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Middle East Connected Car Market Report by Technology (3G, 4G/LTE, 5G), Connectivity Solutions (Integrated, Embedded, Tethered), Service (Driver Assistance, Safety, Entertainment, Vehicle Management, Mobility Management, and Others), End Market (Original Equipment Manufacturer (OEMS), Aftermarket), and Country 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A19920
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Market Overview:
Middle East connected car market size is projected to exhibit a growth rate (CAGR) of 17.50% during 2024-2032. The adoption of advanced technology, rapid urbanization, surging traffic congestion issues, government regulations and safety concerns, the thriving luxury car market, and strategic partnerships and investments in research and development (R&D) activities are some of the factors propelling the market growth.
|
Report Attribute
|
Key Statistics
|
|---|---|
|
Base Year
|
2023 |
|
Forecast Years
|
2024-2032
|
|
Historical Years
|
2018-2023
|
| Market Growth Rate (2024-2032) | 17.50% |
A connected car is an automobile equipped with advanced communication and internet-connected technologies that enable it to interact with other devices, networks, and services. It incorporates a wide range of features and capabilities that enhance safety, convenience, and the overall driving experience. Connected cars operate through a combination of hardware and software components, including sensors, processors, and wireless communication modules. They connect to the internet and other vehicles or infrastructure through cellular networks or dedicated short-range communication (DSRC) systems, allowing them to exchange data and information in real-time. The uses of connected cars are diverse, encompassing navigation and mapping services, remote diagnostics, entertainment and infotainment, vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication, and even autonomous driving. The advantages of connected cars are multifaceted, with enhanced safety being a primary benefit. They can provide real-time traffic information, collision avoidance alerts, and emergency assistance, reducing the risk of accidents. Additionally, connected cars offer convenience through features like remote start, vehicle tracking, and over-the-air software updates, which can improve the car's performance and security.
Middle East Connected Car Market Trends:
The Middle East connected car market is influenced by several key drivers, such as the increasing adoption of advanced technology and the Internet of Things (IoT). In line with this, consumers are increasingly seeking vehicles equipped with features, such as real-time navigation, remote diagnostics, and in-car entertainment systems, which is propelling the market growth. Additionally, the Middle East's growing urbanization and traffic congestion problems have boosted the appeal of connected cars, as these vehicles offer solutions such as traffic management and smart parking, which is fueling the market growth. Furthermore, the region's emphasis on safety and security is driving the integration of connected car features like emergency call services and stolen vehicle tracking, which is boosting the market growth. Moreover, government regulations mandating the inclusion of safety features in vehicles are facilitating the market growth. Apart from this, the expanding luxury car market and the rise of ridesharing and car-sharing platforms have increased the demand for connected vehicles to enhance user experience and safety, which is stimulating the market growth. Other factors, such as the rising disposable incomes and partnerships between automakers and technology companies, along with investments in research and development (R&D) activities, are favoring the market growth.
Middle East Connected Car Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and country levels for 2024-2032. Our report has categorized the market based on technology, connectivity solutions, service, and end market.
Technology Insights:
- 3G
- 4G/LTE
- 5G
The report has provided a detailed breakup and analysis of the market based on the technology. This includes 3G, 4g/LTE, and 5G.
Connectivity Solutions Insights:
- Integrated
- Embedded
- Tethered
A detailed breakup and analysis of the market based on connectivity solutions have also been provided in the report. This includes integrated, embedded, and tethered.
Service Insights:
- Driver Assistance
- Safety
- Entertainment
- Vehicle Management
- Mobility Management
- Others
The report has provided a detailed breakup and analysis of the market based on the service. This includes driver assistance, safety, entertainment, vehicle management, mobility management, and others.
End Market Insights:
- Original Equipment Manufacturer (OEMS)
- Aftermarket
A detailed breakup and analysis of the market based on the end market have also been provided in the report. This includes original equipment manufacturer (OEMS) and aftermarket.
Country Insights:
- Saudi Arabia
- Turkey
- Israel
- United Arab Emirates
- Iran
- Iraq
- Qatar
- Kuwait
- Oman
- Jordan
- Bahrain
- Others
The report has also provided a comprehensive analysis of all the major regional markets, which include Saudi Arabia, Turkey, Israel, United Arab Emirates, Iran, Iraq, Qatar, Kuwait, Oman, Jordan, Bahrain, and Others.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Middle East Connected Car Market Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Million |
| Scope of the Report | Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
|
| Technologies Covered | 3G, 4G/LTE, 5G |
| Connectivity Solutions Covered | Integrated, Embedded, Tethered |
| Services Covered | Driver Assistance, Safety, Entertainment, Vehicle Management, Mobility Management, Others |
| End Markets Covered | Original Equipment Manufacturer (OEMS), Aftermarket |
| Countries Covered | Saudi Arabia, Turkey, Israel, United Arab Emirates, Iran, Iraq, Qatar, Kuwait, Oman, Jordan, Bahrain, Others |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Middle East connected car market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Middle East connected car market?
- What is the breakup of the Middle East connected car market on the basis of technology?
- What is the breakup of the Middle East connected car market on the basis of connectivity solutions?
- What is the breakup of the Middle East connected car market on the basis of service?
- What is the breakup of the Middle East connected car market on the basis of end market?
- What are the various stages in the value chain of the Middle East connected car market?
- What are the key driving factors and challenges in the Middle East connected car?
- What is the structure of the Middle East connected car market and who are the key players?
- What is the degree of competition in the Middle East connected car market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Middle East connected car market from 2018-2032.
- This research report provides the latest information on the market drivers, challenges, and opportunities in the Middle East connected car market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Middle East connected car industry and its attractiveness.
- A competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.
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