Middle East & Africa Automotive Semiconductor Market Size & Outlook
Middle East & Africa automotive semiconductor market, 2018-2030 (US$M)
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MEA automotive semiconductor market highlights
- The MEA automotive semiconductor 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 | Analog Devices Inc, Infineon Technologies AG, NXP Semiconductors NV, Renesas Electronics Corp, Rohm Co Ltd, STMicroelectronics NV, Texas Instruments Inc, Toshiba Corporation |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.1% of the global automotive semiconductor 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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Automotive Semiconductor Market Scope
Automotive Semiconductor Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa automotive semiconductor 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 semiconductor 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 automotive semiconductor market based on passenger vehicle, commerical vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the automotive semiconductor market in MEA is expected to be driven by initiatives by Saudi Arabian governments for launching programs for supporting the production of semiconductors in the region.
Moreover, factors such as the increasing demand of connected and autonomous vehicles have resulted in the increasing adoption of semiconductors for automobiles in the Middle East and Africa. In March 2022, King Abdulaziz City for Science and Technology (KACST) announced the launch of the Saudi Semiconductor Program in Saudi Arabia.
The program is designed to support the research, development, and qualification of personnel in the field of electronic chip design and localization. The initiative is expected to increase the production of semiconductors for vehicles.
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Target buyers of Middle East & Africa automotive semiconductor market databook
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Our clientele includes a mix of automotive semiconductor 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 automotive semiconductor market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa automotive semiconductor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA automotive semiconductor market size, by country, 2018-2030 (US$M)
Middle East & Africa Automotive Semiconductor Market Outlook Share, 2023 & 2030 (US$M)
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