NEW YORK,Dec. 16, 2022/PRNewswire/ -- According to Technavio, theglobal hyperspectral imaging marketsize is estimated to grow byUSD 758.38 millionfrom 2022 to 2027. The market is estimated to grow at a CAGR of 12.56% during the forecast period. Moreover, the growth momentum will accelerate.North Americawill account for 34% of the growth of the global market during the forecast period.
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Global hyperspectral imaging market - Parent market analysis
Technavio categorizes the global hyperspectral imaging market as a part of theglobal electronic equipment and instruments market,其中包括通信的制造商吗equipment, technology hardware storage and peripherals, electronic equipment and instruments, electronic components, consumer electronics, and industrial electronics products, as well as electronic manufacturing services. Growth of the global electronic equipment and instruments market will be driven by factors such as increasing demand for hyperspectral imaging, growing demand for metrology equipment and services, and rising demand for POS terminals.
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The global hyperspectral imaging market is fragmented, and the five forces analysis covers–
- Bargaining power of buyers
- The threat of new entrants
- Threat of rivalry
- Bargaining power of suppliers
- Threat of substitutes
- For interpretation of Porter's five forces model –buy the report!
The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Technavio has segmented the market based on application (military and surveillance, healthcare, food and agriculture, remote sensing, and other applications) and product (cameras and accessories).
- Themilitary and surveillancesegment will be a significant contributor to market growth during the forecast period. Hyperspectral imaging sensors have spectral signatures and powerful tools for tactical missions. These sensors are used for base protection and security and intelligence, surveillance, and reconnaissance (ISR) missions. Thus, the use of hyperspectral imaging for military and surveillance applications will drive the growth of this segment during the forecast period.
Based on geography, the global hyperspectral imaging market is segmented intoNorth America,Europe, APAC,南美, and中东andAfrica. The report provides actionable insights and estimates the contribution of all regions to the growth of the global hyperspectral imaging market.
- North Americais projected to account for34%of market's growth during the forecast period. The US is the key revenue-generating country in this region. It is an early adopter of hyperspectral imaging technology for aerial remote sensing applications. The increasing investments by the Government of the US in the aerospace and defense industry are driving the growth of this segment. Such initiatives can increase the demand for hyperspectral imaging in the region during the forecast period.
Key factor driving market growth
- The increasing use of night vision cameras is driving the global hyperspectral imaging market growth.
- Governments across the world are exploring advanced technologies to improve the safety of citizens. Hence, the demand for devices such as night vision cameras is expected to grow.
- Hyperspectral imaging helps in capturing images in low light intensity with high precision. The images offer precise information when compared to normal color cameras. Sensors can help cameras distinguish objects depending on their spectral features.
- These factors are increasing the use of hyperspectral imaging in a variety of applications, thus driving the growth of the market during the forecast period.
Leading trends influencing the market
- The growing number of research projects using hyperspectral imaging techniques is a key trend in the global hyperspectral imaging market.
- Hyperspectral imaging is used in different research areas, such as vegetation research, food analysis, mineral research, and forensics. Hyperspectral scanners can detect and measure the physical, chemical, and biological properties of objects and organisms.
- Government organizations are also using hyperspectral imaging for improving security. In addition, several universities are collaborating with companies for research related to hyperspectral imaging devices.
- These factors will support the market growth during the forecast period.
Major challenges hindering market growth
- High capital investment is a major challenge for the global hyperspectral imaging market growth.
- Rapid advances in technology have led to the emergence of advanced electronic goods that need special types of low-light-level imaging sensors and other equipment.
- Foundries require high capital to expand their production capacity and invest in R&D to cater to the growing requirements of consumers.
- However, some vendors do not have the capacity to make high capital investments, which can put them at a disadvantage compared to leading vendors
The above factors will impede the market's growth during the forecast period
Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find some insights from asample report!
What are the key data covered in this hyperspectral imaging market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the hyperspectral imaging market between 2023 and 2027
- Precise estimation of the size of the hyperspectral imaging market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the hyperspectral imaging market acrossNorth America,Europe, APAC,南美, and中东andAfrica
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of hyperspectral imaging market vendors
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Hyperspectral Imaging Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12.56% |
Market growth 2023-2027 |
USD 758.38 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
9.81 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 34% |
Key countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Applied Spectral Imaging, BaySpec Inc., Brandywine Photonics, Corning Inc., Cubert GmbH, Galileo Group Inc., Gamaya, Headwall Photonics Inc., HyperMed Imaging Inc., HyVista Corp. Pty Ltd., IMEC Inc., inno-spec GmbH, Konica Minolta Inc., Norsk Elektro Optikk AS, Polytec GmbH, Resonon Inc., Surface Optics Corp., Telops Inc., TruTag Technologies Inc., and XIMEA GmbH |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- 展览14:图表对全球市场规模和前cast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global hyperspectral imaging market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global hyperspectral imaging market 2017 - 2021 ($ million)
- 4.2 Applicaton Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Applicaton Segment 2017 - 2021 ($ million)
- 4.3 Application Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
- 4.4 Product Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Product Segment 2017 - 2021 ($ million)
- 4.5 Geography Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.6 Country Segment Analysis 2017 - 2021
- Exhibit 23: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 24: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 25: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 26: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 27: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 28: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 29: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 30: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 31: Chart on Application - Market share 2022-2027 (%)
- Exhibit 32: Data Table on Application - Market share 2022-2027 (%)
- 6.2 Comparison by Application
- Exhibit 33: Chart on Comparison by Application
- Exhibit 34: Data Table on Comparison by Application
- 6.3 Military and surveillance - Market size and forecast 2022-2027
- Exhibit 35: Chart on Military and surveillance - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Data Table on Military and surveillance - Market size and forecast 2022-2027 ($ million)
- Exhibit 37: Chart on Military and surveillance - Year-over-year growth 2022-2027 (%)
- Exhibit 38: Data Table on Military and surveillance - Year-over-year growth 2022-2027 (%)
- 6.4 Healthcare - Market size and forecast 2022-2027
- Exhibit 39: Chart on Healthcare - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Data Table on Healthcare - Market size and forecast 2022-2027 ($ million)
- Exhibit 41: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
- Exhibit 42: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)
- 6.5 Food and agriculture - Market size and forecast 2022-2027
- Exhibit 43: Chart on Food and agriculture - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Data Table on Food and agriculture - Market size and forecast 2022-2027 ($ million)
- 展览45:图表在食品和农业——Year-over-year growth 2022-2027 (%)
- Exhibit 46: Data Table on Food and agriculture - Year-over-year growth 2022-2027 (%)
- 6.6 Remote sensing - Market size and forecast 2022-2027
- Exhibit 47: Chart on Remote sensing - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Data Table on Remote sensing - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Chart on Remote sensing - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Remote sensing - Year-over-year growth 2022-2027 (%)
- 6.7 Other applications - Market size and forecast 2022-2027
- Exhibit 51: Chart on Other applications - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Data Table on Other applications - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Chart on Other applications - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Other applications - Year-over-year growth 2022-2027 (%)
- 6.8 Market opportunity by Application
- Exhibit 55: Market opportunity by Application ($ million)
7 Market Segmentation by Product
- 7.1 Market segments
- Exhibit 56: Chart on Product - Market share 2022-2027 (%)
- Exhibit 57: Data Table on Product - Market share 2022-2027 (%)
- 7.2 Comparison by Product
- Exhibit 58: Chart on Comparison by Product
- Exhibit 59: Data Table on Comparison by Product
- 7.3 Cameras - Market size and forecast 2022-2027
- 展览60:相机——市场规模和图表ecast 2022-2027 ($ million)
- Exhibit 61: Data Table on Cameras - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on Cameras - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Cameras - Year-over-year growth 2022-2027 (%)
- 7.4 Accessories - Market size and forecast 2022-2027
- Exhibit 64: Chart on Accessories - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Data Table on Accessories - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Chart on Accessories - Year-over-year growth 2022-2027 (%)
- Exhibit 67: Data Table on Accessories - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Product
- Exhibit 68: Market opportunity by Product ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 70: Chart on Market share by geography 2022-2027 (%)
- Exhibit 71: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 72: Chart on Geographic comparison
- Exhibit 73: Data Table on Geographic comparison
- 9.3North America- Market size and forecast 2022-2027
- Exhibit 74: Chart onNorth America- Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Data Table onNorth America- Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Chart onNorth America- Year-over-year growth 2022-2027 (%)
- Exhibit 77: Data Table onNorth America- Year-over-year growth 2022-2027 (%)
- 9.4Europe- Market size and forecast 2022-2027
- Exhibit 78: Chart onEurope- Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Data Table onEurope- Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Chart onEurope- Year-over-year growth 2022-2027 (%)
- Exhibit 81: Data Table onEurope- Year-over-year growth 2022-2027 (%)
- 9.5 APAC - Market size and forecast 2022-2027
- Exhibit 82: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 85: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.6南美- Market size and forecast 2022-2027
- Exhibit 86: Chart on南美- Market size and forecast 2022-2027 ($ million)
- 87年展览:达ta Table on南美- Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Chart on南美- Year-over-year growth 2022-2027 (%)
- Exhibit 89: Data Table on南美- Year-over-year growth 2022-2027 (%)
- 9.7中东andAfrica- Market size and forecast 2022-2027
- Exhibit 90: Chart on中东andAfrica- Market size and forecast 2022-2027 ($ million)
- Exhibit 91: Data Table on中东andAfrica- Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Chart on中东andAfrica- Year-over-year growth 2022-2027 (%)
- Exhibit 93: Data Table on中东andAfrica- Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 94: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 95: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 97: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9China- Market size and forecast 2022-2027
- Exhibit 98: Chart onChina- Market size and forecast 2022-2027 ($ million)
- Exhibit 99: Data Table onChina- Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Chart onChina- Year-over-year growth 2022-2027 (%)
- Exhibit 101: Data Table onChina- Year-over-year growth 2022-2027 (%)
- 9.10Japan- Market size and forecast 2022-2027
- Exhibit 102: Chart onJapan- Market size and forecast 2022-2027 ($ million)
- Exhibit 103: Data Table onJapan- Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Chart onJapan- Year-over-year growth 2022-2027 (%)
- Exhibit 105: Data Table onJapan- Year-over-year growth 2022-2027 (%)
- 9.11Germany- Market size and forecast 2022-2027
- Exhibit 106: Chart onGermany- Market size and forecast 2022-2027 ($ million)
- Exhibit 107: Data Table onGermany- Market size and forecast 2022-2027 ($ million)
- Exhibit 108: Chart onGermany- Year-over-year growth 2022-2027 (%)
- Exhibit 109: Data Table onGermany- Year-over-year growth 2022-2027 (%)
- 9.12South Korea- Market size and forecast 2022-2027
- Exhibit 110: Chart onSouth Korea- Market size and forecast 2022-2027 ($ million)
- Exhibit 111: Data Table onSouth Korea- Market size and forecast 2022-2027 ($ million)
- Exhibit 112: Chart onSouth Korea- Year-over-year growth 2022-2027 (%)
- Exhibit 113: Data Table onSouth Korea- Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 114: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 115: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 116: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 117: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 118: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- 119年展览:供应商所覆盖
- 12.2 Market positioning of vendors
- Exhibit 120: Matrix on vendor position and classification
- 12.3 Applied Spectral Imaging
- Exhibit 121: Applied Spectral Imaging - Overview
- Exhibit 122: Applied Spectral Imaging - Product / Service
- Exhibit 123: Applied Spectral Imaging - Key offerings
- 12.4 BaySpec Inc.
- Exhibit 124: BaySpec Inc. - Overview
- Exhibit 125: BaySpec Inc. - Product / Service
- Exhibit 126: BaySpec Inc. - Key offerings
- 12.5 Brandywine Photonics
- Exhibit 127: Brandywine Photonics - Overview
- Exhibit 128: Brandywine Photonics - Product / Service
- Exhibit 129: Brandywine Photonics - Key offerings
- 12.6 Corning Inc.
- Exhibit 130: Corning Inc. - Overview
- Exhibit 131: Corning Inc. - Business segments
- Exhibit 132: Corning Inc. - Key news
- Exhibit 133: Corning Inc. - Key offerings
- Exhibit 134: Corning Inc. - Segment focus
- 12.7 Cubert GmbH
- Exhibit 135: Cubert GmbH - Overview
- Exhibit 136: Cubert GmbH - Product / Service
- Exhibit 137: Cubert GmbH - Key offerings
- 12.8 Galileo Group Inc.
- Exhibit 138: Galileo Group Inc. - Overview
- Exhibit 139: Galileo Group Inc. - Product / Service
- Exhibit 140: Galileo Group Inc. - Key offerings
- 12.9 Headwall Photonics Inc.
- Exhibit 141: Headwall Photonics Inc. - Overview
- Exhibit 142: Headwall Photonics Inc. - Product / Service
- 143年展览:陡壁光电有限公司- Key news
- Exhibit 144: Headwall Photonics Inc. - Key offerings
- 12.10 HyperMed Imaging Inc.
- Exhibit 145: HyperMed Imaging Inc. - Overview
- Exhibit 146: HyperMed Imaging Inc. - Product / Service
- Exhibit 147: HyperMed Imaging Inc. - Key offerings
- 12.11 HyVista Corp. Pty Ltd.
- Exhibit 148: HyVista Corp. Pty Ltd. - Overview
- Exhibit 149: HyVista Corp. Pty Ltd. - Product / Service
- Exhibit 150: HyVista Corp. Pty Ltd. - Key offerings
- 12.12 IMEC Inc.
- Exhibit 151: IMEC Inc. - Overview
- Exhibit 152: IMEC Inc. - Product / Service
- Exhibit 153: IMEC Inc. - Key offerings
- 12.13 Konica Minolta Inc.
- Exhibit 154: Konica Minolta Inc. - Overview
- Exhibit 155: Konica Minolta Inc. - Business segments
- Exhibit 156: Konica Minolta Inc. - Key news
- Exhibit 157: Konica Minolta Inc. - Key offerings
- Exhibit 158: Konica Minolta Inc. - Segment focus
- 12.14 Norsk Elektro Optikk AS
- Exhibit 159: Norsk Elektro Optikk AS - Overview
- Exhibit 160: Norsk Elektro Optikk AS - Product / Service
- Exhibit 161: Norsk Elektro Optikk AS - Key offerings
- 12.15 Resonon Inc.
- Exhibit 162: Resonon Inc. - Overview
- Exhibit 163: Resonon Inc. - Product / Service
- Exhibit 164: Resonon Inc. - Key offerings
- 12.16 Telops Inc.
- Exhibit 165: Telops Inc. - Overview
- Exhibit 166: Telops Inc. - Product / Service
- Exhibit 167: Telops Inc. - Key offerings
- 12.17 TruTag Technologies Inc.
- Exhibit 168: TruTag Technologies Inc. - Overview
- Exhibit 169: TruTag Technologies Inc. - Product / Service
- Exhibit 170: TruTag Technologies Inc. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 171: Inclusions checklist
- Exhibit 172: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 173: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 174: Research methodology
- Exhibit 175: Validation techniques employed for market sizing
- Exhibit 176: Information sources
- 13.5 List of abbreviations
- Exhibit 177: List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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