Global Hyperspectral Remote Sensing Market Size, Share, Opportunities And Trends By Type (SWIR, VNIR, Thermal LWIR), By Application (Defense, Research Institutes, Commercial Enterprises), And By Geography - Forecasts From 2019 To 2024

Published: Mar 2020 | Report Code:  KSI061612654 | Pages:  103

Hyperspectral remote sensing which is also known as imaging spectroscopy is a significant breakthrough in remote sensing. It is known as imaging spectroscopy because in this technology imaging is used in combination with spectroscopy in a system. The hyperspectral remote sensing is used by scientists and researchers in regard to detect and identify minerals, man-made materials, their composition and terrestrial vegetation. The hyperspectral remote sensing provides high spatial data from a distance. Thus, this process has many applications and can be used to study atmosphere such as cloud or water vapour properties; data on mineral and various types of soils can also be gathered through this process; it can also be used for observing sub pixel temperatures, smoke, grain size, snow cover fraction, chlorophyll, phytoplankton, and it is also used for agriculture and forest production. The sensors used for hyperspectral imaging are very portable as they are very tiny devices and this miniaturization of such sensors is one of the primary elements which drive their market growth across the globe. Other factors such as growing investments and adoption of hyperspectral imaging in environmental monitoring will also influence the market growth of hyperspectral remote sensors. However, a huge initial investment is required for the total set up of this technology which is one of the main elements which impair the market growth. Geographically, the hyperspectral remote sensing market will witness a high demand from the North America region on account of increasing aerial remote sensing applications and rising investments in the aerospace and defense sector followed by Europe. The increasing adoption of hyperspectral remote sensors across verticals such as defense and government agencies is expected to fuel the market growth across Europe

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the global hyperspectral remote sensing value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.

Major industry players profiled as part of the report are Corning Incorporated, Norsk Elektro Optikk AS, Surface Optics Corporation


By Type



Thermal LWIR

By Application


Research Institutes

Commercial Enterprises

By Geography

North America





South America










Middle East and Africa

Saudi Arabia




Asia- Pacific





South Korea


Key insights offered

What will be the global hyperspectral remote sensing market size from 2017 to 2023?

How are the major drivers and restraints affecting the global hyperspectral remote sensing market growth and the opportunities which exist for key vendors?

Which segment and region will drive or lead the market growth and why?

A comprehensive analysis of competitive landscape and key market participants’ behaviour

Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.

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