Global Hyperspectral Remote Sensing Market 2017-2021
About Hyperspectral Remote Sensing
Hyperspectral remote sensing is a developing technology, which is currently being used by researchers and scientists for the detection and identification of minerals, terrestrial vegetation, and environmental disasters. Hyperspectral remote sensing provides high spatial or spectral resolution data from a distance, providing high quality radiance for each picture element, also known as pixels. The benefits of hyperspectral remote sensing remain unknown to many potential end-users like governments, farmers, environmental watchers in both the private and governmental sectors, and city planners.
Technavio’s analysts forecast the global hyperspectral remote sensing market to grow at a CAGR of 11.78% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global hyperspectral remote sensing market for 2017-2021. To calculate the market size, the report considers the shipments, sales, and volume.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hyperspectral Remote Sensing Market 2017-2021
Technavio recognizes the following companies as the key players in the global hyperspectral remote sensing market: Corning, Headwall Photonics, ITRES, Norsk Elektro Optikk, and SPECIM
Other Prominent Vendors in the market are: BaySpec, Brimrose, CI Systems, Resonon, Telops, and XIMEA.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Availability of narrower bandwidths. In hyperspectral remote sensing, narrow bandwidths allow users to collect laboratory-standard radiation from a far distance and apply spectral-based analytical tools to interpret the data. Using this approach, hyperspectral remote sensors provide information in addition to the traditional cognitive remote sensing mapping and allows users to sense Earth remotely.”
According to the report, one of the major drivers for this market is Growing adoption of UAVs. UAV is an aircraft without a pilot on board and can be remotely controlled. It can also be flown independently based on complex dynamic automation systems or pre-programmed flight plans. UAVs are being used in diverse military fields such as environmental monitoring, search and rescue operations, reconnaissance, disaster relief, border patrol, tracking, and monitoring. UAVs also play a key role in the civilian and commercial industries such as the energy, mining, construction, agriculture, real-estate, and news media during the forecast period. The global UAVs market is expected to reach nearly $31 billion by 2021, growing at a CAGR of 14.33% during the forecast period.
Further, the report states that one of the major factors hindering the growth of this market is High capital investment. The global hyperspectral remote sensing market needs high capital investment, which is a major challenge to the growth of the 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 for inspection and correction, which eventually leads to the requirement of equipment that is highly capital intensive.
Corning, Headwall Photonics, ITRES, Norsk Elektro Optikk, SPECIM, BaySpec, Brimrose, CI Systems, Resonon, Telops, and XIMEA.
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