Middle East & Africa Automotive Transceivers Market Forecast to 2028 – COVID-19 Impact and Regional Analysis– by Protocol (CAN, LIN, FLEXRAY, and Others), Application (Safety, Body Control Module, Chassis, Powertrain, Steering Wheel, Engine, and Door/Seat

Middle East & Africa Automotive Transceivers Market Forecast to 2028 – COVID-19 Impact and Regional Analysis– by Protocol (CAN, LIN, FLEXRAY, and Others), Application (Safety, Body Control Module, Chassis, Powertrain, Steering Wheel, Engine, and Door/Seat), and Vehicle Type (Passenger Vehicles and Commercial Vehicles)

The Middle East & Africa automotive transceivers market is expected to grow from US$ 69.88 million in 2022 to US$ 87.27 million by 2028. It is estimated to grow at a CAGR of 3.8% from 2022 to 2028.

Drive-By-Wire, Steer-By-Wire, and Brake-By-Wire are emerging Middle East & Africa Automotive Transceivers Market during forecast period

Drive-by-wire, steer-by-wire, and brake-by-wire technology (together, X by Wire) in the automotive sector includes the use of electrical or electromechanical systems for performing vehicle functions. This technology replaces traditional mechanical control systems with electronic control systems such as control units, motors, actuators, sensors, and batteries, which further increases the dependency of automotive vehicles on ECUs. This indicates the greater demand for automotive transceivers in vehicles enabled by the drive-by-wire, steer-by-wire, and brake-by-wire technology. Mercedes-Benz, BMW, Land Rover, GM, Toyota, Volkswagen, Nissan, and many other automotive manufacturers have implemented X by Wire systems in their vehicles that are manufactured mostly for racing competitions. These models include Audi R8 LMS GT3, BMW M6 GT3, and Mercedes-AMG GT3. However, this technology is still in the development stage, and it is yet to gain the attention of many other car manufacturers. Thus, currently, only high-end cars are incorporated with X-by-wire technology. Thus, Drive-By-Wire, Steer-By-Wire, and Brake-By-Wire are emerging Middle East & Africa automotive transceivers market during forecast period.

Middle East & Africa Automotive Transceivers Market Overview

The Middle East & Africa are witnessing high growth in adopting advanced safety features for the vehicles. The sale of new vehicles is anticipated to hold potential demand for automotive transceivers owing to the increasing integration of electronic components in the vehicles for efficient communication and enhanced safety of the passengers. In addition, the adoption of electric cars is projected to grow at a faster pace in the Gulf countries, generally in tech-savvy urban hubs, such as Dubai. The growing production capabilities of EVs in the MEA are further assisting the demand for transceivers for vehicle to vehicle (V2V) and vehicle to everything (V2X) communication, which is used in autonomous vehicles and driverless cars. Thus, the rising need for advanced EVs equipped with V2X and ADAS systems is anticipated to drive the Middle East & Africa automotive transceivers market growth.

Supportive government policies and incentives and private partnerships offer lucrative opportunities to major players to promote the adoption of electric vehicles across the MEA. For instance, in January 2018, Saudi Electricity Company had signed an agreement with Takaoka Tokyo, Nissan Motor, and Tokyo Electric Power Company for the development of the first EV pilot project in Saudi Arabia. The UAE government is planning to have 42,000 electric cars on the roads in the coming years. Also, the UAE announced its plans for green mobility solutions, including converting 25% of the city’s trips into driverless journeys by 2030. Thus, such growing initiatives for adopting electric vehicles and automated cars are propelling the demand for new vehicles wherein automotive transceivers are used for improving in-vehicle communication. The rise in population, growth in infrastructure and transportation, and improved economy are the prominent factors responsible for the growth of ADAS cars in the MEA. In addition, Saudi Arabia has lifted the ban on women from driving vehicles, which is increasing the penetration of vehicle ownership in this region, thereby boosting the sales of new cars. Thus, such growing adoption of autonomous vehicles is likely to hold potential demand for automotive transceivers for advanced safety and security of the drivers, which is expected to drive the Middle East & Africa automotive transceivers market growth over the forecast period.

Middle East & Africa Automotive Transceivers Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Automotive Transceivers Market Segmentation

The Middle East & Africa automotive transceivers market is segmented into protocol, application, vehicle type, and country.

Based on protocol, the Middle East & Africa automotive transceivers market is segmented into CAN, LIN, FLEXRAY, and others. The CAN segment held the largest market share in 2022.

Based on application, the Middle East & Africa automotive transceivers market is segmented into safety, body control module, chassis, powertrain, steering wheel, engine, and door/seat. The safety segment held the largest market share in 2022.

Based on vehicle type, the Middle East & Africa automotive transceivers market is bifurcated into passenger vehicles and commercial vehicles. The passenger vehicles segment held the larger market share in 2022.

Based on country, the Middle East & Africa automotive transceivers market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. South Africa dominated the market share in 2022.

Broadcom Inc; Maxim Integrated Products Inc; NXP Semiconductors NV; Renesas Electronics Corp; Robert Bosch; STMicroelectronics NV; Texas Instruments Inc; and Toshiba Corp are the leading companies operating in the Middle East & Africa automotive transceivers market.

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