Middle East & Africa Laser Sensor Market Size & Outlook

The laser sensor market in Middle East & Africa is expected to reach a projected revenue of US$ 70.9 million by 2030. A compound annual growth rate of 7.5% is expected of Middle East & Africa laser sensor market from 2024 to 2030.
Revenue, 2023 (US$M)
$42.8
Forecast, 2030 (US$M)
$70.9
CAGR, 2024 - 2030
7.5%
Report Coverage
Middle East & Africa

Middle East & Africa laser sensor market, 2018-2030 (US$M)

Middle

MEA laser sensor market highlights

  • The MEA laser sensor market generated a revenue of USD 42.8 million in 2023.
  • The market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
  • In terms of segment, hardware was the largest revenue generating component in 2023.
  • Hardware is the most lucrative component segment registering the fastest growth during the forecast period.


MEA data book summary

Market revenue in 2023USD 42.8 million
Market revenue in 2030USD 70.9 million
Growth rate7.5% (CAGR from 2023 to 2030)
Largest segmentHardware
Fastest growing segmentHardware
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware
Key market players worldwideKeyence Corp, Banner Health, SICK, Inc, Rockwell Automation Inc, OMRON Corp, Baumer, Panasonic Holdings Corp, Schneider Electric SE


Other key industry trends

  • In terms of revenue, MEA region accounted for 5.2% of the global laser sensor 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 688.9 million by 2030.

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Laser Sensor Market Scope

Laser sensor market segmentation & scope
Software
Services
Type
Laser Displacement Sensors
Laser Photoelectric Sensors
Laser Scanners
Others
Application
Security & Surveillance
Motion & Guidance
Process Monitoring and Quality Control
Distance Measurement
Manufacturing Plant Management
Other
End Use
Automotive
Aerospace & Defense
Food & Beverages
Consumer Electronics
Chemical
Healthcare
Other1
Countries
U.S.
Canada
Mexico
UK
Germany
France
Japan
China
India
Australia
South Korea
Brazil
South Africa
Saudi Arabia
UAE

Laser Sensor Market Companies

Name Profile # Employees HQ Website

Middle East & Africa laser sensor market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to laser sensor market will help companies and investors design strategic landscapes.


Hardware was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Middle East & Africa laser sensor market based on hardware covering the revenue growth of each sub-segment from 2018 to 2030.


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  • Our clientele includes a mix of laser sensor market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa laser sensor market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa laser sensor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Middle East & Africa laser sensor market

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