Middle East & Africa Connected cars Market to Anticipated to Expand at a CAGR of 31.5% by 2024


Posted June 28, 2018 by Steveblade

According to Goldstein Research, Middle East & Africa connected cars market is expected to reach USD 8.6 billion by 2024

 
According to Goldstein Research, Middle East & Africa connected cars market is expected to reach USD 8.6 billion by 2024 from USD 0.935 billion in 2016, growing at a CAGR of 31.5% over the forecast period 2016-2024. Growing digitization and adoption of advanced technologies like IoT is bolstering the growth of connected cars market. Moreover, Middle-East & Africa are the untapped market for connected cars providing vast opportunities for the connected cars market growth. Middle East & Africa connected cars market segmentation has been done on the basis of product type, communication type, application type, service type and geography. Implementation of driverless cars, powered by solar energy at Masdar city in Abu Dhabi is a significant example of penetration of connected cars and autonomous cars in the Middle-East region.

Middle East & Africa connected cars industry is largely dominated by Gulf countries like Saudi Arabia, U.A.E, Kuwait and Qatar. Even the regional landscape for connected cars has been very active in recent and few car brands have already launched smarter cars in the UAE. UAE dominates the Middle-East region in adoption of advanced technology and smart services.

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Market Segmentation

On the basis of our in-depth analysis, Middle East & Africa Connected cars Market can be segmented as follows:

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 Region

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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Middle East & Africa connected cars industry analysis contains detailed overview of the Middle East & Africa connected cars market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, communication type, application type and service type.

Further, for the in-depth analysis, Middle East & Africa Connected cars Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as AT&T, Ford, Verizon, Audi, Harman, Telifonica, Nissan, Toyota, Apple, Google, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the Middle East & Africa connected cars market size along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our industry analysis reports provide in-depth analysis of global and regional variations along with competitors’ overview.

Our analysts working on automotive industry analysis reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

Contact for more Info:
Steve Blade
(Global Sales Head)
USA: + 1-646-568-7747
Canada: 1-437-886-1181
UK: +44-203-318-6627
[email protected]
www.goldsteinresearch.com

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Last Updated June 28, 2018