ResearchMoz added Latest Research Report titled " Global Colour Detection Sensor Market 2016-2020: Worldwide Market Size, Shares, Trends, Growth, Survey and Forecast report " to it's Large Report database.
Albany, NY -- (SBWIRE) -- 07/14/2016 -- Color detection sensors are used to sort colored products, identify coded markings, and verify or detect the presence of adhesive or date codes on a package. These sensors can detect even a slight variation in color and are used in several industries.
The global color detection sensor market to grow at a CAGR of 8.68% during the period 2016-2020. The demand for color detection sensors will mainly be driven by automation across manufacturing industries during the forecast period. Industrial automation involves the use of computers and control systems (integrated with sensors and IoT and M2M technologies) to ease the production process. The rising capital expenditures in industries such as oil and gas, power, and automotive are fueling the demand for industrial automation and, therefore, color detection sensors. Further, the growth of the smartphone and tablet markets is set to increase the demand for color detection sensors during the forecast period, as these sensors form an important component of mobile devices. The growth of the food packaging market is also an important driver for the global color detection sensor market.
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The report covers the present scenario and the growth prospects of the global color detection sensor market for 2016-2020. It calculates the market size on the basis of revenue generated from the sale of the following types of sensors in the food and beverage, consumer electronics, automotive, pharmaceutical, chemical, textile, and paper and pulp industries:
- Color sensors
- Contrast sensors
- Luminescence sensors
- Brightness sensors
The market is divided into the following segments based on geography:
- North America
Technavio's report, Global Color Detection Sensor Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key questions answered in this report:-
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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