Press release
Color Detection Sensor Market Size & Share - Industry Trends and Forecast 2016 - 2024
The main objective of this report is to define, describe, and forecast the global “Color Detection Sensor” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Color detection sensors are photo-electric sensors which generally use light to voltage, light to frequency and light to digital techniques to sense color and light. Trans-missive and reflective sensing are two major color sensing systems used in the market. In case of trans-missive sensing, the sensor identifies the color of light that is reflected from a source of light, while in reflective sensing, the sensor identifies the color of light from a particular surface. These sensors provide reliable solutions to difficult automation challenges. They are mostly used for different purposes such as detection of components, verification of stages in manufacturing processes, matching colors of adhesive tape and various components, detection of color marks on parts and packaging of products among others. Moreover, color detection sensors have wide range of applications in the industrial automation sector. With advancement of technology, different color sensors have been developed with significant improvements like smaller package size, high precision and detection of more colors among others.
The color detection sensors market is expected to grow at a steady rate during the forecast period. The major reasons are attributed to increasing development of industries and modern technological advancements. Moreover, these sensors are widely used in various industries for identifying and distinguishing different colors. The ability to differentiate various objects by their respective colors with superior consistency and accuracy has significantly driven the market growth of these sensors. Color detection sensors identify the color of the object by analyzing the light reflected from the surface of the object. Other factors driving the growth of the market are innovations in technology, increasing development in automation industry, rising global investment patterns and growing demand from various end-use industries like packaging, petrochemicals, food & beverage, hardware, textiles and chemicals among others. In addition, increasing usage of metallic and lustrous paints or inks in products is further fuelling the demand for superior color sensors, brightness and contrast sensors for precise identification purposes. However, the cost factor and increasing demand for accuracy and more features are some of the factors restraining the growth of the color detection sensors market.
Color detection sensor market can be broadly classified on the basis of product types, applications, end-use industry and geography. By product type, the market is segmented into color sensing, luminescence sensor, RGB sensor, brightness sensor, print mark sensor and contrast sensor. The market by applications is divided into consumer and commercial printing, health and wellness, lighting and digital signage, gas and fluid analysis and industrial automation. In terms of end-use industry, the market is sub-divided into food and beverage, automotive, textiles, chemical, pharmaceutical, paper and pulp, packaging and consumer industry among others.
By geography, the color detection sensor market is segmented into North America, Europe, Asia pacific, Middle East and Africa and Latin America. Currently Europe is dominating the market in terms of revenue, owing to huge technological advancements in this region. Moreover, large number of suppliers of color detection sensors have their widespread presence in Europe. However, Asia Pacific is likely to grow at the highest CAGR, owing to newly establishing industries and innovation in technology among others. Moreover, there is also significant growth opportunity for this market in Middle East and Africa and Latin America.
Top players in the market for color detection sensors are Ams AG (Austria), ASTECH GmbH (Germany), Atlas Scientific LLC (U.S.), Banner Engineering (U.S.), Balluff GmbH (Germany), Baumer (Germany), CTi Automation (Mexico), Datalogic S.p.A (Italy), EMX Industries Inc. (U.S.), SICK AG (Germany) Hamamatsu Photonics K.K. (Japan), Hans TURCK GmbH Co. KG (Germany), InfraTec GmbH (Germany), JENOPTIK AG (Germany), Keyence Corp (Japan), OMRON Corporation (Japan), and Panasonic Corp. (Japan) among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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