Hyper Spectral Imaging Systems (HSI) Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Corning Incorporated, Headwall Photonics, Inc., Specim, Spectral Imaging Ltd.

The global Hyper Spectral Imaging Systems (HSI) market reached a value of US$ 16.7 billion in 2021. Looking ahead, the market is expected to reach $ 16.2 billion by 2027, growing at a CAGR of 18.9% between 2022 and 2027.

Hyper Spectral Imaging Systems (HSI) Market Overview

Hyperspectral imaging technologies are used to capture tiny spectral bands over a wide spectral range. The market's expansion can be largely ascribed to elements like rising funding and investments in this area and the expanding number of industrial uses for hyperspectral imaging. Additionally, during the anticipated period, participants in this market should have development prospects due to the untapped market potential in emerging markets. Hyperspectral imaging systems are projected to be less widely adopted during the forecast period as a result of their high costs and problems with data storage.

One of the important reasons driving market expansion is the expanding medical and healthcare industry, as well as the increasing utilization of medical imaging systems. By examining the make-up and physiology of the body's tissues and cells, hyperspectral imaging devices are frequently used for the diagnosis and treatment of numerous disorders. It is also used to track the development of various chronic conditions and look for the presence of malignant cells. A further element driving expansion is the expanding use of sophisticated imaging systems in unmanned aerial vehicles (UAVs).

Market Growth Drivers:

• A new, simple-to-use product has been released in recent years.


• increasing investment in the aerospace sector and in scientific research


• High research and development expenditures are made in the creation of effective imaging technologies.

Industry News and Updates:

22 January 2020: imec introduces three new hyperspectral imaging systems outside the lab --

Leading research and innovation hub in nanoelectronics and digital technologies, imec, will be showcasing its latest innovative technologies in the field of imaging and sensors industry at the upcoming SPIE Photonics West 2020 and ITF Photonics 2020 events. The events will be held side by side, with the SPIE Photonics West taking place from 01- 06 February in San Francisco, and the ITF Photonics 2020 happening on 03 February in the same city.

What are the major Applications, Types and Regions for Hyper Spectral Imaging Systems (HSI) Market?

Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• PC Based


• Outdoor Camera


• Airborne


• Others

By Application, it is segmented into

• Military Surveillance & Homeland Security


• Industry


• Medical Diagnostics


• Food Processing


• Mineralogy


• Astronomy


• Others

Hyper Spectral Imaging Systems (HSI) Market Regional Analysis

North America accounted for 48.3% of worldwide sales in 2021 and is predicted to maintain its lead throughout the projection period. A favourable regulatory framework, particularly in the US, is blamed for this. In addition to early and consistent involvement with the sponsor and unique regulatory designations helpful for many CGTs, the U.S. FDA has established a collaborative regulatory method for CGTs. Additionally, the U.S. regulatory approval procedure is expanding and becoming more advantageous for vendors creating CGT products. To speed up the approval procedure, the U.S. FDA has given CGTs the orphan drug category, breakthrough designation, accelerated approvals, and RMAT designations. The region with the fastest CAGR during the forecast period is Asia Pacific. Regenerative medicine-focused biotechnology companies are becoming more prevalent in the Asia Pacific region. Furthermore, the area is expected to continue to hold its position as the hub of cell research and therapy thanks to the steady expansion of destinations for medical tourists including Thailand, Singapore, and India.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Hyper Spectral Imaging Systems (HSI) Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Hyper Spectral Imaging Systems (HSI) Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Hyper Spectral Imaging Systems (HSI) Market report scope?

Key Takeaways from this Hyper Spectral Imaging Systems (HSI) Market Report

• Evaluate Hyper Spectral Imaging Systems (HSI) market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Hyper Spectral Imaging Systems (HSI) market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the growth rate of Hyper Spectral Imaging Systems (HSI) Market?

The Hyper Spectral Imaging Systems (HSI) Market is growing at a CAGR of 18.9% over the next 5 years.

Who are the key players in Hyper Spectral Imaging Systems (HSI) Market?

Corning Incorporated, Headwall Photonics, Inc., Specim, Spectral Imaging Ltd., Norsk Elektro Optikk as (NEO), Resonon, Inc., Telops, Applied Spectral Imaging, Bayspec, Inc., Surface Optics Corporation, Chemimage Corporation, Cubert GmbH, Raytheon, Galileo Group, Inc., Hypermed Imaging, Inc., Inno-Spec, Camlin Group Ltd., IMEC, XIMEA GmbH, Brandywine Photonics, Cytoviva, Inc., Diaspective Vision, Gamaya, Hinalea Imaging, Orbital Sidekick, Photon Etc., Ximea Gmbh, Clyde Hsi, Glana Sensors Ab

What are the significant types of Hyper Spectral Imaging Systems (HSI) Market?

PC Based, Outdoor Camera, Airborne, Others

What are the major end-use applications of Hyper Spectral Imaging Systems (HSI) Market?

Military Surveillance & Homeland Security, Industry, Medical Diagnostics, Food Processing, Mineralogy, Astronomy, Others

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