LAMEA Battery-free Sensors Market By Frequency (Ultra High Frequency, High Frequency and Low Frequency), By Sensor Type (Temperature Sensor, Motion & Position Sensors, Pressure & Humidity/Moisture Sensors, Light Sensors and Others), By Industry Vertical (Automotive, Logistics, Food & Beverages, Healthcare, Oil & Gas, Telecom & IT, and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Battery-free Sensors Market would witness market growth of 31.8% CAGR during the forecast period (2021-2027).
The untapped potential of this region is attracting many companies to this region. In addition, the emerging economy of the region is motivating companies to adopt the latest technologies to support the growth of the economy, which would create lucrative opportunities for the key market players. Additionally, the wide availability of raw materials and supportive government policies are surging the demand for battery-free sensors in the region.
Furthermore, there is an increasing demand for various consumer electronics, which utilizes components like battery-free sensors. Governments across this region are taking numerous initiatives to attract more companies to enter the region and fuel economic growth. All these reasons would accelerate the growth of the battery-free sensors market in the coming years.
The growing consumer awareness about security and efficiency is estimated to propel the growth of the battery-free RFID sensors market. However, the price fluctuation of raw materials and increasing price-based competition are among the key aspects that would hinder the growth of the battery-free sensor market during the forecast period.
Moreover, the increasing demand for better monitoring of food & beverage products is creating demand for battery-free RFID sensors, which helps in doing surveys and monitoring. This would further propel the growth of the market. In addition, the growing demand for monitoring logistics operation is also estimated to spur the growth of the battery-free sensors market.
The Ultra High Frequency market dominated the South Africa Battery-free Sensors Market by Frequency 2020, thereby, achieving a market value of $615.7 Thousands by 2027. The High Frequency market is expected to witness a CAGR of 32.9% during (2021 - 2027).
Based on Frequency, the market is segmented into Ultra High Frequency, High Frequency and Low Frequency. Based on Sensor Type, the market is segmented into Temperature Sensor, Motion & Position Sensors, Pressure & Humidity/Moisture Sensors, Light Sensors and Others. Based on Industry Vertical, the market is segmented into Automotive, Logistics, Food & Beverages, Healthcare, Oil & Gas, Telecom & IT, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include On Semiconductor Corporation, Farsens, Axzon (RFMicron, Inc.), Inductosense Ltd., Phase IV Engineering, Powercast Corp., Distech Controls (Acuity Brands Lighting, Inc.), Enocean GmbH (Rutronik), DCO Systems Ltd. and Everactive.
Scope of the Study
Market Segments Covered in the Report:
- Ultra High Frequency
- High Frequency
- Low Frequency
By Sensor Type
- Temperature Sensor
- Motion & Position Sensors
- Pressure & Humidity/Moisture Sensors
- Light Sensors
By Industry Vertical
- Food & Beverages
- Oil & Gas
- Telecom & IT
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- On Semiconductor Corporation
- Axzon (RFMicron, Inc.)
- Inductosense Ltd.
- Phase IV Engineering
- Powercast Corp.
- Distech Controls (Acuity Brands Lighting, Inc.)
- Enocean GmbH (Rutronik)
- DCO Systems Ltd.
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