As per the latest report by IMARC Group, titled “Hyperspectral Imaging System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global hyperspectral imaging system market size is expanding at a robust rate. Hyperspectral imaging systems (HIS) are tools that are utilized for diverse applications, such as target discrimination, terrain and vegetation characterization and non-invasive medical-imaging spectroscopy. They combine two-dimensional object visualization for capturing and processing radiation of a broadband source (like the sun) and analyzing hundreds of spectral bands from the ultraviolet through mid-wave infrared regions. They assist in classifying and identifying different elements of a scene that appear indistinguishable in a standard three-color image. Besides this, they also help in measuring the absorption of electromagnetic radiation, reflections and emissions from the object.
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Global Hyperspectral Imaging Systems Market Trends:
HIS is widely used for diagnosing diseases by analyzing the composition and physiology of the cells and tissues in the body. It is also used for detecting the presence of cancerous cells and analyzing the progression of other chronic diseases. These factors, in confluence with the burgeoning healthcare sector, are contributing to the market growth. Besides this, the escalating demand for these imaging systems in unmanned aerial vehicles (UAVs) is also propelling the market growth. Furthermore, industry players are introducing technological advancements in imaging sensors and improvements in spatial resolution to make surveillance, mapping and imaging more effective. Apart from this, other factors, such as extensive research and development (R&D) activities, as well as growing industrial and agricultural applications, are further anticipated to catalyze the market growth in the coming years. Owing to these factors, the market is expected to grow at a CAGR of around 12% during the forecast period (2020-2025).
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