By 2022, the global color detecting sensors market is expected to be worth US$ 1.52 billion. The growing use of color detecting sensors in a variety of industries, including automotive, healthcare, industrial automation, and others, is likely to boost market demand.
Color sensing technology is becoming more widely adopted as a result of the advent of industrial automation and technological breakthroughs. This technique is widely used in packaging, textile production, and automotive to detect surface color and monitor color consistency.
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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.
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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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
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