NEW YORK, The smart sensors market in UAE is expected to grow by USD 842.20 mn from 2021 to 2026, according to Technavio. The growth momentum of the market will decelerate at a CAGR of 15.96%.
Smart Sensors Market In UAE 2022-2026: Top 3 Smart Sensors Market Players in UAE
ABB Ltd. – The company offers smart sensors products such as ABB Ability Sensor.
Analog Devices Inc. – The company offers sensors products such as plug and play iSensor MEMS subsystems.
Infineon Technologies AG – The company offers smart sensors products such as XENSIV sensors.
Smart Sensors Market In UAE 2022-2026: Drivers
One of the key drivers supporting the sensors market growth in the UAE is the emergence of Industry 4.0. The emergence of smart factories has led to developments in intelligent sensing technologies, which are used in all industrial automation applications. The key advantages of using intelligent sensing technology in industries are accuracy and consistency, which enable functions such as picking, placing, labeling, and printing to be performed at higher production rates and better quality control. Owing to these capabilities, sensors have become capable of more complex data processing within the sensor unit independent of the programmable logic controller (PLC). Therefore, the advent of Industry 4.0 is anticipated to drive the growth of the market in focus during the forecast period.
Smart Sensors Market In UAE 2022-2026: Segmentation
By technology, the sensors market in UAE has been segmented into MEMS-based sensors and CMOS-based sensors. The MEMs-based smart sensors segment will have significant market share growth during the forecast period. MEMS technology provides several advantages over the existing microscopic electromechanical sensors. It refers to devices or components that are very small in size, ranging from a few micrometers to millimeters, and combine both electrical and mechanical components. Moreover, MEMS-based smart sensors are crucial components in several disciplinary areas such as automotive electronics, medical equipment, and others. Thus, the increasing adoption of MEMS technology in designing and developing sensors is expected to propel market growth during the forecast period.
By application, the sensors market in UAE has been segmented into automotive, industrial automation, consumer electronics, and others. The automotive segment will have significant market share growth during the forecast period. Automotive manufacturers widely use sensors for auto-braking, blind-spot detection, lane departure alerts, and to reduce safety errors. Moreover, due to government regulations regarding driving and growing concerns about passengers’ safety, smart sensors are being used by automobile manufacturers in airbag systems. UAE is one of the leading research and development hubs for technologies using micro and nanotechnology, particularly in the Middle East. Due to this, the sensors market is creating various opportunities for smarter automotive applications in the country.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,
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