Global Color Detection Sensors Market to Surpass US$ 2 Billion by 2025, Asia Pacific to Lead Growth

The color detection sensors market is likely to surpass US$ 2 billion by 2025, growing at a CAGR of over 9% during the assessment period 2017-2025. These projections are according to a new research study titled “Global Market Study on Color Detection Sensors: Color Sensors to Face Intense Competition from Contrast Sensors in the Near Future” added to the vast repository of Market Research Reports Search Engine (MRRSE).

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According to the research study, the color detection sensors market is likely to witness steady growth on account of growing applications in packaging industry. Color detection sensors are widely used in the packaging industry for position detection and quality inspection. These are also used in the packaging industry for ensuring closing in or filling in the operations, and also for reliable mark detection.

The increasing trend of automation across various end-use industries is also promoting the demand for color detection sensors globally. Error detection and efficient sorting of products can be seamlessly achieved with the use of color detection sensors. According to the report, leading players across a wide range of industries such as packaging, chemicals, and food & beverages are investing in automation products, and this is likely to provide an impetus to growth of color detection sensors market.

The research study offers segment-wise analysis and insights to offer readers in-depth analysis on the color detection sensors market. According to the study, the key sensor types include luminescence, contrast, RGB, brightness, and color. The key application segments analyzed in the research study include chemicals, cosmetics, textile, food & beverages, packaging & printing, life sciences, and wood & paper processing.

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The business intelligence study also offers analysis on the basis of region. According to the study, Asia Pacific is likely to remain one of the leading markets for color detection sensors market. The region is home to a number of manufacturing units that export to some of the leading economies in the world. Many industries in the region are witnessing slow, yet steady investment in automation technologies and equipment, and this is likely to provide an impetus to growth.

The study discusses the competitive landscape of the color detection sensors market in detail. According to the study, some of the leading players in the color detection sensors market include Rockwell Automation, Inc., ams AG, SICK AG, Datalogic S.p.A., Hamamatsu Photonics K.K., and Panasonic Corporation. These players are focusing on introducing new technologies to consolidate their position in the marketplace.

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This release was published on openPR.