The Middle East and Africa smart sensors market is expected to grow from US$ 1,826.87 million in 2021 to US$ 3,835.36 million by 2028. It is estimated to grow at a CAGR of 11.2% from 2021 to 2028.
Smart sensors are also widely used in biomedical applications to collect and process data to aid diagnosis, self-diagnosis, telemedicine, and home monitoring (home care). Smart sensors, such as m-Health or mobile-Health, are simple wearable devices that continuously monitor cardiac activities. Meanwhile, more complex systems, such as prostheses for degenerative retinal disease patients who are still being tested require smart sensors. These systems, such as an EMG monitoring system, capture the signals with a camera and stimulate the eye with an array of electrodes, reinforcing the image. One of the most appealing features of smart sensors is their ease of replication, making it possible to commercialize them.
There is a high demand for smart proximity and infrared sensors in consumer electronics, such as health and fitness wearables, as they are multipurpose. For instance, on April 4, 2016, Proteus launched Proteus Discover, a Digital Medicine made up of ingestible sensors, a small wearable sensor patch, a mobile app, and a provider portal. The company is one of the pioneers in health tech companies and start-ups developing advanced wearable medical devices worn as wristbands, watches, glasses, or clothing. Proteus Discover is the world's first digital medicine system that allows patients to recover more quickly by eliminating the guesswork involved in diagnosis and treatment. It delivers the information on medication administration and health patterns directly to a user's healthcare provider by providing direct insight into their data.
Further, routine and long-term monitored EEG studies can be recorded with Neurotech's in-home EEG solution, and the results can be viewed on Neurotech's innovative physician database. Neurotech can share EEG results with EMU/ICU hospital staff in real-time to identify electrographic seizures and baseline changes that are not physically visible. Infineon is a major player in the sensor industry.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the smart sensors market growth at a notable CAGR during the forecast period.
Middle East and Africa Smart Sensors Market Revenue and Forecast to 2028 (US$ Million)
Middle East and Africa Smart Sensors Market Segmentation
The Middle East and Africa smart sensors market is segmented on the basis of technology, type, end-use industry, and country. By technology, the market is segmented into mems, CMOS, and others. Based on type, the market is segmented into temperature and humidity sensors, pressure sensors, motion, and others. Based on end-use industry, the market is divided into consumer electronics, automotive, healthcare, manufacturing, retail, and others. Based on country, the market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East and Africa.
Middle East and Africa Smart Sensors Market—Companies Mentioned
Analog Devices, Inc.; INFINEON TECHNOLOGIES AG; ST Microelectronics; TE Connectivity Corporation; Microchip Technology Inc.; NXP Semiconductors; Siemens; Robert Bosch GmbH; ABB Ltd.; and Honeywell International Inc. are a few major companies operating in the regional market.