Hyperspectral imaging is a known scientific method of spectroscopy, as it is used for collecting multiple pictures at different frequencies for a same special region. This method can estimate the constant light range for all scene pixel with the goal of fine frequency, in the close and apparent infrared. The collected data structures a hyperspectral 3D square having two aspects that address the scene’s spatial degree and its otherwardly substance.
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Growing investment in hyperspectral imaging software by market players is expected to propel growth of the global hyperspectral imaging market during the forecast period. For instance, in July 2022, Headwall Photonics, announced a growth investment in perClass BV, which focuses on rising the use of hyperspectral imaging in industries and research sectors all over the world. With this partnership, Headwall is to work to offer high class solutions for the market.
Moreover, growing approval for new products by regulatory authorities is also expected to augment growth of the global hyperspectral imaging market during the forecast period. For instance, in 2017, the U.S. Food and Drug Administration (FDA), granted approval to HyperMed Imaging, Inc. for its HyperView product, which is a convenient diagnostic imaging device used for evaluating tissue oxygenation without requiring any contact with the patient.
Furthermore, rise in adoption of inorganic growth strategies such as partnerships by market players to strengthen their portfolio is anticipated to boost growth of the global hyperspectral imaging market over the forecast period. For instance, in January 2020, Headwall, entered into a partnership with Ocean Insight for distribution of Headwall products through Ocean Insight’s commercial channels in China.
Impact of COVID-19:
The global hyperspectral imaging market was negatively impacted by the COVID-19 pandemic. The virus outbreak in China spread over more than 100 countries around the world. It disrupted global economies. During this period, many research institutes were closed down. However, for the development of devices for disease detection some of the laboratories were working, which positively impacted the market growth. For instance, as per the data published by Springer in May 2022, researchers are focused on development of hyperspectral imaging device that is extremely sensitive, unique, requiring no contact. These development may become valuable for diagnosis of COVID-19.
The global hyperspectral imaging market is estimated to show a CAGR of 15.2% during the forecast period (2022-2030), this is due to growing expansion of potential markets, specifically in European region.
Market players are increasingly focusing on product expansion for increasing the product portfolio, which is likely to fuel the market growth. For instance, in September 2020, Norsk Elecktro Optikk, a leading electro-optics R&D firm announced the expansion of its Hyperspectral imaging product with SWIR-640 camera, under HySpex brand.
Key players functioning in the global hyperspectral imaging market are Ximea, Brandywine, Surface Optics Corp,. ClydeHSI, Specim Spectral Imaging Ltd., Corning Incorporated, Resonon Inc., Cubert, Photon etc., CytoViva, Inc, Orbital Sidekick, Diaspective Vision GmbH, Norsk Elektro Optikk A/S, Headwall Photonics Inc., Inno-Spec GmbH, and Imec.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Hyperspectral Imaging Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Hyperspectral Imaging Industry Impact
Chapter 2 Global Hyperspectral Imaging Competition by Types, Applications, and Top Regions and Countries
2.1 Global Hyperspectral Imaging (Volume and Value) by Type
2.3 Global Hyperspectral Imaging (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Hyperspectral Imaging Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Hyperspectral Imaging Market Analysis
Chapter 6 East Asia Hyperspectral Imaging Market Analysis
Chapter 7 Europe Hyperspectral Imaging Market Analysis
Chapter 8 South Asia Hyperspectral Imaging Market Analysis
Chapter 9 Southeast Asia Hyperspectral Imaging Market Analysis
Chapter 10 Middle East Hyperspectral Imaging Market Analysis
Chapter 11 Africa Hyperspectral Imaging Market Analysis
Chapter 12 Oceania Hyperspectral Imaging Market Analysis
Chapter 13 South America Hyperspectral Imaging Market Analysis
Chapter 14 Company Profiles and Key Figures in Hyperspectral Imaging Business
Chapter 15 Global Hyperspectral Imaging Market Forecast (2022-2028)
Chapter 16 Conclusions
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