Optical Sorter Market to grow at a CAGR of 5.5 percent to reach USD 3.67 Bn by 2029

(IT-NEWSWIRE.COM, April 05, 2023 ) As per Maximize Market research, the total global market for “Optical Sorter Market” was USD 2.39 Bn in 2021 and is expected to grow at a CAGR of 5.5 percent over the forecast period to reach USD 3.67 Bn by 2029.

Optical Sorter Market Report Scope and Research Methodology

The report includes an in-depth region-wise and segment-wise analysis of the Optical Sorter Market size and share. The data for the report is gathered by using both the research methodologies that are primary and secondary and the data collected through research was combined for accurate inference.

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Optical Sorter Market Dynamics:

The Optical Sorter Market is majorly driven by the increasing demand food industry held the largest share of optical sorter market in 2021 and is expected to keep its dominance over forecast period. An increased demand for good quality food products with a shorter delivery cycle, stringent regulations for food safety, growing automation are major drivers for the growth of food industry application.

Optical Sorter Market Regional Insights:

Global Optical Sorter Market is segmented into North America, Europe, APAC, Latin America and MEA&A. Among all of these North America held 43.56% in 2021 and is expected to keep its dominance over forecast period. Many North American companies have integrated AI technology into an optical sorter equipment for advanced analytics, monitoring, and automation of the processes.

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Optical Sorter Market Segmentation:

By Product

Lasers

NIR Sorters

Cameras

Hyperspectral Cameras and Combined Sorters

By Platform

Freefall

Lane

Belt

Hybrid

By Application

Recycling

Mining

Food

Optical Sorter Market Key Competitors include:

Buhler

Binder

Tomra

Key Technology

Allgaier Werke

Satake

CP Manufacturing

Cimbria

Greefa

Pellenc ST

Raytec Vision

Steinert

TAIHO

Daewon GSI

Cimbria

Daewon GSI

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Maximize Market Research is leading Information Electronics research firm, has also published the following reports:

Sorting Equipment Market- The market size is expected to reach USD 5.67 Bn. by 2029 at a CAGR of 5.50 percent during the forecast period.

Color Sorting Machine Market- The Market size is expected to reach USD 3.91 Bn by 2029 at a CAGR of 10.2 percent during the forecast period.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

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Optical Sorter Market to grow at a CAGR of 5.5 percent to reach USD 3.67 Bn by 2029