The latest report on Color Detection Sensor Market by Infinium Global Research gives complete
coverage of the color detection sensor market by products (application controllers, application
gateways, application security solutions), by end-users (cloud service providers, enterprises,
telecommunications service providers), by verticals (banking, financial services & insurance,
consumer goods, government, and others) in terms of key trends, market size, forecast and CAGR
growth over the period of 2017 to 2023. In addition, the study covers deep dive into key product
and applications trends in the regional markets of Color Detection Sensor such as North America,
Europe, Asia-Pacific and Latin America over the short run and long run.
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Market Insights
The global color detection sensor market was sized over USD 1.25 billion in 2015. The global color
detection sensor market is projected to grow with a CAGR between 5.5% and 6.0% during 2017-
2023. Growth in industrial automation, increasing usage of color sensors in smartphones, rising
demand for processed and frozen food are the key factor driving the growth of the global color
detection sensor market. Moreover, low reliability in harsh conditions, shortening of sensing
range reduces sensor performance, performance gets affected due to sensitivity to moisture are
the key factors restraining the growth of this market. Advanced technologies such as true color
sensing and spectral sensing and growing application of industrial IoT, and emerging economies
are likely to bring more opportunities to this market.