Middle East & Africa Iot Sensors Market Size & Outlook
The iot sensors market in Middle East & Africa is expected to reach a projected revenue of US$ 4,486.4 million by 2030. A compound annual growth rate of 37.2% is expected of Middle East & Africa iot sensors market from 2024 to 2030.
Revenue, 2023 (US$M)
$491.4
Forecast, 2030 (US$M)
$4,486.4
CAGR, 2024 - 2030
37.2%
Report Coverage
Middle East & Africa
Middle East & Africa iot sensors market, 2018-2030 (US$M)
MEA iot sensors market highlights
- The MEA iot sensors market generated a revenue of USD 491.4 million in 2023.
- The market is expected to grow at a CAGR of 37.2% from 2024 to 2030.
- In terms of segment, temperature sensors was the largest revenue generating sensors in 2023.
- Temperature Sensors is the most lucrative sensors segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 491.4 million |
| Market revenue in 2030 | USD 4,486.4 million |
| Growth rate | 37.2% (CAGR from 2024 to 2030) |
| Largest segment | Temperature sensors |
| Fastest growing segment | Temperature Sensors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Temperature Sensors |
| Key market players worldwide | Texas Instruments Inc, TE Connectivity Ltd, STMicroelectronics NV, NXP Semiconductors NV, Honeywell International Inc, Siemens AG, General Electric, OMRON Corp, Murata Manufacturing Co Ltd, Analog Devices Inc, Robert Bosch Engineering & Business Solutions, Infineon Technologies AG, Sensirion |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.7% of the global iot sensors market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 38,773.9 million by 2030.
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IoT Sensors Market Scope
Iot sensors market segmentation & scope
End Use
Consumer Electronics
Wearable Devices
Automotive & Transportation
BFSI
Healthcare
Retail
Building Automation
Oil & Gas
Agriculture
Aerospace & Defense
Others
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
IoT Sensors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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