Market Analysis:
Global Hyperspectral Imaging market According to Data Bridge Market Research new Market report is projected to reach USD 19.61 million by 2025, at a CAGR of 11.8% during the forecast period of 2018 to 2025.
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Global Hyper spectral Imaging Market
Hyperspectral imaging (HSI) systems are the system which collects and operates information from the frequencies of electromagnetic radiation. The systems are used to attain spectrum of every pixel in the picture, identify material and identifies the procedure. The normal human eye can catch the visible lights in three bands (red, blue and green) but spectral imaging can split it into more bands. Inferable from its high-determination imaging abilities, HSI has picked up noticeable quality in the healthcare division. The advancement of therapeutic imaging capacities with the assistance of HSI innovation will move the market growth in future.
The technological advancements in the hyperspectral imaging are driving the market. The development of micro-hyperspectral imaging technology has improved in data acquisition and analysis. The increasing demand for data accuracy and consistency amongst end-users and the government is driving the market as it highly accurate data.
Current improvements in sensor design and processing speed has cleared the path for a wide range of applications employing hyperspectral imaging ranging from satellite based/airborne remote sensing and military target detection to industrial quality control and lab applications in medicine and biophysics. Due to the rich information content in hyperspectral images, they are well suited for automated image processing, whether it is for online industrial monitoring or for remote sensing.
Market Segmentation: Global Hyperspectral Imaging Market
The global market for hyperspectral imaging by the following sub-categories is presented
By Component
• Hyperspectral Cameras
• Accessories
By Application
• Military Surveillance
• Remote Sensing, Machine Vision/Optical Sorting
• Life Sciences & Medical Diagnostics
By Geography
• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa
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FACTORS DRIVING GROWTH IN THE GLOBAL HYPERSPECTRAL IMAGING MARKET
New product launches in the market:
The rising demand of hyperspectral imaging systems in the market has led the product launches. For instance, in 2018, TruTag Technologies, a product authentication and brand security company, launched HinaLea Imaging, business unit to provide complete hyperspectral imaging solutions. The system develops hyperspectral solutions both directly and on behalf of strategic partners to address specific problems across various industries, including medical diagnostics, precision agriculture, and the quality assurance of food and consumer goods.
Developments in the spectral cameras:
Major players in the market are developing spectral cameras with high quality and low cost. Spectral Imaging Ltd. offers the spectral imaging camera, Specim, a small, fast & affordable hyperspectral cameras specifically designed for industrial machine vision. It also offers Specim IQ a mobile and real-time HSI photography which delivers better results. The camera has the size of a standard SRL camera including multicore parallel processing and mobile connectivity instead of an external computer.
Growing focus of market players
The global hyperspectral imaging market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market. The report also covers the market shares for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America market.
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Some of the major players operating in global hyperspectral imaging market
• Headwall Photonics, Inc.,
• Resonon,
• Norsk Elektro Optikk AS,
• SPECIM,
• Spectral Imaging Ltd.,
• Applied Spectral Imaging Inc.,
• Telops, BaySpec Inc.,
• ChemImage Corp.,
• Surface Optics Corporation,
• IMEC, Brandywine Photonics LLC,
• FluxData Inc.,
• Corescan,
• Gilden Photonics Ltd.,
• Merrick & Company,
• Applied Spectral Imaging, Inc.,
• Brandywine Photonics Llc,
• Chemimage Corporation,
• Corning Incorporated,
• Cubert-Gmbh,
• Utc Aerospace Systems,
• Bayspec, Inc,
• Merrick & Company Inc.,
• Corescan Pty Ltd.,
• Surface Optics Corporation,
• Ximea,
• Norsk Elektro Optikk A/S,
• Specim Spectral Imaging Ltd,
• Telops Inc.,
• Hansa Luftbild Group,
• Galileo Group, Inc.,
• and Headwall Photonics Inc.,
• among others.
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