Global IoT in Warehouse Market — Middle East and Africa by Industry
Global Ultrasonic NDT equipment Market [2017-2025] Rest of the World by Vertical
By Vertical, the market is segmented into Automotives, Power & utilities, Oil & gas, Aerospace & defence, Infrastructure, and Vertical_Others (2017-2025)
| Label | Automotives | Power & utilities | Oil & gas | Aerospace & defence | Infrastructure | Vertical_Others |
|---|---|---|---|---|---|---|
| 2017 | 24.34 USD Mn | 37.64 USD Mn | 47.36 USD Mn | 17.46 USD Mn | 16.61 USD Mn | 29.74 USD Mn |
| 2018 | 25.35 USD Mn | 39.25 USD Mn | 49.98 USD Mn | 17.77 USD Mn | 17.73 USD Mn | 30.79 USD Mn |
| 2019 | 26.47 USD Mn | 41.03 USD Mn | 52.89 USD Mn | 18.13 USD Mn | 18.98 USD Mn | 31.92 USD Mn |
| 2020 | 27.71 USD Mn | 43.00 USD Mn | 56.14 USD Mn | 18.55 USD Mn | 20.38 USD Mn | 33.12 USD Mn |
| 2021 | 29.08 USD Mn | 45.18 USD Mn | 59.78 USD Mn | 19.03 USD Mn | 21.95 USD Mn | 34.41 USD Mn |
| 2022 | 30.61 USD Mn | 47.61 USD Mn | 63.88 USD Mn | 19.58 USD Mn | 23.74 USD Mn | 35.80 USD Mn |
| 2023 | 32.32 USD Mn | 50.34 USD Mn | 68.53 USD Mn | 20.22 USD Mn | 25.79 USD Mn | 37.30 USD Mn |
| 2024 | 34.25 USD Mn | 53.42 USD Mn | 73.84 USD Mn | 20.95 USD Mn | 28.13 USD Mn | 38.94 USD Mn |
| 2025 | 36.43 USD Mn | 56.91 USD Mn | 79.96 USD Mn | 21.81 USD Mn | 30.86 USD Mn | 40.74 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
oil and gas segment accounted for the largest market share in 2018, this market is expected to reach USD 79.96 Million in 2025 from USD 49.98 Million in 2018. This market is projected to grow at a CAGR of 7.13% during the forecast period from 2019 - 2025. However, infrastructure segment is the fastest growing market, which is expected to grow at a CAGR of 8.44% during the forecast period 2019 - 2025.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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Global IoT in Warehouse Market — Rest of the World by Industry
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