2. EXECUTIVE SUMMARY
Color sensors are photoelecric sensors which use light to digital (LTD), light to voltage (LTV)
and light to frequency (LTF) methods to sense light and color. There are two basic color sensing
systems: reflective and transmissive. In reflective sensing, the sensor detects the color of light
reflected from a surface, while in transmissive sensing, the sensor detects the color of light from
a light source. The Color Detection sensor market is crucial for the success of industry
automation on a global scale. This market has been witnessing tremendous growth due to
increasing industries and new technological advancements. Advanced Economies also maintain
a stable growth mainly due to reimbursements offered for specific equipment and health policies
of government and private entities. Portability, customization, ease of use, and automation are
the key factors that Color Detection sensors market players use to differentiate their products
and services.
The Color Detection sensors equipment and services market is slated to grow at 5.9% year on
year for the next five years. The market is estimated to reach $2.45bn by 2018
SAMPLE TABLE: GLOBAL COLOR DETECTION SENSOR DEMAND ANALYSIS
BY TYPE (2013-18)
Type
RGB sensors
Color mark sensors
Luminescence sensors
Contrast sensors
Brightness Sensor
Total
Source: IndustryARC Analysis
2013
$Bn
2015
2017
2018
$Bn
CAGR (%)
2013-2018
xx
xx
xx
xx
xx
1.84
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
xx
2.45
3.6%
6.6%
8.1%
6.2%
7.6%
5.9%
The demand for Color Detection sensors services is growing at a steady pace across the globe.
Color detection sensors are used in all industries for detecting and differentiating different
colors, with the demand increasing mainly due to global investment patterns. Other such factors
include developments in automation market, increasing demand from end users and innovation
in the technology which impact color sensor market.
Color sensors provide some reliable solutions to complex automation challenges. They are used
for various purposes like detecting components, matching color of different components,
verifying steps in manufacturing process, detecting color marks on parts, product packaging, and
monitoring color of adhesive tape and so on. It has a wide range of applications in the industrial
automation segment.
IndustryARC | 12