The global Hyperspectral Imaging Systems Market is anticipated to reach USD 17.64 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 10.6% during the forecast period. New product launches coupled with advancements in technology, designs, and features is 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
its high clarity and accuracy of this imaging method.
Rapid
industrialization along with demand for high bandwidth communication is fueling
growth of hyperspectral imaging systems market in the forthcoming years. In
addition, existing market players are switching to advanced technologies to
gain competitive advantage. Rise in R&D and growth opportunities in
emerging countries and the aim to maintain international product quality
standards is anticipated to drive market expansion.
Affordable
electronic circuits and high-speed technologies have cascaded into 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.
Browse
Details of Report @
https://www.grandviewresearch.com/industry-analysis/hyperspectral-imaging-systems-market
Further key findings from the study suggest:
- Hyperspectral
camera is estimated to hold the largest market share in near future due to
the recent advancements in sensor development which have led to growth of
the camera segment
- Military
segment accounts for the largest market share due to advancement 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
large pool of patients, increasing healthcare awareness, rising government
funding for R&D, and upcoming research projects
- Major
players operating in the hyperspectral imaging systems market include
Headwall Photonics Inc.; Resonon, Telops Inc.; Corning Incorporated; Norsk
Elektro Optikk AS; Surface Optics Corporation; Bayspec Inc.; Chemimage
Corporation; and Applied Spectral imaging.
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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