Global Hyper Spectral Imaging Systems (HSI) Market size is projected to be valued $19 Billion by 2024; with a CAGR of 8.3% from 2017 to 2025. Hyper spectral imaging is a powerful technology that adds a new dimension to optical imaging. The hyper spectral imaging systems are widely used in food processing industry for monitoring and development of crops. Medical industries also pose a huge demand for hyper spectral imaging systems used in detection and treatment of numerous life threatening diseases.
Growth in industrial application, rise in demand from medical and food processing industry, and augmented demand for remote sensing and surveillance are the major factors driving the global hyper spectral imaging systems market. However, high cost of hyper spectral imaging systems would restrain the market growth in the coming years. Technological innovation and reduction in price would provide several growth opportunities for the market in the coming years.
The global hyper spectral imaging systems market has been segmented on the basis of system and end user. By system, the market is segmented into PC based, outdoor camera, airborne, and others. By end user, the market is further divided into military surveillance & homeland security, industry, medical diagnostics, food processing, mineralogy, astronomy, and others. By systems, PC based hyper spectral imaging systems accounted for the largest market share in 2016,owing to its several features such as, capability of detecting thousands of measurement points over a wide range of thermal images. The airborne segment is expected to grow at the fastest CAGR during the forecast period, owing to its increased demand in various applications such as tracking, surveillance, and agriculture. The military surveillance and homeland security segment accounted for the largest market share in the overall application segment in 2016. Geographically, the market is categorized into North America, Europe, Asia-Pacific and Rest of the World (RoW).
Based on geography, the global hyper spectral imaging systems market has been segmented into North America, Europe, Asia-Pacific and (RoW). The U.S., Mexico and Canada are covered under North America wherein Europe covers Germany, UK, Netherland, and others. Asia-Pacific covers China, India, Japan, Oceanic, and others. Rest of the World (RoW) covers South America, Middle East and Africa.
Major companies operating in the hyper spectral imaging sensors market are Spectral Imaging Ltd., Resonon, Telops, Applied Spectral Imaging, Headwall Photonics, Inc., Corning Incorporated, SPECIM, BaySpec Inc., Surface Optics Corporation, and ChemImage Corporation.
The report covers
Scope of the Global Hyper Spectral Imaging Systems (HSI) Market
System Type Segments
End User Segments