Optical Sorter Market 2019 Segmentation, Investment Trends, Sales Revenue, Challenges, Demand, Historical Analysis, Emerging Technologies, Leading Players Updates by Forecast to 2023

Optical Sorter Market 2019 Segmentation, Investment Trends, Sales Revenue, Challenges, Demand, Historical Analysis, Emerging Technologies, Leading Players Updates by Forecast to 2023

“”Optical Sorter Market””
Global Optical Sorter Market Research Report – By Type (Near-Infrared Sorting System), Platform (Belt), Application (Food) – Forecast Till 2023. Global optical sorter market is expected to grow at USD 2 billion by 2023 at a CAGR of 10% during the forecast period 2017-2023.

Market Highlights:

The global optical sorter market is spanned across North America, Europe, Asia Pacific, and Rest of the World. North America dominates the optical sorter market due to growing adoption of the laser object detection system. Laser object detection system is gaining popularity among food industry as it increases recycling operations capabilities and allows waste and scrap recycling operations. This laser object detection system is also integrated with AUTOSORT & FINDER which helps in proving a high level of pure product after recycling of waste materials.

The global Optical Sorter Marketis expected to reach USD 2 billion at a CAGR of over 10% by the end of the forecast period.

The North American region is experiencing a higher demand due to advanced fiber laser system, digital sensors, and others which is boosting the optical sorter market growth to a large extent. For instance, on 22 February 2018, The Bühler Group has expanded their product portfolio and launched their product – Sortex F range of optical sorters. Sortex F range is used for processing high-value premium, niche, and organic products.

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Optical Sorter Market Key Players:

Market Research Future (MRFR) recognizes the following companies as the key players in the global optical sorter market: Key Technology Inc. (U.S.), BINDER GmbH (Austria), SATAKE Group (U.S.), Allgaier Werke Group (Germany), Tomra Systems ASA (Norway), GREEFA (Netherlands), NEWTEC (Denmark), Bühler Group (Switzerland), Cimbria Heid GmbH (Denmark), National Recovery Technologies (U.S.), Sesotec GmbH (Germany), Pellenc ST (France), CP Manufacturing Inc. (U.S.), STEINERT Global (Germany),  Raytec Vision S.p.A. (Italy), among others.

Segmentation of Optical Sorter Market:

The global optical sorter market is segmented into type, platform, application, and region. The type segment is sub-segmented as cameras, lasers, and combined sorters, near-infrared sorting system, hyperspectral cameras, and others. The platform is sub-segmented into the belt, free fall, lane, hybrid, and others. The application segment is sub-segmented into food, mining, recycling, and others. The market is spanned across regions including North America, Europe, Asia Pacific, and Rest of the World.

Global optical sorter market is expected to grow at USD 2 billion by 2023 at a CAGR of 10% during the forecast period 2017-2023.

Regional Analysis:

The regional analysis of optical sorter market is studied for regions such as Asia Pacific, North America, Europe, and Rest of the World. North America is the leading region across the world in terms of the highest market share. The optical sorter market in this region has a huge demand due to the increasing usage of food sorting machines in food industries, which is propelling the market growth to a large extent. The market for optical sorters in Europe is expected to witness rapid growth due to advancement in technology such as the digital sorting system which is widely used among companies. Whereas, Asia Pacific countries, such as China, Japan, and India, are the emerging markets for optical sorters, which are expected to grow with the highest CAGR in the coming years.

Industries News:

On October 10, 2017: MSS Inc., the optical sorter division of the CP Group, has launched their new product the CIRRUS FiberMax. This product is integrated with next-generation fiber sorting technology which offers operating flexibility, sensing capability, and increased speed in sorting.

On July 12, 2017: Key Technology Inc. went into the expansion with VERYX to launch their new product– Digital sorters. A digital sorter is a small chute-fed sorter which is primarily used for removing foreign material and improving the sorting accuracy by providing accurate sorting as compared to manual labor. This sorter varies in capacity from less than one metric ton (2,220 lbs.) up to five metric tons (11,000 lbs.) of product per hour.

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Intended Audience:

  • Optical sorter companies
  • Optical sorter providers
  • 3D animation vendors
  • 3D animation service providers
  • Computer graphics developers
  • System integrators and third-party vendors
  • Government bodies
  • Technology investors  
  • Research institutes and organizations
  • Market research and consulting firms
  • End-users/enterprise-users

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