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Global Hyperspectral Imaging in Agriculture Market

Focus on Product, Application, and Country Analysis - Analysis and Forecast, 2020-2026

 
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The global hyperspectral imaging in agriculture market is expected to reach $56.88 million by 2026, with a CAGR of 11.93% during the forecast period 2021-2026.

Analytik Ltd., BaySpec, Inc., Corning Incorporated, Cubert GmbH, FluroSat, Gamaya, HAIP Solution GmbH, Imec, ImpactVision, Inno-spec GmbH, INO, Malvern Panalytical Ltd, Resonon Inc., Surface Optics Corporation, Teledyne FLIR LLC

Factors driving the growth of the market are Increased Global Food Safety Concerns, increased global food demand, retrieving soil properties, and increased crop failure incidents in conventional farming.

The main challenges restricting the growth of the market are high volume of produced data and high cost of equipment.

The potential opportunities that are likely to boost the growth of the market include Increased Emphasis on Precision Farming and increased emphasis on sustainable development.

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