Optical Sorter Market by Type, Platform, Application | COVID-19 Impact Analysis | MarketsandMarkets

1. Optical Sorter Market by Type, Platform, Application | COVID-19 Impact Analysis | MarketsandMarkets The optical sorter market is valued at USD 2.0 billion in 2020 and is expected to reach USD 3.3 billion by 2025; it is expected to grow at a CAGR of 10.2% from 2020 to 2025. A few key factors driving the growth of this market are growing focus on automation to increase productivity, increasing need to reduce process and delivery time in the food industry, rising labor costs, and emerging stringent government regulations regarding food safety. Impact of COVID-19 on optical sorter The outbreak and the spread of COVID-19 have affected the optical sorter market. A number of industry experts are of the opinion that this pandemic will subside by the end of the first quarter of FY2021. Considering the inputs from various industry experts from different stages of the optical sorter value chain (which include component manufacturers, OEMs, system integrators, end users, and distributors) as well as after consulting the financial releases of different companies in the optical sorter market ecosystem for the first, second and third quarters of 2020, it has been estimated that the size of the optical sorter market is expected to witness a decline of 2% from 2019 to 2020. The Optical sorter market for belt platforms is expected to grow at the highest CAGR from 2020 to 2025. The optical sorter market for belt platforms is expected to grow at the highest CAGR from 2020 to 2025. Belt sorting equipment is widely used in various applications such as food, recycling, and mining, as they provide higher sorting accuracy and a low carryover ratio. Belt sorting equipment has high-performance capabilities for fresh, frozen, and dried vegetables and fruits, processed potato products, and nuts. This process minimizes the risk of food contamination further down the line and leads to improved product quality Cameras are expected to hold largest share of optical market during forecast period. Cameras are expected to hold largest share of optical market during forecast period from 2020 to 2025. Camera- based optical sorters are more accurate and can detect minute defects in products; therefore, these optical sorters are preferred in various applications. Cameras are widely used in food sorting applications to sort vegetables and fruits, dried fruits and nuts, and cereals, grains, and pulses. Based on flexibility, monochromatic, dichromatic, and trichromatic cameras that have the capability to detect minute infractions in products, both within and outside of the visible light spectrum, are available in the market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=62115020 Key Market Players TOMRA (Norway), Buhler (Switzerland), Key Technology (US), Binder+Co (Austria), Satake Corporation (Japan), Allgaier Werke (Germany), Hefei Meyer Optoelectrionic Technology (China), TAIHO (China), Daewon GSI (South Korea), Cimbria (Denmark), CP Global (US), GREEFA (Netherlands), National Recovery Technologies (US), NEWTEC (Denmark), Pellenc ST (France), Raytec Vision (Italy), Sesotec (Germany), and STEINERT (Germany) few major players in the optical sorter market. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide

2. including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model –GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441