HOME Top Market Reports Hyperspectral Imaging Systems Market by Component (Hyperspectral Cameras, Accessories), Application (Military Surveillance, Remote Sensing, Machine Vision/Optical Sorting, Life Sciences & Medical Diagnostics) - Global Forecast to 2021

Hyperspectral Imaging Systems Market by Component (Hyperspectral Cameras, Accessories), Application (Military Surveillance, Remote Sensing, Machine Vision/Optical Sorting, Life Sciences & Medical Diagnostics) - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: MD 3581

 

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The global hyperspectral imaging systems market is projected to reach USD 12.71 Billion by 2021 from USD 7.41 Billion in 2016, at a CAGR of 11.4% during the forecast period. In this report, the global market is segmented on the basis of component, application, and region.

Based on component, the market is categorized into hyperspectral cameras and accessories. In 2016, the hyperspectral cameras segment is expected to account for the largest share of the market due to the development of affordable HSI cameras, technological advancements, and the growing adoption of hyperspectral technology in defence and commercial applications.

Based on application, the market is segmented into military surveillance, remote sensing, machine vision/ optical sorting, life sciences & medical diagnostics, and other applications (colorimetry, meteorology, thin film manufacturing, and night vision). The life sciences & medical diagnostics segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the advancements in hyperspectral cameras and accuracy of image data & analysis.

A number of factors, such as growing number of research projects using hyperspectral imaging techniques and widening industrial applications of HSI are driving the growth of this market. However, the high cost associated with the use of hyperspectral imaging technology is expected to restrain the growth of this market in the coming years.

Key players operating in the hyperspectral imaging systems market include Headwall Photonics, Inc. (U.S.), Corning Incorporated (U.S.), SPECIM, Spectral Imaging Ltd. (Finland), Resonon (U.S.), Telops (Canada), Norsk Elektro Optikk AS (Norway), Applied Spectral Imaging (U.S.), BaySpec Inc. (U.S.), Surface Optics Corporation (U.S.), and ChemImage Corporation (U.S.).

Target Audience:

  • Hyperspectral imaging system providers
  • Original equipment manufacturers (OEMs)
  • Research organizations & consulting firms
  • Technology standards organizations
  • Alliances & associations related to HSI technology
  • Venture capitalists & investors

To know about the assumptions considered for the study, download the pdf brochure

Scope of the Report

  • This study covers the global and regional market for hyperspectral imaging systems—by component, application, and region

Particular

Scope

Region

  • North America
  • Europe
  • Asia-Pacific
  • RoW

Historical Years

2014

Base Year

2015

Estimated Year

2016

Forecast Period

2016–2021

Revenue Currency

USD

Market Segmentation

Hyperspectral Imaging Systems Market, by Component

  • Hyperspectral Cameras
  • Accessories

Hyperspectral Imaging Systems, by Application

  • Military Surveillance
  • Remote Sensing
  • Machine Vision/Optical Sorting
  • Life Sciences & Medical Diagnostics
  • Other Applications (Colorimetry, Meteorology, Thin Film Manufacturing, and Night Vision)

Hyperspectral Imaging Systems Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia-Pacific
    • Japan
    • China
    • India
    • Rest of Asia-Pacific (RoAPAC)
  • Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company‘s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the European hyperspectral imaging systems market into Germany, France, the U.K., Italy, and Spain
  • Further breakdown of the APAC hyperspectral imaging systems market into India, China, and Japan.

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives of the Study
    1.2 Market Definition
           1.2.1 Markets Covered
           1.2.2 Years Considered for the Study
    1.3 Currency
    1.4 Limitations
    1.5 Stakeholders

2 Research Methodology (Page No. - 15)
    2.1 Market Size Estimation
    2.2 Market Breakdown and Data Triangulation
    2.3 Assumptions for the Study

3 Executive Summary (Page No. - 22)
    3.1 Introduction
    3.2 Conclusion

4 Premium Insights (Page No. - 26)
    4.1 Hyperspectral Imaging Systems: Market Overview
    4.2 Hyperspectral Imaging Systems Market Size, By Component, 2016 vs 2021 (USD Billion)
    4.3 Hyperspectral Imaging Systems Market Size, By Application, 2016 vs 2021
    4.4 Hyperspectral Imaging Systems Market: Geographic Snapshot

5 Market Overview (Page No. - 29)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Market Drivers
                    5.2.1.1 Growing Number of Research Projects Using Hyperspectral Imaging Techniques
                    5.2.1.2 Widening Industrial Applications of Hsi
           5.2.2 Market Restraint
                    5.2.2.1 High Cost Associated With the Use of Hyperspectral Imaging
           5.2.3 Market Opportunity
                    5.2.3.1 Untapped Market Opportunities in Emerging Countries
           5.2.4 Market Challenge
                    5.2.4.1 Attaining Super-Resolution in A Cost-Effective Manner
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Suppliers
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry

6 Hyperspectral Imaging Systems Market, By Component (Page No. - 36)
    6.1 Introduction
    6.2 Hyperspectral Cameras
    6.3 Accessories

7 Hyperspectral Imaging Systems Market, By Application (Page No. - 43)
    7.1 Introduction
    7.2 Military Surveillance
    7.3 Remote Sensing
    7.4 Machine Vision/Optical Sorting
    7.5 Life Sciences and Medical Diagnostics
    7.6 Other Applications

8 Hyperspectral Imaging Systems Market, By Region (Page No. - 54)
    8.1 Introduction
    8.2 North America
           8.2.1 U.S.
           8.2.2 Canada
    8.3 Europe
           8.3.1 Germany
           8.3.2 France
           8.3.3 U.K.
           8.3.4 Spain
           8.3.5 Italy
           8.3.6 Rest of Europe (RoE)
    8.4 Asia-Pacific (APAC)
           8.4.1 China
           8.4.2 Japan
           8.4.3 India
           8.4.4 Rest of Asia-Pacific (RoAPAC)
    8.5 Rest of the World (RoW)

9 Competitive Landscape (Page No. - 79)
    9.1 Overview
    9.2 Market Analysis
           9.2.1 Introduction
    9.3 Competitive Situation and Trends
           9.3.1 Product Launches and Approvals
           9.3.2 Partnerships and Agreements
           9.3.3 Expansions
           9.3.4 Acquisitions

10 Company Profiles (Page No. - 86)
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
     10.1 Headwall Photonics, Inc.
     10.2 Corning Incorporated
     10.3 Specim, Spectral Imaging Ltd.
     10.4 Resonon
     10.5 Telops Inc.
     10.6 Norsk Elektro Optikk As
     10.7 Applied Spectral Imaging
     10.8 Bayspec Inc.
     10.9 Surface Optics Corporation
     10.10 Chemimage Corporation

*Details on Marketsandmarkets View, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments Might Not Be Captured in Case of Unlisted Companies.

11 Appendix (Page No. - 101)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Introducing RT: Real-Time Market Intelligence
     11.5 Available Customization
     11.6 Related Report
     11.7 Author Details


List of Tables (67 Tables)

Table 1 Hyperspectral Imaging Systems Market Size, By Component, 2014–2021 (USD Million)
Table 2 Hyperspectral Cameras Market Size, By Region, 2014–2021 (USD Million)
Table 3 North America: Hyperspectral Cameras Market Size, By Country, 2014–2021 (USD Million)
Table 4 Europe: Hyperspectral Cameras Market Size, By Country, 2014–2021 (USD Million)
Table 5 Asia-Pacific: Hyperspectral Cameras Market Size, By Country, 2014–2021 (USD Million)
Table 6 Hyperspectral Imaging System Accessories Market Size, By Region, 2014–2021 (USD Million)
Table 7 North America: Hyperspectral Imaging System Accessories Market Size, By Country, 2014–2021 (USD Million)
Table 8 Europe: Hyperspectral Imaging System Accessories Market Size, By Country, 2014–2021 (USD Million)
Table 9 Asia-Pacific: Hyperspectral Imaging System Accessories Market Size, By Country, 2014–2021 (USD Million)
Table 10 Market Size, By Application, 2014–2021 (USD Million)
Table 11 Market Size for Military Surveillance, By Region, 2014–2021 (USD Million)
Table 12 North America: Market Size for Military Surveillance, By Country, 2014–2021 (USD Million)
Table 13 Europe: Market Size for Military Surveillance, By Country, 2014–2021 (USD Million)
Table 14 Asia-Pacific: Market Size for Military Surveillance, By Country, 2014–2021 (USD Million)
Table 15 Market Size for Remote Sensing, By Region, 2014–2021 (USD Million)
Table 16 North America: Market Size for Remote Sensing, By Country, 2014–2021 (USD Million)
Table 17 Europe: Market Size for Remote Sensing, By Country, 2014–2021 (USD Million)
Table 18 Asia-Pacific: Market Size for Remote Sensing, By Country, 2014–2021 (USD Million)
Table 19 Market Size for Machine Vision/Optical Sorting, By Region, 2014–2021 (USD Million)
Table 20 North America: Market Size for Machine Vision/Optical Sorting, By Country, 2014–2021 (USD Million)
Table 21 Europe: Market Size for Machine Vision/Optical Sorting, By Country, 2014–2021 (USD Million)
Table 22 Asia-Pacific: Market Size for Machine Vision/Optical Sorting, By Country, 2014–2021 (USD Million)
Table 23 Market Size for Life Sciences and Medical Diagnostics, By Region, 2014–2021 (USD Million)
Table 24 North America: Market Size for Life Sciences and Medical Diagnostics, By Country, 2014–2021 (USD Million)
Table 25 Europe: Market Size for Life Sciences and Medical Diagnostics, By Country, 2014–2021 (USD Million)
Table 26 Asia-Pacific: Market Size for Life Sciences and Medical Diagnostics, By Country, 2014–2021 (USD Million)
Table 27 Market Size for Other Applications, By Region, 2014–2021 (USD Million)
Table 28 Market Size, By Region, 2014-2021 (USD Million)
Table 29 North America: Market Size, By Country, 2014-2021 (USD Million)
Table 30 North America: Market Size, By Component, 2014-2021 (USD Million)
Table 31 North America: Market Size, By Application, 2014-2021 (USD Million)
Table 32 U.S.: Market Size, By Component, 2014-2021 (USD Million)
Table 33 U.S.: Market Size, By Application, 2014-2021 (USD Million)
Table 34 Canada: Market Size, By Component, 2014-2021 (USD Million)
Table 35 Canada: Market Size, By Application, 2014-2021 (USD Million)
Table 36 Europe: Market Size, By Country, 2014-2021 (USD Million)
Table 37 Europe: Market Size, By Component, 2014-2021 (USD Million)
Table 38 Europe: Market Size, By Application, 2014-2021 (USD Million)
Table 39 Germany: Market Size, By Component, 2014-2021 (USD Million)
Table 40 Germany: Market Size, By Application, 2014-2021 (USD Million)
Table 41 France: Market Size, By Component, 2014-2021 (USD Million)
Table 42 France: Market Size, By Application, 2014-2021 (USD Million)
Table 43 U.K.: Market Size, By Component, 2014-2021 (USD Million)
Table 44 U.K.: Market Size, By Application, 2014-2021 (USD Million)
Table 45 Spain: Market Size, By Component, 2014-2021 (USD Million)
Table 46 Spain: Market Size, By Application, 2014-2021 (USD Million)
Table 47 Italy: Market Size, By Component, 2014-2021 (USD Million)
Table 48 Italy: Market Size, By Application, 2014-2021 (USD Million)
Table 49 RoE: Market Size, By Component, 2014-2021 (USD Million)
Table 50 RoE: Market Size, By Application, 2014-2021 (USD Million)
Table 51 Asia-Pacific: Market Size, By Country, 2014-2021 (USD Million)
Table 52 Asia-Pacific: Market Size, By Component, 2014-2021 (USD Million)
Table 53 Asia-Pacific: Market Size, By Application, 2014-2021 (USD Million)
Table 54 China: Market Size, By Component, 2014-2021 (USD Million)
Table 55 China: Market Size, By Application, 2014-2021 (USD Million)
Table 56 Japan: Market Size, By Component, 2014-2021 (USD Million)
Table 57 Japan: Market Size, By Application, 2014-2021 (USD Million)
Table 58 India: Market Size, By Component, 2014-2021 (USD Million)
Table 59 India: Market Size, By Application, 2014-2021 (USD Million)
Table 60 RoAPAC: Market Size, By Component, 2014-2021 (USD Million)
Table 61 RoAPAC: Market Size, By Application, 2014-2021 (USD Million)
Table 62 RoW: Market Size, By Component, 2014-2021 (USD Million)
Table 63 RoW: Market Size, By Application, 2014-2021 (USD Million)
Table 64 Product Launches and Approvals (2013–2016)
Table 65 Partnerships and Agreements (2013-2016)
Table 66 Expansions (2013–2016)
Table 67 Acquisitions (2013-2016)


List of Figures (28 Figures)

Figure 1 Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top Down Approach
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Data Triangulation Methodology
Figure 6 Key Data From Secondary Sources
Figure 7 Key Data Points From Primary Sources
Figure 8 Global Hyperspectral Imaging Systems Market Size, By Component, 2016 vs 2021
Figure 9 Global Hyperspectral Imaging Systems Market Size, By Application, 2016 vs 2021
Figure 10 Geographical Snapshot of the Hyperspectral Imaging Systems Market
Figure 11 Major Factors Driving the Growth of the Hyperspectral Imaging Systems Market
Figure 12 Hyperspectral Cameras to Account for the Largest Market Share in 2016
Figure 13 Lifesciences & Medical Diagnostics Segment to Witness Highest Growth During the Forecast Period
Figure 14 Asia-Pacific to Grow at the Highest CAGR in the Forecast Period
Figure 15 Hyperspectral Imaging Systems Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Hyperspectral Cameras to Dominate the Global Hyperspectral Imaging Systems Market, By Component, 2016 vs 2021 (USD Million)
Figure 17 North America Dominated the Hyperspectral Cameras Market in 2016
Figure 18 North America Dominated the Hyperspectral Imaging System Accessories Market in 2016
Figure 19 Hyperspectral Imaging Systems Market, By Application, 2016 vs 2021 (USD Million)
Figure 20 North America: Hyperspectral Imaging Systems Market Snapshot
Figure 21 Europe: Hyperspectral Imaging Systems Market Snapshot
Figure 22 Asia-Pacific: Hyperspectral Imaging Systems Market Snapshot
Figure 23 RoW: Hyperspectral Imaging Systems Market Snapshot
Figure 24 Key Developments in the Hyperspectral Imaging Systems Market, By Company (2013–2016)
Figure 25 Market Evolution Framework: Partnerships, Agreements, Contracts, and Collaborations are Fueling Market Growth
Figure 26 Battle for Market Share: Product Launches & Approvals Was the Key Growth Strategy Adopted By Market Players Between 2013 & 2016
Figure 27 Application Mix for the Top 5 Players in the Hyperspectral Imaging Systems Market
Figure 28 Company Snapshot: Corning Incorporated

The global hyperspectral imaging systems market is projected to reach USD 12.71 Billion by 2021 from USD 7.41 Billion in 2016, growing at a CAGR of 11.4% from 2016 to 2021. A number of factors, such as growing number of research projects using hyperspectral imaging techniques and widening industrial applications of HSI are driving the growth of this market. However, the high cost associated with the use of hyperspectral imaging technology is expected to restrain the growth of this market in the coming years.

The hyperspectral imaging systems market is segmented on the basis of component, application, and region. On the basis of component, the market is segmented into hyperspectral cameras and accessories. A hyperspectral camera consist of an HSI imaging sensor and imaging spectrograph. Advances in sensor development and computing power, along with the availability of low-cost cameras with widening industrial applications are boosting the growth of this market.

On the basis of application, the market is into military surveillance, remote sensing, machine vision/ optical sorting, life sciences & medical diagnostics, and other applications (colorimetry, meteorology, thin film manufacturing, and night vision). The life sciences & medical diagnostics segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the advancements in hyperspectral cameras and accuracy of image data & analysis.

The hyperspectral imaging systems market is segmented into four major regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In 2016, North America is expected to account for the largest share of the global market. However, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. The market for hyperspectral imaging systems is expected to grow in emerging economies in APAC as they have a growing number of manufacturing bases. These cameras are used for homeland surveillance, spaceborne applications, agriculture and mineral surveillance, and other research activities requiring constant spectral vigilance.

Hyperspectral Imaging Systems Market

Headwall Photonics, Inc. (U.S.), Corning Incorporated (U.S.), SPECIM, Spectral Imaging Ltd. (Finland), Resonon (U.S.), Telops (Canada), Norsk Elektro Optikk AS (Norway), Applied Spectral Imaging (U.S.), BaySpec Inc. (U.S.), Surface Optics Corporation (U.S.), and ChemImage Corporation (U.S.) are some of the key players in the hyperspectral imaging systems market.

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