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Hyperspectral Remote Sensing Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 360 | Report ID: MRS1050


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.)

Frequently Asked Questions

The global Hyperspectral Remote Sensing market size is estimated at USD 190.8 million in 2020, expanding at a CAGR 3.9% from 2021-2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global industry is growing at a promising growth rate over the study period.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The worldwide market is characterized by the presence of large number of small scale and medium scale players.

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