Optical Sorters Market Size, Share, Growth, and Industry Analysis, By Type (Chute-Type Color Sorter Machine & Belt-Type Color Sorter Machine), By Application (Agricultural Field & Industrial Areas) and Regional Forecast to 2031

Updated On: 02 September 2024

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OPTICAL SORTERS MARKET REPORT OVERVIEW

The global Optical Sorters Market size was USD 2.378 Billion in 2023 and the market is projected to touch USD 6.32 Billion by 2030, exhibiting a CAGR of 10.27% during the forecast period.

These sorters are capable technical devices for the separation and sorting of goods depending on the optical features in various industries: food, recycling, mining, etc. Intricate technologies such as cameras, lasers, and sensors are used here to identify the colour, shape, size, and material of items on a belt. When the specific products are located, air jets, mechanical arms, or other devices are used to segregate the wanted products from the undesired ones.

COVID-19 Impact: Market Growth Accelerated due to Social Distancing

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic positively impacted the optical sorter market because it led to conditions that promoted continuous and efficient production, accompanied by a shortage of workers and social distancing. When businesses moved away from people and focused on cleanliness in sortation, getting a precise optical sorter turned into a necessity. The situation with the closures of food processing and packing factories due to COVID-19 and focusing on the quality and safety of food products also contributed to the growth of popular machines. 

LATEST TRENDS

"Use of Artificial Intelligence to Propel the Market Growth"

Some of the emerging trends in the optical sorter marketplace include the use of artificial intelligence and/or machine learning to increase the accuracy of the sort and flexibility in its operation. One existing trend is the effort to create radiant and multispectral detection units where existing technologies like hyperspectral imaging, near-infrared (NIR) sensors, and X-rays can work in synergy to enhance the differentiation of complicated materials. It is also emerging self-service data analytics and connectivity of IoTs for monitoring and prediction of maintenance needs in the industry.

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OPTICAL SORTERS MARKET SEGMENTATION

By Type

Based on type the market can be categorized into Chute-Type Color Sorter Machine & Belt-Type Color Sorter Machine

• Chute-Type Colour Sorter Machine:Depends on and utilises the force of gravity to transport products through vertical chutes. Best used for segregation of fine and free-moving items such as cereals, seeds, and nuts. Usually small and thus occupies a small area. 
• Belt-Type Colour Sorter Machine:Organises products by using belts, which are in the form of conveyors. More suitable for mass items and larger loads of items such as fruits, vegetables, or recyclable products. Higher throughput capacity; hence, it is preferred for large-scale production or industries. 

By Application

Based on application the market can be categorized into Agricultural Field & Industrial Areas

• Agricultural Field:It is also applied to the sorting of grains, seeds, nuts, and other minor agricultural products such as spices. Improves the quantity and quality of food products by having mechanisms that can eliminate defective foods and contaminants. Reduction of time taken in the processing and packaging activities. 
• Industrial Areas:Used in recycling plants to sort materials such as plastics, metals, glass, and any other material that is to be recycled. Applied in the extraction process of operations to sort between the valuable minerals and the unwanted materials. Increases the effectiveness of the processes associated with proper waste disposal and material recycling.

DRIVING FACTORS

"Increasing Demand for Automation to Expand the Market"

One of the key driving factors of Optical Sorters Market growth is Increasing Demand for Automation. These sorters are now being used in industries like food processing, recycling, and mining due to their high efficiency and precise food sorting rates required for the operation. Automation helps lessen the use of manual labour, decreases inefficiencies, and increases efficacy, which becomes a key factor in market growth. 

"Stringent Quality and Safety Regulations to Advance the Market"

The industries are focusing on the usage of advanced sorting technologies as awareness and legal measures related to food safety, product quality, and environmental safety have increased. These sorters contribute to compliance with such regulations by enabling efficient and proper sorting so that there is no contamination of the high-quality products. 

RESTRAINING FACTOR

"High Cost of Purchase to Pose Potential Impediments on this Market"

The purchase expense of the optical sorter is still relatively high, and this is one of the significant factors restricting the market’s development. This follows the fact that in order to achieve high levels of efficiency, these sorters are equipped with advanced technology accompanied by complex components, making them expensive to produce and buy. These investments can be expensive, especially for SMEs and organisations that cannot afford to spend much on this area, which might slow down the market’s development and expansion. 

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OPTICAL SORTERS MARKET REGIONAL INSIGHTS

"North America to Dominate the Market due to its Technology Adoption in Industries"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

North America has emerged as the most dominant region in the Optical Sorters Market share due to several factors, including the region’s focus on technology adoption in industries across the region. To name a few factors that have a considerable impact on the market’s growth, one can point out the prevalence of leading optical sorter manufacturers and the high density of sort utilisation in the food processing, recycling, and mining industries. Also, invasive quality and safety standards, especially in food manufacturing, establish the need for accurate and effective sorting systems. 

KEY INDUSTRY PLAYERS

Key Players Transforming the Optical Sorters Market through Mergers and Acquisitions

Major industrial stakeholders drive innovation in the technology, arbitrate over key decisions and standards, and also increase the scope of the optical sorter market through mergers and acquisitions. These companies rely on research and development to come up with improved optical sorters and have incorporated the use of artificial intelligence, machine learning, and multi-sensor technologies into their equipment. To guarantee the efficiency and dependability of their products, they have considerable coverage of service and support, which also equates to goodwill among shop clients. 

List of Market Players Profiled

• Daewon (South Korea)
• Anzai (China)
• Anhui Vision (China)
• Anhui Zhongke (China)
• Key Technology (U.S.)

INDUSTRIAL DEVELOPMENT

February 2024: The global producer of these sorters, TOMRA, presented the new sorter, TOMRA 5C, in February 2024. One feature of this trendy invention is that it has vision cameras with high resolution and a 360-degree field of view, perfect for inspection of materials. This improvement increases the ability to sort and reduces defects and costs, especially in special requirements such as the detection of defects or foreign matter.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global Optical Sorters Market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.