Global Optical Sorter Market Key Players, Share, Future Perspective, Emerging Technologies

Market Scope

The global Global Optical Sorter Market size is estimated to reach USD 2 billion by 2023. It can exhibit a CAGR of 10% over the forecast period. The market is expected to thrive owing to use of sorting machines in the food industry. Focus on automation, need for reducing delivery and processing time, and stringent policies pertaining to food safety are other factors driving market demand significantly. Government legislations and policies enforced to prevent the probability of hazards and risks to human health may influence the market. Companies involved in food production are integrating these systems for efficient management of food quality. Environmental awareness of recovery of industrial waste for high productivity and environmental safety can favor the industry.

The COVID-19 pandemic has affected the production of optical sorters, with the optical sorter market report able to sustain itself by 2021. It can face a decline in demand during the period. However, focus on automation can propel the market to new heights. Benefits of optical sorting systems such as increased output, better food quality, and short delivery times can bode well for the market.

Opportunities in new detection technologies and new software for maximizing yields and driving revenues can bode well for the market. Development of intelligent machines that provide intelligence to processors regarding rejections can transform the optical sorter market.

But high capital investments and limited spending budgets of manufacturing companies can limit the market growth.

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Competitive Scope

CP Manufacturing Inc., SATAKE Group, Key Technology Inc., GREEFA, Bühler Group, National Recovery Technologies, NEWTEC, Sesotec GmbH, Pellenc ST, Allgaier Werke Group, Cimbria Heid GmbH, BINDER GmbH, Raytec Vision S.p.A., TOMRA Systems ASA, and STEINERT Global are notable players of the global optical sorter market.

Global Optical Sorter Market Segmentation

The global optical sorter market is segmented into type, platform, application, and region. The type segment is sub-segmented into cameras, lasers, combined sorters, near-infrared sorting system, hyperspectral cameras, and others. The platform is sub-segmented into belt, freefall, 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.

Regional Insight

The key markets for optical sorter are Europe, North America, APAC or Asia Pacific, and RoW or Rest of the World.

North America is currently the worldwide market leader owing to the mounting consumption of laser object detection systems across various industries. The striking growth of the food sector in the region has resulted in a lot of pressure, in terms of efficiency, environment and productivity. Therefore, the demand for advanced optical sorters has risen exponentially in the food industry of the region. The region also houses a huge number of renowned vendors that are continuously spending on R&D activities to integrate innovative technologies in their products and launch better quality products that can help them expand their share in the regional market. To cite an instance, in February 2020, Key Technology (U.S) launched a new optical sorter for green beans. The system helps remove unrequired materials and sort the desired green beans (easy to snip) from the ones that are hard to snip to boost the overall snipping productivity.

The APAC market for optical sorter is also observing notable growth, impelled by the large-scale deployment of intelligent solutions along with the significant rise in digitalization. The rising use of the AI technology in optical sorters is leading to better features such as monitoring, automation and advanced analytics. Manufacturers in the region are focusing on creating the AI-backed sorting technology to achieve intelligent and effective solutions for various industrial processes and operations, which could work in the market’s favor. It is further projected that Japan, India and China are the fastest expanding markets in the region for optical sorters, and can gain even higher impetus during the appraisal period.

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