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 and volume 2019-24, and forecast to 2029). 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 and African smart sensors market recorded revenues of $2,233.3 million in 2024, representing a negative compound annual growth rate (CAGR) of 1.6% between 2019 and 2024.
- The automotive segment accounted for the market's largest proportion in 2024, with total revenues of $769.3 million, equivalent to 34.4% of the market's overall value.
- In 2024, the Middle East and Africa accounted for 4.8% of the global smart sensors market.
- Save time carrying out entry-level research by identifying the size, growth, 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 by both value and volume
- What was the size of the Middle East & Africa smart sensors market by value in 2024?
- What will be the size of the Middle East & Africa smart sensors market in 2029?
- 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?
- How large is Middle East & Africa’s smart sensors market in relation to its regional counterparts?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 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 Company Profiles
- 7.1. ABB Ltd
- 7.2. STMicroelectronics NV
- 7.3. Honeywell International Inc
- 7.4. NXP Semiconductors NV
- 8 Macroeconomic Indicators
- 8.1. Country data
- 9 Appendix
- 9.1. Methodology
- 9.2. Industry associations
- 9.3. Related GlobalData research
- 9.4. About GlobalData
- List of Tables
- Table 1: Middle East & Africa smart sensors market value: $ million, 2019–24
- Table 2: Middle East & Africa smart sensors market category segmentation: % share, by value, 2019–24
- Table 3: Middle East & Africa smart sensors market category segmentation: $ million, 2019-24
- Table 4: Middle East & Africa smart sensors market geography segmentation: $ million, 2024
- Table 5: Middle East & Africa smart sensors market value forecast: $ million, 2024–29
- Table 6: ABB Ltd: Key Facts
- Table 7: ABB Ltd: annual financial ratios
- Table 8: ABB Ltd: key employees
- Table 9: STMicroelectronics NV: Key Facts
- Table 10: STMicroelectronics NV: annual financial ratios
- Table 11: STMicroelectronics NV: key employees
- Table 12: STMicroelectronics NV: key employees Continued
- Table 13: Honeywell International Inc: Key Facts
- Table 14: Honeywell International Inc: annual financial ratios
- Table 15: Honeywell International Inc: key employees
- Table 16: NXP Semiconductors NV: Key Facts
- Table 17: NXP Semiconductors NV: annual financial ratios
- Table 18: NXP Semiconductors NV: key employees
- Table 19: Middle East & Africa Size of Population (Million), 2020–24
- Table 20: Middle East & Africa Real GDP (Constant 2010 Prices, $ Billion), 2020–24
- Table 21: Middle East & Africa GDP (Current Prices, $ Billion), 2020–24
- Table 22: Middle East & Africa Inflation, 2020–24
- Table 23: Middle East & Africa Consumer Price Index (Absolute), 2020–24
- Table 24: Middle East & Africa Exchange Rate, 2019–24
- List of Figures
- Figure 1: Middle East & Africa smart sensors market value: $ million, 2019–24
- Figure 2: Middle East & Africa smart sensors market category segmentation: $ million, 2019-24
- Figure 3: Middle East & Africa smart sensors market geography segmentation: % share, by value, 2024
- Figure 4: Middle East & Africa smart sensors market value forecast: $ million, 2024–29
- Figure 5: Forces driving competition in the smart sensors market in Middle East & Africa, 2024
- Figure 6: Drivers of buyer power in the smart sensors market in Middle East & Africa, 2024
- Figure 7: Drivers of supplier power in the smart sensors market in Middle East & Africa, 2024
- Figure 8: Factors influencing the likelihood of new entrants in the smart sensors market in Middle East & Africa, 2024
- Figure 9: Factors influencing the threat of substitutes in the smart sensors market in Middle East & Africa, 2024
- Figure 10: Drivers of degree of rivalry in the smart sensors market in Middle East & Africa, 2024
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