Middle East & Africa Vision Sensor Market Forecast to 2030

At 10.2% CAGR, Middle East & Africa Vision Sensor Market is Speculated to be Worth US$ 533.93 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, 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, registering a CAGR of 10.2% from 2022 to 2030. High adoption of vision sensors in consumer electronics industry and evolution of industry 4.0 are among the critical factors attributed to drive the Middle East & Africa vision sensor market growth.

Vision sensors are typically used to verify operational effectiveness and maintain product quality. They are also used in code reading, gauging, and localization applications to improve business productivity by streamlining operations. Numerous industries, including automotive, electronics and semiconductors, industrial manufacturing, food and packaging, and pharmaceutical, are using these sensors to detect defects in their production lines. The electrical sector and consumer electronics both use vision sensors to enhance device capabilities such as facial recognition, augmented reality (AR), gesture control, and object recognition. Vision sensors are highly used in smartphones for face unlocks, photo enhancement, and AR filters. The growing use of vision sensors in consumer electronics industries is accelerating the market growth. Also, the rising need to check defects in the production facilities has bolstered the vision sensor market growth. According to IDC Corporate, in August 2023, the smartphone shipment reached 1.15 billion units and is expected to increase at 4.5% year-over-year growth from 2024. The growing adoption of smartphones is expected to continue to drive the vision sensor market in the near future.

On the contrary, high costs associated with vision sensors hamper the growth of Middle East & Africa vision sensor market.

Based on type, the Middle East & Africa vision sensor market is bifurcated into less than 3D and 3D. The less than 3D segment held 78.9% market share in 2022, amassing US$ 193.02 million. It is projected to garner US$ 411.83 million by 2030 to register 9.9% CAGR during 2022–2030.

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 49.2% share of Middle East & Africa vision sensor market in 2022, amassing US$ 120.39 million. It is anticipated to garner US$ 282.31 million by 2030 to expand at 11.2% CAGR during 2022–2030.

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 45.9% share of Middle East & Africa vision sensor market in 2022, amassing US$ 112.39 million. It is projected to garner US$ 264.16 million by 2030 to expand at 11.3% CAGR from 2022 to 2030.

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. Our regional analysis states that the UAE captured 43.4% share of Middle East & Africa vision sensor market in 2022. It was assessed at US$ 106.28 million in 2022 and is likely to hit US$ 249.17 million by 2030, registering a CAGR of 11.2% during 2022–2030.

Key players operating in the Middle East & Africa vision sensor market are 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, among others.

In August 2022, IFM acquired a minority stake in the Hidensity Group, the sole owner of Biel-based HMT Microelectronic. Hidensity has supported and enabled IFM’s participation by selling its shares of 30 percent. In April 2021, The Baumer inductive distance sensor family IF08 was enlarged with small cubic designs in stainless steel housings, a wide measuring range of up to 3 mm, and exceptional and unrivaled market-leading configuration options via the IO-Link interface. The sensors have two advantages: their compact size of only 24.6 x 8.8 x 7.8 mm allows them to be installed in areas with limited installation space or mounting options.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa vision 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 the Middle East & Africa vision 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 Middle East & Africa vision sensor market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The Research Team 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 Vision Sensor Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. Middle East & Africa Vision Sensor Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Funding and Investment in Developing and Advancing Vision Sensors
5.1.2 High Adoption of Vision Sensors in Consumer Electronics Industry
5.2 Market Restraints
5.2.1 High Costs Associated with Vision Sensors
5.3 Market Opportunities
5.3.1 Adoption of AI-Based Vision Sensors
5.4 Future Trends
5.4.1 Evolution of Industry 4.0
5.5 Impact of Drivers and Restraints:
6. Vision Sensor Market – Middle East & Africa Analysis
6.1 Vision Sensor Market Overview
6.2 Vision Sensor Market Revenue (US$ Million), 2020-2030
6.3 Vision Sensor Market Forecast Analysis
7. Middle East & Africa Vision Sensor Market Analysis – by Type
7.1 Less than 3D
7.1.1 Overview
7.1.2 Less than 3D: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
7.2 3D
7.2.1 Overview
7.2.2 3D: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
8. Middle East & Africa Vision Sensor Market Analysis – by Application
8.1 Inspection
8.1.1 Overview
8.1.2 Inspection: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Gauging
8.2.1 Overview
8.2.2 Gauging: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Code Reading
8.3.1 Overview
8.3.2 Code Reading: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
9. Middle East & Africa Vision Sensor Market Analysis – by Industry Vertical
9.1 Automotive
9.1.1 Overview
9.1.2 Automotive: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
9.2 Electronics
9.2.1 Overview
9.2.2 Electronics: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
9.3 Food & Beverage
9.3.1 Overview
9.3.2 Food & Beverage: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Industrial Manufacturing
9.4.1 Overview
9.4.2 Industrial Manufacturing: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10. Middle East & Africa Vision Sensor Market – Country Analysis
10.1 Middle East & Africa Vision Sensor Market Overview
10.1.1 Middle East & Africa: Vision Sensor Market Breakdown, by Key Countries, 2022 and 2030 (%)
10.1.1.1 Middle East & Africa: Vision Sensor Market – Revenue and Forecast Analysis – by Country
10.1.1.2 South Africa: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 South Africa: Vision Sensor Market Breakdown, by Type
10.1.1.2.2 South Africa: Vision Sensor Market Breakdown, by Application
10.1.1.2.3 South Africa: Vision Sensor Market Breakdown, by Industry Vertical
10.1.1.3 Saudi Arabia: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 Saudi Arabia: Vision Sensor Market Breakdown, by Type
10.1.1.3.2 Saudi Arabia: Vision Sensor Market Breakdown, by Application
10.1.1.3.3 Saudi Arabia: Vision Sensor Market Breakdown, by Industry Vertical
10.1.1.4 United Arab Emirates: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 United Arab Emirates: Vision Sensor Market Breakdown, by Type
10.1.1.4.2 United Arab Emirates: Vision Sensor Market Breakdown, by Application
10.1.1.4.3 United Arab Emirates: Vision Sensor Market Breakdown, by Industry Vertical
10.1.1.5 Rest of Middle East & Africa: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.5.1 Rest of Middle East & Africa: Vision Sensor Market Breakdown, by Type
10.1.1.5.2 Rest of Middle East & Africa: Vision Sensor Market Breakdown, by Application
10.1.1.5.3 Rest of Middle East & Africa: Vision Sensor Market Breakdown, by Industry Vertical
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions
13. Company Profiles
13.1 Cognex Corp
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Teledyne Technologies Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Keyence Corp
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Sick AG
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Balluff GmbH
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Baumer Holding AG
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Pepperl+Fuchs SE
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 ifm Electronic GmbH
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Hans Turck GmbH & Co. KG
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Leuze Electronic GmbH & Co KG
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Research Team
14.2 Word Index

LIST OF TABLES

Table 1. Middle East & Africa Vision Sensor Market Segmentation
Table 2. List of Vendors
Table 3. Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Table 4. Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 5. Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 6. Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million) – by Industry Vertical
Table 7. Middle East & Africa: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 8. South Africa: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 9. South Africa: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 10. South Africa: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 11. Saudi Arabia: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 12. Saudi Arabia: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 13. Saudi Arabia: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 14. United Arab Emirates: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 15. United Arab Emirates: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 16. United Arab Emirates: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 17. Rest of Middle East & Africa: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 18. Rest of Middle East & Africa: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 19. Rest of Middle East & Africa: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 20. Heat Map Analysis by Key Players
Table 21. List of Abbreviation

LIST OF FIGURES

Figure 1. Middle East & Africa Vision Sensor Market Segmentation, by Country
Figure 2. Ecosystem: Vision Sensor Market
Figure 3. Vision Sensor Market – Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Vision Sensor Market Revenue (US$ Million), 2020-2030
Figure 6. Vision Sensor Market Share (%) – by Type (2022 and 2030)
Figure 7. Less than 3D: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. 3D: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Vision Sensor Market Share (%) – by Application (2022 and 2030)
Figure 10. Inspection: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Gauging: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Code Reading: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Others: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Vision Sensor Market Share (%) – by Industry Vertical (2022 and 2030)
Figure 15. Automotive: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Electronics: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Food & Beverage: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Industrial Manufacturing: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Others: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Middle East & Africa Vision Sensor Market, by Key Country – Revenue (2022) (US$ Million)
Figure 21. Middle East & Africa: Vision Sensor Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 22. South Africa: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 23. Saudi Arabia: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 24. United Arab Emirates: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 25. Rest of Middle East & Africa: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 26. Company Positioning & Concentration