Middle East & Africa Machine Vision Market Size & Outlook
Middle East & Africa machine vision market, 2018-2030 (US$M)
Related Markets
MEA machine vision market highlights
- The MEA machine vision market generated a revenue of USD 1,449.3 million in 2023.
- The market is expected to grow at a CAGR of 12.8% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating offering in 2023.
- Software is the most lucrative offering segment registering the fastest growth during the forecast period.
- Country-wise, Israel is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,449.3 million |
| Market revenue in 2030 | USD 3,375.7 million |
| Growth rate | 12.8% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Basler AG, Cognex Corp, Keyence Corp, OMRON Corp, SICK, Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.8% of the global machine vision 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 19,587.8 million by 2030.
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Machine Vision Market Scope
Machine Vision Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa machine vision 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 machine vision market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 66.92% in 2023. Horizon Databook has segmented the Middle East & Africa machine vision market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Machine Vision Offering Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Software
- Services
- Middle East & Africa Machine Vision Product Outlook (Revenue, USD Million, 2018-2030)
- PC based
- Smart Camera based
- Middle East & Africa Machine Vision Application Outlook (Revenue, USD Million, 2018-2030)
- Quality Assurance & Inspection
- Positioning & Guidance
- Measurement
- Identification
- Middle East & Africa Machine Vision End-Use Industry Outlook (Revenue, USD Million, 2018-2030)
- Automotive
- Pharmaceuticals & Chemicals
- Electronics & Semiconductor
- Pulp & Paper
- Printing & Labeling
- Food & Beverage
- Glass & Metal
- Postal & Logistics
- Others
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Target buyers of Middle East & Africa machine vision market databook
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Our clientele includes a mix of machine vision market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa machine vision market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa machine vision market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA machine vision market size, by country, 2018-2030 (US$M)
Middle East & Africa Machine Vision Market Outlook Share, 2023 & 2030 (US$M)
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