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Report
Hyperspectral Imaging: Technologies and Global Markets
Market Research Report I 2025-01-24 I 137 Pages I BCC Research
Description
Report Scope
This report analyzes trends in the global hyperspectral imaging market. It provides the global revenue ($ millions) for market segments and regions, using 2023 as the base year, and estimated market data for 2024 through 2029. The report segments the market by scanning type, type, technology, spectral range, application and region. Geographical regions are North America, Europe, Asia-Pacific and the Rest of the World, which consists of South America, and the Middle East and Africa. The report also focuses on emerging technologies and analyzes the vendor landscape. It concludes with profiles of the leading companies in the market.
Report Includes
- 59 data tables and 62 additional tables
- An overview of the global markets for hyperspectral imaging (HSI) technology
- Analyses of global market trends, with market revenue data for 2023, estimates for 2024, forecast for 2025 and 2026, and projected CAGRs through 2029
- Estimates of the market size and revenue growth prospects of the global market, along with a market share analysis by scanning type, offering, technology, spectral range, application, and region
- Facts and figures pertaining to the market dynamics, technical advances, regulations, innovations, and the impact of macroeconomic factors
- Insights derived from the Porter's five forces model, as well as global supply chain analysis, and case studies
- An analysis of patents and emerging technologies in the hyperspectral imaging space
- Analysis of the industry structure, including companies' market shares, rankings, strategic alliances, M&A activity, and a venture funding outlook
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies
- Company profiles of leading players, including Headwall Photonics Inc., Specim Spectral Imaging Ltd., Corning Inc., Resonon Inc., and Cubert GmbH
Executive Summary
Summary:
Hyperspectral imaging captures and processes data across a broad range of the electromagnetic spectrum to provide detailed spectral information for each pixel in an image. The technology helps identify and analyze materials and objects by observing their distinctive spectral signatures. It is used in applications such as defense and intelligence, agriculture and precision farming, food quality and safety, waste sorting and recycling, and control and monitoring in pharmaceutical production.
Unlike traditional RGB cameras, which use three visible light bands, hyperspectral imaging can examine how objects interact with many more spectral bands, ranging from 250 nm to 15,000 nm, including thermal infrared. This capability enables the study of light-matter interactions through a process known as spectroscopy. By using hyperspectral cameras or spectrometers, hyperspectral imaging records the spectral data of each pixel, creating a detailed representation of a scene. This allows for identifying and classifying materials based on their unique spectral signatures, providing information about their chemical and physical properties. The data is often represented in a hyperspectral cube, where two dimensions represent the spatial extent of the scene, and the third dimension contains spectral content. Technological Advances and Applications
One of the most notable technological developments is the integration of hyperspectral imaging with machine learning (ML) techniques, such as convolutional neural networks (CNNs), to improve the accuracy and speed of freshness detection in perishable food items. Research has shown that this combination can accurately assess the freshness of products such as tilapia filets and apples. Such advances in hyperspectral imaging enable the rapid and non-destructive evaluation of food quality, enabling the food industry to reduce waste, ensure safety, and enhance consumer satisfaction.
Hyperspectral imaging technologies are being miniaturized and integrated into small satellite platforms, expanding their use in environmental and agricultural applications. Companies such as Pixxel have developed micro-satellites capable of providing high-resolution imaging across numerous spectral bands, offering precise data for monitoring environmental phenomena such as methane emissions and water quality. These innovations, including quantum-dot-enabled systems, are making hyperspectral imaging more affordable and accessible.
Table of Contents
Chapter 1 Executive Summary
Market Outlook
Scope of Report
Market Summary
Technological Advances and Applications
Market Dynamics and Growth Factors
Segmental Analysis
Regional Insights and Emerging Markets
Conclusion
Chapter 2 Market Overview
Current Market Scenario and Future Expectations
Macro-Economic Factors
Inflationary Pressures and Interest Rate Impacts
Geopolitical Uncertainties
Supply Chain Disruptions Affect Sensor Manufacturing
Porter's Five Forces Analysis
Value Chain Analysis
Regulatory Landscape
Chapter 3 Market Dynamics
Overview
Market Drivers
Demand for Remote Sensing Technology
Hyperspectral Imaging in Agriculture
Hyperspectral Imaging in Healthcare and Space Exploration
Government Funding for Hyperspectral Imaging
Improved Image Quality and Processing Speed
Market Restraints
High Costs Associated with the Use of Hyperspectral Imaging
Requirement for Faster Computers and More Data Storage
Market Opportunities
Miniaturized Components for Precise Microscopic Identification
Sustainable Recycling and Environmental Monitoring
AI Integration for Food Quality Assessment
New Applications in Autonomous Vehicles and Smart Cities
Global Earth Observatories
Chapter 4 Emerging Trends and Technologies
Overview
Emerging Trends
Improved Detection of Food Freshness
Strategic Acquisitions Shaping the Industry
Enhanced Optical Performance and Specialized Applications
High-Performance Sensors, User-Friendly Cameras
Emerging Technologies
Integration of On-Chip Thin-Film Filters
Integration of Quantum-enhanced Photonic Sensors
Quantum Dot Revolution and NIR Hyperspectral Imaging
Patent Analysis
Geographical Patterns
Significant Patent Grants
Key Findings
Chapter 5 Market Segmentation Analysis
Segmentation Breakdown
Market Breakdown by Scanning Type
Key Takeaways
Spectral Scanning
Spatial Scanning
Hybrid Scanning
Market Breakdown by Offering
Key Takeaways
Hardware
Software and Services
Market Breakdown by Technology
Key Takeaways
Push Broom
Tunable Filters
Imaging FTIR
Whisk Broom
Snapshot Imaging
Market Breakdown by Spectral Range
Key Takeaways
VNIR (Visible-Near Infrared)
SWIR (Shortwave Infrared)
NIR (Near-Infrared)
Long-wave Infrared (LWIR)
Market Breakdown by Application
Key Takeaways
Defense and Intelligence
Agriculture and Precision Farming
Healthcare and Medical Diagnostics
Food Quality and Safety
Mining and Mineral Exploration
Environmental Monitoring
Scientific Research and Academia
Other Applications
Geographic Breakdown
Market Breakdown by Region
Key Takeaways
North America
Europe
Asia-Pacific
Rest of the World
Chapter 6 Competitive Intelligence
Market Ecosystem Analysis
Ranking of Leading Companies
Recent Developments
Chapter 7 Sustainability and ESG in the Hyperspectral Imaging Industry
ESG Issues in Hyperspectral Imaging Market
Environmental Issues
Social Responsibilities
Governance
ESG Performance Analysis
Environmental Performance
Social Performance
Governance Performance
Status of ESG in the Hyperspectral Imaging Industry
Concluding Remarks from BCC Research
Chapter 8 Appendix
Methodology
Abbreviations
References
Company Profiles
BAYSPEC INC.
BRIMROSE CORP.
CHNSPEC TECHNOLOGY (ZHEJIANG) CO. LTD.
CORNING INC.
CUBERT GMBH
CYTOVIVA INC.
EXOSENS
GALILEO GROUP INC.
HANSA LUFTBILD AG
HEADWALL PHOTONICS INC.
HORIBA LTD.
IMEC
LLA INSTRUMENTS
MALVERN PANALYTICAL LTD.
NORSK ELEKTRO OPTIKK
NORTHROP GRUMMAN
ORNET SDN BHD
PLANET LABS PBC
RESONON INC.
SPECIM SPECTRAL IMAGING LTD.
SPECTIR
SURFACE OPTICS CORP.
XIMEA GMBH
List of Tables
Summary Table : Global Market for Hyperspectral Imaging, by Scanning Type, Through 2029
Table 1 : Published Patents, by Inventor or Assignee, December 2023-October 2024
Table 2 : Global Market for Hyperspectral Imaging, by Scanning Type, Through 2029
Table 3 : Global Market for Spectral Scanning in Hyperspectral Imaging, by Region, Through 2029
Table 4 : Global Market for Spatial Scanning in Hyperspectral Imaging, by Region, Through 2029
Table 5 : Global Market for Hybrid Scanning in Hyperspectral Imaging, by Region, Through 2029
Table 6 : Global Market for Hyperspectral Imaging, by Offering, Through 2029
Table 7 : Global Market for Hyperspectral Imaging Hardware, by Region, Through 2029
Table 8 : Global Market for Hyperspectral Imaging Software and Services, by Region, Through 2029
Table 9 : Global Market for Hyperspectral Imaging, by Technology, Through 2029
Table 10 : Global Market for Push Broom Technology in Hyperspectral Imaging, by Region, Through 2029
Table 11 : Global Market for Tunable Filters in Hyperspectral Imaging, by Region, Through 2029
Table 12 : Global Market for Imaging FTIR in Hyperspectral Imaging, by Region, Through 2029
Table 13 : Global Market for Whisk Broom Technology in Hyperspectral Imaging, by Region, Through 2029
Table 14 : Global Market for Snapshot Imaging Technology in Hyperspectral Imaging, by Region, Through 2029
Table 15 : Global Market for Hyperspectral Imaging, by Spectral Range, Through 2029
Table 16 : Global Market for VNIR in Hyperspectral Imaging, by Region, Through 2029
Table 17 : Global Market for SWIR in Hyperspectral Imaging, by Region, Through 2029
Table 18 : Global Market for NIR in Hyperspectral Imaging, by Region, Through 2029
Table 19 : Global Market for LWIR in Hyperspectral Imaging, by Region, Through 2029
Table 20 : Global Market for Hyperspectral Imaging, by Application, Through 2029
Table 21 : Global Market for Hyperspectral Imaging in Defense and Intelligence, by Region, Through 2029
Table 22 : Global Market for Hyperspectral Imaging in Agriculture and Precision Farming Applications, by Region, Through 2029
Table 23 : Global Market for Hyperspectral Imaging in Healthcare and Medical Diagnostics, by Region, Through 2029
Table 24 : Global Market for Hyperspectral Imaging in Food Quality and Safety Applications, by Region, Through 2029
Table 25 : Global Market for Hyperspectral Imaging in Mining and Mineral Exploration, by Region, Through 2029
Table 26 : Global Market for Hyperspectral Imaging in Environmental Monitoring, by Region, Through 2029
Table 27 : Global Market for Hyperspectral Imaging in Scientific Research and Academia, by Region, Through 2029
Table 28 : Global Market for Hyperspectral Imaging in the Other Applications, by Region, Through 2029
Table 29 : Global Market for Hyperspectral Imaging, by Region, Through 2029
Table 30 : North American Market for Hyperspectral Imaging, by Country, Through 2029
Table 31 : North American Market for Hyperspectral Imaging, by Scanning Type, Through 2029
Table 32 : North American Market for Hyperspectral Imaging, by Offering, Through 2029
Table 33 : North American Market for Hyperspectral Imaging, by Technology, Through 2029
Table 34 : North American Market for Hyperspectral Imaging, by Spectral Range, Through 2029
Table 35 : North American Market for Hyperspectral Imaging, by Application, Through 2029
Table 36 : European Market for Hyperspectral Imaging, by Country, Through 2029
Table 37 : European Market for Hyperspectral Imaging, by Scanning Type, Through 2029
Table 38 : European Market for Hyperspectral Imaging, by Offering, Through 2029
Table 39 : European Market for Hyperspectral Imaging, by Technology, Through 2029
Table 40 : European Market for Hyperspectral Imaging, by Spectral Range, Through 2029
Table 41 : European Market for Hyperspectral Imaging, by Application, Through 2029
Table 42 : Asia-Pacific Market for Hyperspectral Imaging, by Country, Through 2029
Table 43 : Asia-Pacific Market for Hyperspectral Imaging, by Scanning Type, Through 2029
Table 44 : Asia-Pacific Market for Hyperspectral Imaging, by Offering, Through 2029
Table 45 : Asia-Pacific Market for Hyperspectral Imaging, by Technology, Through 2029
Table 46 : Asia-Pacific Market for Hyperspectral Imaging, by Spectral Range, Through 2029
Table 47 : Asia-Pacific Market for Hyperspectral Imaging, by Application, Through 2029
Table 48 : RoW Market for Hyperspectral Imaging, by Scanning Type, Through 2029
Table 49 : RoW Market for Hyperspectral Imaging, by Offering, Through 2029
Table 50 : RoW Market for Hyperspectral Imaging, by Technology, Through 2029
Table 51 : RoW Market for Hyperspectral Imaging, by Spectral Range, Through 2029
Table 52 : RoW Market for Hyperspectral Imaging, by Application, Through 2029
Table 53 : Leading Hyperspectral Imaging Companies, 2023
Table 54 : Recent Developments in Global Hyperspectral Imaging Market, 2022-2024
Table 55 : ESG Performance Analysis: Environmental Impact
Table 56 : ESG Performance Analysis: Social Impact
Table 57 : ESG Performance Analysis: Governance Impact
Table 58 : ESG Risk Ratings Metric for Hyperspectral Imaging Companies, 2023
Table 59 : Abbreviations Used in the Report
Table 60 : BaySpec Inc.: Company Snapshot
Table 61 : BaySpec Inc.: Product Portfolio
Table 62 : Brimrose Corp.: Company Snapshot
Table 63 : Brimrose Corp.: Product Portfolio
Table 64 : CHNSpec Technology (Zhejiang) Co. Ltd.: Company Snapshot
Table 65 : CHNSpec Technology (Zhejiang) Co. Ltd.: Product Portfolio
Table 66 : Corning Inc.: Company Snapshot
Table 67 : Corning Inc.: Financial Performance, FY 2022 and 2023
Table 68 : Corning Inc.: Product Portfolio
Table 69 : Corning Inc.: News/Key Developments, 2023
Table 70 : Cubert GmbH: Company Snapshot
Table 71 : Cubert GmbH: Product Portfolio
Table 72 : CytoViva Inc.: Company Snapshot
Table 73 : CytoViva Inc.: Product Portfolio
Table 74 : Exosens: Company Snapshot
Table 75 : Exosens: Financial Performance, FY 2022 and 2023
Table 76 : Exosens: Product Portfolio
Table 77 : Exosens: News/Key Developments, 2023 and 2024
Table 78 : Galileo Group Inc.: Company Snapshot
Table 79 : Galileo Group Inc.: Product Portfolio
Table 80 : Hansa Luftbild AG: Company Snapshot
Table 81 : Hansa Luftbild AG: Product Portfolio
Table 82 : Headwall Photonics Inc.: Company Snapshot
Table 83 : Headwall Photonics Inc.: Product Portfolio
Table 84 : Headwall Photonics Inc.: News/Key Developments, 2024
Table 85 : HORIBA Ltd.: Company Snapshot
Table 86 : HORIBA Ltd.: Financial Performance, FY 2022 and 2023
Table 87 : HORIBA Ltd.: Product Portfolio
Table 88 : imec: Company Snapshot
Table 89 : imec: Financial Performance, FY 2022 and 2023
Table 90 : imec: Product Portfolio
Table 91 : imec: News/Key Developments, 2024
Table 92 : LLA Instruments: Company Snapshot
Table 93 : LLA Instruments: Product Portfolio
Table 94 : Malvern Panalytical Ltd.: Company Snapshot
Table 95 : Malvern Panalytical Ltd.: Financial Performance, FY 2022 and 2023
Table 96 : Malvern Panalytical Ltd.: Product Portfolio
Table 97 : Norsk Elektro Optikk: Company Snapshot
Table 98 : Norsk Elektro Optikk: Product Portfolio
Table 99 : Northrop Grumman: Company Snapshot
Table 100 : Northrop Grumman: Financial Performance, FY 2022 and 2023
Table 101 : Northrop Grumman: Product Portfolio
Table 102 : Ornet Sdn Bhd: Company Snapshot
Table 103 : Ornet Sdn Bhd: Product Portfolio
Table 104 : Planet Labs PBC: Company Snapshot
Table 105 : Planet Labs PBC: Financial Performance, FY 2022 and 2023
Table 106 : Planet Labs PBC: Product Portfolio
Table 107 : Planet Labs PBC: News/Key Developments, 2024
Table 108 : Resonon Inc.: Company Snapshot
Table 109 : Resonon Inc.: Product Portfolio
Table 110 : Specim Spectral Imaging Ltd.: Company Snapshot
Table 111 : Specim Spectral Imaging Ltd.: Product Portfolio
Table 112 : Specim Spectral Imaging Ltd.: News/Key Developments, 2024
Table 113 : SpecTIR: Company Snapshot
Table 114 : SpecTIR: Product Portfolio
Table 115 : SpecTIR: News/Key Developments, 2023
Table 116 : Surface Optics Corp.: Company Snapshot
Table 117 : Surface Optics Corp.: Product Portfolio
Table 118 : XIMEA GmbH: Company Snapshot
Table 119 : XIMEA GmbH: Product Portfolio
Table 120 : XIMEA GmbH: News/Key Developments, 2022
List of Figures
Summary Figure : Global Market Shares of Hyperspectral Imaging, by Scanning Type, 2023
Figure 1 : Value Chain for the Hyperspectral Imaging Industry
Figure 2 : Market Dynamics: Hyperspectral Imaging
Figure 3 : Share of Published Patents and Patent Applications for Hyperspectral Imaging, by Assignee Country, 2023-2024
Figure 4 : Global Market Shares of Hyperspectral Imaging, by Scanning Type, 2023
Figure 5 : Global Market Shares of Hyperspectral Imaging, by Offering, 2023
Figure 6 : Global Market Shares of Hyperspectral Imaging, by Technology, 2023
Figure 7 : Global Market Shares of Hyperspectral Imaging, by Spectral Range, 2023
Figure 8 : Global Market Shares of Hyperspectral Imaging, by Application, 2023
Figure 9 : Global Market Shares of Hyperspectral Imaging, by Region, 2023
Figure 10 : Global Hyperspectral Imaging Ecosystem
Figure 11 : Corning Inc.: Revenue Share, by Business Unit, FY 2023
Figure 12 : Corning Inc.: Revenue Share, by Country/Region, FY 2023
Figure 13 : Exosens: Revenue Share, by Country/Region, FY 2023
Figure 14 : HORIBA Ltd.: Revenue Share, by Business Unit, FY 2023
Figure 15 : HORIBA Ltd.: Revenue Share, by Country/Region, FY 2023
Figure 16 : Malvern Panalytical Ltd.: Revenue Share, by Country/Region, FY 2023
Figure 17 : Northrop Grumman: Revenue Share, by Business Unit, FY 2023
Figure 18 : Northrop Grumman: Revenue Share, by Country/Region, FY 2023
Figure 19 : Planet Labs PBC: Revenue Share, by Country/Region, FY 2023
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