DUBLIN, 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.
- Healthcare (Medical Imaging/Diagnostics, Pharmaceuticals, Image-Guided Surgery, Others)
- Environmental Monitoring and Agriculture
- Mining and…