Report Id: SNS/SEMI/1625 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Optical Sorter Market Size was valued at USD 2.3 billion in 2021 and is expected to reach USD 4.6 billion by 2028, and grow at a CAGR of 10.1% over the forecast period 2022-2028.
Using laser beams and a camera, the process of sorter solid products with a dedicated system set is called an optical sorter. This automatic filter helps to filter out a number of foods such as seafood, meat, whole grains, fruits, sour bread, coffee, and agricultural seeds. Not only does it contain food, but it also helps to recycle materials such as paper, metal, natural waste, plastic, and other compounds such as mining metals and industrial minerals. Applying this filtering method reduces labor costs.
Increasing focus on automation for increasing productivity.
Food processing activities are being more widely adopted in the food Industry.
Huge initial capital investment for application of sorting system.
Technological advancements in detection and simplicity of use.
Rising demand for optical sorters.
Sorting plastic waste is more difficult.
IMPACT OF COVID-19:
COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption.
The global epidemic of COVID 19 has affected a large number of people. Many people have lost their lives as a result of this global epidemic. It has affected the flexibility and growth of several industries. During the closure period, various industrial operations of end users were suspended which led to a reduction in the market demand for optical sorter which resulted in a decrease in sales revenue. Supply chain networks are also disrupted which has led to a decline in interest rates.
However, the optical sorter market is expected to recover from this global epidemic by strategizing according to market needs.
By Type, the Optical Sorter market is divided into Cameras, Near-Infrared, Lasers, Hyperspectral cameras & Combined Sorters, among Other, Hyperspectral cameras & Combined Sorters have high demand in the market. The market for hyperspectral cameras and integrated filters is expected to grow at a very high CAGR during the forecast period and share the second largest optical sorter market share. This technology creates FM (foreign goods) and/or EVM (extraneous vegetable matter) at very low disposal rates, resulting in high efficiency. Hyperspectral cameras are used to identify unique fingerprints of an object. Hyperspectral imaging (HSI) has been used in a variety of applications and industries, including the discovery of rock minerals in aerial photographs and the discovery of foreign objects in food processing. Quality testing, hyperspectral imaging is gradually becoming an effective or additional alternative to X-rays, RGB cameras, and 3D models. Integrated filters, on the other hand, integrate a variety of filtering technologies to achieve optimal filtering quality.
By Platform, the Optical Sorter market is divided into Lane, Freefall, Belt, Hybrid and other. The optical sorter market in North America is expected to meet highest share during forecast. North America is a leading region in the optical sorter market due to the growing popularity of filters in the food industry. This growth can be attributed to factors such as population growth, technological advances, growing industries, strong manufacturing sectors, and a complete increase in the need for automation. In North America, automatic filtration is an important technology in many food processing operations. The existence of strict food safety laws is another factor driving the growth of this market. Recycling is one of the most widely used areas in North America, due to its focus on waste management in the US. The growth of the North American market is also driven by the existing mining infrastructure in the region. The US is one of the countries where automation in the food, recycling, and mining industries contributes to the need for optical sorter.
By Application, the optical market is divided into Recycling, Food, Mining, and other.
The key players in the Optical Sorter Market are Raytec Vision., CP Manufacturing, Sesotec GmbH, Buhler Group, GREEFA, Allgaier Werke Group, BINDER GmbH, STEINERT Global, Pellence ST, National Recovery Technologies, NEWTEC, TOMRA Systems, SATAKE Group, Key Technologies Inc. and Other players
Hyperspectral cameras & Combined Sorters
The optical sorter market is divided worldwide based on the region of North America, the European region, the Asia-Pacific region, the Latin American region, and the Middle East and Africa region. The largest market share in the optical sorter market worldwide is held by the North American region due to the increasing use of automatic food filtering technology to drive market demand in the region.
The largest market share in the optical sorter market worldwide is occupied by a European region due to increased technological advances and technological planning to be one of them. The presence of stable technical infrastructure is another contributing factor.
As a fast-growing region, the third largest market share in the optical sorter market is occupied by the Asia-Pacific region due to the presence of high-density countries such as China and India which drive market demand in the region. In addition, Japan is one of the leading manufacturers of optical sorters and that is why it is driving the market demand. The presence of different manufacturing companies combined with the large amount of revenue available to each individual creates a great need in the region at the predicted time.
The small market share is dominated by the Latin American region and the Middle East region and Africa due to the existence of low infrastructure in both regions. Low per capita income is another contributing factor to market growth in these regions.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 2.3 Billion|
|Market Size by 2028||US$ 4.6 Billion|
|CAGR||CAGR of 10.1% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (Cameras, Near-Infrared, Lasers, Hyperspectral Cameras & Combined Sorters, Other)
• By Platform (Lane, Freefall, Belt, Hybrid)
• By Application (Recycling, Food, Mining)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Raytec Vision., CP Manufacturing, Sesotec GmbH, Buhler Group, GREEFA, Allgaier Werke Group, BINDER GmbH, STEINERT Global, Pellence ST, National Recovery Technologies, NEWTEC, TOMRA Systems, SATAKE Group, Key Technologies Inc. and Other players|
|Key Drivers||• Increasing focus on automation for increasing productivity.
• Food processing activities are being more widely adopted in the food Industry.
|Restraints||• Huge initial capital investment for application of sorting system.|
Frequently Asked Questions (FAQ) :
The Optical Sorter Market size was valued at 2.3 billion in 2021 at a CAGR of 10.1%.
Increasing focus on automation for increasing productivity, and Food processing activities are being more widely adopted in the food Industry are the driving factors of the Optical Sorter Market.
Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Optical Sorter Market Segmentation, by Type
8.5 Hyperspectral cameras & Combined Sorters
9. Optical Sorter Market Segmentation, by Platform
10. Optical Sorter Market Segmentation, by Application
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12 Company Profiles
12.1 Key Technologies Inc.
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Raytec Vision
12.3 CP Manufacturing
12.4 Sesotec GmbH
12.5 Buhler Group
12.7 Allgaier Werke Group
12.8 BINDER GmbH
12.9 STEINERT Global
12.10 Pellence ST
12.11 National Recovery Technologies
12.13 TOMRA Systems
12.14 SATAKE Group
13 Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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