Lucintel anticipates that North America will be the fastest growing region in the hyperspectral imaging system market

   October 24, 2019
According to a market report published by Lucintel, the future of the hyperspectral imaging system market looks promising with opportunities in the military surveillance, remote sensing, machine vision and optical sorting, life sciences and medical diagnostic market. The hyperspectral imaging system market is expected to grow with a CAGR of 11% from 2019 to 2024. The major growth drivers for this market are growing number of research projects using hyperspectral imaging techniques, and widening industrial applications of hyperspectral imaging.

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In this market, cameras and accessories are the major components of hyperspectral imaging system. Hyperspectral camera is the largest segment.

North America will remain the largest market over the forecast period due to increasing healthcare expenditure. Availability of funding will also enable startups, and existing firms to launch innovative products in the region.

Headwall Photonics, Corning Incorporated, Specim, Applied Spectral Imaging, Resonon, Telops, Norsk Elektro Optikk, Bayspec, Surface Optics Corporation, and Chemimage Corporation are among the major manufacturers in the hyperspectral imaging system market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the hyperspectral imaging system market by application, component, and region. Lucintel has prepared a comprehensive research report titled "Hyperspectral Imaging System Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the hyperspectral imaging system market by application, component, and region as follows:

By Application [$M shipment analysis for 2013 – 2024]:

  • Military Surveillance

  • Remote Sensing

    • Agriculture

    • Mining/Mineral Mapping

    • Environmental Monitoring

    • Other Remote Sensing Applications

  • Machine Vision/Optical Sorting

  • Life Sciences and Medical Diagnostics

  • Other Applications (Colorimetry, Meteorology, Thin Film Manufacturing, and Night Vision)

By Component [$M shipment analysis for 2013 – 2024]:

  • Hyperspectral Cameras

  • Accessories

By Region [$M shipment analysis for 2013 – 2024]:

  • North America

    • United States

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

  • Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

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