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Aarkstore Hyperspectral Imaging Market by Application.pdf

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The “global hyperspectral imaging” technologies market is estimated to grow at a CAGR
Of 12.0% during the forecast period of 2014 to 2019. Although the mature markets (such as
the U.S., Germany, and the U.K.) hold larger shares in the hyperspectral imaging technologies
market, the Asian region is expected to grow at the fastest CAGR of 13.0% during the given
forecast period. The growth of the hyperspectral imaging technologies market is driven by
factors such as increasing adoption of HSI technologies in defense, life science & diagnostics,
and agricultural industries. However, factors such as the need for high investments, high
installation costs, and reimbursement issues may hinder the growth of this market in the
coming years. Moreover, emerging economies such as India and China are creating growth
opportunities for the hyperspectral imaging technologies market in these regions.