[b]Color Detection Sensors[/b] are used in Industries for [b]Automation[/b] purposes to distinguish between products based on their characteristic Colors. The Color Detection Sensor Market has been seeing an incredible growth because of Technological Advancements, Increase in Demand by Emerging Industries and End Users like Food and Beverage Industries and because of changing Global Investment patterns. Players in the Color Detection Market distinguish products by their [b]Ease of use, Automation Capability, Portability and Level of Customization[/b]. The Color Detector Market is classified into 4 primary segments; [b]By Type, By Use Cases, By Verticals and By Geographical Analysis[/b], each of these segments is further divided into sub-segments. Further segmentations and sub-segmentations are highlighted and explained in depth in the report by IndustryARC.

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[b]Market Drivers: [/b]
The [b]Industry Automation[/b] Industry is growing at a rapid rate and is a [b]Primary Growth Driver[/b] for the Color Detection Sensors Market. The demand for Color Sensors in the Food & Beverage Industry has also increased. Color Sensors are also being preferred over Image sensors because they are more [b]Cost Efficient, Faster[/b] and [b]Easily Replaceable[/b]. The demand for the Color Detection Sensors has also grown because of its [b]Improving Quality[/b] and [b]Precision[/b] along with its [b]Diminishing Package Size[/b].

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[b]Market Growth: [/b]
The Color Detector Market has had tremendous growth and the Market is expected to expand even more in the future. This growth in the Market is primarily because of the [b]Changing Global Investment Patters[/b] and because of [b]Increase in Automation needs[/b] by Industries. Research by Industry Arc predicts that the Color Detection Sensor Market will grow at of [b]5.9% CAGR in the period of 2013-2018[/b]. It is also predicted that the Color Detection Sensors Market size will grow to revenue [/b]$2.45 Billion by the year 2018[/b].

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[b]Key Players: [/b]
The Color Detection Sensor Market has multiple key players that have a sizeable chunk of the market share. Presently, [b]SICK AG, Banner Engineering, SensoPart and Rockwell Automation[/b] are the top four companies in the market who together occupy approximately [b]61% of the market share[/b] in this field. [b]SICK AG dominated the market with a massive 21%[/b] of the market share whereas the 3 other companies occupy 12-15% of the market share.

The complete list of the key players and their market share, product portfolio and in-depth analysis can be found in the Market Report published by IndustryARC.

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[b]About IndustryARC:[/b]
IndustryARC is a Research and consulting firm that publishes more than 500 Reports Annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

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