At 10.2% CAGR, Middle East & Africa Vision Sensor Market is Projected to be Worth US$ 533.93 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa vision sensor market was valued at US$ 244.66 million in 2022 and is expected to reach US$ 533.93 million by 2030, registering a CAGR of 10.2% from 2022 to 2030. high adoption of vision sensors in consumer electronics industry and evolution of industry 4.0 are among the critical factors attributed to drive the Middle East & Africa vision sensor market growth.

Vision sensors are typically used to verify operational effectiveness and maintain product quality. They are also used in code reading, gauging, and localization applications to improve business productivity by streamlining operations. Numerous industries, including automotive, electronics and semiconductors, industrial manufacturing, food and packaging, and pharmaceutical, are using these sensors to detect defects in their production lines. The electrical sector and consumer electronics both use vision sensors to enhance device capabilities such as facial recognition, augmented reality (AR), gesture control, and object recognition. Vision sensors are highly used in smartphones for face unlocks, photo enhancement, and AR filters. The growing use of vision sensors in consumer electronics industries is accelerating the market growth. Also, the rising need to check defects in the production facilities has bolstered the vision sensor market growth. According to IDC Corporate, in August 2023, the smartphone shipment reached 1.15 billion units and is expected to increase at 4.5% year-over-year growth from 2024. The growing adoption of smartphones is expected to continue to drive the vision sensor market in the near future.

On the contrary, high costs associated with vision sensors hamper the growth of Middle East & Africa vision sensor market.

Based on type, the Middle East & Africa vision sensor market is bifurcated into less than 3D and 3D. The less than 3D segment held 78.9% market share in 2022, amassing US$ 193.02 million. It is projected to garner US$ 411.83 million by 2030 to register 9.9% CAGR during 2022–2030.

In terms of application, the Middle East & Africa vision sensor market is categorized into inspection, gauging, code reading, and others. The code reading segment held 49.2% share of Middle East & Africa vision sensor market in 2022, amassing US$ 120.39 million. It is anticipated to garner US$ 282.31 million by 2030 to expand at 11.2% CAGR during 2022–2030.

By industry vertical, the Middle East & Africa vision sensor market is segmented into automotive, electronics, industrial manufacturing, food & beverages, and others. The automotive segment held 45.9% share of Middle East & Africa vision sensor market in 2022, amassing US$ 112.39 million. It is projected to garner US$ 264.16 million by 2030 to expand at 11.3% CAGR from 2022 to 2030.

Based on country, the Middle East & Africa vision sensor market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 43.4% share of Middle East & Africa vision sensor market in 2022. It was assessed at US$ 106.28 million in 2022 and is likely to hit US$ 249.17 million by 2030, registering a CAGR of 11.2% during 2022–2030.

Key players operating in the Middle East & Africa vision sensor market are Cognex Corp, Teledyne Technologies Inc, Keyence Corp, Sick AG, Balluff GmbH, Baumer Holding AG, Pepperl+Fuchs SE, Ifm Electronic GmbH, Hans Turck GmbH & Co.KG, and Leuze Electronic GmbH & Co KG, among others.

• In August 2022, IFM acquired a minority stake in the Hidensity Group, the sole owner of Biel-based HMT Microelectronic. Hidensity has supported and enabled IFM's participation by selling its shares of 30 percent.
• In April 2021, The Baumer inductive distance sensor family IF08 was enlarged with small cubic designs in stainless steel housings, a wide measuring range of up to 3 mm, and exceptional and unrivaled market-leading configuration options via the IO-Link interface. The sensors have two advantages: their compact size of only 24.6 x 8.8 x 7.8 mm allows them to be installed in areas with limited installation space or mounting options.

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