Middle East & Africa Position Sensors Market Size & Outlook
The position sensors market in Middle East & Africa is expected to reach a projected revenue of US$ 373.9 million by 2030. A compound annual growth rate of 6.2% is expected of Middle East & Africa position sensors market from 2024 to 2030.
Revenue, 2023 (US$M)
$244.7
Forecast, 2030 (US$M)
$373.9
CAGR, 2024 - 2030
6.2%
Report Coverage
Middle East & Africa
Middle East & Africa position sensors market, 2018-2030 (US$M)
MEA position sensors market highlights
- The MEA position sensors market generated a revenue of USD 244.7 million in 2023.
- The market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, photoelectric was the largest revenue generating application in 2023.
- Photoelectric is the most lucrative application segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 244.7 million |
| Market revenue in 2030 | USD 373.9 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Photoelectric |
| Fastest growing segment | Photoelectric |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Photoelectric |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.8% of the global position sensors market in 2023.
- Globally, Europe 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 2,816.4 million by 2030.
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Position Sensors Market Scope
Position sensors market segmentation & scope
End Use
Automotive
Military & Aerospace
Electronics & Semiconductor
Packaging
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Japan
China
India
Australia
South Korea
Brazil
South Africa
Saudi Arabia
UAE
Position Sensors Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa position sensors market
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