Published Date: 30-Apr-22
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report, published by KBV research, The Global Optical Sorter Market size is expected to reach $3.8 billion by 2027, rising at a market growth of 9.3% CAGR during the forecast period.
The Belt segment acquired the maximum revenue share in the Global Optical Sorter Market by Platform in 2020; thereby, achieving a market value of $1.6 billion by 2027. Belt sorting machinery is widely being utilized in a variety of industries, including recycling, food, recycling, and mining since it provides greater sorting accuracy and a lower residual ratio. Frozen, fresh, and dried fruits and vegetables, processed potato goods, and nuts can all benefit from belt sorting machinery. This procedure reduces the tendencies of food contamination in the future and improves product quality. It also helps with the detection of tiny defects and foreign materials, as well as boosting the ejection accuracy system, defect extraction efficiency, and sorter yield. Therefore, the growth of this segment is being augmented.
The Hyperspectral cameras & Combined Sorters segment is showcasing CAGR of 10.4% during (2021 - 2027). This method improves the removal of the foreign material as well as extraneous vegetable matter, frequently with very low error rejection rates. The hyperspectral cameras are widely being used to determine the material's unique fingerprint. The identification of rock minerals using airborne images as well as the detection of foreign contaminants in food processing are two examples of how hyperspectral imaging has been employed in a number of applications and industries. Hyperspectral imaging is rapidly becoming a feasible alternative or addition to RGB cameras, X-rays, and 3D models for quality inspection.
North America is the fastest growing region in the Global Optical Sorter Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1.3 billion by 2027. The Europe market is estimated to witness a CAGR of 8.9% during (2021 - 2027). Additionally, The Asia Pacific market would display a CAGR of 10% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/optical-sorter-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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)
Unique Offerings from KBV Research