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Global Colour Sensor Market Size, Trends and Growth Opportunity, By Type, By Use Cases, By Verticals, By Region and Forecast to 2027.

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    Report

  • 175 Pages
  • September 2022
  • Region: Global
  • Qualiket Research
  • ID: 5655877
UP TO OFF until Jan 13th 2023

Global Colour Sensor Market Size, Trends and Growth Opportunity, By Type (Colour Discrimination, Colour Determination, Colour Measurement), By Use Cases (Commercial and Consumer Printing, Health and Wellness, Fluid and Gas Analysis, Lighting and Digital Signage, Consumer Electronics, Industrial Automation), By Verticals (Food and Beverage, Automotive, Textiles, Chemical, Pharmaceutical, Water Treatment, Packaging, Paper and Pulp, Lighting and Signage, Consumer Electronics, Factory Automation, Others), By Region and forecast till 2027.



Global Colour Sensor Market

Global Colour Sensor Market was valued at USD 1.95 billion in 2021 and is expected to reach at USD 2.54 billion by 2027 at a CAGR of 3.72% from 2022-2027.

A colour sensor is a form of "photoelectric sensor" that emits light from a transmitter and employs a receiver to detect the light that is reflected back from the item under study. Color sensors are used to assess the colour of the surface, and then they are used to shine blue, green, and red LEDs on objects to calculate or test the chromaticity coordinates from the reflected radiation on the objects, and then individuals compare this information with previously saved reference colours. The accurate measurement, determination, and differentiation of colour is made possible by colour photoelectric sensors, which sense light. For challenging and complex automation tasks, these sensors offer dependable solutions.

Market Drivers

As more businesses around the world become automated, colour sensors are becoming highly significant in the automotive industry and offer a broad range of choices in the market. Additionally, it increased demand for optical sensors in a diverse range of industries and for colour sensing, one of the major applications of optical sensors. This is the key driver heading increased demand for colour sensors, which is expected to boost the market's growth rate. Without even reprogramming the sensor device, it is simple to alter or change manufacturing settings. This is advantageous in low volume production applications with frequent colour alterations and it would aid in accelerating market expansion. Technical advances have enabled colour sensor controllers to virtually store and match an infinite number of colours, owing to memory capacity for colour intensity data. The increasing demand for colour sensors from numerous end-user industries, including food and beverage, textile, packaging, petrochemicals, and others, due to their customization, cost-effectiveness, and effortlessness of sensor replacement is also expected to propel the growth of the global colour sensor market.

Tremendous prospects for the market for colour sensors are being produced by the expanding usage of various smartphone technologies. Smartphones and the ambient light CCT may both enhance the user's experience thanks to colour detecting technology and the ability to accurately monitor intensity. The ability of colour sensors to differentiate between artificial and natural light allows smartphone manufacturers to use them extensively in the devices' optical lenses. This will be a crucial component that opens up favourable possibilities for the development of the market for colour sensors. Furthermore, the emergence of industrial internet of things applications from several emerging economies would cause tremendous chances for the market growth rate during the period covered by the proposed prediction.

Market Restraints

The key factors restricting the growth of the colour sensor market are high implementation and maintenance costs together with sensor inaccuracy. Furthermore, COVID-19's deleterious effects on supply chains and production capacity would further hinder the growth of the colour sensor market. The colour sensors' operating distance range is a challenge. This should be carefully chosen, subjected to effective screening, and installed in a way that will not impede the expansion of the market.


Impact of COVID-19


Due to the severe social isolation and lockdowns brought on by this corona virus, the COVID-19 had an unfavorable effect on the market for colour sensors. The demand for colour sensor-based technology has been affected by the company' temporary shutdown, concern about economic growth, and poor customer confidence. During this pandemic, the logistical processes were delayed as well as the raw material supply chain. However, it is anticipated that the colour sensor industry will pick up speed in the post-pandemic scenario.

Market Segmentation

Global Colour Sensor Market is segmented into Type, Use Cases, and Verticals. By Type such as Colour Discrimination, Colour Determination, Colour Measurement. By Use Cases such as Commercial and Consumer Printing, Health and Wellness, Fluid and Gas Analysis, Lighting and Digital Signage, Consumer Electronics, Industrial Automation. By Verticals such as Food and Beverage, Automotive, Textiles, Chemical, Pharmaceutical, Water Treatment, Packaging, Paper and Pulp, Lighting and Signage, Consumer Electronics, Factory Automation, Others.

Regional Analysis

Global Colour Sensor Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In terms of sales and market share, Europe dominates the market for colour sensors. This is because there are several colour sensors companies in this area. Due to the rising number of manufacturing operations and growing use of sensors in the region's automotive industry, Asia-Pacific is predicted to have the quickest rate of development during the projected period.

Key Players

This report includes a list of numerous Key Players, namely Sick AG (Germany), EMX Industries Inc (U.S.), InfraTec GmbH (Germany), Control Technology, Inc. (U.S.), Panasonic Corporation (Japan), ASTECH Angewandte Sensortechnik GmbH (Germany), Banner Engineering Corp. (U.S.), Keyence Corporation (Japan), Baumer (U.S.), Rockwell Automation, Inc. (U.S.).

Market Taxonomy

By Type

  • Colour Discrimination
  • Colour Determination
  • Colour Measurement

By Use Cases

  • Commercial and Consumer Printing
  • Health and Wellness
  • Fluid and Gas Analysis
  • Lighting and Digital Signage
  • Consumer Electronics
  • Industrial Automation

By Verticals

  • Food and Beverage
  • Automotive
  • Textiles
  • Chemical
  • Pharmaceutical
  • Water Treatment
  • Packaging
  • Paper and Pulp
  • Lighting and Signage
  • onsumer Electronics
  • Factory Automation
  • Others.

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa.
Frequently Asked Questions about the Global Colour Sensor Market

What is the estimated value of the Global Colour Sensor Market?

The Global Colour Sensor Market was estimated to be valued at $1.95 Billion in 2021.

What is the growth rate of the Global Colour Sensor Market?

The growth rate of the Global Colour Sensor Market is 3.7%, with an estimated value of $2.54 Billion by 2027.

What is the forecasted size of the Global Colour Sensor Market?

The Global Colour Sensor Market is estimated to be worth $2.54 Billion by 2027.

Who are the key companies in the Global Colour Sensor Market?

Key companies in the Global Colour Sensor Market include Sick AG (Germany), EMX Industries Inc (U.S.), InfraTec GmbH (Germany), Control Technology Inc. (U.S.), Panasonic Corporation (Japan), ASTECH Angewandte Sensortechnik GmbH (Germany), Banner Engineering Corp. (U.S.), Keyence Corporation (Japan) and Rockwell Automation Inc. (U.S.)..

Table of Contents

1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Colour Sensor Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Colour Sensor Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Colour Sensor Market Share Analysis, By Type
5.3 Global Colour Sensor Market Size and Forecast, By Type
5.3.1 Colour Discrimination
5.3.2 Colour Determination
5.3.3 Colour Measurement
6 Global Colour Sensor Market, By Use Cases
6.1 Y-o-Y Growth Comparison, By Use Cases
6.2 Global Colour Sensor Market Share Analysis, By Use Cases
6.3 Global Colour Sensor Market Size and Forecast, By Use Cases
6.3.1 Commercial and Consumer Printing
6.3.2 Health and Wellness
6.3.3 Fluid and Gas Analysis
6.3.4 Lighting and Digital Signage
6.3.5 Consumer Electronics
6.3.6 Industrial Automation
7 Global Colour Sensor Market, By Verticals
7.1 Y-o-Y Growth Comparison, By Verticals
7.2 Global Colour Sensor Market Share Analysis, By Verticals
7.3 Global Colour Sensor Market Size and Forecast, By Verticals
7.3.1 Food and Beverage
7.3.2 Automotive
7.3.3 Textiles
7.3.4 Chemical
7.3.5 Pharmaceutical
7.3.6 Water Treatment
7.3.7 Packaging
7.3.8 Paper and Pulp
7.3.9 Lighting and Signage
7.3.10 consumer Electronics
7.3.11 Factory Automation
7.3.12 Others.
8 Global Colour Sensor Market, By Region
8.1 Global Colour Sensor Market Share Analysis, By Region
8.2 Global Colour Sensor Market Share Analysis, By Region
8.3 Global Colour Sensor Market Size and Forecast, By Region
9 North America Colour Sensor Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Colour Sensor Market Share Analysis, By Type
9.3 North America Colour Sensor Market Size and Forecast, By Use Cases
9.4 North America Colour Sensor Market Size and Forecast, By Verticals
9.5 North America Colour Sensor Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Colour Sensor Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Colour Sensor Market Share Analysis, By Type
10.3 Europe Colour Sensor Market Size and Forecast, By Use Cases
10.4 Europe Colour Sensor Market Size and Forecast, By Verticals
10.5 Europe Colour Sensor Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4. Rest of Europe
11 Asia Pacific Colour Sensor Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Colour Sensor Market Share Analysis, By Type
11.3 Asia Pacific Colour Sensor Market Size and Forecast, By Use Cases
11.4 Asia Pacific Colour Sensor Market Size and Forecast, By Verticals
11.5 Asia Pacific Colour Sensor Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Colour Sensor Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Colour Sensor Market Share Analysis, By Type
12.3 Latin America Colour Sensor Market Size and Forecast, By Use Cases
12.4 Latin America Colour Sensor Market Size and Forecast, By Verticals
12.5 Latin America Colour Sensor Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Colour Sensor Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Colour Sensor Market Share Analysis, By Type
13.3 Middle East Colour Sensor Market Size and Forecast, By Use Cases
13.4 Middle East Colour Sensor Market Size and Forecast, By Verticals
13.5 Middle East Colour Sensor Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Sick AG
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 EMX Industries Inc
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 InfraTec GmbH
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Control Technology, Inc.
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Panasonic Corporation
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 ASTECH Angewandte Sensortechnik GmbH
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Banner Engineering Corp.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Keyence Corporation
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Baumer
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Rockwell Automation, Inc.
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies

Companies Mentioned

  • Sick AG (Germany)
  • EMX Industries Inc (U.S.)
  • InfraTec GmbH (Germany)
  • Control Technology Inc. (U.S.)
  • Panasonic Corporation (Japan)
  • ASTECH Angewandte Sensortechnik GmbH (Germany)
  • Banner Engineering Corp. (U.S.)
  • Keyence Corporation (Japan)
  • Baumer (U.S.)
  • Rockwell Automation Inc. (U.S.).