MarketsandMarkets’ research report - "Optical Sorter Market by Type, Platform, Application, and Geography - Global Forecast to 2023" – estimates the overall market for optical sorters to be worth $1.63 Billion in 2017 and is expected to reach $2.87 Billion by 2023, at a CAGR of 9.8% between 2017 and 2023. The increasing need to reduce process and delivery time in the food industry and rising labor costs are the major drivers for the optical sorter market growth.
Highlights
- Camera-based optical sorters are expected to hold a major share during the forecast period
- Belt platform-based optical sorters are expected to grow at the highest CAGR between 2017 and 2023
- North America is expected to hold a major share of the optical sorter market between 2017 and 2023
- Major players in the optical sorter market are TOMRA (Norway), Buhler (Switzerland), Key Technology (US), Binder (Austria), Satake (US), Allgaier Werke (Germany), Cimbria (Denmark), CP Manufacturing (US), GREEFA (Netherlands), NEWTEC (Denmark), National Recovery Technologies (US), Pellenc ST (France), Raytec Vision (Italy), Sesotec (Germany), and STEINERT (Germany).
Hungry for more optical-sorter-market stats? Browse the "Optical Sorter Market - Global Forecast to 2023" report.
MarketsandMarkets Inc.
Northbrook, IL 60062
888-600-6441