The Latin America, Middle East and Africa Environmental Sensor Market would witness market growth of 10.6% CAGR during the forecast period (2021-2027).
Environmental sensors are predicted to expand its popularity in the future due to factors such as increased usage in the industrial and manufacturing sectors, strict government pollution control legislation, and growing preference for environmental sensors in the farming sector. However, market development is hampered by a lack of knowledge and a short lifetime. Furthermore, factors such as the expanding smart home initiative and continuous technical improvements in IoT and cloud-based services are projected to drive market.
The region is home to some of the largest forests in the world. In addition, authorities have been successful in saving certain rare species by placing motion-sensing cameras throughout woods. The presence of illicit hunters and poachers in protected regions is detected and displayed by the sensors in these cameras. In addition, sound sensors have been installed in woods to identify the noises of humans, firearms, cars, and traps so that poaching may be stopped in real time. Furthermore, many park authorities collect real-time information about the location, health, and stress levels of endangered species by attaching IoT-enabled sensors to these creatures.
The Brazil market dominated the LAMEA Environmental Sensor Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $37.8 Million by 2027. The Argentina market is estimated to witness a CAGR of 11.2% during (2021 - 2027). Additionally, The UAE market would showcase a CAGR of 10.3% during (2021 - 2027).
Based on Type, the market is segmented into Temperature, Gas, Humidity, Pressure, and Others. Based on End User, the market is segmented into Commercial, Residential, Government & Public Utilities, Automotive, Industrial, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Environmental Sensor Market is Predict to reach $2.3 Billion by 2027, at a CAGR of 8.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH (Bosch Sensortec GmbH), ABB Group, Texas Instruments, Inc., AMS AG, Honeywell International, Inc., Omron Corporation, Schneider Electric SE, STMicroelectronics N.V., Amphenol Corporation, and Sensirion AG.
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