Middle East & Africa Automotive Electronics Market Size & Outlook
Middle East & Africa automotive electronics market, 2018-2030 (US$M)
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MEA automotive electronics market highlights
- The MEA automotive electronics market generated a revenue of USD 11,208.2 million in 2023.
- The market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, current carrying devices was the largest revenue generating component in 2023.
- Sensors is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 11,208.2 million |
| Market revenue in 2030 | USD 17,439.5 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Current carrying devices |
| Fastest growing segment | Sensors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Electronic Control Units, Sensors, Current Carrying Devices |
| Key market players worldwide | Continental AG, Denso Corp, HELLA GmbH & Co KGaA, Hitachi Ltd, Infineon Technologies AG, Robert Bosch Engineering & Business Solutions, Valeo SA, Visteon Corp, Advanced Micro Devices Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.3% of the global automotive electronics 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 198,196.2 million by 2030.
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Automotive Electronics Market Scope
Automotive Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa automotive electronics 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 automotive electronics market will help companies and investors design strategic landscapes.
Current carrying devices was the largest segment with a revenue share of 42.37% in 2023. Horizon Databook has segmented the Middle East & Africa automotive electronics market based on electronic control units, sensors, current carrying devices covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for connected cars in MEA is on the rise, as consumers increasingly seek vehicles that are equipped with features such as infotainment systems, advanced driver assistance systems (ADAS), and vehicle-to-vehicle (V2V) and vehicle-to infrastructure (V2I) communication capabilities.
Furthermore, telematics solutions, which are powered by IoT connected devices, are becoming increasingly popular in the MEA region. These solutions enable real-time monitoring of vehicle performance, driver behavior, and other metrics, which can help fleet operators to optimize their operations and reduce costs.
These devices are a part of automotive electronics equipment and assist in collecting the real-time data, so the growth of these IoT devices is expected to drive the growth of automotive electronics market.
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Target buyers of Middle East & Africa automotive electronics market databook
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Our clientele includes a mix of automotive electronics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 automotive electronics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa automotive electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA automotive electronics market outlook size, by country, 2018-2030 (US$M)
Middle East & Africa Automotive Electronics Market Outlook Share, 2023 & 2030 (US$M)
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