Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey), By Offering (Solutions, Services, Managed Services), By Technology (Line & Non-line of Sight, Automated Driving Assistance, Backing, Emergency Vehicle Notification, Passenger Information System, Others), By Vehicle Type (Passenger Vehicle, Commercial Vehicle) And Competitive Landscape
Product Code: ETC080315 | Publication Date: Jun 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Middle East Vehicle-to-everything (V2X) Market is gradually expanding their markets in recent years of time. Additionally, the growing demand for semi-autonomous vehicles equipped with advanced driver assistance systems (ADAS) and the increasing efforts by OEMs (original equipment manufacturers) to develop autonomous vehicles at the earliest are expected to propel the Vehicle-to-everything (V2X) market in the near future in Middle-East countries. Further, the increasing number of road accidents is fueling the need for increased public safety and rising government support for improving traffic management are the some of the factors driving the expansion of Vehicle-to-everything (V2X) market in Middle-East countries. Furthermore, the technological advancements in the field of automotive electronics is likely to fuel the Vehicle-to-everything (V2X) market in the Middle-East region. Owing to the outbreak of COVID-19 pandemic, the social distancing trend resulted in the down fall of production of automated vehicles which simultaneously affected the Vehicle-to-everything (V2X) market drastically in Middle-East region.
According to 6Wresearch, the Middle-East Vehicle-to-everything (V2X) Market size is anticipated to register growth during 2021-27. In addition, the key countries of Vehicle-to-everything (V2X) market in Middle-East region are Dubai, Abu-Dhabi, Saudi Arabia and Israel. Moreover, the passenger vehicles demand safe road transportation and hence the V2X communication technology facilitates it by reducing the risk associated with vehicle collisions and accidents. At present, there is a growing demand for passenger vehicles in Saudi Arabia which eventually increases the demand for V2X communication technology by propelling the growth of Vehicle-to-everything (V2X) market in Saudi Arabia. Furthermore, the advancements in 5G technology would enable the applications of 5G-V2X which will facilitate the better performance in terms of cyber security and handling congested traffic environments. Additionally, the Autotalks Ltd in Israel, is one of the highest performing and most trusted V2X solutions in the Middle-East region. Moreover, the Autotalks was the first and still one & only to offer a dual mode chipset, supporting both DSRC and C-V2X.
The Vehicle-to-everything (V2X) market in Middle-East region has been segmented on the basis of component, communication type and connectivity type. Depending on component, it has been bifurcated into hardware and software. Among the components, software dominates the Vehicle-to-everything (V2X) market in Middle-East countries. On the basis of communication type, the market has been classified into vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P), vehicle-to-grid (V2G), vehicle-to-cloud (V2C), vehicle-to-network (V2N) and vehicle-to-device (V2D). Of these classifications, incorporation of V2I and V2N communications in vehicles would enable the convenient facilities such as e-parking and automated toll payments in the near future. On the basis of connectivity type, the V2X market has been segregated into Dedicated Short Range Connectivity (DSRC) and cellular connectivity. Among these, Dedicated Short Range Connectivity (DSRC) has increasing popularity among various tier-1 and tier-2 suppliers owing to the cost-benefit and ease of implementation.
The Middle-East Vehicle-to-everything (V2X) market report thoroughly covers the market by component, communication type, connectivity type and key countries including Dubai, Abu-Dhabi, Saudi Arabia and Israel. The Middle-East Vehicle-to-everything (V2X) market outlook report provides an unbiased and detailed analysis of the on-going Middle-East Vehicle-to-Everything (V2X) market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Middle East Vehicle-to-everything (V2X) Market is gradually expanding their markets in recent years of time. Additionally, the growing demand for semi-autonomous vehicles equipped with advanced driver assistance systems (ADAS) and the increasing efforts by OEMs (original equipment manufacturers) to develop autonomous vehicles at the earliest are expected to propel the Vehicle-to-everything (V2X) market in the near future in Middle-East countries. Further, the increasing number of road accidents is fueling the need for increased public safety and rising government support for improving traffic management are the some of the factors driving the expansion of Vehicle-to-everything (V2X) market in Middle-East countries. Furthermore, the technological advancements in the field of automotive electronics is likely to fuel the Vehicle-to-everything (V2X) market in the Middle-East region. Owing to the outbreak of COVID-19 pandemic, the social distancing trend resulted in the down fall of production of automated vehicles which simultaneously affected the Vehicle-to-everything (V2X) market drastically in Middle-East region.
According to 6Wresearch, the Middle-East Vehicle-to-everything (V2X) Market size is anticipated to register growth during 2021-27. In addition, the key countries of Vehicle-to-everything (V2X) market in Middle-East region are Dubai, Abu-Dhabi, Saudi Arabia and Israel. Moreover, the passenger vehicles demand safe road transportation and hence the V2X communication technology facilitates it by reducing the risk associated with vehicle collisions and accidents. At present, there is a growing demand for passenger vehicles in Saudi Arabia which eventually increases the demand for V2X communication technology by propelling the growth of Vehicle-to-everything (V2X) market in Saudi Arabia. Furthermore, the advancements in 5G technology would enable the applications of 5G-V2X which will facilitate the better performance in terms of cyber security and handling congested traffic environments. Additionally, the Autotalks Ltd in Israel, is one of the highest performing and most trusted V2X solutions in the Middle-East region. Moreover, the Autotalks was the first and still one & only to offer a dual mode chipset, supporting both DSRC and C-V2X.
The Vehicle-to-everything (V2X) market in Middle-East region has been segmented on the basis of component, communication type and connectivity type. Depending on component, it has been bifurcated into hardware and software. Among the components, software dominates the Vehicle-to-everything (V2X) market in Middle-East countries. On the basis of communication type, the market has been classified into vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P), vehicle-to-grid (V2G), vehicle-to-cloud (V2C), vehicle-to-network (V2N) and vehicle-to-device (V2D). Of these classifications, incorporation of V2I and V2N communications in vehicles would enable the convenient facilities such as e-parking and automated toll payments in the near future. On the basis of connectivity type, the V2X market has been segregated into Dedicated Short Range Connectivity (DSRC) and cellular connectivity. Among these, Dedicated Short Range Connectivity (DSRC) has increasing popularity among various tier-1 and tier-2 suppliers owing to the cost-benefit and ease of implementation.
The Middle-East Vehicle-to-everything (V2X) market report thoroughly covers the market by component, communication type, connectivity type and key countries including Dubai, Abu-Dhabi, Saudi Arabia and Israel. The Middle-East Vehicle-to-everything (V2X) market outlook report provides an unbiased and detailed analysis of the on-going Middle-East Vehicle-to-Everything (V2X) market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Middle East vehicle to everything (V2X) market is estimated to grow at a CAGR of 16.4% during the forecast period 2021-2027. Factors such as government initiatives for infrastructure development, increasing demand for connected vehicles and growing traffic congestion are some of the factors driving the growth of this market in this region. Furthermore, rapid technological advancements, investment from major players and rising safety concerns among commuters are augmenting the demand for V2X solutions across Middle Eastern countries like UAE, Saudi Arabia and Qatar. Moreover, increasing adoption of electric vehicles coupled with supportive regulations by governments will further boost regional industry growth over the coming years.Markets Covered
The market report provides a detailed analysis of the following market segments:
Other Key Reports Available:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Middle East Vehicle-to-everything (V2X) Market Overview |
3.1 Middle East Regional Macro Economic Indicators |
3.2 Middle East Vehicle-to-everything (V2X) Market Revenues & Volume, 2020 & 2027F |
3.3 Middle East Vehicle-to-everything (V2X) Market - Industry Life Cycle |
3.4 Middle East Vehicle-to-everything (V2X) Market - Porter's Five Forces |
3.5 Middle East Vehicle-to-everything (V2X) Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Middle East Vehicle-to-everything (V2X) Market Revenues & Volume Share, By Offering, 2020 & 2027F |
3.7 Middle East Vehicle-to-everything (V2X) Market Revenues & Volume Share, By Technology, 2020 & 2027F |
3.8 Middle East Vehicle-to-everything (V2X) Market Revenues & Volume Share, By Vehicle Type, 2020 & 2027F |
4 Middle East Vehicle-to-everything (V2X) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Middle East Vehicle-to-everything (V2X) Market Trends |
6 Saudi Arabia Vehicle-to-everything (V2X) Market, 2017 - 2027 |
6.1.1 Saudi Arabia Vehicle-to-everything (V2X) Market, Revenues & Volume, By Offering, 2017 - 2027 |
6.1.2 Saudi Arabia Vehicle-to-everything (V2X) Market, Revenues & Volume, By Technology, 2017 - 2027 |
6.1.3 Saudi Arabia Vehicle-to-everything (V2X) Market, Revenues & Volume, By Vehicle Type, 2017 - 2027 |
7 UAE Vehicle-to-everything (V2X) Market, 2017 - 2027 |
7.1 UAE Vehicle-to-everything (V2X) Market, Revenues & Volume, By Offering, 2017 - 2027 |
7.2 UAE Vehicle-to-everything (V2X) Market, Revenues & Volume, By Technology, 2017 - 2027 |
7.3 UAE Vehicle-to-everything (V2X) Market, Revenues & Volume, By Vehicle Type, 2017 - 2027 |
8 Qatar Vehicle-to-everything (V2X) Market, 2017 - 2027 |
8.1 Qatar Vehicle-to-everything (V2X) Market, Revenues & Volume, By Offering, 2017 - 2027 |
8.2 Qatar Vehicle-to-everything (V2X) Market, Revenues & Volume, By Technology, 2017 - 2027 |
8.3 Qatar Vehicle-to-everything (V2X) Market, Revenues & Volume, By Vehicle Type, 2017 - 2027 |
9 Kuwait Vehicle-to-everything (V2X) Market, 2017 - 2027 |
9.1 Kuwait Vehicle-to-everything (V2X) Market, Revenues & Volume, By Offering, 2017 - 2027 |
9.2 Kuwait Vehicle-to-everything (V2X) Market, Revenues & Volume, By Technology, 2017 - 2027 |
9.3 Kuwait Vehicle-to-everything (V2X) Market, Revenues & Volume, By Vehicle Type, 2017 - 2027 |
10 Oman Vehicle-to-everything (V2X) Market, 2017 - 2027 |
10.1 Oman Vehicle-to-everything (V2X) Market, Revenues & Volume, By Offering, 2017 - 2027 |
10.2 Oman Vehicle-to-everything (V2X) Market, Revenues & Volume, By Technology, 2017 - 2027 |
10.3 Oman Vehicle-to-everything (V2X) Market, Revenues & Volume, By Vehicle Type, 2017 - 2027 |
11 Bahrain Vehicle-to-everything (V2X) Market, 2017 - 2027 |
11.1 Bahrain Vehicle-to-everything (V2X) Market, Revenues & Volume, By Offering, 2017 - 2027 |
11.2 Bahrain Vehicle-to-everything (V2X) Market, Revenues & Volume, By Technology, 2017 - 2027 |
11.3 Bahrain Vehicle-to-everything (V2X) Market, Revenues & Volume, By Vehicle Type, 2017 - 2027 |
12 Turkey Vehicle-to-everything (V2X) Market, 2017 - 2027 |
12.1 Turkey Vehicle-to-everything (V2X) Market, Revenues & Volume, By Offering, 2017 - 2027 |
12.2 Turkey Vehicle-to-everything (V2X) Market, Revenues & Volume, By Technology, 2017 - 2027 |
12.3 Turkey Vehicle-to-everything (V2X) Market, Revenues & Volume, By Vehicle Type, 2017 - 2027 |
13 Rest of Middle East Vehicle-to-everything (V2X) Market, 2017 - 2027 |
13.1 Rest of Middle East Vehicle-to-everything (V2X) Market, Revenues & Volume, By Offering, 2017 - 2027 |
13.2 Rest of Middle East Vehicle-to-everything (V2X) Market, Revenues & Volume, By Technology, 2017 - 2027 |
13.3 Rest of Middle East Vehicle-to-everything (V2X) Market, Revenues & Volume, By Vehicle Type, 2017 - 2027 |
14 Middle East Vehicle-to-everything (V2X) Market Key Performance Indicators |
15 Middle East Vehicle-to-everything (V2X) Market - Opportunity Assessment |
15.1 Middle East Vehicle-to-everything (V2X) Market Opportunity Assessment, By Countries, 2020 & 2027F |
15.2 Middle East Vehicle-to-everything (V2X) Market Opportunity Assessment, By Offering, 2020 & 2027F |
15.3 Middle East Vehicle-to-everything (V2X) Market Opportunity Assessment, By Technology, 2020 & 2027F |
15.4 Middle East Vehicle-to-everything (V2X) Market Opportunity Assessment, By Vehicle Type, 2020 & 2027F |
16 Middle East Vehicle-to-everything (V2X) Market - Competitive Landscape |
16.1 Middle East Vehicle-to-everything (V2X) Market Revenue Share, By Companies, 2020 |
16.2 Middle East Vehicle-to-everything (V2X) Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |