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Europe Hyperspectral Imaging Market Forecast 2021-2028

The Europe hyperspectral imaging market is expected to record a CAGR of 12.54%, during the forecast years of 2021 to 2028. The region's market growth is attributed to, the rising focus on improving product quality, widespread use across sectors such as health care as well as defense, and the increasing need for modern satellite connections (SATCOM).

The Europe hyperspectral imaging market growth is evaluated by analyzing France, Poland, Germany, Belgium, Italy, Russia, the United Kingdom, and the rest of Europe. Italy's hyperspectral imaging market is fueled by the increasing need for security and surveillance, thereby increasing the applications in research and development, and manufacturing, in addition to the augmenting drone market. Moreover, as per the World Bank, the country's research and development expenditure was 1.3991%, in 2018. The market's application primarily includes, dermatology, mineral research, and neurology, and hyperspectral imaging systems are also utilized by food and beverage enterprises to assess food products' quality. These systems are also attached to commercial drones used to monitor the formation of cliffs and terrains.
Aviation is the most developed division of the Russian industry, and is characterized by the need for substantial capital investment. Besides, aviation holds great prominence for the country's development in areas such as economy, defense, and science. As a result, these factors are anticipated to drive the hyperspectral imaging market growth over the forecast period.

The leading companies operating in the region's market include, Specim Spectral Imaging Ltd, Norsk Elektro Optikk AG, Cubert GmbH, Hinalea Imaging (Trutag Technologies), etc.

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