Middle East & Africa Advanced Driver Assistance System Market Size & Outlook
Middle East & Africa advanced driver assistance system market, 2018-2030 (US$M)
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MEA advanced driver assistance system market highlights
- The MEA advanced driver assistance system market generated a revenue of USD 665.4 million in 2023.
- The market is expected to grow at a CAGR of 9% from 2024 to 2030.
- In terms of segment, passenger vehicle was the largest revenue generating vehicle type in 2023.
- Commerical Vehicle is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 665.4 million |
| Market revenue in 2030 | USD 1,218.1 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Passenger vehicle |
| Fastest growing segment | Commerical Vehicle |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Passenger Vehicle, Commerical Vehicle |
| Key market players worldwide | Intel Corp, Autoliv Inc, Denso Corp, Continental AG, Garmin Ltd, Infineon Technologies AG, Magna International Inc, Mobileye Global Inc Ordinary Shares - Class A, Robert Bosch Engineering & Business Solutions, Valeo SA |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.1% of the global advanced driver assistance system market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 20,628.0 million by 2030.
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Advanced Driver Assistance System Market Scope
Advanced Driver Assistance System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa advanced driver assistance system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to advanced driver assistance system market will help companies and investors design strategic landscapes.
Passenger vehicle was the largest segment with a revenue share of 91.54% in 2023. Horizon Databook has segmented the Middle East & Africa advanced driver assistance system market based on passenger vehicle, commerical vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
In April 2023, Saudi Arabia announced the launch of the trial phase of autonomous vehicles, wherein advanced technologies such as advanced driver assistance systems would be used in the logistics and transportation industry, according to the objectives set in the National Transport and Logistics Strategy.
Through the introduction of this trial, Saudi Arabia aims to reduce accidents and the negative environmental impact caused by the transportation industry while enhancing intra-city mobility.
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Our clientele includes a mix of advanced driver assistance system market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa advanced driver assistance system market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa advanced driver assistance system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA advanced driver assistance system market size, by country, 2018-2030 (US$M)
Middle East & Africa Advanced Driver Assistance System Market Outlook Share, 2023 & 2030 (US$M)
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