The report “Hyperspectral Imaging Market (HSI) (Agriculture, Colorimetry, Environmental Monitoring, Food Industry, Life Science & Medical Diagnostics, Military Surveillance, Mining & Mineralogy, and Machine Control & Process Vision) – Trends and Forecasts till 2019” is expected to reach a value of $74.3 million by 2019, estimated to grow at a CAGR of 12.0% from 2014 to 2019.
Browse through the TOC of “Global Hyperspectral Imaging Market (HSI) (Agriculture, Colorimetry, Environmental Monitoring, Food Industry, Life Science & Medical Diagnostics, Military Surveillance, Mining & Mineralogy, and Machine Control & Process Vision) – Trends and Forecasts till 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 such as temperature, precipitation, ozone, air quality, and carbon dioxide in order to predict and monitor the climatic conditions, and detect the environmental hazards.
Factors such as increasing adoption of hyperspectral imaging, technological advancements, data accuracy, and consistency drive the market growth for hyperspectral imaging market. HSI technologies are widely used in areas such as mining & mineralogy, agriculture, life science & diagnostics, and environment testing. The HSI market has various application segments, out of which the military surveillance commanded the largest share in 2013, and the trend is expected to continue in the coming years, thereby leading to similar market dominance during the forecast period. 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. 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 in the life science & clinical research sector.
Geographically, the North American region commanded a share of 50.6% of the global hyperspectral imaging market in 2014. The North American market was valued at $21.4 million in 2014 and is expected to grow at a CAGR of 12.3% from 2014 to 2019. The Asian hyperspectral imaging market is expected to grow at comparatively the fastest CAGR from 2014 to 2019. Europe and Rest of the World (RoW) are the other major regions considered in the geographic market analysis.
The global hyperspectral imaging market has been segmented, on the basis of application, into agriculture, food, life science & medical diagnostics, environmental monitoring, military surveillance, colorimetry, mining & mineralogy, meteorology, and machine control & process vision.
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