The Report “European Hyperspectral Imaging Market By Applications (Agriculture Industry, Environmental Monitoring, Food Industry, Life Science & Medical Diagnostics, Military & Surveillance, Mining & Mineralogy, Machine Control & Process Vision)-Forecast to 2019” is expected to reach a value of $19.3 Million by 2019, estimated to grow at a CAGR of 11.4% from 2014 to 2019.
Browse through the TOC of “European Hyperspectral Imaging Market By Applications (Agriculture Industry, Environmental Monitoring, Food Industry, Life Science & Medical Diagnostics, Military & Surveillance, Mining & Mineralogy, Machine Control & Process Vision)-Forecast to 2019” for an analysis of industry trends and segments, with the help of various tables and figures.
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Hyperspectral Imaging (HSI) is a colorimetric technique that captures the spectral fingerprint of objects in the visible (includes nearby IR and UV) spectrum through a multitude (tens to hundreds) of narrowband optical filters. It is broadly considered to be the subset of spectral imaging, which captures all the color tones of the scene over separate pixels, optically distinguishing any slight variation in visually similar colors, therefore, ensuring a high spectral resolution image capturing process. Some of the major utility areas of HSI sensors and cameras are to forecast cyclogenesis and the development of hurricane force winds in the North Pacific and Atlantic oceans, identify regions of stratospheric air, and detect major atmospheric parameters, among others. The major applications of HIS are in military and healthcare verticals.
Factors such as increasing adoption of hyperspectral imaging across verticals, technological advancements, data accuracy, and consistency, drive the growth of the European hyperspectral imaging market. Besides operator safety, patient comfort and safety are some of the major factors that drive the hyperspectral imaging market. It is also used in areas, such as the mining & mineralogy, agriculture, and environment testing industries.
HSI market has various application segments, out of which military surveillance commanded the largest share in 2013, and the trend is expected to continue to remain in the coming years. The airborne hyperspectral imagery is valuable for military and civilian applications, such as detection of military camouflage, landmine detection, target identification, detection of anomalies, and changes within multiple acquisitions. In the life sciences and clinical sector, HSI is used to visualize and access the images of in-depth structures of eye, surface tissues, mucosal membranes, the gastrointestinal tract, and vascular systems, therefore fuelling the growth of the hyperspectral imaging market.
Geographically, the European region contributed 26.7% in 2014 to the global hyperspectral imaging market. The European market was estimated at $11.3 million in 2014, and is expected to grow at a CAGR of 11.4% from 2014 to 2019. In terms of high growth potential, the German hyperspectral imaging market is an open market, expected to witness highly significant growth during the forecast period of 2014 to 2019.
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