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Colour Detection Sensors Market By Leading Players SICK AG, Banner Engineering Corporation, Rockwell Automation Inc., Hamamatsu K.K, Omron Corporation, Keyence Corporation, Atlas Scientific LLC, AMS AG, HiTechnic Products, SHIMPO

10-17-2018 11:00 AM CET | Media & Telecommunications

Press release from: The Insight Partners

Colour Detection Sensors Market

Colour Detection Sensors Market

Color detection sensors are powerful sensing devices which sense light and color and differentiate accordingly. These photoelectric sensors use either light to voltage or light to digital or light to frequency methods to sense light and color. Color sensors are used for industrial automation and are currently driving the growth of the automation. Automation finds its application in almost all manufacturing verticals and has also been used significantly in other industry verticals too. Due to the error prone and lengthy nature of manual processes, they have been replaced by automations. Color detection sensors also find their applications in observing consistency of colors in production of textiles and various other processes. Customization, portability and easy-to-use product make it much more attractive for the customers to prefer color detection sensors. These trends eventually enhance the growth of market.

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Major players into color detection sensors market offering services and solutions globally are SICK AG, Banner Engineering Corporation, Rockwell Automation Inc., Hamamatsu K.K, Omron Corporation, Keyence Corporation, Atlas Scientific LLC, AMS AG, HiTechnic Products, SHIMPO and others.

The main driver for this market includes a steep rise in the automation industry coupled with high efficiency demands. Other driving factors are the increasing demands from food and beverage industries who are peculiar about their packaging. Currently, the color detection sensor market is budding at a rapid pace and is expected to grow in the recent future at even higher rates. The undesirable quality of sensors available refrains organizations from opting for it. Accuracy of sensors also limits its market. Color differentiation becomes difficult when the sensor has to encounter shades that are almost similar to each other. If in such cases, sensors interpret them as the same color then the organization is bound to face losses. So, if they are not sure about the machine automated processes, organizations opt for manual processes instead. Cost incurred in setting up color detector systems coupled with the maintenance cost required in it hinders the SME's to invest for this technology. Otherwise, the market has a long way to go unless any substitute found sooner.

The color detection sensor market has been segmented by sensor types into luminescence sensor, RGB sensing, color sensing, brightness sensor and contrast sensor. Further the global color detection sensor market has been fragmented on the basis of applications into healthcare, gas & fluids, commercial & consumer printing, industrial automation and consumer electronics. In addition the global color detection sensor market has been further segmented based by industry verticals into automotive, food & beverage, pharmaceutical, chemical, water treatment, packaging, paper & pulp, consumer electronics, lighting & signage and others.

The color detection sensors market is being significantly used in automation processes in industries. Recent advancements in sensor technologies and features of color detection sensors have found their applications in healthcare industry. Automotive industry leads the global color detection sensors market. Food & beverage, packaging industry are the other verticals which are following the automotive industry closely.

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Highlights key business priorities in order to assist companies to realign their business strategies

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- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
- Examine the current and future impact of the five forces namely: bargaining power of suppliers, bargaining power of buyers, threat of substitutes, threat of new entrants and degree of competition

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