Europe Hyperspectral Imaging Market Size, Share & Trends Analysis Report By Product (Camera, Accessories), By Application (Military, Remote Sensing, Medical Diagnostics), And Segment Forecasts, 2022 - 2030
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Europe Hyperspectral Imaging Market Growth & Trends
The Europe hyperspectral imaging market size is expected to reach USD 7.33 billion by 2030, according to a new report by Grand View Research, Inc. The industry is expected to register a CAGR of 9.4% from 2022 to 2030. The HSI technology is highly useful in detecting a broad spectrum of light rather than simply assigning the primary colors (red, green, and blue) to each pixel. It is used in a variety of applications, including the chemical, pharmaceutical, medical diagnostic, food, agricultural, aerospace, and defense industries. The growing use of HSI in these applications is expected to boost industry growth. Furthermore, the technological advancements in instrumentation and data analysis of HSI are expected to contribute to market growth.
The industry is expected to develop over the coming years as a result of rapid industrialization and the demand for high bandwidth communication. In addition, to obtain a competitive edge, leading competitors are shifting to product upgrades, regional expansions, portfolio diversifications, and mergers & acquisitions. For instance, in May 2022, Specim, a leading HSI instruments, and systems manufacturer, in partnership with Grupo ?lava, strengthened its presence in Spain and Portugal. In addition, industry expansion is predicted to be fueled by the increased R&D and growth prospects in Europe as well as efforts to uphold international product quality standards.
Growing chemical, pharmaceutical, food, aerospace, medical diagnostics, and defense industries coupled with increasing awareness about precision diagnosis across the region are also expected to contribute to the industry growth.Furthermore, there has been growing adoption of hyperspectral technologies in hospitals for the identification and diagnosis of solid tumors and imaging guidance tools during the joining of tissues after tumor removal, especially in gastric cancer. This is expected to boost the demand for HSI technology. Cancer has become one of the leading causes of death in Europe, thus augmenting the adoption of HSI. For instance, according to the International Agency for Research on Cancer, Europe accounted for about 4,398,443 new cancer cases and 1,955,231 deaths in 2020.
Europe Hyperspectral Imaging Market Report Highlights
Europe Hyperspectral Imaging Market Growth & Trends
The Europe hyperspectral imaging market size is expected to reach USD 7.33 billion by 2030, according to a new report by Grand View Research, Inc. The industry is expected to register a CAGR of 9.4% from 2022 to 2030. The HSI technology is highly useful in detecting a broad spectrum of light rather than simply assigning the primary colors (red, green, and blue) to each pixel. It is used in a variety of applications, including the chemical, pharmaceutical, medical diagnostic, food, agricultural, aerospace, and defense industries. The growing use of HSI in these applications is expected to boost industry growth. Furthermore, the technological advancements in instrumentation and data analysis of HSI are expected to contribute to market growth.
The industry is expected to develop over the coming years as a result of rapid industrialization and the demand for high bandwidth communication. In addition, to obtain a competitive edge, leading competitors are shifting to product upgrades, regional expansions, portfolio diversifications, and mergers & acquisitions. For instance, in May 2022, Specim, a leading HSI instruments, and systems manufacturer, in partnership with Grupo ?lava, strengthened its presence in Spain and Portugal. In addition, industry expansion is predicted to be fueled by the increased R&D and growth prospects in Europe as well as efforts to uphold international product quality standards.
Growing chemical, pharmaceutical, food, aerospace, medical diagnostics, and defense industries coupled with increasing awareness about precision diagnosis across the region are also expected to contribute to the industry growth.Furthermore, there has been growing adoption of hyperspectral technologies in hospitals for the identification and diagnosis of solid tumors and imaging guidance tools during the joining of tissues after tumor removal, especially in gastric cancer. This is expected to boost the demand for HSI technology. Cancer has become one of the leading causes of death in Europe, thus augmenting the adoption of HSI. For instance, according to the International Agency for Research on Cancer, Europe accounted for about 4,398,443 new cancer cases and 1,955,231 deaths in 2020.
Europe Hyperspectral Imaging Market Report Highlights
- By product, the hyperspectral camera segment is estimated to account for the largest share of the overall revenue by 2030
- The growth of this segment can be attributed to the recent advancements in sensor development
- By application, the military segment accounted for the largest share of the overall revenue in 2021
- The growth can be attributed to the advancements in data management of HSI along with component fabrication techniques, better accuracy, and consistency compared to other conventional imaging techniques
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market Segmentation & Scope
1.1.1. Product
1.1.2. Application
1.1.3. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Model Details
1.6.1. Commodity flow analysis (Model 1)
1.6.1.1. Approach 1: Commodity flow approach
1.6.2. Volume price analysis (Model 2)
1.6.2.1. Approach 2: Volume price analysis
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
1.9.1. Objective
1.9.2. Objective
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Modality outlook
2.2.2. End use outlook
2.3. Competitive Insights
CHAPTER 3. EUROPE HYPERSPECTRAL IMAGING MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Reimbursement framework
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.1.1. Aggressive promotional programs such as conferences, workshops, and symposium
3.4.1.2. Growing usage of hyperspectral imaging in intraoperative application
3.4.1.3. Technological advancements
3.4.1.4. Increasing defense spending with rising global threats
3.4.2. Market restraint analysis
3.4.2.1. High cost
3.4.2.2. Lack of skilled professionals
3.5. Europe Hyperspectral Imaging Market Analysis Tools
3.5.1. Industry Analysis - Porter’s
3.5.1.1. Supplier power
3.5.1.2. Buyer power
3.5.1.3. Substitution threat
3.5.1.4. Threat of new entrant
3.5.1.5. Competitive rivalry
3.5.2. PESTEL Analysis
3.5.2.1. Political landscape
3.5.2.2. Technological landscape
3.5.2.3. Economic landscape
3.5.3. Major Deals & Strategic Alliances Analysis
3.5.4. Market Entry Strategies
CHAPTER 4. EUROPE HYPERSPECTRAL IMAGING MARKET: PRODUCT ESTIMATES & TREND ANALYSIS
4.1. Definitions and Scope
4.1.1. Cameras
4.1.2. Accessories
4.2. Product Market Share, 2018 & 2030
4.3. Segment Dashboard
4.4. Europe Hyperspectral Imaging Market by Product Outlook
4.5. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
4.5.1. Cameras
4.5.1.1. Cameras market estimates and forecast 2018 to 2030 (USD Million)
4.5.2. Accessories
4.5.2.1. Accessories market estimates and forecast 2018 to 2030 (USD Million)
CHAPTER 5. EUROPE HYPERSPECTRAL IMAGING MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
5.1. Definitions and Scope
5.1.1. Military
5.1.2. Remote Sensing
5.1.3. Medical Diagnostics
5.1.4. Machine Vision & Optical Sorting
5.1.5. Others
5.2. Application Market Share, 2018 & 2030
5.3. Segment Dashboard
5.4. Europe Hyperspectral Imaging Market by Application Outlook
5.5. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
5.5.1. Military
5.5.1.1. Military estimates and forecast 2018 to 2030 (USD Million)
5.5.2. Remote sensing
5.5.2.1. Remote sensing market estimates and forecast 2018 to 2030 (USD Million)
5.5.3. Medical diagnostics
5.5.3.1. Medical diagnostics estimates and forecast 2018 to 2030 (USD Million)
5.5.4. Machine vision & optical sorting
5.5.4.1. Machine vision & optical sorting market estimates and forecast 2018 to 2030 (USD Million)
5.5.5. Others
5.5.5.1. Others market estimates and forecast 2018 to 2030 (USD million)
CHAPTER 6. COMPETITIVE LANDSCAPE
6.1. Recent Developments & Impact Analysis, By Key Market Participants
6.2. Company/Competition Categorization
6.2.1. Innovators
6.3. Vendor Landscape
6.3.1. List of key distributors and channel partners
6.3.2. Key customers
6.3.3. Key company market share analysis, 2021
6.3.4. Imec
6.3.4.1. Company overview
6.3.4.2. Financial performance
6.3.4.3. Product benchmarking
6.3.4.4. Strategic initiatives
6.3.5. XIMEA GmbH
6.3.5.1. Company overview
6.3.5.2. Financial performance
6.3.5.3. Product benchmarking
6.3.5.4. Strategic initiatives
6.3.6. Resonon, Inc.
6.3.6.1. Company overview
6.3.6.2. Financial performance
6.3.6.3. Product benchmarking
6.3.6.4. Strategic initiatives
6.3.7. Headwall Photonics, Inc.
6.3.7.1. Company overview
6.3.7.2. Financial performance
6.3.7.3. Product benchmarking
6.3.7.4. Strategic initiatives
6.3.8. Telops Inc.
6.3.8.1. Company overview
6.3.8.2. Financial performance
6.3.8.3. Product benchmarking
6.3.8.4. Strategic initiatives
6.3.9. Corning Incorporated
6.3.9.1. Company overview
6.3.9.2. Financial performance
6.3.9.3. Product benchmarking
6.3.9.4. Strategic initiatives
6.3.10. Norsk Elektro Optikk AS
6.3.10.1. Company overview
6.3.10.2. Financial performance
6.3.10.3. Product benchmarking
6.3.10.4. Strategic initiatives
6.3.11. Cubert GmbH
6.3.11.1. Company overview
6.3.11.2. Financial performance
6.3.11.3. Product benchmarking
6.3.11.4. Strategic initiatives
6.3.12. EVK DI Kerschhaggl GmbH
6.3.12.1. Company overview
6.3.12.2. Financial performance
6.3.12.3. Product benchmarking
6.3.12.4. Strategic initiatives
6.3.13. Inno-spec GmbH
6.3.13.1. Company overview
6.3.13.2. Financial performance
6.3.13.3. Product benchmarking
6.3.13.4. Strategic initiatives
6.3.14. SPECIM Spectral Imaging Ltd
6.3.14.1. Company overview
6.3.14.2. Financial performance
6.3.14.3. Product benchmarking
6.3.14.4. Strategic initiatives
6.3.15. Diaspective Vision GmbH
6.3.15.1. Company overview
6.3.15.2. Financial performance
6.3.15.3. Product benchmarking
6.3.15.4. Strategic initiatives
1.1. Market Segmentation & Scope
1.1.1. Product
1.1.2. Application
1.1.3. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. GVR’s internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Model Details
1.6.1. Commodity flow analysis (Model 1)
1.6.1.1. Approach 1: Commodity flow approach
1.6.2. Volume price analysis (Model 2)
1.6.2.1. Approach 2: Volume price analysis
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
1.9.1. Objective
1.9.2. Objective
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Modality outlook
2.2.2. End use outlook
2.3. Competitive Insights
CHAPTER 3. EUROPE HYPERSPECTRAL IMAGING MARKET VARIABLES, TRENDS & SCOPE
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Reimbursement framework
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.1.1. Aggressive promotional programs such as conferences, workshops, and symposium
3.4.1.2. Growing usage of hyperspectral imaging in intraoperative application
3.4.1.3. Technological advancements
3.4.1.4. Increasing defense spending with rising global threats
3.4.2. Market restraint analysis
3.4.2.1. High cost
3.4.2.2. Lack of skilled professionals
3.5. Europe Hyperspectral Imaging Market Analysis Tools
3.5.1. Industry Analysis - Porter’s
3.5.1.1. Supplier power
3.5.1.2. Buyer power
3.5.1.3. Substitution threat
3.5.1.4. Threat of new entrant
3.5.1.5. Competitive rivalry
3.5.2. PESTEL Analysis
3.5.2.1. Political landscape
3.5.2.2. Technological landscape
3.5.2.3. Economic landscape
3.5.3. Major Deals & Strategic Alliances Analysis
3.5.4. Market Entry Strategies
CHAPTER 4. EUROPE HYPERSPECTRAL IMAGING MARKET: PRODUCT ESTIMATES & TREND ANALYSIS
4.1. Definitions and Scope
4.1.1. Cameras
4.1.2. Accessories
4.2. Product Market Share, 2018 & 2030
4.3. Segment Dashboard
4.4. Europe Hyperspectral Imaging Market by Product Outlook
4.5. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
4.5.1. Cameras
4.5.1.1. Cameras market estimates and forecast 2018 to 2030 (USD Million)
4.5.2. Accessories
4.5.2.1. Accessories market estimates and forecast 2018 to 2030 (USD Million)
CHAPTER 5. EUROPE HYPERSPECTRAL IMAGING MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
5.1. Definitions and Scope
5.1.1. Military
5.1.2. Remote Sensing
5.1.3. Medical Diagnostics
5.1.4. Machine Vision & Optical Sorting
5.1.5. Others
5.2. Application Market Share, 2018 & 2030
5.3. Segment Dashboard
5.4. Europe Hyperspectral Imaging Market by Application Outlook
5.5. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
5.5.1. Military
5.5.1.1. Military estimates and forecast 2018 to 2030 (USD Million)
5.5.2. Remote sensing
5.5.2.1. Remote sensing market estimates and forecast 2018 to 2030 (USD Million)
5.5.3. Medical diagnostics
5.5.3.1. Medical diagnostics estimates and forecast 2018 to 2030 (USD Million)
5.5.4. Machine vision & optical sorting
5.5.4.1. Machine vision & optical sorting market estimates and forecast 2018 to 2030 (USD Million)
5.5.5. Others
5.5.5.1. Others market estimates and forecast 2018 to 2030 (USD million)
CHAPTER 6. COMPETITIVE LANDSCAPE
6.1. Recent Developments & Impact Analysis, By Key Market Participants
6.2. Company/Competition Categorization
6.2.1. Innovators
6.3. Vendor Landscape
6.3.1. List of key distributors and channel partners
6.3.2. Key customers
6.3.3. Key company market share analysis, 2021
6.3.4. Imec
6.3.4.1. Company overview
6.3.4.2. Financial performance
6.3.4.3. Product benchmarking
6.3.4.4. Strategic initiatives
6.3.5. XIMEA GmbH
6.3.5.1. Company overview
6.3.5.2. Financial performance
6.3.5.3. Product benchmarking
6.3.5.4. Strategic initiatives
6.3.6. Resonon, Inc.
6.3.6.1. Company overview
6.3.6.2. Financial performance
6.3.6.3. Product benchmarking
6.3.6.4. Strategic initiatives
6.3.7. Headwall Photonics, Inc.
6.3.7.1. Company overview
6.3.7.2. Financial performance
6.3.7.3. Product benchmarking
6.3.7.4. Strategic initiatives
6.3.8. Telops Inc.
6.3.8.1. Company overview
6.3.8.2. Financial performance
6.3.8.3. Product benchmarking
6.3.8.4. Strategic initiatives
6.3.9. Corning Incorporated
6.3.9.1. Company overview
6.3.9.2. Financial performance
6.3.9.3. Product benchmarking
6.3.9.4. Strategic initiatives
6.3.10. Norsk Elektro Optikk AS
6.3.10.1. Company overview
6.3.10.2. Financial performance
6.3.10.3. Product benchmarking
6.3.10.4. Strategic initiatives
6.3.11. Cubert GmbH
6.3.11.1. Company overview
6.3.11.2. Financial performance
6.3.11.3. Product benchmarking
6.3.11.4. Strategic initiatives
6.3.12. EVK DI Kerschhaggl GmbH
6.3.12.1. Company overview
6.3.12.2. Financial performance
6.3.12.3. Product benchmarking
6.3.12.4. Strategic initiatives
6.3.13. Inno-spec GmbH
6.3.13.1. Company overview
6.3.13.2. Financial performance
6.3.13.3. Product benchmarking
6.3.13.4. Strategic initiatives
6.3.14. SPECIM Spectral Imaging Ltd
6.3.14.1. Company overview
6.3.14.2. Financial performance
6.3.14.3. Product benchmarking
6.3.14.4. Strategic initiatives
6.3.15. Diaspective Vision GmbH
6.3.15.1. Company overview
6.3.15.2. Financial performance
6.3.15.3. Product benchmarking
6.3.15.4. Strategic initiatives
LIST OF TABLES
Table 1 List of Abbreviation
Table 2 Europe Hyperspectral imaging market, by product, 2018 - 2030 (USD Million)
Table 3 Europe Hyperspectral imaging market, by application, 2018 - 2030 (USD Million)
Table 1 List of Abbreviation
Table 2 Europe Hyperspectral imaging market, by product, 2018 - 2030 (USD Million)
Table 3 Europe Hyperspectral imaging market, by application, 2018 - 2030 (USD Million)
LIST OF FIGURES
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Europe Hyperspectral imaging market: market outlook
Fig. 9 Europe Hyperspectral imaging market competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Europe Hyperspectral imaging market Driver Impact
Fig. 15 Europe Hyperspectral imaging market Restraint Impact
Fig. 16 Europe Hyperspectral imaging market Strategic Initiatives Analysis
Fig. 17 Europe Hyperspectral imaging market: Product Movement Analysis
Fig. 18 Europe Hyperspectral imaging market: Product outlook and key takeaways
Fig. 19 Cameras market estimates and forecast, 2018 - 2030
Fig. 20 Accessories market estimates and forecast, 2018 - 2030
Fig. 21 Europe Hyperspectral imaging market: Application Movement Analysis
Fig. 22 Europe Hyperspectral imaging market: Application outlook and key takeaways
Fig. 23 Military Market Estimates and Forecast, 2018 - 2030
Fig. 24 Remote sensing Estimate and Forecast, 2018 - 2030
Fig. 25 Medical diagnostics Estimate and Forecast, 2018 - 2030
Fig. 26 Machine vision & optical sorting Estimate and Forecast, 2018 - 2030
Fig. 27 Others Estimate and Forecast, 2018 - 2030
Fig. 28 Participant Categorization- Europe Hyperspectral imaging market
Fig. 29 Market share of key market players- Europe Hyperspectral imaging market
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Europe Hyperspectral imaging market: market outlook
Fig. 9 Europe Hyperspectral imaging market competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Europe Hyperspectral imaging market Driver Impact
Fig. 15 Europe Hyperspectral imaging market Restraint Impact
Fig. 16 Europe Hyperspectral imaging market Strategic Initiatives Analysis
Fig. 17 Europe Hyperspectral imaging market: Product Movement Analysis
Fig. 18 Europe Hyperspectral imaging market: Product outlook and key takeaways
Fig. 19 Cameras market estimates and forecast, 2018 - 2030
Fig. 20 Accessories market estimates and forecast, 2018 - 2030
Fig. 21 Europe Hyperspectral imaging market: Application Movement Analysis
Fig. 22 Europe Hyperspectral imaging market: Application outlook and key takeaways
Fig. 23 Military Market Estimates and Forecast, 2018 - 2030
Fig. 24 Remote sensing Estimate and Forecast, 2018 - 2030
Fig. 25 Medical diagnostics Estimate and Forecast, 2018 - 2030
Fig. 26 Machine vision & optical sorting Estimate and Forecast, 2018 - 2030
Fig. 27 Others Estimate and Forecast, 2018 - 2030
Fig. 28 Participant Categorization- Europe Hyperspectral imaging market
Fig. 29 Market share of key market players- Europe Hyperspectral imaging market
