Hyperspectral Imaging Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Published on : Feb-2020 | List of Tables : 72 | List of Figures : 90 | No. of Pages : 170 | Report Code : FACT4570MR |

Surging Application Areas to Bolster Hyperspectral Imaging Market

Hyperspectral images can effectively distinguish between multiple objects and physical materials, thus unfolding utilization in broad application areas such as mineral detection, environment monitoring, precision agriculture, and urban planning. Support from governments across the globe and militaries around the world, as well as growing interest from land development-related industries such as agri-tech, real estate and mining, the hyperspectral imaging technology is approaching commercial viability. Further, on the back of recent advancements within the remote sensing industry, hyperspectral imaging services are increasingly being used for newer application areas such as business geocoding, banking and the retail sector. Further, as the advantages and offerings of hyperspectral imaging are becoming popular, its use for out of the box opportunities is also envisaged upon. Targeted advertising, crowd simulation and geodatabase for antiquities are amongst the most lucrative areas for hyperspectral imaging market.

North America to Remain Under Spotlight in Hyperspectral Imaging Market

North America accounted for over 30% of the Hyperspectral Imaging market share in 2019 on the back of high spending on hyperspectral images. Regionally, North America region has witnessed high adoption of imaging services for mining & mineral, forestry & agriculture and aerospace & defence etc. Further, dedicated satellites for hyperspectral remote sensing are also one of the prominent factors fuelling the regional hyperspectral imaging market growth. Further, government bodies are re-aligning their strategies and focusing on hyperspectral imaging satellite launches. Additionally, activities of players targeted at hyperspectral solutions adds value to the North American market. SaraniaSat and HyperSat LLC, both based out of US have secured significant investments for developing high resolution hyperspectral imaging technologies.

hyperspectral imaging market 01

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Forestry and Agriculture to Command leading share in the Global Hyperspectral Imaging Market

Forestry and agriculture as an end-use sector are forecast to hold the highest market share in hyperspectral imaging market amongst other industries. Hyperspectral imaging serves various use cases under forestry and agriculture including vegetation classification, seed performance analysis, weed mapping, forest management and others. Further, the amount of data collected on farms through sensors has increased dramatically over the last decade, and hyperspectral imaging service providers have synced offerings to leverage the data and provide solutions to farm owners. Vendors dedicated towards providing hyperspectral imaging solutions are also involved in attracting investments that further drive the segmental growth. For instance, in December 2018, FluroSat that deals in providing software for detecting crop health has raised an investment worth US$ 0.69 Mn in seed round. The amount is dedicated towards developing decision support platform for grain and cotton producers.

hyperspectral imaging market 02

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Technology Upgradation to give Impetus to Hyperspectral Imaging Market

Remote sensing is continuously evolving and multisensory data fusion technology has gained attention of service providers which is aimed at providing higher resolutions in lesser time. Also, higher temporal resolution frequencies tend to provide accurate analysis. Furthermore, cloud computing is enabling lower data storage and computing costs while machine learning is aimed at reducing the analysis time of hyperspectral imageries. This has enabled imaging service providers to offer not just the images but solutions to end users. Moreover, leading imagery service providers are focusing on business expansion through an increasing range of services across niche applications along with establishing long term contracts with government organizations. Some of the leading companies in hyperspectral imaging market, include Airbus Defence and Space, Hexagon AB, CYIENT, Planet Labs, Satellogic SA and others.

Hyperspectral Imaging Market - Scope of the Report

The recent study by Fact.MR on hyperspectral imaging market offers a 10-year forecast between 2019 and 2029. The study analyzes crucial trends that are currently determining the growth of hyperspectral imaging market. This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with hyperspectral imaging industry. The study also provides dynamics that are responsible for influencing the future status of the hyperspectral imaging market over the forecast period.

A detailed assessment of hyperspectral imaging value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the hyperspectral imaging market along with their detailed profiling enhances the reliability of this comprehensive research study.

Hyperspectral Imaging Market: Report Summary

The study offers a comprehensive analysis on diverse features including product portfolio, demand, product developments, revenue generation and sales in hyperspectral imaging market across the globe.

A comprehensive estimate on hyperspectral imaging market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of hyperspectral imaging during the forecast period. Price point comparison by region with global average price is also considered in the study. 

Hyperspectral Imaging Market Segmentation

Fact.MR has studied the hyperspectral imaging market with detailed segmentation on the basis of end-use industry and key regions.

End-Use Industry

Region

Mining and Mineral

North America

Forestry and Agriculture

Latin America

Infrastructure and Urban Planning

Europe

Oil & Gas

South Asia

Utility and Energy

East Asia

Aerospace & Defense

Oceania

Environment Monitoring and Control

Middle East & Africa

Other Industries

 

This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”

Hyperspectral Imaging Market: Analysis on Market Size Evaluation

Hyperspectral imaging market has been analyzed for each market segment, in terms of value (US $ Mn).

Market estimates at global and regional levels for hyperspectral imaging is available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent hyperspectral imaging market segments, along with the market attractiveness evaluation has been incorporated in the report. Furthermore, the absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve along with identifying potential resources, considering sales and distribution perspective in the global hyperspectral imaging market.

Hyperspectral Imaging Market: Inspected Assessment on Regional Segments

Key sections have been elaborated in the hyperspectral imaging report, which helped to deliver projection on the regional markets. These chapters include the regional macros (political economic, and business environment outlook), which are expected to have a momentous influence on the growth of hyperspectral imaging market during the forecast period.

Country-specific valuation on demand for hyperspectral imaging has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value for emerging countries has also been included in the report.

Hyperspectral Imaging Market: In-depth Analysis on Competitive Landscape

The report sheds light on the leading vendors of hyperspectral imaging along with their detailed profiles. Essential and up-to-date data information related to the market performers, who are principally engaged in the production of the hyperspectral imaging, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which includes essentials such as product portfolio, key strategies along with an all-inclusive SWOT analysis on each player. The company presence is mapped and presented through the matrix for all the prominent players thus providing the readers with actionable insights, which helps in thoughtfully presenting market status, and predicting the competition level in hyperspectral imaging market. Prominent companies operating in the global hyperspectral imaging market, include Airbus Defence and Space, Hexagon AB, CYIENT, Planet Labs, Satellogic SA and others.

1. Executive Summary

    1.1. Summary of Key Findings

    1.2. Summary of Statistics

    1.3. Opportunity and White Spaces Briefed

    1.4. Notes on Trends and Recent Development

    1.5. Fact.MR Recommendations 

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

    2.3. Hyperspectral Imaging Application Use Case and Opportunity Threshold

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Market Background

    4.1. Enterprise and Organizational Spending (US$ Mn) Analysis for Hyperspectral Arial Data, 2014 – 2019

        4.1.1. Spending by Product and Services

            4.1.1.1. Spending on Arial Images (in US$ Mn)

            4.1.1.2. Spending on Analytical and Other Allied Services (US$ Mn)

        4.1.2. Spending by Regions and Key Countries

            4.1.2.1. North America (US and Canada)

            4.1.2.2. Latin America (Mexico, Brazil)

            4.1.2.3. Europe (Germany, UK, France, Spain, Italy, BENELUX, NORDIC, Russia)

            4.1.2.4. Asia Pacific (China, Japan, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Australia)

            4.1.2.5. Middle East and Africa (Turkey, Egypt, South Africa, Saudi Arabia, UAE and Israel)

    4.2. Remote Sensing: Need and Application Wise Mapping

    4.3. Evolution & Transition: Remote Sensing Industry

    4.4. Types of Remote Sensing

        4.4.1. Hyperspectral

        4.4.2. Multispectral

        4.4.3. Superspectral

    4.5. Global Remote Sensing Services Market Overview

    4.6. Global Geospatial Imagery Analytics Market Outlook

    4.7. Regulatory Framework: Satellite Imaging

    4.8. Investments In Hyperspectral Remote Sensing

    4.9. Macro-Economic Factors Influencing Hyperspectral Imaging Demand

        4.9.1. Global GDP Growth Outlook

        4.9.2. Global Urbanization Growth Outlook

        4.9.3. Others

    4.10. Forecast Factors - Relevance & Impact

        4.10.1. Investments in Hyperspectral Remote Sensing Technology

        4.10.2. Trend of Hyperspectral Arial Data Spending

        4.10.3. Increasing Number of Startups

        4.10.4. Remote Sensing Services Market Trend

        4.10.5. Geospatial Imagery Analytics Market Growth

        4.10.6. End-Use Industry Growth Rates

        4.10.7. Others

    4.11. Market Dynamics

        4.11.1. Drivers

        4.11.2. Restraints

        4.11.3. Opportunity Analysis

5. Global Hyperspectral Imaging Market Demand (US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029

    5.1. Historical Market Value (US$ Mn) Analysis, 2014-2018

    5.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029

        5.2.1. Y-o-Y Growth Trend Analysis

        5.2.2. Absolute $ Opportunity Analysis

6. Global Hyperspectral Imaging Market Analysis 2014-2018 and Forecast 2019-2029, by End-Use Industry

    6.1. Introduction / Key Findings

    6.2. Historical Market Size (US$ Mn) By End-Use Industry, 2014 - 2018

    6.3. Current and Future Market Size (US$ Mn)  and Forecast By End-Use Industry, 2019 - 2029

        6.3.1. Mining and Mineral 

        6.3.2. Forestry and Agriculture

        6.3.3. Infrastructure and Urban Planning 

        6.3.4. Oil & Gas 

        6.3.5. Utility and Energy 

        6.3.6. Aerospace & Defence 

        6.3.7. Environment Monitoring and Control 

        6.3.8. Others

    6.4. Market Attractiveness Analysis By End-Use Industry

7. Global Hyperspectral Imaging Market Analysis 2014-2018 and Forecast 2019-2029, by Region

    7.1. Introduction

    7.2. Historical Market Size (US$ Mn)  By Region, 2014 - 2018

    7.3. Current Market Size (US$ Mn)  and Forecast By Region, 2019 - 2029

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Europe

        7.3.4. Asia Pacific

        7.3.5. Middle East and Africa (MEA)

    7.4. Market Attractiveness Analysis By Region

8. North America Hyperspectral Imaging Market Analysis 2014-2018 and Forecast 2019-2029

    8.1. Introduction

    8.2. Costing Analysis

    8.3. Historical Market Size (US$ Mn) Analysis By Market Taxonomy, 2014 - 2018

    8.4. Market Size (US$ Mn) and  By Market Taxonomy, 2019 - 2029

        8.4.1.  By Country

            8.4.1.1. U.S.

            8.4.1.2. Canada

        8.4.2. By End-Use Industry

    8.5. Market Attractiveness Analysis

        8.5.1. By Country

        8.5.2. By End-Use Industry

    8.6. Market Trends

    8.7. Key Market Participants - Intensity Mapping

    8.8. Drivers and Restraints - Impact Analysis

9. Latin America Hyperspectral Imaging Market Analysis 2014-2018 and Forecast 2019-2029

    9.1. Introduction

    9.2. Costing Analysis

    9.3. Historical Market Size (US$ Mn)  Analysis By Market Taxonomy, 2014 - 2018

    9.4. Market Size (US$ Mn) and  By Market Taxonomy, 2019 - 2029

        9.4.1.  By Country

            9.4.1.1. Brazil

            9.4.1.2. Mexico

        9.4.2. By End-Use Industry

    9.5. Market Attractiveness Analysis

        9.5.1. By Country

        9.5.2. By End-Use Industry

    9.6. Market Trends

    9.7. Key Market Participants - Intensity Mapping

    9.8. Drivers and Restraints - Impact Analysis

10. Europe Hyperspectral Imaging Market Analysis 2014-2018 and Forecast 2019-2029

    10.1. Introduction

    10.2. Costing Analysis

    10.3. Historical Market Size (US$ Mn)  Analysis By Market Taxonomy, 2014 - 2018

    10.4. Market Size (US$ Mn) and  By Market Taxonomy, 2019 - 2029

        10.4.1.  By Country

            10.4.1.1. Germany

            10.4.1.2. Italy

            10.4.1.3. France

            10.4.1.4. U.K.

            10.4.1.5. Spain

            10.4.1.6. BENELUX

            10.4.1.7. Russia

            10.4.1.8. Rest of Europe

        10.4.2. By End-Use Industry

    10.5. Market Attractiveness Analysis

        10.5.1. By Country

        10.5.2. By End-Use Industry

    10.6. Market Trends

    10.7. Key Market Participants - Intensity Mapping

    10.8. Drivers and Restraints - Impact Analysis

11. Asia Pacific Hyperspectral Imaging Market Analysis 2014-2018 and Forecast 2019-2029

    11.1. Introduction

    11.2. Costing Analysis

    11.3. Historical Market Size (US$ Mn)  Analysis By Market Taxonomy, 2014 - 2018

    11.4. Market Size (US$ Mn) and  By Market Taxonomy, 2019 - 2029

        11.4.1.  By Country

            11.4.1.1. China

            11.4.1.2. Japan

            11.4.1.3. South Korea

            11.4.1.4. India

            11.4.1.5. Singapore

            11.4.1.6. Thailand

            11.4.1.7. Indonesia

            11.4.1.8. Malaysia

            11.4.1.9. Australia

        11.4.2. By End-Use Industry

    11.5. Market Attractiveness Analysis

        11.5.1. By Country

        11.5.2. By End-Use Industry

    11.6. Market Trends

    11.7. Key Market Participants - Intensity Mapping

    11.8. Drivers and Restraints - Impact Analysis

12. Middle East and Africa Hyperspectral Imaging Market Analysis 2014-2018 and Forecast 2019-2029

    12.1. Introduction

    12.2. Costing Analysis

    12.3. Historical Market Size (US$ Mn)  Analysis By Market Taxonomy, 2014 - 2018

    12.4. Market Size (US$ Mn) and  By Market Taxonomy, 2019 - 2029

        12.4.1.  By Country

            12.4.1.1. Turkey 

            12.4.1.2. Egypt

            12.4.1.3. South Africa

            12.4.1.4. Saudi Arabia

            12.4.1.5. UAE

            12.4.1.6. Israel

        12.4.2. By End-Use Industry

    12.5. Market Attractiveness Analysis

        12.5.1. By Country

        12.5.2. By End-Use Industry

    12.6. Market Trends

    12.7. Key Market Participants - Intensity Mapping

    12.8. Drivers and Restraints - Impact Analysis

13. Emerging Countries Hyperspectral Imaging Market Analysis 2014-2018 and Forecast 2019-2029

    13.1. Introduction

        13.1.1. Market Value Proportion Analysis, By Key Countries

        13.1.2. Global Vs. Country Growth Comparison

    13.2. China Hyperspectral Imaging Market Analysis

        13.2.1. Introduction

        13.2.2. Market Value Proportion Analysis by Market Taxonomy

        13.2.3. Market  Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            13.2.3.1. By End-Use Industry

        13.2.4. China Hyperspectral Imaging Market - Competition Landscape

    13.3. India Hyperspectral Imaging Market Analysis

        13.3.1. Introduction

        13.3.2. Market Value Proportion Analysis by Market Taxonomy

        13.3.3. Market  Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            13.3.3.1. By End-Use Industry

        13.3.4. India Hyperspectral Imaging Market - Competition Landscape

    13.4. Mexico Hyperspectral Imaging Market Analysis

        13.4.1. Introduction

        13.4.2. Market Value Proportion Analysis by Market Taxonomy

        13.4.3. Market  Value (US$ Mn) Analysis and Forecast by Market Taxonomy

            13.4.3.1. By End-Use Industry

        13.4.4. Mexico Hyperspectral Imaging Market - Competition Landscape

14. Market Structure Analysis

    14.1. Market Analysis by Tier of Companies (Hyperspectral Imaging)

    14.2. Market Concentration

    14.3. Market Share Analysis of Top Players

    14.4. Market Presence Analysis

15. Competition Analysis

    15.1. Competition Dashboard

    15.2. Competition Benchmarking

    15.3. Competition Deep Dive 

        15.3.1. Airbus Defence and Space

            15.3.1.1. Overview

            15.3.1.2. Product Portfolio

            15.3.1.3. Sales Footprint

            15.3.1.4. Strategy Overview

        15.3.2. Antrix Corporation

            15.3.2.1. Overview

            15.3.2.2. Product Portfolio

            15.3.2.3. Sales Footprint

            15.3.2.4. Strategy Overview

        15.3.3. CYIENT

            15.3.3.1. Overview

            15.3.3.2. Product Portfolio

            15.3.3.3. Sales Footprint

            15.3.3.4. Strategy Overview

        15.3.4. Hansa Luftbild

            15.3.4.1. Overview

            15.3.4.2. Product Portfolio

            15.3.4.3. Sales Footprint

            15.3.4.4. Strategy Overview

        15.3.5. Harris Corporation

            15.3.5.1. Overview

            15.3.5.2. Product Portfolio

            15.3.5.3. Sales Footprint

            15.3.5.4. Strategy Overview

        15.3.6. Hexagon AB

            15.3.6.1. Overview

            15.3.6.2. Product Portfolio

            15.3.6.3. Sales Footprint

            15.3.6.4. Strategy Overview

        15.3.7. HyperSpectral Solutions LLC

            15.3.7.1. Overview

            15.3.7.2. Product Portfolio

            15.3.7.3. Sales Footprint

            15.3.7.4. Strategy Overview

        15.3.8. Planet Labs

            15.3.8.1. Overview

            15.3.8.2. Product Portfolio

            15.3.8.3. Sales Footprint

            15.3.8.4. Strategy Overview

        15.3.9. Satellogic SA

            15.3.9.1. Overview

            15.3.9.2. Product Portfolio

            15.3.9.3. Sales Footprint

            15.3.9.4. Strategy Overview

        15.3.10. SpecTIR

            15.3.10.1. Overview

            15.3.10.2. Product Portfolio

            15.3.10.3. Sales Footprint

            15.3.10.4. Strategy Overview

        15.3.11. The Sanborn Map Company

            15.3.11.1. Overview

            15.3.11.2. Product Portfolio

            15.3.11.3. Sales Footprint

            15.3.11.4. Strategy Overview

16. Assumptions and Acronyms Used

17. Research Methodology

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Hyperspectral Imaging Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029