Middle East and Africa Self-driving Car Market Size 2022 Share, Growth, Trends and Forecast 2030 | Apple, Microsoft, IBM, Toyota

The recent research report published by Quadintel gives an insight into the global Middle East and Africa Self-driving Car Market. According to this published competitive intelligence analysis, the global Middle East and Africa Self-driving Car Market is expected to experience a promising annual revenue increase (USD in Mn) in 2021. A comprehensive overview and precise insights into possible future scenarios for the worldwide market are provided in this study.

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.

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

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.

TheMiddle East and Africa self-driving marketare 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:

Geographical Breakdown: The regional section of the report analyses the market on the basis of region and national breakdowns, which includes size estimations, and accurate data on previous and future growth. It also mentions the effects and the estimated course of Covid-19 recovery for all geographical areas. The report gives the outlook of the emerging market trends and the factors driving the growth of the dominating region to give readers an outlook of prevailing trends and help in decision making.

Key inquiries addressed in the report:

Investigate the COVID 19 outbreak's effects.
Our researchers give precise responses, pinpoint significant chances and fresh investments, and suggest excellent market strategy avenues.
Key Points Covered in this Report

Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of market, Applications, Market Segment by Regions North America, Europe or Asia.

Chapter 2, objective of the study.

Chapter 3, to display Research methodology and techniques.

Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;

Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;

Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis

Chapter 10, focus on identifying the key industry influencer's, overview of decision framework accumulated through Industry experts and strategic decision makers;

Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behaviour, Marketing Channels and demand & supply.

Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)

Chapter 15, deals with Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

…….. and view more in complete table of Contents

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This release was published on openPR.