Smart Sensors in Middle East & Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- A smart sensor is a type of sensor technology that uses artificial intelligence to collect, analyze, and interpret data from its surroundings. Smart Sensors can detect environmental changes such as temperature, pressure, and movement and react without manual intervention. They can also be used to monitor machine performance and detect anomalies that can indicate potential problems.
- The Middle East and African smart sensors market recorded revenues of $2.23 billion in 2024, representing a negative compound annual growth rate (CAGR) of 1.6% between 2019 and 2024.
- The automotive segment accounted for the market's largest proportion in 2024, with total revenues of $769.3 million, equivalent to 34.4% of the market's overall value.
- In 2024, the Middle East and Africa accounted for 4.8% of the global smart sensors market.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the smart sensors market in Middle East & Africa
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the smart sensors market in Middle East & Africa
- Leading company profiles reveal details of key smart sensors market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Middle East & Africa smart sensors market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Middle East & Africa smart sensors market by value in 2024?
- What will be the size of the Middle East & Africa smart sensors market in 2029?
- What factors are affecting the strength of competition in the Middle East & Africa smart sensors market?
- How has the market performed over the last five years?
- How large is Middle East & Africa’s smart sensors market in relation to its regional counterparts?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Company Profiles
8 Macroeconomic Indicators
9 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd
- STMicroelectronics NV
- Honeywell International Inc
- NXP Semiconductors NV
