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The main objective of this report is to define, describe, and forecast the global “Hyperspectral Imaging System” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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North America to influence the Global Hyperspectral Imaging System Market

Global Hyperspectral Imaging System market was dominated by the North America region over the historic period of 2016. Some factors, which are helping to drive the North American Hyperspectral Imaging System market are due to the high rate of adoption of hyperspectral imaging systems in research. Additionally, there is growth in research funding, which in turn help to technological advancements of the existing product, and increasing awareness among people about the benefits of hyperspectral imaging in commercial industries in this region is helping to grow this market in North America.

Growing demand from healthcare and medicine industry is boosting this market

Considering benefits of this technology, there is growing adoption of hyper spectral imaging system in the healthcare and medicine industry. This system assists in the diagnosis of numerous life-threatening diseases. Besides this, it is used in detecting oral medical complicacies without drilling or X-rays. While the global hyper spectral imaging system market is forecast to continue benefiting from benefits the system provides across diverse industrial verticals, the cost of acquiring these systems would remain a major bottleneck.

South Afarican company to deployed high-res camera into space in July 2018

South African company Space Advisory Company (SAC) deployed the highest resolution hyper-spectral camera into a CubeSat. A CubeSat is a miniaturised satellite for space research that is made up of multiples of 10x10x10cm cubic units. CubeSats are commonly put in orbit by deplorers on the International Space Station, or launched as secondary payloads on a launch vehicle.

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Universities and business teams up to create revolutionary crop technology in April 2018

A new type of imaging system for use in agriculture, designed to be less expensive than existing technology and to increase crop yield, is being developed in a partnership between academics and industry. Academics at the University of the West of Scotland (UWS), the University of Strathclyde (UoS) and the James Hutton Institute (JHI), led by Glasgow based product design firm Wideblue, have teamed up to develop a new type of hyperspectral imaging (HSI) system.

Embedded vision cameras with MIPI CSI-2 interface launched by Basler in February 2018

Basler launched a new set of cameras based on the existing dart cameras that feature the MIPI CSI-2 interface for embedded vision applications. The Embedded Vision Camera Modules with MIPI CSI-2 interface will be available for purchase from Arrow Electronics in Q3 this year, said Basler.

Kraken launched AquaPix® Multispectral SAS in May 2018

Kraken Robotics Inc. announced that its wholly owned subsidiary, Kraken Robotic Systems Inc., launched an ultra-wideband acoustic remote sensing system for seafloor imaging and mapping. The AquaPix® Multispectral Synthetic Aperture Sonar (SAS) would be the world’s first commercial SAS to operate over such a wide spectrum, ranging from low audible frequencies to high ultrasonic frequencies.