Frost & Sullivan, global market research and consulting company, has ranked VTT's hyperspectral imaging technology as one of the "companies to watch" in their recent report on 2018 Top Information and Communication Technologies. For the report, Frost & Sullivan scanned through more than 1000 technologies, out of which they selected the top 50 and then narrowed those down to a top 10 with the highest innovation index score (high impact and disruption potential), Hyperspectral imaging (Hyperimaging Analytics) being one of them.
Arguments for the selection were, "VTT Technical Research Center of Finland has developed hyper spectral imaging technology that takes advantage of the VNIR wavelengths enabling cost-efficient mobile phones to detect spectral imagery and use AI to interpret data within these images. VTT has also pioneered the launch of the HE world's first visible and SWIR hyperspectral imagers on space CubeSat missions."
Hyperspectral imaging is an extremely accurate method for identifying and distinguishing different materials based on the light reflection properties of chemical compounds. VTT has long roots in the area of research and development of hyperspectral imaging, as early as 1993 VTT researchers, in collaboration with NASA, developed the world's first spectrographic imaging systems for professional airborne use.
Lately, VTT has developed hyperspectral imaging technology with a focus on cost-efficiency and mobility, which enables the introduction of new artificial intelligence applications into consumer devices. Spectral filtering technology takes advantage of the very-near-infrared (VNIR) wavelengths, which even low-cost mobile phone cameras can detect. Artificial intelligence can be used to interpret this environmental spectral data within images, which is not visible to the naked eye.
"Our team's aim is to create societal impact through successful development of spectral sensing and imaging products together with companies. The core technology is capable, on one hand of addressing very demanding measurements in space or agriculture, while, on the other, also having a unique capability to scale to very high manufacturing volumes, and thus enables low-cost sensors with the potential to generate completely new markets for hyperspectral imaging. Our team has actively pursued commercialization by working together with both SMEs and large global companies, whose new products have, in recent years, won awards in top global events of the photonics industry," says Anna Rissanen, who is leading the microspectrometers team at VTT.
According to Frost & Sullivan Hyperspectral Imaging technologies will have compound annual growth rate (CAGR) of 19.5% during the next 5 years, amounting to a market size of 21.9US$ Bn.
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