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Asia Pacific Hyperspectral Imaging Market Forecast 2021-2028

KEY FINDINGS
The Asia Pacific hyperspectral imaging market is anticipated to project a CAGR of 13.92% over the forecast period of 2021 to 2028. The region's primary market growth drivers are, the surging need for research and development within the health care sector, and a large number of manufacturing enterprises and businesses in developing nations.

MARKET INSIGHTS
The Asia Pacific hyperspectral imaging market is assessed by analyzing Thailand, Japan, India, Vietnam, Indonesia, South Korea, Australia & New Zealand, China, and the rest of the Asia Pacific. India actively utilizes hyperspectral technology for diverse surveillance and remote sensing purposes. For instance, the India Space Research Organization (ISRO) launched the first India hyperspectral imaging satellite (HYSIS), in 2018. The satellite's projected uses include applications associated with forestry, agriculture, geology, environmental studies, and the analysis of coastal zones. Moreover, ISRO is anticipated to launch the GISAT-1, over the upcoming years. The satellite would potentially offer spectral signatures for mineralogy, agriculture, disaster warning, oceanography, snow, cloud properties, and glaciers.
On the other hand, Indonesia is among the most significant palm oil producers, accounting for nearly 90% of the global palm oil production. For instance, in 2016, the country manufactured at least 36,000,000 metric tons of palm oil. Indonesia has also depicted substantial growth in its production, over recent years. The development is accredited to the nation's export figures and rapid production rates, in addition to the surging quantity of palm oil estate area. As a result, these factors are expected to propel the market growth, over the forecast period.

COMPETITIVE INSIGHTS
Prominent enterprises operating in the market include, Applied Spectral Imaging Inc, Cubert GmbH, Hinalea Imaging (Trutag Technologies), XIMEA, Resonon Inc, etc.

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Asia Pacific Hyperspectral Imaging Market Forecast 2021-2028
Published By :Inkwood Research
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