Press release
Hyper Spectral Imaging Market - Global Industry Analysis and Forecast 2024
“In order to maintain their lead, leading players are mostly focusing on expanding their regional footprint and product portfolio through mergers and acquisitions,” said a lead TMR analyst. Besides this, focusing on product innovation is also considered indispensable for gaining competitive edge. Strategies adopted by established and regional players alike, have a profound impact on the overall market.
Request Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=21251
According to TMR, the global hyper spectral imaging system market, which stood at US$9.12 bn in 2015, is expected to reach US$18.88 bn by the end of 2024. If these figures hold true, the overall market will exhibit a CAGR of 8.4% between 2016 and 2024. Based on end use, the military surveillance and homeland security segment emerged dominant, with a valuation of US$1.86 bn in 2015. However, exhibiting the highest CAGR during the forecast period, the food processing industry will exhibit the highest demand for hyper spectral imaging system. Regionally, North America emerged dominant with a share of 34% in the global market in 2015.
Diverse Industrial Applications of Hyper Spectral Imaging Systems to Aid Growth
Enterprises operating in the market will primarily gain from the expanding industrial applications of hyper spectral imaging system. As per TMR, the application of these systems has expanded across pharmaceutical, forensics, food and agriculture, packaging, automotive, and minerals & mining industries. They are used in detecting missing coating, tablets, and differentiating dope among other applications across the aforementioned industries. Besides this, the increasing use of hyper spectral imaging systems in remote sensing and surveillance will augment the market’s growth.
In the last few years, hyper spectral imaging system successfully forayed into the food processing industry. Its use as an analytical tool for testing quality and safety of packaging foods has gained pace. Spurred by this, the global market is poised to exhibit positive growth in the coming years.
Download TOC : https://www.transparencymarketresearch.com/report-toc/21251
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Hyper Spectral Imaging Market - Global Industry Analysis and Forecast 2024 here
News-ID: 733780 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for Hyper
Key Trends Shaping the Future Hyper Personalization Market From 2025-2034: Advan …
"What Is the Estimated Market Size and Growth Rate for the Hyper Personalization Market?
The market for hyper personalization has swiftly expanded in size within the past few years. The market, which is predicted to swell from $21.79 billion in 2024 to $25.73 billion in 2025, is expected to witness a compound annual growth rate (CAGR) of 18.1%. This impressive growth in the previous years may be credited to factors such…
Hyper-Converged Infrastructure Market : An Overview
Introduction:
Hyper-converged infrastructure (HCI) is a software-defined IT framework that combines storage, computing, and networking into a single system. By consolidating these elements, HCI eliminates the complexity of traditional data centers and enables businesses to operate with greater efficiency. Its ability to integrate seamlessly with cloud environments, reduce operational costs, and enhance scalability makes HCI a cornerstone of modern IT solutions.
Market Size:
Data Bridge Market Research analyzes that the hyper-converged infrastructure market…
Hyper-Converged Infrastructure: Transforming IT Operations
Hyper-Converged Infrastructure (HCI) represents a significant shift in how businesses manage their IT operations. HCI integrates compute, storage, and networking into a single system, streamlining operations and reducing complexities associated with traditional IT architectures. By combining these elements through software-defined solutions, HCI simplifies management, enhances scalability, and lowers operational costs.
HCI is designed to meet the growing demand for more efficient, agile, and cost-effective IT infrastructure. It allows organizations to move…
Hyper Traveler by Allan Banford
Paris, France - April 29, 2023 - Allan Banford, a renowned contemporary artist specializing in fine art and digital art, has announced the release of his bebute children's book, "Hyper Traveler". The book takes readers on a gripping adventure through the unknown, challenging the limits of human understanding and exploring the outer reaches of time.
Hyper Traveler is a thrilling and inspiring tale of a young boy named Kamo who sets…
Global Hyper Converged Infrastructure Market
Hyper-converged infrastructure is a software-based information technology (IT) infrastructure in which several elements of storage and compute components are improved for working together on a single service appliance supported by one single vendor.
Browse Complete Premium Research Report Enabled with Respective Tables and Figures at
https://www.maximizemarketresearch.com/market-report/global-hyper-converged-infrastructure-market/23577/
Global Hyper-Converged Infrastructure Market was valued US$ 3.90 Bn in 2017 and is expected to grow US$ 16 Bn by 2026, at CAGR of 19.3% during forecast…
Hyper Spectral Imaging System Market - Increasing Use of Hyper Spectral Imaging …
Global Hyper Spectral Imaging System Market: Snapshot
The hyper spectral imaging system (HIS) involves collection and processing of data which is collected across an electromagnetic spectrum. Hyper spectral imaging systems enable obtaining spectrum for every pixel in a particular image or a sequence of images. Information provided by hyper spectral imaging systems has huge data access, which facilitates in the identification of an object. The hyper spectral imaging system are used…
