Hyperspectral Imaging Systems Market Size, Share & Trends Analysis Report By Application (Military, Remote Sensing, Medical Diagnostics, Optical Sorting), By Product (Camera, Accessories), And Segment Forecasts, 2019 - 2025

Published: Jan, 2019 | Pages: 120 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)

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.

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.

 Table of Contents

Chapter 1 Executive Summary
Chapter 2 Research Methodology
                   2.1 Information Procurement
                   2.2 Data Analysis
                   2.3 Region Wise Market Calculation
                       2.3.1 Region Wise Market: Base Estimates
                       2.3.2 Global Market: CAGR Calculation
                   2.4 Region based segment share calculation
                   2.5 List of Secondary Sources (partial list)
                   2.6 Market Snapshot
Chapter 3 Market Variables, Trends & Scope
                   3.1 Market Segmentation & Scope
                   3.2 Market Driver Analysis
                       3.2.1 Wide application scope
                       3.2.2 Technlogical advancement
                   3.3 Market Restraint Analysis
                       3.3.1 Cost and complexity
                   3.4 Penetration & Growth Prospect Mapping: Product
                   3.5 Hyperspectral Imaging Systems Market - SWOT Analysis, By Factor (political & legal, economic and technological)
                   3.6 Industry Analysis - Porter's
Chapter 4 Hyperspectral Imaging Systems Market: Product Estimates & Trend Analysis
                   4.1 Hyperspectral imaging systems market: Product movement analysis
                   4.2 Cameras
                       4.2.1 Global hyperspectral cameras market, 2014 - 2025 (USD Million)
                   4.3 Accessories
                       4.3.1 Global hyperspectral accessories market, 2014 - 2025 (USD Million)
Chapter 5 Hyperspectral Imaging Systems Market: Application Estimates & Trend Analysis
                   5.1 Hyperspectral imaging systems market: Application movement analysis
                   5.2 Military
                       5.2.1 Global military market 2014 - 2025 (USD Million)
                   5.3 Remote sensing
                       5.3.1 Global remote sensing market 2014 - 2025 (USD Million)
                   5.4 Medical diagnostics
                       5.4.1 Global medical diagnostics market 2014 - 2025 (USD Million)
                   5.5 Machine vision & optical sorting
                       5.5.1 Global machine vision & optical sorting market 2014 - 2025 (USD Million)
                   5.6 Others
                       5.6.1 Global others market 2014 - 2025 (USD Million)
Chapter 6 Regional Estimates & Trend Analysis, by Product, and Application
                   6.1 Hyperspectral imaging systems market share by region, 2017 & 2025
                   6.2 North America
                       6.2.1 North America hyperspectral imaging systems market, 2014 - 2025 (USD Million)
                       6.2.2 U.S.
                           6.2.2.1 U.S. Hyperspectral imaging systems market, 2014 - 2025 (USD Million)
                       6.2.3 Canada
                           6.2.3.1 Canada hyperspectral imaging systems market, 2014 - 2025 (USD Million)
                   6.3 Europe
                       6.3.1 Europe hyperspectral imaging systems market, 2014 - 2025 (USD Million)
                       6.3.2 U.K.
                           6.3.2.1 U.K. hyperspectral imaging systems market, 2014 - 2025 (USD Million)
                       6.3.3 Germany
                           6.3.3.1 Germany hyperspectral imaging systems market, 2014 - 2025 (USD Million)
                   6.4 Asia Pacific
                       6.4.1 Asia Pacific hyperspectral imaging systems market, 2014 - 2025 (USD Million)
                       6.4.2 Japan
                           6.4.2.1 Japan hyperspectral imaging systems market, 2014 - 2025 (USD Million)
                       6.4.3 China
                           6.4.3.1 China hyperspectral imaging systems market, 2014 - 2025 (USD Million)
                   6.5 Latin America
                       6.5.1 Latin America hyperspectral imaging systems market, 2014 - 2025 (USD Million)
                       6.5.2 Brazil
                           6.5.2.1 Brazil hyperspectral imaging systems market, 2014 - 2025 (USD Million)
                       6.5.3 Mexico
                           6.5.3.1 Mexico hyperspectral imaging systems market, 2014 - 2025 (USD Million)
                   6.6 MEA
                       6.6.1 MEA hyperspectral imaging systems market, 2014 - 2025 (USD Million)
                       6.6.2 South Africa
                           6.6.2.1 South Africa hyperspectral imaging systems market, 2014 - 2025 (USD Million)
Chapter 7 Competitive Landscape
                   7.1 Company Profiles
                       7.1.1 Headwall Photonics Inc.
                           7.1.1.1 Company overview
                           7.1.1.2 Financial performance
                           7.1.1.3 Product benchmarking
                           7.1.1.4 Product benchmarking
                       7.1.2 Resonon
                           7.1.2.1 Company overview
                           7.1.2.2 Financial performance
                           7.1.2.3 Product benchmarking
                           7.1.2.4 Strategic initiatives
                       7.1.3 Corning Incorporated
                           7.1.3.1 Company overview
                           7.1.3.2 Financial performance
                           7.1.3.3 Product benchmarking
                           7.1.3.4 Strategic initiatives
                       7.1.4 Norsk Elektro Optikk AS
                           7.1.4.1 Company overview
                           7.1.4.2 Financial performance
                           7.1.4.3 Product benchmarking
                           7.1.4.4 Strategic initiatives
                       7.1.5 Surface Optics Corporation
                           7.1.5.1 Company overview
                           7.1.5.2 Financial performance
                           7.1.5.3 Service benchmarking
                           7.1.5.4 Strategic initiatives
                       7.1.6 Bayspec Inc.
                           7.1.6.1 Company overview
                           7.1.6.2 Financial performance
                           7.1.6.3 Product benchmarking
                           7.1.6.4 Strategic initiatives
                       7.1.7 Chemimage Corporation
                           7.1.7.1 Company overview
                           7.1.7.2 Financial performance
                           7.1.7.3 Product benchmarking
                           7.1.7.4 Strategic initiatives
                       7.1.8 Applied Spectral Imaging
                           7.1.8.1 Company overview
                           7.1.8.2 Financial performance
                           7.1.8.3 Product benchmarking
                           7.1.8.4 Strategic initiatives
                       7.1.9 Telops Inc.
                           7.1.9.1 Company overview
                           7.1.9.2 Financial performance
                           7.1.9.3 Product benchmarking
                           7.1.9.4 Strategic initiatives

List of Tables

TABLE 1 North America hyperspectral imaging systems market estimates and forecast by product, 2014 - 2025 (USD Million)
TABLE 2 North America hyperspectral imaging systems market estimates and forecast by application, 2014 - 2025 (USD Million)
TABLE 3 U.S. hyperspectral imaging systems market estimates and forecast by product, 2014 - 2025 (USD Million)
TABLE 4 U.S. hyperspectral imaging systems market estimates and forecast by application, 2014 - 2025 (USD Million)
TABLE 5 Canada hyperspectral imaging systems market estimates and forecast by product, 2014 - 2025 (USD Million)
TABLE 6 Canada hyperspectral imaging systems market estimates and forecast by application, 2014 - 2025 (USD Million)
TABLE 7 Europe hyperspectral imaging systems market estimates and forecast by product, 2014 - 2025 (USD Million) 
TABLE 8 Europe hyperspectral imaging systems market estimates and forecast by application, 2014 - 2025 (USD Million)
TABLE 9 U.K hyperspectral imaging systems market estimates and forecast by product, 2014 - 2025 (USD Million)
TABLE 10 U.K hyperspectral imaging systems market estimates and forecast by application, 2014 - 2025 (USD Million)
TABLE 11 Germany hyperspectral imaging systems market estimates and forecast by product, 2014 - 2025 (USD Million) 
TABLE 12 Germany hyperspectral imaging systems market estimates and forecast by application, 2014 - 2025 (USD Million)
TABLE 13 Asia Pacific hyperspectral imaging systems market estimates and forecast by product, 2014 - 2025 (USD Million)
TABLE 14 Asia Pacific hyperspectral imaging systems market estimates and forecast by application, 2014 - 2025 (USD Million)
TABLE 15 China hyperspectral imaging systems market estimates and forecast by product, 2014 - 2025 (USD Million)
TABLE 16 China hyperspectral imaging systems market estimates and forecast by application, 2014 - 2025 (USD Million)
TABLE 17 Japan hyperspectral imaging systems market estimates and forecast by product, 2014 - 2025 (USD Million)
TABLE 18 Japan hyperspectral imaging systems market estimates and forecast by application, 2014 - 2025 (USD Million)
TABLE 19 Latin America hyperspectral imaging systems market estimates and forecast by product, 2014 - 2025 (USD Million)
TABLE 20 Latin America hyperspectral imaging systems market estimates and forecast by application, 2014 - 2025 (USD Million)
TABLE 21 Brazil hyperspectral imaging systems market estimates and forecast by product, 2014 - 2025 (USD Million)
TABLE 22 Brazil hyperspectral imaging systems market estimates and forecast by application, 2014 - 2025 (USD Million)
TABLE 23 Mexico hyperspectral imaging systems market estimates and forecast by product, 2014 - 2025 (USD Million) 
TABLE 24 Mexico hyperspectral imaging systems market estimates and forecast by application, 2014 - 2025 (USD Million)
TABLE 25 Middle East Asia hyperspectral imaging systems market estimates and forecast by product, 2014 - 2025 (USD Million)
TABLE 26 Middle East Asia hyperspectral imaging systems market estimates and forecast by application, 2014 - 2025 (USD Million)
TABLE 27 South Africa hyperspectral imaging systems market estimates and forecast by product, 2014 - 2025 (USD Million)
TABLE 28 South Africa hyperspectral imaging systems market estimates and forecast by application, 2014 - 2025 (USD Million)
TABLE 29 Saudi Arabia hyperspectral imaging systems market estimates and forecast by product, 2014 - 2025 (USD Million)
TABLE 30 Saudi Arabia hyperspectral imaging systems market estimates and forecast by application, 2014 - 2025 (USD Million)

List of Figures

FIG. 1 Market research process
FIG. 2 Information procurement
FIG. 3 Primary research pattern
FIG. 4 Market research approaches
FIG. 5 Value chain based sizing & forecasting
FIG. 6 QFD modelling for market share assessment
FIG. 7 Market summary (USD Million), 2017
FIG. 8 Market trends & outlook
FIG. 9 Market segmentation & scope
FIG. 10 Market driver relevance analysis (Current & future impact)
FIG. 11 Market restraint relevance analysis (Current & future impact)
FIG. 12 Penetration & growth prospect mapping
FIG. 13 SWOT analysis, by factor (political & legal, economic and technological)
FIG. 14 Porter's five forces analysis
FIG. 15 Hyperspectral imaging systems market: Product outlook key takeaways
FIG. 16 Hyperspectral imaging systems market: product movement analysis
FIG. 17 Global hyperspectral cameras market, 2014 - 2025 (USD Million)
FIG. 18 Global hyperspectral accessories market, 2014 - 2025 (USD Million)
FIG. 19 Hyperspectral imaging systems market: Application outlook key takeaways
FIG. 20 Hyperspectral imaging systems market: application movement analysis
FIG. 21 Global military market, 2014 - 2025 (USD Million)
FIG. 22 Global remote sensing market, 2014 - 2025 (USD Million)
FIG. 23 Global medical diagnostics market, 2014 - 2025 (USD Million) 
FIG. 24 Global machine vision & optical sorting market, 2014 - 2025 (USD Million) 
FIG. 25 Global others market, 2014 - 2025 (USD Million)
FIG. 26 Regional market place: Key takeaways
FIG. 27 Regional outlook, 2016 & 2025
FIG. 28 North America hyperspectral imaging systems market, 2014 - 2025 (USD Million)
FIG. 29 U.S. Hyperspectral imaging systems market, 2014 - 2025 (USD Million)
FIG. 30 Canada hyperspectral imaging systems market, 2014 - 2025 (USD Million)
FIG. 31 Europe hyperspectral imaging systems market, 2013 - 2024 (USD Million)
FIG. 32 U.K. hyperspectral imaging systems market, 2013 - 2024 (USD Million)
FIG. 33 Asia Pacific hyperspectral imaging systems market, 2014 - 2025 (USD Million)
FIG. 34 Japan hyperspectral imaging systems market, 2014 - 2025 (USD Million)
FIG. 35 China hyperspectral imaging systems market, 2014 - 2025 (USD Million)
FIG. 36 Latin America hyperspectral imaging systems market, 2014 - 2025 (USD Million)
FIG. 37 Brazil hyperspectral imaging systems market, 2014 - 2025 (USD Million)
FIG. 38 Mexico hyperspectral imaging systems market, 2014 - 2025 (USD Million)
FIG. 39 MEA hyperspectral imaging systems market, 2014 - 2025 (USD Million)
FIG. 40 South Africa hyperspectral imaging systems market, 2014 - 2025 (USD Million)
FIG. 41 Strategy framework