What is Hyperspectral Remote Sensing?
Hyperspectral sensors measure energy in slighter and more frequency bands than multispectral sensors. Hyperspectral images are able to contain as many as 200 (or more), contiguous spectral bands. The various narrow bands of hyperspectral sensors deliver a constant spectral measurement across the electromagnetic spectrum and therefore they are more sensitive to restrained variations in reflected energy. The images that are produced from hyperspectral sensors comprise much more data than images from multispectral sensors and have a superior potential to detect differences among land and water features. For example, hyperspectral imagery can be used to map tree species within the forest.
The market study is broken down by Type (Visible/Near-Infrared (VNIR), Short-Wave Infrared (SWIR), Mid-Wave Infrared (MWIR), Long-Wave Infrared (LWIR) and Thermal LWIR), by Application (Agriculture, Mining/Mineral Mapping, Environmental Monitoring and Others) and major geographies with country level break-up.
Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Hyperspectral Remote Sensing market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Headwall Photonics (United States), Corning Incorporated (United States), SPECIM (Finland), Resonon (United States), Telops (Canada), Norsk Elektro Optikk (Norway), Applied Spectral Imaging (United States), BaySpec (United States), Surface Optics Corporation (United States), Cubert (Germany) and Gilden Photonics Ltd. (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are ITRES (Canada), Brimrose Corporation (United States) and CI Systems (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Hyperspectral Remote Sensing market by Type, Application and Region.
On the basis of geography, the market of Hyperspectral Remote Sensing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Hyperspectral Cameras will boost the Hyperspectral Remote Sensing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Defense will boost the Hyperspectral Remote Sensing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 25 June 2020- Headwall Photonics, a world leader in hyperspectral imaging platforms and instrumentation, and perClass BV, provider of innovative and reliable software for production deployment of machine learning and spectral imaging solutions, announced a partnership that will help meet challenging needs for customers worldwide.
Market Trend
- Innovation in Miniaturization and Sensor Technology
- Accessibility of Narrower Bandwidths
Market Drivers
- Increasing Industrial Applications such as Remote Sensing and Machine Vision of Hyperspectral Imaging
- Rising Utilization of Hyperspectral Imaging for Environmental Monitoring by Many Regional Governments
Opportunities
- Increasing Funding and Investment for Hyperspectral Imaging
- Growing Number of Research Projects for Hyperspectral Imaging
Challenges
- High Initial investments and Installation Costs Limiting the Market
Key Target Audience
Manufacturers of Hyperspectral Remote Sensor, Suppliers of Hyperspectral Remote Sensor, Raw Material Provider, Government Agencies, Private Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.