Smart Sensors in Middle East & Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). 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 & African smart sensor market had a total of $2.82 billion in 2023, representing a compound annual growth rate (CAGR) of 5.4% between 2018 and 2023.
- The automotive segment accounted for the market's largest proportion in 2023, with a total of $904.8 million, equivalent to 32.1% of the market's overall value.
- The region's smart sensor market is expanding as a result of the usage of smart sensors for monitoring and optimization in renewable energy systems like wind and solar farms.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, 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
Reasons to Buy
- What was the size of the Middle East & Africa smart sensors market by value in 2023?
- What will be the size of the Middle East & Africa smart sensors market in 2028?
- 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?
- What are the main segments that make up Middle East & Africa's smart sensors market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 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.
- NXP Semiconductors N.V.
- Accel Solutions Group Ltd
- Honeywell International Inc.
