Optical Sorter Market: Global Industry Analysis and Forecast (2023-2029)

Optical Sorter Market was valued at US$ 2.58 Bn. in 2022. Global Optical Sorter Market size is estimated to grow at a CAGR of 9.66%.
Optical Sorter Market Overview:
The optical sorter is an automated process, which helps to user to sort solid products using cameras and or lasers or sensors and software-driven intelligence of the image processing system. It also helps to recognize colour, size, shape, structural properties, and chemical composition of object.

Optical sorter technology has revolutionized a broad range of applications in recycling, mining, food and others. Also, sorter -based solutions are ingrained in a broad array of industries with product type like lasers, NIR sorters, cameras, and hyper spectral cameras & combined sorters. The adoption of the Optical sorter process has increased primarily by improvements in their output power levels, cost, and superior performance and greater reliability.To know about the Research Methodology :- Request Free Sample Report

Key players operating in the optical sorter market are adopting various organic and inorganic growth strategies like mergers & acquisitions, collaborations, expansion, diversification to gain a competitive edge in the market. Also, some of the prominent key players are partnering to other company to develop innovative solutions. For instance, 2021, Machinex has partnered with RDT Engineering, Re. Group, and SRWRA to integrate automation process in the MRF.
Optical Sorter Market Dynamics:
An increase in initiatives by the government and regulatory bodies for strict standards of food quality are expected to increase the demand for optical sorters. Additionally, the requirement for removing the delivery & processing time is one of the key factors, driving the market. Optical sorting assists to improve product quality, maximize throughput over manual sorting method. An introduction of new hardware and software components are increasing the utility of optical sorting systems, which are generating key opportunities in multiple end-user industries. Key players operating in the market are focusing on integration of automation to increase productivity in various industries, mainly in food industry for food processing activities.

An increase in wages of the manual workforce across countries and stringent government regulations are expected to drive the market growth. Despite the many benefits, volatility and disruption in the capital and credit markets, government economic policies, negative economic conditions, and volatile corporate profits are some of the factors, which are expected to limit the market growth. In the mining sector, with the applications of many machineries, the adoption of sensor-based sorting solutions are increasing at rapid rate. Technological developments & innovations in the mineral sorting developments by NIR detection technology delivers the successful separation of the minerals. An increase in usage infrared imaging technology to scan the chemical & biological construction of the mineral & offers high reliability & accuracy in mineral sorting procedures that drive the market.
Optical Sorter Market Segment Analysis:
Food Industry: Contribute Major Share in the Market

Many food safety systems, legislation, & controls have established for monitoring the microbiological & chemical hazards to decrease the risks to customers’ health. Numerous government regulatory bodies are starting a food safety plan, which will help in the traceability of food items at every stage counting processing, production, & distribution. Food manufacturing key players are focusing on procurement of food products to implement the control & observing unit for the management of the food element quality. The optical sorting technique helps to food companies to enhance the efficiency of the business operation & separate the inferior-quality materials.

Optical sorting assist to sort various food commodities including agricultural seeds, grains, nuts, coffee, confectionery products, fruit, meat, and seafood, etc. It also helps the food industry to significantly reduce the risk of contamination and increasing food safety on the production line, food processors. The global demand for meat is increasing at rapid rate. The rise in demand and the production of meat creates a direct demand for optical sorter units to maintain the food quality and standards.

The optical sorter recycling technology supports in automation process, which present clean commodity recovery, growing throughput, & dropping labor costs. An increase in consciousness about the recovery of the industrial excess to confirm high productivity & environmental safety is pouring adoption of the technology in waste recycling plants. Numerous industries are collecting, managing, & processing their industrial trashes to gain the maximum usage of the material & the resources. Firms are starting separate recycling plants where the process of recuperating the hazardous materials & elements. Key companies are emerging advanced solutions to provide effective & reliable technologies for supporting the recycling operations.

The Hyperspectral cameras in the market are expected to witness to grow at a 11.45% rate of CAGR by 2029. It has extensively used & applied on account of rising need to solve previously impossible sorting tasks. Manufactures are emerging a new generation of systems that feature hyperspectral & multispectral imaging systems. Hyperspectral cameras are parallel to trichromatic cameras and gather information from the electromagnetic spectrum. They are gradually being applied for quality control, sorting, & recycling applications. In the food industry, the sorting technology has many applications because of the rising need for the inspection of the properties of food. Some manufacturers are now applying multispectral imaging systems, which is the market demand for hyperspectral cameras.
Optical Sorter MarketRegional Insights:
Asia Pacific optical sorter market is projected to be leading region in the global market. The growth in the market is driven by adoption of intelligent solutions & fast development in digitalization. The integration of AI technology into the equipment is giving companies features like advanced analytics, monitoring, & automation of the processes. Companies are involved in emerging the AI-based sorting technology to offer effective & intelligent solutions for the industrial operations & processes. Optical sorter for freefall platforms is expected to hold the dominant position during the forecast period. Freefall-based platforms are most suitable for foods.

The objective of the report is to present a comprehensive analysis of the global Optical Sorter Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Optical Sorter Market dynamic, structure by analyzing the market segments and projecting the Optical Sorter Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Optical Sorter Market make the report investor’s guide.
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Global Optical Sorter Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 2.58 Bn.


Forecast Period 2023 to 2029 CAGR:
9.66%
Market Size in 2029:
US $ 4.93 Bn.


 Segments Covered:
by Product Type
Lasers
NIR Sorters
Cameras
Hyper spectral Cameras & Combined Sorters


by Platform
Freefall
Lane
Belt
Hybrid


by Application
Recycling
Mining
Food
Others



Optical Sorter Market by Region
Global Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players are:
1. Buhler
2. BINDER+CO
3. Tomra
4. Key Technology
5. Allgaier Werke
6. Satake
7. CP Manufacturing
8. Cimbria
9. Greefa
10.Pellenc ST
11.Newtec
12.National Recovery Technologies
13.Raytec Vision
14.Steinert
15.Sesotec
16.Machinex
17.Aweta
18.Unitec
19.Hefei Taihe Intelligent Technology Group
20.Allgaier Werke

Frequently Asked Questions:

1] What segments are covered in the Optical Sorter Market report?
Ans. The segments covered in the Optical Sorter Market report are based on product type, platform and application.

2] Which region is expected to hold the highest share in the Optical Sorter Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Optical Sorter Market.

3] What is the market size of the Optical Sorter Market by 2029?
Ans. The market size of the Optical Sorter Market by 2029 is US$ 4.93 Bn.

4] What is the forecast period for the Optical Sorter Market?
Ans. The forecast period for the Optical Sorter Market is 2023-2029.

5] What was the market size of the Optical Sorter Market in 2022?
Ans. The market size of the Optical Sorter Market in 2022 was US$ 2.58 Bn.