Color Detection Sensor Market: Global Industry Analysis, Trends, Market Size & Forecasts to 2023
Color detection sensors are essential part of optical and photoelectric
sensors, which can detect light and color. There are three different modes of detection
they are light-to-voltage, light-to-digital, and light-to-frequency. Color detection sensors are used to sort colored products, identify coded
markings, and verify or detect the presence of adhesive or date codes on a
package. These sensors can detect even a minor variation in color and are used
in several industries.
Figure 1: Global Color
Detection Sensor Market projection
Market Insights
The global color detection sensor market was sized over USD 1.25 billion in 2015. The global color detection sensor market is projected to grow with a CAGR between 5.5% and 6.0% during 2017-2023. Growth
in industrial automation, increasing
usage of color sensors in smartphones, rising demand for processed and frozen
food are the key factor driving the growth of the global color
detection sensor market. Moreover, low
reliability in harsh conditions, shortening of sensing range reduces sensor
performance, performance gets affected due to sensitivity to moisture are the
key factors restraining the growth of this market. Advanced technologies such
as true color sensing and spectral sensing and growing application of
industrial IoT, and emerging economies are likely to bring more opportunities
to this market.
Segments Covered:
The report segments the color detection sensor market by product and by
region. Market segmentation based on product include color sensors, luminescence
sensors, contrast sensors and brightness sensors.
Geographic Coverage and Analysis:
The report
provides regional analysis covering geographies such as North America, Europe,
Asia-Pacific, and Rest of the World. In this section the key trends and market
size for each geography is provided over the period of 2015 – 2023.
Figure 2: Global Color
Detection Sensor Market by Region
Europe dominated the global color detection sensor market in 2015, due to
the presence of textile, automotive, and food and beverage industries followed
by Asia Pacific and North America. Furthermore, APAC is likely to grow rapidly at
the highest CAGR due to the large market base for smartphones, tablets, and
phablets. Moreover, North America will grow at a moderate rate and maintain its
market share during the forecast period.
Companies Profiled:
The
companies covered in the report include Baumer, CTi Automation, Datalogic S.p.A,
Ams AG, ASTECH GmbH, SICK AG, Hamamatsu Photonics K.K., Atlas Scientific LLC,
Banner Engineering, Balluff GmbH, EMX Industries Inc., Hans TURCK GmbH Co. KG,
InfraTec GmbH, JENOPTIK AG, Keyence Corp, OMRON Corporation, and Panasonic Corp.
Report Highlights:
