Emphasis on Level of Autonomy (Level 1, 2 & 3, and Level 4 & 5); Vehicle Type (Passenger Cars, Commercial Vehicle); Country (Saudi Arabia, UAE, Turkey, Israel, Rest of the Middle East)
The Middle East Autonomous Vehicle Market was valued at USD 2,072.1 Million in 2023 and is expected to grow at a strong CAGR of around 12.3% during the forecast period (2024-2032). Autonomous vehicle technology is a growing market in the Middle East region as many of the companies are planning to offer their models with pertinent technologies. Additionally, the government investment in the region along with the rising focus on technological development the market expansion of the autonomous vehicle market in the Middle East region is anticipated. For instance, in 2023, the government of the UAE approved the first preliminary national license for self-driving cars. This preliminary license is granted to the Chinese company WeRide. The country has aimed to have 25% of its transportation to be shifted to fully autonomous operation by the year 2030.
In another instance, in 2023, the government of Qatar unveiled its five-year plan for self-driving vehicle regulation under its smart and environmentally, conscious transport system.
The Middle East Autonomous vehicle market has witnessed notable growth during the historical years. Autonomous vehicles refer to commercial as well as passenger vehicles that can drive autonomously with the help of built-in hardware and software. The hardware includes sensors, CPU, radars, etc., in order to collect vast amounts of data to assess the road conditions and traffic and steer the vehicle in a lane with a constant speed to reduce the efforts of the driver. These systems also provide assistance in braking where sudden braking is needed.
One of the key trends seen in the Middle East is the gradual advancement in terms of digitalization of transport and the further integration of AI in vehicles. As artificial intelligence technologies are becoming more capable of handling diverse road conditions the technological adoption of autonomous vehicles will further grow in the coming years.
Digitalization of Transport and AI Integration:
The impact of AI-driven technologies is helping overcome the challenges faced by autonomous vehicles while functioning in multifarious real-life settings. The transport system integration of AI in the Middle East improves the efficiency and safety of AVs and promotes the overall transportation structure.
Traffic and Transportation Management Improvement: Systems for traffic control based on artificial intelligence technology are installed to reduce traffic problems in busy cities. Using a system utilizing multiple sources of information including images from traffic cameras, sensors, and GPS, also any computer prediction about ‘steps’ in the following image B traffic signals optimization, prediction of congestion, and traffic flow corrections are possible in real-time. This in-car system can also be used when AV technology is implemented allowing for better coordination of traffic between AVs and human-driven vehicles.
Inter-Vehicle Communication (IVC)/ Vehicle-to-everything (V2X): In-Vehicle Communication (IVC) supports the movement/commute of autonomous vehicles within traffic conditions alongside other vehicles, road structures, and pedestrians, as well as traffic systems. Furthermore, this enhances the operability of autonomous vehicles enabling them to communicate with other vehicles within the environment such as roads, traffic signals, and obstacles.
Saudi Arabia has held a sizable share of the Middle East Autonomous Vehicle market. Some of the factors attributed to the growth are a higher focus of the government towards the adoption of policies and measures towards autonomous vehicles, additionally, public and private sector focus towards the infrastructure development and increasing the number of options available under the self-driving vehicles. Additionally, there have been many updates regarding the launch of various driverless cars in the country which would be crucial for the market expansion in the coming years. For instance, in 2024, the government of Saudi Arabia launched a driverless project under which the first driverless car for Saudi officials will be delivered by 2025. Additionally, the country has planned to shift at least 15% of the total vehicles to be autonomous by the year 2030.
The Middle East Autonomous Vehicle market is competitive and fragmented, with the presence of several country market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market include Renault SA, Bayerische Motoren Werke AG, Ford Motor Co., Mercedes-Benz Group AG, Hyundai Motor Co., General Motor Co., Volkswagen AG, Toyota, AB Volvo, and Stellantis Group.
Report Attribute | Details |
Base year | 2023 |
Forecast period | 2024-2032 |
Growth momentum | Accelerate at a CAGR of ~12.3% |
Market size 2023 | USD 2,072.1 Million |
Country analysis | Saudi Arabia, UAE, Turkey, Israel, and the Rest of Middle East |
Major contributing region | UAE is expected to grow at the highest CAGR during the forecasted period. |
Companies profiled | Renault SA, Bayerische Motoren Werke AG, Ford Motor Co., Mercedes-Benz Group AG, Hyundai Motor Co., General Motor Co., Volkswagen AG, Toyota, AB Volvo, and Stellantis Group. |
Report Scope | Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Demand and Supply Side Analysis; Competitive Landscape; Company Profiling |
Segments Covered | By Level of Autonomy; By Vehicle Type; By Countries |
The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
The report presents a quick review of overall industry performance at one glance.
The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
The study comprehensively covers the market across different segments.
Deep dive regional level analysis of the industry.
The Middle East Autonomous Vehicle market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
1. Market Introduction
2. Research Methodology or Assumption
3. Executive Summary
4. Market Dynamics
5. Pricing Analysis
6. Middle East Autonomous Vehicle Market Revenue (USD Mn), 2022-2032F
7. Market Insights By Level Of Autonomy
8. Market Insights By Vehicle Type
9. Market Insights By Country
10. Value Chain Analysis
11. Competitive Landscape
12. Company Profiled
13. Acronyms & Assumption
14. Annexure
Analyzing the historical market, estimating the current market, and forecasting the future market of the Middle East Autonomous Vehicle market were the three major steps undertaken to create and analyze the adoption of Middle East Autonomous Vehicles in major countries. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Middle East Autonomous Vehicle market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the Middle East Autonomous Vehicle market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Middle East Autonomous Vehicle market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as level of autonomy, vehicle type, and country. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Middle East Autonomous Vehicle market. Further, we conducted factor analysis using dependent and independent variables such as the level of autonomy, vehicle type of the Middle East Autonomous Vehicle market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Middle East Autonomous Vehicle market sector across the region
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Middle East Autonomous Vehicle market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to varied factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast 2032 for different segments and sub-segments across the major markets in the Middle East. The research methodology adopted to estimate the market size encompasses:
The industry’s market size, in terms of revenue (USD) and the adoption rate of the Middle East Autonomous Vehicle market across the major markets domestically
All percentage shares, splits, and breakdowns of market segments and sub-segments
Key players in the Middle East Autonomous Vehicle market regarding products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Middle East Autonomous Vehicle market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the level of autonomy, and vehicle type in the Middle East Autonomous Vehicle market.
The current & future market trends of the Middle East Autonomous Vehicle market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a state level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Analyze the current and forecast market size of the Middle East Autonomous Vehicle market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
Segments in the study include areas of level of autonomy, and vehicle type.
Define and analyze the regulatory framework for the Middle East Autonomous Vehicle
Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
Analyze the current and forecast market size of the Middle East Autonomous Vehicle market for the major region.
Major Countries in the Middle East studied in the report include Saudi Arabia, UAE, Turkey, Israel, and Rest of the Middle East
Company profile of the Middle East Autonomous Vehicle market and the growth strategies adopted by the market players to sustain in the fast-growing market.
Deep dive state-level analysis of the industry
Q1: What is the current market size and growth potential of the Middle East Autonomous Vehicle market?
The Middle East Autonomous Vehicle market was valued at USD 2,072.1 Million in 2023 and is expected to grow at a CAGR of ~12.3% during the forecast period (2024-2032).
Q2: What are the driving factors for the growth of the Middle East Autonomous Vehicle market?
Factors such as rising government support and demand for sustainable mobility solutions are driving the Middle East Autonomous Vehicle market.
Q3: Which segment has the largest share of the Middle East Autonomous Vehicle market by Level of Autonomy?
The Level 1,2 & 3 level of autonomy segment acquired a significant share of the Autonomous Vehicle market.
Q4: What are the emerging technologies and trends in the Middle East Autonomous Vehicle market?
The digitalization of transport and AI integration is the key trend in the Middle East Autonomous Vehicle market.
Q5: Which country will dominate the Middle East Autonomous Vehicle market?
Saudi Arabia is expected to dominate the market during the forecast period.
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