The global market for hyperspectral imaging was valued at $277.7 million in 2023. It is expected to grow from $301.4 million in 2024 to $472.9 million by 2029, at a compound annual growth rate (CAGR) of 9.4% from 2024 through 2029.
The global market for spectral scanning in hyperspectral imaging is expected to grow from $194.4 million in 2024 to $293.7 million by 2029, at a CAGR of 8.6% from 2024 through 2029.
The global market for hybrid scanning in hyperspectral imaging is expected to grow from $33.2 million in 2024 to $57.3 million by 2029, at a CAGR of 11.5% from 2024 through 2029.
Report Scope
This report analyzes trends in the global hyperspectral imaging market. It provides the global revenue ($ 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