The Asia Pacific Optical Sorter Market is expected to witness market growth of 10.0% CAGR during the forecast period (2021 2027).
An optical sorting machine along with the youngest generation of artificial intelligence color sorter delivers the AI super-brain, which includes X-ray sorting & NIR sorting technologies, and can precisely remove practically all contaminants in the product, with a sorting accuracy of up to 99.9%. Color Sorter machines are widely utilized in the agricultural, recycling, food, and mining industries around the world. Using Internet of Things (IoT) technology, an optical sorter machine integrating artificial intelligence can enable remote on-line intelligent monitoring of the complete sorting line, as well as online maintenance, online debugging, and software upgrades, among other services.
The increasing growth of the region is attributed to countries such as India, the Philippines, China which have a significant GDP rates and draw investments from other countries in the recycling, food, recycling, and mining industries. During the forecast period, the Asia Pacific region has the highest revenue potential in the optical market, owing to recent advances in optical sorting devices by Asian companies such as Hefei Taihe Intelligent Technology Group, Hefei Meyer Optoelectronic Technology, Angelon (China), DAEWON GSI. The Asia Pacific region is catching up to the European and North American regions in terms of market growth due to the increasing deployment of optical sorting technologies. Hence, the growth of the region is expected to accelerate.
Because of the rising demand for optical sorting equipment across the Asia Pacific region, China, as a manufacturing hub and worldwide exporter is expected to observe significant production of the optical sorter market.
The China market dominated the Asia Pacific Optical Sorter Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $327.8 million by 2027. The Japan market is anticipated to grow at a CAGR of 9.2% during (2021 - 2027). Additionally, The India market is expected to exhibit a CAGR of 10.6% during (2021 - 2027).
Based on Application, the market is segmented into Food, Recycling, and Mining. Based on Platform, the market is segmented into Belt, Lane, Hybrid, and Freefall. Based on Type, the market is segmented into Cameras, Lasers, Hyperspectral cameras & Combined Sorters, NIR (near-infrared) and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Buhler Group, Tomra Systems ASA, Hefei Meyer Optoelectronic Technology, Inc., Allgaier Werke GmbH, Key Technology, Inc. (Duravant LLC), Hefei Taihe Intelligent Technology Group Co., Ltd., STEINERT GmbH, Sesotec GmbH, CP Global, and Satake USA, Inc. (Satake Corporation)
An optical sorting machine along with the youngest generation of artificial intelligence color sorter delivers the AI super-brain, which includes X-ray sorting & NIR sorting technologies, and can precisely remove practically all contaminants in the product, with a sorting accuracy of up to 99.9%. Color Sorter machines are widely utilized in the agricultural, recycling, food, and mining industries around the world. Using Internet of Things (IoT) technology, an optical sorter machine integrating artificial intelligence can enable remote on-line intelligent monitoring of the complete sorting line, as well as online maintenance, online debugging, and software upgrades, among other services.
The increasing growth of the region is attributed to countries such as India, the Philippines, China which have a significant GDP rates and draw investments from other countries in the recycling, food, recycling, and mining industries. During the forecast period, the Asia Pacific region has the highest revenue potential in the optical market, owing to recent advances in optical sorting devices by Asian companies such as Hefei Taihe Intelligent Technology Group, Hefei Meyer Optoelectronic Technology, Angelon (China), DAEWON GSI. The Asia Pacific region is catching up to the European and North American regions in terms of market growth due to the increasing deployment of optical sorting technologies. Hence, the growth of the region is expected to accelerate.
Because of the rising demand for optical sorting equipment across the Asia Pacific region, China, as a manufacturing hub and worldwide exporter is expected to observe significant production of the optical sorter market.
The China market dominated the Asia Pacific Optical Sorter Market by Country 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $327.8 million by 2027. The Japan market is anticipated to grow at a CAGR of 9.2% during (2021 - 2027). Additionally, The India market is expected to exhibit a CAGR of 10.6% during (2021 - 2027).
Based on Application, the market is segmented into Food, Recycling, and Mining. Based on Platform, the market is segmented into Belt, Lane, Hybrid, and Freefall. Based on Type, the market is segmented into Cameras, Lasers, Hyperspectral cameras & Combined Sorters, NIR (near-infrared) and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Buhler Group, Tomra Systems ASA, Hefei Meyer Optoelectronic Technology, Inc., Allgaier Werke GmbH, Key Technology, Inc. (Duravant LLC), Hefei Taihe Intelligent Technology Group Co., Ltd., STEINERT GmbH, Sesotec GmbH, CP Global, and Satake USA, Inc. (Satake Corporation)
Scope of the Study
Market Segments Covered in the Report:
By Application
- Food,
- Recycling, and
- Mining
By Platform
- Belt
- Lane
- Hybrid, and
- Freefall
By Type
- Cameras
- Lasers
- Hyperspectral cameras & Combined Sorters
- NIR (near-infrared) and
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
Companies Profiled
- Buhler Group
- Tomra Systems ASA
- Hefei Meyer Optoelectronic Technology, Inc.
- Allgaier Werke GmbH
- Key Technology, Inc. (Duravant LLC)
- Hefei Taihe Intelligent Technology Group Co., Ltd.
- STEINERT GmbH
- Sesotec GmbH
- CP Global
- Satake USA, Inc. (Satake Corporation
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- Exhaustive coverage
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Asia Pacific Optical Sorter Market by Application
Chapter 4. Asia Pacific Optical Sorter Market by Platform
Chapter 5. Asia Pacific Optical Sorter Market by Type
Chapter 6. Asia Pacific Optical Sorter Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Buhler Group
- Tomra Systems ASA
- Hefei Meyer Optoelectronic Technology, Inc.
- Allgaier Werke GmbH
- Key Technology, Inc. (Duravant LLC)
- Hefei Taihe Intelligent Technology Group Co., Ltd.
- STEINERT GmbH
- Sesotec GmbH
- CP Global
- Satake USA, Inc. (Satake Corporation)
Methodology
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