Search
Menu
Rocky Mountain Instruments - Custom Assemblies LB

Hyperspectral Imaging Poised for Growth

Facebook X LinkedIn Email
The global hyperspectral imaging market is projected to reach $90 million by 2021 with a compound annual growth rate of 9.8 percent, according to a report by Mordor Intelligence.

Hyperspectral imaging is a part of many medical procedures such as gastrointestinal tract, mucosal membrane, ophthalmology, vascular systems and surface tissue applications. The market has been segmented into agriculture, surveillance, life sciences, environmental testing, food industry, mining and mineralogy, machine control, physics and astronomy and others.

Use in military surveillance contributed to the largest market share of nearly 21 percent in 2015. Mining, mineralogy and meteorological applications have contributed greatly toward a high market share. Health-care applications, especially in diagnostics, are increasing rapidly, and the hyperspectral imaging market for life sciences is expected to grow at the highest compound annual growth rate. Untapped markets in emerging economies, elucidation of newer application areas of hyperspectral imaging and increasing adoption in the health-care industry are expected to bring other market opportunities.
DataRay Inc. - ISO 11146-Compliant

Published: September 2016
Glossary
astronomy
The scientific observation of celestial radiation that has reached the vicinity of Earth, and the interpretation of these observations to determine the characteristics of the extraterrestrial bodies and phenomena that have emitted the radiation.
hyperspectral imaging
Hyperspectral imaging is an advanced imaging technique that captures and processes information from across the electromagnetic spectrum. Unlike traditional imaging systems that record only a few spectral bands (such as red, green, and blue in visible light), hyperspectral imaging collects data in numerous contiguous bands, covering a wide range of wavelengths. This extended spectral coverage enables detailed analysis and characterization of materials based on their spectral signatures. Key...
astronomyBusinesshyperspectral imagingMordor IntelligenceIndustry Newsmarket growthAsia-PacificImaginglight speed

We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.