Optical Sorters Market

Global Optical Sorters Market to expand at a CAGR of 10.4% from 2018 to 2026; Expand at a CAGR of 10.0%

Industry Insights

The global optical sorters market was valued at US$ 1,368.1 Mn in 2017 and is projected to expand at a compound annual growth rate (CAGR) of more than 10.0% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Optical Sorters Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” Cost reduction and increase in productivity through automation, growing labor costs, and stringent government regulations pertaining to food safety are primary factors that are expected to boost the market during the forecast period.

For instance, automation technologies and solutions are being implemented in numerous industries to eliminate human error, minimize energy consumption, for product quality consistency with cleaner energy, and for efficient data collection and consolidation. Increase in productivity and speed with automation results in shorter delivery time and efficient business operations. Industries such as food, mining, and recycling are witnessing significant adoption of various types of optical sorters for optimized operations.

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Significant initial capital investment can hamper the optical sorters market

Optical sorters are the result of integration of various advanced and sensor based technologies including high resolution cameras, Near-infrared (NIR) spectroscopy, laser, Shortwave Infrared (SWIR), X-ray, and Biometric Signature Identification (BSI). These technologies provide optimum precision, efficiency, and speed compared to traditional sorting technologies. Nonetheless, prices of such technologically advanced machines are significantly higher which impacts their use in many industries particularly small and medium enterprises.

Global Optical Sorters Market Segmentation

Global Optical Sorters Market, by Component

  • Products
  • Services
    • Consulting
    • Repair and Maintenance
    • Training

Global Optical Sorters Market, by Type

  • Camera
  • Laser
  • NIR
  • X-ray
  • Combined
  • Others

Global Optical Sorters Market, by End-use

  • Food Processing
  • Tobacco Processing
  • Waste recycling
  • Mining
  • Others
Pragati Pathrotkar
Pragati Pathrotkar

Pragati Pathrotkar is a specialist in search engine optimized (SEO) content with a wealth of experience gathered from working in leading market research firms. Currently, she is the Team Lead for the SEO department at Transparency Market Research. In the said role, she has actively contributed to building a winning content strategy leveraging right keywords, link building, market research and analysis, and competitor analysis. Pragati has a Bachelor’s Degree in Computer Science from Nagpur University and a Master’s degree in Business Administration.

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