Middle East And North Africa Connected Car Market Size By Network (DSRC, Cellular), By Connectivity Solutions (Integrated, Embedded), By Service (Mobility, Vehicle Management), By Geographic Scope And Forecast
Report ID: 418278|No. of Pages: 202
Middle East And North Africa Connected Car Market Size By Network (DSRC, Cellular), By Connectivity Solutions (Integrated, Embedded), By Service (Mobility, Vehicle Management), By Geographic Scope And Forecast
Middle East And North Africa Connected Car Market Size And Forecast
Middle East And North Africa Connected Car Market size was valued at USD 18433.73 Million in 2023 and is projected to reach USD 80916.57 Million by 2031, growing at a CAGR of 20.36% from 2024 to 2031.
Increase in user demand for advanced features, enhanced comfort, safety and user friendliness in cars are the factors driving market growth. The Middle East And North Africa Connected Car Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Middle East And North Africa Connected Car Market Definition
A connected car is defined as any car that can connect to the internet. Typically, these automobiles link to the internet via WLAN (Wireless Local Area Network). Connected cars may share the internet with gadgets both inside and outside the car, as well as data with any external device or service. The connected cars may always connect to the internet to conduct activities and download data when the user requests it. A connected car is the presence of gadgets in an automobile that connect to other devices within the car or vehicles as well as devices, networks, and services outside the car, such as other automobiles, homes, offices, or infrastructure. Internet access is often connected to a local area network. Many experts believe that connected cars are part of the vast Internet of Things (IOT). A connected car comes with a slew of smart and useful functions. The features of connected car technology improve the whole driving and ownership experience while also providing a safety net through sophisticated security systems.
A connected car is a vehicle that has internet access and a variety of sensors, allowing it to communicate with the outside world, other automobiles, infrastructure, and cloud services. This connectivity is enabled by embedded technology such as cellular modems, Wi-Fi, and dedicated short-range communication (DSRC) systems. Connected cars have access to real-time traffic information, navigation services, and weather updates, which improves the driving experience and road safety. These cars frequently include powerful infotainment systems that allow for music streaming, hands-free phone calls, and access to numerous apps, similar to the capabilities of a smartphone.
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Middle East And North Africa Connected Car Market Overview
Connected cars, also known as smart cars, are equipped with internet connectivity and integrated with advanced technologies that enable them to communicate with other devices, networks, and infrastructure. These vehicles can exchange data with external sources, such as traffic signals, navigation systems, and mobile applications, to provide real-time information and services to drivers and passengers. The Middle East and North Africa (MENA) connected car market is witnessing robust growth, driven by advancements in automotive technology, rising consumer demand for enhanced driving experiences, and supportive government initiatives.
The growing demand for advanced driver assistance systems (ADAS) and improved safety features is one of the main motivators. With an increase in road accidents and fatalities in the region, there is a greater emphasis on introducing technology that can assist avoid accidents and reduce dangers on the road. Connected cars have technologies like automated emergency braking, lane departure warning, and adaptive cruise control, all of which help to improve road safety. The rising adoption of high-speed internet and the construction of 4G and 5G networks are two major drivers of the connected car industry in MENA. These advancements in communication infrastructure are critical for the functionality of connected cars, which rely on constant and high-speed data exchange. Countries like the United Arab Emirates (UAE) and Saudi Arabia are at the forefront, with significant investments in 5G technology to support smart transportation systems.
The integration of telematics and IoT (Internet of Things) in cars is revolutionizing the MENA connected car market. Telematics systems, which include vehicle tracking, diagnostics, and driver behavior analysis, are becoming standard features in many new cars. This not only enhances the safety and security of vehicles but also provides valuable data for improving vehicle performance and maintenance. Autonomous driving technology is also gaining traction in the region. While fully autonomous cars are still in the developmental stage, semi-autonomous features such as adaptive cruise control, lane-keeping assistance, and automated parking are increasingly being adopted. These technologies are being facilitated by advancements in sensor technology, machine learning, and V2X communication, which allow vehicles to interact with each other and with infrastructure.
Middle East And North Africa Connected Car Market: Segmentation Analysis
The Middle East And North Africa Connected Car Market is segmented into Network, Connectivity Solutions, Service, and Geography.
Middle East And North Africa Connected Car Market, By Network
- DSRC
- Cellular
- Satellite
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Based on Network, The market is segmented into DSRC, Cellular, and Satellite. DSRC accounted for the largest market share of 61.95% in 2023, with a market value of USD 11,419.32 million; it is projected to grow at a CAGR of 20.01% during the forecast period. Cellular was the second-largest market in 2023, valued at USD 4,919.25 million; it is projected to grow at a CAGR of 20.52%. However, satellites are projected to grow at the highest CAGR of 21.78%.
Middle East And North Africa Connected Car Market, By Connectivity Solutions
- Integrated
- Embedded
- Tethered
Based on Connectivity Solutions, The market is segmented into Integrated, Embedded, and Tethered. Integrated accounted for the largest market share of 52.01% in 2023, with a market value of USD 9,586.61 Million and is projected to grow at a CAGR of 19.98% during the forecast period. Embedded was the second-largest market in 2023, valued at USD 5,977.53 Million in 2023, it is projected to grow at the highest CAGR of 20.89%.
Middle East And North Africa Connected Car Market, By Service
- Mobility
- Vehicle Management
- Entertainment
- Safety
- Driver Assistance
- Well-Being
- Others
Based on Service, The market is segmented into Mobility, Vehicle Management, Entertainment, Safety, Driver Assistance, well-being, and Others. Driver Assistance accounted for the largest market share of 43.09% in 2023, with a market value of USD 7,943.19 Million and is projected to grow at the highest CAGR of 20.63% during the forecast period. Safety was the second-largest market in 2023, valued at USD 5,361.97 Million in 2023; it is projected to grow at a CAGR of 20.46%.
Middle East And North Africa Connected Car Market, By Geography
- Gcc
- Iraq
- Egypt
- Rest of Middle East And North Africa
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Based on Geography, The Middle East And North Africa Connected Car Market is segmented into Gcc, Iraq, Egypt, and Rest of Middle East and North Africa. GCC Countries accounted for the largest market share of 60.64% in 2023, with a market value of USD 11,178.83 Million and is projected to grow at the highest CAGR of 20.54% during the forecast period. Egypt was the second-largest market in 2023, valued at USD 1,765.46 Million in 2023, it is projected to grow at a CAGR of 19.33%.
Key Players
The “Middle East And North Africa Connected Car Market” is highly fragmented with the presence of a huge number of players in the market. Some of the major companies include TOYOTA MOTOR CORPORATION, Hyundai Motor Company, Kia Corporation, Nissan Motor Co., Ltd., Mazda Motor Corporation, Changan Automobile Company Limited, Zhejiang Geely Holding Group, GWM HAVAL, BYD Company Ltd, MG MOTOR, Jetour, Great Wall Motor, Guangzhou Automobile Group Co., Ltd., Anhui Jianghuai Automobile Group Co., Ltd., SAIC Motor Corporation Limited, BAIC, and Hongqi.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, benchmarking and SWOT analysis.
Key Developments
- In January 2024, Hyundai Motor Company and Kia Corporation have collaborated with smartphone manufacturer Samsung Electronics to create linked car technology that would offer both Car-to-Home and Home-to-Car capabilities.
- In April 2023, Jetour is strategically expanding its international development and market presence by developing more than a dozen new models set to hit the market within the next two years. These models include six to seven urban SUVs, three to four off-road vehicles, and two pickups, showcasing Jetour Auto’s commitment to innovation and diversity in its product lineup.
- In January 2024, Cerence Inc., an AI company, has announced that Great Wall Motor Company (GWM) has chosen Cerence to power its in-car experience as it grows. GWM will roll out this innovative, Cerence-powered user experience in 13 languages across 20 countries in key automobile models such as the GWM TANK300, GWM TANK500, ORA 07, and POER, providing drivers with intuitive, natural interaction worldwide.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2031 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Million) |
| KEY COMPANIES PROFILED | TOYOTA MOTOR CORPORATION, Hyundai Motor Company, Kia Corporation, Nissan Motor Co., Ltd., Mazda Motor Corporation, Changan Automobile Company Limited, Zhejiang Geely Holding Group. |
| SEGMENTS COVERED | By Network, By Connectivity Solutions, By Service, and By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
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Frequently Asked Questions
1 INTRODUCTION
1.1 MARKET DEFINITION
1.2 MARKET SEGMENTATION
1.3 RESEARCH TIMELINES
1.4 ASSUMPTIONS
1.5 LIMITATIONS
2 RESEARCH METHODOLOGY
2.1 DATA MINING
2.1.1 SECONDARY RESEARCH
2.1.2 PRIMARY RESEARCH
2.1.3 SUBJECT MATTER EXPERT ADVICE
2.1.4 QUALITY CHECK
2.1.5 FINAL REVIEW
2.2 DATA TRIANGULATION
2.3 BOTTOM-UP APPROACH
2.4 TOP-DOWN APPROACH
2.5 RESEARCH FLOW
2.6 DATA SOURCES
3 EXECUTIVE SUMMARY
3.1 MIDDLE EAST AND NORTH AFRICA CONNECTED CAR MARKET OVERVIEW
3.2 MIDDLE EAST AND NORTH AFRICA CONNECTED CAR MARKET ESTIMATES AND FORECAST (USD MILLION), 2022-2031
3.3 MIDDLE EAST AND NORTH AFRICA CONNECTED CAR MARKET ECOLOGY MAPPING
3.4 MIDDLE EAST AND NORTH AFRICA CONNECTED CAR MARKET ABSOLUTE MARKET OPPORTUNITY
3.5 MIDDLE EAST AND NORTH AFRICA CONNECTED CAR MARKET ATTRACTIVENESS ANALYSIS, BY REGION
3.6 MIDDLE EAST AND NORTH AFRICA CONNECTED CAR MARKET, BY NETWORK (USD MILLION)
3.7 MIDDLE EAST AND NORTH AFRICA CONNECTED CAR MARKET, BY CONNECTIVITY SOLUTIONS (USD MILLION)
3.8 MIDDLE EAST AND NORTH AFRICA CONNECTED CAR MARKET, BY SERVICE (USD MILLION)
3.9 FUTURE MARKET OPPORTUNITIES
3.10 PRODUCT LIFELINE
4 MARKET OUTLOOK
4.1 MIDDLE EAST AND NORTH AFRICA CONNECTED CAR MARKET EVOLUTION
4.2 MIDDLE EAST AND NORTH AFRICA CONNECTED CAR MARKET OUTLOOK
4.3 MARKET DRIVERS
4.3.1 INCREASE IN USER DEMAND FOR ADVANCED FEATURES, ENHANCED COMFORT, SAFETY AND USER FRIENDLINESS IN CARS
4.3.2 SURGING ADOPTION OF ELECTRONIC VEHICLES EMBEDDED WITH INCREASING VEHICLE TO VEHICLE COMMUNICATION AND OTHER ADVANCED TECHNOLOGIES
4.4 MARKET RESTRAINTS
4.4.1 PERSISTENT CYBER ATTACKS AND DATA BREACH AND RISING INTERNET CONNECTIVITY PROBLEMS
4.4.2 INCREASING VEHICLE THEFT, LACK OF “DESIGNED-IN” SECURITY AND COUNTERFEITING OF PRODUCTS
4.5 MARKET TRENDS
4.5.1 INTEGRATION OF 5G TECHNOLOGY
4.5.2 RISE OF DATA-DRIVEN SERVICES
4.6 MARKET OPPORTUNITY
4.6.1 INCREASING INTEGRATION AND DEVELOPMENT OF NEW TECHNOLOGICAL ADVANCEMENTS IN CONNECTED CARS
4.6.2 RISING OPPORTUNITIES AND INTEGRATION REGARDING SELF-DRIVING OR DRIVERLESS CONNECTED CARS
4.7 PORTER’S FIVE FORCES ANALYSIS
4.7.1 THREAT OF NEW ENTRANTS
4.7.2 THREAT OF SUBSTITUTE PRODUCTS OR SERVICES
4.7.3 BARGAINING POWER OF SUPPLIERS
4.7.4 BARGAINING POWER OF BUYERS
4.7.5 INTENSITY OF COMPETITIVE RIVALRY
4.8 VALUE CHAIN ANALYSIS
4.9 PRICING ANALYSIS
4.10 CONNECTED CARS FEATURES ANALYSIS INCLUDING HARDWARE AND SOFTWARE AND THEIR EVOLUTIONS
4.11 NUMBERS OF CARS SOLD IN MENA BY COUNTRIES (2022 AND 2023)
4.12 LIST OF TOP CAR MAKERS ALONG WITH OVERALL CAR SALES AND MARKET SHARE BY COUNTRIES FOR 2023
5 MARKET, BY NETWORK
5.1 OVERVIEW
5.2 MIDDLE EAST AND NORTH AFRICA CONNECTED CAR MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY NETWORK
5.2 DSRC
5.3 CELLULAR
5.4 SATELLITE
6 MARKET, BY CONNECTIVITY SOLUTIONS
6.1 OVERVIEW
6.2 MIDDLE EAST AND NORTH AFRICA CONNECTED CAR MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY CONNECTIVITY SOLUTIONS
6.3 INTEGRATED
6.4 EMBEDDED
6.5 TETHERED
7 MARKET, BY SERVICE
7.1 OVERVIEW
7.2 MIDDLE EAST AND NORTH AFRICA CONNECTED CAR MARKET: BASIS POINT SHARE (BPS) ANALYSIS, BY SERVICE
7.3 MOBILITY
7.4 VEHICLE MANAGEMENT
7.5 ENTERTAINMENT
7.6 SAFETY
7.7 DRIVER ASSISTANCE
7.8 WELL BEING
7.9 OTHERS
8 MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 GCC
8.2.1 GCC MARKET SNAPSHOT
8.2.2 SAUDI ARABIA
8.2.3 KUWAIT
8.2.4 UAE
8.2.5 BAHRAIN
8.2.6 QATAR
8.2.7 OMAN
8.3 IRAQ
8.4 EGYPT
8.5 REST OF MIDDLE EAST AND NORTH AFRICA
9 COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING ANALYSIS
9.3 COMPANY REGIONAL FOOTPRINT
9.4 COMPANY INDUSTRY FOOTPRINT
9.5 ACE MATRIX
9.5.1 ACTIVE
9.5.2 CUTTING EDGE
9.5.3 EMERGING
9.5.4 INNOVATORS
10 COMPANY PROFILES
10.1 TOYOTA MOTOR CORPORATION
10.1.1 COMPANY OVERVIEW
10.1.2 COMPANY INSIGHTS
10.1.3 SEGMENT BREAKDOWN
10.1.4 PRODUCT BENCHMARKING
10.1.5 SWOT ANALYSIS
10.1.6 WINNING IMPERATIVES
10.1.7 CURRENT FOCUS & STRATEGIES
10.1.8 THREAT FROM COMPETITION
10.2 HYUNDAI MOTOR COMPANY
10.2.1 COMPANY OVERVIEW
10.2.2 COMPANY INSIGHTS
10.2.3 SEGMENT BREAKDOWN
10.2.4 PRODUCT BENCHMARKING
10.2.5 SWOT ANALYSIS
10.2.6 WINNING IMPERATIVES
10.2.7 CURRENT FOCUS & STRATEGIES
10.2.8 THREAT FROM COMPETITION
10.3 KIA CORPORATION
10.3.1 COMPANY OVERVIEW
10.3.2 COMPANY INSIGHTS
10.3.3 SEGMENT BREAKDOWN
10.3.4 PRODUCT BENCHMARKING
10.3.5 SWOT ANALYSIS
10.3.6 WINNING IMPERATIVES
10.3.7 CURRENT FOCUS & STRATEGIES
10.3.8 THREAT FROM COMPETITION
10.4 NISSAN MOTOR CO., LTD.
10.4.1 COMPANY OVERVIEW
10.4.2 COMPANY INSIGHTS
10.4.3 SEGMENT BREAKDOWN
10.4.4 PRODUCT BENCHMARKING
10.4.5 SWOT ANALYSIS
10.4.6 WINNING IMPERATIVES
10.4.7 CURRENT FOCUS & STRATEGIES
10.4.8 THREAT FROM COMPETITION
10.5 MAZDA MOTOR CORPORATION
10.5.1 COMPANY OVERVIEW
10.5.2 COMPANY INSIGHTS
10.5.3 SEGMENT BREAKDOWN
10.5.4 PRODUCT BENCHMARKING
10.5.5 SWOT ANALYSIS
10.5.6 WINNING IMPERATIVES
10.5.7 CURRENT FOCUS & STRATEGIES
10.5.8 THREAT FROM COMPETITION
10.6 CHANGAN AUTOMOBILE COMPANY LIMITED
10.6.1 COMPANY OVERVIEW
10.6.2 COMPANY INSIGHTS
10.6.3 SEGMENT BREAKDOWN
10.6.4 PRODUCT BENCHMARKING
10.6.5 SWOT ANALYSIS
10.6.6 WINNING IMPERATIVES
10.6.7 CURRENT FOCUS & STRATEGIES
10.6.8 THREAT FROM COMPETITION
10.7 ZHEJIANG GEELY HOLDING GROUP
10.7.1 COMPANY OVERVIEW
10.7.2 COMPANY INSIGHTS
10.7.3 SEGMENT BREAKDOWN
10.7.4 PRODUCT BENCHMARKING
10.7.5 SWOT ANALYSIS
10.7.6 WINNING IMPERATIVES
10.7.7 CURRENT FOCUS & STRATEGIES
10.7.8 THREAT FROM COMPETITION
10.8 GWM HAVAL
10.8.1 COMPANY OVERVIEW
10.8.2 COMPANY INSIGHTS
10.8.3 SEGMENT BREAKDOWN
10.8.4 PRODUCT BENCHMARKING
10.8.5 SWOT ANALYSIS
10.8.6 WINNING IMPERATIVES
10.8.7 CURRENT FOCUS & STRATEGIES
10.8.8 THREAT FROM COMPETITION
10.9 BYD COMPANY LTD
10.9.1 COMPANY OVERVIEW
10.9.2 COMPANY INSIGHTS
10.9.3 SEGMENT BREAKDOWN
10.9.4 PRODUCT BENCHMARKING
10.9.5 SWOT ANALYSIS
10.9.6 WINNING IMPERATIVES
10.9.7 CURRENT FOCUS & STRATEGIES
10.9.8 THREAT FROM COMPETITION
10.10 MG MOTOR
10.10.1 COMPANY OVERVIEW
10.10.2 COMPANY INSIGHTS
10.10.3 SEGMENT BREAKDOWN
10.10.4 PRODUCT BENCHMARKING
10.10.5 SWOT ANALYSIS
10.10.6 WINNING IMPERATIVES
10.10.7 CURRENT FOCUS & STRATEGIES
10.10.8 THREAT FROM COMPETITION
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
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Industry Analysis Matrix
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