Optical Sorter Market estimated to be worth 2.87 Billion USD by 2023

By -

Optical Sorter Market by Type (Camera, Laser, NIR Sorter, and Hyperspectral Camera & Combined Sorters), Platform (Belt, Freefall, Lane, and Hybrid), Application (Food, Recycling, and Mining), and Geography - Global Forecast to 2023

(EMAILWIRE.COM, February 23, 2019 ) The optical sorter market was valued at USD 1.46 Billion in 2016 and is expected to reach USD 2.87 Billion by 2023, at a CAGR of 9.8% during the forecast period. The base year considered for the study is 2016, and the forecast period considered is during 2017–2023. The objective of the report is to provide a detailed analysis of the optical sorter market based on type, platform, application, and region. The report forecasts the market size, in terms of value, for various segments with regard to four main regions North America, Europe, APAC, and RoW. It strategically profiles the key players and comprehensively analyzes their rankings and core competencies in the optical sorter market, along with detailing the competitive landscape for these market leaders.

Don’t miss out on business opportunities in optical sorter market. Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=62115020

Camera-based optical sorters are expected to hold a major share during the forecast period

Camera-based optical sorters led the optical sorter market in 2016. These sorters are more accurate and can detect minute defects in products; therefore, these optical sorters are widely used in food applications to sort vegetables and fruits; dried fruits and nuts; and cereals, grains, and pulses. With technological advancements (Automation), many companies are now providing camera-based optical sorting equipment integrated with intelligent software. These technologically advanced products are more effective in detecting defective products, which improves the overall product quality and increases yield.

Belt platform-based optical sorters are expected to grow at the highest CAGR between 2017 and 2023

Belt platform-based optical sorters are used in various applications, such as food, recycling, and mining. Belt sorting equipment has high-performance capabilities for fresh, frozen, and dried vegetables; fruits; processed potato products; and nuts. Belt platform-based optical sorters identify small foreign materials and defects and improve the accuracy of the ejection system, which helps in maximizing the sorter’s yield and defect removal performance.

Browse and in-depth TOC on "optical sorter market"

65 - Tables
64 - Figures
156 - Pages

View more detailed TOC @
https://www.marketsandmarkets.com/Market-Reports/optical-sorter-market-62115020.html

North America is expected to hold a major share of the optical sorter market between 2017 and 2023

North America is expected to hold the largest share of the optical sorter market during the forecast period. The US is expected to be the major contributor to the market in North America between 2017 and 2023. This is due to the high demand for optical sorters in the food industry. Automated sorting is an important technology for many food-processing operations. The US has been an early adopter of the automation technology as a means of improving productivity and ensuring time and cost savings. In addition, consumer demands for healthier options and convenience have also affected the food industry and driven the use of automation, which in turn has aided the adoption of optical sorting equipment.

Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=62115020

Major players in the optical sorter market are TOMRA (Norway), Buhler (Switzerland), Key Technology (US), Binder (Austria), Satake (US), Allgaier Werke (Germany), Cimbria (Denmark), CP Manufacturing (US), GREEFA (Netherlands), NEWTEC (Denmark), National Recovery Technologies (US), Pellenc ST (France), Raytec Vision (Italy), Sesotec (Germany), and STEINERT (Germany).

Browse Adjacent Markets @ Semiconductor and Electronics Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Website: http://www.marketsandmarkets.com/

Read other news from MarketsandMarkets™

Timing Devices Market Size, Share, Revenue Trends & Forecast to 2030

MarketsandMarkets™ - Sep 18, 2023
Timing Devices Market by Type (Oscillators, Atomic Clocks, Clock Generators, Clock Buffers, Jitter Attenuators), Material (Crystal, Silicon, Ceramic), Vertical (Consumer Electronics, Automotive) and Region - Global Forecast to 2030 ...Read more

Artificial Intelligence Market Segmented by Product, Top Manufacturers, Geography Trends & Growth Opportunity to 2030

MarketsandMarkets™ - Sep 18, 2023
Artificial Intelligence technology such as machine learning, natural language processing, computer vision, and others are revolutionizing various sectors, including healthcare, finance, manufacturing, and retail. ...Read more

Digital PCR (dPCR) and Real-time PCR (qPCR) Market worth $12.4 billion by 2028, at a CAGR of 7.8%.

MarketsandMarkets™ - Sep 18, 2023
"Digital PCR (dPCR) and Real-time PCR (qPCR) Market by Product (Instruments, Reagents & Consumables, Software & Services), Application (Clinical, Research, Forensic), End User (Hospital, Diagnostic Labs, Pharma, Biotech, CROs) - Global Forecast to 2028". ...Read more