Optical Sorter Market Segmentation By Type (Cameras, Lasers, NIR Sorters, Hyperspectral Cameras & Combined Sorters), By Platform (Belt, Free-Fall, Lane, and Hybrid), and By Application (Food, Recycling, and Mining) Industry Forecast | 2024 to 2029

Updated On: January, 2024

ID: 9897

Pages: 175

Optical Sorter Market Size, Share, Growth (2023-2028)

Optical Sorter Market is anticipated to expand up to USD 3.43 Billion by 2028 from USD 1.89 Billion in 2023, registering a CAGR of 9.24% over the period of 2023-2028

Optical Sorter Market Overview

Optical sorting is an automated process of sorting solid products by utilizing cameras and/or lasers. These optical sorters are able to recognize the color, size, shape, structural properties, and chemical composition of an object, depending on a type of sensor and the software-driven intelligence of the image processing system that is employed.The major factor that was influencing the growth of the Global Optical Sorter Market is the expansion of the food industry, which is led by productivity, economic, efficiency, and environmental pressures because of the growing demand that was leading to food supply complex and multifaceted. Also, numerous vendors are developing enhancements, continuous, with the lenses & cameras and building systems, which are quicker and better at picking & recovering the materials.

Recent Developments

Swiss Bühler Group, one of the major players of the Global Optical Sorter Market, has announced that it are going to extend its collaboration and a global partnership with the Premier Tech, for bulk packaging, and their joint venture in China.
TOMRA Sorting Recycling, a Norwegian multinational corporation that is known for manufacturing the advanced solutions of collection and sorting for the optimization of resource, has announced that they are going to hold their first live digital launch event, under the motto "Symphony of all Sorts" for presenting their new complementary products for sorting all types of waste with high accuracy.

Optical Sorter Market Drivers and Restraints

The high demand for optical sorters from developed regions such as the US and European food industries are the major factor that is driving the growth of the Global Optical Sorter Market.Also, the growing implementations of stringent rules & regulations for food safety and the growing cost of labor in the regions like Europe and Asia-Pacific are making the various industries to adopt these optical sorters, which are turning into boost the growth of the target market, all around the world. Further, the rising adoption of advanced technologies in waste recycling plants is another key factor that was further fuelling the growth of the Optical Sorter Market. However, the involvement of expensive initial investments in capital and the high maintenance costs are the major restraints that are becoming the challenges for the growth of the Optical Sorter Market, all around the world. In addition, the complexities that are in sorting plastic waste is another major factor that was hampering the growth of the target market nonetheless, increasing the adoption of technologies of digital sorting in numerous industries is creating lucrative opportunities for the expansion of the key players in the Global Optical Sorter Market.

Optical Sorter Market Segmentation

Based on the type of device, the global Optical Sorter market is segmented into Cameras, Lasers, NIR Sorters, and Hyperspectral Cameras & Combined Sorters.
And based on the type of platform, the global Optical Sorter market is segmented into Belt, Freefall, Lane, and Hybrid.
On the application segmentation, the global Optical Sorter market is segmented as Food, Recycling, and Mining.

Optical Sorter Market Regional analysis

North America
Europe
Asia-Pacific
South America
Middle East & Africa

In the regional analysis of the Global Optical Sorter Market, North America held the significant share of the global market, in the revenue aspect. North America was the first region to introduce automated equipment in the food industry. Due to this, the food companies in this region are more inclined and are open to adopting the equipment that is automated such as the optical sorters for increasing productivity and maximizing the yield. This openness of the food industry and growing technological advancements are the major factors that are driving the growth of the North American optical sorter market. And the other key factor that was boosting the growth of the target market is the implementation of stringent regulations for food safety in the US and Canada. The food companies in this area need to comply with these regulations & standards which more achievable through the automation of the industry.

The Asia-Pacific optical sorter market is another regional business that accounted for the second-largest share of the global market with around 20% of the revenue share. It is estimated that the target market in this region is going to witness the highest growth rate over the forecast period. The major factors that were driving the growth of the Optical Sorter Market in the Asia-Pacific region are the rising adoption of intelligent solutions and the rapid growth of digitalization in the region. Also, the growing integration of AI technologies in the equipment is providing the companies to feature the advanced analytics, monitoring, and automation of various processes. Thus the manufacturers are the ones that are developing the sorting technologies that are AI-based for providing effective & intelligent solutions for the operations & processes of industrial processes.