Year | Value |
---|---|
2024 | USD 2.25 Billion |
2032 | USD 4.17 Billion |
CAGR (2023-2032) | 7.96 % |
Note – Market size depicts the revenue generated over the financial year
In the market for sorting equipment, the optical sorter has a major role. The optical sorter is a sorting machine with a sensitivity of 25,000 to 40,000. The CAGR is a very strong 7.96 % from 2023 to 2032. The demand for automation in various industries, especially food, mining and recycling, is driving this growth. The increasing efficiency and cost reduction in companies has led to the increased use of this sorting technique. Artificial intelligence and machine learning are a further impetus for this growth. These innovations make it possible to sort more accurately, thus improving the quality of the products and reducing waste. The main players in the optical sorter market, such as Tomra Sorting, Buhler and Key Technology, are investing heavily in research and development. Strategic initiatives, such as cooperation and partnership agreements to extend the market reach and technological capabilities, are also shaping the competitive landscape and ensuring that the optical sorter market remains agile and responsive to the needs of the various industries.
Regional Market Size
The Optical Sorter Market is expected to grow at a CAGR of around 6% during the forecast period, owing to the advancement in technology and growing automation in industries such as food processing, mining, and others. Various factors such as the regulatory framework, economic conditions, and the rate of technological adoption vary from region to region. The market is characterized by the need for efficiency, quality, and sustainability. The sorting solutions are increasingly being adopted by companies to increase productivity and reduce waste.
“Optical sorters can achieve sorting accuracy levels of up to 99.9%, significantly reducing the amount of waste generated during processing.” — Tomra Sorting Solutions
The optical sorter market is booming, driven by the rising demand for accuracy and efficiency in sorting processes across a number of industries. The need for quality control in the food and recycling industries is the main driver of the market, along with the development of machine vision technology, which enhances sorting capabilities. Regulations promoting food safety and reducing waste also drive the demand for optical sorting solutions. The current optical sorter market is at the implementation stage, with companies such as TOMRA and Bühler leading the way in deploying the technology across Europe and North America. The main applications are in the food and beverage industry, and in mining and mineral extraction, where accuracy is paramount. The increasing trend towards automation in the manufacturing industry is also driving growth. In the long term, the market is expected to be driven by technological developments such as artificial intelligence and advanced camera systems, which enable more sophisticated sorting capabilities.
From 2024 to 2032, the optical sorter market is expected to rise from $2.25 billion to $4.17 billion, at a strong compound annual growth rate (CAGR) of 7.96%. It is mainly driven by the growing automation in various industries, such as food, mining and metal, where precise sorting is essential for the efficiency and quality of the process. The penetration of optical sorting systems in key industries is expected to rise from about 15% in 2024 to more than 30% in 2032. The integration of artificial intelligence and machine learning in optical sorters will improve their capabilities, enabling them to sort more accurately and more quickly. In addition, the stricter regulations on waste management and the sustainable development of society will also promote the use of optical sorting technology in the field of waste management. Food safety and quality assurance are also a new driving force for the optical sorter market. Companies are striving to ensure food safety and comply with hygiene standards. The need for optical sorting is expected to grow steadily, driven by technological innovation and industry needs.
Covered Aspects:Report Attribute/Metric | Details |
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Market Size Value In 2023 | USD 2.07 billion |
Growth Rate | 7.96% (2024-2032) |
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