Market Size of Middle East and Africa Proximity Sensors Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.14 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Proximity Sensors Market Analysis
The Middle East and Africa Proximity Sensors Market is expected to register a CAGR of 6.14% during the forecast period 2020 - 2025. The Middle East & African region is anticipated to witness a slow growth when compared to the other regions, as it lacks the presence of automobile manufacturing industries. The automobiles used in the region are being imported from other regions.
- Over the forecast period, owing to technological developments, the region may witness the adoption of self-driving vehicles. Increase in adoption may result in the establishment of automotive manufacturing units, generating demand for the proximity sensors in the region. The high spending capacity of the individual also complements such trends.
- Since most GCC governments are yet to adopt policies regarding the self-driving vehicle, which is reasonable given the nascent state of technology, the growth of the market studied is anticipated to be very low.
- Proximity sensors have become important data acquisition devices in automation industries to provide required information in the form of individual process variables to controllers. The increasing cost of labor, combined with the immense pressure on manufacturers to meet the deadlines, has resulted in the increase of automation in factories across the world.
- Moreover, proximity sensors are measuring variables on offshore oil rigs. These sensors can endure the harsh sea conditions, like salt-water, which can be corrosive and damaging to the equipment. Therefore, implementing such sensors can measure the final positions of pipe handlers and other moveable components on the rig without performance being impacted by these elements. Such applications make these products a critical solution being adopted in the region and driving the demand.
- Owing to the recent outbreak of COVID-19, the global supply chain and demand for multiple products have experienced disruption, owing to which the proximity sensor adoption is expected to be influenced until the end of 2020. Moreover, due to the production shutdown in countries, such as China, multiple industries have observed a shortage of supply of various products during February and March.
MEA Proximity Sensors Industry Segmentation
A proximity sensor is a sensor that is able to detect the presence of nearby objects without any physical contact. For sensing objects, this sensor radiates or emits a beam of electromagnetic radiation, usually in the form of infrared light, and detects the reflection to determine the object's proximity or distance from the sensor. The scope of the study is comprehensive and is limited to Middle East and Africa.
| Technology | |
| Inductive | |
| Capacitive | |
| Photoelectric | |
| Magnetic |
| End-user Vertical | |
| Aerospace and Defense | |
| Automotive | |
| Industrial | |
| Consumer Electronics | |
| Food and Beverage | |
| Other End-user Verticals |
| Country | |
| Saudi Arabia | |
| South Africa | |
| United Arab Emirates | |
| Rest of Middle East and Africa |
Middle East and Africa Proximity Sensors Market Size Summary
The Middle East and Africa proximity sensors market is poised for moderate growth, driven by technological advancements and increasing automation across various industries. Despite the region's slow growth compared to other areas, primarily due to the lack of local automobile manufacturing, the potential adoption of self-driving vehicles and the establishment of automotive manufacturing units could spur demand for proximity sensors. These sensors are becoming integral in automation industries, providing essential data for process control and enhancing operational efficiency. The harsh conditions of offshore oil rigs also necessitate the use of proximity sensors, which can withstand corrosive environments, further driving their adoption in the region.
In the consumer electronics sector, the demand for proximity sensors is expected to rise due to their application in smartphones, tablets, wearables, and home automation devices. These sensors play a crucial role in enhancing user experience by optimizing power consumption and enabling smart touch functionalities. The growing interest in electric vehicles, particularly in Saudi Arabia, is anticipated to create additional demand for proximity sensors in the automotive sector. The region's strategic initiatives, such as Saudi Arabia's Vision 2030, aim to boost industrial automation, further supporting the market's growth. Key players in the market are actively expanding their presence and engaging in strategic collaborations to enhance their market share and profitability.
Middle East and Africa Proximity Sensors Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Intensity of Competitive Rivalry
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1.2.5 Threat of Substitutes
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1.3 Industry Value Chain Analysis
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1.4 Market Drivers
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1.4.1 Growth in Industrial Automation
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1.5 Market Restraints
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1.5.1 Limitations in Sensing Capabilities
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1.6 Assessment of Impact of COVID-19 on the market
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2. MARKET SEGMENTATION
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2.1 Technology
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2.1.1 Inductive
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2.1.2 Capacitive
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2.1.3 Photoelectric
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2.1.4 Magnetic
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2.2 End-user Vertical
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2.2.1 Aerospace and Defense
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2.2.2 Automotive
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2.2.3 Industrial
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2.2.4 Consumer Electronics
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2.2.5 Food and Beverage
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2.2.6 Other End-user Verticals
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2.3 Country
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2.3.1 Saudi Arabia
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2.3.2 South Africa
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2.3.3 United Arab Emirates
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2.3.4 Rest of Middle East and Africa
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Middle East and Africa Proximity Sensors Market Size FAQs
What is the current Middle East and Africa Proximity Sensors Market size?
The Middle East and Africa Proximity Sensors Market is projected to register a CAGR of 6.14% during the forecast period (2024-2029)
Who are the key players in Middle East and Africa Proximity Sensors Market?
Sick AG, STMicroelectronics NV , Datalogic SpA , Rockwell Automation Inc. and Delta Electronics Inc. are the major companies operating in the Middle East and Africa Proximity Sensors Market.
