Middle East & Africa Connected Vehicle Market Forecast to 2030 - Regional Analysis - By Technology (5G, 4G/LTE, and 3G & 2G), Connectivity (Integrated, Tethered, and Embedded), and Application (Telematics, Infotainment, Driving assistance, and Others)

Description

List of Tables

The Middle East & Africa connected vehicle market was valued at US$ 3,748.65 million in 2022 and is expected to reach US$ 16,112.98 million by 2030; it is estimated to record a CAGR of 20.0% from 2022 to 2030.

Connected Car Data Monetization Fuels Middle East & Africa Connected Vehicle Market

Data monetization trends in the connected vehicle industry involve exploring innovative ways to leverage the vast amounts of data generated by connected vehicles for financial gain while also delivering value to vehicle owners and third-party stakeholders. One prominent trend is the usage-based insurance (UBI). Insurance companies increasingly use telematics data from connected vehicles to offer UBI policies. These policies calculate premiums based on real-time driving behavior, promoting safer driving habits and potentially lowering insurance costs for responsible drivers. This approach benefits consumers and allows insurers to assess risk better and set competitive pricing.

Data analytics and insights services are becoming integral to the connected vehicle ecosystem. Companies monetize vehicle data by providing automakers, city planners, and advertisers with actionable insights. This data can inform infrastructure improvements, traffic management strategies, and targeted advertising campaigns. For instance, in 2021, Honda Motor started a new company that sells data produced by smart vehicles.

Middle East & Africa Connected Vehicle Market Overview

In the Middle East & Africa, countries such as the UAE and Saudi Arabia are witnessing a growing interest in connected vehicles. Luxury car markets in the UAE are embracing connected features, including advanced infotainment systems and telematics services. These technologies cater to the affluent consumer base and align with the region's focus on modernization and smart city initiatives. Saudi Arabia, the largest automotive market in the Middle East, is also showing increasing adoption of connected vehicle technologies. In Africa, the connected vehicle industry is in its nascent stages but holds significant potential. South Africa, with its well-developed automotive sector, is leading the way in integrating connectivity features into vehicles. As the continent's most industrialized nation, it serves as a hub for automotive manufacturing and innovation. In contrast, many other African countries are just beginning to explore the possibilities of connected vehicles, primarily driven by the need for enhanced road safety and transportation efficiency.

Middle East & Africa Connected Vehicle Market Revenue and Forecast to 2030 (US$ Million)

Middle East & Africa Connected Vehicle Market Segmentation

The Middle East & Africa connected vehicle market is segmented based on technology, connectivity, application, and country. Based on technology, the Middle East & Africa connected vehicle market is categorized into 5G, 4G/LTE, and 3G & 2G. The 4G/LTE segment held the largest market share in 2022.

In terms of connectivity, the Middle East & Africa connected vehicle market is segmented into integrated, tethered, and embedded. The embedded segment held the largest market share in 2022.

By application the Middle East & Africa connected vehicle market is categorized into telematics, infotainment, driving assistance, and others. The infotainment segment held the largest market share in 2022.

Based on country, the Middle East & Africa connected vehicle market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa connected vehicle market share in 2022.

AT & T, Audi AG, Bayerische Motoren Werke AG, Continental AG, Denso, General Motors Co, Harman International Industries Inc, Robert Bosch GmbH, and Vodafone Group Plc are some of the leading companies operating in the Middle East & Africa connected vehicle market.

Product Code: BMIRE00030184

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Middle East & Africa Connected Vehicle Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 Automakers and OEMs
- 4.2.2 Tier 1 Suppliers
- 4.2.3 Tier 2 and Tier 3 Suppliers
- 4.2.4 Telecommunications Providers
- 4.2.5 Technology Providers
- 4.2.6 Government Regulations and Standards Bodies
- 4.2.7 Data Providers
- 4.2.8 Logistics and Distribution
- 4.2.9 Service and Maintenance Providers
- 4.2.10 End Users
- 4.2.11 Aftermarket Providers

5. Middle East & Africa Connected Vehicle Market - Key Industry Dynamics

5.1 Connected Vehicle Market - Key Industry Dynamics
5.2 Market Drivers
- 5.2.1 Growing demand for driving assistance system
- 5.2.2 Advancements in Connectivity Technology
5.3 Market Restraints
- 5.3.1 Data Privacy and Security Concerns
- 5.3.2 High Initial Costs and Affordability Concerns
5.4 Market Opportunities
- 5.4.1 Increasing smart city initiatives
- 5.4.2 Adoption of Autonomous vehicles
5.5 Future Trends
- 5.5.1 Connected Car Data Monetization
5.6 Impact of Drivers and Restraints:

6. Connected Vehicle Market - Middle East & Africa Market Analysis

6.1 Connected Vehicle Market Revenue (US$ Million), 2022 - 2030
6.2 Connected Vehicle Market Forecast and Analysis

7. Middle East & Africa Connected Vehicle Market Analysis - Technology

7.1 Connected Vehicle Market, By Technology (2022 and 2030)
7.2 5G
- 7.2.1 Overview
- 7.2.2 5G Market, Revenue and Forecast to 2030 (US$ Million)
7.3 4G
- 7.3.1 Overview
- 7.3.2 4G Market, Revenue and Forecast to 2030 (US$ Million)
7.4 3G & 2G
- 7.4.1 Overview
- 7.4.2 3G & 2G Market, Revenue and Forecast to 2030 (US$ Million)

8. Middle East & Africa Connected Vehicle Market Analysis - Connectivity

8.1 Connected Vehicle Market, By Connectivity (2022 and 2030)
8.2 Integrated
- 8.2.1 Overview
- 8.2.2 Integrated Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Tethered
- 8.3.1 Overview
- 8.3.2 Tethered Market, Revenue and Forecast to 2030 (US$ Million)
8.4 Embedded
- 8.4.1 Overview
- 8.4.2 Embedded Market, Revenue and Forecast to 2030 (US$ Million)

9. Middle East & Africa Connected Vehicle Market Analysis - Application

9.1 Connected Vehicle Market, By Application (2022 and 2030)
9.2 Telematics
- 9.2.1 Overview
- 9.2.2 Telematics Market, Revenue and Forecast to 2030 (US$ Million)
9.3 Infotainment
- 9.3.1 Overview
- 9.3.2 Infotainment Market, Revenue and Forecast to 2030 (US$ Million)
9.4 Driving assistance
- 9.4.1 Overview
- 9.4.2 Driving assistance Market, Revenue and Forecast to 2030 (US$ Million)
9.5 Others
- 9.5.1 Overview
- 9.5.2 Others Market, Revenue and Forecast to 2030 (US$ Million)

10. Connected Vehicle Market - Country Analysis

10.1 Middle East & Africa
- 10.1.1 Overview
- 10.1.2 Middle East & Africa Connected Vehicle Market Breakdown, by Country
  - 10.1.2.1 South Africa Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.2.1.1 South Africa Connected Vehicle Market Breakdown by Technology
    - 10.1.2.1.2 South Africa Connected Vehicle Market Breakdown by Connectivity
    - 10.1.2.1.3 South Africa Connected Vehicle Market Breakdown by Application
  - 10.1.2.2 Saudi Arabia Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.2.2.1 Saudi Arabia Connected Vehicle Market Breakdown by Technology
    - 10.1.2.2.2 Saudi Arabia Connected Vehicle Market Breakdown by Connectivity
    - 10.1.2.2.3 Saudi Arabia Connected Vehicle Market Breakdown by Application
  - 10.1.2.3 UAE Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.2.3.1 UAE Connected Vehicle Market Breakdown by Technology
    - 10.1.2.3.2 UAE Connected Vehicle Market Breakdown by Connectivity
    - 10.1.2.3.3 UAE Connected Vehicle Market Breakdown by Application
  - 10.1.2.4 Rest of Middle East & Africa Connected Vehicle Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.2.4.1 Rest of Middle East & Africa Connected Vehicle Market Breakdown by Technology
    - 10.1.2.4.2 Rest of Middle East & Africa Connected Vehicle Market Breakdown by Connectivity
    - 10.1.2.4.3 Rest of Middle East & Africa Connected Vehicle Market Breakdown by Application

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition

12. Company Profiles

12.1 Harman International Industries Inc
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Robert Bosch GmbH
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 AT&T Inc
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Denso Corp
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Continental AG
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Audi AG
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 General Motors Co
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Bayerische Motoren Werke AG
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
12.9 Vodafone Group Plc
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 Key Developments

13. Appendix

13.1 About The Insight Partners