From GlobeNewswire: 2025-05-29 13:50:00

The global market for hyperspectral imaging is projected to grow from $301.4 million in 2024 to $472.9 million by 2029, with a CAGR of 9.4%. The report analyzes market trends, segments, and regions, highlighting applications in defense and precision farming. Factors driving market growth include remote sensing demand, medical and space use, agriculture, technological advances, and government funding.

Hyperspectral imaging technology is essential for environmental monitoring, agriculture, and urban planning. It is used in medical diagnostics, space exploration, and agriculture for crop health monitoring, disease detection, and resource optimization. Technological advances have improved image quality and processing speed, making hyperspectral imaging more efficient and accessible for various applications.

Government funding supports the development and adoption of hyperspectral imaging, expanding its applications in sectors such as defense, agriculture, and environmental monitoring. The market is driven by the increasing demand for remote sensing technology, adoption in medical care and space exploration, agricultural applications, technological advancements, and government support.

Market leaders in hyperspectral imaging technology include BAYSPEC INC., BRIMROSE CORP., CORNING INC., and NORTHROP GRUMMAN. Emerging startups like Condi Food, Gamaya, and Unispectral offer innovative solutions for analyzing food quality, crop monitoring, and spectral imaging. The report addresses key questions about market size, growth rate, application segments, dominant regions, and market leaders in the hyperspectral imaging industry.



Read more at GlobeNewswire: Hyperspectral Imaging Market to Hit $473M by 2029