Smart Sensors in Middle East & Africa
Summary
Smart Sensors in Middle East & Africa industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- A smart sensor is a type of sensor technology that uses artificial intelligence to collect, analyze, and interpret data from its surroundings. Smart Sensors can detect environmental changes such as temperature, pressure, and movement and react without manual intervention. They can also be used to monitor machine performance and detect anomalies that can indicate potential problems.
- The Middle East & African smart sensor market had a total of $2,821.5 million in 2023, representing a compound annual growth rate (CAGR) of 5.4% between 2018 and 2023.
- The automotive segment accounted for the market's largest proportion in 2023, with a total of $904.8 million, equivalent to 32.1% of the market's overall value.
- The region's smart sensor market is expanding as a result of the usage of smart sensors for monitoring and optimization in renewable energy systems like wind and solar farms.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the smart sensors market in Middle East & Africa
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the smart sensors market in Middle East & Africa
- Leading company profiles reveal details of key smart sensors market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Middle East & Africa smart sensors market with five year forecasts
- What was the size of the Middle East & Africa smart sensors market by value in 2023?
- What will be the size of the Middle East & Africa smart sensors market in 2028?
- What factors are affecting the strength of competition in the Middle East & Africa smart sensors market?
- How has the market performed over the last five years?
- What are the main segments that make up Middle East & Africa's smart sensors market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of the leading players?
- 7.3. What are the challenges in the market??
- 8 Company Profiles
- 8.1. ABB, Ltd.
- 8.2. NXP Semiconductors N.V.
- 8.3. Accel Solutions Group Ltd
- 8.4. Honeywell International Inc.
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- About GlobalData
- List of Tables
- Table 1: Middle East & Africa smart sensors market value: $ million, 2018-23
- Table 2: Middle East & Africa smart sensors market category segmentation: % share, by value, 2018-2023
- Table 3: Middle East & Africa smart sensors market category segmentation: $ million, 2018-2023
- Table 4: Middle East & Africa smart sensors market geography segmentation: $ million, 2023
- Table 5: Middle East & Africa smart sensors market value forecast: $ million, 2023-28
- Table 6: ABB, Ltd.: key facts
- Table 7: ABB, Ltd.: annual financial ratios
- Table 8: ABB, Ltd.: key employees
- Table 9: NXP Semiconductors N.V.: key facts
- Table 10: NXP Semiconductors N.V.: annual financial ratios
- Table 11: NXP Semiconductors N.V.: key employees
- Table 12: NXP Semiconductors N.V.: key employees Continued
- Table 13: Accel Solutions Group Ltd: key facts
- Table 14: Accel Solutions Group Ltd: annual financial ratios
- Table 15: Honeywell International Inc.: key facts
- Table 16: Honeywell International Inc.: annual financial ratios
- Table 17: Honeywell International Inc.: key employees
- Table 18: Honeywell International Inc.: key employees Continued
- Table 19: Middle East & Africa size of population (million), 2019-23
- Table 20: Middle East & Africa gdp (constant 2005 prices, $ billion), 2019-23
- Table 21: Middle East & Africa gdp (current prices, $ billion), 2019-23
- Table 22: Middle East & Africa inflation, 2019-23
- Table 23: Middle East & Africa consumer price index (absolute), 2019-23
- Table 24: Middle East & Africa exchange rate, 2019-23
- List of Figures
- Figure 1: Middle East & Africa smart sensors market value: $ million, 2018-23
- Figure 2: Middle East & Africa smart sensors market category segmentation: $ million, 2018-2023
- Figure 3: Middle East & Africa smart sensors market geography segmentation: % share, by value, 2023
- Figure 4: Middle East & Africa smart sensors market value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the smart sensors market in Middle East & Africa, 2023
- Figure 6: Drivers of buyer power in the smart sensors market in Middle East & Africa, 2023
- Figure 7: Drivers of supplier power in the smart sensors market in Middle East & Africa, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the smart sensors market in Middle East & Africa, 2023
- Figure 9: Factors influencing the threat of substitutes in the smart sensors market in Middle East & Africa, 2023
- Figure 10: Drivers of degree of rivalry in the smart sensors market in Middle East & Africa, 2023
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