The Latin America, Middle East and Africa Optical Sensors Market would witness market growth of 11% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 21,240.5 thousand units, showcasing a growth of 12.6% (2023-2030).
An optical sensor functions as a transducer to convert the light signal into the electronic format as required. They are classified based on kind, such as internal and external optical sensors. Internal sensors are mostly used to detect or measure bends and direction fluctuations, while external sensors gather and transmit the required quantity of light. Optical sensors are widely used in pulse oximeters to measure blood oxygen levels non-invasively. These sensors emit light through a patient's skin and detect the amount of light absorbed by oxygenated and deoxygenated hemoglobin. In medical imaging, optical sensors play a crucial role in endoscopic procedures.
These sensors enable high-resolution imaging inside the human body, helping physicians diagnose and treat various conditions. Optical sensors are employed in glucose meters for non-invasive monitoring of blood glucose levels. This application provides a less intrusive method for individuals with diabetes to manage their condition. Wearable devices like fitness trackers and smartwatches include optical sensors that monitor vital indications like heart rate and sleep patterns. This continuous monitoring aids in promoting a proactive approach to personal health.
According to the International Trade Administration (ITA), Saudi Arabia sold 35% and nearly 52% of the vehicles in 2020 in the Gulf Cooperation Council and the MENA region. In 2019 and 2020, Saudi Arabia sold 556,000 and 436,000 vehicles, respectively. The incorporation of night vision technology to improve visibility in low-light conditions in Saudi Arabia. Thus, due to these aspects, the optical sensors market will expand across the LAMEA region in upcoming years.
The Brazil market dominated the LAMEA Optical Sensors Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,048.2 million by 2030. The Argentina market is showcasing a CAGR of 11.6% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 10.7% during (2023 - 2030).
Free Valuable Insights: The Worldwide Optical Sensors Market is Projected to reach USD 46.8 Billion by 2030, at a CAGR of 9.4%
Based on Type, the market is segmented into Intrinsic Sensor, and Extrinsic Sensor. Based on Application, the market is segmented into Biometric, Pressure & Strain Sensing, Temperature Sensing, Geological Survey, and Others. Based on Sensor Type, the market is segmented into Optical Temperature Sensors, Photoelectric Sensor, Fiber Optic Sensor, Biomedical Sensors, Displacement & Position Sensors, and Others. Based on End-use, the market is segmented into Consumer Electronics, Healthcare, Energy & Utility, Manufacturing, Automotive & Transportation, Aerospace & Defense, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Type (Volume, Thousand Units, USD Billion, 2019-2030)
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
By Sensor Type (Volume, Thousand Units, USD Billion, 2019-2030)
By End-use (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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