Global Hyperspectral Imaging in Agriculture Market Overview

The Global Hyperspectral Imaging in Agriculture Market size is estimated to reach $52.9 Million by 2026, growing at a CAGR of 10.1% over the forecast period of 2021-2026.

The Global Hyperspectral Imaging Spectral-library of Agricultural Crops (GHISA) is a comprehensive collection and collation of hyperspectral data on agricultural crops, vegetation types, species, development phases, and growing circumstances. Because of the rising emphasis on precision farming worldwide, the industry is growing rapidly.

As a result, growers must employ improved growing methods to enhance their yield and expand production in response to rising global food demand.

Impact of COVID-19 on Hyperspectral Imaging in Agriculture Market

The supply chain for most enterprises throughout the world was interrupted due to the COVID-19 outbreak. It includes the company in Hyperspectral Imaging in Agriculture. Government actions to contain the spread of COVID-19 significantly impacted the worldwide hyperspectral imaging in the agriculture business since equipment manufacturers could not offer equipment suitable for agricultural use.

Key Takeaways from Global Hyperspectral Imaging in Agriculture Market Report:

• Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for a product, applications, and by different industry verticals.
• Understand the market dynamics – key driving factors, challenges, and hidden opportunities.
• Get in-depth insights on your competitor’s performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.
• Analyze the sales and distribution channels across key geographies to improve top-line revenues.
• Understand the industry supply chain with a deep dive on the value augmentation at each step to optimize value and bring efficiencies in your processes.
• Get a quick outlook on the market entropy – M&As, deals, partnerships, product launches of all key players for the past 4 years.
• Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than the top 20 countries globally for the market.

Market Dynamics

Driver: Increasing incidences of crop failure drives the market demand

The main driver of this imaging in agriculture is the rising frequency of crop failure incidents worldwide. This is generally because the plants have been hurt, killed, or otherwise harmed to the point that they cannot produce the expected amount of edible fruit, seeds, or leaves.

Crop loss causes many problems; the most important is supply chain interruption. The worldwide hyperspectral imaging in the agriculture business is expected to grow in the next years, as more focus is placed on agricultural digitalization.

Challenge: High Cost of Hyperspectral Imaging Equipment is set to limit the market growth.

Although hyperspectral imaging is extensively utilized in industry and science. The exorbitant cost and vast commercial installations have rendered it impracticable for most fundamental research.

By product, the market for Camera is estimated to grow at the highest CAGR during the forecast period.

Based on Product, Global Hyperspectral Imaging in Agriculture Market is segmented into Camera, Artificial Light Source, Image Processor and Others. Camera dominated the market in 2020 & is also set to be fastest growing with a CAGR of 11.4% over the forecast period 2021-2026.

These cameras are the primary tools for capturing hyperspectral pictures, and the data gathered by the cameras is then analyzed. Light is caught through a lens and separated into distinct spectrum lengths by a dispersive device such as a prism or diffraction grating in a hyperspectral camera.

By application, the market for Crop Diseases Monitoring is estimated to grow at the highest CAGR during the forecast period.

By Applications, The application sector of hyperspectral imaging in agriculture is dominated by stress detection. The primary goal of hyperspectral imaging is to monitor crop health and maintain a higher output. As a result, plant stress detection is the market’s most popular application.

However, crop diseases monitoring is the fastest growing with a CAGR of 11.1% during the forecast period 2021-2026.

The Asia Pacific to account for the largest market share during the forecast period

North America dominated the Global Hyperspectral Imaging in Agriculture Market share with 35.9% in 2020. This is owing to technological advancements in the North American region. The dominating factor is also because of government support in advance for technologies and the increasing number of players in the area.

However, Asia Pacific is the fastest-growing over 2021-2026.

Key Market Players:

Key Players in Global Hyperspectral Imaging in Agriculture Market consist of Analytik Ltd, BaySpec Inc, Corning Incorporated, Cubert Gmbh, FluroSat, Gamaya, HAIP Solution GmBH, Imec, ImpactVision, Inno-spec GMBH, among others.

Report Coverage and Scope

The report “Global Hyperspectral Imaging in Agriculture Market” by Research Informatic covers an in-depth detailed analysis for the following segments covered under the scope.

By Product

• Camera
• Artificial Light Source
• Image Processor
• Others

By Applications

• Vegetation Mapping
• Crop Diseases Monitoring
• Stress Detection
• Yield Estimation
• Impurity Detection
• Others

Geography

• North America
• Europe
• APAC
• RoW

Global Hyperspectral Imaging in Agriculture Market Growth, Trend and Forecast 2021-2028

Chapter 1 Hyperspectral Imaging in Agriculture Market Overview
1.1 Product Overview and Scope of Hyperspectral Imaging in Agriculture
1.2 Hyperspectral Imaging in Agriculture Market Segmentation by Type
1.2.1 Global Production Market Share of Hyperspectral Imaging in Agriculture by Type in 2020
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
1.3 Hyperspectral Imaging in Agriculture Market Segmentation by Application
1.3.1 Hyperspectral Imaging in Agriculture Consumption Market Share by Application in 2020
1.3.2 Application 1
1.3.3 Application 2
1.3.4 Application 3
1.4 Hyperspectral Imaging in Agriculture Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.5 Global Market Size (Value) of Hyperspectral Imaging in Agriculture (2014-2028)

Chapter 2 Global Economic Impact on Hyperspectral Imaging in Agriculture Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global Hyperspectral Imaging in Agriculture Market Competition by Manufacturers
3.1 Global Hyperspectral Imaging in Agriculture Production and Share by Manufacturers (2020 and 2020)
3.2 Global Hyperspectral Imaging in Agriculture Revenue and Share by Manufacturers (2020 and 2020)
3.3 Global Hyperspectral Imaging in Agriculture Average Price by Manufacturers (2020 and 2020)
3.4 Manufacturers Hyperspectral Imaging in Agriculture Manufacturing Base Distribution, Production Area and Product Type
3.5 Hyperspectral Imaging in Agriculture Market Competitive Situation and Trends
3.5.1 Hyperspectral Imaging in Agriculture Market Concentration Rate
3.5.2 Hyperspectral Imaging in Agriculture Market Share of Top 3 and Top 5 Manufacturers
3.5.3 Mergers & Acquisitions, Expansion

Chapter 4 Global Hyperspectral Imaging in Agriculture Production, Revenue (Value) by Region (2014-2021)
4.1 Global Hyperspectral Imaging in Agriculture Production by Region (2014-2021)
4.2 Global Hyperspectral Imaging in Agriculture Production Market Share by Region (2014-2021)
4.3 Global Hyperspectral Imaging in Agriculture Revenue (Value) and Market Share by Region (2014-2021)
4.4 Global Hyperspectral Imaging in Agriculture Production, Revenue, Price and Gross Margin (2014-2021)
4.5 North America Hyperspectral Imaging in Agriculture Production, Revenue, Price and Gross Margin (2014-2021)
4.6 Europe Hyperspectral Imaging in Agriculture Production, Revenue, Price and Gross Margin (2014-2021)
4.7 China Hyperspectral Imaging in Agriculture Production, Revenue, Price and Gross Margin (2014-2021)
4.8 Japan Hyperspectral Imaging in Agriculture Production, Revenue, Price and Gross Margin (2014-2021)
4.9 Southeast Asia Hyperspectral Imaging in Agriculture Production, Revenue, Price and Gross Margin (2014-2021)
4.10 India Hyperspectral Imaging in Agriculture Production, Revenue, Price and Gross Margin (2014-2021)

Chapter 5 Global Hyperspectral Imaging in Agriculture Supply (Production), Consumption, Export, Import by Regions (2014-2021)
5.1 Global Hyperspectral Imaging in Agriculture Consumption by Regions (2014-2021)
5.2 North America Hyperspectral Imaging in Agriculture Production, Consumption, Export, Import by Regions (2014-2021)
5.3 Europe Hyperspectral Imaging in Agriculture Production, Consumption, Export, Import by Regions (2014-2021)
5.4 China Hyperspectral Imaging in Agriculture Production, Consumption, Export, Import by Regions (2014-2021)
5.5 Japan Hyperspectral Imaging in Agriculture Production, Consumption, Export, Import by Regions (2014-2021)
5.6 Southeast Asia Hyperspectral Imaging in Agriculture Production, Consumption, Export, Import by Regions (2014-2021)
5.7 India Hyperspectral Imaging in Agriculture Production, Consumption, Export, Import by Regions (2014-2021)

Chapter 6 Global Hyperspectral Imaging in Agriculture Production, Revenue (Value), Price Trend by Type
6.1 Global Hyperspectral Imaging in Agriculture Production and Market Share by Type (2014-2021)
6.2 Global Hyperspectral Imaging in Agriculture Revenue and Market Share by Type (2014-2021)
6.3 Global Hyperspectral Imaging in Agriculture Price by Type (2014-2021)
6.4 Global Hyperspectral Imaging in Agriculture Production Growth by Type (2014-2021)

Chapter 7 Global Hyperspectral Imaging in Agriculture Market Analysis by Application
7.1 Global Hyperspectral Imaging in Agriculture Consumption and Market Share by Application (2014-2021)
7.2 Global Hyperspectral Imaging in Agriculture Consumption Growth Rate by Application (2014-2021)
7.3 Market Drivers and Opportunities
7.3.1 Potential Applications
7.3.2 Emerging Markets/Countries

Chapter 8 Hyperspectral Imaging in Agriculture Manufacturing Cost Analysis
8.1 Hyperspectral Imaging in Agriculture Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Price Trend of Key Raw Materials
8.1.3 Key Suppliers of Raw Materials
8.1.4 Market Concentration Rate of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.3 Manufacturing Process Analysis of Hyperspectral Imaging in Agriculture

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1 Hyperspectral Imaging in Agriculture Industrial Chain Analysis
9.2 Upstream Raw Materials Sourcing
9.3 Raw Materials Sources of Hyperspectral Imaging in Agriculture Major Manufacturers in 2020
9.4 Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List

Chapter 11 Market Effect Factors Analysis
11.1 Technology Progress/Risk
11.1.1 Substitutes Threat
11.1.2 Technology Progress in Related Industry
11.2 Consumer Needs/Customer Preference Change
11.3 Economic/Political Environmental Change

Chapter 12 Global Hyperspectral Imaging in Agriculture Market Forecast (2021-2028)
12.1 Global Hyperspectral Imaging in Agriculture Production, Revenue Forecast (2021-2028)
12.2 Global Hyperspectral Imaging in Agriculture Production, Consumption Forecast by Regions (2021-2028)
12.3 Global Hyperspectral Imaging in Agriculture Production Forecast by Type (2021-2028)
12.4 Global Hyperspectral Imaging in Agriculture Consumption Forecast by Application (2021-2028)
12.5 Hyperspectral Imaging in Agriculture Price Forecast (2021-2028)

Chapter 13 Appendix