Middle East and Africa IoT in Automotive Market 2023 Current Trends and Future Outlook 2032

Introducing the Most Recent Research Report [2023-2032] on the Middle East and Africa IoT in Automotive Market: Size, Emerging Trends, Market Share, Remarkable Growth, Segmentation, Comprehensive Analysis, and Forward-Looking Projections for 2032. This report presents an in-depth examination of the critical drivers propelling global market sales. Within its 120 pages, the report delivers a comprehensive evaluation of the industry's current status, encompassing aspects such as market size, market share, anticipated trends, growth rate, distribution channels, and more.

The Middle East and Africa IoT in automotive market is projected to grow at a compound annual growth rate (CAGR) of 19.29% leading to a revenue of USD 2.71 Bn by 2023.

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Middle East and Africa region is expected to be a growing market for IoT in automotive as the adoption of IoT in the Middle East and Africa region is accelerating over the years. Public as well private organizations in the region are increasingly digitalizing their businesses to automate their operations and improve productivity. Such focused developments towards automation are expected to drive the adoption of IoT in automotive market in the Middle East and Africa.

The Middle Eastern countries are one of the largest importers of western cars and relevant technologies. Thus, they are highly interested in vehicles with new technologies. Also, gulf countries like Qatar, Saudi Arabia and the United Arab Emirates (UAE) which are leaders in smart cities, are expected to witness huge adoption of IoT technology for smart transportation. Deployment of advanced navigation systems, digital dashboards and premium infotainment systems are some of the major trends in the automotive market. They are expected to boost the demands for IoT enabled infotainment systems in the region.

The Middle East and Africa IoT in automotive market is classified into three primary segments:

- based on connectivity form: tethered, integrated, embedded
- based on communication type: vehicle to vehicle, in-vehicle, vehicle to infrastructure
and based on application: navigation, telematics, and infotainment

Telematics is expected to register the highest growth rate in the applications segment. Roads in African countries are very dangerous to drive and traffic accident is the biggest cause of death in countries like Kenya, Ethiopia, South Africa and Sudan. These conditions are expected to drive the adoption of IoT in telematics as it would help reduce accidents at a great level by vehicular monitoring through the use of tracking devices.

Key growth factors

The high disposable income of people of the gulf countries like Saudi Arabia, Qatar and the UAE is a significant driving factor behind the growth of automobile industry in the Middle East. These people have interest cars rich in features and equipped with infotainment systems and data connectivity systems. Countries in the Middle East are almost at par with the western world with respect to in-car connectivity. The UAE-Dubai are the most significant regions with opportunity for the adoption of IoT. Additionally, global automotive players are focusing on the Middle East and Africa region to reap the profits of a growing, unsaturated market. Recently, Etisalat and Nissan partnered to deploy connected cars in the region.

Threats and key players

Political unrest in different regions of the Middle East and Africa hinders market development due to low penetrability in these regions. Countries such as Ghana, Congo, and Egypt, etc. pose political risks to MNCs trying to venture into a greenfield, joint venture or brownfield investment in the automotive industry, hindering the overall growth of the market.

Major players in the Middle East and Africa IoT in automotive market are Cisco, Ford, IBM, Microsoft, AT&T, etc.

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What's covered in the report?

1. Overview of the Middle East and Africa IoT in automotive market.
2. Market drivers and challenges in the Middle East and Africa IoT in automotive market.
3. Market trends in the Middle East and Africa IoT in automotive market.
4. Historical, current and forecasted market size data for the Middle East and Africa IoT in automotive market segmentation by connectivity form (tethered, integrated, embedded) by revenue (USD Bn).
5. Historical, current and forecasted market size data for the Middle East and Africa IoT in automotive market segmentation by communication type (vehicle-to-vehicle, in-vehicle, vehicle-to-infrastructure) by revenue (USD Bn).
6. Historical, current and forecasted market size data for the Middle East and Africa IoT in automotive market segmentation by application (navigation, telematics, infotainment) - by revenue (USD Bn).
7. Historical, current and forecasted country-wise (UAE and Saudi Arabia) market size data (USD Bn) for the Middle East and Africa IoT in automotive market and its segmentations by connectivity form (tethered, integrated, embedded), by communication type (vehicle to vehicle, in-vehicle, vehicle to infrastructure), and by application (navigation, telematics, infotainment).
8. Analysis of the competitive landscape and profiles of major companies operating in the market.

Why buy?

o Understand the demand for IoT in automotive market to determine the viability of the market.
o Determine the developed and emerging markets where IoT for automotive market is provided.
o Identify the challenge areas and address them.
o Develop strategies based on the drivers, trends and highlights for each of the segments.
o Evaluate the value chain to determine the workflow and to get an idea of the current position where you are placed.
o Recognize the key competitors of this market and respond accordingly.
o Knowledge of the initiatives and growth strategies taken up by the major companies and decide on the direction for further growth.
o Define the competitive positioning by comparing the products and services with the key players in the market.

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

North America (U.S. & Canada)

Latin America (Brazil, Mexico, Argentina, Rest of Latin America)

Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe)

Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific)

Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa)

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The following are significant aspects of the industry that may be relevant:

Market Size and Growth: The size of the market and its projected growth rate are essential factors that can provide valuable insights into the industry's potential.

Competition: The level of competition in the market is a significant factor that can impact the pricing and profitability of companies operating in the industry.

Technology: Technology plays a critical role in the industry as search algorithms and consumer behavior continue to evolve rapidly.

Consumer Behavior: Understanding consumer behavior, such as search habits and preferences, can help companies optimize their marketing strategies and drive sales.

Regulatory Environment: The industry is subject to various regulatory requirements, including data protection and privacy laws, which can impact the way companies operate in the market.

Economic Factors: Economic factors, such as GDP, inflation, and consumer spending, can affect the growth and profitability of the industry.

Emerging Trends: Staying updated with emerging trends, such as voice search and artificial intelligence, can help companies stay ahead of the curve in the industry.

Reasons to Buy This Report

(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.

(B) The report offers comprehensive analysis of Middle East and Africa IoT in Automotive market revenues on a global, regional, and country level, projecting trends until 2030. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.

(C) The research includes segmentation of the Middle East and Africa IoT in Automotive market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.

(D) Analysis of the Middle East and Africa IoT in Automotive market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.

(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.

(F) The study helps evaluate Middle East and Africa IoT in Automotive business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.

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This release was published on openPR.