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Global Hyperspectral Remote Sensing Market 2017-2021

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:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Hyperspectral Remote Sensing Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Corning
  • Headwall Photonics
  • ITRES
  • Norsk Elektro Optikk
  • SPECIM
Other prominent vendors
  • BaySpec
  • Brimrose
  • CI Systems
  • Resonon
  • Telops
  • XIMEA
Market driver
  • Growing adoption of UAVs
  • For a full, detailed list, view our report
Market challenge
  • High capital investment
  • For a full, detailed list, view our report
Market trend
  • Availability of narrower bandwidths
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

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.

Companies Mentioned

Corning, Headwall Photonics, ITRES, Norsk Elektro Optikk, SPECIM, BaySpec, Brimrose, CI Systems, Resonon, Telops, and XIMEA.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global hyperspectral remote sensing market: Landscape
    • Market size and forecast
      • Table Global hyperspectral remote sensing market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global hyperspectral remote sensing market by application
      • Table Global hyperspectral remote sensing market by application 2016 (% share)
      • Table Global hyperspectral remote sensing market by application 2017-2021 (% share)
    • Agriculture and forestry
      • Table Global hyperspectral remote sensing market by agriculture and forestry 2016-2021 ($ millions)
    • Geology and mineral exploration
      • Table Global hyperspectral remote sensing market by geology and mineral exploration 2016-2021 ($ millions)
    • Ecology
      • Table Global hyperspectral remote sensing market by ecology 2016-2021 ($ millions)
    • Disaster management
      • Table Global hyperspectral remote sensing market by environmental monitoring and management 2016-2021 ($ millions)
  • Geographical segmentation
    • Global hyperspectral remote sensing market by geography
      • Table Global hyperspectral remote sensing market by geography 2016 (% share)
      • Table Global hyperspectral remote sensing market by geography 2017-2021 (% share)
    • Americas
      • Table Hyperspectral remote sensing market in Americas 2016-2021 ($ millions)
    • EMEA
      • Table Hyperspectral remote sensing market in EMEA 2016-2021 ($ millions)
    • APAC
      • Table Hyperspectral remote sensing market in APAC 2016-2021 ($ millions)
  • Key leading countries
    • Table Contribution of key leading countries in 2016
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Availability of narrower bandwidths
      • Table Shift to narrower bandwidths
    • Increasing investments and adoption of hyperspectral imaging in environmental monitoring
    • Growing number of research projects using hyperspectral remote sensing technologies
  • Vendor landscape
    • Competitive scenario
      • Table Global hyperspectral remote sensing market 2016 (% share)
    • Other prominent vendors
  • Key vendor analysis
    • Corning
    • Headwall Photonics
    • ITRES
    • Norsk Elektro Optikk
    • SPECIM
  • Appendix
    • List of abbreviations
  • Explore Technavio

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