The North America hyperspectral imaging market is projected to evolve at a CAGR of 13.03% during the forecast period, 2021-2028. The growing surveillance and increasing deployments by the military to track and monitor activities are the major factors propelling the market growth. The United States and Canada are analyzed for the assessment of the North America hyperspectral imaging market growth. The US spends the highest on its military.

NORTH AMERICA HYPERSPECTRAL IMAGING MARKET FORECAST 2021-2028

North America Hyperspectral Imaging Market by Application (Military Surveillance, Healthcare, Mineralogy, Research, Food Processing, Agriculture, Other Applications) by Technology (Spectral Scanning, Spatial Scanning) by System (Airborne Cameras, Outdoor Cameras, Benchtop Cameras, Software) and by Geography.

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Report Summary

The North America hyperspectral imaging market is projected to evolve at a CAGR of 13.03% during the forecast period, 2021-2028. The growing surveillance and increasing deployments by the military to track and monitor activities are the major factors propelling the market growth.
north-america-hyperspectral-imaging-market

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The United States and Canada are analyzed for the assessment of the North America hyperspectral imaging market growth. The US spends the highest on its military. The rising military expenditure enables the funding of new or advanced technology development. For instance, the increasing expenditure is set to fund the next-generation fighter jets for the US Air Force, with capabilities of surface and radiation detection from higher heights. The Department of Defense (DoD) allots 40% of its military budget for procuring military electronics and technologies like integrated circuits, communications, electronic warfare (EW), etc. The country also invests heavily in aerospace, which further influences the market growth. The US is investing considerably to advance NASA’s space exploration projects. With this, the county is set to embolden its position the world as the leader in space exploration and scientific discovery during the forecast period. It will further aid in enhancing the space capabilities and ability to access through space. Such factors are projected to drive overall market growth.

Corning Inc is one of the frontrunners in materials science, with expertise in ceramics, optical physics, and glass science. The operating segments of the company include optical communications, display technologies, specialty materials, life sciences, and environmental technologies. The specialty materials segment entails the company’s hyperspectral imaging capabilities. The geographical presence of the company extends to the Asia Pacific, Europe, and North America.

 

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    Table of Contents

    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      •    KEY DRIVERS
        • SURGING R&D IN VARIOUS SECTORS
        • ADVANCEMENTS IN TECHNOLOGY
        • INCREASING USAGE OF HYPERSPECTRAL IMAGING (HSI) IN VARIOUS APPLICATIONS
        • GROWING DEMAND FOR DATA ACCURACY AND CONSISTENCY IN HSI APPLICATIONS
      •    KEY RESTRAINTS
        • HIGH COST OF HYPERSPECTRAL IMAGING APPLICATIONS
        • COMPLEXITY ISSUES LINKED TO THE HYPERSPECTRAL IMAGING SYSTEMS
    1. KEY ANALYTICS
      •    PORTER’S FIVE FORCE ANALYSIS
        • THREAT OF NEW ENTRY
        • THREAT OF SUBSTITUTION
        • BUYER’S POWER
        • SUPPLIER’S POWER
        • COMPETITIVE RIVALRY
      • IMPACT OF COVID-19 ON HYPERSPECTRAL IMAGING MARKET
      • VALUE CHAIN ANALYSIS
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • KEY INVESTMENT INSIGHTS
    2. MARKET BY APPLICATION
      • MILITARY SURVEILLANCE
      • HEALTHCARE
      • MINERALOGY
      • RESEARCH
      • FOOD PROCESSING
      • AGRICULTURE
      • OTHER APPLICATIONS
    3. MARKET BY TECHNOLOGY
      • SPECTRAL SCANNING
      • SPATIAL SCANNING
    4. MARKET BY SYSTEM
      • AIRBORNE CAMERAS
      • OUTDOOR CAMERAS
      • BENCHTOP CAMERAS
      • SOFTWARE
    5. GEOGRAPHICAL ANALYSIS
      •    NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        •    COUNTRY ANALYSIS
          • THE UNITED STATES
          • CANADA
    1. COMPETITIVE LANDSCAPE
      •    KEY STRATEGIC DEVELOPMENTS
        • PRODUCT LAUNCH & DEVELOPMENTS
        • PARTNERSHIP, CONTRACT/AGREEMENT & COLLABORATION
        • BUSINESS EXPANSION/ APPROVAL/ ANNOUNCEMENT
      •    COMPANY PROFILE
        • APPLIED SPECTRAL IMAGING INC
        • BAYSPEC INC
        • CHEMIMAGE CORPORATION
        • CORNING INC
        • CUBERT GMBH
        • HEADWALL PHOTONICS INC
        • HINALEA IMAGING (TRUTAG TECHNOLOGIES)
        • HYPERMED IMAGING INC
        • NORSK ELEKTRO OPTIKK AS
        • RAYTHEON COMPANY
        • RESONON INC
        • SPECIM SPECTRAL IMAGING LTD
        • SURFACE OPTICS CORPORATION
        • XIMEA

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – HYPERSPECTRAL IMAGING

    TABLE 2: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 3: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 4: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 5: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY TECHNOLOGY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 6: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY SYSTEM, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 7: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY SYSTEM, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 8: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 9: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 10: LEADING PLAYERS OPERATING IN NORTH AMERICA HYPERSPECTRAL IMAGING MARKET

    LIST OF FIGURES

    FIGURE 1: PORTER’S FIVE FORCE ANALYSIS

    FIGURE 2: OPPORTUNITY MATRIX

    FIGURE 3: VENDOR LANDSCAPE

    FIGURE 4: KEY INVESTMENT INSIGHTS

    FIGURE 5: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY APPLICATION, IN 2020

    FIGURE 6: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY MILITARY SURVEILLANCE, 2021-2028 (IN $ MILLION)

    FIGURE 7: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY HEALTHCARE, 2021-2028 (IN $ MILLION)

    FIGURE 8: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY MINERALOGY, 2021-2028 (IN $ MILLION)

    FIGURE 9: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY RESEARCH, 2021-2028 (IN $ MILLION)

    FIGURE 10: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY FOOD PROCESSING, 2021-2028 (IN $ MILLION)

    FIGURE 11: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY AGRICULTURE, 2021-2028 (IN $ MILLION)

    FIGURE 12: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)

    FIGURE 13: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY TECHNOLOGY, IN 2020

    FIGURE 14: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY SPECTRAL SCANNING, 2021-2028 (IN $ MILLION)

    FIGURE 15: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY SPATIAL SCANNING, 2021-2028 (IN $ MILLION)

    FIGURE 16: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY SYSTEM, IN 2020

    FIGURE 17: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY AIRBORNE CAMERAS, 2021-2028 (IN $ MILLION)

    FIGURE 18: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY OUTDOOR CAMERAS, 2021-2028 (IN $ MILLION)

    FIGURE 19: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY BENCHTOP CAMERAS, 2021-2028 (IN $ MILLION)

    FIGURE 20: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, BY SOFTWARE, 2021-2028 (IN $ MILLION)

    FIGURE 21: NORTH AMERICA HYPERSPECTRAL IMAGING MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 22: THE UNITED STATES HYPERSPECTRAL IMAGING MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 23: CANADA HYPERSPECTRAL IMAGING MARKET, 2021-2028 (IN $ MILLION)

    Segmentation

    1. GEOGRAPHICAL ANALYSIS
      •    NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        •    COUNTRY ANALYSIS
          • THE UNITED STATES
          • CANADA
    1. MARKET BY APPLICATION
      • MILITARY SURVEILLANCE
      • HEALTHCARE
      • MINERALOGY
      • RESEARCH
      • FOOD PROCESSING
      • AGRICULTURE
      • OTHER APPLICATIONS
    2. MARKET BY TECHNOLOGY
      • SPECTRAL SCANNING
      • SPATIAL SCANNING
    3. MARKET BY SYSTEM
      • AIRBORNE CAMERAS
      • OUTDOOR CAMERAS
      • BENCHTOP CAMERAS
      • SOFTWARE

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