Global Spectral Imaging Market Analysis Report 2022: Hyperspectral and Multispectral Cameras are Becoming Low Cost Tools to Target On-field and In-line Applications
DUBLIN, March 31, 2023 /PRNewswire/ -- The "Spectral Imaging: End-user needs, Markets and Trends" report has been added to ResearchAndMarkets.com's offering.
The report provides the breakdown between multispectral and hyperspectral cameras. It also includes detailed market revenue and units forecasts by application and detailed analysis by market segment.
First introduced for earth observation from satellites and planes, spectral imaging (including hyperspectral and multispectral imaging) was adopted in industry in the 2000's, for sorting applications. Sorting is currently the biggest market of multispectral and hyperspectral cameras, in revenue.
The adoption in other industrial or in onfield applications remained low for three main reasons: the high cost of cameras, their large size and the huge amount of data to process and store. Currently, the spectral imaging market is at a turning point in its evolution. Technical efforts have been made to build cameras at cost below $10,000 and compact enough to be implemented on drones or in industrial lines.
Meanwhile, robust and user-friendly methods for spectral data analysis have been developed. These achievements will lead to a wider adoption of multi/hyperspectral cameras for on-field or in-line applications. The spectral imaging market is expected to experience a high annual growth rate of around 20% in the coming years, reaching more than 10,000 cameras sold in 2024 (excluding the Space and Military markets).
Objectives of the Report
Key Topics Covered:
2. Highlights of the report
3. A market at a turning point
4. Hardware and software technology trends
5. Spectral imaging current status and promising applications
For more information about this report visit https://www.researchandmarkets.com/r/r6kss4
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SOURCE Research and Markets