The growth of Hyperspectral Image (HSI) analysis is due to technology advancements that enable cameras to collect hundreds of continuous spectral information of each pixel in an image. HSI classification is challenging due to the large number of redundant spectral bands, limited training samples and non-linear relationship between the collected spatial position and the spectral bands. Our survey highlights recent research in HSI classification using traditional Machine Learning techniques like kernel-based learning, Support Vector Machines, Dimension Reduction and Transform-based techniques. Our study also digs into Deep Learning (DL) techniques that involve the usage of Autoencoders, 1D, 2D and 3D-Convolutional Neural Networks to classify HSI. From the comparison, it is observed that DL-based classification techniques outperform ML-based techniques. It has also been observed that spectral-spatial HSI classification outperforms pixel-by-pixel classification because it incorporates spectral signatures and spatial domain information. The performance of ML and DL-based classification techniques has been reviewed on commonly used land cover datasets like Indian Pines, Salinas valley and Pavia University.