Global Colour Sensor Market – Industry Trends and Forecast to 2029

Colour Sensor Market Analysis and Size

A strong increase in the automation sector with high-efficiency demands is a vital driver for colour sensor market. Also, rising demand of colour sensor from the food and beverage sector are specific about their packaging, are expected to boost market growth during the forecast period of 2022-2029. Furthermore, Colour sensors are used for numerous purposes such as component detection, which is verifying steps in manufacturing processes, product packaging, distinguishing colour marks on parts and monitoring colour of adhesive tapes.

Data Bridge Market Research analyses that the colour sensor market was valued at USD 1.95 billion in 2021 and is expected to reach USD 3.68 billion by 2029, registering a CAGR of 8.25 % during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Colour Sensor Market Scope and Segmentation

Market Definition

Colour sensors are used for sensing the surface's color and then casting light such as blue, green and red LEDs on the objects to calculate or test the chromaticity coordinates from the reflected radiation on the objects and compare with previously stored reference colours. Colour photoelectric sensors provide light sensing for accurate colour measurement, discrimination and determination. These sensors provide reliable solutions to complex and difficult automation challenges.

Colour Sensor Market Dynamics

Drivers

• Rising demand of colour sensor in automotive sector

Colour sensors play a vital role in the automotive sector and provide ample opportunities in the colour sensor market because of increasing automation across several global industries. It also increased the demand for optical sensors across many industries and colour sense, one of the major subjects of optical sensors. This is the major factor that increase the demand for the colour sensor and are estimated to increase the market growth rate.

• Increasing demand of color sensor in multiple industries

The growing demand for color sensors from several end-user industries such as food and beverages, textile, packaging, petrochemicals and among others, due to their customization, cost-effectiveness and easy replacement of sensors is also expected to drive the growth of the global colour sensor market.

Opportunities

• Increased penetration towards smartphones technologies

A wide use of varied smartphones technology is creating ample opportunities for the colour sensor market. Colour sensing technology and the ability to accurately measure intensity enable smartphones and the ambient light CCT to increase its user experience. The colour sensors distinguish between artificial and natural light which is serving smartphone manufacturers to widely use them in the optical lenses of smartphones. This will be the major the major factor which will create beneficial opportunities for the growth of the colour sensor market.

Moreover, increasing applications of industrial internet of things from several emerging economies will further immense opportunities for the market growth rate in the above mentioned forecast period.

Restraints/ Challenges

• High cost associated with colour sensor

High implementation and maintenance cost and inaccuracy of sensors are the major factor which are acting as market restraints and obstruct the growth of the colour sensor market

Moreover, the negative impact of COVID-19 on manufacturing unit and supply chain will also act as market restraint and further challenge the growth rate of the colour sensor market.   

This colour sensor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the colour sensor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Colour Sensor Market

The COVID-19 had a negative impact on the colour sensor market due to the strict social distancing and lockdowns due to this corona virus. The partial shutdown of the business, uncertainty in economic growth and low consumer confidence has impacted the demand of the colour sensor based technology. The supply chain of raw materials got hindered during this pandemic along with the delay in the logistics activities. However, the colour sensor market is estimated to recover its pace during the post pandemic scenario.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Colour Sensor Market Scope

The colour sensor market is segmented on the basis of type, use cases and verticals. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Colour Discrimination
• Colour Determination
• Colour Measurement

Use Cases

• Commercial and Consumer Printing
• Health and Wellness
• Fluid and Gas Analysis
• Lighting and Digital Signage
• Consumer Electronics
• Industrial Automation

Verticals

• Food and Beverage
• Automotive
• Textiles
• Chemical
• Pharmaceutical
• Water Treatment
• Packaging
• Paper and Pulp
• Lighting and Signage
• Consumer Electronics
• Factory Automation
• Others

Colour Sensor Market Regional Analysis/Insights

The colour sensor market is analysed and market size insights and trends are provided by country, type, use cases and verticals as referenced above.

The countries covered in the colour sensor market report  U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the colour sensor market in terms of revenue and market share. This is due to the prevalence of several colour sensor manufacturers in this region.

Asia-Pacific is expected to be the fastest developing region during forecast period of 2022-2029 due to the increasing number of manufacturing units and increasing application of sensor in automotive industry in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Colour Sensor Market Share Analysis

The colour sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to colour sensor market.

Some of the major players operating in the colour sensor market are:

• Sick AG (Germany)
• EMX Industries Inc (U.S.)
• InfraTec GmbH (Germany)
• Control Technology, Inc. (U.S.)
• Panasonic Corporation (Japan)
• ASTECH Angewandte Sensortechnik GmbH (Germany)
• Banner Engineering Corp. (U.S.)
• Keyence Corporation (Japan)
• Baumer (U.S.)
• Rockwell Automation, Inc. (U.S.)
• SensoPart Industriesensorik GmbH (Germany)
• ifm electronic gmbh (Germany)
• Hamamatsu photonics K.K. (Japan)
• Pepperl+Fuchs (Germany)
• OMRON Corporation (Japan)
• Datalogic S.p.A. (Italy)
• IDEC Corporation (Japan)
• Micro-Epsilon (Germany)
• NIDEC-SHIMPO CORPORATION (Japan)

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