Middle East Self Driving Vehicles Market Expanding at a CAGR of 55% over the Forecast Period (2016-2024)

Posted on 2018-09-18 by Goldstein Research in Automotive // 0 Comments

New York, USA, 2018-Sep-18 — /EPR Network/ —According to Goldstein Research, Middle East self-driving vehicles market is expected to grow at a CAGR of more than 55% during the forecast period 2016-2024. Sales of autonomous vehicles in the Middle East region is estimated to reach 1 million by 2035. To achieve these forecast figures, company Tesla in January 2017 underwent testing of an autonomous taxi on Dubai’s road. Moreover, the issue of road safety and the increasing number of road accident cases is further impeding the deployment of self-driving vehicles in the Middle East region. The Middle East self-driving vehicles market segmentation has been carried out on the basis of technology, vehicle type, components, and geography. The autonomous vehicles industry estimates that the autonomous trucking technology can achieve huge success in the Middle East region and create enormous social and economic value.

The Middle East self-driving vehicles market is anticipated to be driven by Abu Dhabi and Saudi Arabia owing to the government’s favorable policies towards autonomous vehicles, majorly towards the autonomous trucks. Furthermore, progressing research and development in the autonomous technology in the region is expected to reach mass production in next 10-12 years.

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Market Segmentation

On the basis of our in-depth analysis, Middle East Self Driving Vehicles Market can be segmented as follows:

By Technology

Driver Assistance
Semi-Automation
High Automation
Full Automation

By Vehicle Type

Passenger Cars
Commercial Vehicles

By Components

Software
1. Applications
2. Operating systems
Hardware
1. Cameras
2. GPS systems
3. Communication Systems
4. Sensors

By Region

A.E {Market Size, Growth Analysis and Opportunity Analysis}
Saudi Arabia {Market Size, Growth Analysis and Opportunity Analysis}
Kuwait {Market Size, Growth Analysis and Opportunity Analysis}
Qatar {Market Size, Growth Analysis and Opportunity Analysis}
Turkey {Market Size, Growth Analysis and Opportunity Analysis}
Egypt {Market Size, Growth Analysis and Opportunity Analysis}
Rest of Middle East {Market Size, Growth Analysis and Opportunity Analysis}

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“Middle East Self Driving Vehicles Market Outlook 2024”contains detailed overview of the Middle East self driving vehicles market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by technology, vehicle type and components.

Further, for the in-depth analysis, Middle East Self Driving Vehicles Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Tesla, Audi AG, Daimler AG, Ford Motors Company, Toyota Motors Company, VOLVO, Denso Corporation, BMW AG, Waymo LLC, Uber, Google,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the Middle Eastself driving vehicles market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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