Middle East & Africa Vibration Sensor Market Size & Outlook
Middle East & Africa vibration sensor market, 2017-2030 (US$M)
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MEA vibration sensor market highlights
- The MEA vibration sensor market generated a revenue of USD 177.6 million in 2023.
- The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, accelerometers was the largest revenue generating type in 2023.
- Displacement Sensor is the most lucrative type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 177.6 million |
| Market revenue in 2030 | USD 253.5 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Accelerometers |
| Fastest growing segment | Displacement Sensor |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Accelerometers, Velocity Sensor, Displacement Sensor |
| Key market players worldwide | Baumer, Bosch, TE Connectivity Ltd, Emerson Electric Co, Honeywell International Inc, Safran SA, Spectris PLC, Analog Devices Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.0% of the global vibration 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 2,917.3 million by 2030.
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Vibration Sensor Market Scope
Vibration Sensor Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa vibration 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 vibration sensor market will help companies and investors design strategic landscapes.
Accelerometers was the largest segment with a revenue share of 43.75% in 2023. Horizon Databook has segmented the Middle East & Africa vibration sensor market based on accelerometers, velocity sensor, displacement sensor covering the revenue growth of each sub-segment from 2017 to 2030.
The International Air Transport Association stated that UAE’s aviation sector is expected to contribute USD 128 billion to the nation’s economy by 2037. The growing aviation industry in the country is expected to create the need for accelerometers for monitoring the turbulence in the aircraft.
Large smartphone screens are in demand among the consumers in South Africa. Accelerometers are used in smartphones for detecting mobile phone orientation. Thus, the increasing number of smartphones is driving the market growth in South Africa.
Company, and others in UAE is expected to create the demand for accelerometers in current days. As accelerometers are used in oil & gas companies for measuring vibrations in pumps, gearboxes, and fans.
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Our clientele includes a mix of vibration sensor market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa vibration sensor market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa vibration sensor market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa vibration sensor market
Middle East & Africa Vibration Sensor Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa vibration sensor market
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