At 5.3% CAGR, the Middle East & Africa 3D Measurement Sensor in logistics Market is Projected to be Worth US$ 9.93 million by 2030, says Business Market Insights

According to Business Market Insights research, the Middle East & Africa 3D measurement sensor in logistics market was valued at US$ 6.55 million in 2022 and is expected to reach US$ 9.93 million by 2030, registering a CAGR of 5.3% from 2022 to 2030.  Increasing use of measurement sensors in logistics and growth of logistics industry are the critical factors attributed to the growth of Middle East & Africa 3D measurement sensor in logistics market.

According to Analog Devices, Inc., global parcel shipments are expected to reach 220 billion by 2027, owing to the growing automation in the logistics and retail industry. Automation in logistics helps achieve efficiency and sustainability in the supply chain, along with satisfying consumer demand for faster delivery. It also enhances operational efficiency at the warehouse by providing real-time data through machine vision, asset tracking, data capture scanning, and object dimensioning. Further, it has been observed that the warehouse and distribution centers operate at only 80–85% efficiency. The automation at these centers can help reduce and resolve issues such as missorted products.

Various manufacturers are developing new technology and solutions as the demand for automation increases in the logistics industry. Analog Devices, Inc. offers 3D depth-sensing technology, which enables scanning, dimensioning, and asset tracking for transportation and logistics applications. The 3D ToF is a scanner less LIDAR that uses high-power optical pulses in durations of nanoseconds to capture depth information from a scene of interest. In addition, various other market players are developing innovative solutions. In May 2023, Vzense Technology Inc. introduced a 3D depth-sensing camera that can be used for inventory tracking. This camera uses infrared light to sense the distance between objects and help track the movement of objects in 3D space. Thus, all the above factors have surged the demand for automation in the logistics industry, which is expected to fuel the growth of the Middle East & Africa 3D measurement sensors in logistics market during the forecast period.

On the contrary, 3D measurement sensor issues hamper the Middle East & Africa 3D measurement sensor in logistics market.  

Based on type, the Middle East & Africa 3D measurement sensor in logistics market is segmented into image sensors, position sensors, acoustic sensors, and others. The image sensors segment held 46.8% share of Middle East & Africa 3D measurement sensor in logistics market in 2022, amassing US$ 3.07 million. It is projected to garner US$ 4.27 million by 2030 to expand at 4.2% CAGR during 2022–2030.

Based on technology, the Middle East & Africa 3D measurement sensor in logistics market is segmented into stereo vision, structured light, laser light, and others. The structured light segment held 44.3% share of Middle East & Africa 3D measurement sensor in logistics market in 2022, amassing US$ 2.90 million. It is projected to garner US$ 4.09 million by 2030 to expand at 4.4% CAGR during 2022–2030.

Based on country, the Middle East & Africa 3D measurement sensor in logistics market has been categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 36.3% share of Middle East & Africa 3D measurement sensor in logistics market in 2022. It was assessed at US$ 2.38 million in 2022 and is likely to hit US$ 3.70 million by 2030, exhibiting a CAGR of 5.7% during 2022–2030.

Key players operating in the Middle East & Africa 3D measurement sensor in logistics market are Cognex Corp, Ifm Electronic GmbH, Infineon Technologies AG, Intel Corp, Micro-Epsilon Messtechnik GmbH & Co KG, OMRON Corp, and Sick AG, among others.

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