Market Size of Optical Sorter Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 3.11 Billion |
Market Size (2029) | USD 4.99 Billion |
CAGR (2024 - 2029) | 9.93 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Optical Sorter Market Analysis
The Optical Sorter Market size is estimated at USD 3.11 billion in 2024, and is expected to reach USD 4.99 billion by 2029, growing at a CAGR of 9.93% during the forecast period (2024-2029).
Optical sorting is the process of automating the sorting of solid products by using cameras and sensors individually or in conjunction with each other. Optical sorters can recognize an object’s color, size, shape, structural properties, and chemical composition, subject to the type of sensors used and the effectiveness of the image processing system deployed. The optical sorter is an automated process that enables the user to sort solid products using cameras or, lasers, or both working in conjunction with sensors and software-driven image processing systems.
- Optical sorting systems are deployed to identify and remove defective objects from production lines based on accepted/defined criteria and to remove foreign material from the production line. They are also used to make products of different grades or types of materials. The deployment of optical sorting systems improves product quality, maximizes throughput, and increases yields while simultaneously reducing labor costs.
- Automation enables businesses to enhance performance by minimizing errors and increasing productivity. Several industries are increasingly adopting automation to accelerate processes and maintain product quality. This strategy reduces manual labor, improves hygiene, and speeds up operations. The rising automation in key industries such as food, recycling, and mining, primary markets for optical sorters, indicates positive market growth.
- Enhancements in food processing have improved both the taste and shelf life of products. Processed foods, which include items that undergo varying degrees of processing, range from moderately to highly processed. Continuous innovations in processing technology and the growing demand for processed foods are projected to fuel the development of the food and beverage processing equipment market.
- The high initial investment required for optical sorters is a significant barrier to the market's growth. These systems are often more expensive than other traditional solutions, which can deter potential buyers, especially small and medium-sized enterprises. The difficulty in maintaining these systems further adds to the overall cost, affecting their sales and market penetration.
- IMF had predicted advanced economies would see an especially harsh growth slowdown, from 2.7% in 2022 to 1.3% in 2023. The North American region, which is among the leading markets in adopting advanced solutions, is also facing economic instability, with multiple financial institutions collapsing. Many economic experts believe that a combination of steep rises in interest rates, high inflation, and slowdowns in Europe and China will further impact the growth prospects across geographies in 2024.
Optical Sorter Industry Segmentation
The optical sorter is an automated process that enables the user to sort solid products using cameras, lasers, or both, working in conjunction with sensors and software-driven image processing systems. It recognizes objects' color, size, shape, structural properties, and chemical composition.
The optical sorter market is segmented by technology (X-ray transmission, camera solutions, NIR solutions, and other technologies (hyperspectral, laser, etc.)), by end-user industries (food processing, recycling, mining, other end-user industries), and by geography (North America, Europe, Asia Pacific, and Rest of the World). The report offers market forecasts and size in value (USD) for all the above segments.
By Technology | |
X-ray Transmission | |
Camera Solutions | |
NIR-Sensors | |
Other Technologies (Hyperspectral, Laser, etc.) |
By End-user Industries | |
Food Processing | |
Recycling | |
Mining | |
Other End-user Industries |
By Geography*** | |
North America | |
Europe | |
Asia | |
Australia and New Zealand | |
Latin America | |
Middle East and Africa |
Optical Sorter Market Size Summary
The optical sorter market is poised for significant growth, driven by the increasing demand for automation across various industries. Optical sorting technology, which utilizes cameras and sensors to classify solid products based on attributes like color, size, and shape, is becoming essential in sectors such as food processing, pharmaceuticals, and recycling. The market's expansion is fueled by the need to enhance product quality, improve throughput, and reduce labor costs, particularly in the food industry where safety and quality are paramount. The adoption of AI-enabled systems is further propelling the market, as these technologies continuously refine sorting processes, ensuring optimal efficiency and accuracy.
The competitive landscape of the optical sorter market is characterized by the presence of key players like Bühler Holding AG and Key Technology Inc., who are actively investing in research and development to maintain a competitive edge. These companies are expanding their product offerings and forming strategic alliances to enhance their market presence. The market is also witnessing a shift towards freefall platforms, which offer cost-effective and space-saving solutions for food processing and recycling applications. As governments worldwide impose stricter regulations on food safety and recycling, the demand for optical sorters is expected to rise, further driving market growth during the forecast period.
Optical Sorter Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitute Products and Services
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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1.4 Impact of COVID-19 Aftereffects and Other Macroeconomic Trends on the Market
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2. MARKET SEGMENTATION
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2.1 By Technology
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2.1.1 X-ray Transmission
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2.1.2 Camera Solutions
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2.1.3 NIR-Sensors
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2.1.4 Other Technologies (Hyperspectral, Laser, etc.)
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2.2 By End-user Industries
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2.2.1 Food Processing
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2.2.2 Recycling
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2.2.3 Mining
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2.2.4 Other End-user Industries
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2.3 By Geography***
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia
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2.3.4 Australia and New Zealand
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2.3.5 Latin America
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2.3.6 Middle East and Africa
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Optical Sorter Market Size FAQs
How big is the Optical Sorter Market?
The Optical Sorter Market size is expected to reach USD 3.11 billion in 2024 and grow at a CAGR of 9.93% to reach USD 4.99 billion by 2029.
What is the current Optical Sorter Market size?
In 2024, the Optical Sorter Market size is expected to reach USD 3.11 billion.