Middle East & Africa Traffic Sensor Market Size & Outlook
MEA traffic sensor market highlights
- The MEA traffic sensor market generated a revenue of USD 1,811.5 million in 2023.
- The market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, piezoelectric sensors was the largest revenue generating type in 2023.
- Piezoelectric Sensors is the most lucrative type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 1,811.5 million |
| Market revenue in 2030 | USD 2,937.0 million |
| Growth rate | 7.1% (CAGR from 2024 to 2030) |
| Largest segment | Piezoelectric sensors |
| Fastest growing segment | Piezoelectric Sensors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Piezoelectric Sensors |
| Key market players worldwide | TE Connectivity Ltd, Teledyne FLIR, SWARCO, Q-Free ASA Ordinary Shares, SICK, Inc, Raytheon Systems Ltd, Siemens AG |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.9% of the global traffic sensor 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 8,497.1 million by 2030.
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Traffic Sensor Market Scope
Traffic Sensor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Econolite | View profile | 501-1000 | Anaheim, California, United States, North America | https://www.econolite.com |
| Raytheon Systems Ltd | View profile | - | Waltham, Massachusetts, United States, North America | https://www.raytheon.com/uk |
| Teledyne FLIR | View profile | 1001-5000 | Wilsonville, Oregon, United States, North America | http://www.flir.com |
| SWARCO | View profile | 5001-10000 | Wattens, Tirol, Austria, Europe | https://www.swarco.com/ |
| SICK, Inc | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | https://www.sick.com/us/en/ |
| Q-Free ASA Ordinary Shares | View profile | 369 | Strindfjordvegen 1, Ranheim, Norway, 7053 | https://www.q-free.com |
| TE Connectivity Ltd | View profile | 90000 | Muhlenstrasse 26, Schaffhausen, Switzerland, CH-8200 | https://www.te.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
Middle East & Africa traffic 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 traffic sensor market will help companies and investors design strategic landscapes.
Piezoelectric sensors was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Middle East & Africa traffic sensor market based on piezoelectric sensors covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of traffic 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 traffic sensor market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa traffic sensor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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