Global Hyperspectral Cameras Market: Overview
Hyperspectral cameras are the advanced camera technologies that process and evaluate the information at various light wavelengths on the electromagnetic spectrum and captures high quality three-dimensional and high-resolution images using hyperspectral imaging technologies. The hyperspectral cameras are used in multiple industries that include security & defense, medical imaging, forgery detection, mining, agriculture, public safety, healthcare and food processing industries. Nowadays, hyperspectral cameras are also capable of identifying the existence of oil or impurities in water. The latest hyperspectral cameras capture the full electromagnetic spectrum. With the help of computational research, hyperspectral imaging can be constructed from the standard RGB color model that is used in regular cameras. Hyperspectral cameras collect detailed information from across the electromagnetic spectrum as compared to traditional cameras and are widely used in industrial applications. Manufacturers of hyperspectral cameras are focused on manufacturing an advanced hyperspectral camera that can be used for smaller applications, such as quality control in wineries, and quality inspection in food processing and recycling industry. Hyperspectral camera imaging technology is rapidly becoming a vital tool for analyzing and monitoring the material samples in chemical and other industries. The airborne hyperspectral cameras are used mainly for environmental monitoring and research. Hyperspectral cameras are used in benchtop, outdoor and airborne scanning systems.
The key vendors in the hyperspectral cameras market are focused on differentiated offerings and expansion of product portfolio to enhance their geographic presence in the hyperspectral cameras market. The hyperspectral cameras manufacturers are aiming at product launch strategy that will help them to increase their foothold in the hyperspectral cameras market. Therefore, the introduction of innovative hyperspectral cameras and rise in the application of hyperspectral cameras in environmental monitoring and precision agriculture are the key factors that are expected to boost the growth of the hyperspectral cameras across the globe.
Global Hyperspectral Cameras Market: Dynamics
Low power consumption and minimal heat dissipation are the key benefits of hyperspectral cameras that are boosting the growth of the hyperspectral cameras market. Also, the lightweight and compact design of hyperspectral cameras is driving the growth of the hyperspectral cameras market.
However, the high implementation cost can be a restraining factor that can hamper the growth of the hyperspectral cameras market.
The growing trend towards the usage of mobile hyperspectral cameras for various applications is creating growth opportunities for the key manufacturers in the hyperspectral cameras market.
Global Hyperspectral Cameras Market: Segmentation
The hyperspectral cameras market can be segmented on the basis of type, end user and region. The oil immersed hyperspectral cameras is most widely used for power distribution systems in substations.
Segmentation of the Hyperspectral Cameras Market Based on Type:
- Short-wavelength Infrared (SWIR) Hyperspectral Camera
- Mid-wavelength Infrared (MWIR) Hyperspectral Camera
- Long-wavelength Infrared (LWIR)
Segmentation of the Hyperspectral Cameras Market Based on Application:
- Food Sorting & Quality Grading
- Precision Agriculture
- Public Safety
- Remote Sensing
- Pharmaceutical Defect Inspections
- Security & Forgery Detection
- Environmental Monitoring
Global Hyperspectral Cameras Market: Competition Landscape
Examples of some of the key players in the global hyperspectral cameras market include Specim Spectral Imaging Ltd, FLIR Integrated Imaging Solutions, Inc., Tattile s.r.l., CI Systems, XIMEA GmbH, HinaLea Imaging, Sinsil International, Imec, Resonon, etc.
Global Hyperspectral Cameras Market: Regional Outlook
The Europe region is expected to dominate the hyperspectral cameras market followed by North America and Asia Pacific region. The hyperspectral cameras market in Europe is expected to witness higher growth due to the vast presence of hyperspectral camera vendors in this region. The evolution of mobile hyperspectral cameras is the latest trend that is driving the growth of the hyperspectral cameras market in the North America region. Also, the market in Asia Pacific is growing due to the increasing demand for remote sensing and public safety applications. Moreover, Latin America and MEA regions are projected to grow at a significant rate over the forecast period.
In December 2017, Specim Spectral Imaging Ltd launched mobile Hyperspectral camera, Specim IQ, to analyze the material samples in various industries for application in food safety, recycling, health, forensic investigation, agriculture and arts, etc.
Also, in June 2018, HinaLea Imaging, which is one of the leading providers of hyperspectral imaging technology launched wide-field hyperspectral camera that is used for laboratory and industrial applications.
The research report presents a comprehensive assessment of the hyperspectral cameras market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, type and application.
The Hyperspectral Cameras market report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- CIS and Russia
- Asia-Pacific (China, India, ASEAN, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibits promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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