UAE Autonomous Vehicle Market Size & Outlook, 2023-2030
The autonomous vehicle market in the UAE is expected to reach a projected revenue of US$ 2,733.6 million by 2030. A compound annual growth rate of 21.7% is expected of the UAE autonomous vehicle market from 2024 to 2030.
Revenue, 2023 (US$M)
$691.6
Forecast, 2030 (US$M)
$2,733.6
CAGR, 2024 - 2030
21.7%
Report Coverage
UAE
UAE autonomous vehicle market, 2017-2030 (US$M)
Related Markets
UAE autonomous vehicle market highlights
- The UAE autonomous vehicle market generated a revenue of USD 691.6 million in 2023 and is expected to reach USD 2,733.6 million by 2030.
- The UAE market is expected to grow at a CAGR of 21.7% from 2024 to 2030.
- In terms of segment, passenger vehicle was the largest revenue generating vehicle type in 2023.
- Commercial Vehicle is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
Autonomous vehicle market data book summary
| Market revenue in 2023 | USD 691.6 million |
| Market revenue in 2030 | USD 2,733.6 million |
| Growth rate | 21.7% (CAGR from 2023 to 2030) |
| Largest segment | Passenger vehicle |
| Fastest growing segment | Commercial Vehicle |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Passenger Vehicle, Commercial Vehicle |
| Key market players worldwide | Ford Motor Co, Bayerische Motoren Werke AG, Volvo AB ADR, General Motors Co, Hyundai Motor Co, Mercedes-Benz Group AG, Renault SA, Tesla Inc, Toyota Motor Corp, Volkswagen AG |
Other key industry trends
- In terms of revenue, UAE accounted for 1.3% of the global autonomous vehicle market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia autonomous vehicle market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,733.6 million by 2030.
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Autonomous Vehicle Market Scope
Autonomous vehicle market segmentation & scope
Autonomous Vehicle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UAE autonomous vehicle 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 autonomous vehicle market will help companies and investors design strategic landscapes.
Passenger vehicle was the largest segment with a revenue share of 70.14% in 2023. Horizon Databook has segmented the UAE autonomous vehicle market based on passenger vehicle, commercial vehicle covering the revenue growth of each sub-segment from 2017 to 2030.
- UAE Autonomous Vehicle Vehicle Type Outlook (Revenue, USD Million, 2017-2030)
- Passenger Vehicle
- Commercial Vehicle
- UAE Autonomous Vehicle Level of Autonomy Market Outlook (Revenue, USD Million, 2017-2030)
- Level 1
- Level 2
- Level 3
- Level 4 & 5
- UAE Autonomous Vehicle Application Outlook (Revenue, USD Million, 2017-2030)
- Transportation
- Industrial
- Commercial
- Personal
- Defense
- Transportation
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Our clientele includes a mix of autonomous vehicle 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 country-level data and insights on the UAE autonomous vehicle market , including forecasts for subscribers. This country databook contains high-level insights into UAE autonomous vehicle market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
UAE autonomous vehicle market size, by vehicle type, 2017-2030 (US$M)
UAE Autonomous Vehicle Market Outlook Share, 2023 & 2030 (US$M)
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Related regional statistics
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