Analysis of Optical Sorting Equipment market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
In 2022, the global optical sorting equipment market is valued at US$ 2.69 billion and is predicted to surge to US$ 6.15 billion by the end of 2032, with worldwide shipments of optical sorting equipment projected to increase at an impressive CAGR of 8.6% over the same period.
Implementation of strict mandates to ensure food safety standards by governments across the world is expected to propel optical sorting equipment sales over the coming years.
Optical Sorting Equipment Market Size (2022E)
US$ 2.69 Billion
Forecasted Market Value (2032F)
US$ 6.15 Billion
Global Market Growth Rate (2022-2032)
North America Market Share (2022)
Europe Market Share (2022)
Key Companies Profiled
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Optical sorting has gained impetus over the past few years and this increase in popularity has driven optical sorting machine sales as well. Advancements in technology and innovations have led to the birth of advanced sorting equipment.
Increasing focus on waste management, the rising popularity of optical sorters, imposition of strict mandates to regulate food safety, and increasing automation in various industry verticals such as food, pharmaceuticals, waste management, etc., are prominent factors that are anticipated to drive optical sorting equipment market potential.
However, high costs of installation are anticipated to have a constraining effect on the overall optical sorting equipment demand throughout the forecast period. From 2022 to 2032, the optical sorting equipment market is slated to witness evolution at an 8.6% CAGR.
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“Increasing Popularity of Automation Enhancing Optical Sorting Systems Market Potential”
The world has witnessed a notable increase in digitization across several industry verticals and this has fueled the demand for automation as well. The increasing focus on reduction of errors and maximizing profitability is anticipated to promote the shipments of optical sorting equipment over the coming years.
Automation also ensures the enforcement of standards that are otherwise prone to human error and also helps brands to maintain the quality of their product. All of these prospects drive the popularity of optical sorting machines and maximize optical sorting equipment market revenue generation capacity.
“Rising Focus on Waste Management to Provide New Market Opportunities”
Sustainability is the main focus of governments across the world and this trend is expected to provide new opportunities for optical sorting machine manufacturers. Management of waste is crucial to maintain sustainability and conserve the environment and sorting equipment is of utmost importance in waste management to segregate the waste.
Optical sorting technology can be pivotal in maintaining a good waste management plant and hence more waste management providers are expected to opt for optical sorting machines throughout the forecast period.
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“High Initial Costs of Implementation”
Since optical sorting devices are equipped with advanced technologies, they can be highly expensive in terms of purchase as well as installation. This factor acts as a restraint for optical sorting equipment consumption and is anticipated to be prevalent across the forecast period. The high costs also negatively affect adoption in small and medium enterprises with tight budget caps.
Optical sorting equipment manufacturers are expected to come up with cost-effective and affordable solutions for companies with low budgets over the coming years to overcome this restraining factor and optimize sales potential through 2032.
“New Market Players Can Focus on Integration of Advanced Technologies”
Start-ups can focus on the integration of advanced technologies with various sorting and separation equipment. Magnetic separation equipment and density separation equipment are where new manufacturers can focus on the integration of innovative technologies.
“Increasing Focus on Sustainability in Europe Driving Demand for Optical Sorting Equipment”
Europe optical sorting equipment market is predicted to have a bright outlook across the forecast period and currently accounts for a valuation of US$ 692 million while holding a significant market share of 26%. The imposition of strict waste management regulations to ensure sustainability and the presence of a robust food and beverage industry drive the optical sorting equipment market growth in this region.
North America optical sorting equipment market holds a market share of 22% and a revenue total of US$ 606 million in 2022. Strict food safety mandates and increasing automation are expected to shape market growth in this region.
A complete and detailed regional analysis for all regions has been profiled in this latest optical sorting equipment market research report by Fact.MR, a market research and competitive intelligence provider.
“Market to be Driven by High Demand for Camera Sensors”
Camera technology has witnessed leaps in innovation and advancements over the past few years and this has led to the creation of highly advanced camera sensors. These camera sensors have found a wide scope of application and optical sorters are highly dependent on them to ensure optimal sorting.
Smart camera sensors, 360º camera sensors, and infrared camera sensors are anticipated to be highly popular in the global optical sorting equipment market landscape across the forecast period. Hyperspectral imaging is anticipated to be highly popular for optical sorting machines over the coming years as advancements in imaging technology increase.
Based on sensors, the optical sorting equipment market is further segmented into cameras, lasers, camera/laser combinations, and hyperspectral imaging.
Optical sorting equipment manufacturers are anticipated to focus on the launch of new and innovative products to boost their revenue generation capacity.
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Currently, the global optical sorting equipment market stands at US$ 2.69 billion.
By 2032, the optical sorting equipment market will reach US$ 6.15 billion.
The global market is predicted to surge at 8.6% CAGR through 2032.
The Europe optical sorting equipment market accounts for 26% market share.
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