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; it is estimated to register a CAGR of 10.2% from 2022 to 2030.
Evolution of Industry 4.0 Bolsters Middle East & Africa Vision Sensor Market
The introduction of Industry 4.0 brings several advances in the efficiency and productivity of industrial processes. Various industries use vision sensors for generating real-time visual information used in quality control processes. Industries use this information to enhance productivity, automation, and quality control in their processes, which further leads to a reduction in downtime. Vision sensors are used to detect defects or inconsistencies in product lines and enable businesses to produce high-quality products. Vision sensors are crucial for smart factories and Industry 4.0 for enabling advanced automation, smart manufacturing, and data-driven decision-making activities. They are essential for automating assembly lines, quality control, mitigating risks, and supporting businesses to produce high-quality products by minimizing errors. Thus, vision sensors help improve the overall effectiveness of equipment and minimize downtime by ensuring efficient operations and automation within modern industrial facilities.
Middle East & Africa Vision Sensor Market Overview
The demand for vision sensors in the automotive industry is driving market growth in the Middle East. In November 2023, CarsTaxi partnered with Al-Futtaim Toyota to increase its supply of hybrid vehicles. Al-Futtaim Toyota will supply 1,300 Toyota Camry hybrid vehicles to accelerate and support the green mobility initiative in the UAE. Vision sensors are used for numerous purposes, such as advanced driver assistance systems (ADAS), autonomous driving, and material handling in manufacturing systems. These sensors are employed in automated guided vehicles (AGVs) to enable fast, efficient, and reliable transportation.
Middle East & Africa Vision Sensor Market Segmentation
The Middle East & Africa vision sensor market is categorized into type, application, industry vertical, and country.
Based on type, the Middle East & Africa vision sensor market is bifurcated into less than 3D and 3D. The less than 3D segment held a larger market share in 2022.
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 the largest market share in 2022.
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 the largest market share in 2022.
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. The UAE dominated the Middle East & Africa vision sensor market share in 2022.
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 are some of the leading companies operating in the Middle East & Africa vision sensor market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 244.66 Million |
| Market Size by 2030 | US$ 533.93 Million |
| CAGR (2022 - 2030) | 10.2% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East & Africa Vision Sensor Market is valued at US$ 244.66 Million in 2022, it is projected to reach US$ 533.93 Million by 2030.
As per our report Middle East & Africa Vision Sensor Market, the market size is valued at US$ 244.66 Million in 2022, projecting it to reach US$ 533.93 Million by 2030. This translates to a CAGR of approximately 10.2% during the forecast period.
The Middle East & Africa Vision Sensor Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Vision Sensor Market report:
The Middle East & Africa Vision Sensor Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Vision Sensor Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Vision Sensor Market value chain can benefit from the information contained in a comprehensive market report.
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