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Global Hyperspectral Remote Sensing Market Report By Type (VNIR, SWIR, And Thermal LWIR), Application (Commercial Enterprises, Defense Organization, And Research Institution) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028
ID:VMR11210154
April 2022
Report Formats: Electronic (PDF), MS EXCEL
As per this study the Global Hyperspectral Remote Sensing Market was valued USD 305.5 MN (by revenue) in 2021 and is anticipated to reach USD 426.38 MN by 2028 with a CAGR of 7.9%.
Hyperspectral remote sensing system is also termed as imaging spectroscopy which processes the information across the electromagnetic spectrum. Technically, it is an advanced technology which offers high spatial or spectral resolution information that provides physical and geometrical features of material such as shape, size, appearance, and color, and also the chemical composition of the material through spectral analysis. It has a wide range of application across various industries such as military, agriculture, mining, food, life science, medical diagnostic, etc. It is also useful for detecting and investigating the minerals, earthly vegetation as well as manmade materials.
Market Dynamics
The hyperspectral imaging sensors are gaining traction in numerous commercial markets, owing to their excellent imaging performance they have a strong presence in defense applications where they are being used for detection of damages in equipment and inspection of defense operations. Also, a growing number of various terrorist attacks around the globe coupled with the rising need to protect the economies from various emerging threat is again fueling the product demand. Owing to the growing application across various end-user industry such as environmental testing, mining & mineralogy, agriculture, colorimetry, food industry, life science & medical diagnostics, military surveillance, meteorology and machine control & process vision. On the other hand, the high cost associated with the setup followed by a lack of awareness about the product among user is likely to limit the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of hyperspectral remote sensing.
Market Segmentation
The broad hyperspectral remote sensing market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
By Application
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for hyperspectral remote sensing in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Hyperspectral Remote Sensing Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the hyperspectral remote sensing market include BaySpec, Brimrose Corporation, CI Systems, Corning Incorporated, Cubert GmbH, Headwall, ITRES, Norsk Elektro Optikk, Resonon, RIKOLA, SPECIM, Surface Optics Corp, Telops, and XIMEA. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
Hyperspectral remote sensing system is also termed as imaging spectroscopy which processes the information across the electromagnetic spectrum. Technically, it is an advanced technology which offers high spatial or spectral resolution information that provides physical and geometrical features of material such as shape, size, appearance, and color, and also the chemical composition of the material through spectral analysis. It has a wide range of application across various industries such as military, agriculture, mining, food, life science, medical diagnostic, etc. It is also useful for detecting and investigating the minerals, earthly vegetation as well as manmade materials.
Market Dynamics
The hyperspectral imaging sensors are gaining traction in numerous commercial markets, owing to their excellent imaging performance they have a strong presence in defense applications where they are being used for detection of damages in equipment and inspection of defense operations. Also, a growing number of various terrorist attacks around the globe coupled with the rising need to protect the economies from various emerging threat is again fueling the product demand. Owing to the growing application across various end-user industry such as environmental testing, mining & mineralogy, agriculture, colorimetry, food industry, life science & medical diagnostics, military surveillance, meteorology and machine control & process vision. On the other hand, the high cost associated with the setup followed by a lack of awareness about the product among user is likely to limit the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of hyperspectral remote sensing.
Market Segmentation
The broad hyperspectral remote sensing market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
- VNIR
- SWIR
- Thermal LWIR
By Application
- Commercial Enterprises
- Defense Organization
- Research Institution
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for hyperspectral remote sensing in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Hyperspectral Remote Sensing Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the hyperspectral remote sensing market include BaySpec, Brimrose Corporation, CI Systems, Corning Incorporated, Cubert GmbH, Headwall, ITRES, Norsk Elektro Optikk, Resonon, RIKOLA, SPECIM, Surface Optics Corp, Telops, and XIMEA. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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Frequently Asked Questions (FAQs) about this Report
b. In 2021, the global market size for hyperspectral remote sensing was worth USD 305.5 Million.
b. Between 2023 and 2028, the worldwide hyperspectral remote sensing market growth is projected to be nearly 7.9%.
b. North America accounts for the largest market share of the global hyperspectral remote sensing market.
b. The global hyperspectral remote sensing market is segmented by Type (VNIR, SWIR, And Thermal LWIR), Application (Commercial Enterprises, Defense Organization, And Research Institution).
b. The leading players in the global hyperspectral remote sensing market are BaySpec, Brimrose Corporation, CI Systems, Corning Incorporated, Cubert GmbH, Headwall, ITRES, Norsk Elektro Optikk, Resonon, RIKOLA, SPECIM, Surface Optics Corp, Telops, and XIMEA.
1 . PREFACE
1.1. Report Description
1.1.1. Objective
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . HYPERSPECTRAL REMOTE SENSING – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Type
3.7.2 Market Attractiveness Analysis By Application
3.7.3 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
5.1. Impact Analysis of Covid-19 Outbreak
5.1.1. Direct Impact on Production
5.1.2. Supply Chain and Market Disruption
5.1.3. Financial Impact on Firms and Financial Markets
5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
5.3. Market: Pre V/S Post COVID-19
5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
5.5. COVID-19: Micro and Macro Factor Analysis
6 . GLOBAL HYPERSPECTRAL REMOTE SENSING MARKET ANALYSIS BY TYPE
6.1 Overview by Type
6.2 Historical and Forecast Data
6.3 Analysis by Type
6.4 VNIR Historic and Forecast Sales by Regions
6.6 SWIR Historic and Forecast Sales by Regions
6.5 Thermal LWIR Historic and Forecast Sales by Regions
7 . GLOBAL HYPERSPECTRAL REMOTE SENSING MARKET ANALYSIS BY APPLICATION
7.1 Overview by Application
7.2 Historical and Forecast Data
7.3 Analysis by Application
7.4 Commercial Enterprises Historic and Forecast Sales by Regions
7.5 Defense Organization Historic and Forecast Sales by Regions
7.6 Research Institution Historic and Forecast Sales by Regions
8 . GLOBAL HYPERSPECTRAL REMOTE SENSING MARKET ANALYSIS BY GEOGRAPHY
8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
8.3.1. Overview, Historic and Forecast Sales Analysis
8.3.2. North America By Segment Sales Analysis
8.3.3. North America By Country Sales Analysis
8.3.4. United State Sales Analysis
8.3.5. Canada Sales Analysis
8.3.6. Mexico Sales Analysis
8.4. Europe Sales Analysis
8.4.1. Overview, Historic and Forecast Sales Analysis
8.4.2. Europe by Segment Sales Analysis
8.4.3. Europe by Country Sales Analysis
8.4.4. United Kingdom Sales Analysis
8.4.5. France Sales Analysis
8.4.6. Germany Sales Analysis
8.4.7. Italy Sales Analysis
8.4.8. Russia Sales Analysis
8.4.9. Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
8.5.1. Overview, Historic and Forecast Sales Analysis
8.5.2. Asia Pacific by Segment Sales Analysis
8.5.3. Asia Pacific by Country Sales Analysis
8.5.4. China Sales Analysis
8.5.5. India Sales Analysis
8.5.6. Japan Sales Analysis
8.5.7. South Korea Sales Analysis
8.5.8. Australia Sales Analysis
8.5.9. Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
8.6.1. Overview, Historic and Forecast Sales Analysis
8.6.2. Latin America by Segment Sales Analysis
8.6.3. Latin America by Country Sales Analysis
8.6.4. Brazil Sales Analysis
8.6.5. Argentina Sales Analysis
8.6.6. Peru Sales Analysis
8.6.7. Chile Sales Analysis
8.6.8. Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
8.7.1. Overview, Historic and Forecast Sales Analysis
8.7.2. Middle East & Africa by Segment Sales Analysis
8.7.3. Middle East & Africa by Country Sales Analysis
8.7.4. Saudi Arabia Sales Analysis
8.7.5. UAE Sales Analysis
8.7.6. Israel Sales Analysis
8.7.7. South Africa Sales Analysis
8.7.8. Rest Of Middle East And Africa Sales Analysis
9 . COMPETITIVE LANDSCAPE OF THE HYPERSPECTRAL REMOTE SENSING COMPANIES
9.1. Hyperspectral Remote Sensing Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments
10 . COMPANY PROFILES OF HYPERSPECTRAL REMOTE SENSING INDUSTRY
10.1. Top Companies Market Share Analysis
10.2. Market Concentration Rate
10.3. BaySpec
10.3.1. Company Overview
10.3.2. Company Revenue
10.3.3. Products
10.3.4. Recent Developments
10.4. Brimrose Corporation
10.4.1. Company Overview
10.4.2. Company Revenue
10.4.3. Products
10.4.4. Recent Developments
10.5. CI Systems
10.5.1. Company Overview
10.5.2. Company Revenue
10.5.3. Products
10.5.4. Recent Developments
10.6. Corning Incorporated
10.6.1. Company Overview
10.6.2. Company Revenue
10.6.3. Products
10.6.4. Recent Developments
10.7. Cubert GmbH
10.7.1. Company Overview
10.7.2. Company Revenue
10.7.3. Products
10.7.4. Recent Developments
10.8. Headwall
10.8.1. Company Overview
10.8.2. Company Revenue
10.8.3. Products
10.8.4. Recent Developments
10.9. ITRES
10.9.1. Company Overview
10.9.2. Company Revenue
10.9.3. Products
10.9.4. Recent Developments
10.10. Norsk Elektro Optikk
10.10.1. Company Overview
10.10.2. Company Revenue
10.10.3. Products
10.10.4. Recent Developments
10.11. Resonon
10.11.1. Company Overview
10.11.2. Company Revenue
10.11.3. Products
10.11.4. Recent Developments
10.12. RIKOLA
10.12.1. Company Overview
10.12.2. Company Revenue
10.12.3. Products
10.12.4. Recent Developments
10.13. SPECIM
10.13.1. Company Overview
10.13.2. Company Revenue
10.13.3. Products
10.13.4. Recent Developments
10.14. Surface Optics Corp
10.14.1. Company Overview
10.14.2. Company Revenue
10.14.3. Products
10.14.4. Recent Developments
10.15. Telops
10.15.1. Company Overview
10.15.2. Company Revenue
10.15.3. Products
10.15.4. Recent Developments
10.16. XIMEA
10.16.1. Company Overview
10.16.2. Company Revenue
10.16.3. Products
10.16.4. Recent Developments
*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
LIST OF TABLES
- Market Snapshot
- Drivers : Impact Analysis
- Restraints : Impact Analysis
- List of Raw Material
- List of Raw Material Manufactures
- List of Potential Buyers
- COVID-19 Impact Analysis by Production, Import, Export and Demand
- Pre V/S Post COVID-19
- Estimated Impact Of The Coronavirus (Covid-19) Epidemic
- COVID-19: Micro and Macro Factor Analysis
- Analysis by Type (USD MN)
- VNIR Market Sales by Geography (USD MN)
- SWIR Market Sales by Geography (USD MN)
- Thermal LWIR Market Sales by Geography (USD MN)
- Analysis Market by Application (USD MN)
- Commercial Enterprises Market Sales by Geography (USD MN)
- Defense Organization Market Sales by Geography (USD MN)
- Research Institution Market Sales by Geography (USD MN)
- Global Hyperspectral Remote Sensing Market Sales by Geography (USD MN)
- North America Market Analysis (USD MN)
- United State Market Analysis (USD MN)
- Canada Market Analysis (USD MN)
- Mexico Market Analysis (USD MN)
- Europe Market Analysis (USD MN)
- Europe Market Estimate by Country (USD MN)
- United Kingdom Market Analysis (USD MN)
- France Market Analysis (USD MN)
- Germany Market Analysis (USD MN)
- Italy Market Analysis (USD MN)
- Russia Market Analysis (USD MN)
- Spain Market Analysis (USD MN)
- Rest of Europe Market Analysis (USD MN)
- Asia Pacific Market Analysis (USD MN)
- China Market Analysis (USD MN)
- Japan Market Analysis (USD MN)
- India Market Analysis (USD MN)
- South Korea Market Analysis (USD MN)
- Australia Market Analysis (USD MN)
- Rest of Asia Pacific Market Analysis (USD MN)
- Latin America Market Analysis (USD MN)
- Brazil Market Analysis (USD MN)
- Argentina Market Analysis (USD MN)
- Peru Market Analysis (USD MN)
- Chile Market Analysis (USD MN)
- Rest of Latin America Market Analysis (USD MN)
- Middle East & Africa Market Analysis (USD MN)
- Saudi Arabia Market Analysis (USD MN)
- UAE Market Analysis (USD MN)
- Israel Market Analysis (USD MN)
- South Africa Market Analysis (USD MN)
- Rest of Middle East and Africa Market Analysis (USD MN)
- Partnership/Collaboration/Agreement
- Mergers And Acquisition
LIST OF FIGURES
- Research Scope of Hyperspectral Remote Sensing Report
- Market Research Process
- Market Research Methodology
- Global Hyperspectral Remote Sensing Market Size, by Region (USD MN)
- Porters Five Forces Analysis
- Market Attractiveness Analysis by Type
- Market Attractiveness Analysis by Application
- Market Attractiveness Analysis by Region
- Value Chain Analysis
- Global Market Analysis by Type (USD MN)
- VNIR Market Sales by Geography (USD MN)
- SWIR Market Sales by Geography (USD MN)
- Thermal LWIR Market Sales by Geography (USD MN)
- Global Market Analysis by Application (USD MN)
- Commercial Enterprises Market Sales by Geography (USD MN)
- Defense Organization Market Sales by Geography (USD MN)
- Research Institution Market Sales by Geography (USD MN)
- Global Market by Revenue
- North America Market by Revenue
- Europe Market by Revenue
- Asia Pacific Market by Revenue
- Latin America Market by Revenue
- Middle East & Africa Market by Revenue
- Recent Development in Industry
- Top Companies Market Share Analysis
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.
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Objectives of Study
- Define and measure the global market
- Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments