Middle East & Africa Smart Highway Market Size & Outlook
MEA smart highway market highlights
- The MEA smart highway market generated a revenue of USD 2,796.6 million in 2023.
- The market is expected to grow at a CAGR of 21.5% from 2024 to 2030.
- In terms of segment, intelligent transport management system was the largest revenue generating technology in 2023.
- Intelligent Transport Management System is the most lucrative technology segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 2,796.6 million |
| Market revenue in 2030 | USD 10,903.9 million |
| Growth rate | 21.5% (CAGR from 2023 to 2030) |
| Largest segment | Intelligent transport management system |
| Fastest growing segment | Intelligent Transport Management System |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Intelligent Transport Management System |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.9% of the global smart highway 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 57,691.5 million by 2030.
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Smart Highway Market Scope
Smart Highway Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| LG CNS | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://www.lgcns.com |
| Indra Sistemas SA ADR | View profile | 57755 | Avenida de Bruselas, 35, Alcobendas, Madrid, Spain, 28108 | http://www.indra.es |
| Huawei Technologies | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | http://huawei.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| Infineon Technologies AG | View profile | 59364 | Am Campeon 1-15, Neubiberg, Munich, Germany, 85579 | https://www.infineon.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
Middle East & Africa smart highway 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 smart highway market will help companies and investors design strategic landscapes.
Intelligent transport management system was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Middle East & Africa smart highway market based on intelligent transport management system covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Middle East & Africa smart highway market databook
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Our clientele includes a mix of smart highway 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa smart highway market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa smart highway market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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