• 出版社/出版日：Mordor Intelligence / 2021年1月
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The global hyperspectral imaging market (henceforth referred to as the market studied or the HSI market) was valued at USD 144.61 million in 2020, and it is expected to reach a value of USD 322.88 million by 2026 while registering a CAGR of 14.88% during the period of 2021-2026. Hyperspectral imaging (HSI) is a set of activities via which images are captured, and spectral radiance values are assigned to each pixel through various wavelengths of the electromagnetic spectrum under visible and infrared regions. Sensors provide information on hundreds of narrow wavelength bands of the composite. The pixels are sorted and characterized using statistical analysis with the help of a software classifying among the groups of pixels.
– The current hyperspectral imaging technology is complemented by powerful sensors capable of covering large surfaces of the earth with exceptional spatial, spectral, and temporal resolutions. The technology is effectively used in numerous remote sensing applications that require the estimation of physical parameters of many complex surfaces and identification of visually similar materials having fine spectral signatures due to such features.
– Technological advancements, such as micro-hyperspectral imaging technology development, have led to improvements in data acquisition and analysis. Micro-hyperspectral technology addresses the need for small, lightweight, and efficient hyperspectral imaging instruments capable of being deployed in harsh environments. For instance, Specim offers Specim FX17, the smallest and fastest InGaAs-based near-infrared hyperspectral camera designed for industrial machine vision. The camera provides more detailed chemical, physical, and biological information, thereby saving money and time and reducing the amount of unrecyclable waste.
– Stakeholders in the hyperspectral space are increasingly developing low-cost, portable point spectrometers and multi-spectral cameras that can be operated from handheld devices and cell phones. The technological push is to create hyperspectral imagers with tens to hundreds of color bands. Only CCD and CMOS focal planes can provide the pixel density for high spatial/spectral resolution for hyperspectral imaging on a cell phone.
– The increasing use of drones/unmanned aerial vehicles (UAVs), which incorporate a fusion of LiDAR and hyperspectral technology, globally, is propelling the use of hyperspectral imaging, especially in agricultural and military applications. Agricultural applications command a significant potential for the market studied, and with the incorporation of UAVs, the technology’s applications are expected to grow significantly. For instance, in October 2019, Iowa State University’s scientists tested an ML system that enables farmers to automate the ability to diagnose a range of major stressors in soybeans. In the test, UAVs were equipped with hyperspectral imaging technology.
– With the outbreak of COVID-19, the hyperspectral imaging market is likely to grow as this technology can be an excellent tool for analyzing COVID-19 rashes. For instance, hyperspectral imaging technology provider HinaLea Imaging (Emeryville, CA) has entered into a research program to investigate the prognostic value of skin findings associated with COVID-19 infection, using the company’s advanced hyperspectral imaging system.
Key Market Trends
Defense to be the Fastest Growing Segment
– The defense industry faces a variety of challenges daily, and many of the problems need to be countered with the latest technologies. The lack of such latest technologies indirectly leads to the vulnerability of the entity. The defense sector has particularly invested in the acquisition of the latest technologies.
– The total military budget around the world was estimated to be around USD 1.8 trillion, which is an approximate increase of 2.6% compared to the previous global military budget in 2017. Such an increase in the budget is expected to create opportunities for many such innovations to be implemented in the domain.
– Moreover, in 2019, the National Reconnaissance Office, an agency of the United States Department of Defense, awarded its hyperspectral imaging study contract to HySpecIQ. As per the National Reconnaissance Office, HySpecIQ is developing new hyperspectral imaging capabilities that can potentially contribute to its current and future overhead architecture.
– Defense environments are extensively using unmanned aerial vehicles (UAVs) to improve aerial and ground reconnaissance activities, and this is where HSI technologies find applications. Aerial vehicles have been in rising demand over recent years.
– Additionally, HSI sensing ability to detect ground disturbances also helps in detecting buried land mines and IEDs. Also, HSI enables detecting camouflaged objects to differentiate things, at as little as 20% of a pixel. Hence, with the dominant chemical makeup and complex 3D structure of vegetation, it is tougher to duplicate in camouflage material against HSI.
North America to Hold Maximum Market Share
– Increasing innovations in surveillance and defense spending in the region are expected to drive the market’s growth, besides the food & agriculture industries. Recently, the US military began using balloons to monitor activity across six states in the Midwest region. The 25 solar-powered balloons, deployed to monitor portions of Iowa, Missouri, Minnesota, and Wisconsin, are capable of tracking multiple individuals or vehicles during the day and at night and surveil the events in an area. Such new deployments are anticipated to increase the adoption of hyperspectral imaging systems and devices.
– Further, the United States has the highest military expenditure in the world. In FY 2020, the United States Air Force may require USD 165.5 billion, which is expected to fund new technology development. The increase in the expenditure is likely to fund the next-generation fighter jets capable of detecting various surfaces and radiation from higher heights.
– Apart from the United States, Canada has increased its military spending in recent years. According to the Stockholm International Peace Research Institute, Canada’s military expenditure reached USD 21.6 billion in 2018, and it is ranked 14th among other large spenders in the NATO alliance. Such high spending is anticipated to drive the deployment of new surveillance technologies in the military sector, which may present opportunities for the growth of the market in the region.
– A recent demonstration of hyperspectral imaging was identified in the United States, led by NASA. In March 2020, NASA flew a hyperspectral, LiDAR, and thermal (G-LiHT) airborne imaging system over the mangrove forests in the Florida Everglades, three years after Hurricane Irma devastated the area, to evaluate their condition. The plane, with sensors, was sent to Puerto Rico to examine forest structures, recovery, and the damage after Hurricane Maria.
– The market is witnessing an increase in investments from government agencies and private organizations to finance the R & D activities in small companies striving to advance their initial discoveries for commercial development, which opens opportunities for hyperspectral vendors. For example, the Texas Emerging Technology Fund is explicitly intended to help companies finance proof-of-concept research. The fund finances biologic sciences and biotechnology, as well as engineering, materials science, and information technology, and it has committed funding to individual companies, ranging from USD 500,000 to USD 10 million.
The hyperspectral imaging market is fragmented. Few of the prominent players in this market are Headwall Photonics, Spectral Imaging Ltd, Corning Incorporated among others. Product launches, high investments in R&D, partnerships and acquisitions, etc., are the prime growth strategies adopted by these companies to sustain in the market. Some of the key developments in the market are:
– In February 2020 – IMEC introduced three new hyperspectral imaging systems outside the lab. Researchers from the Palo Alto Research Center (PARC) are also active in this space and are engineering hyperspectral imaging technology to be lightweight, programmable, and inexpensive for widespread use. Such instances suggest that the emphasis on mobile devices may increase over the forecast period.
– In January 2020 – Specim Spectral Imaging Ltd launched Specim AFX10, which is a compact and complete solution for lightweight hyperspectral imaging that can be mounted, for example, on a drone.
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1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHT
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness – Porter’s Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Technological Advancements
5.1.2 Increasing Demand for Data Accuracy and Consistency
5.2 Market Challenges
5.2.1 High Cost Associated with the Use of Hyperspectral Imaging
5.3 Patent Analysis
6 TECHNOLOGY SNAPSHOT – APPLICATIONS
6.2 Remote Sensing
6.3 Machine Vision/Optical
6.4 Medical Diagnostics/Research
7 MARKET SEGMENTATION
7.1 By End-user Vertical
7.1.1 Food and Agriculture
7.1.5 Other End-user Verticals
7.2 By Region
7.2.1 North America
7.2.3 Asia Pacific
7.2.4 Rest of the World
8 COMPETITIVE INTELLIGENCE
8.1 Company Profiles*
8.1.1 Bayspec Inc.
8.1.2 Specim Spectral Imaging Ltd
8.1.3 Corning Incorporated
8.1.4 Surface Optics Corporation
8.1.5 Headwall Photonics Inc.
8.1.6 Resonon Inc.
8.1.7 HyperMed Imaging Inc.
8.1.8 Norsk Elektro Optikk AS
8.1.9 Cubert GmbH
8.1.10 XIMEA GmbH
8.1.11 HinaLea Imaging (TruTag Technologies Inc.)
9 VENDOR POSITIONING ANALYSIS – HYPERSPECTRAL IMAGING
10 INVESTMENT ANALYSIS
11 MARKET OPPORTUNITIES AND OUTLOOK