Hyperspectral Remote Sensing Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
Report Description
The global Hyperspectral Remote Sensing market size is estimated at USD 190.8 million in 2020, expanding at a CAGR of 3.9% from 2021-2027.
Market Dynamics
Hyperspectral Remote Sensing is an advanced technology that offers high spectral resolution information that provides physical and geometrical features of material such as shape, size, color, and appearance. It is also called Imaging Spectroscopy. Increasing application of Hyperspectral Remote Sensing system across the various end-user industry such as environmental testing, mining & mineralogy, agriculture, food industry, life science & medical diagnostics, military surveillance, and meteorology, among others. In addition, increasing terrorist attacks coupled with the rising need to protect the economies from various emerging threats is likely to boost the market growth during the forecast period.
However, high installation cost and lack of awareness about the product among user in developing countries is likely to hinder the market growth during the forecast period.
Based on Type, the market is bifurcated into Visible and Near-Infrared (VNIR), Short-wave infrared (SWIR), Thermal Longwave Infrared (Thermal LWIR), and others. The Visible and Near-Infrared (VNIR) segment is estimated to hold the largest market share during the forecast period.
Based on Technology, the market is segmented into Pushbroom (Line Scanning), Snapshot (Single Shot), Whiskbroom (Point Scanning), and others. The Pushbroom segment witnessed the largest market share during the forecast period due to its simplified illumination requirements, high spectral resolution, minimized illumination exposure, and shorter capturing time as compared to other technologies.
Based on Application, the market is bifurcated into Research Institutions, Defence organizations, Commercial Enterprises, Geology and mineral exploration, Disaster management, and others. The Commercial Enterprises segment is projected to hold the largest market share in the Hyperspectral Remote Sensing market during the forecast period owing to the benefits of hyperspectral imaging systems in commercial industries.
Regionally, the North American region holds the largest revenue share in 2020 and is estimated to register significant growth during the forecast period owing to the wide adoption of advanced technologies in the US and Canada.
On the other hand, Europe accounted for a significant growth rate during the forecast period due to various applications in the end-user industry. Moreover, government agencies are fast adopting hyperspectral remote sensing technology in this region.
Some of the prominent players are Brimrose Corporation, Brandywine Photonics, BaySpec, Corning Incorporated, CI Systems, Cubert GmbH, CytoViva, Inc., ChemImage Corporation, Diaspective Vision GmbH, Spectral Imaging Ltd., Specim, Glana Sensors AB, Resonon Inc., Headwall Photonics, Inc., Norsk Elektro Optikk AS, Orbital Sidekic, Surface Optics Corp., Raytheon Company, Telops, and TruTag Technologies, Inc., among others.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Hyperspectral Remote Sensing Market by type, technology, application, and region. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):
- Brimrose Corporation
- Brandywine Photonics
- BaySpec
- Corning Incorporated
- CI Systems
- Cubert GmbH
- CytoViva, Inc.
- ChemImage Corporation
- Diaspective Vision GmbH
- Spectral Imaging Ltd.
- Specim
- Glana Sensors AB
- Resonon Inc.
- Headwall Photonics, Inc.
- Norsk Elektro Optikk AS
- Orbital Sidekic
- Surface Optics Corp
- Raytheon Company
- Telops
- TruTag Technologies, Inc.
Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Visible and Near-Infrared (VNIR)
- Short-wave infrared (SWIR)
- Thermal Longwave Infrared (Thermal LWIR)
- Others
Technology Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Pushbroom (Line Scanning)
- Snapshot (Single Shot)
- Whiskbroom (Point Scanning)
- Others
Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Research Institution
- Defense Organization
- Commercial Enterprises
- Geology and mineral exploration
- Disaster management
- Others
Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain, etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- Latin America (Brazil, Mexico, Argentina, etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)
Table Of Content
1. Hyperspectral Remote Sensing Market Overview
1.1. Product Overview and Scope of Hyperspectral Remote Sensing
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Hyperspectral Remote Sensing Market Size Growth Rate Analysis by Type: 2020 VS 2027
1.3.1. Visible and Near-Infrared (VNIR)
1.3.2. Short-wave infrared (SWIR)
1.3.3. Thermal Longwave Infrared (Thermal LWIR)
1.3.4. Others
1.4. Global Hyperspectral Remote Sensing Consumption Comparison by Technology: 2020 VS 2027
1.4.1. Pushbroom (Line Scanning)
1.4.2. Snapshot (Single Shot)
1.4.3. Whiskbroom (Point Scanning)
1.4.4. Others
1.5. Global Hyperspectral Remote Sensing Consumption Comparison by Application: 2020 VS 2027
1.5.1. Research Institution
1.5.2. Defence Organization
1.5.3. Commercial Enterprises
1.5.4. Geology and mineral exploration
1.5.5. Disaster management
1.5.6. Others
1.6. Global Hyperspectral Remote Sensing Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.6.1. North America Hyperspectral Remote Sensing Estimates
1.6.2. Europe Hyperspectral Remote Sensing Estimates
1.6.3. Asia-Pacific Hyperspectral Remote Sensing Estimates
1.6.4. Latin America Hyperspectral Remote Sensing Estimates
1.6.5. Middle East & Africa Hyperspectral Remote Sensing Estimates
2. Market Competition by Manufacturers
2.1. Global Hyperspectral Remote Sensing Revenue Market Share by Manufacturers (2020)
2.2. Hyperspectral Remote Sensing Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Hyperspectral Remote Sensing Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Hyperspectral Remote Sensing Production Sites, Area Served, Product Types
2.5. Hyperspectral Remote Sensing Market Competitive Situation and Trends
2.5.1. Hyperspectral Remote Sensing Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Hyperspectral Remote Sensing Consumption by Region (2016-2021)
3.1. Global Hyperspectral Remote Sensing Consumption by Region
3.2. Global Hyperspectral Remote Sensing Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Hyperspectral Remote Sensing Consumption Growth Rate (2016-2021)
3.2.3. North America Hyperspectral Remote Sensing Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Hyperspectral Remote Sensing Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Hyperspectral Remote Sensing Consumption Growth Rate (2016-2021)
3.2.7. Europe Hyperspectral Remote Sensing Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Hyperspectral Remote Sensing Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Hyperspectral Remote Sensing Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Hyperspectral Remote Sensing Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Hyperspectral Remote Sensing Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. Latin Korea
3.2.13. Latin America
3.2.14. Latin America Hyperspectral Remote Sensing Consumption Growth Rate (2016-2021)
3.2.15. Latin America Hyperspectral Remote Sensing Consumption, Price and Gross Margin (2016-2021)
3.2.16. Latin America Hyperspectral Remote Sensing Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Hyperspectral Remote Sensing Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Hyperspectral Remote Sensing Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Hyperspectral Remote Sensing Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. Latin Africa
4. Global Hyperspectral Remote Sensing Consumption by Type (2016-2021)
4.1. Global Hyperspectral Remote Sensing Price by Type (2016-2021)
4.2. Global Hyperspectral Remote Sensing Revenue Market Share by Type (2016-2021)
4.2.1. Visible and Near-Infrared (VNIR)
4.2.2. Short-wave infrared (SWIR)
4.2.3. Thermal Longwave Infrared (Thermal LWIR)
4.2.4. Others
5. Global Hyperspectral Remote Sensing Consumption by Technology (2016-2021)
5.1. Global Hyperspectral Remote Sensing Price by Technology (2016-2021)
5.2. Global Hyperspectral Remote Sensing Revenue Market Share by Technology (2016-2021)
5.2.1. Pushbroom (Line Scanning)
5.2.2. Snapshot (Single Shot)
5.2.3. Whiskbroom (Point Scanning)
5.2.4. Others
6. Global Hyperspectral Remote Sensing Consumption by Application (2016-2021)
6.1. Global Hyperspectral Remote Sensing Price by Application (2016-2021)
6.2. Global Hyperspectral Remote Sensing Revenue Market Share by Application (2016-2021)
6.2.1. Research Institution
6.2.2. Defence Organization
6.2.3. Commercial Enterprises
6.2.4. Geology and mineral exploration
6.2.5. Disaster management
6.2.6. Others
7. Key Companies Profiled
7.1. Brimrose Corporation
7.1.1. Brimrose Corporation Hyperspectral Remote Sensing Corporation Information
7.1.2. Brimrose Corporation Hyperspectral Remote Sensing Product Portfolio
7.1.3. Brimrose Corporation Hyperspectral Remote Sensing Consumption, Price and Gross Margin (2016-2021)
7.1.4. Brimrose Corporation Main Business and Markets Served
7.1.5. Brimrose Corporation Recent Developments/Updates
7.2. Brandywine Photonics
7.3. BaySpec
7.4. Corning Incorporated
7.5. CI Systems
7.6. Cubert GmbH
7.7. CytoViva, Inc.
7.8. ChemImage Corporation
7.9. Diaspective Vision GmbH
7.10. Spectral Imaging Ltd.
7.11. Specim
7.12. Glana Sensors AB
7.13. Resonon Inc.
7.14. Headwall Photonics, Inc.
7.15. Norsk Elektro Optikk AS
7.16. Orbital Sidekic
7.17. Surface Optics Corp
7.18. Raytheon Company
7.19. Telops
7.20. TruTag Technologies, Inc.
8. Marketing Channel, Distributors and Customers
8.1. Marketing Channel
8.2. Hyperspectral Remote Sensing Distributors List
8.3. Hyperspectral Remote Sensing Customers
9. Market Dynamics
9.1. Hyperspectral Remote Sensing Industry Trends
9.2. Hyperspectral Remote Sensing Growth Drivers
9.3. Hyperspectral Remote Sensing Market Challenges
9.4. Hyperspectral Remote Sensing Market Restraints
10. Global Hyperspectral Remote Sensing Consumption and Demand Forecast, by Region (2022-2027)
10.1. Global Forecasted Demand Analysis of Hyperspectral Remote Sensing, by Regions and Country
10.1.1. North America Forecasted Consumption of Hyperspectral Remote Sensing by Country
10.1.2. Europe Market Forecasted Consumption of Hyperspectral Remote Sensing by Country
10.1.3. Asia Pacific Market Forecasted Consumption of Hyperspectral Remote Sensing by Region
10.1.4. Latin America Forecasted Consumption of Hyperspectral Remote Sensing by Country
10.1.5. Middle East and Africa Forecasted Consumption of Hyperspectral Remote Sensing by Country
11. Global Hyperspectral Remote Sensing Consumption and Demand Forecast, by Type Segments (2022-2027)
11.1. Global Forecasted Consumption of Hyperspectral Remote Sensing by Type Segments(2022-2027)
11.2. Global Consumption and Price Forecast by Type Segments (2022-2027)
11.3. Global Forecasted Growth Rate of Hyperspectral Remote Sensing by Type Segments(2022-2027)
12. Global Hyperspectral Remote Sensing Consumption and Demand Forecast, by Technology Segments (2022-2027)
12.1. Global Forecasted Consumption of Hyperspectral Remote Sensing by Technology Segments(2022-2027)
12.2. Global Consumption and Price Forecast by Technology Segments (2022-2027)
12.3. Global Forecasted Growth Rate of Hyperspectral Remote Sensing by Technology Segments(2022-2027)
13. Global Hyperspectral Remote Sensing Consumption and Demand Forecast, by Application Segments (2022-2027)
13.1. Global Forecasted Consumption of Hyperspectral Remote Sensing by Application Segments(2022-2027)
13.2. Global Consumption and Price Forecast by Application Segments (2022-2027)
13.3. Global Forecasted Growth Rate of Hyperspectral Remote Sensing by Application Segments(2022-2027)
14. Research Finding and Conclusion
15. Methodology and Data Source
15.1. Methodology/Research Approach
15.1.1. Research Programs/Design
15.1.2. Market Size Estimation
15.1.3. Market Breakdown and Data Triangulation
15.2. Data Source
15.2.1. Secondary Sources
15.2.2. Primary Sources
15.3. Author List
15.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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