Global Optical Sorter Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
This report was compiled by Correspondence Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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"Global Optical Sorter Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global optical sorter market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global optical sorter market report has been segmented on the basis of product, platform, application, and region.
Overview
Optical sorter is a part of an automated process system used for sorting solid products and waste products using sensors, cameras, or laser systems, and image processing software. Optical sorters are used to identify and separate different materials such as glass, food, wood, plastics, etc.
Dynamics
Rising adoption of automated processing systems so as to reduce processing and delivery time is a major factor driving growth of the global optical sorter market. In addition, stringent government regulation regarding food safety is another factor fueling growth of the global market. Moreover, rising demand for sorting systems from recycling industry is another factor expected to propel growth of the global market to a certain extent in the global market during the forecast period.
High initial investment is a factor hampering growth of the global optical sorter market to a certain extent currently. However, technological advancements towards development of efficient optical sorting systems equipped with advance sensors, lenses, and cameras, for better and quicker picking, sorting, and recovering materials is a factor expected to create lucrative opportunities for major vendors in the global market during the forecast period.
Segment Analysis
On the basis of application, the global market is segmented into food, recycling, and mining. The food segment accounts for highest share in terms of revenue in the global market; the recycling segment is expected to witness significant revenue growth in the global market during the next 10 years.
Regional Analysis
The North America market accounts for highest revenue share in the global optical sorter market and is expected to continue its dominance in the global market during the forecast period. Stringent government regulation for food safety and rising demand from food and waste recycling industries are major factors driving growth of the North America optical sorter market currently.
The Europe optical sorter market is expected to witness significant revenue growth and is projected to register a CAGR of X.X% over the forecast period. The Asia Pacific optical sorter market is expected to witness highest growth in terms of revenue in the global market and is projected to register a CAGR of XX.X% during the forecast period. Increasing adoption of automated food processing and packaging systems and rapid development in food and waste management industries in countries in the region are key factors fueling growth of the Asia Pacific optical sorter market.
Global Optical Sorter Market Segementation:
Segmentation on the basis of product:
- Cameras
- Lasers
- NIR Sorters
- Hyperspectral Cameras & Combined Sorters
Segmentation on the basis of platform:
- Belt
- Freefall
- Lane
- Hybrid
Segmentation on the basis of application:
- Food
- Recycling
- Mining
Segmentation on the basis of region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- Allgaier Werke GmbH
- A/S Cimbria
- Tomra Systems ASA
- Binder+ Co AG
- Buhler Group AG
- Newtec A/S
- CP Manufacturing, Inc.
- GREEFA Italia GmbH
- Key Technology, Inc.
- National Recovery Technologies, LLC
- Raytec Vision SpA
- Satake Corporation
- Sesotec GmbH
- Steinert GmbH