Middle East & Africa Laser Distance Sensor Market Forecast to 2030

At 6.3% CAGR, Middle East & Africa Laser Distance Sensor Market is Speculated to be Worth US$ 129.29 Million by 2030, says the Research Team

According to the Research Team’ research, the Middle East & Africa laser distance sensor market was valued at US$ 79.24 million in 2022 and is expected to reach US$ 129.29 million by 2030, registering a CAGR of 6.3% from 2022 to 2030. Rise in government spending on defense sector and advent of advanced robotics solutions are among the critical factors attributed to the Middle East & Africa laser distance sensor market expansion.

The change in the modern warfare system has been urging governments across the globe to allocate higher funds toward respective military forces to procure advanced technologies and equipment. With the demand to strengthen military forces with advanced technologies, machinery, and vehicles, defense forces across the globe are investing substantial amounts in these products. For example, according to the Stockholm International Peace Research Institute (SIPRI), global military expenditure increased by 3.7% in 2022 to reach a new high of US$ 2,240 billion. The continuous requirement to procure new technologies for combat and non-combat operations by the defense forces is further boosting the defense spending to the demand for laser distance sensors for applications such as production line testing and measurement or advanced vehicle development. With the help of these sensors, the military force can precisely locate and engage targets with precision using global position system (GPS)-guided and laser-guided munitions. Thus, the rising government spending on military expenditure and wide application of sensing technology drive the demand for equipment and vehicles with advanced sensing technologies. This, in turn, is expected to create lucrative growth opportunities for the laser distance sensor market.

On the contrary, stringent government regulations for using laser-based products hampers the growth of Middle East & Africa laser distance sensor market.

Based on distance, the Middle East & Africa laser distance sensor market is segmented into between 2 and 10 meters, between 11 and 100 meters, between 101 and 200 meters, and between 201 and 500 meters. The between 101 and 200 meters segment held 38.0% share of the Middle East & Africa laser distance sensor market in 2022, amassing US$ 30.08 million. It is projected to garner US$ 50.93 million by 2030 to expand at 6.8% CAGR during 2022-2030.

In terms of accuracy, the Middle East & Africa laser distance sensor market is segmented into 1 mm at 2 sigma, 3 mm with 2 sigma, and 5 mm at 2 sigma. The 3 mm with 2 sigma segment held 46.8% share of the Middle East & Africa laser distance sensor market in 2022, amassing US$ 37.07 million. It is estimated to garner US$ 60.72 million by 2030 to expand at 6.4% CAGR during 2022-2030.

By end user, the Middle East & Africa laser distance sensor market is segmented into manufacturing, construction, automotive and robotics, aerospace and defense, geospatial industry, and others. The automotive and robotics segment held 31.9% share of Middle East & Africa laser distance sensor market in 2022, amassing US$ 25.26 million. It is predicted to garner US$ 43.69 million by 2030 to expand at 7.1% CAGR during 2022-2030.

Based on country, the Middle East & Africa laser distance sensor market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa held 43.4% share of Middle East & Africa laser distance sensor market in 2022, amassing US$ 34.38 million. It is projected to garner US$ 52.42 million by 2030 to expand at 5.4% CAGR during 2022-2030.

Key players operating in the Middle East & Africa laser distance sensor market are Sick AG, ifm Electronic GmbH, Baumer Holding AG, Keyence Corp, Leuze electronic GmbH & Co KG, and Jenoptik AG, among others.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa laser distance sensor market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Middle East & Africa laser distance sensor market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Laser Distance Sensor Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 Component Providers:
4.2.2 Manufacturers:
4.2.3 Distributors or Suppliers:
4.2.4 End-Users:
4.2.5 List of Vendors in Value Chain
5. Middle East & Africa Laser Distance Sensor Market – Key Industry Dynamics
5.1 Drivers
5.1.1 Rise in Demand for Sensors in Automotive Applications
5.1.2 Strategic Initiatives by Market Players
5.2 Restraints
5.2.1 Stringent Government Regulations for Using Laser-Based Products
5.3 Opportunities
5.3.1 Government Initiatives to Boost Manufacturing Facilities
5.3.2 Rise in Government Spending on Defense Sector
5.4 Future Trends:
5.4.1 Advent of Advanced Robotics Solutions
5.5 Impact of Drivers and Restraints:
6. Laser Distance Sensor Market – Middle East & Africa Market Analysis
6.1 Middle East & Africa Laser Distance Sensor Market Revenue (US$ Million), 2022 – 2030
7. Middle East & Africa Laser Distance Sensor Market Analysis – Distance
7.1 Between 2 and 10 Meters
7.1.1 Overview
7.2 Between 11 and 100 Meters
7.2.1 Overview
7.3 Between 101 and 200 Meters
7.3.1 Overview
7.4 Between 201 and 500 Meters
7.4.1 Overview
8. Middle East & Africa Laser Distance Sensor Market Analysis – Accuracy
8.1 1mm at 2 Sigma
8.1.1 Overview
8.2 3mm with 2 Sigma
8.2.1 Overview
8.3 5mm at 2 Sigma
8.3.1 Overview
9. Middle East & Africa Laser Distance Sensor Market Analysis – End user
9.1 Manufacturing
9.1.1 Overview
9.2 Construction
9.2.1 Overview
9.3 Automotive and Robotics
9.3.1 Overview
9.4 Aerospace and Defence
9.4.1 Overview
9.5 Geospatial Industry
9.5.1 Overview
9.6 Others
9.6.1 Overview
10. Middle East & Africa Laser Distance Sensor Market – Country Analysis
10.1 Middle East & Africa
10.1.1 Middle East & Africa Laser Distance Sensor Market Overview
10.1.2 Middle East & Africa Laser Distance Sensor Market Revenue and Forecasts and Analysis – By Countries
10.1.2.1 South Africa Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.1.1 South Africa Laser Distance Sensor Market Breakdown by Distance
10.1.2.1.2 South Africa Laser Distance Sensor Market Breakdown by Accuracy
10.1.2.1.3 South Africa Laser Distance Sensor Market Breakdown by End user
10.1.2.2 Saudi Arabia Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.2.1 Saudi Arabia Laser Distance Sensor Market Breakdown by Distance
10.1.2.2.2 Saudi Arabia Laser Distance Sensor Market Breakdown by Accuracy
10.1.2.2.3 Saudi Arabia Laser Distance Sensor Market Breakdown by End user
10.1.2.3 UAE Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.3.1 UAE Laser Distance Sensor Market Breakdown by Distance
10.1.2.3.2 UAE Laser Distance Sensor Market Breakdown by Accuracy
10.1.2.3.3 UAE Laser Distance Sensor Market Breakdown by End user
10.1.2.4 Rest of Middle East & Africa Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.4.1 Rest of Middle East & Africa Laser Distance Sensor Market Breakdown by Distance
10.1.2.4.2 Rest of Middle East & Africa Laser Distance Sensor Market Breakdown by Accuracy
10.1.2.4.3 Rest of Middle East & Africa Laser Distance Sensor Market Breakdown by End user
11. Laser Distance Sensor Market Industry Landscape
11.1 Overview
11.2 Market Initiatives
12. Company Profiles
12.1 Sick AG
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 ifm Electronic GmbH
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Baumer Holding AG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Keyence Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Leuze electronic GmbH & Co KG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Jenoptik AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
13.1 About The the Reporting Teams
13.2 Word Index

LIST OF TABLES

Table 1. Middle East & Africa Laser Distance Sensor Market Segmentation
Table 2. Middle East & Africa Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million) – Distance
Table 3. Middle East & Africa Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million) – Accuracy
Table 4. Middle East & Africa Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million) – End user
Table 5. Middle East and Africa Laser Distance Sensor Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 6. South Africa Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million) – By Distance
Table 7. South Africa Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million) – By Accuracy
Table 8. South Africa Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million) – By End user
Table 9. Saudi Arabia Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million) – By Distance
Table 10. Saudi Arabia Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million) – By Accuracy
Table 11. Saudi Arabia Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million) – By End user
Table 12. UAE Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million) – By Distance
Table 13. UAE Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million) – By Accuracy
Table 14. UAE Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million) – By End user
Table 15. Rest of Middle East & Africa Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million) – By Distance
Table 16. Rest of Middle East & Africa Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million) – By Accuracy
Table 17. Rest of Middle East & Africa Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million) – By End user
Table 18. List of Abbreviation

LIST OF FIGURES

Figure 1. Middle East & Africa Laser Distance Sensor Market Segmentation, By Country
Figure 2. Ecosystem: Middle East & Africa Laser Distance Sensor Market
Figure 3. Middle East & Africa Laser Distance Sensor Market – Key Industry Dynamics
Figure 4. Impact Analysis of Drivers And Restraints
Figure 5. Middle East & Africa Laser Distance Sensor Market Revenue (US$ Million), 2022 – 2030
Figure 6. Middle East & Africa Laser Distance Sensor Market Share (%) – Distance, 2022 and 2030
Figure 7. Between 2 and 10 Meters Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Between 11 and 100 Meters Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Between 101 and 200 Meters Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Between 201 and 500 Meters Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Middle East & Africa Laser Distance Sensor Market Share (%) – Accuracy, 2022 and 2030
Figure 12. 1mm at 2 Sigma Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. 3mm with 2 Sigma Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. 5mm at 2 Sigma Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Middle East & Africa Laser Distance Sensor Market Share (%) – End user, 2022 and 2030
Figure 16. Manufacturing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Construction Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Automotive and Robotics Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Aerospace and Defence Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Geospatial Industry Market Revenue and Forecasts to 2030 (US$ Million)
Figure 21. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Middle East & Africa Laser Distance Sensor Market- Revenue by Key Countries 2022 (US$ Million)
Figure 23. Laser Distance Sensor Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 24. South Africa Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)
Figure 25. Saudi Arabia Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)
Figure 26. UAE Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)
Figure 27. Rest of Middle East & Africa Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)