Skip to main content

Hyperspectral Imaging in Agriculture Market Future Plans and Opportunity Assessment 2020-2026


Hyperspectral imaging is a technology that has applications in multiple industries such as healthcare, defense, and security. The applications of the technology in the agricultural industry entail a wide range of benefits that can help in reducing global agricultural problems.

The growth in the global hyperspectral imaging in agriculture market is expected to be primarily driven by increased awareness of the technology in regions where the agricultural industry plays a huge role in the economy of countries such as Asia-Pacific and China.

Hyperspectral imaging has the ability to address major issues of global food safety and food demand. With better adoption of the technology in the agricultural industry, issues such as crop failure, pathogen attack, and plant stress can be managed. Due to the constant monitoring and control over plant health, the agricultural yield can be efficiently maximized by incorporating hyperspectral imaging in agriculture. Also, with constant monitoring of crops, soil conditions can be improved by reducing pesticide and fertilizer input to the soil to manage soil health.

A major factor driving hyperspectral imaging in the agriculture market is the increasing crop failure incidents throughout the world. This is primarily caused by the plants being damaged, destroyed, or affected in some way that they fail to form edible fruit, seeds, or leaves in their expected abundance. Crop failure causes a lot of problems and primarily disrupts the supply chain. Through hyperspectral imaging, plant health will be maintained, and crop failure incidents will decrease.

A key challenge for better growth and adoption of hyperspectral imaging in agriculture is the high initial investment. In order to have hyperspectral imaging in the field, specific equipment such as hyperspectral imaging cameras, image processing software, and artificial light sources are required. The high initial investment required for achieving hyperspectral imaging might play a major hindrance in the adoption of technology by small and medium-scale farmers.

Hyperspectral imaging in agriculture is expected to drive the precision agriculture industry. In recent times, high emphasis is put on agricultural digitization. This is required to increase global food production and maximize the yield. By adopting hyperspectral imaging in agriculture, the precision agriculture market would grow, and global food demand can be efficiently managed.

The global hyperspectral imaging in agriculture market is expected to grow more in the coming years with increased emphasis on agricultural digitization. Some of the leading companies operating in the global hyperspectral imaging in agriculture market are Analytik Ltd., BaySpec, Inc., Corning Incorporated, Cubert GmbH, FluroSat, Gamaya, HAIP Solutions GmbH, Imec, ImpactVision, Inc., Inno-spec GmbH, INO, Malvern Panalytical Ltd, Resonon Inc., Surface Optics Corporation, and Teledyne Flir LLC.

Comments

Popular posts from this blog

Chatbots Increasing Efficiency in Healthcare Market

Chatbots are one of the prominent technologies currently being integrated into the healthcare system. The chatbots are not considered as the SaMD (software as medical device) as they do not participate in clinical decision-making process, rather, they act as the personal healthcare assistant as well as the trainer for its users. Click Here To Get Detailed Description of  Chatbots in Healthcare Market The usage of chatbots in the healthcare has gained popularity since 2013, when Babylon Health, the first healthcare chatbot company of the U.K. was launched. The company offered symptom checker chatbot and has started using the same chatbot as a health checker as well. The industry comprises the bot developers, platform providers, content providers, and the interface providers. Since there are no regulatory bodies such as FDA and MHRA directly governing the usage of chatbots, launching the chatbot is convenient for the developers. New start-ups are coming up wit...

Wireless Charging Technology – Analyzing the Market Drivers and Restraints

Wireless charging technology eliminates the use of wires to power devices and enables a device to be charged automatically when placed near a transmitter. The wireless charging technology is however, not new in the world of technology, rather, has been in existence since the late 1800s. With the incorporation of the technology in smartphones, it has been experiencing a massive boost in popularity. Request the Sample @  https://bisresearch.com/requestsample?id=645&type=download According to the latest market intelligence report by BIS Research titled “ Global Wireless Charging Market - Analysis and Forecast (2018-2023) ,” the market was valued at $2.58 billion in 2017 and is projected to grow at a CAGR of 40.97%, during the forecast period and reach $20.97 billion by 2023.  The market is estimated to witness the highest growth in the Asia-Pacific (APAC) region during the forecast period (2018-2023). The wireless charging technology is not only limited to the sm...

Neoantigens Vaccines Can Bridge the Treatment Gap by Training the Immune System to Recognize Tumor Cells

As per BIS Research analysis, the neoantigen cancer vaccine market is projected to reach $1826.1 million by 2030 from $227.1 million in 2023, at a CAGR of 34.69%. Growth in this market is expected to be driven by the ever-rising patient pool of different cancers and significant investment in research for development for cancer neoantigen vaccines to fill in the current treatment gaps. However, there are significant challenges that are restraining the market growth. These challenges include the high cost of therapy (personalized cancer vaccines), manufacturing complications, and lack of therapeutic biomarkers and assays. The market is still at the nascent phase with more than two-thirds of the neovaccines in the early stages of development. However, few neovaccines companies such as OSE Immunotherapeutics, Immunovative Therapeutics, Medigene, and Roche have positioned themselves to launch their neovaccines in the market within the upcoming years. That being said, the neovacc...