Hyperspectral Imaging in Agriculture Market is expected to grow with a CAGR of 11.93% by 2026
Hyperspectral imaging in agriculture market in the application segment is dominated by stress detection. Hyperspectral imaging is primarily focused on monitoring crop health and maintaining a better yield.
By: BIS Research
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This technology has promoted many advancements in precision agriculture, which requires more than basic red green blue (RGB) information. Unlike radiography, hyperspectral imaging is a non-destructive, non-contact technology that can be used without damaging the object under analysis. For example, drones with hyperspectral cameras can detect plant diseases, weeds, soil erosion problems, and estimate crop yields. Hyperspectral imaging has been used in agriculture for a wide range of purposes, including estimating crop biochemical properties and biophysical properties for understanding vegetation physiological status and predicting yield, evaluating crop nutrient status, monitoring crop disease, and investigating soil properties.
The global hyperspectral imaging in agriculture market is estimated to be at $28.73 million and reach $56.88 million by 2026. The growth in the global hyperspectral imaging in agriculture market is expected to be primarily driven by increased awareness of the technology in regions where the agricultural industry plays a huge role in the economy of countries such as Asia-Pacific and China.
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Hyperspectral imaging has the ability to address major issues of global food safety and food demand. With better adoption of the technology in the agricultural industry, issues such as crop failure, pathogen attack, and plant stress can be managed. Due to the constant monitoring and control over plant health, the agricultural yield can be efficiently maximized by incorporating hyperspectral imaging in agriculture. Also, with constant monitoring of crops, soil conditions can be improved by reducing pesticide and fertilizer input to the soil to manage soil health.