Report : Middle East and Africa Machine Vision Lighting Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Lighting Type [LEDs, Fiber Optic Lights (Halogen), Florescent Lighting, and Xenon], Spectrum of Light (Visible Spectrum, UV Spectrum, and IR Spectrum), and Application (Automotive, Consumer Electronics, Food & Beverages, Pharmaceuticals, Logistics, and Others)
UV Spectrum is Expected to be Fastest Growing Segment During the Forecast Period for MEA Region
According to a new market research study on “MEA Machine Vision Lighting Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Lighting Type, Spectrum of Light, and Application” is expected to reach US$ 138.64 million by 2028 from 83.36 US$ million in 2021. The market is estimated to grow at a CAGR of 7.5% from 2021 to 2028. The report provides trends prevailing in the MEA machine vision lighting market along with the drivers and restraints pertaining to the market growth. Growing popularity of IIoT and rising adoption of machine vision systems by SMEs is the major factor driving the growth of the MEA machine vision lighting market. However, issues associated with difficult end-user requirements being difficult hinders the growth of MEA machine vision lighting market.
MEA machine vision lighting market is segmented into lighting type, spectrum of light, application, and country. Based on lighting type, the MEA machine vision lighting market is segmented into LEDs, fiber optic lights (halogen), florescent lighting, xenon, and others. LEDs segment held the largest market share in 2020. Based on spectrum of light, the MEA machine vision lighting market is segmented into visible spectrum, UV spectrum, and IR spectrum. Visible spectrum held the largest market share in 2020. Based on application, the MEA machine vision lighting market is segmented into automotive, consumer electronics, food and beverage, pharmaceuticals, logistics, and others. Consumer electronics held the largest market share in 2020. Based on country, the MEA machine vision lighting market is segmented into Saudi Arabia, South Africa, UAE, and rest of MEA. Saudi Arabia held the largest market share in 2020.
Major countries facing the economic consequences of the COVID-19 pandemic in MEA are Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait. With the outbreak in the countries mentioned above, it is becoming clear that a few can escape its impact, presenting major challenges for all sectors. The manufacturing industry across the MEA was severely impacted due to the pandemic in the starting of 2020. However, to combat the huge economic impact, countries such as the UAE have taken necessary steps to continue economic activities across the region. The UAE government are promoting the adoption of advanced technologies across the industries to increase efficiency. Thus, the increasing initiatives across the region to lower the impact of the COVID-19 pandemic in the manufacturing industry would ensure medium to low impact on the machine vision lighting market over the years.
Advanced Illumination Inc; EFFILUX; Moritex Corporation; National Instruments Corporation; Omron Microscan System, Inc.; ProPhotonix Limited; Smart Vision Lights; Spectrum Illumination; and TPL Vision are among the leading companies in the MEA machine vision lighting market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Advanced illumination released UltraSeal Washdown Bar Lights. The AL247 Bar Lights are IP69K certified, and their design is virtually crevice-free, making them ideal for hygienic inspection environments, aseptic manufacturing, and food and beverage applications.