Connected Cars Enhancing the Driving Experience
Middle East and Africa Connected Car market are expected to expand at a compound annual growth rate (CAGR) of 31.5% over the forecast period i.e. 2016-2024.The growth is majorly attributed to the growth of automotive industry in the region and significant adoption of advanced automotive and connectivity technologies.
Market Landscape
In Middle-East region, Gulf countries are the leader in smart cities and smart governments, which is going to witness the massive adoption of IoT technologies for the advanced and smart transportation. For instance, Saudi-Arabia's, investment in Uber technologies appealed the automotive sector throughout the Middle East. Middle-East and Africa are probably to witness strong growth of connected cars market in the region. High disposable income population of Gulf countries is one of the major factors driving the growth of automobile industry and related services industry. Entry of global players in the region has significantly marked the growth of connected car industry in the Middle-East market. For instance, Etisalat and Nissan join forces for the deployment of connected cars in the region.
On the other hand, South African consumers’ great affection with the automobiles is set to develop ever more passionate, as the range of novel technologies starts rapidly entering into the cars. Connected cars will also modify the business models for car manufacturers, dealers, repair workshops and other industry players in Africa, encouraging interesting partnerships as new environment form around the next-generation automobile.
“Middle East and Africa Connected Car Market” outlook covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, the competitive analysis includes the in-depth analysis of the major players and leaders in the connected car industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler, and others. Our primary research team conducted various interviews, surveys and group discussions of industry professionals, Connected Car manufacturers, aftermarket vendors and component suppliers to analyze the future prospects of the overall connected car industry.
The Middle East and Africa Connected Car Market Segmentation can be classified on the basis of:-
Market Segmentation
· By Product Type
o Software
o Hardware
· By Communication Type
o Vehicle-to-Vehicle
o Vehicle-to-Infrastructure
o In-Vehicle
· By Application Type
o Infotainment
o Navigation
o Safety and security
o Telematics
· By Service Type
o OEMs Services
o Aftermarket Services
o Connected Services
o Other (Safety Services etc.)
· By Geography
o U.A.E {Market Size, Growth Analysis, and Opportunity Analysis}
o Saudi Arabia {Market Size, Growth Analysis, and Opportunity Analysis}
o Kuwait {Market Size, Growth Analysis, and Opportunity Analysis}
o Qatar {Market Size, Growth Analysis, and Opportunity Analysis}
o Turkey {Market Size, Growth Analysis, and Opportunity Analysis}
o Egypt {Market Size, Growth Analysis, and Opportunity Analysis}
o North Africa {Market Size, Growth Analysis, and Opportunity Analysis}
o South Africa {Market Size, Growth Analysis, and Opportunity Analysis}
o Rest of MEA {Market Size, Growth Analysis, and Opportunity Analysis}
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Market Trends, Drivers, and Challenges
Increasing digitization and acceptance of innovative technologies such as IoT strengthened the growth of connected cars market. In addition, more than 30 million of cars equipped with infotainment and data connectivity solutions, anticipated manufacturing globally by 2022. By 2021, more than 3 million cars will be manufactured in Middle-East and Africa. Further, rising personal disposable income of people, especially in UAE is expected to witness huge growth in the automobile industry. Moreover, the entrance of major players like Nissan with its flagship models, Nissan Maxima and Nissan Patrol to deliver remote control access to various features. Middle-East & Africa are the untapped markets for connected cars providing vast opportunities for the connected cars market growth.
“Middle East and Africa Connected Car Industry” report have been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. The Middle East and Africa Connected Car market report also recognize value chain analysis to understand the cost differentiation to provide the competitive advantage to the existing and new entry players.
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