Middle East & Africa Connected Cars Market to Anticipated to Expand at a CAGR of 31.5% During 2016-2024
According to Goldstein Research, Middle East & Africa connected cars market is expected to reach USD 8.6 billion by 2024 from USD 0.935 billion in 2016, growing at a CAGR of 31.5% over the forecast period 2016-2024. Growing digitization and adoption of advanced technologies like IoT is bolstering the growth of connected cars market. Moreover, Middle-East & Africa are the untapped market for connected cars providing vast opportunities for the connected cars market growth. Middle East & Africa connected cars market segmentation has been done on the basis of product type, communication type, application type, service type and geography. Implementation of driverless cars, powered by solar energy at Masdar city in Abu Dhabi is a significant example of penetration of connected cars and autonomous cars in the Middle-East region.
Middle East & Africa connected cars industry is largely dominated by Gulf countries like Saudi Arabia, U.A.E, Kuwait and Qatar. Even the regional landscape for connected cars has been very active in recent and few car brands have already launched smarter cars in the UAE. UAE dominates the Middle-East region in adoption of advanced technology and smart services.
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Market Segmentation
On the basis of our in-depth analysis, Middle East & Africa Connected cars Market can be segmented as follows:
By Product Type
o Software
o Hardware
By Communication Type
o Vehicle-to-Vehicle
o Vehicle-to-Infrastructure
o In-Vehicle
By Application Type
o Infotainment
o Navigation
o Safety and security
o Telematics
By Service Type
o OEMs Services
o Aftermarket Services
o Connected Services
o Other (Safety Services etc.)
By Region
o U.A.E {Market Size, Growth Analysis and Opportunity Analysis}
o Saudi Arabia {Market Size, Growth Analysis and Opportunity Analysis}
o Kuwait {Market Size, Growth Analysis and Opportunity Analysis}
o Qatar {Market Size, Growth Analysis and Opportunity Analysis}
o Turkey {Market Size, Growth Analysis and Opportunity Analysis}
o Egypt {Market Size, Growth Analysis and Opportunity Analysis}
o North Africa {Market Size, Growth Analysis and Opportunity Analysis}
o South Africa {Market Size, Growth Analysis and Opportunity Analysis}
o Rest of MEA {Market Size, Growth Analysis and Opportunity Analysis}
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Middle East & Africa connected cars industry analysis contains detailed overview of the Middle East & Africa connected cars market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, communication type, application type and service type.
Further, for the in-depth analysis, Middle East & Africa Connected cars Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as AT&T, Ford, Verizon, Audi, Harman, Telifonica, Nissan, Toyota, Apple, Google, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents the Middle East & Africa connected cars market size along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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