Hyperspectral Imaging Market - Growing Adoption of UAVs to Drive Growth
October 23, 2017 | Business WireEstimated reading time: 3 minutes
Technavio market research analysts forecast the global hyperspectral imaging market to grow at a CAGR of close to 12% during the forecast period, according to their latest report.
The report further segments the global hyperspectral imaging market by application (military and surveillance, food and agriculture, remote sensing, healthcare, machine vision, and others) and by geography (the Americas, APAC, and EMEA).
Technavio analysts highlight the following three market drivers that are contributing to the growth of the global hyperspectral imaging market:
- Increasing use of night vision cameras
- Growing adoption of UAVs
- Increasing number of medical diseases
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Increasing use of night vision cameras
The rise in territorial conflicts across the world is raising security concerns and encouraging the government in different countries to explore modern technologies that offer better safety to the citizens. The increasing demand for secure living premises will lead to an increased demand for night vision camera. The night vision cameras are finding increasing use for uninterrupted surveillance. Smart homes are integrated with technologies that allow to identify and control any break-ins. Hyperspectral imaging helps capture images in a low light intensity and the dark with high precision.
According to Rohan Joy Thomas, a lead analyst at Technavio for embedded systems research, “Night vision cameras are used both in houses and industries that help identify any unusual activities that occur during the night. Hyperspectral images offer precise information related to the specific scene as compared to normal color cameras. With the use of these sensors, a camera can distinguish the objects depending on their spectral features. These factors are enabling the use of hyperspectral imaging in a variety of applications, thus driving the market.”
Growing adoption of UAVs
A UAV is an aircraft without a pilot on board. UAVs can be controlled remotely and can be flown independently based on complex dynamic automation systems or pre-programmed flight plans. UAVs are being used in diverse military fields such as search and rescue operations, reconnaissance, disaster relief, environmental monitoring, border patrol, tracking, and monitoring. UAVs also has application in a handful of civilian and commercial industries such as energy, real estate, mining, construction, agriculture, and news media. Such varied application of UAVs will boost the demand for hyperspectral imaging in the global market.
“The vendors in the market are developing hyperspectral sensors specifically for UAV applications. Hyperspectral imaging sensors are cost-efficient and are expected to become affordable during the forecast period. These sensors were initially developed for defense applications such as ISR and have now been successfully commercialized. Scientists are increasingly using hyperspectral sensors for research purposes as they are affordable,” says Rohan.
Increasing number of medical diseases
The increasing number of chronic diseases is fueling the growth of the hyperspectral imaging in the healthcare industry. With advances in hyperspectral cameras, computational power, and image analysis, these technologies are increasingly being used in different applications in the medical field. Hyperspectral imaging sensors can diagnose non-invasive diseases and surgeries. The absorption, scattering, and fluorescence features of the tissue keep on changing as the diseases progress. Thus, the fluorescent transmitted and reflected light captured by the hyperspectral imaging from the tissues offer quantitative diagnostic data related to tissue pathology. Hyperspectral imaging devices do not emit dangerous rays or any harmful radiation that may harm the equipment operator. Hence, they are very safe to use.
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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