The global hyper spectral imaging system market to exhibit a CAGR of 8.4% between 2016 and 2024. At this pace, the market’s valuation will reach US$18.88 bn in 2024, from US$9.12 bn in 2015.

Albany, NY -- (SBWire) -- 04/09/2018 --Global Hyper Spectral Imaging System Market: Overview

The Hyper Spectral Imaging (HSI) system helps in detection and treatment of numerous life threatening diseases. The device would be used for dentistry for the detection and diagnosis of oral medical complicacies without X-rays and drilling. This enables detection of medical conditions without the patient actually going through any pain of drilling. Hyper spectral imaging system (HSI) is a non-contract, non-destructive procedure which finds application in a wide range of industries. The hyper spectral imaging system (HSI) involves collection and processing of data which is collected across an electromagnetic spectrum.

The hyper spectral imaging system enables obtaining spectrum for every pixel in a particular image or a sequence of images. The hyper spectral imaging system are used to find SWIR (shortwave infrared) spectrum region for providing in depth information about the composition of a medicine. This is not possible with the help of normal or standard imaging processes. There is growing adoption of hyper spectral imaging system in the healthcare and medicine industry.

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Market dynamics include market drivers, restraints and opportunities and an exhaustive analysis of these factors are included in the report. Market dynamics are the distinct factors which influence the growth of the market and thus help to analyze the current trends in the global market. Therefore, the report provides a comprehensive study of the global Hyper Spectral Imaging System market and also offers the forecast of the market for the period from 2016-2024.

Global Hyper Spectral Imaging System Market: Trends and Opportunities

Rising application of hyper spectral imaging system in surface vision and non-destructive testing is driving the growth of the growth of the market in developed countries. Hyper Spectral imaging system finds application in agriculture sector, eye care, food processing, mineralogy, surveillance and physics among others. The only factor restraining the usage of hyper spectral imaging system is the cost of acquiring these devices. Thus with technological innovation and reduction in the price of hyper spectral imaging systems in the near future is a key opportunity for the market growth especially in sectors like agriculture and food processing among others.

Global Hyper Spectral Imaging Systems Market: Key Segments

The hyper spectral imaging systems by systems have been segmented into PC Base, outdoor camera, airborne and others. The hyper spectral imaging system by end use industry has been segmented into military surveillance and homeland security, industrial, medical diagnostics, food processing, mineralogy, astronomy and others. The global hyper spectral imaging system market by geography has been broadly bifurcated into North America, Asia Pacific, Europe, Middle East and Africa and Latin America. The market for hyper spectral imaging systems has been provided in (USD Billion) in terms of revenue as well as the CAGR for the forecast period of 2016 to 2024.

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Global Hyper Spectral Imaging Systems Market: Competitive Landscape

The competitive profiling of the key players in the global hyper spectral imaging system market has been exhaustively covered under the scope of the report. Furthermore, the different business strategies which have been adopted by the leading players in the global market have been included in this report. In order to provide a detailed insight into the market dynamics of global hyper spectral imaging system market, the drivers and restraints affecting the industry are included in the study. Furthermore, market attractiveness analysis has also been provided in the report.

Some of the key players in the hyper spectral imaging (HSI) systems market Norsk Elektro Optikk (Norway), Corning Incorporated (The U.S.) ,Applied Spectral Imaging, Inc. (The U.S.), Specim Spectral Imaging Ltd. (Finland), Resonon Inc. (The U.S.), Telops Inc. (Canada), Surface Optics Corporation (The U.S.), Chemimage Corporation (The U.S.), BaySpec Inc. (The U.S.), Headwall Photonics, Inc. (The U.S.), FLIR Systems (The U.S.), Teledyne Technologies International Corp (The U.S) and Thermo Fisher Scientific (The U.S.) among others.

The global Hyper Spectral Imaging System market has been segmented into:

Hyper Spectral Imaging System Market, by Systems

PC Based
Outdoor Camera
Airborne
Others

Hyper Spectral Imaging System Market, by End Use Industry

Military Surveillance and Homeland Security
Industrial
Medical Diagnostic
Food Processing
Mineralogy
Astronomy
Others

Hyper Spectral Imaging System Market, by Geography: The market is broadly segmented on the basis of geography into:

North America
The U.S.
Canada
Mexico
Europe
United Kingdom
Germany
The Netherland
Rest of Europe
Asia Pacific
China
India
Japan
Oceania
Rest of Asia Pacific
Middle East and Africa
UAE
Saudi Arabia
South Africa
Others
Latin America
Brazil
Argentina
Others