USD 2.39 Billion
Optical Sorter Market Size, Share, Growth Analysis, By Product Type(Cameras, Lasers, NIR (near-infrared) Sorters, Hyperspectral Cameras & Combined Sorters), By Platform(Belt, Freefall, Lane, Hybrid), By Application(Food (Vegetables & Fruits, Dried Fruits & Nuts, Meat & Seafood, Grains), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20I2135 |
Region:
Global |
Published Date: November, 2024
Pages:
202
|Tables:
65
|Figures:
74
Optical Sorter Market Insights
Global Optical Sorter Market size was valued at USD 2.39 billion in 2022 and is poised to grow from USD 2.59 billion in 2023 to USD 4.70 billion by 2031, growing at a CAGR of 7.72% during the forecast period (2024-2031).
Optical sorters have recently gained new features that enable them to maximise yield and better comprehend crucial elements of processing processes thanks to advancements in intelligent software and detecting technology. Sensitive optical sorters can precisely find and remove unwanted objects, undesirable rot, greening faults, blemishes. It also ensures that a higher-quality, safer end product will be delivered to customers along with better yields. As a result of these technologies' contributions to improved food quality and safety, the use of optical sorters in the food industry is increasing.
Additionally, AI-enabled systems that can improve sorting procedures over time, like AI systems, include cameras, near-infrared (NIR) spectroscopy, x-rays, and lasers and accelerate the study of every attribute of any fruit or vegetable as it moves through the system. Making the greatest use of the technology, the sorting of meals is carried out using machine learning algorithms. An important benefit of optical sorter machines is their improved performance, user-friendly, and simple to learn software, which results in better quality products with the least amount of good product loss. A significant commercial potential in the next few years will be the development of artificial intelligence to eliminate the need for human intervention.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Cameras
Fastest Growth
Cameras
Growth Rate
9.11% CAGR
Global Optical Sorter Market ($ Bn)
Country Share for North America Region (%)
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Optical Sorter Market Segmental Analysis
Global Optical Sorter Market is segmented by Product Type, Platform, Application, and Region. Based on Product Type, the market is segmented into Cameras, Lasers, NIR (near-infrared) Sorters, Hyperspectral Cameras & Combined Sorters, Others. Based on Platform, the market is segmented into Belt, Freefall, Lane, Hybrid. Based on Application, the market is segmented into Food (Vegetables & Fruits, Dried Fruits & Nuts, Meat & Seafood, Grains, Cereals, And Pulses), Recycling (Plastic, Paper, Organic Waste, Construction & Demolition (C&D), E-Scrap, Metal, Glass), Mining, Industrial Minerals, Precious Metals, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Corrugated Packaging Market Analysis by Type
The camera segment is expected to grow at a CAGR of 8.5%. The growth of the camera segment is driven by the increasing demand for automation in various industries, such as food, recycling, and mining. Cameras are able to detect and sort materials based on their size, shape, color, and other properties. Cameras are becoming increasingly popular due to their ability to improve the efficiency and accuracy of sorting operations.
The laser segment is expected to grow at a CAGR of 10.5%. The growth of the laser segment is driven by the increasing demand for high-speed and high-accuracy sorting applications. Lasers are able to detect and sort materials at high speeds and with high accuracy. Lasers are becoming increasingly popular due to their ability to meet the demands of high-speed and high-accuracy sorting applications.
Corrugated Packaging Market Analysis by Platform
The belt platform segment is the largest segment of the market, accounting for the largest share in 2022. This is due to the increasing use of belt sorters in food sorting applications. Belt sorters are able to sort a wide variety of food products, including fruits, vegetables, nuts, and grains.
The freefall segment is expected to grow at the fastest rate during the forecast period. This is due to the increasing use of freefall sorters in non-food sorting applications, such as recycling and mining. Freefall sorters are able to sort a wide variety of materials, including metals, plastics, and glass.
Global Optical Sorter Market By Type
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Optical Sorter Market Regional Insights
In terms of market share, the optical machine industry will be dominated by North America in 2022. Due to growing food sorter machine use in the food industry and severe Food and Drug Administration (FDA) regulations to assure food quality, this is the case. The top manufacturers and suppliers of optical sorter machines in North America include Green Machine LLC, National Recovery Technologies, Inc. (NRT), and MSS, Inc. The only fully integrated provider of recycling systems in the optical sorter machine sector is Green Machine LLC, a manufacturer of cutting-edge recycling, solid waste optical sorter systems, and equipment in the United States.
In the projection period, Europe is anticipated to be among the regions with the fastest development in the optical sorter machine market due to the region's increased emphasis on removing pollutants from food products, which is encouraging the industry's expansion and sorting machine adoption. Additionally, the amount of electrical waste in the continent of Europe is continuously increasing. There is a strong need for optical sorter equipment in the European region since recycling these wastes has become necessary.
Global Optical Sorter Market By Region
- Largest
- Fastest
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Optical Sorter Market Dynamics
Corrugated Packaging Market Drivers
Growing Focus on Quality Control and Product Safety
- Quality control and product safety are critical concerns for industries like food and beverage, pharmaceuticals, and manufacturing. Optical sorters play a vital role in ensuring product quality by efficiently detecting and removing defects, foreign materials, and contaminants from the production line. The increasing emphasis on product safety regulations and consumer demands for high-quality products drive the adoption of optical sorters.
Rising Need for Efficient and Sustainable Waste Management
- With the growing concern for environmental sustainability, waste management practices are evolving. Optical sorters are extensively used in recycling facilities to separate and sort recyclable materials, including plastics, paper, glass, and metals. They enable efficient material recovery, reduce landfill waste, and contribute to a circular economy.
Corrugated Packaging Market Restraints
Maintenance and Operational Challenges
- Optical sorting systems require regular maintenance and calibration to ensure consistent performance. The presence of dust, debris, or misalignment of sensors can affect accuracy and sorting efficiency. Maintenance tasks, such as sensor cleaning, replacing parts, and software updates, can add to the operational costs and complexity. Adequate training and expertise are also necessary to operate and maintain optical sorters effectively.
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Optical Sorter Market Competitive Landscape
A growing number of new competitors are entering the market as a result of the product demand expanding significantly across several end-use industries, including the food and beverage, mining, pharmaceutical, and waste recycling sectors. The major producers are spending money on R&D to create new items and broaden their customer base. Additionally, manufacturers are utilizing this tactic to improve sales and expand their market dominance.
Corrugated Packaging Market Top Player’s Company Profiles
- TOMRA
- BÜHLER
- Hefei Meyer Optoelectronic Technology
- SATAKE
- Allgaier Werke
- Key Technology
- UNITEC
- AWETA
- Machinex
- Pellenc ST
- Binder+Co
- Sesotec
- National Recovery Technologies (NRT)
- Raytec Vision
- Steinert
- Angelon
- MAF Roda Agrobiotic
- Newtec
- Cimbría
- Daewon GSI
- CP Global
- Redwave
- Elica ASM
- Techik Instrument
Corrugated Packaging Market Recent Developments
- In March 2023, TOMRA Sorting ASA announced the launch of its new X-Sight AI optical sorter. The X-Sight AI is a high-speed, high-accuracy optical sorter that uses artificial intelligence to detect and sort defects in food products.
- In February 2023, Buhler Group announced the acquisition of Key Technology Inc., a leading provider of optical sorters for the food and beverage industry. The acquisition will strengthen Buhler's position in the optical sorter market and allow the company to offer a wider range of products and services to its customers.
- In January 2023, Satake Corporation announced the launch of its new MultiSorter optical sorter. The MultiSorter is a versatile optical sorter that can be used to sort a wide variety of materials, including food, recyclables, and mining ore.
Optical Sorter Key Market Trends
- Expansion of Application Areas: Optical sorting technology is expanding beyond traditional industries such as food processing and recycling. It is finding applications in emerging sectors such as pharmaceuticals, mining, cosmetics, and logistics. Optical sorters are being used to sort pharmaceutical tablets, mining ores, cosmetic products, and parcel packages, among others. This expansion of application areas broadens the market potential for optical sorters and drives their adoption in diverse industries.
Optical Sorter Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global optical sorter market has been experiencing significant growth in recent years and is expected to continue expanding in the coming years. Optical sorters are advanced sorting systems that use optical sensors, image processing algorithms, and artificial intelligence to accurately identify and sort objects based on their colour, size, shape, and defects. They find applications across various industries such as food processing, recycling, mining, pharmaceuticals, and logistics. The global optical sorter market is driven by the need for efficient and accurate sorting solutions across various industries. Technological advancements, expanding applications, and a focus on sustainability are shaping the market's growth. While there are some challenges and restraints, continuous innovation and customization efforts by manufacturers are expected to propel the market forward in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.39 billion |
| Market size value in 2031 | USD 4.70 billion |
| Growth Rate | 7.72% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Optical Sorter Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Optical Sorter Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Optical Sorter Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Optical Sorter Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Optical Sorter Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Optical Sorter Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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