About Hyper Spectral Imaging Systems (HSI)
Hyperspectral imaging would be a spectroscopic technique which gathers hundreds of images at various wavelengths over a linear area. To identify objects and processes, hyperspectral imaging collects spectra for each pixel in the sample. Hyperspectral imaging gathers and analyses data from all parts of the electromagnetic spectrum. Hyperspectral imaging aids in the identification of chemical properties of materials, allowing for the analysis of differences between them. Some key aspects distinguish HSI systems from color and multispectral imaging systems (MSI). The color and MSI systems, for example, picture the scene in three to ten spectral bands, whereas the HSI systems image the scene in hundreds of co-registered bands. Remote sensing, sorting, microscopy, military and defense applications, and agriculture have all benefited from the technology. Hyperspectral imaging is becoming increasingly widely used, with applications in ecology and surveillance, historical manuscript research, and other fields.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hyper Spectral Imaging Systems (HSI) market throughout the forecasted 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.
Sensors Unlimited (United States), Corning (United States), HORIBA (Japan), Photonic Science (United Kingdom), Headwall Photonics, Inc. (United States), Specim, Spectral Imaging Ltd. (Finland), Norsk Elektro Optikk AS (Norway), Telops (Canada), Surface Optics Corporation (United States), CytoViva, Inc. (United States) and Raytheon Company (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are ChemImage Corporation (United States), Cubert GmbH (Germany), BaySpec, Inc. (United States) and Inno-Spec GmbH (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Hyper Spectral Imaging Systems (HSI) market by Type (Instrument and Accessory) and Region.
On the basis of geography, the market of Hyper Spectral Imaging Systems (HSI) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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 , the sub-segment i.e. will boost the Hyper Spectral Imaging Systems (HSI) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Technological Advancements In Imaging Sensors
Market Growth Drivers:
Rapidly Growing Medical And Healthcare Sector and Increasing Acceptance Of Medical Imaging Systems
Challenges:
High Cost Associated With The Hyperspectral Imaging System
Restraints:
Technological Complexity Associated With Hyperspectral Imaging System
Opportunities:
Surge In Demand Of Hyperspectral Imaging Food Sector and Growing Industrial And Agricultural Applications Fuels The Growth
Market Leaders and their expansionary development strategies
On 2 February 2021, HORIBA, Ltd. (Headquarters in Kyoto, Japan, referred to as HORIBA) and HORIBA Instruments (Headquarters in Irvine, California) announced that it has acquired MedTest Holdings, Inc. (Headquarters in Canton, MI, USA, composed of MedTest Dx, Inc., Pointe Scientific, Inc., Clinitox Diagnostix, Inc., and Medical Laboratory Solutions, Inc.).
In September 2022, Raptor has developed a new core hardware engine for Hyperspectral Imaging. The HIS-OEM features the Owl 320HS camera coupled to a custom spectrometer with lens options. With high measurement rates, exceptional spectral and spatial resolution, and a flexibly adjustable field of view, the HIS 320 enables real-time in-line monitoring – even on fast-moving objects.
Key Target Audience
Hyper Spectral Imaging Systems, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations 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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.