Hyperspectral imaging (HSI) is a system that analyzes a wide range of light instead of just assigning primary colors such as red, blue, green to each pixel. The light striking each pixel is broken down into many special spectral bands in order to offer more information on what is imaged. Mainly this algorithms and the image processing methodologies associated with HSI is a major product of military research, and were primarily used to identify targets and other objects against background clutter. In addition, hyperspectral imaging systems are a powerful tool for remote sensing or non-contact of molecular chemical information of material quality or composition. Fields of application for this technology include pharmaceuticals, material sciences, pathology, ecological, polymer sciences, forensics, bio-medicine, geological studies, pathology and agriculture.
Innovation in hyperspectral imaging system coupled with advancement in technology, designs, and features is driving the demand from various fields, such as remote sending, mining, military, vision, meteorology, healthcare, and optical. The various advantages of hyperspectral imaging system such as the non-requirement of prior knowledge of the spectrum and sample are estimated to drive investments from market player, which is likely to drive the demand during the forecast period. Furthermore, exiting market players are switching to advanced technologies to gain competitive advantage. Growth opportunities in emerging countries, rise in R&D, and the aim to sustain international product quality standards is expected to drive market expansion. Moreover, advancements in sensor technologies have improved the image quality, economic efficiency, and reliability of the technical products and thus, are likely to fuel the market growth.
The market research study on “Hyperspectral Imaging System Market (Product: Cameras, and Accessories; Application: Military, Remote Sensing, Medical Diagnostics, Machine Vision & Optical Sorting, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026”, offers a detailed insights on the global hyperspectral imaging system market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. Information about porter's five forces analysis is also covered under the report scope. The report provides insights on global hyperspectral imaging system market, its product, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global hyperspectral imaging system market size and volume, and segment markets by product, application, and geography along with the information on companies operating in the market. The hyperspectral imaging system market analysis is provided for major regional markets including North America, Europe, China, Southeast Asia, Japan and India followed by major countries. For each region, the market size and volume for different segments has been covered under the scope of report. North America accounted for a large market share, and is likely to lead the market in the forecast period. The market growth in this region can be largely attributed to the factors such as high adoption of hyperpsectral imaging systems in research, increase in research funding, growing awareness on the benefits of hyperspectral imaging in commercial industries, and technological advancements. The players profiled in the report include Headwall Photonics Inc., Resonon, Corning Incorporated, Norsk Elektro Optikk AS, Surface Optics Corporation, Bayspec Inc., Chemimage Corporation, Applied Spectral Imaging, Telops Inc. and among others.
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