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Hyperspectral Imaging Systems Market Trends

Report ID: GMI5921
Published Date: Jun 2023
Report Format: PDF

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Hyperspectral Imaging Systems Market Trends

Government initiatives and funding play a crucial role in driving the development and adoption of hyperspectral imaging systems. Governments provide financial support for research and development activities related to hyperspectral imaging. Funding programs and grants are available to academic institutions, research organizations, and companies engaged in developing innovative hyperspectral imaging technologies. Moreover, governments form partnerships with private companies to support the development and deployment of these systems. These partnerships involve joint funding, sharing of resources and expertise, and collaboration in research and development projects.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Hyperspectral imaging systems industry reached over USD 16 billion in 2022 and will surpass USD 47 billion by 2032 due to the rising adoption in healthcare, R&D, night vision, defence, food industry, and remote sensing.

The medical diagnostics application segment will witness 12% CAGR from 2023-2032 driven by increasing deployment in gastrointestinal procedures, ophthalmology diagnostics, fluorescence microscopy, and advanced wound care management

Hyperspectral imaging systems market in the U.S. exceeded USD 5 billion in 2022 and will record more than USD 14 billion by 2032 on account of the presence of strong healthcare infrastructure in the region.

Some of the major hyperspectral imaging systems industry players include Headwall Photonics, Inc., Telops Inc., Corning Incorporated, Norsk Elektro Optikk AS, Surface Optics Corporation, Bayspec Inc., Applied Spectral Imaging, Surface Optics Corporation, Specim, and Spectral Imaging Ltd.