Middle East Self Driving Vehicles Market Expanding at a CAGR of 55% over the Forecast Period (2016-2024)
According to Goldstein Research, Middle East self driving vehicles market is expected to grow at a CAGR of more than 55% during the forecast period 2016-2024. Sales of autonomous vehicles in Middle East region is estimated to reach 1 million by 2035. To achieve these forecast figures, company Tesla in January, 2017 underwent testing of autonomous taxi on Dubai’s road. Moreover the issue of road safety and increasing number of road accident cases is further impeding the deployment of self driving vehicles in Middle East region. Middle East self driving vehicles market segmentation has been carried out on the basis of technology, vehicle type, components and geography. The autonomous vehicles industry estimates that the autonomous trucking technology can achieve huge success in Middle East region and create enormous social and economic value. Middle East self driving vehicles market is anticipated to be driven by Abu Dhabi and Saudi Arabia owing to the government’s favorable policies ...