INTRODUCTION
2.2 ARRIVING AT THE HYPERSPECTRAL IMAGING MARKET SIZE
2.2.1 TOP-DOWN APPROACH
• The HSI market has been segmented on the basis of geography as North America , Europe , Asia , and Rest of the World ( RoW ). An in-depth primary research was conducted where thought leaders , industry experts , industry practioners , research organizations , distributors , and manufacturers were interviewed to understand the usage pattern , product penetration , average selling price ($), price trends , competitive landscape , market size ($ million ), and value distribution of the total hyperspectral imaging market into the major regions . Core secondary research was conducted to gather data from public sources , government databases , educational institutes , research centers , annual reports , SEC filings , journals , news articles , magazines , and investor presentations . Descriptive , predictive , and epidemiological studies were conducted to analyze the data gathered to derive the percentage split of value of the hyperspectral imaging market .
• FIGURE 3
TOP-DOWN APPROACH
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• Sources : Secondary Research , White papers , Company Annual Reports , Press Releases , and MarketsandMarkets Analysis
2.2.2 BOTTOM-UP APPROACH
• In our bottom up approach , we encompass the most critical and important metrics often used by executives in an industry to plan out the strategies-company shares and company reported revenues . This approach combines primary surveys , vendor briefings with secondary research such as public financial disclosures , industry trade association material , key insights of the markets mentioned in investor presentations , annual reports , and government statistics . Revenues of major manufacturers in the North American , European , and Asian hyperspectral imaging market were analyzed ; based on primary and other qualitative inputs gathered from secondary sources , the percentage splits were applied to derive the revenue for the HSI market in North America , Europe , and Asia .
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