Middle East and Africa Self-driving Car Market 2022 Industry Analysis and Growth 2030

The study offers in-depth regional analysis of market scenarios, by analyzing previous trends and covering future forecast. It also offers an in-depth analysis of major driving factors, segments, regions & countries and key players in the market. Moreover, the report outlines the competitive scenarios across different geographies, along with some key market strategies such as mergers and acquisitions, new product developments, R&D activities and more.

The Middle East and Africa self-driving car market is expected to expand at a CAGR of 46.6%, leading to global revenue of USD 18.94 Bn by 2024.

The key players in the Middle East and Africa self-driving car Market are Apple, Microsoft, IBM, Toyota, and Volvo.

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It is expected that the self-driving car would reduce car crash by 90%.

A self-driving car also known as the driverless car or an autonomous car, or robotic car uses a combination of cameras, radars sensor, GPS system and artificial intelligence (AI) to travel between destinations without the need of any human drivers. To quantify self-driving cars must be able to drive to a predetermined destination without human conduction.

The Middle East and Africa self-driving market are further segmented based on applications, automation and technological components. The segment applications are also categorized into personal use and commercial use. Initially, self-driving cars will be owned personally. UAE is very progressive in technology.

The country is very enthusiastic about embracing self-driving carsThe citizens of UAE are excited to welcome self-driven cars.

Based on automation, the self-driving automation levels are categorized into semi-autonomous and full autonomous. Semi-autonomous cars are dominating the automation segment. However, the car-manufacturers Target to introduce full autonomous cars by 2020. The Middle East has been in pole position of adopting autonomous driving with UAE leading the way. The Dubai Future Foundation in union with Dubai Roads and Transport Authority (RTA) launched the Dubai Autonomous Transportation Strategy.

The self-driving car Market segment is based on various technological components that are used in autonomous cars like radar, lidar, automotive vehicle camera, ultrasonic sensor and GPS navigation system. Radar sensor market in the Middle East and Africa region is expected to witness sustainable growth during the forecast period because the area is the global focal point for large investments and business expansion opportunities which has encouraged automobile manufacturers to enter this market.
Based on countries, the self-driving market is divided into UAE, Saudia Arabia and the rest of MEA. Countries like UAE, Saudi Arabia, are expected to lead in self-driving car owing to their advancements in connective devices and artificial intelligence(AI).

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Key growth factors

The Middle East and Africa are playing an important role in the field of the autonomous vehicle. In Dubai, Future Foundation in collaboration with Dubai Roads and Transport Authority (RTA) launched Dubai Autonomous Transportation Strategy to regulate autonomous driving policies.
Dubai Autonomous Transportation Strategy has also included the metro stations in Dubai. It aims to build a self-driving system to carry millions of passenger every year.

Threats and key players

The region faces technological challenges even though UAE is progressing with its autonomous cars. There have been several public crashes in self-driving cars due to the software glitch. This lowers the confidant of acquiring a self-driving car.

Whats covered in the report?

Overview of the Middle East and Africa self-driving car market
Market drivers and challenges in the Middle East and Africa self-driving car market
Market trends in the Middle East and Africa self-driving car market
Historical, current and forecasted market size data for the Middle East and Africa self-driving car market
Historical, current and forecasted market size data for the applications of cars in the Middle East and Africa self-driving car market (personal use and commercial use)
Historical, current and forecasted market size data for the automation level in the Middle East and Africa self-driving car market (semi-automation and fully-automation)
Historical, current and forecasted market size data for the technological components in the Middle East and Africa self-driving car market (radar sensors, video cameras, lidar sensors, ultrasound sensors and GPS navigation systems)
Historical, current and forecasted countries (UAE, Saudia Arabia and rest of MEA) market size data for the Middle East and Africa self-driving car market
Analysis of the competitive landscape and profiles of major companies operating in the market
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Why buy?

To gain insightful analysis of the entire market and have a comprehensive understanding of the Middle East and Africa self-driving car market
To understand the growth drivers and challenges in the self-driving cars market and its impact on the Middle East and African scenario
To analyze the market potential, drivers, latest market trends, opportunities and challenges, self-driving cars market threats and risks
Identify major competitors, market dynamics, and respond accordingly
Devise market-entry strategies by understanding the factors driving the growth of the market
Get stakeholder and technology analysis, profiles of the relevant companies and start-up profiles
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

By Geography

Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, and the Rest of Asia Pacific)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and the Rest of Europe)
Latin America (Brazil, Mexico, Argentina, and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa, and Rest of the Middle East & Africa)
North America (U.S. & Canada)
North America garnered a substantial market share in the Middle East and Africa Self-driving Car Market, due to growing demand for Middle East and Africa Self-driving Car Market products, and rising disposable income, followed by Latin America, Europe, and the Middle East & Africa respectively.

Presently, the Asia Pacific region conquers the Middle East and Africa Self-driving Car Market.

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List of Factors Covered in the Report are:

Major Strategic Developments: The report abides by quality and quantity. It covers the major strategic market developments, including R&D, M&A, agreements, new products launch, collaborations, partnerships, joint ventures, and geographical expansion, accompanied by a list of the prominent industry players thriving in the market on a national and international level.

Key Market Features:
Major subjects like revenue, capacity, price, rate, production rate, gross production, capacity utilization, consumption, cost, CAGR, import/export, supply/demand, market share, and gross margin are all assessed in the research and mentioned in the study. It also documents a thorough analysis of the most important market factors and their most recent developments, combined with the pertinent market segments and sub-segments.

List of Highlights & Approach
The report is made using a variety of efficient analytical methodologies that offers readers an in-depth research and evaluation on the leading market players and comprehensive insight on what place they are holding within the industry. Analytical techniques, such as Porter's five forces analysis, feasibility studies, SWOT analysis, and ROI analyses, are put to use to examine the development of the major market players.

COVID-19 - Next Thoughts: In this piece, we have shared key data and numbers that shine a spotlight on the current scale of the crisis and the economic fallout. A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.

The impact of COVID-19 on the future development of the industry is pointed out.
Study Explore :
• Market Behavior/ Level of Risk and Opportunity
• End Industry Behavior/ Opportunity Assessment
• Expected Industry Recovery Timeline

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