Middle East Intelligent Transportation Systems Market Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Middle East Intelligent Transportation Systems Market


The global Middle East Intelligent Transportation Systems market size is projected to reach US$ 7.57 billion by 2026, from US$ 3.92 billion in 2020, at a CAGR of 11.6% during 2021-2026. Need to present real-time traffic information to drivers and passengers is one of the key trends stimulating the growth of the market.

Turbulence in the prices of petroleum and crude oil has not caused much of an impact on invest flow in the mobility and transportation sector in the region. The leading countries, such as Kingdom of Saudi Arabia and United Arab Emirates (U.A.E.), in modernizing mobility have extensive monetary reserves to fund these projects.

The region is home to several fast emerging metropolitans and big cities, wherein the population is increasing at a noteworthy rate. In such a scenario, mobility issues in the offing can be envisaged. Consistent efforts by governments to improve public transport and infrastructure to cater to urban transportation challenges are providing a tremendous push to the market.

Intelligent transportation systems are a viable solution for traffic and safety issues. They are a combination of communication and information technology incorporated into transportation infrastructure for improving passenger safety and overall efficiency. Advancements in information and communication technology are likely to work in favor of the market.

Upcoming events in the region such as Expo 2020 in Dubai and FIFA World Cup in Qatar in 2022 are expected to boost the need for efficient transportation systems, thereby driving the market. The ambitious project ˜Vision 2030 launched by the Kingdom of Saudi Arabia has specific arrangements for improved mobility in the country, emphasizing on intelligent transportation systems in planned and executed projects. The Kingdom also has planned a project of connecting intercity rail roads with metros and buses with the help of intelligent transportation solutions.

Market Segmentation, Outlook & Viewpoint: Middle East Intelligent Transportation Systems Market

Type Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
ATIS
  
ATMS
  
ATPS
  
APTS
  
EMS

Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Traffic Management
  
Road Safety and Security
  
Freight Management (Commercial)
  
Public Transport
  
Environment Protection
  
Automotive Telematics
  
Parking Management
  
Road Tolling Systems

Key Players, Recent Developments & Regional Insights: Middle East Intelligent Transportation Systems Market

The automotive telematics segment was valued at USD 301.2 million in 2017. It is estimated to expand at a CAGR of 13.8% over the forecast period. Increasing stringency in regulations pertaining to safety and security of vehicles and passengers as well as pedestrians is contributing to the growth of the segment. Constant evolution in connectivity between vehicle to vehicle (V2V) and vehicle to everything (V2X) is augmenting efficient implementation of intelligent transportation systems.

Traffic management systems are anticipated to emerge as a promising application segment during the forecast period. There is a widening base of inhabitants in the region owing to attractive employment opportunities in countries such as United Arab Emirates, Kuwait, Oman, and Saudi Arabia. Rise in population has resulted in increase in passenger cars on roads, despite improving public transportation. This is triggering situations such as traffic congestion, eventually resulting in increased pollution and need of effective traffic management systems.

System Type Insights

APTS is projected to post a CAGR of 13.8% from 2017 to 2025. It provides enhanced visibility into the overall timelines of buses and trains. Rising number of passengers traveling through public transportation and increasing investments in real-time information systems are poised to contribute to the growth of the segment. The segment is likely to dominate the Middle East ITS market throughout the forecast horizon.

ATMS provides traffic management solutions that enable improvement in road safety, enhanced traffic flow, and enhancement in mobility. Traffic management solutions offer real-time data to analyze and respond immediately to emergencies. Countries in the region are modifying their traffic management infrastructure to reduce increasing traffic congestion.

Regional Insights

The Kingdom of Saudi Arabia is expected to progress at the highest CAGR of 12.2% during the forecast period. The Kingdom has planned extensive modernization projects in all its major cities along with religious cities such as Mecca and Medina. The ˜Vision 2030 has enabled realization of various infrastructure projects including roadways, railways, and airways development. The Kingdom has allotted billions of dollars for these projects and has planned integration of local transport with intercity transport services. This is estimated to provide essential boost to intelligent transportation systems in the Middle East.

The U.A.E. has been working on improving transportation systems since 2007 with a flagship project of automatic road tolling systems in Dubai. The city has also installed other intelligent systems such as traffic management systems and is planning to increase such projects to improve transportation. The capital Abu Dhabi has also chalked out various intelligent transportation systems to regulate and manage traffic more efficiently.

Middle East Intelligent Transportation Systems Market Share Insights

Key players in the market include Siemens AG, Kapsch TrafficCom, and Hitachi Ltd. The competitive landscape of the market is influenced by diversified customer base and a wide range of advanced technology products employed in the transportation management. Other prominent vendors in the market include Denso Corporation, Efkon Ag, Garmin International, and Lanner Electronics.

Key Insights Covered: Middle East Intelligent Transportation Systems Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Middle East Intelligent Transportation Systems industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Middle East Intelligent Transportation Systems industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Middle East Intelligent Transportation Systems industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Middle East Intelligent Transportation Systems industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Middle East Intelligent Transportation Systems industry.

Research Methodology: Middle East Intelligent Transportation Systems Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
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Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other