Analysis – by Technology (LiDAR, Computer Vision, Radar, and Others), Application (Blind Spot Detection, Night Vision, and Others), and End User [(Unmanned Surface Vehicle, Ships, and Autonomous Underwater Vehicle (AUV)]
No. of Pages:102
Report Code:
BMIRE00027656
Category:
Electronics and Semiconductor
Middle East & Africa Collision Avoidance and Object Detection Maritime Market
The collision avoidance and object detection maritime market in Middle East & Africa is expected to grow from US$ 31.53 million in 2022 to US$ 43.85 million by 2028. It is estimated to grow at a CAGR of 5.7% from 2022 to 2028.
Growing Research on Military Applications of Unmanned Surface Vehicles and Autonomous Underwater Vehicles
Unmanned surface vehicles (USVs) are boats or ships that operate on water surfaces without a crew, which necessitates collision avoidance systems, sensors, satellite links, radars, and communications suites to ensure the safety of humans in the vicinity against collisions and accidents. An autonomous underwater vehicle (AUV) is a type of unmanned vehicle that travels underwater without requiring input from an operator; it can include both autonomous and remotely operations. A rise in expenditure in the offshore oil & gas industry and growing investments from the defense sector for the deployment of AUVs in military applications are expected to bolster the demand for collision avoidance and object detection systems in the coming years. In October 2022, RTsys signed a contract with the Slovenian Navy for the supply of one COMET-MCM AUV and two NEMOSENS micro-AUVs. Moreover, in October 2022, SEABER introduced its new micro-AUV RECALL for antisubmarine warfare (ASW) training applications. Thus, with the rise in research on the military applications of USVs and AUVs is creating potential opportunities for the future growth of the collision avoidance and object detection maritime market players.
Market Overview
The collision avoidance and object detection maritime market in the MEA is further segmented into South Africa, Saudi Arabia, and the UAE. The region is expected to witness rapid commercialization and industrialization, which would also boost the growth of various sectors. The Gulf countries are economically developed, while the African countries are yet to match up to these countries' economic conditions.
Middle East & Africa Collision Avoidance and Object Detection Maritime Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Collision Avoidance and Object Detection Maritime Market Segmentation
Based on technology, the market is segmented into LiDAR, computer vision, radar, and others. The radar segment held the largest market share in 2022.
Based on application, the market is segmented into blind spot detection, night vision, and others. The others segment held the largest market share in 2022.
Based on end user, the market is segmented into unmanned surface vehicle, ships, and autonomous underwater vehicle (AUV). The Ships segment dominated the market share in 2022.
Based on country, the market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Saudi Arabia segment dominated the market share in 2022.
Benewake (Beijing) Co Ltd; Sea Machines Robotics Inc.; Terma AS; and Teledyne FLIR LLC are the leading companies operating in the collision avoidance and object detection maritime market in the region.
Middle East & Africa Collision Avoidance and Object Detection Maritime Market Strategic Insights
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Middle East & Africa Collision Avoidance and Object Detection Maritime Market Segmentation Analysis
Middle East & Africa Collision Avoidance and Object Detection Maritime Market Report Highlights
Middle East & Africa Collision Avoidance and Object Detection Maritime Report Scope
Report Attribute
Details
Market size in 2022
US$ 31.53 Million
Market Size by 2028
US$ 43.85 Million
CAGR (2022 - 2028)
5.7%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By Technology
LiDAR
Computer Vision
Radar
By Application
Blind Spot Detection
Night Vision
By End User
Unmanned Surface Vehicle
Ships
Autonomous Underwater Vehicle
Regions and Countries Covered
Middle East and Africa
South Africa, Saudi Arabia, UAE, Rest of Middle East and Africa
Market leaders and key company profiles
Benewake (Beijing) Co Ltd
Sea Machines Robotics Inc
Terma AS
TeledyneFLIR LLC
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Middle East & Africa Collision Avoidance and Object Detection Maritime Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - Middle East & Africa Collision Avoidance and Object Detection Maritime Market
Benewake (Beijing) Co Ltd
Sea Machines Robotics Inc
Terma AS
Teledyne FLIR LLC
Frequently Asked Questions
How big is the Middle East & Africa Collision Avoidance and Object Detection Maritime Market?
The Middle East & Africa Collision Avoidance and Object Detection Maritime Market is valued at US$ 31.53 Million in 2022, it is projected to reach US$ 43.85 Million by 2028.
What is the CAGR for Middle East & Africa Collision Avoidance and Object Detection Maritime Market by (2022 - 2028)?
As per our report Middle East & Africa Collision Avoidance and Object Detection Maritime Market, the market size is valued at US$ 31.53 Million in 2022, projecting it to reach US$ 43.85 Million by 2028. This translates to a CAGR of approximately 5.7% during the forecast period.
What segments are covered in this report?
The Middle East & Africa Collision Avoidance and Object Detection Maritime Market report typically cover these key segments-
Technology (LiDAR, Computer Vision, Radar)
Application (Blind Spot Detection, Night Vision)
End User (Unmanned Surface Vehicle, Ships, Autonomous Underwater Vehicle)
What is the historic period, base year, and forecast period taken for Middle East & Africa Collision Avoidance and Object Detection Maritime Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Collision Avoidance and Object Detection Maritime Market report:
Historic Period : 2020-2021
Base Year : 2022
Forecast Period : 2023-2028
Who are the major players in Middle East & Africa Collision Avoidance and Object Detection Maritime Market?
The Middle East & Africa Collision Avoidance and Object Detection Maritime Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Benewake (Beijing) Co Ltd
Sea Machines Robotics Inc
Terma AS
TeledyneFLIR LLC
Who should buy this report?
The Middle East & Africa Collision Avoidance and Object Detection Maritime Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Middle East & Africa Collision Avoidance and Object Detection Maritime Market value chain can benefit from the information contained in a comprehensive market report.
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