Global Hyperspectral Imaging Market 2017-2021
About Hyperspectral Imaging
Hyperspectral imaging is the process of collecting and processing the data from across the electromagnetic spectrum. It is done to find objects, identify materials, or detect processes. A hyperspectral camera obtains the light intensity for multiple continuous spectral bands for every pixel in an image. Each pixel in the image is thus used to distinguish the objects and materials in the scene with accuracy.
Technavio’s analysts forecast the global hyperspectral imaging market to grow at a CAGR of 11.89% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global hyperspectral imaging market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hyperspectral Imaging Market 2017-2021
Technavio recognizes the following companies as the key players in the global hyperspectral imaging market: Corning, Headwall Photonics, Resonon, SPECIM, and Telops.
Other Prominent Vendors in the market are: Applied Spectral Imaging, Brandywine Photonics, ChemImage, Cubert, Galileo Group, Gooch & Housego, HyVista Corporation, Surface Optics, and XIMEA.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing number of research projects using hyperspectral imaging techniques. Hyperspectral imaging has been 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 living organisms.”
According to the report, one driver in the market is increasing use of night vision cameras. Territorial conflicts across the world have raised security concerns globally. This is forcing the governments across the world to explore modern technologies that offer better safety to the citizens. The rising fear of terrorism has created a market for products that provide perpetual surveillance. The demand for night vision cameras is expected to grow due to the worsening global security. The increasing demand for secure living premises will lead to an increased demand for night vision cameras globally.
Further, the report states that one challenge in the market is high capital investment. The global hyperspectral imaging sensors market needs high capital investment, which is a major challenge for the growth of this market. The rapid advances in technology have resulted in the emergence of sophisticated electronic goods that need special types of low light level imaging sensors capital equipment. Hence, to cater to the growing requirements of consumers, foundries require high capital to expand their production capacity and invest in R&D. Some of the vendors in the market do not have the capacity to make high capital investments and find the investment very risky as the profitability comes after a long time.
Corning, Headwall Photonics, Resonon, SPECIM, Telops, Applied Spectral Imaging, Brandywine Photonics, ChemImage, Cubert, Galileo Group, Gooch & Housego, HyVista Corporation, Surface Optics, XIMEA
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