Product Code: IAS135B
The global market for hyperspectral imaging was valued at $277.7 million in 2023. It is expected to grow from $301.4 million in 2024 to $472.9 million by 2029, at a compound annual growth rate (CAGR) of 9.4% from 2024 through 2029.
The global market for spectral scanning in hyperspectral imaging is expected to grow from $194.4 million in 2024 to $293.7 million by 2029, at a CAGR of 8.6% from 2024 through 2029.
The global market for hybrid scanning in hyperspectral imaging is expected to grow from $33.2 million in 2024 to $57.3 million by 2029, at a CAGR of 11.5% from 2024 through 2029.
Report Scope
This report analyzes trends in the global hyperspectral imaging market. It provides the global revenue ($ millions) for market segments and regions, using 2023 as the base year, and estimated market data for 2024 through 2029. The report segments the market by scanning type, type, technology, spectral range, application and region. Geographical regions are North America, Europe, Asia-Pacific and the Rest of the World, which consists of South America, and the Middle East and Africa. The report also focuses on emerging technologies and analyzes the vendor landscape. It concludes with profiles of the leading companies in the market.
Report Includes
- 59 data tables and 62 additional tables
- An overview of the global markets for hyperspectral imaging (HSI) technology
- Analyses of global market trends, with market revenue data for 2023, estimates for 2024, forecast for 2025 and 2026, and projected CAGRs through 2029
- Estimates of the market size and revenue growth prospects of the global market, along with a market share analysis by scanning type, offering, technology, spectral range, application, and region
- Facts and figures pertaining to the market dynamics, technical advances, regulations, innovations, and the impact of macroeconomic factors
- Insights derived from the Porter's five forces model, as well as global supply chain analysis, and case studies
- An analysis of patents and emerging technologies in the hyperspectral imaging space
- Analysis of the industry structure, including companies' market shares, rankings, strategic alliances, M&A activity, and a venture funding outlook
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies
- Company profiles of leading players, including Headwall Photonics Inc., Specim Spectral Imaging Ltd., Corning Inc., Resonon Inc., and Cubert GmbH
Table of Contents
Chapter 1 Executive Summary
- Market Outlook
- Scope of Report
- Market Summary
- Technological Advances and Applications
- Market Dynamics and Growth Factors
- Segmental Analysis
- Regional Insights and Emerging Markets
- Conclusion
Chapter 2 Market Overview
- Current Market Scenario and Future Expectations
- Macro-Economic Factors
- Inflationary Pressures and Interest Rate Impacts
- Geopolitical Uncertainties
- Supply Chain Disruptions Affect Sensor Manufacturing
- Porter's Five Forces Analysis
- Value Chain Analysis
- Regulatory Landscape
Chapter 3 Market Dynamics
- Overview
- Market Drivers
- Demand for Remote Sensing Technology
- Hyperspectral Imaging in Agriculture
- Hyperspectral Imaging in Healthcare and Space Exploration
- Government Funding for Hyperspectral Imaging
- Improved Image Quality and Processing Speed
- Market Restraints
- High Costs Associated with the Use of Hyperspectral Imaging
- Requirement for Faster Computers and More Data Storage
- Market Opportunities
- Miniaturized Components for Precise Microscopic Identification
- Sustainable Recycling and Environmental Monitoring
- AI Integration for Food Quality Assessment
- New Applications in Autonomous Vehicles and Smart Cities
- Global Earth Observatories
Chapter 4 Emerging Trends and Technologies
- Overview
- Emerging Trends
- Improved Detection of Food Freshness
- Strategic Acquisitions Shaping the Industry
- Enhanced Optical Performance and Specialized Applications
- High-Performance Sensors, User-Friendly Cameras
- Emerging Technologies
- Integration of On-Chip Thin-Film Filters
- Integration of Quantum-enhanced Photonic Sensors
- Quantum Dot Revolution and NIR Hyperspectral Imaging
- Patent Analysis
- Geographical Patterns
- Significant Patent Grants
- Key Findings
Chapter 5 Market Segmentation Analysis
- Segmentation Breakdown
- Market Breakdown by Scanning Type
- Key Takeaways
- Spectral Scanning
- Spatial Scanning
- Hybrid Scanning
- Market Breakdown by Offering
- Key Takeaways
- Hardware
- Software and Services
- Market Breakdown by Technology
- Key Takeaways
- Push Broom
- Tunable Filters
- Imaging FTIR
- Whisk Broom
- Snapshot Imaging
- Market Breakdown by Spectral Range
- Key Takeaways
- VNIR (Visible-Near Infrared)
- SWIR (Shortwave Infrared)
- NIR (Near-Infrared)
- Long-wave Infrared (LWIR)
- Market Breakdown by Application
- Key Takeaways
- Defense and Intelligence
- Agriculture and Precision Farming
- Healthcare and Medical Diagnostics
- Food Quality and Safety
- Mining and Mineral Exploration
- Environmental Monitoring
- Scientific Research and Academia
- Other Applications
- Geographic Breakdown
- Market Breakdown by Region
- Key Takeaways
- North America
- Europe
- Asia-Pacific
- Rest of the World
Chapter 6 Competitive Intelligence
- Market Ecosystem Analysis
- Ranking of Leading Companies
Chapter 7 Sustainability and ESG in the Hyperspectral Imaging Industry
- ESG Issues in Hyperspectral Imaging Market
- Environmental Issues
- Social Responsibilities
- Governance
- ESG Performance Analysis
- Environmental Performance
- Social Performance
- Governance Performance
- Status of ESG in the Hyperspectral Imaging Industry
- Concluding Remarks from BCC Research
Chapter 8 Appendix
- Methodology
- Abbreviations
- References
- Company Profiles
- BAYSPEC INC.
- BRIMROSE CORP.
- CHNSPEC TECHNOLOGY (ZHEJIANG) CO. LTD.
- CORNING INC.
- CUBERT GMBH
- CYTOVIVA INC.
- EXOSENS
- GALILEO GROUP INC.
- HANSA LUFTBILD AG
- HEADWALL PHOTONICS INC.
- HORIBA LTD.
- IMEC
- LLA INSTRUMENTS
- MALVERN PANALYTICAL LTD.
- NORSK ELEKTRO OPTIKK
- NORTHROP GRUMMAN
- ORNET SDN BHD
- PLANET LABS PBC
- RESONON INC.
- SPECIM SPECTRAL IMAGING LTD.
- SPECTIR
- SURFACE OPTICS CORP.
- XIMEA GMBH