Middle East & Africa Machine Vision Lighting Market
No. of Pages: 77 | Report Code: TIPRE00025268 | Category: Electronics and Semiconductor
No. of Pages: 77 | Report Code: TIPRE00025268 | Category: Electronics and Semiconductor
The Middle East & Africa machine vision lighting market was valued at US$ 113.53 million in 2022 and is expected to reach US$ 188.47 million by 2030; it is estimated to grow at a CAGR of 6.5% from 2022-2030.
Multispectral and hyperspectral imaging enables the capture of spectral information across different wavelengths, facilitating detailed material analysis. It contributes to improved quality control by revealing subtle defects or variations that may not be visible in traditional imaging. It also helps in capturing and analyzing information beyond the visible spectrum, providing valuable insights for various applications. Lighting solutions designed for multispectral and hyperspectral systems are essential to provide uniform illumination and enhance contrast, ensuring the accurate detection of defects in diverse materials. Multispectral and hyperspectral imaging find applications in precision agriculture for crop monitoring, disease detection, and nutrient analysis. Lighting solutions designed for agricultural machine vision systems are developed to support the specific spectral requirements of these applications, optimizing imaging conditions for accurate analysis. Thus, multispectral and hyperspectral imaging in the machine vision industry influences the development of specialized lighting solutions. These lighting advancements contribute to improved imaging accuracy, enhanced material analysis, and expanded applications across various industries owing to which a significant trend in the machine vision industry can be observed.
The manufacturing sector of the Middle East is booming, and the government is taking several steps to encourage the region’s manufacturing sector. For instance, Dubai has established itself as one of the biggest industrial centers for attracting new manufacturers. The UAE’s Department of Economic Development has stated that the manufacturing sector is gaining pace and accounts for approximately 80% of the country’s trade, which does not include oil, thereby signifying the manufacturing industry as the second biggest contributor to the UAE’s economy. Major manufacturing industries in Dubai include rubber, plastics, F&B, printing and publishing, base metals, chemicals, metals, and electrical equipment and machinery. Further, dominant industry sectors in Saudi Arabia include plastics, metals, and ship & aircraft repair. Also, the MEA is experiencing growth in its EV manufacturing. The growing production capabilities of EVs in the MEA further assist the demand for machine vision lighting. Saudi Electricity Company signed an agreement in 2022 with Takaoka Tokyo, Nissan Motor, and Tokyo Electric Power Company to develop the first EV pilot project in Saudi Arabia. The UAE government plans to have 42,000 electric cars on the roads in the coming years. The growth of the manufacturing industry in the region is anticipated to further propel the market demand for machine vision lighting in the MEA.
Strategic insights for the Middle East & Africa Machine Vision Lighting provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 113.53 Million |
Market Size by 2030 | US$ 188.47 Million |
Global CAGR (2022 - 2030) | 6.5% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Lighting Type
|
Regions and Countries Covered | Middle East and Africa
|
Market leaders and key company profiles |
The geographic scope of the Middle East & Africa Machine Vision Lighting refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Middle East & Africa machine vision lighting market is segmented based on lighting type, spectrum of light, application, and country. Based on lighting type, the Middle East & Africa machine vision lighting market is categorized into LEDs, fiber optic lights (halogen), fluorescent lighting, xenon, and others. The LEDs segment held the largest market share in 2022.
In terms of spectrum of light, the Middle East & Africa machine vision lighting market is categorized into visible spectrum, IR spectrum, and UV spectrum. The visible spectrum segment held the largest market share in 2022.
Based on application, the Middle East & Africa machine vision lighting market is categorized into automotive, food & beverage, pharmaceuticals, consumer electronics, logistics, and others. The automotive segment held the largest market share in 2022.
By country, the Middle East & Africa machine vision lighting market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa machine vision lighting market share in 2022.
Schott AG, Spectrum Illumination, Omron Microscan Systems Inc, wenglor sensoric GmbH, and Cognex Corp are some of the leading companies operating in the Middle East & Africa machine vision lighting market.
The Middle East & Africa Machine Vision Lighting Market is valued at US$ 113.53 Million in 2022, it is projected to reach US$ 188.47 Million by 2030.
As per our report Middle East & Africa Machine Vision Lighting Market, the market size is valued at US$ 113.53 Million in 2022, projecting it to reach US$ 188.47 Million by 2030. This translates to a CAGR of approximately 6.5% during the forecast period.
The Middle East & Africa Machine Vision Lighting Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Machine Vision Lighting Market report:
The Middle East & Africa Machine Vision Lighting Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Machine Vision Lighting Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Machine Vision Lighting Market value chain can benefit from the information contained in a comprehensive market report.