 to 2030 (USD Million)
- 7.5.3. Canada
- 7.5.3.1. Key country dynamics
- 7.5.3.2. Competitive scenario
- 7.5.3.3. Canada market estimates and forecasts 2018 to 2030 (USD Million)
- 7.6. Europe
- 7.6.1. Regulatory framework/ reimbursement structure
- 7.6.2. UK
- 7.6.2.1. Key country dynamics
- 7.6.2.2. Competitive scenario
- 7.6.2.3. UK market estimates and forecasts 2018 to 2030 (USD Million)
- 7.6.3. Germany
- 7.6.3.1. Key country dynamics
- 7.6.3.2. Competitive scenario
- 7.6.3.3. Germany market estimates and forecasts 2018 to 2030 (USD Million)
- 7.6.4. France
- 7.6.4.1. Key country dynamics
- 7.6.4.2. Competitive scenario
- 7.6.4.3. France market estimates and forecasts 2018 to 2030 (USD Million)
- 7.6.5. Italy
- 7.6.5.1. Key country dynamics
- 7.6.5.2. Competitive scenario
- 7.6.5.3. Italy market estimates and forecasts 2018 to 2030 (USD Million)
- 7.6.6. Spain
- 7.6.6.1. Key country dynamics
- 7.6.6.2. Competitive scenario
- 7.6.6.3. Spain market estimates and forecasts 2018 to 2030 (USD Million)
- 7.6.7. Norway
- 7.6.7.1. Key country dynamics
- 7.6.7.2. Competitive scenario
- 7.6.7.3. Norway market estimates and forecasts 2018 to 2030 (USD Million)
- 7.6.8. Sweden
- 7.6.8.1. Key country dynamics
- 7.6.8.2. Competitive scenario
- 7.6.8.3. Sweden market estimates and forecasts 2018 to 2030 (USD Million)
- 7.6.9. Denmark
- 7.6.9.1. Key country dynamics
- 7.6.9.2. Competitive scenario
- 7.6.9.3. Denmark market estimates and forecasts 2018 to 2030 (USD Million)
- 7.7. Asia Pacific
- 7.7.1. Regulatory framework/ reimbursement structure
- 7.7.2. Japan
- 7.7.2.1. Key country dynamics
- 7.7.2.2. Competitive scenario
- 7.7.2.3. Japan market estimates and forecasts 2018 to 2030 (USD Million)
- 7.7.3. China
- 7.7.3.1. Key country dynamics
- 7.7.3.2. Competitive scenario
- 7.7.3.3. China market estimates and forecasts 2018 to 2030 (USD Million)
- 7.7.4. India
- 7.7.4.1. Key country dynamics
- 7.7.4.2. Competitive scenario
- 7.7.4.3. India market estimates and forecasts 2018 to 2030 (USD Million)
- 7.7.5. Australia
- 7.7.5.1. Key country dynamics
- 7.7.5.2. Competitive scenario
- 7.7.5.3. Australia market estimates and forecasts 2018 to 2030 (USD Million)
- 7.7.6. South Korea
- 7.7.6.1. Key country dynamics
- 7.7.6.2. Competitive scenario
- 7.7.6.3. South Korea market estimates and forecasts 2018 to 2030 (USD Million)
- 7.7.7. Thailand
- 7.7.7.1. Key country dynamics
- 7.7.7.2. Competitive scenario
- 7.7.7.3. Thailand market estimates and forecasts 2018 to 2030 (USD Million)
- 7.8. Latin America
- 7.8.1. Regulatory framework/ reimbursement structure
- 7.8.2. Brazil
- 7.8.2.1. Key country dynamics
- 7.8.2.2. Competitive scenario
- 7.8.2.3. Brazil market estimates and forecasts 2018 to 2030 (USD Million)
- 7.8.3. Mexico
- 7.8.3.1. Key country dynamics
- 7.8.3.2. Competitive scenario
- 7.8.3.3. Mexico market estimates and forecasts 2018 to 2030 (USD Million)
- 7.8.4. Argentina
- 7.8.4.1. Key country dynamics
- 7.8.4.2. Competitive scenario
- 7.8.4.3. Argentina market estimates and forecasts 2018 to 2030 (USD Million)
- 7.9. MEA
- 7.9.1. Regulatory framework/ reimbursement structure
- 7.9.2. South Africa
- 7.9.2.1. Key country dynamics
- 7.9.2.2. Competitive scenario
- 7.9.2.3. South Africa market estimates and forecasts 2018 to 2030 (USD Million)
- 7.9.3. Saudi Arabia
- 7.9.3.1. Key country dynamics
- 7.9.3.2. Competitive scenario
- 7.9.3.3. Saudi Arabia market estimates and forecasts 2018 to 2030 (USD Million)
- 7.9.4. UAE
- 7.9.4.1. Key country dynamics
- 7.9.4.2. Competitive scenario
- 7.9.4.3. UAE market estimates and forecasts 2018 to 2030 (USD Million)
- 7.9.5. Kuwait
- 7.9.5.1. Key country dynamics
- 7.9.5.2. Competitive scenario
- 7.9.5.3. Kuwait market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company/Competition Categorization
- 8.3. Vendor Landscape
- 8.3.1. Key customers
- 8.3.2. Key company market share analysis, 2023
- 8.3.3. Corning Incorporated
- 8.3.3.1. Company overview
- 8.3.3.2. Financial performance
- 8.3.3.3. Product benchmarking
- 8.3.3.4. Strategic initiatives
- 8.3.4. Specim, Spectral Imaging Ltd
- 8.3.4.1. Company overview
- 8.3.4.2. Financial performance
- 8.3.4.3. Product benchmarking
- 8.3.4.4. Strategic initiatives
- 8.3.5. Resonon Inc.
- 8.3.5.1. Company overview
- 8.3.5.2. Financial performance
- 8.3.5.3. Product benchmarking
- 8.3.5.4. Strategic initiatives
- 8.3.6. Headwall Photonics
- 8.3.6.1. Company overview
- 8.3.6.2. Financial performance
- 8.3.6.3. Product benchmarking
- 8.3.6.4. Strategic initiatives
- 8.3.7. Telops
- 8.3.7.1. Company overview
- 8.3.7.2. Financial performance
- 8.3.7.3. Product benchmarking
- 8.3.7.4. Strategic initiatives
- 8.3.8. Norsk Elektro Optikk
- 8.3.8.1. Company overview
- 8.3.8.2. Financial performance
- 8.3.8.3. Product benchmarking
- 8.3.8.4. Strategic initiatives
- 8.3.9. Surface Optics Corporation
- 8.3.9.1. Company overview
- 8.3.9.2. Financial performance
- 8.3.9.3. Product benchmarking
- 8.3.9.4. Strategic initiatives
- 8.3.10. BaySpec, Inc.
- 8.3.10.1. Company overview
- 8.3.10.2. Financial performance
- 8.3.10.3. Product benchmarking
- 8.3.10.4. Strategic initiatives
- 8.3.11. HAIP Solutions GmbH
- 8.3.11.1. Company overview
- 8.3.11.2. Financial performance
- 8.3.11.3. Product benchmarking
- 8.3.11.4. Strategic initiatives
- 8.3.12. XIMEA GmbH
- 8.3.12.1. Company overview
- 8.3.12.2. Financial performance
- 8.3.12.3. Product benchmarking
- 8.3.12.4. Strategic initiatives
- 8.3.13. imec
- 8.3.13.1. Company overview
- 8.3.13.2. Financial performance
- 8.3.13.3. Product benchmarking
- 8.3.13.4. Strategic initiatives
Chapter 9. Analyst Perspectives