European Hyperspectral Imaging Market is Estimated to Reach $19.3 Million by 2019 - A Report by MicroMarket Monitor

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The European Hyperspectral Imaging Market is anticipated to grow owing to the increasing demand of the military and healthcare application verticals.

MicroMarket Monitor

MicroMarket Monitor

Key Players of the European Hyperspectral Imaging market include Cubert-GmbH (Germany), VK DI Kerschhaggl GmbH (Germany), Headwall Photonics Inc. (U.S.), IMEC (Belgium), Inno-spec GmbH (Germany), LemnaTec GmbH (Germany), Norsk Elektro Optikk A/S (Norway).

The European hyperspectral imaging market is expected to reach a value of $19.3 million by 2019 and is estimated to grow at a CAGR of 11.4% during the forecast period of 2014 to 2019.

Hyperspectral Imaging (HSI) is a colorimetric technique that captures the spectral fingerprint of objects in the visible (includes nearby IR and UV) spectrum through a multitude (tens to hundreds) of narrow band optical filters. It is broadly considered to be the subset of spectral imaging, which captures all the color tones of the scene over separate pixels, optically distinguishing any slight variation in visually similar colors, therefore, ensuring a high spectral resolution image capturing process. Some of the major utility areas of HSI sensors and cameras are to forecast cyclogenesis and the development of hurricane force winds in the North Pacific and Atlantic oceans, identify regions of stratospheric air, and detect major atmospheric parameters, among others. The major applications of HIS are in military and healthcare verticals.

Browse through the TOC of European Hyperspectral Imaging Market for an analysis of industry trends and segments, with the help of various tables and figures.

Factors such as increasing adoption of hyperspectral imaging across verticals, technological advancements, data accuracy, and consistency, drive the growth of the European hyperspectral imaging market. Besides operator safety, patient comfort and safety are some of the major factors that drive the hyperspectral imaging market. It is also used in areas, such as the mining & mineralogy, agriculture, and environment testing industries.

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HSI market has various application segments, out of which military surveillance commanded the largest share in 2013, and the trend is expected to continue to remain in the coming years. The airborne hyperspectral imagery is valuable for military and civilian applications, such as detection of military camouflage, landmine detection, target identification, detection of anomalies, and changes within multiple acquisitions. In the life sciences and clinical sector, HSI is used to visualize and access the images of in-depth structures of eye, surface tissues, mucosal membranes, the gastrointestinal tract, and vascular systems, therefore fuelling the growth of the hyperspectral imaging market.

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Geographically, the European region contributed 26.7% in 2014 to the global hyperspectral imaging market. The European market was estimated at $11.3 million in 2014, and is expected to grow at a CAGR of 11.4% from 2014 to 2019. In terms of high growth potential, the German hyperspectral imaging market is an open market, expected to witness highly significant growth during the forecast period of 2014 to 2019.

Related Report:

Global Optical Imaging Market Research Report

Optical imaging is a technique for non-invasively looking inside the body, as is done with x-rays. Unlike x-rays, which use ionizing radiation, optical imaging uses visible light and the special properties of photons to obtain detailed images of organs and tissues as well as smaller structures including cells and even molecules. These images are used by scientists for research and by clinicians for disease diagnosis and treatment.

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