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Europe Hyperspectral Imaging Market Business Prospects, Forthcoming Developments and Future Investments by Forecast 2027

Europe Hyperspectral Imaging Market Business Prospects, Forthcoming Developments and Future Investments by Forecast 2027 iCrowd Newswire 04 May 2021, 13:09 GMT+10 Europe hyperspectral imaging market is valued at US$ 2939 in 2020 and it is expected to reach at US$ 5810.6 Mn by 2027, growing at CAGR of 10.4 % during 2021-2027. Factors such as the growing industrial applications of hyperspectral imaging and increasing funding and investments are driving the growth of the Europe hyperspectral imaging systems market. Hyperspectral imaging (HSI) is a combination of activities through which images are captured, and spectral radiance values are assigned to each pixel via various wavelengths of the electromagnetic spectrum under visible and infrared regions. Sensors offer information on hundreds of narrow wavelength bands of the composite. The pixels are sorted & characterized using statistical analysis with the help of a software classifying among the groups of pixels.

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The Worldwide Airborne Optronics Industry is Projected to Reach $2.5 Billion by 2025 at a CAGR of 12.7% from 2020

Share this article Share this article ResearchAndMarkets.com s offering. The global airborne optronics market size is projected to grow from USD 1.4 billion in 2020 to USD 2.5 billion by 2025, at a CAGR of 12.7% from 2020 to 2025. The market is driven by various factors, such as a growing fleet of commercial and combat aircraft and increased deployment of electro-optics in unmanned vehicles. The airborne optronics market includes major players Northrop Grumman Corporation (US), Thales SA (France), Safran (France), FLIR Systems, Inc. (US), and Elbit Systems Ltd. (Israel). These players have spread their business across various countries includes North America, Europe, Asia Pacific, Middle East, Africa, and Latin America. COVID-19 has impacted their businesses as well. Industry experts believe that COVID-19 could affect airborne optronics production and services by 7-10% globally in 2020.

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Hyperspectral Imaging Systems Market Analysis Global Industry Size, Outlook, Growth and Forecast 2020-2025

Hyperspectral Imaging Systems Market Analysis Global Industry Size, Outlook, Growth and Forecast 2020-2025
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Hyperspectral Imaging Systems Market Outlook By Product, Application, Region And Forecast Till 2025

Hyperspectral Imaging Systems Market Outlook By Product, Application, Region And Forecast Till 2025
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