The Latin America, Middle East and Africa Natural Disaster Detection IoT Market would witness market growth of 42.1% CAGR during the forecast period (2022-2028).
IoT satellite technologies can give emergency responders the most recent location data after the accident, even if the power is down. Electricity companies can employ remote sensing tools to gather information about where to quickly dispatch repair crews. They can also forecast where to pre-stage maintenance personnel if severe weather approaches.
Many intersecting and linked events that cause harm to the economy, society, and health nearly often accompany outages, particularly those caused by weather. The capacity for catastrophe preparedness and recovery is being revolutionized by satellite IoT technology. Many nations are putting preparation first as they continue to experience the repercussions of climate change. The advantages of investing in and implementing new IoT technology over the long term are immeasurable.
Latin America is second in the world for disaster occurrence, with 152 million individuals affected by approximately 1,205 disasters (2000-2019). There have been roughly 500 floods, making them the most common disaster in the region. The top 15 countries in the world for the proportion of the population in danger from river flooding include Brazil. Since 2000, the region has been hit by a total of 12 separate floods, which have combined to produce damages of over one billion dollars. The country has also experienced around 300 storms, 23 of which were Category 5, in addition to flooding. Almost 15 hurricanes strike this region annually on average. Thus, the region will undoubtedly support the expansion of the natural disaster detection IoT market in the coming years.
The Brazil market dominated the LAMEA Natural Disaster Detection IoT Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $52.7 million by 2028. The Argentina market is experiencing a CAGR of 42.9% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 41.7% during (2022 - 2028).
Based on Component, the market is segmented into Solutions, Hardware and Services. Based on Solutions Type, the market is segmented into Early Warning System & Floating Sensor Network, Lightning Detector System & Acoustic Real-Time Monitoring System and Beacons & Others. Based on Application, the market is segmented into Flood Detection, Wildfire Detection, Weather Monitoring, Earthquake Detection, Landslide Detection and Others. Based on Communication System, the market is segmented into Satellite-Assisted Equipment, First Responder Tools, Vehicle-Ready Gateways and Emergency Response Radars. Based on End User, the market is segmented into Government Organizations, Law Enforcement Agencies, Private Companies and Rescue Personnel. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Natural Disaster Detection IoT Market is Projected to reach USD 2.6 Billion by 2028, at a CAGR of 35.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, NEC Corporation, BlackBerry Limited, Semtech Corporation, OnSolve LLC, One Concern, Inc., OgoXe, Sadeem Technology and Earth Networks, Inc. (Advanced Environmental Monitoring LLC).
By Component
By Application
By Communication System
By End User
By Country
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