Optical Sorter Market Size, Share, Outlook and Forecast Report 2023

Press Release   •   Jan 23, 2018 03:23 EST

Study papers on Optical Sorter market and regional forecast. Optical Sorter market players are TOMRA (Norway), Buhler (Switzerland), Key Technology (US), Binder (Austria), Satake (US), Allgaier Werke (Germany), Cimbria (Denmark), CP Manufacturing (US), GREEFA (Netherlands), NEWTEC (Denmark), National Recovery Technologies (US), Pellenc ST (France), Raytec Vision (Italy), Sesotec (Germany), and STEINERT (Germany).

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optical sorter market is expected to be worth USD 1.63 billion in 2017 and is expected to reach USD 2.87 billion by 2023, at a CAGR of 9.8% between 2017 and 2023. Growing focus on automation to increase productivity in various industries and the increasing need to reduce process and delivery time in the food industry are key factors contributing to the growth of the optical sorter market during the forecast period.

Target Audience:

  • Component and material providers
  • Optical sorter manufacturers and suppliers
  • Research organizations and consulting companies
  • Associations, alliances, and organizations related to optical sorters
  • Analysts and strategic business planners
  • End users of optical sorters across various industries such as food, recycling & waste management, and mining

The optical sorter market in APAC is expected to grow at the highest CAGR between 2017 and 2023.In APAC, industries are focusing on automation to increase productivity and quality. Growing automation in the application areas of the market is also expected to create demand for optical sorters in this region. Other concerns supporting the adoption of automation in APAC countries include labor shortage and increasing labor costs.

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The market for hyperspectral cameras and combined sorters is expected to grow at the highest CAGR between 2017 and 2023.This technology increases FM and/or EVM removal, often achieving efficiency with very low false reject rates. Hence, hyperspectral and combined sorters are expected to create opportunities in food and recycling applications in the coming years.

Food application held the largest share of the optical sorter market in 2016.The growing demand for high-quality food products with shorter delivery cycles and growing automation are major factors driving growth in this application segment.

Optical Sorter Market, By Platform

1 Introduction
2 Belt
3 Freefall
4 Lane
5 Hybrid

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The report defines, describes, and forecasts the optical sorter market on the basis of type, platform, application, and geography. It provides detailed information regarding major factors influencing the growth of the optical sorter market (drivers, restraints, opportunities, and industry-specific challenges). It also analyzes competitive developments such as product launches and developments, collaborations, agreements, contracts, partnerships, acquisitions, and expansions carried out by key players to grow in the market.

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