Middle East Autonomous Vehicle

Middle East Autonomous Vehicle

The Middle East Autonomous vehicle market has witnessed notable growth during the historical years. Autonomous vehicles refer to commercial as well as passenger vehicles having the capability of driving autonomously with the help of inbuilt hardware and software. The hardware includes sensors, CPU, radars, etc., in order to collect vast amounts of data to assess the road conditions and traffic and steer the vehicle in a lane with a constant speed to reduce the efforts of the driver. These systems also provide assistance in braking where sudden braking is needed.

Autonomous vehicle technology is a growing market in the Middle East region as many of the companies are planning to offer their models with pertinent technologies. Additionally, the government investment in the region along with the rising focus on technological development the market expansion of the autonomous vehicle market in the Middle East region is anticipated. For instance, in 2023, the government of the UAE approved the first preliminary national license for self-driving cars. This preliminary license is granted to the Chinese company WeRide. The country has aimed to have 25% of its transportation to be shifted to fully-autonomous operation by the year 2030.

In another instance, in 2023, the government of Qatar unveiled its five-year plan for self-driving vehicle regulation under its smart and environmentally, conscious transport system.

• Based on the Level of Autonomy, the Middle East Autonomous Vehicle market is bifurcated into Level 1,2 & 3 and Level 4 & 5. Of these Level 1,2 & 3 autonomy has held the major market share. Due to the rising demand for semi-autonomous technology and system integration as lane assist and departure systems, radar, sensors, infrasonic sensors, cameras, etc., are being installed into new-age vehicles as the vehicle industry and driving is undergoing a major Level 1 to 3 category has been in the center of demand. Additionally, the Level 4 & 5 segments are still in the developmental phase which would mature in the future and result in its rapid growth in the coming years. Additionally, the customers are also opting more for Level 3-based vehicles which offer adaptive driving as an assistance to the driver, which has improved its share across the region.
• Based on vehicle type, the Middle East solid-state transformer market is segmented into passenger cars and commercial vehicles. Of these passenger car segment has held the major market share owing to the increasing number of options available for automobiles in the region. Additionally, many of the companies are aggressively including assistive driving technologies under Level 1,2 & 3 autonomy. These technologies are working as a stepping stone for customers to shift from manual driving to completely autonomous driving conditions.
• For a better understanding of the market adoption of the Middle East Autonomous vehicle, the market is analyzed based on its country-wise presence in the Middle East such as Saudi Arabia, UAE, Turkey, Israel, and the Rest of the Middle East. For the Middle East Autonomous vehicle market, Saudi Arabia had considerable demand out of the total market. Saudi Arabia is the largest car and commercial vehicle market in the Middle East with a decent purchasing power among the consumers due to which the market is experiencing rapid growth in terms of the adoption of autonomous vehicles. Additionally, the government policies are also conducive for the expanding demand for autonomous vehicles due to which the country is anticipated to hold a considerable share in the coming years.
• Some of the major players operating in the market include Renault SA, Bayerische Motoren Werke AG, Ford Motor Co., Mercedes-Benz Group AG, Hyundai Motor Co., General Motor Co., Volkswagen AG, Toyota, AB Volvo, and Stellantis Group.