Color Detection Sensors Market Outlook (2022-2032)
The global color detection sensors market is projected to reach a valuation of US$ 1.52 Bn by 2022. Demand in the market is expected to increase with rising application of color detection sensors in diverse industries such as automotive, healthcare, industrial automation, and others.
Report Attribute
Details
Expected Market Value (2022)
US$ 1.52 Billion
Anticipated Forecast Value (2032)
US$ 1.98 Billion
Projected Growth Rate (2022 to 2032)
5.6% CAGR
Advent of industrial automation and advancements in technology is improving the adoption of color sensing technology across several industries. This technology is extensively used for detecting color of the surface and to monitor the color consistency in packaging, textile production, and automotive.
On account of this, the overall sales of color detection sensors are expected to surpass US$ 1.98 Bn, exhibiting growth at over 5.6% CAGR during the forecast period (2022-2032). Further, growing penetration of smart devices such as smart phones, LED and OLED television has increased the demand for RGB and brightness sensors.
In terms of product type, the RGB detection sensors segment is estimated to witness fastest growth in the global color detection sensors market. However, with rising adoption of smartphones worldwide, the sales of contrast and brightness sensors are anticipated to surge by 2032.
RGB sensors are integrated in smart phone devices and tablets to ensure accurate skin tones and color consistency for the camera. For instance, OMNIVISION, announced the launch of new display technology, Nyxel® near-infrared (NIR) technology ?the new OX05B1S, which is the first 5 megapixel (MP) RGB-IR BSI global shutter sensor introduced in the automotive industry for in-cabin monitoring systems (IMS).
Which are the Prominent Drivers Propelling the Color Detection Sensors Market Demand?
Rapid technological advancements in automation industry is propelling the demand for color detection sensors technology across the globe. Burgeoning use of contrast sensors in packaging and printing applications is anticipated to drive the sales in the market.
These sensors are increasingly used to ensure the correct positioning of the packaging material and for synchronized quality inspection in packaging industry. Hence, expansion of packaging sector is poised to create lucrative growth prospects for color detection sensors market players.
Besides this, increasing adoption of RGB (red-green-blue) sensors in smartphones is another major factor driving the demand in the market. With surging use of social media platforms, need for perfect skin tones and color correction for the camera has propelled the sales of color detection sensors.
Hence, key players are integrating advanced technologies such as real-time data and artificial intelligence to ensure the premium quality of color detection sensors. This is projected to create conducive environment for the color detection sensors market growth.
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What are the Challenges Faced by the Color Detection Sensors Market?
High cost for small scale industries is one of the prominent factor expected to hamper the sales of color detection sensors across low- and middle-income countries. Besides this, this technology is easily affected by harsh weather condition and external environment factors.
This is likely to affect the accuracy of color detection sensors, limiting the sales in the market. Hence, some of the leading players are integrating cutting-edge technologies to ensure accurate results, increasing the cost of production.
Why is Asia-Pacific Emerging as Remunerative Color Detection Sensors Market?
Asia Pacific is anticipated to be the most lucrative market for color detection sensors. Increasing automation in various industries such as wastewater treatment, healthcare, and others are creating growth opportunities for the market in Asia Pacific.
Favorable initiatives for the development of oil and gas sector is pushing the adoption of color detection sensors for the extraction of oil and gas, especially across India. This is projected to propel the demand in the market over the forecast period.
Moreover, increasing research and development activities among semi-conductor manufacturing companies for the development of advanced technology and IC-related products will boost the market in Asia Pacific.
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How is Europe Contributing to Growth of the Color detection sensors Market?
Europe is expected to provide immense growth opportunities for color detection sensors, with Germany leading the growth in the market. Extensive applications in the packaging and automotive industries is pushing the sales of color detection sensors across Germany.
Demand for color detection sensors is also surging in the U.K amid robust expansion of packaging and printing industries. This is estimated to generate favorable conditions for the growth in the Europe color detection sensors market.
Market Competition
Some of the key players in global color detection sensors market include SensoPart Industriesensorik GmbH, SICK AG, Rockwell Automation, Inc., ifm electronic gmbh, Hamamatsu photonics K.K., Banner Engineering Corp., Omron Corporation, Pepperl+Fuchs GmbH, and Keyence Corporation among others.
Leading players in color detection sensors market are focusing on product launches and introduction of new technology to expand their product portfolio. Some of the companies are collaborating with leading packaging and healthcare companies to generate lucrative revenues and gain competitive edge in the market.
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Report of Scope
Report Attribute
Details
Growth Rate
CAGR of 5.6% from 2022 to 2032
Base Year for Estimation
2021
Historical Data
2015 to 2020
Forecast Period
2022 to 2032
Quantitative Units
Revenue in US$ Billion and CAGR from 2022 to 2032
Report Coverage
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered
Product Type
Industry Vertical
End-Users
Region
Regions Covered
North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East and Africa
Key Countries Profiled
USA
Canada
Brazil
Argentina
Germany
UK
France
Spain
Italy
Nordics
BENELUX
Australia & New Zealand
China
India
ASEAN
GCC
South Africa
Key Companies Profiled
SICK AG
Banner Engineering Corp.
SensoPart Industriesensorik GmbH
Rockwell Automation Inc.
ifm electronic gmbh
Hamamatsu photonics K.K.
Pepperl+Fuchs GmbH
Omron Corporation
Keyence Corporation
Others
Customization
Available Upon Request
Key Segments Profiled in the Color Detection Sensors Industry Survey
Product Type:
Color Sensing
RGB Sensors
Luminescence Sensors
Contrast Sensors
Brightness Sensors
Others
Industry Verticals:
Automotive
Food & Beverage
Packaging
Textiles
Pharmaceutical
Production unit automation
Chemical
Lighting & signage
Others
End-User Industry:
Healthcare
Printing
Consumer electronics
Lighting and signage
Industrial automation
Fluid analysis
Others
Region:
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Japan
Middle East & Africa
Frequently Asked Questions
At what rate will the color detection sensors market grow until 2032?
FMI projects the global color detection sensors market to expand at a 5.6% CAGR during the assessment period (2022-2032).
Which region is forecast to emerge as the leading color detection sensors market?
Asia Pacific is expected to be the most lucrative color detection sensors market, followed by Europe
Who are some of the prominent color detection sensors manufacturers?
OMRON Corporation, Rockwell Automation, Inc.., Panasonic Corporation and SensoPart Industriesensorik GmbH are some of the prominent color detection sensors manufacturers.
