Middle East & Africa Connected Vehicle Market Forecast to 2030
Middle East & Africa Connected Vehicle Market Forecast to 2030 – Regional Analysis – By Technology (5G, 4G/LTE, and 3G & 2G), Connectivity (Integrated, Tethered, and Embedded), and Application (Telematics, Infotainment, Driving assistance, and Others)
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Description
Connected Car Data Monetization Fuels Middle East & Africa Connected Vehicle Market
Data monetization trends in the connected vehicle industry involve exploring innovative ways to leverage the vast amounts of data generated by connected vehicles for financial gain while also delivering value to vehicle owners and third-party stakeholders. One prominent trend is the usage-based insurance (UBI). Insurance companies increasingly use telematics data from connected vehicles to offer UBI policies. These policies calculate premiums based on real-time driving behavior, promoting safer driving habits and potentially lowering insurance costs for responsible drivers. This approach benefits consumers and allows insurers to assess risk better and set competitive pricing.
Data analytics and insights services are becoming integral to the connected vehicle ecosystem. Companies monetize vehicle data by providing automakers, city planners, and advertisers with actionable insights. This data can inform infrastructure improvements, traffic management strategies, and targeted advertising campaigns. For instance, in 2021, Honda Motor started a new company that sells data produced by smart vehicles.
Middle East & Africa Connected Vehicle Market Overview
In the Middle East & Africa, countries such as the UAE and Saudi Arabia are witnessing a growing interest in connected vehicles. Luxury car markets in the UAE are embracing connected features, including advanced infotainment systems and telematics services. These technologies cater to the affluent consumer base and align with the region’s focus on modernization and smart city initiatives. Saudi Arabia, the largest automotive market in the Middle East, is also showing increasing adoption of connected vehicle technologies. In Africa, the connected vehicle industry is in its nascent stages but holds significant potential. South Africa, with its well-developed automotive sector, is leading the way in integrating connectivity features into vehicles. As the continent’s most industrialized nation, it serves as a hub for automotive manufacturing and innovation. In contrast, many other African countries are just beginning to explore the possibilities of connected vehicles, primarily driven by the need for enhanced road safety and transportation efficiency.
Middle East & Africa Connected Vehicle Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Connected Vehicle Market Segmentation
The Middle East & Africa connected vehicle market is segmented based on technology, connectivity, application, and country. Based on technology, the Middle East & Africa connected vehicle market is categorized into 5G, 4G/LTE, and 3G & 2G. The 4G/LTE segment held the largest market share in 2022.
In terms of connectivity, the Middle East & Africa connected vehicle market is segmented into integrated, tethered, and embedded. The embedded segment held the largest market share in 2022.
By application the Middle East & Africa connected vehicle market is categorized into telematics, infotainment, driving assistance, and others. The infotainment segment held the largest market share in 2022.
Based on country, the Middle East & Africa connected vehicle market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa connected vehicle market share in 2022.
AT & T, Audi AG, Bayerische Motoren Werke AG, Continental AG, Denso, General Motors Co, Harman International Industries Inc, Robert Bosch GmbH, and Vodafone Group Plc are some of the leading companies operating in the Middle East & Africa connected vehicle market.
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According to the Research Team’ research, the Middle East & Africa connected vehicle market was valued at US$ 3,748.65 million in 2022 and is expected to reach US$ 16,112.98 million by 2030, registering a CAGR of 20.0% from 2022 to 2030. Growing demand for driving assistance system is the critical factor attributed to the Middle East & Africa connected vehicle market expansion.
The advancement of Advanced Driver Assistance Systems (ADAS) has positively impacted the connected vehicle market, reshaping the automotive landscape in several significant ways. ADAS is a powerful catalyst for the increased adoption of connected vehicle technology. These systems, comprising features such as adaptive cruise control, blind-spot monitoring, and automated parking assistance, have garnered immense attention for their potential to enhance road safety. As a result, consumers are valuing and actively seeking vehicles equipped with ADAS. This surge in demand is driving automakers to integrate more sophisticated connectivity features into their cars. For instance, as per the study done by the American Automobile Association, ~40% of US consumers expect at least one driver support system. As a result of such demand, the country has more than 60 million vehicles equipped with the ADAS system. Automakers are also investing significantly in building robust, high-speed communication networks within vehicles, a critical component for the seamless operation of ADAS. This investment in connectivity infrastructure is simultaneously driving advancements in the broader connected vehicle market. For instance, in 2018, BMW invested capital in Blackmore Sensors and Analytics, Inc., which manufactures frequency-modulated continuous wave (FMCW) lidar for the automotive industry. Blackmore used the investment to scale the production of its FMCW lidar sensor for advanced driver assistance systems (ADAS) and self-driving markets. In addition, in 2021, Volkswagen Group partnered with Microsoft to fast-track the development of automated driving.
On the contrary, data privacy and security concerns hurdles the growth of Middle East & Africa connected vehicle market.
Based on technology, the Middle East & Africa connected vehicle market is categorized into 5G, 4G/LTE, and 3G & 2G. The 4G/LTE segment held 78.7% market share in 2022, amassing US$ 2,950.52 million. It is projected to garner US$ 10,082.11 million by 2030 to expand at 16.6% CAGR during 2022-2030.
In terms of connectivity, the Middle East & Africa connected vehicle market is categorized into integrated, tethered, and embedded. The embedded segment held 38.3% share of Middle East & Africa connected vehicle market in 2022, amassing US$ 1,434.62 million. It is projected to garner US$ 5,623.34 million by 2030 to expand at 18.6% CAGR during 2022-2030.
By application, the Middle East & Africa connected vehicle market is categorized into telematics, infotainment, driving assistance, and others. The infotainment segment held 40.9% share of Middle East & Africa connected vehicle market in 2022, amassing US$ 1,533.31 million. It is projected to garner US$ 6,369.38 million by 2030 to expand at 19.5% CAGR during 2022-2030.
Based on country, the Middle East & Africa connected vehicle market has been categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 32.0% share of Middle East & Africa connected vehicle market in 2022. It was assessed at US$ 1,199.14 million in 2022 and is likely to hit US$ 5,010.22 million by 2030, exhibiting a CAGR of 19.6% during the 2022-2030 period.
Key players operating in the Middle East & Africa connected vehicle market are AT & T, Audi AG, Bayerische Motoren Werke AG, Continental AG, Denso, General Motors Co, Harman International Industries Inc, Robert Bosch GmbH, and Vodafone Group Plc, among others.
In August 2023, since 2022, G.M. has used a product called the OnStar Interactive Virtual Assistant (IVA), which is powered by Google’s Cloud conversation A.I. software, to provide OnStar users with personalized solutions to inquiries like routing and navigation assistance. Dialogflow, Google Cloud’s conversational A.I. platform, is currently managing over 1 million customer requests per month on OnStar in the United States and Canada.
In October 2022, Amazon Web Services and the BMW Group entered into a partnership to develop cloud software to distribute and manage data generated by connected vehicles. The software is intended to gather vehicle data from many sources in order to accelerate feature development and improve software life cycle management.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa connected vehicle market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa connected vehicle market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Connected Vehicle Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 Automakers and OEMs
4.2.2 Tier 1 Suppliers
4.2.3 Tier 2 and Tier 3 Suppliers
4.2.4 Telecommunications Providers
4.2.5 Technology Providers
4.2.6 Government Regulations and Standards Bodies
4.2.7 Data Providers
4.2.8 Logistics and Distribution
4.2.9 Service and Maintenance Providers
4.2.10 End Users
4.2.11 Aftermarket Providers
5. Middle East & Africa Connected Vehicle Market – Key Industry Dynamics
5.1 Connected Vehicle Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Growing demand for driving assistance system
5.2.2 Advancements in Connectivity Technology
5.3 Market Restraints
5.3.1 Data Privacy and Security Concerns
5.3.2 High Initial Costs and Affordability Concerns
5.4 Market Opportunities
5.4.1 Increasing smart city initiatives
5.4.2 Adoption of Autonomous vehicles
5.5 Future Trends
5.5.1 Connected Car Data Monetization
5.6 Impact of Drivers and Restraints:
6. Connected Vehicle Market – Middle East & Africa Market Analysis
6.1 Connected Vehicle Market Revenue (US$ Million), 2022 – 2030
6.2 Connected Vehicle Market Forecast and Analysis
7. Middle East & Africa Connected Vehicle Market Analysis – Technology
7.1 Connected Vehicle Market, By Technology (2022 and 2030)
7.2 5G
7.2.1 Overview
7.2.2 5G Market, Revenue and Forecast to 2030 (US$ Million)
7.3 4G
7.3.1 Overview
7.3.2 4G Market, Revenue and Forecast to 2030 (US$ Million)
7.4 3G & 2G
7.4.1 Overview
7.4.2 3G & 2G Market, Revenue and Forecast to 2030 (US$ Million)
8. Middle East & Africa Connected Vehicle Market Analysis – Connectivity
8.1 Connected Vehicle Market, By Connectivity (2022 and 2030)
8.2 Integrated
8.2.1 Overview
8.2.2 Integrated Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Tethered
8.3.1 Overview
8.3.2 Tethered Market, Revenue and Forecast to 2030 (US$ Million)
8.4 Embedded
8.4.1 Overview
8.4.2 Embedded Market, Revenue and Forecast to 2030 (US$ Million)
9. Middle East & Africa Connected Vehicle Market Analysis – Application
9.1 Connected Vehicle Market, By Application (2022 and 2030)
9.2 Telematics
9.2.1 Overview
9.2.2 Telematics Market, Revenue and Forecast to 2030 (US$ Million)
9.3 Infotainment
9.3.1 Overview
9.3.2 Infotainment Market, Revenue and Forecast to 2030 (US$ Million)
9.4 Driving assistance
9.4.1 Overview
9.4.2 Driving assistance Market, Revenue and Forecast to 2030 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
10. Connected Vehicle Market – Country Analysis
10.1 Middle East & Africa
10.1.1 Overview
10.1.2 Middle East & Africa Connected Vehicle Market Breakdown, by Country
10.1.2.1 South Africa Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.1.1 South Africa Connected Vehicle Market Breakdown by Technology
10.1.2.1.2 South Africa Connected Vehicle Market Breakdown by Connectivity
10.1.2.1.3 South Africa Connected Vehicle Market Breakdown by Application
10.1.2.2 Saudi Arabia Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 Saudi Arabia Connected Vehicle Market Breakdown by Technology
10.1.2.2.2 Saudi Arabia Connected Vehicle Market Breakdown by Connectivity
10.1.2.2.3 Saudi Arabia Connected Vehicle Market Breakdown by Application
10.1.2.3 UAE Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 UAE Connected Vehicle Market Breakdown by Technology
10.1.2.3.2 UAE Connected Vehicle Market Breakdown by Connectivity
10.1.2.3.3 UAE Connected Vehicle Market Breakdown by Application
10.1.2.4 Rest of Middle East & Africa Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.4.1 Rest of Middle East & Africa Connected Vehicle Market Breakdown by Technology
10.1.2.4.2 Rest of Middle East & Africa Connected Vehicle Market Breakdown by Connectivity
10.1.2.4.3 Rest of Middle East & Africa Connected Vehicle Market Breakdown by Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Harman International Industries Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Robert Bosch GmbH
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 AT&T Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Denso Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Continental AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Audi AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 General Motors Co
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Bayerische Motoren Werke AG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Vodafone Group Plc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 Key Developments
13. Appendix
13.1 About the Research Team
LIST OF TABLES
Table 1. Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Million)
Table 2. Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Million) – Technology
Table 3. Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Million) – Connectivity
Table 4. Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Million) – Application
Table 5. South Africa Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn) – Technology
Table 6. South Africa Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn) – Connectivity
Table 7. South Africa Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn) – Application
Table 8. Saudi Arabia Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn) – Technology
Table 9. Saudi Arabia Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn) – Connectivity
Table 10. Saudi Arabia Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn) – Application
Table 11. UAE Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn) – Technology
Table 12. UAE Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn) – Connectivity
Table 13. UAE Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn) – Application
Table 14. Rest of Middle East & Africa Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn) – Technology
Table 15. Rest of Middle East & Africa Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn) – Connectivity
Table 16. Rest of Middle East & Africa Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn) – Application
LIST OF FIGURES
Figure 1. Connected Vehicle Market Segmentation, By Country
Figure 2. Ecosystem: Connected Vehicle Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Connected Vehicle Market Revenue (US$ Million), 2022 – 2030
Figure 5. 5G Market Revenue and Forecasts to 2030 (US$ Million)
Figure 6. 4G Market Revenue and Forecasts to 2030 (US$ Million)
Figure 7. 3G & 2G Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Connected Vehicle Market Share (%) – Connectivity, 2022 and 2030
Figure 9. Integrated Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Tethered Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Embedded Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Connected Vehicle Market Share (%) – Application, 2022 and 2030
Figure 13. Telematics Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Infotainment Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Driving assistance Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Middle East & Africa Connected Vehicle Market Revenue, by Key Country, (2022) (US$ Million)
Figure 18. Connected Vehicle Market Breakdown by Key Country, 2022 and 2030 (%)
Figure 19. South Africa Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 20. Saudi Arabia Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 21. UAE Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 22. Rest of Middle East & Africa Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – Middle East & Africa Connected Vehicle Market
1. AT & T
2. Audi AG
3. Bayerische Motoren Werke AG
4. Continental AG
5. Denso
6. General Motors Co
7. Harman International Industries Inc
8. Robert Bosch GmbH
9. Vodafone Group Plc
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