The Color Detection Sensor market is currently a very important market for the success of industry automation on a global scale. This market has witnessed tremendous growth, thanks to the high level of technological advancements and industrial growth. So, at present the color detection sensors equipment and services market is slated to grow at a compound annual growth rate of 5.9% year for the next five years, and is estimated to reach around $2.45 billion by the year 2018.
Presently, the demand for color detection sensors services is growing at a steady pace across the globe. These sensors are used extensively in all industries for detecting and differentiating an array of colors, and the demand for it is presently growing on a steady basis. The market for the products seems to be increasing mainly due to the global investment patterns. Other factors can include the new developments in the automation market, the increasing demand from end users like food and beverage industry and the innovations made in the technology associated with it, which creates an impact on the color sensor market considerably.
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Color sensors provide a very reliable set of solutions to complex automation challenges. They are used for various purposes, like detecting components, matching color of different components, verifying the steps in the manufacturing process, detecting the color marks on parts, product packaging, and to monitor the color of adhesive tapes used.
The market for color detection sensors can be segregated into a number of types, like color, luminescence, brightness, contrast sensor, color mark sensors. These segments can be further divided to give an in-depth analysis of the market. The market can also be analyzed through market verticals like food and beverage, automotive, textiles, etc. The current lineup of color sensors have a set of significant improvements, like higher precision, detection of more colors, and smaller package size. Use of lustrous and metallic paints, inks in products demands the need for better color sensors, contrast and brightness sensors, for accurate identification purposes.
At present, SICK AG, Banner Engineering, SensoPart and Rockwell Automation are the top four companies in the market who together occupy around 61% of the market share in this field. These companies have their product lines in the RGB/Color sensor, Luminescence, Print mark sensor and Contrast sensor segments.
IndustryARC finds the market for color detection sensors to be a very promising one in the near future. In a report compiled by experts, the future options in this field, including future M&A opportunities. A detailed analysis of the different types of sensors, along with a thorough market analysis of the different parts of the world, to improve the understanding of the base market and the innovative subdivisions in it has been made.
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