Middle East And Africa Non-Optical Sensors And Actuators Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Sensors, Pressure, Fingerprint, Magnetometer, Inertial, Others, Actuators), And By End-User Industries (Communication, Consumer Electronics, Automotive, Manufacturing), And By Country - Forecasts From 2022 To 2027
- Published : May 2022
- Report Code : KSI061612455
- Pages : 91
The Middle East Africa non-optical sensors and actuators market is projected to grow at a CAGR of 5.18% during the forecast period to reach US$211.391 million by 2027. Sensors and actuators are simple semiconductors that are designed to monitor, evaluate, and deliver changes in the environment. These simple components have an extensive impact on industrial systems. These two components usually work together to automate and streamline certain processes, such as manufacturing and facility management. They can even assist in preventing machinery failures while extending their lives. A sensor assesses and measures the surrounding environment's physical characteristics and converts physical inputs into electric ones as an output to the control modules. While the actuators work oppositely, they take the electric signals and input from the control centres and turn them into physical outputs. Both sensors and actuators are vital components of connected technology in the IIoT (Industrial Internet of Things), which heavily relies on the two to operate. In the past few years, IIoT has become integral and is being adopted in every industry across the globe. Thus, with the increase in the penetration of automation across the world, the demand for the two devices is bound to increase in the forecasted period.
The increasing penetration of automation and AI into several private and government organizations is expected to propel the market for sensors and actuators.
Many industries are beginning to recognize the benefits of automation and are gradually adopting it into their operations. With the increase in technological advancements and innovations, the blend of robotics, machine learning, and artificial intelligence can handle maintenance and operation aspects, increasing efficacy. For instance, the Middle East region, which houses several oil-producing countries, has a prominent oil and gas industry market across the globe. According to the US Energy Information Administration (EIA), Saudi Arabia is said to have produced 10.81 million barrels per day in 2020. In such industries, regardless of whether it is downstream or upstream, boosting safety while decreasing errors is significant. SIFCO ASC’s offer of automated plating systems, which can fluidly integrate into the current oil and gas production processes, is the best example of the above statements. Furthermore, amidst this, the demand for a pressure sensor, a device that measures the pressure of gases or liquids, is steadily increasing in the aforementioned industries. The recent developments and increase in investments in the African IT healthcare sector are also bound to propel market growth. For instance, the commencement of projects worth US$140 million by the African government is also bound to increase the country’s healthcare sector and the demand for automated medical equipment. Subsequently, the demand for the market for sensors and actuators is also bound to increase in the country during the forecasted period.
The increasing demand for pressure sensors is bound to boost the market size in the projected period.
The automation of the food and beverage manufacturing industries to enhance the quality and quantity to meet the global standard in the region has positively impacted the pressure sensor market. The partnership formed between Al Rawabi Diary and VEGA, a leading dairy and juice company in the UAE and an expert in level and pressure measurements, respectively, is the best example of the above statement. The subsequent installments of VEGABAR sensors made the operation easier and more efficient. Furthermore, with the increase in innovative developments in mobiles and smartwatches, the inclusion of GPS systems has also propelled the growth of the sensors market. For instance, in 2020, Bosch Sensortec introduced its new product, BMP581. BMP581 is a first-ever capacitive barometric pressure sensor, a perfect blend of the highest precision and low power consumption, enabling fitness tracking and many more. This sensor possesses exemplary accuracy and can detect even a change of a few centimeters. It can also detect water levels in household appliances and avoid flooding. The increasing development of smart houses, buildings, smart cities, and smart factories is also expected to further fuel the market growth of capacitors and actuators in the region during the projected period.
The outbreak of COVID-19 and country-wise lockdowns have slowed the global sensor and actuator market. Due to the increase in the number of cases in the region and the nationwide lockdown imposed by the various governments, many operations were held in 2020. Although many industrial activities recovered in the latter half of the year, there was still a gap in the supply chain due to delays in shipments and deliveries.
Key Market Segments
- By Type
- By End-User Industries
- Consumer Electronics
- By Country
- Saudi Arabia
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Source SX
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Porters Five Forces Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Powers of Buyers
4.4.3. Threat of Substitutes
4.4.4. The threat of New Entrants
4.4.5. Competitive Rivalry in Industry
4.5. Life Cycle Analysis – Regional Analysis
4.6. Market Attractiveness
5 MIDDLE EAST AND AFRICA NON-OPTICAL SENSORS AND ACTUATORS MARKET, BY TYPE
6. MIDDLE EAST AND AFRICA NON-OPTICAL SENSORS AND ACTUATORS MARKET, BY END-USER INDUSTRIES
6.2 Consumer Electronics
7. MIDDLE EAST AND AFRICA NON-OPTICAL SENSORS AND ACTUATORS MARKET, BY COUNTRY
7.1 Saudi Arabia
7.2 United Arab Emirates
8. COMPETITIVE INTELLIGENCE
8.1. Competitive benchmarking and analysis
8.2. Recent investment and deals
8.3. Strategies of key players
9. COMPANY PROFILES
9.1. Maxim integrated
9.2. NXP semiconductors
9.3. Infineon technologies ag
9.4. ST Microelectronics
9.5. Vishay intertechnology, inc.
9.6. Rohm semiconductor
9.7. Robert Bosch gmbh
9.8. TE Connectivity
9.9. Omron corporation
9.10. Panasonic corporation
Vishay Intertechnology, Inc.
Robert Bosch GmbH
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|South America Non-Optical Sensors and Actuators Market Size: 2022-2027||May 2022|
|Europe Non-Optical Sensors and Actuators Market Size: 2022-2027||Apr 2022|
|North America Non-Optical Sensors and Actuators Market: 2022-2027||Jun 2022|
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