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Global Hyperspectral Imaging Market to Reach $1.64 Billion by 2027DUBLIN, Aug. 11, 2022 /PRNewswire/ -- The "Hyperspectral Imaging Market - A Global and Regional Analysis: Analysis and Forecast, 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global hyperspectral imaging market was estimated to be at $791.2 million in 2021, which is expected to grow with a CAGR of 13.17% and reach $1,640.3 million by 2027. The growth in the global hyperspectral imaging market is expected to be driven by the widespread applications of hyperspectral imaging technology, the increasing demand and investments from military and defense sectors, the increased emphasis of government on research and development activities, increasing prevalence of various chronic disorders and growing geriatric population, the growing awareness regarding early diagnosis of diseases, and the increasing global food safety concerns. Market Lifecycle Stage The hyperspectral market is still in the nascent phase. Increased research and development activities are underway to develop more hyperspectral imaging products. The increasing technological advancements in hospitals, diagnostic centers, military and defense sectors, agriculture practices, and research centers are some of the major opportunities in the global hyperspectral imaging market. Moreover, the increasing demand in developing regions is also an opportunity for the growth of the market. Market Segments
The global hyperspectral imaging market in the application segment is expected to be dominated by the mining and material segment. by Technology
by Spectral Range
Global hyperspectral imaging is dominated by the visible near-infrared (VNIR) hyperspectral imaging segment. by Product
by Region
North America held the largest share in the global hyperspectral imaging market in 2021, and the trend is anticipated to continue during the forecast period 2022-2027. Demand - Drivers and Limitations
The market is expected to face some limitations too due to the following challenges:
Key Market Players and Competition Synopsis The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration. Some of the prominent names established in this market are: Company Type 1: Established Companies
Company Type 2: Emerging Companies
Key Topics Covered: 1 Markets 2 Global Hyperspectral Imaging Market (by Application) 3 Global Hyperspectral Imaging Market (by Technology), 2020-2027 4 Global Hyperspectral Imaging Market (by Spectral Range) 5 Global Hyperspectral Imaging (by Product) 6 Region 7 Market - Competitive Benchmarking & Company Profiles For more information about this report visit https://www.researchandmarkets.com/r/u1phl9 Media Contact: Research and Markets
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