Hyperspectral Imaging Market Size, Share, Growth Analysis, By Type (Cameras and accessories), By Technology (Pushbroom/Line Scan, Snapshot), By Wavelength (Visible & NIR, SWIR), By End-user (Food and agriculture, healthcare), By Region - Industry Forecast 2024-2031

North America is projected to account for a dominant global hyperspectral imaging market share going forward. Extensive use of hyperspectral imaging in military and defense applications and healthcare applications is projected to help this region maintain its dominant stance on a global level. High investments in military and defense industry, growing use of hyperspectral imaging in aerospace and surveillance applications, and presence of key hyperspectral imaging providers are also helping this region hold sway over others. The United States is projected to lead the demand for hyperspectral imaging in this region followed by Canada through 2031.  

Meanwhile, the demand for hyperspectral imaging in the Asia Pacific region is estimated to expand at a rapid CAGR over the coming years. Growing investments in the development and adoption of advanced imaging technologies, rising emphasis in military and defense modernization, and healthcare infrastructure development are slated to be key factors helping Asia Pacific emerge as the most opportune market in the world. India, Japan, China, and South Korea are slated to be the prime adopters of hyperspectral imaging in this region and most lucrative markets for hyperspectral imaging companies.