Dublin, June 29, 2022 (GLOBE NEWSWIRE) -- The "Global Optical Sorter Market with COVID-19 Impact Analysis, by Type (Cameras, NIR, Lasers, Hyperspectral Cameras & Combined Sorters, Other types), Platform (Freefall, Belt, Lane, and Hybrid), Application and Geography - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering. The optical sorter market is expected to grow from USD 2.6 billion in 2022 to USD 4.1 billion by 2027, at a CAGR of 9.9% during the forecast period. Increasing adoption in the food industry for food processing activities and for reducing process and delivery time is expected to drive the optical sorter market and to promote new revenue opportunities for optical sorter manufacturers. Owing to the growing demand for food products across the globe, the food industry is increasingly focusing on reducing process and delivery times.
Hefei Taihe Intelligent Technology Group
Market for belt platform for camera type optical sorters is expected to grow at higher CAGR during the forecast period The market for belt platform for camera type optical sorters is expected to grow at the fastest CAGR during the forecast period. Conveyor belt recycling sorting systems are ideal for sorting mixed, piece, or shredded materials. The material (e.g., PET bottles, electrical waste, scrap metal, and household waste) is optimally distributed to the detection area via a fast-moving conveyor belt (or configurable belt speeds). Furthermore, the belt-type structure design provides a lower damage ratio for delicate food items. The materials are less likely to collide when transported horizontally by a uniform and stable conveyor. As a result, its damage ratio is significantly lower than that of a traditional chute-type color sorter. Market for hyperspectral cameras & combined sorters for food application is expected to account for the largest during the forecast period The market for hyperspectral cameras & combined sorters for food application is expected to account for the largest during the forecast period. It is further expected to grow at the fastest CAGR throughout the forecast period. HSI enables the detection of foreign objects in real-time, with pinpoint accuracy and dependability. Hyperspectral sensors are gradually being adopted by the food processing industry. When combined with machine learning algorithms, HSI sensors enable digital sorters to detect and remove foreign material automatically. Vegetables & fruits sub-application is expected to dominate the optical sorter market for food application throughout the forecast period Vegetables & fruits sub-application is expected to dominate the optical sorter market for food application throughout the forecast period. According to Knoema data source, in 2020, the total Asian vegetable production was 990,043,085 tons whereas the total Asian fruit production was registered to be 568,539,336 tons. The vegetables & fruits production in Asia increased at a 2.08% annual rate in 2020. Key Topics Covered:
1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Growing Focus on Automation to Increase Productivity in Various Industries Has Fueled Market Growth 4.2 Belt Platform Estimated to Hold Largest Share of Optical Sorter Market During Forecast Period 4.3 Food Application and Us are Estimated to Account for Larger Share of North American Optical Sorter Market in 2021 4.4 Optical Sorter Market for Food Application to Grow at Highest CAGR During Forecast Period 4.5Us is Expected to Dominate Optical Sorter Market During Forecast Period 5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Growing Focus on Automation for Increasing Productivity in Various Industries 5.2.1.2 Increasing Adoption in the Food Industry for Food Processing Activities and for Reducing Process and Delivery Time 5.2.1.3 Increase in Wages of the Manual Workforce in Various Countries 5.2.1.4 Stringent Government Regulations Regarding Food Safety 5.2.2 Restraints 5.2.2.1 Requirement of High Initial Capital Investment for Implementation of Sorting Machines 5.2.2.2 Detection Errors in Optical Sorting Machines 5.2.3 Opportunities 5.2.3.1 Advancements in Detection Technologies and Ease of Operation 5.2.3.2 Recycling Initiatives at Global Scale to Create Scope for Optical Sorters 5.2.3.3 Integration of Optical Sorting Systems with Internet of Things (Iot) and Artificial Intelligence (Ai) 5.2.4 Challenges 5.2.4.1 Difficulties in Sorting Plastic Waste 5.2.4.2 Challenges Associated with Various Industries due to the Outbreak of COVID-19 Pandemic 5.3 Value Chain Analysis 5.4 Ecosystem 5.5 Trends Impacting Customers' Business 5.6 Porter's Five Forces Analysis 5.7 Case Studies 5.7.1 Food 5.7.2 Recycling 5.7.3 Mining 5.8 Technology Trends 5.9 Average Selling Price 5.10 Trade Analysis 5.11 Patent Analysis 5.12 Tariffs and Regulations 6 Offerings in Optical Sorter Market and Classification by End-users 7 Optical Sorter Market, by Type 8 Optical Sorter Market, by Platform 9 Optical Sorter Market, by Application 10 Geographic Analysis 11 Competitive Landscape 12 Company Profiles 13 Adjacent and Related Market
For more information about this report visit https://www.researchandmarkets.com/r/y4ft4r
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