Airborne Hyperspectral Imaging Camera Market Size, Share, Growth, and Industry Analysis, By Type (400-1000 nm, 900-1700 nm and Others), By Application (Agriculture, Forestry, Water Protection, Geology and Mining and Others.), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

Airborne Hyperspectral Imaging Camera Market REPORT OVERVIEW

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The global airborne hyperspectral imaging camera market size is USD 56 million in 2022 and market is projected to touch USD 286.48 million by 2031, exhibiting a compound annual growth rate (CAGR) of 19.9% during the forecast period.

The collecting and processing of data from various frequencies of the electromagnetic spectrum using an aerial vehicle, such as a drone, is known as airborne hyperspectral imaging camera (or remote sensing). By gathering spectrum data from a broad region (like a forest) as a collection of images, hyperspectral imaging sensors enable the recognition of objects and materials based on their unique properties (or "spectral fingerprint").

A wide range of electromagnetic spectrum data is gathered and processed through hyperspectral imaging. To locate things, identify materials, or detect processes, airborne hyperspectral imaging camera aims to obtain the spectrum for each pixel in an image of a scene. Spectral imagers can be divided into three different categories. In terms of spatial scanning, there are push broom scanners and their related whisk broom scanners, band sequential scanners (spectral scanning), which collect photographs of a region at several wavelengths, and snapshot hyperspectral imaging, which creates an image instantly using a staring array.

COVID-19 Impact: The COVID-19 Underlying Condition Crippled the Market Growth

Since December 2019, the COVID-19 virus has spread to about numerous nations. The World Health Organization proclaimed it to be a public health emergency. The COVID-19 is already having an influence on the world and will have a major impact on the airborne hyperspectral imaging camera market growth in the long run. The report examines the impact of the outbreak on the airborne hyperspectral imaging camera market share, depending on how the pandemic pans out, the machinery and equipment companies are expected to face threats to their business models as well as significant opportunities for growth and trans-formative change.

LATEST TRENDS

"The Hyperspectral Photography in Diagnosis of Eye Diseases to Attract the Market Share"

In order to assess the effectiveness of hyperspectral photography in the identification of retinopathy and macular edoema before damage to the eye occurs, researchers at the Université de Montréal are collaborating with Photon etc. and Optina Diagnostics. A decrease in oxygen consumption in the retina, a potential illness sign, will be discovered by the metabolic hyperspectral camera. The retina will then be injected by an ophthalmologist to treat any potential damage.

Airborne Hyperspectral Imaging Camera Market SEGMENTATION

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• By Type

Based on type the airborne hyperspectral imaging camera market is classified as 400-1000 nm, 900-1700 nm and Others.

400-1000 nM is the leading part of the type segment.

• By Application

Based on application the airborne hyperspectral imaging camera market is classified as agriculture, forestry, water protection, geology and mining and others.

Agriculture is the leading part of the application segment.

DRIVING FACTORS

"Most Efficient Utilization of the Product in Food Processing to Attract the Market Share"

Hyperspectral imaging, paired with sophisticated software, enables digital sorters (also known as optical sorters) in the food processing sector to identify and remove faults and foreign material (FM) that are undetected to conventional camera and laser sorters. The food processor's goal is to improve the accuracy of flaw and FM removal in order to improve product quality and yields.

The nut industry has been the most advanced in commercializing hyperspectral sensor-based food sorters, with installed systems maximizing the removal of stones, shells, as well as other foreign matter (FM) and extraneous vegetable matter (EVM) from walnuts, pecans, almonds, pistachios, peanuts, and other nuts. In this case, better product quality, low false reject rates, and the ability to handle huge incoming defect loads frequently justify the technology's cost.

"The Product Utilization in the Agricultural Sector to Drive the Market Growth"

The application of hyperspectral remote sensing for agricultural development and health monitoring is growing. The identification of animal proteins in complex feeds to avoid bovine spongiform encephalopathy (BSE), often known as mad-cow disease, is an application in agriculture. Several investigations have been conducted in order to provide alternatives to the standard method of detection (classical microscopy).

RESTRAINING FACTORS

"The Cost and Complexity to Restrain the Market from Product Utilization"

The main drawbacks are expense and complexity. To analyze hyperspectral data, fast computers, sensitive detectors, and vast data storage capacity are required. Because uncompressed hyperspectral cubes are massive, multidimensional datasets that might surpass hundreds of megabytes, significant data storage capacity is required. All of these issues raise the cost of gathering and processing hyperspectral data significantly. One of the challenges for researchers has been figuring out how to program hyperspectral satellites to select through data on their own and transmit only the most critical photos, as transmission and storage of that much data might be challenging and expensive. As a comparatively new analytical tool, hyperspectral imaging has yet to fulfil its full potential.

Airborne Hyperspectral Imaging Camera Market REGIONAL INSIGHTS

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"The North American region to Lead the Market with Presence of Prominent Manufacturers"

The North American region has the largest airborne hyperspectral imaging camera market share, with almost half share of production by North America globally. The market growth is enhanced corresponding to the factors such as implementation and developments of advanced technology in verticals including aerospace, healthcare, automobiles, machinery and other sectors. The increment in the demand of agriculture, forestry, geology, mining, water and environment protection and many more sectors in the North American region results in stimulating the airborne hyperspectral imaging camera market growth.

KEY INDUSTRY PLAYERS

"Prominent Manufacturers to Contribute Towards Expansion of Market"

The report is extensive research which presents the historic and futuristic performance of industry with competitive landscape analysis which incorporates prominent key players, and revenue trends of industry. The report provides substantial analysis of company profiling, growth insights, supply-demand chain, production and consumption demand, business expansion strategies adopted by top key players. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and other factors.

List of Market Players Profiled

• Specim (Finland)
• Cubert (Canada)
• Headwall Photonics (U.S.A)
• IMEC (Belgium)
• Resonon (U.S.A)
• Zolix (China)
• Norsk Elektro Optikk A/S (Norway)
• Corning（NovaSol） (U.S.A)
• Surface Optics (U.S.A)
• ITRES (Canada).

INDUSTRY DEVELPEMENT

• February 2019: The Consultative Committee for Space Data Standards (CCSDS), an organization created by the world's leading space businesses, has approved a standard for lossless and near-lossless compression of multispectral and hyperspectral photographs (CCSDS 123). It uses very little memory and computing resources compared to alternatives such as JPEG 2000 because it is based on NASA's fast-lossless technique.

REPORT COVERAGE

The report anticipates a detailed analysis of the global market size at the regional and national level, the segmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Analysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.