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Hyperspectral Imaging Systems Market by Component, Application - Global Forecast to 2021NEW YORK, Jan. 10, 2017 /PRNewswire/ -- The global hyperspectral imaging systems market is projected to reach USD 12.71 billion by 2021 from USD 7.41 billion in 2016, growing at a CAGR of 11.4% from 2016 to 2021. A number of factors, such as growing number of research projects using hyperspectral imaging techniques and widening industrial applications of HSI are driving the growth of this market. However, the high cost associated with the use of hyperspectral imaging technology is expected to restrain the growth of this market in the coming years. The market witnesses high competitive intensity, as there are several big and many small firms with similar product offerings. These companies adopt various strategies (expansions, new product launches, marketing and promotion, agreements, collaborations, contracts, partnerships, and joint ventures) to increase their market shares and establish a strong foothold in the global hyperspectral imaging systems market. Key players offering hyperspectral imaging systems include Headwall Photonics, Inc. (U.S.), Corning Incorporated (U.S.), SPECIM, Spectral Imaging Ltd. (Finland), Resonon (U.S.), Telops (Canada), Norsk Elektro Optikk AS (Norway), Applied Spectral Imaging (U.S.), BaySpec Inc. (U.S.), Surface Optics Corporation (U.S.), and ChemImage Corporation (U.S.). Research Coverage The market study covers the global hyperspectral imaging systems market, by component, application, and region. This report also covers the drivers, restraints, opportunities, and threats of the market along with the competitive landscape of the hyperspectral imaging systems market. Reasons to Buy This Report: The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn helps firms to garner a greater market share. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares. The report provides insights on the following pointers: - Market Penetration: Comprehensive information on products and services offered by top players in the global hyperspectral imaging systems market - Product Development/Innovation: Detailed insights on research & development activities and new product launches in the global hyperspectral imaging systems market - Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for hyperspectral imaging systems across regions - Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global Hyperspectral Imaging market - Competitive Assessment: In-depth assessment of strategies, products, and the manufacturing capabilities of leading players in the global hyperspectral imaging systems market Read the full report: http://www.reportlinker.com/p04603860-summary/view-report.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hyperspectral-imaging-systems-market-by-component-application---global-forecast-to-2021-300388800.html SOURCE Reportlinker |