Global Optical Sorter Market by Type (Cameras, Lasers, NIR Sorters, Hyperspectral Cameras & Combined Sorters), Platform (Belt, Freefall, Lane, Hybrid), Application (Food, Recycling, and Mining), and Region - Global Forecasts to 2025
- Report Code : BIZ2261083
- Published On: Jan, 2021
- Category : Semiconductor & Electronics
- Pages : 200
-
Global Optical Sorter Market is valued approximately at USD 1.8 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 10.2% over the forecast period 2020-2027. Optical sorting relies on cameras and sensors to sort grains, plastics, solid products. The driving factors can be attributed to Automation that has enabled manufacturers to reduce errors and work efficiently and thus increasing productivity. With the help of optical sorters manufacturers will be able to speed up the process, maintain hygiene and remove human error. In addition to this, enhanced software features can empower the sensors to sort objects based on color and shape thus, boosting the market for optical sorter. Recent developments in technologies and software systems have enabled optical sorters to influence the yield and product quality. As of October 2020, Key Technology (US) announced VERYX BioPrint digital sorter. This sorter can combine near-infrared (NIR) hyperspectral detection with color cameras. Furthermore, it evaluates a richer set of data about the products it is sorting to enhance detection performance and escalate process yield. However, these equipment are sold at a premium price therefore making it inaccessible for some of the manufacturers.
The regional analysis of global Optical Sorter market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increased disposable income and the rise in the market for packed food and other goods. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. The main factor is the need for automation to increase productivity and quality thus, there would be lucrative growth prospects for the Optical Sorter market across Asia-Pacific region.
Major market player included in this report are:
TOMRA (Norway)
Buhler (Switzerland)
Key Technology (US)
Binder+Co (Austria)
Satake Corporation (Japan)
Allgaier Werke (Germany)
Hefei Meyer Optoelectrionic Technology (China)
TAIHO (China)
Daewon GSI (South Korea)
Cimbria (Denmark)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Cameras
Lasers
NIR Sorters
Hyperspectral Cameras & Combined Sorters
By Platform
Belt
Freefall
Lane, Hybrid
By Application
Food
Recycling
Mining
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Optical Sorter Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Re sellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
-
With tables and figures helping analyze worldwide Global Optical Sorter market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Million)
1.2.1. Optical Sorter Market, by Region, 2018-2027 (USD Million)
1.2.2. Optical Sorter Market, by Type, 2018-2027 (USD Million)
1.2.3. Optical Sorter Market, by Platform, 2018-2027 (USD Million)
1.2.4. Optical Sorter Market, by Application, 2018-2027 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Optical Sorter Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Processing Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Optical Sorter Market Dynamics
3.1. Optical Sorter Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Optical Sorter Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Optical Sorter Market, by Type
5.1. Market Snapshot
5.2. Global Optical Sorter Market by Type, Performance- Potential Analysis
5.3. Global Optical Sorter Market Estimates & Forecasts by Type 2017-2027 (USD Million)
5.4. Optical Sorter Market, Sub Segment Analysis
5.4.1. Cameras
5.4.2. Lasers
5.4.3. NIR Sorters
5.4.4. Hyperspectral Cameras
5.4.5. Combined Sorters
Chapter 6. Global Optical Sorter Market, by Platform
6.1. Market Snapshot
6.2. Global Optical Sorter Market Platform, Performance - Potential Analysis
6.3. Global Optical Sorter Market Estimates & Forecasts by Platform 2017-2027 (USD Million)
6.4. Optical Sorter Market, Sub Segment Analysis
6.4.1. Belt
6.4.2. Freefall
6.4.3. Lane, Hybrid
Chapter 7. Global Optical Sorter Market, Application
7.1. Market Snapshot
7.2. Global Optical Sorter Market by Application, Performance - Potential Analysis
7.3. Global Optical Sorter Market Estimates & Forecasts by Application 2017-2027 (USD Million)
7.4. Optical Sorter Market, Sub Segment Analysis
7.4.1. Food
7.4.2. Recycling
7.4.3. Mining
Chapter 8. Global Optical Sorter Market, Regional Analysis
8.1. North America Optical Sorter Market
8.1.1. U.S Optical Sorter Market
8.1.1.1. Technology breakdown estimates & forecasts, 2017-2027
8.1.1.2. Application Type breakdown estimates & forecasts, 2017-2027
8.1.1.3. Pipeline breakdown estimates & forecasts, 2017-2027
8.1.2. Canada Optical Sorter
8.2. Europe Optical Sorter Snapshot
8.2.1. U.K. Optical Sorter
8.2.2. Germany Optical Sorter
8.2.3. France Optical Sorter
8.2.4. Spain Optical Sorter
8.2.5. Italy Optical Sorter
8.2.6. Rest of Europe Optical Sorter
8.3. Asia-Pacific Optical Sorter Snapshot
8.3.1. China Optical Sorter
8.3.2. India Optical Sorter
8.3.3. Japan Optical Sorter
8.3.4. Australia Optical Sorter
8.3.5. South Korea Optical Sorter
8.3.6. Rest of Asia Pacific Optical Sorter
8.4. Latin America Optical Sorter Snapshot
8.4.1. Brazil Optical Sorter
8.4.2. Mexico Optical Sorter
8.5. Rest of The World Optical Sorter
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. TOMRA (Norway)
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Buhler (Switzerland)
9.2.3. Key Technology (US)
9.2.4. Binder+Co (Austria)
9.2.5. Satake Corporation (Japan)
9.2.6. Allgaier Werke (Germany)
9.2.7. Hefei Meyer Optoelectrionic Technology (China)
9.2.8. TAIHO (China)
9.2.9. Daewon GSI (South Korea)
9.2.10Cimbria (Denmark)
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption
-
The Global Optical Sorter Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.
Report Objectives / Segmentation Covered :
By Companies / players:
By Regions:
By Type:
By Application:
Frequently asked questions(FAQ's):
MI used a variety of industry standards such as NAICS, ICB, TRIC, and others to identify functional players in the industry, which they then shortlist and validate in an iterative process to finalize the most relevant players.
In 2023, the Global Optical Sorter Market share surpassed USD xx million, and between 2024 and 2029, it will grow at a CAGR of yy%.
The Global Optical Sorter Market research study aids businesses in strategic planning so that they may realize and gain business value from their growth strategies.
The Global Optical Sorter study focuses on shifting market dynamics, geopolitical and regulatory regulations, and key players' strategies to carefully analyze demand at risk across multiple industry categories.
