Learn about the global hyperspectral imaging system market through The Business Research Company, which provides information on hyperspectral imaging system market size, hyperspectral imaging system market drivers and restraints, hyperspectral imaging system market players, the COVID-19 impact on the hyperspectral imaging system market, and more.

The global hyperspectral imaging system market size is expected to grow from $15.04 billion in 2021 to $17.76 billion in 2022 at a compound annual growth rate (CAGR) of 18.1%. The change in the hyperspectral imaging system market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The hyperspectral imaging system market is expected to reach $33.48 billion in 2026 at a CAGR of 17.2%.

Increasing demand from the military and defence sectors is expected to drive the growth of the hyperspectral imaging system market going forward.

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The hyperspectral imaging system market consists of sales of hyperspectral imaging products and services by entities (organizations, sole traders, partnerships) that are used to collect images at different wavelengths. Hyperspectral imaging is a technique used in a variety of industries and applications to collect images at various wavelengths by using a spectral view at each point of the image in each direction to collect spectra for each pixel in the sample to identify objects and processes.

Global Hyperspectral Imaging System Market Segments Include:

By Product: Cameras, Accessories

By Technology: Push Broom, Snapshot, Others

By Application: Military Surveillance, Remote Sensing, Life Sciences and Medical Diagnostics, Machine Vision and Optical Sorting, Others

By End User: Food and Agriculture, Healthcare, Défense, Mining and Metrology, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global hyperspectral imaging system market in 2021.

The development of affordable hyperspectral imaging cameras is providing an opportunity to expand the usage of the technology in various fields and applications. From the historic period, the cost of hyperspectral imaging systems is high but the recent emerging affordable hyperspectral imaging systems are proving to be helpful in many fields especially in medical and diagnostics, scientific and laboratories, and others.

TBRC’s hyperspectral imaging system market report covers:

Major Market Players: Headwall Photonics, Specim, Corning Incorporated, Norsk Elektro Optikk AS, Resonon Inc, Telops Inc., Surface Optics Corporation, CytoViva Inc., Applied Spectral Imaging Ltd, Raytheon Company, BaySpec Inc, Horiba Ltd, Hamamatsu Photonics K.K, Thorlabs Inc, Cubert GmbH, Diaspective Vision GmbH, and Raptor Photonics.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Hyperspectral Imaging System Global Market Report 2021: Market Size, Trends, And Global Forecast 2022 – 2026 is one of a series of new reports from The Business Research Company that provides hyperspectral imaging system market overviews, analyses and forecasts market size, share, hyperspectral imaging system market players, hyperspectral imaging system market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s hyperspectral imaging system market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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