Hyperspectral Imaging Market Size, Share and COVID-19 Impact Analysis, By Platform (Land- covered, Marine covered, and Space- covered), By Component (Camera, Spectrograph, Lens, Sensors, and Others) By Application (Geospatial Data Acquisition, Navigation & Mapping, Defense & Intelligence, Surveillance & Security, and Others) By End User (Government and Defense) and Regional Forecast, 2024-2032

Hyperspectral imaging market is a new analytical method of spectroscopy, which gathers multiple photos for the same spatial area at various electromagnetic spectrum wavelengths. It captures the continuous light spectrum for each image pixel with precise wavelength resolution and organizes the information into a hyperspectral cube. The aerospace and defense sector uses hyperspectral imaging technology for various applications, including remote sensing, target detection, and tracking. The global hyperspectral imaging market is undergoing notable growth, with a substantial CAGR expected during the forecast period leading up to 2032.

Hyperspectral Imaging Systems (HIS) usage for the aerospace and defense industry has considerably increased. This solution supports the immediate real-time input necessary for successful decision-making during any military operation. Also, they enable seamless integration into space research.

Enhanced detection capabilities such as detecting disturbed surfaces (buried I.E.D.s/landmines), camouflages and armored glasses, and improved situation analysis are driving factors of the Aerospace and Defense hyperspectral imaging market. For instance, as per IEEE, at least 25 hyperspectral imagers have already been deployed into space. Furthermore, technological advancements in the aerospace and defense sector to promote hyperspectral imaging applications will encourage more opportunities for this market.

The key restraining factors of the Aerospace & Defense Hyperspectral Imaging Industry is the huge implementation and maintenance costs of the H.S.I. application. For instance, the price of one Optosky SWIR Hyperspectral camera ranging from 400-1000 nm is USD 45,000 to 49,500. Also, acquiring hyperspectral image manufacturing companies in the satellite remote sensing industry is challenging. For instance, Maxar, BlackSky, and Planet want to expand their business to this market.

Impact of Russia- Ukraine War on the Hyperspectral Imaging Market:

The ongoing conflict of the Russia-Ukraine war has positively impacted the Aerospace & Defense Hyperspectral Imaging Market. For instance, National Reconnaissance Office (NRO) planned to launch at least seven satellites during the Russia-Ukraine war and contracted with commercial companies for hyperspectral satellite imagery to check out the war situation efficiently. The Russian invasion of Ukraine highlighted a new sector: I.S.R. (Intelligence, Surveillance, and Reconnaissance) imaging satellites. I.S.R. capabilities can be further enhanced with additional imaging sensors like Synthetic Aperture Rader (S.A.R.) and Radio Frequency (R.F.) sensing, which positively impacted the Aerospace & Defense Hyperspectral Imaging Industry during Russia- Ukraine War.

The hyperspectral imaging market is segmented into four types. By platform, it is segmented into land- covered, marine covered, and space-covered. By component, the market is divided into camera, spectrograph, lens, sensors, and others. Based on application, this market is fragmented into geospatial data acquisition, navigation & mapping, defense & intelligence, surveillance & security and others. Based on of the end user, the market is divided into government and defense. From a geographical view, the market is categorized into North America, Asia Pacific, Europe, and Rest of the World.

Key Findings:

The report will cover the following key findings:

• The report analyzes a detailed industry overview, including qualitative and quantitative information.


• The report analyzes an overview and forecast of the Aerospace & Defense Hyperspectral Imaging Market based on various segments.


• The report also analyzes comprehensive PEST analysis for all four regions, i.e. North America, Europe, Asia-Pacific, and Rest of the World, after evaluating economic, social, political and technological factors affecting the impact of the Aerospace & Defense Hyperspectral Imaging Industry in these regions.

Regional Analysis:

North America holds a maximum Aerospace & Defense Hyperspectral Imaging Market market and is predicted to remain prominent over the forecasted period. As per Stockholm International

Peace Research Institute database, North America has spent USD 850 billion in 2022, which is approximately 39% of the World’s military expenditure, and to purchase only military electronics and technology like integrated circuits, communications, electronic warfare (E.W.), the Department of Defense (DoD) requested USD 9.2 billion only from Congress in 2023.

Key Players Covered:

• Lextel intelligence systems


• Gendex Corporation


• Nanocrystal Imaging


• Corning


• Infrared Imaging


• Leidos


• Maxar Technologies


• NV5 Global


• Ximea


• Orbital Sidekick


• Imec


• Pixxel


• others

Hyperspectral Imaging Market Segmentation:

Key Industry Developments:

• In April 2023, Orbital Sidekick, a space-based hyperspectral intelligence, announced the successful launch of the first satellites in its planned GHOSt (Global Hyperspectral Observation Satellite) constellation. The company secured government contracts to supply H.S.I. data to D.O.D through a partnership with In-Q-Tel, Air Force, and Space Force.


• In March 2023, The National Reconnaissance Office (NRO) signed five years contract with six private firms- BlackSky Technology, HyperSat, Orbital Sidekick, Pixxel, Planet , and Xplore to examine their on-orbit assets and procure data for demonstrations. This agreement followed six commercial R.F. remote sensing study contracts and five military radar contracts.


• In March 2023, U.S. Air Force selected Princeton Infrared Technologies, a specialist in indium gallium arsenide (InGaAs) imaging technology, to develop extended wavelength short-wave infrared (SWIR) for hyperspectral imaging on unmanned systems for filling the gaps in capabilities of the Department of the Air Force (D.A.F.).