12 October 2017
medical device

Market Analysis
According to Data Bridge Market Research new Market report “Global Hyperspectral Imaging Systems Market, By Component (Hyperspectral Cameras, Accessories), Application (Military Surveillance, Remote Sensing, Machine Vision/Optical Sorting, Life Sciences & Medical Diagnostics), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Trends and Forecast to 2024”, the global hyperspectral imaging systems market accounted to USD 7.21 billion in 2016 at a CAGR of 11.70% during the forecast period of 2017 to 2024.

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Global Hyperspectral Imaging Systems Market – Key Market Points:
The Global Hyperspectral Imaging Systems (HIS) Market is driven by different components, such as incorporating mechanical development in sensor plan, producing light weighted and low cost cameras. Recently, few of the manufacturers have begun coming up with compact, handheld hyperspectral cameras for the convenient utilization of ecological researchers, remote detecting associations and civil engineers along with innovation in the security market, particularly in handheld surveillance cameras so as to control the cases of burglary. For instance, Unispectral Technologies has built up an optical focal point and picture handling programming that can change over a cell phone into a hyperspectral sensor.

Increase in technological advancement will also drive the market growth in future by innovative, techno friendly and environment monitoring device as mentioned above. There is also a quantitative increment of research ventures or projects after utilizing hyperspectral imaging systems and growing modern industrial uses of HIS. For instance, defense, pharmaceuticals, forensics, and industry inspection extensively uses the HIS. Due to its high account of imaging capabilities, it has gained much attention in healthcare sector such as medical imaging and life sciences. This has been projected to obtain a high CAGR in the forecasting period. Rising awareness about HIS technology will also drive the market.
Other factors which will lead the global hyperspectral imaging systems market are increased in healthcare expenditure, rising demand for accurate data and government initiatives. North America will account a large market share and is expected to lead the market in the forecast period whereas Asia-Pacific will dominate with the highest CAGR in the forecast period (2017-2024).

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Global Hyperspectral Imaging Systems Market – Market Segmentation:
The global hyperspectral imaging systems market is segmented on the basis of component and application.
• Component
o Hyperspectral Cameras
o Accessories
• Application
o Military Surveillance
o Remote Sensing
o Machine Vision/Optical Sorting
o Life Sciences & Medical Diagnostics

Global Hyperspectral Imaging Systems Market – Geographical Segmentation:
• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa

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Global Hyperspectral Imaging Systems Market – Competitive Landscape:
The Global Hyperspectral Imaging Systems Market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market. The report also covers the market shares for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America hyperspectral imaging systems market.

Some of the major players operating in global hyperspectral imaging systems market are:
• Corning Incorporated (U.S.)
• Headwall Photonics, Inc. (U.S.)
• Resonon (U.S.)
• NorskElektroOptikk AS (Norway)
• SPECIM, Spectral Imaging Ltd. (Finland)
• Applied Spectral Imaging Inc. (U.S.)
• Telops (Canada)
• BaySpec Inc. (U.S.)
• ChemImage Corp. (U.S.)
• Surface Optics Corporation (U.S.)
• IMEC (Belgium)
• Brandywine Photonics LLC (U.S.)
• FluxData Inc. (U.S.)
• Corescan (Australia)
• Gilden Photonics Ltd. (U.K)
• Merrick & Company (U.S)
• Among Others

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