Optical Sorter Market Growth Drivers, Emerging Audience, Segments, Sales, Profits & Analysis

Optical Sorter Market Growth Drivers, Emerging Audience, Segments, Sales, Profits & Analysis

Optical Sorter Market Overview

The Optical Sorter Market size was valued at USD 1.9 billion in 2022. The optical sorter industry is projected to grow from USD 2.07 Billion in 2023 to USD 4.17 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.12% during the forecast period (2023 - 2032).

Regional Analysis

North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW) are major regions analyzed for measuring the growth of the global optical sorter market.

North America is expected to take the lead in the market owing to huge demand for food sorting machines in the region. Adoption of laser objection detection systems for increasing recycling operations can bode well for the optical sorter market in the region.

APAC can display a stupendous growth rate over the assessment period owing to demand in India, Japan, and China. Rapid growth of digitization and adoption of intelligent solutions can drive its adoption among large industries.

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Optical Sorter Market Scope

The global optical sorter market size is estimated to reach USD 2 billion by 2023. It can exhibit a CAGR of 10% over the forecast period. The market is expected to thrive owing to use of sorting machines in the food industry. Focus on automation, need for reducing delivery and processing time, and stringent policies pertaining to food safety are other factors driving market demand significantly. Government legislations and policies enforced to prevent the probability of hazards and risks to human health may influence the market. Companies involved in food production are integrating these systems for efficient management of food quality. Environmental awareness of recovery of industrial waste for high productivity and environmental safety can favor the industry.

The COVID-19 pandemic has affected the production of optical sorters, with the market able to sustain itself by 2021. It can face a decline in demand during the period. However, focus on automation can propel the market to new heights. Benefits of optical sorting systems such as increased output, better food quality, and short delivery times can bode well for the market.

Opportunities in new detection technologies and new software for maximizing yields and driving revenues can bode well for the market. Development of intelligent machines that provide intelligence to processors regarding rejections can transform the optical sorter market.

But high capital investments and limited spending budgets of manufacturing companies can limit the market growth.

Optical Sorter Market Segmentation

By type, the market is segmented into hyperspectral cameras, cameras, lasers, combined sorters, near-infrared sorting system, and others. Cameras are estimated to bode well for the market owing to its ability to detect defective products in a line-up. Dichromatic, trichromatic, and monochromatic cameras are employed in assembly lines as per the pressing demands of the industry and detect product defects.

By platform, the optical sorter market is segmented into lane, belt, freefall, hybrid, and others. The belt platform is expected to command a huge demand share over the forecast period owing to its accuracy and low carryover. High performance of optical sorting belts in sorting fresh and frozen foods while lowering the risk of food contamination can drive the segment growth.

Major applications comprise food, mining, recycling, and others. The food application can capture a huge revenue share of the optical sorter market owing to adoption of automated equipment. On the other hand, the mining sector can use sorters for segregating minerals and metals. Hyperspectral cameras are paired with sorters to control the separation of ore in different categories.

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Competitive Scope

CP Manufacturing Inc., SATAKE Group, Key Technology Inc., GREEFA, Bühler Group, National Recovery Technologies, NEWTEC, Sesotec GmbH, Pellenc ST, Allgaier Werke Group, Cimbria Heid GmbH, BINDER GmbH, Raytec Vision S.p.A., TOMRA Systems ASA, and STEINERT Global are notable players of the global optical sorter market.

Industry News

The TOMRA 3A optical sorter was acquired by SCEA Hermant for sorting different vegetables in an orderly fashion. The sorter has belt width of 2.4 meters and possesses the highest capacity of sorting 2500 tons annually.

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TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Platform

3.2 Secondary Research