Middle East & Africa Material Informatics Market Size & Outlook
The material informatics market in Middle East & Africa is expected to reach a projected revenue of US$ 23.7 million by 2030. A compound annual growth rate of 11.4% is expected of Middle East & Africa material informatics market from 2024 to 2030.
Revenue, 2023 (US$M)
$11.1
Forecast, 2030 (US$M)
$23.7
CAGR, 2024 - 2030
11.4%
Report Coverage
Middle East & Africa
Middle East & Africa material informatics market, 2018-2030 (US$M)
MEA material informatics market highlights
- The MEA material informatics market generated a revenue of USD 11.1 million in 2023.
- The market is expected to grow at a CAGR of 11.4% from 2024 to 2030.
- In terms of segment, elements was the largest revenue generating material type in 2023.
- Elements is the most lucrative material type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 11.1 million |
| Market revenue in 2030 | USD 23.7 million |
| Growth rate | 11.4% (CAGR from 2023 to 2030) |
| Largest segment | Elements |
| Fastest growing segment | Elements |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Elements |
| Key market players worldwide | ABB Ltd, Citrine Informatics, Dassault Systemes SE, Elsevier, Hitachi Ltd, International Business Machines Corp, Microsoft Corp, Phaseshift Technologies, Schrodinger Inc Ordinary Shares |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.2% of the global material informatics market in 2023.
- Globally, North America 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 98.7 million by 2030.
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Material Informatics Market Scope
Material informatics market segmentation & scope
Technology
Machine Learning
Deep Tensor
Statistical Analysis
Digital Annealer
Others(Genetic Algorithm, Cloud Computing)
End Use
Material Science
Chemical and Pharmaceutical
Electronics and Semiconductors
Automotive
Aerospace and Defense
Others (Food Science, Manufacturing)
Countries
U.S.
Canada
Mexico
UK
Germany
France
China
Japan
India
South Korea
Australia
Brazil
UAE
Saudi Arabia
South Africa
Material Informatics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa material informatics market
Related regional statistics
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