Outlook on the Colour Sensor Global Market to 2027 - by Type, Use Cases, Verticals and Region - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--Oct 27, 2022--

The "Global Colour Sensor Market Size, Trends and Growth Opportunity" report has been added to ResearchAndMarkets.com's offering.

The Global Colour Sensor Market was valued at USD 1.95 billion in 2021 and is expected to reach USD 2.54 billion by 2027 at a CAGR of 3.72% from 2022-2027.

Companies Mentioned

• 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.).

A colour sensor is a form of "photoelectric sensor" that emits light from a transmitter and employs a receiver to detect the light that is reflected back from the item under study. Color sensors are used to assess the colour of the surface, and then they are used to shine blue, green, and red LEDs on objects to calculate or test the chromaticity coordinates from the reflected radiation on the objects, and then individuals compare this information with previously saved reference colours.

The accurate measurement, determination, and differentiation of colour is made possible by colour photoelectric sensors, which sense light. For challenging and complex automation tasks, these sensors offer dependable solutions.

Market Drivers

As more businesses around the world become automated, colour sensors are becoming highly significant in the automotive industry and offer a broad range of choices in the market. Additionally, it increased demand for optical sensors in a diverse range of industries and for colour sensing, one of the major applications of optical sensors.

This is the key driver heading increased demand for colour sensors, which is expected to boost the market's growth rate. Without even reprogramming the sensor device, it is simple to alter or change manufacturing settings. This is advantageous in low volume production applications with frequent colour alterations and it would aid in accelerating market expansion.

Technical advances have enabled colour sensor controllers to virtually store and match an infinite number of colours, owing to memory capacity for colour intensity data. The increasing demand for colour sensors from numerous end-user industries, including food and beverage, textile, packaging, petrochemicals, and others, due to their customization, cost-effectiveness, and effortlessness of sensor replacement is also expected to propel the growth of the global colour sensor market.

Tremendous prospects for the market for colour sensors are being produced by the expanding usage of various smartphone technologies. Smartphones and the ambient light CCT may both enhance the user's experience thanks to colour detecting technology and the ability to accurately monitor intensity.

The ability of colour sensors to differentiate between artificial and natural light allows smartphone manufacturers to use them extensively in the devices' optical lenses. This will be a crucial component that opens up favourable possibilities for the development of the market for colour sensors. Furthermore, the emergence of industrial internet of things applications from several emerging economies would cause tremendous chances for the market growth rate during the period covered by the proposed prediction.

Market Restraints

The key factors restricting the growth of the colour sensor market are high implementation and maintenance costs together with sensor inaccuracy. Furthermore, COVID-19's deleterious effects on supply chains and production capacity would further hinder the growth of the colour sensor market. The colour sensors' operating distance range is a challenge. This should be carefully chosen, subjected to effective screening, and installed in a way that will not impede the expansion of the market.

Market Segmentation

By Type

• Colour Discrimination
• Colour Determination
• Colour Measurement

By Use Cases

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

By Verticals

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

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

For more information about this report visit https://www.researchandmarkets.com/r/qoktc9

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