Middle East & Africa Automotive Iot Market Size & Outlook
The automotive iot market in Middle East & Africa is expected to reach a projected revenue of US$ 26,723.3 million by 2030. A compound annual growth rate of 17% is expected of Middle East & Africa automotive iot market from 2024 to 2030.
Revenue, 2023 (US$M)
$8,915.3
Forecast, 2030 (US$M)
$26,723.3
CAGR, 2024 - 2030
17%
Report Coverage
Middle East & Africa
Middle East & Africa automotive iot market, 2018-2030 (US$M)
MEA automotive iot market highlights
- The MEA automotive iot market generated a revenue of USD 8,915.3 million in 2023.
- The market is expected to grow at a CAGR of 17% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 8,915.3 million |
| Market revenue in 2030 | USD 26,723.3 million |
| Growth rate | 17% (CAGR from 2024 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware |
| Key market players worldwide | NXP Semiconductors NV, The Harman Group, Robert Bosch Engineering & Business Solutions, Thales Group, International Business Machines Corp, Texas Instruments Inc, Microsoft Corp, Intel Corp, Verizon Communications Inc, Qualcomm Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.4% of the global automotive iot market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 26,723.3 million by 2030.
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Automotive IoT Market Scope
Automotive iot market segmentation & scope
System
Embedded
Tethered
Integrated
Application
Navigation
Telematics
Infotainment
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Automotive IoT Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Related regional statistics
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