The Global Hyperspectral Imaging Systems Market is expected to grow with a CAGR of 17.6% in the forecast period of 2021 to 2028. The years considered for the study are as mentioned below:

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The global hyperspectral imaging systems market is a highly consolidated market, including a specific number of key players. The market has witnessed increased strategic developments owing to favorable market scenarios.

The major players in the global hyperspectral imaging systems market are introducing a strong range of product providers, launching new products, and adopting strategic initiatives such as acquisition, agreement, business expansion, award, and recognition. This helped companies to maximize sales with an enhanced product portfolio.

For instance,

• In January 2018, Imec VZW announced the launch of its second-generation high-speed SNAPSCAN hyperspectral imaging camera. The new hyperspectral camera used an ultrasonic speed piezo motor stage and innovative software to acquire high-resolution hyperspectral images in less than 200ms. This enabled the company’s partners to develop consistent spectral libraries and customized solutions faster than ever possible before, and this for a wide range of new applications in the medical market

Imec VZW is the dominating player in the global hyperspectral imaging systems market. The other key players existing in the market are Corning Incorporated, HORIBA, Ltd, Hamamatsu Photonics K.K., Thorlabs, Inc., BaySpec, Inc., Brandywine Photonics LLC, ChemImage Corporation, Cubert GmbH, CytoViva, Inc., Diaspective Vision, Headwall Photonics, Inc., Hinalea Imaging, HyperMed Imaging, Inc., Inno-Spec GmbH, LLA Instruments GmbH & Co. KG, Norsk Electro Optik AS, Photon Etc. Inc, Physical Sciences Inc., Raptor Photonics, Resonon Inc., SPECIM, SPECTRAL IMAGING LTD., STEMMER IMAGING AG, Surface Optics Corporation, Teledyne Digital Imaging Inc. (A Subsidiary of Teledyne Technologies Incorporated), Telops, XIMEA Group, and others.

Imec VZW

Imec VZW was founded in 1984, is headquartered in Leuven, Belgium. It has private ownership. The company offers innovative solutions in nanoelectronics and digital technologies built on the expertise of design and low volume manufacturing in domains such as healthcare, smart cities and mobility, logistics, manufacturing, and energy. The company has several product categories, including Hyperspectral Imaging, Neuropixels of which Hyperspectral Imaging is the market-focused category.

For instance,

• In January 2018, Imec VZW announced the launch of its shortwave infrared (SWIR) range hyperspectral imaging camera. The new product provided discriminatory information on all kinds of materials, paving the way to hyperspectral imaging applications in food sorting, waste management, machine vision, precision agriculture, and medical diagnostics. With this, the company was able to leverage its core capabilities in optical filter design and manufacturing to extend its offering into the SWIR range

The company has a wide presence across Europe, North America, Asia-Pacific.

Corning Incorporated

Corning Incorporated was founded in 1936 and had headquarters in New York, U.S. It has public ownership. The company is involved in innovations in material science and has expertise in glass science, ceramic science, and optical physics with deep manufacturing and engineering capabilities. The company has various business segments such as Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, Life Sciences, amongst which Specialty Materials is the market-focused segment. The company has product categories which are Advanced Optics, Corning Gorilla Glass, Display Glass, Environmental Technologies, Life Sciences, Optical communications, Pharmaceutical Technologies, in which Advanced Optics is the market-focused category.

For instance,

• In April 2019, Corning Incorporated announced the installation of its hyperspectral sensor in the Orbital Sidekick’s International Space Station Hyperspectral Earth Imaging System Trial (ISS-HEIST) platform. The sensor was able to take incoming light reflected off surfaces and divides it into color bands not visible to the human eye. This opened opportunities for the company products in applications such as disaster monitoring, defense, agriculture, and infrastructure sectors

The company has a presence in the Americas, Asia-Pacific, Europe, Middle East and Africa. The company also has various subsidiaries such as Alliance Fiber Optic Products, Inc (U.S.), Corning Automotive Glass Solutions (Hefei) Co., Ltd. (China), Corning International Corporation (U.S.), Corning International K.K. (Japan), Corning Optical Communications GmbH & Co. KG (Germany).

HORIBA, Ltd

HORIBA, Ltd, has headquarters in Kyoto, Japan, and it was founded in 1945. It has public ownership. The company manufactures a range of scientific analyzers and measuring equipment used in the semiconductor industry. The company offers various business segments such as Automotive, Process and Environmental, Scientific, Semiconductor, Medical Diagnostics, of which Scientific is the market-focused segment. The company operates in Automotive, Medical, Process and Environmental, Semiconductor, Scientific, Water, and Liquid product and service categories, of which Scientific is the market-focused category.

For instance,

• In October 2020, HORIBA, Ltd announced the launch of a combined product using leading technology from CytoViva, Inc. The company made the Raman analysis faster and more powerful by combining HORIBA’s Raman microscopes with CytoViva’s Hyperspectral Imaging (HSI) microscopy module and Enhanced Darkfield (EDF) illumination. The company was able to cater to the interests for applications related to nanomaterials research, drug delivery, nanotoxicology studies, and SERS nanoparticles characterization by these products

The company has a presence across the Americas, Asia-Pacific, Europe. It has various subsidiaries such as HORIBA Jobin Yvon SAS (U.S.), MIRA Ltd. (U.K.), Horiba ABX S.A. (France), HORIBA Automotive Test Systems GmbH (Japan), HORIBA India Private Ltd. (India), among others.