Asia Pacific Optical Sorter Market Size, Share & Industry Trends Analysis Report By Application (Food, Recycling, and Mining), By Platform (Belt, Lane, Hybrid, and Freefall), By Type, By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Optical Sorter Market would witness market growth of 10.0% CAGR during the forecast period (2021-2027).
An optical sorting machine along with the youngest generation of artificial intelligence color sorter delivers the AI super-brain, which includes X-ray sorting & NIR sorting technologies, and can precisely remove practically all contaminants in the product, with a sorting accuracy of up to 99.9%. Color Sorter machines are widely utilized in the agricultural, recycling, food, and mining industries around the world. Using Internet of Things (IoT) technology, an optical sorter machine integrating artificial intelligence can enable remote on-line intelligent monitoring of the complete sorting line, as well as online maintenance, online debugging, and software upgrades, among other services.
The increasing growth of the region is attributed to countries such as India, the Philippines, China which have a significant GDP rates and draw investments from other countries in the recycling, food, recycling, and mining industries. During the forecast period, the Asia Pacific region has the highest revenue potential in the optical market, owing to recent advances in optical sorting devices by Asian companies such as Hefei Taihe Intelligent Technology Group, Hefei Meyer Optoelectronic Technology, Angelon (China), DAEWON GSI. The Asia Pacific region is catching up to the European and North American regions in terms of market growth due to the increasing deployment of optical sorting technologies. Hence, the growth of the region would accelerate.
Because of the rising demand for optical sorting equipment across the Asia Pacific region, China, as a manufacturing hub and worldwide exporter would observe significant production of the optical sorter market.
The China market dominated the Asia Pacific Optical Sorter Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $327.8 million by 2027. The Japan market is anticipated to grow at a CAGR of 9.2% during (2021 - 2027). Additionally, The India market would exhibit a CAGR of 10.6% during (2021 - 2027).
Based on Application, the market is segmented into Food, Recycling, and Mining. Based on Platform, the market is segmented into Belt, Lane, Hybrid, and Freefall. Based on Type, the market is segmented into Cameras, Lasers, Hyperspectral cameras & Combined Sorters, NIR (near-infrared) and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Buhler Group, Tomra Systems ASA, Hefei Meyer Optoelectronic Technology, Inc., Allgaier Werke GmbH, Key Technology, Inc. (Duravant LLC), Hefei Taihe Intelligent Technology Group Co., Ltd., STEINERT GmbH, Sesotec GmbH, CP Global, and Satake USA, Inc. (Satake Corporation)
Scope of the Study
Market Segments Covered in the Report:
- Recycling, and
- Hybrid, and
- Hyperspectral cameras & Combined Sorters
- NIR (near-infrared) and
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Buhler Group
- Tomra Systems ASA
- Hefei Meyer Optoelectronic Technology, Inc.
- Allgaier Werke GmbH
- Key Technology, Inc. (Duravant LLC)
- Hefei Taihe Intelligent Technology Group Co., Ltd.
- STEINERT GmbH
- Sesotec GmbH
- CP Global
- Satake USA, Inc. (Satake Corporation
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