Market Overview:
The global color mark detection market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for color mark detection in industrial and commercial applications. In addition, the growing adoption of automated systems is also contributing to the growth of this market. The photoelectric sensor segment is expected to dominate the global color mark detection market during the forecast period. This segment is anticipated to grow at a CAGR of 7% from 2018 to 2030 owing to its high accuracy and reliability in detecting colors.
Product Definition:
Color Mark Detection is the process of detecting and extracting colored regions in an image. This is a key step in many computer vision tasks, such as object recognition and tracking.
Photoelectric Sensor:
A photoelectric sensor is a device that generates an electric signal when it comes in contact with or detects the presence of light. The most common applications of photoelectric sensors are to detect labels or tags attached to products for theft, and also used in cash register machines for counting money. Photoelectric sensors can be further classified into two types on the basis of application; namely, transparent and opaque type.
Fiber Amplifier:
The fiber amplifier is a device that enhances the signal strength of an optical fiber. It is used in various applications such as telecommunication, laser communications, and data transmission. Fiber amplifiers are classified into active and passive depending upon their functionality & construction.
Application Insights:
The global color mark detection market is segmented based on application into industrial and commercial applications. The commercial application segment dominated the overall industry in terms of revenue in 2017, owing to rising adoption of these technologies across retail stores, restaurants and hotels among other public places. Moreover, increasing deployment of these systems at airports for baggage screening is expected to drive the demand over the forecast period.
The industrial use segment accounted for a significant share in 2017 due to growing product adoption across various industries such as food & beverage processing and packaging among others. These systems are used for inventory management purposes at manufacturing facilities along with asset tracking applications leading to increased demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global color mark detection market in 2016 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrialization, coupled with rising government initiatives for infrastructure development. For instance, in India, the Ministry of Railways has planned to develop around 100 smart cities by 2020 which will include intelligent transportation systems (ITS) and communication networks for train drivers and passengers. This will increase demand for color mark detectors across various applications such as railway stations, airports etc.
North America is expected to grow at a significant rate over the forecast period owing to an increase in construction activities after 2018 U.S.-Mexico border wall agreement between U.S.
Growth Factors:
- Increasing demand for color-based detection in various industries such as food and beverage, pharmaceuticals, and cosmetics
- Growing awareness about the benefits of color mark detection technology
- Technological advancements that make color mark detection faster, easier to use, and more accurate
- The increasing popularity of automated inspection systems that use color mark detection technology
- The growing demand for quality control and product authentication in the global market
Scope Of The Report
Report Attributes
Report Details
Report Title
Color Mark Detection Market Research Report
By Type
Photoelectric Sensor, Fiber Amplifier
By Application
Industrial Use, Commercial Use
By Companies
Tri-Tronics Company, Autonics Corporation, OMRON, OPTEX, Shanghai Lanbao Sensing Technology, Banner Engineering, SensoPart, Panasonic, Womack Machine, EMX Industries, Guangzhou HeYi Electronic Technology, Voxin Tech
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Color Mark Detection Market Report Segments:
The global Color Mark Detection market is segmented on the basis of:
Types
Photoelectric Sensor, Fiber Amplifier
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Use, Commercial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tri-Tronics Company
- Autonics Corporation
- OMRON
- OPTEX
- Shanghai Lanbao Sensing Technology
- Banner Engineering
- SensoPart
- Panasonic
- Womack Machine
- EMX Industries
- Guangzhou HeYi Electronic Technology
- Voxin Tech
Highlights of The Color Mark Detection Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Photoelectric Sensor
- Fiber Amplifier
- By Application:
- Industrial Use
- Commercial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Color Mark Detection Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Color Mark Detection is a technology that uses cameras and software to identify the colors of objects in an image. This information can then be used to help identify specific items or areas in an image.
Some of the major players in the color mark detection market are Tri-Tronics Company, Autonics Corporation, OMRON, OPTEX, Shanghai Lanbao Sensing Technology, Banner Engineering, SensoPart, Panasonic, Womack Machine, EMX Industries, Guangzhou HeYi Electronic Technology, Voxin Tech.
The color mark detection market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Color Mark Detection Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Color Mark Detection Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Color Mark Detection Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Color Mark Detection Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Color Mark Detection Market Size & Forecast, 2018-2028
4.5.1 Color Mark Detection Market Size and Y-o-Y Growth
4.5.2 Color Mark Detection Market Absolute $ Opportunity
Chapter 5 Global Color Mark Detection Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Color Mark Detection Market Size Forecast by Type
5.2.1 Photoelectric Sensor
5.2.2 Fiber Amplifier
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Color Mark Detection Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Color Mark Detection Market Size Forecast by Applications
6.2.1 Industrial Use
6.2.2 Commercial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Color Mark Detection Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Color Mark Detection Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Color Mark Detection Analysis and Forecast
9.1 Introduction
9.2 North America Color Mark Detection Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Color Mark Detection Market Size Forecast by Type
9.6.1 Photoelectric Sensor
9.6.2 Fiber Amplifier
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Color Mark Detection Market Size Forecast by Applications
9.10.1 Industrial Use
9.10.2 Commercial Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Color Mark Detection Analysis and Forecast
10.1 Introduction
10.2 Europe Color Mark Detection Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Color Mark Detection Market Size Forecast by Type
10.6.1 Photoelectric Sensor
10.6.2 Fiber Amplifier
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Color Mark Detection Market Size Forecast by Applications
10.10.1 Industrial Use
10.10.2 Commercial Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Color Mark Detection Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Color Mark Detection Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Color Mark Detection Market Size Forecast by Type
11.6.1 Photoelectric Sensor
11.6.2 Fiber Amplifier
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Color Mark Detection Market Size Forecast by Applications
11.10.1 Industrial Use
11.10.2 Commercial Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Color Mark Detection Analysis and Forecast
12.1 Introduction
12.2 Latin America Color Mark Detection Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Color Mark Detection Market Size Forecast by Type
12.6.1 Photoelectric Sensor
12.6.2 Fiber Amplifier
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Color Mark Detection Market Size Forecast by Applications
12.10.1 Industrial Use
12.10.2 Commercial Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Color Mark Detection Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Color Mark Detection Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Color Mark Detection Market Size Forecast by Type
13.6.1 Photoelectric Sensor
13.6.2 Fiber Amplifier
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Color Mark Detection Market Size Forecast by Applications
13.10.1 Industrial Use
13.10.2 Commercial Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Color Mark Detection Market: Competitive Dashboard
14.2 Global Color Mark Detection Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tri-Tronics Company
14.3.2 Autonics Corporation
14.3.3 OMRON
14.3.4 OPTEX
14.3.5 Shanghai Lanbao Sensing Technology
14.3.6 Banner Engineering
14.3.7 SensoPart
14.3.8 Panasonic
14.3.9 Womack Machine
14.3.10 EMX Industries
14.3.11 Guangzhou HeYi Electronic Technology
14.3.12 Voxin Tech
