“The global hyperspectral imaging technologies market is estimated to grow at a CAGR of 12.0% during the forecast period of 2014 to 2019. Although the mature markets (such as the U.S., Germany, and the U.K.) hold larger shares in the hyperspectral imaging technologies market, the Asian region is expected to grow at the fastest CAGR of 13.0% during the given forecast period. The growth of the hyperspectral imaging technologies market is driven by factors such as increasing adoption of HSI technologies in defense, life science & diagnostics, and agricultural industries. However, factors such as the need for high investments, high installation costs, and reimbursement issues may hinder the growth of this market in the coming years. Moreover, emerging economies such as India and China are creating growth opportunities for the hyperspectral imaging technologies market in these regions.
In this report, the global hyperspectral imaging technologies market has been broadly classified on the basis of applications. The applications segment includes agriculture, colorimetry, environmental monitoring, food industry, life science & medical diagnostics, military surveillance, mining & mineralogy, meteorology, and machine control & process vision. The life science & medical diagnostics segment is estimated to grow at the fastest CAGR from 2014 to 2019. Factors such as increasing adoption of HSI technologies in ophthalmology, surface tissue, and mucosal membrane analysis, gastrointestinal tract, and vascular systems are driving the growth of this market.
Geographically, North America (comprising the U.S. and Canada) commanded the largest share of 50.6% of the global hyperspectral imaging technologies market in 2014, followed by Europe. The hyperspectral imaging technologies market in the North America is primarily driven by increasing research activities using HSI technologies, growing adoption of hyperspectral imaging in military surveillance, environmental, mining, machine vision, and life sciences & diagnostics. Factors such as rising pharmaceutical industry in China and India, along with an increasing usage of hyperspectral imaging technology in environmental testing and mining explorations research activities, are driving the growth of the hyperspectral imaging market in the Asian region.
The global hyperspectral imaging technologies market is a competitive market with a number of market players. As of 2014, the global hyperspectral imaging technologies market is dominated by Applied Spectral Imaging Ltd. (U.S.), Brandywine Photonics LLC (U.S.), ChemImage Corp. (U.S.), Cubert-GmbH (Germany), CytoViva, Inc. (U.S.), VK DI Kerschhaggl GmbH (Germany), FluxData,Inc. (U.S.), GeoMetWatch Corp. (U.S.), Galileo Group, Inc.(U.S.), Gilden Photonics Ltd. (U.K.), Gooch & Housego (U.K.), Headwall Photonics Inc. (U.S.), HyVista Corporation Pty Ltd (Australia), IMEC (Belgium), Innospec GmbH (Germany), ITRES (Canada), LemnaTec GmbH (Germany), and Merrick & Company (U.S.), among others. New product launches, partnerships, agreements, collaborations, and joint ventures are the major strategies adopted by most market players to achieve growth in the hyperspectral imaging technologies market.
Reasons to Buy the Report:
From an insight perspective, this research report has focused on various levels of analysis—industry analysis (industry trends and PEST analysis), market share analysis of top players, supply chain analysis, and company profiles, which together provide the basic views on the competitive landscape; emerging and high-growth segments of the hyperspectral imaging technologies market; high-growth regions/countries and their respective regulatory policies; government initiatives; and market drivers, restraints, and opportunities.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater share in the global market. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on HSI technologies offered by the top players in the global HSI market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the hyperspectral imaging technologies market
• Market Development: Comprehensive information about lucrative emerging markets, across geographies
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the hyperspectral imaging technologies market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the hyperspectral imaging technologies market
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“TABLE OF CONTENTS
1 INTRODUCTION 9
1.1 OBJECTIVES OF THE STUDY 9
1.2 MARKET SEGMENTATION & COVERAGE 10
1.3 STAKEHOLDERS 10
2 RESEARCH METHODOLOGY 11
2.1 INTEGRATED ECOSYSTEM OF HYPERSPECTRAL IMAGING MARKET 11
2.2 ARRIVING AT THE HYPERSPECTRAL IMAGING MARKET SIZE 12
2.2.1 TOP-DOWN APPROACH 12
2.2.2 BOTTOM-UP APPROACH 13
2.2.3 MACRO INDICATOR-BASED APPROACH 14
2.3 ASSUMPTIONS 14
3 EXECUTIVE SUMMARY 15
4 MARKET OVERVIEW 17
4.1 INTRODUCTION 17
4.2 HYPERSPECTRAL IMAGING MARKET: COMPARISON WITH OPTICAL IMAGING MARKET (PARENT MARKET) 18
4.3 MARKET DRIVERS AND INHIBITORS 18
5 GLOBAL HYPERSPECTRAL IMAGING MARKET, BY APPLICATION 21
5.1 INTRODUCTION 22
5.1.1 AGRICULTURE 23
5.1.2 COLORIMETRY 26
5.1.3 ENVIRONMENTAL TESTING 27
5.1.4 FOOD INDUSTRY 29
5.1.5 LIFE SCIENCE & MEDICAL DIAGNOSTICS 31
5.1.6 MILITARY SURV EILLANCE (DEFENCE) 34
5.1.7 MINING & MINERALOGY 36
5.1.8 METEOROLOGY 38
5.1.9 MACHINE CONTROL & PROCESS VISION 39
6 GLOBAL HYPERSPECTRAL IMAGING MARKET, BY GEOGRAPHY 41
6.1 INTRODUCTION 42
6.2 NORTH AMERICAN HYPERSPECTRAL IMAGING MARKET 43
6.2.1 U.S. HYPERSPECTRAL IMAGING MARKET, BY APPLICATION 45
6.2.2 CANADA HYPERSPECTRAL IMAGING MARKET, BY APPLICATION 47
6.2.3 MEXICO HYPERSPECTRAL IMAGING MARKET, BY APPLICATION 48
6.3 EUROPE HYPERSPECTRAL IMAGING MARKET 49
6.3.1 EUROPE HYPERSPECTRAL IMAGING MARKET, BY APPLICATION 50
6.3.2 GERMANY HYPERSPECTRAL IMAGING MARKET, BY APPLICATION 52
6.3.3 FRANCE HYPERSPECTRAL IMAGING MARKET, BY APPLICATION 53
6.3.4 ITALY HYPERSPECTRAL IMAGING MARKET, BY APPLICATION 55
6.3.5 SPAIN HYPERSPECTRAL IMAGING MARKET, BY APPLICATION 56
6.3.6 U.K. HYPERSPECTRAL IMAGING MARKET, BY APPLICATION 58
6.3.7 REST OF EUROPE (ROE) HYPERSPECTRAL IMAGING MARKET, BY APPLICATION 59
6.4 ASIA HYPERSPECTRAL IMAGING MARKET 60
6.4.1 ASIA HYPERSPECTRAL IMAGING MARKET, BY APPLICATION 61
6.4.2 JAPAN HYPERSPECTRAL IMAGING MARKET, BY APPLICATION 63
6.4.3 CHINA HYPERSPECTRAL IMAGING MARKET, BY APPLICATION 64
6.4.4 INDIA HYPERSPECTRAL IMAGING MARKET, BY APPLICATION 66
6.4.5 REST OF ASIA (ROA) HYPERSPECTRAL IMAGING MARKET, BY APPLICATION 67
6.5 REST OF THE WORLD (ROW) HYPERSPECTRAL IMAGING MARKET 68
6.5.1 REST OF THE WORLD (ROW) HYPERSPECTRAL IMAGING MARKET, BY APPLICATION 69
7 GLOBAL HYPERSPECTRAL IMAGING MARKET: COMPETITIVE LANDSCAPE 71
7.1 HYPERSPECTRAL IMAGING MARKET: COMPANY SHARE ANALYSIS 71
7.2 NORTH AMERICA HYPERSPECTRAL IMAGING (HSI) MARKET SHARES (%), BY COMPANY 71
7.3 EUROPE HYPERSPECTRAL IMAGING (HSI) MARKET SHARES (%), BY COMPANY 72
7.4 ASIA HYPERSPECTRAL IMAGING (HSI) MARKET SHARES (%), BY COMPANY 73
7.5 MARKET STRATEGY 74
7.5.1 EXPANSIONS 74
7.5.2 COLLABORATION 75
7.5.3 NEW PRODUCT LAUNCH 76
7.5.4 PARTNERSHIP 77
7.5.5 AGREEMENT 78
8 GLOBAL HYPERSPECTRAL IMAGING MARKET, BY COMPANY 80
(Overview, Financials, Products & Services, Strategy, and Developments)*
8.1 HEADWALL PHOTONICS INC. 80
8.2 SPECIM SPECTRAL IMAGING LTD. 83
8.3 IMEC 85
8.4 NORSK ELEKTRO OPTIKK A/S 87
8.5 SURFACE OPTICS CORP. 89
8.6 TELOPS INC. 91
*Details on overview, financials, product & services, strategy, and developments might not be captured in case of unlisted company
9 APPENDIX 93
9.1 CUSTOMIZATION OPTIONS 93
9.1.1 PORTER`S FIVE FORCES ANALYSIS 93
9.1.2 THREAT FROM NEW ENTRANTS 93
9.1.3 THREAT FROM SUBSTITUTES 94
9.1.4 6.4.3 BARGAINING POWER OF SUPPLIERS 94
9.1.5 6.4.4 BARGAINING POWER OF BUYERS 94
9.1.6 INTENSITY OF COMPETITIVE RIVALRY 100
9.2 RELATED REPORTS 101
9.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 102
9.3.1 RT SNAPSHOTS 103
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“LIST OF TABLES
UU
TABLE 1 GLOBAL HYPERSPECTRAL IMAGING MARKET: COMPARISON WITH OPTICAL IMAGING MARKET, 2013 – 2019 (USD MN) 18
TABLE 2 GLOBAL HYPERSPECTRAL IMAGING MARKET: DRIVERS AND INHIBITORS 18
TABLE 3 GLOBAL HYPERSPECTRAL IMAGING MARKET, BY APPLICATION 22
TABLE 4 GLOBAL HYPERSPECTRAL IMAGING MARKET,
BY GEOGRAPHY, 2013 – 2019 (USD MN) 43
TABLE 5 NORTH AMERICAN HYPERSPECTRAL IMAGING MARKET,
BY APPLICATION, 2013 – 2019 (USD MN) 44
TABLE 6 U.S. HYPERSPECTRAL IMAGING MARKET, BY APPLICATION, 2013-2019 (USD MN) 46
TABLE 7 CANADA HYPERSPECTRAL IMAGING MARKET, BY APPLICATION, 2013-2019 (USD MN) 47
TABLE 8 MEXICO HYPERSPECTRAL IMAGING MARKET, BY APPLICATION, 2013-2019 (USD MN) 49
TABLE 9 EUROPE HYPERSPECTRAL IMAGING MARKET, BY APPLICATION, 2013-2019 (USD MN) 51
TABLE 10 GERMANY HYPERSPECTRAL IMAGING MARKET, BY APPLICATION, 2013-2019 (USD MN) 53
TABLE 11 FRANCE HYPERSPECTRAL IMAGING MARKET, BY APPLICATION, 2013-2019 (USD MN) 54
TABLE 12 ITALY HYPERSPECTRAL IMAGING MARKET, BY APPLICATION, 2013-2019 (USD MN) 55
TABLE 13 SPAIN HYPERSPECTRAL IMAGING MARKET, BY APPLICATION, 2013-2019 (USD MN) 57
TABLE 14 U.K. HYPERSPECTRAL IMAGING MARKET, BY APPLICATION, 2013-2019 (USD MN) 58
TABLE 15 REST OF EUROPE (ROE) HYPERSPECTRAL IMAGING MARKET,
BY APPLICATION, 2013-2019 (USD MN) 60
TABLE 16 ASIA HYPERSPECTRAL IMAGING MARKET, BY APPLICATION, 2013-2019 (USD MN) 62
TABLE 17 JAPAN HYPERSPECTRAL IMAGING MARKET, BY APPLICATION, 2013-2019 (USD MN) 63
TABLE 18 CHINA HYPERSPECTRAL IMAGING MARKET, BY APPLICATION, 2013-2019 (USD MN) 65
TABLE 19 INDIA HYPERSPECTRAL IMAGING MARKET, BY APPLICATION, 2013-2019 (USD MN) 66
TABLE 20 REST OF ASIA (ROA) HYPERSPECTRAL IMAGING MARKET,
BY APPLICATION, 2013-2019 (USD MN) 68
TABLE 21 REST OF THE WORLD (ROW) HYPERSPECTRAL IMAGING MARKET,
BY APPLICATION, 2013-2019 (USD MN) 70
TABLE 22 EUROPE HYPERSPECTRAL IMAGING MARKET: EXPANSIONS 74
TABLE 23 EUROPE HYPERSPECTRAL IMAGING MARKET: COLLABORATION 75
TABLE 24 EUROPE HYPERSPECTRAL IMAGING MARKET: NEW PRODUCT LAUNCH 76
TABLE 25 EUROPE HYPERSPECTRAL IMAGING MARKET: PARTNERSHIP 77
TABLE 26 EUROPE HYPERSPECTRAL IMAGING MARKET: AGREEMENT 78
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“LIST OF FIGURES
FIGURE 1 GLOBAL HYPERSPECTRAL IMAGING MARKET: SEGMENTATION & COVERAGE 10
FIGURE 2 HYPERSPECTRAL IMAGING MARKET: INTEGRATED ECOSYSTEM 11
FIGURE 3 TOP-DOWN APPROACH 12
FIGURE 4 BOTTOM-UP APPROACH 13
FIGURE 5 MACRO INDICATOR-BASED APPROACH-HEALTHCARE EXPENDITURE, 2014,(USD MN) 14
FIGURE 6 GLOBAL HYPERSPECTRAL IMAGING MARKET SNAPSHOT 16
FIGURE 7 GLOBAL HYPERSPECTRAL IMAGING MARKET, BY APPLICATION 23
FIGURE 8 GLOBAL HYPERSPECTRAL IMAGING MARKET APPLICATIONS IN AGRICULTURAL INDUSTRY 24
FIGURE 9 GROWTH HYPERSPECTRAL IMAGING IN AGRICULTURE : MARKET COMPARISION 25
FIGURE 10 GLOBAL HYPERSPECTRAL IMAGING MARKET APPLICATIONS IN COLORIMETRY 26
FIGURE 11 GROWTH OF HYPERSPECTRAL IMAGING IN COLORIMETRY: MARKET COMPARISION 27
FIGURE 12 GLOBAL HYPERSPECTRAL IMAGING MARKET APPLICATIONS IN ENVIRONMENTAL TESTING 28
FIGURE 13 GROWTH OF HYPERSPECTRAL IMAGING IN ENVIRONMENTAL TESTING: MARKET COMPARISION 29
FIGURE 14 GLOBAL HYPERSPECTRAL IMAGING MARKET APPLICATIONS IN FOOD INDUSTRY 30
FIGURE 15 GROWTH OF HYPERSPECTRAL IMAGING IN FOOD INDUSTRY: MARKET COMPARISION 31
FIGURE 16 GLOBAL HYPERSPECTRAL IMAGING MARKET APPLICATIONS IN LIFE SCIENCE & MEDICAL DIAGNOSTICS 32
FIGURE 17 GROWTH OF HYPERSPECTRAL IMAGING IN LIFE SCIENCE & MEDICAL DIAGNOSTICS: MARKET COMPARISION 33
FIGURE 18 GLOBAL HYPERSPECTRAL IMAGING MARKET APPLICATIONS IN MILITARY SURVEILLANCE (DEFENCE) 35
FIGURE 19 GROWTH OF HYPERSPECTRAL IMAGING IN MILITARY SURVEILLANCE (DEFENCE): MARKET COMPARISION 35
FIGURE 20 GLOBAL HYPERSPECTRAL IMAGING MARKET APPLICATIONS IN MINING & MINERALOGY 36
FIGURE 21 GROWTH OF HYPERSPECTRAL IMAGING IN MINING & MINERALOGY: MARKET COMPARISION 37
FIGURE 22 GLOBAL HYPERSPECTRAL IMAGING MARKET APPLICATIONS IN METEREOLOGY 38
FIGURE 23 GROWTH OF HYPERSPECTRAL IMAGING IN METEREOLOGY: MARKET COMPARISION 38
FIGURE 24 GLOBAL HYPERSPECTRAL IMAGING MARKET APPLICATIONS IN MACHINE CONTROL & PROCESS VISION 39
FIGURE 25 GROWTH OF HYPERSPECTRAL IMAGING IN MACHINE CONTROL & PROCESS VISION: MARKET COMPARISION 40
FIGURE 26 GLOBAL HYPERSPECTRAL IMAGING MARKET: GROWTH ANALYSIS, BY GEOGRAPHY, 2014 & 2018 (USD MN) 42
FIGURE 27 NORTH AMERICA HYPERSPECTRAL IMAGING MARKET OVERVIEW,
2013 & 2019 (USD MN) 44
FIGURE 28 U.S. HYPERSPECTRAL IMAGING MARKET, BY APPLICATION,2013-2019 (USD MN) 45
FIGURE 29 CANADA HYPERSPECTRAL IMAGING MARKET, BY APPLICATION,2013-2019 (USD MN) 47
FIGURE 30 MEXICO HYPERSPECTRAL IMAGING MARKET, BY APPLICATION,2013-2019 (USD MN) 48
FIGURE 31 GERMANY HYPERSPECTRAL IMAGING MARKET, BY APPLICATION,2013-2019 (USD MN) 52
FIGURE 32 FRANCE HYPERSPECTRAL IMAGING MARKET, BY APPLICATION,2013-2019 (USD MN) 53
FIGURE 33 ITALY HYPERSPECTRAL IMAGING MARKET, BY APPLICATION,2013-2019 (USD MN) 55
FIGURE 34 SPAIN HYPERSPECTRAL IMAGING MARKET, BY APPLICATION,2013-2019 (USD MN) 56
FIGURE 35 U.K. HYPERSPECTRAL IMAGING MARKET, BY APPLICATION,2013-2019 (USD MN) 58
FIGURE 36 REST OF EUROPE (ROE) HYPERSPECTRAL IMAGING MARKET,
BY APPLICATION,2013-2019 (USD MN) 59
FIGURE 37 ASIA HYPERSPECTRAL IMAGING MARKET, BY APPLICATION,2013-2019 (USD MN) 61
FIGURE 38 JAPAN HYPERSPECTRAL IMAGING MARKET, BY APPLICATION,2013-2019 (USD MN) 63
FIGURE 39 CHINA HYPERSPECTRAL IMAGING MARKET, BY APPLICATION,2013-2019 (USD MN) 64
FIGURE 40 INDIA HYPERSPECTRAL IMAGING MARKET, BY APPLICATION,2013-2019 (USD MN) 66
FIGURE 41 REST OF ASIA (ROA) HYPERSPECTRAL IMAGING MARKET,
BY APPLICATION,2013-2019 (USD MN) 67
FIGURE 42 REST OF THE WORLD (ROW) HYPERSPECTRAL IMAGING MARKET,
BY APPLICATION, 2013-2019 (USD MN) 69
FIGURE 43 NORTH AMERICA HYPERSPECTRAL IMAGING (HSI) MARKET SHARES (%),
BY COMPANY, 2013 72
FIGURE 44 EUROPE HYPERSPECTRAL IMAGING (HSI) MARKET SHARES (%), BY COMPANY, 2013 73
FIGURE 45 ASIA HYPERSPECTRAL IMAGING (HSI) MARKET SHARES (%), BY COMPANY, 2013 74
FIGURE 46 PORTER`S FIVE FORCES ANALYSIS 93
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