Global Demand for Hyperspectral Imaging to Be Valued At US$ 683 Mn by 2022-End: Fact.MR Study

According to
a recently updated study by Fact.MR, the global hyperspectral imaging market is
anticipated to reach US$ 2 Bn by 2032’s end, registering an astounding 11.34%
CAGR. The market for hyperspectral remote sensing has experienced a boom in
investment due to an increase in demand from industrial clusters for effective
imagery analysis.


The market
for hyperspectral imaging is expected to remain largely healthy
from 2017 to 2021, with a CAGR of 10% during that time. Prospects declined as
COVID-19 began to take effect in a number of application industries, including
space research. However, its application has greatly expanded in the healthcare
industry, particularly for identifying the novel coronavirus in infected


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and private businesses alike are investing a tonne of money in hyper spectral
imaging technology because of its advantages. On the other hand,
government-sponsored organisations like NASA and ISRO are committed to
developing and launching hyperspectral imaging systems with finer spatial
resolutions for hyperspectral astronomy.


Important conclusions from the market study

By the end of 2022, the market for hyperspectral
imaging will be worth US$683 million.

For hyperspectral imaging, agriculture and
forestry are expected to become lucrative investment sectors.

Aerospace and defence will continue to
experience rapid growth, with a 14% value CAGR.

The United States will attract investors and
generate 22% revenue by 2022.


China will see a CAGR of 12% due to the
country’s extensive space programme applications.

extensive study in the healthcare industry to
broaden Germany’s growth prospects, registering a 9% CAGR


Report Attributes


Size Value in 2022

US$ 683 Mn

Market Forecast Value by 2032

US$ 2 Bn

Growth Rate (2022 to 2032)


Share of U.S



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Competitive Environment:


partnerships enable manufacturers to increase production, meet consumer demand,
and grow their market share. Manufacturers create a variety of technologies for
a variety of uses while also increasing their sales and market share.


The HIS-ULTRIS 5, a pocket-sized Hyperspectral
Video Imager with Light Field Technology, will be made available in October
2021 by CUBERT GmBH. The new ULTRIS 20 has the same spectral range as their
previous model and has the same 8-nm sampling rate, 50 band total, 15 Hz frame
rate, and 250 x 250 pixel resolution (450-850 nm – VNIR).

Resonon released the Pika NUV2 hyperspectral
camera in July 2021. It is the only ultraviolet imaging system on the market
that scans ultraviolet light and has a spectral coverage of 330 to 800 nm. This
device will facilitate new research and advancement in fields like industrial
quality control, insect, animal, agricultural, and horticultural vision.


Key Players
in the Hyperspectral Imaging Market Include:

Airbus Defence and Space
Antrix Corporation
Hansa Luftbild AG
L3Harris Technologies (Harris
Hexagon AB
HyperSpectral Solutions LLC
Planet Labs PBC
Satellogic SA
Sanborn Map Company


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Key Segments Covered in Hyperspectral
Imaging Industry Survey

Use Industry

Mining and Mineral
Forestry and Agriculture
Infrastructure and Urban
Oil & Gas
Utility and Energy
Aerospace & Defense
Environment Monitoring and
Other Industries

* This article was originally published here