How big is the Hyperspectral Imaging Market?

The Hyperspectral Imaging Market size is expected to reach USD 226.20 million in 2024 and grow at a CAGR of 15.90% to reach USD 473.40 million by 2029. Read More

What is the current Hyperspectral Imaging Market size?

In 2024, the Hyperspectral Imaging Market size is expected to reach USD 226.20 million. Read More

Who are the key players in Hyperspectral Imaging Market?

Galileo Group, Inc., BaySpec Inc., Specim Spectral Imaging Ltd, Corning Incorporated and Surface Optics Corporation are the major companies operating in the Hyperspectral Imaging Market. Read More

Which is the fastest growing region in Hyperspectral Imaging Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Hyperspectral Imaging Market?

In 2024, the North America accounts for the largest market share in Hyperspectral Imaging Market. Read More

What years does this Hyperspectral Imaging Market cover, and what was the market size in 2023?

In 2023, the Hyperspectral Imaging Market size was estimated at USD 190.23 million. The report covers the Hyperspectral Imaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hyperspectral Imaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Hyperspectral Imaging Market Share

Statistics for the 2023 & 2024 Hyperspectral Imaging market share, created by Mordor Intelligence™ Industry Reports. Hyperspectral Imaging share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Hyperspectral Imaging Industry

The Hyperspectral Imaging market is fragmented with the presence of major players like Galileo Group, Inc., BaySpec Inc., Specim Spectral Imaging Ltd, Corning Incorporated, and Surface Optics Corporation. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

June 2024 - The Specim Spectral Imaging Ltd introduced a new macro lens for the Specim FX10 hyperspectral camera. This lens enables the camera to concentrate on small subjects, capturing intricate details and producing high-resolution hyperspectral images in the visible and near-infrared (VNIR) regions.
January 2024 - Headwall Photonics recently completed the acquisition of Inno-spec GmbH of Nuremberg, Germany. Inno-spec GmbH is a well-known manufacturer of industrial hyperspectral imaging systems used in high-volume recycling, industrial sorting, and quality testing. This strategic acquisition represents a significant advancement in the company’s goal to provide comprehensive hyperspectral imaging solutions.