Middle East & Africa Intelligent Transportation System Market Size & Outlook
Middle East & Africa intelligent transportation system market, 2018-2030 (US$M)
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MEA intelligent transportation system market highlights
- The MEA intelligent transportation system market generated a revenue of USD 3,674.7 million in 2023.
- The market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
- In terms of segment, roadway was the largest revenue generating transportation mode in 2023.
- Maritime is the most lucrative transportation mode segment registering the fastest growth during the forecast period.
- Country-wise, Egypt is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 3,674.7 million |
| Market revenue in 2030 | USD 6,392.3 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Roadway |
| Fastest growing segment | Maritime |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Roadway, Railway, Airway, Maritime |
| Key market players worldwide | Advantech, Iridium Communications Inc, Alstom SA, Cubic Corporation, Hitachi Ltd, Indra Sistemas SA ADR, Iteris Inc, Kapsch Group, Kongsberg Gruppen ASA, L3Harris Technologies Inc, Brunswick Corp, NEC Corp, Siemens AG, Spire Global Inc Ordinary Shares - Class A, Teledyne Technologies Inc, Thales, Transcore, Wabtec |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.2% of the global intelligent transportation system market in 2023.
- Globally, North America 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 24,009.0 million by 2030.
Key Regions: U.S. , UK , Saudi Arabia , Egypt , Morocco
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Intelligent Transportation System Market Scope
Intelligent Transportation System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa intelligent transportation 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 intelligent transportation system market will help companies and investors design strategic landscapes.
Roadway was the largest segment with a revenue share of 44.56% in 2023. Horizon Databook has segmented the Middle East & Africa intelligent transportation system market based on roadway, railway, airway, maritime covering the revenue growth of each sub-segment from 2018 to 2030.
As per the World Bank in November 2022, the Middle East & Africa region is witnessing a 3.5% increase in urban population each year. With increasing population and dwindling energy resources, the demand for intelligent public transport systems has become highly important for ensuring a sustainable transportation industry in the region.
Governments and agencies in the region are adopting smarter, more intelligent, safer, and technologically advanced transportation systems to improve the mobility of cities, reduce traveling time, and enhance the lifestyle of the people.
For instance, in 2022, Siemens AG announced that it was selected by the Ministry of Energy and Infrastructure, UAE, to establish a comprehensive network of ultra-fast electric vehicle chargers across the country.
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Our clientele includes a mix of intelligent transportation system market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa intelligent transportation system market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa intelligent transportation system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA intelligent transportation system market size, by country, 2018-2030 (US$M)
Middle East & Africa Intelligent Transportation System Market Outlook Share, 2023 & 2030 (US$M)
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