Canada Hyperspectral Imaging Systems Market Size & Outlook

The hyperspectral imaging systems market in Canada is expected to reach a projected revenue of US$ 1,229.8 million by 2030. A compound annual growth rate of 9.3% is expected of Canada hyperspectral imaging systems market from 2024 to 2030.
Revenue, 2023 (US$M)
$660.3
Forecast, 2030 (US$M)
$1,229.8
CAGR, 2024 - 2030
9.3%
Report Coverage
Canada

Canada hyperspectral imaging systems market, 2018-2030 (US$M)

Canada

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Canada hyperspectral imaging systems market highlights

  • The Canada hyperspectral imaging systems market generated a revenue of USD 660.3 million in 2023 and is expected to reach USD 1,229.8 million by 2030.
  • The Canada market is expected to grow at a CAGR of 9.3% from 2024 to 2030.
  • In terms of segment, camera was the largest revenue generating product in 2023.
  • Camera is the most lucrative product segment registering the fastest growth during the forecast period.

Hyperspectral imaging systems market data book summary

Market revenue in 2023USD 660.3 million
Market revenue in 2030USD 1,229.8 million
Growth rate9.3% (CAGR from 2023 to 2030)
Largest segmentCamera
Fastest growing segmentCamera
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationCamera, Accessories
Key market players worldwideCorning Inc, Konica Minolta Inc, imec, SPECIM, Resonon, Headwall Photonics, Telops, Norsk Elektro Optikk, Surface Optics Corporation, BaySpec, HAIP Solutions, XIMEA

Other key industry trends

  • In terms of revenue, Canada accounted for 4.7% of the global hyperspectral imaging systems market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. hyperspectral imaging systems market is projected to lead the regional market in terms of revenue in 2030.
  • U.S. is the fastest growing regional market in North America and is projected to reach USD 8,788.5 million by 2030.

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Hyperspectral Imaging Systems Market Companies

Name Profile # Employees HQ Website

Canada hyperspectral imaging systems market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hyperspectral imaging systems market will help companies and investors design strategic landscapes.


Camera was the largest segment with a revenue share of 71.68% in 2023. Horizon Databook has segmented the Canada hyperspectral imaging systems market based on camera, accessories covering the revenue growth of each sub-segment from 2018 to 2030.


  • Canada Hyperspectral Imaging Systems Product Outlook (Revenue, USD Million, 2018-2030)
    • Camera
    • Accessories
  • Canada Hyperspectral Imaging Systems Technology Outlook (Revenue, USD Million, 2018-2030)
    • Snapshot
    • Push Broom
    • Others
  • Canada Hyperspectral Imaging Systems Application Outlook (Revenue, USD Million, 2018-2030)
    • Military Surveillance
    • Remote Sensing
    • Medical Diagnostics
    • Machine Vision & Optical Sorting
    • Others

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  • Our clientele includes a mix of hyperspectral imaging systems market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada hyperspectral imaging systems market , including forecasts for subscribers. This country databook contains high-level insights into Canada hyperspectral imaging systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Canada hyperspectral imaging systems market size, by product, 2018-2030 (US$M)

Canada Hyperspectral Imaging Systems Market Outlook Share, 2023 & 2030 (US$M)

Canada hyperspectral imaging systems market size, by product, 2018-2030 (US$M)

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