Middle East and Africa IoT in Automotive Market Industry Insights by Growth, Emerging Trends and Forecast By 2023

Middle East and Africa region is expected to be a growing market for IoT in automotive with the growth of adoption of IoT in the Middle East and Africa region is accelerating over the years. With the ambition to improve productivity, both Public as well Private firms are increasingly digitalizing their businesses to automate their operations. Such high developments focused on automation are expected to drive the adoption of IoT in automotive market in the Middle East and Africa. According to Netscribes, the Middle East and Africa IoT in automotive market is projected to grow at a compound annual growth rate (CAGR) of 19.29% leading to a revenue of USD 2.71 Bn by 2023.

Deployment of advanced navigation systems, digital dashboards and premium infotainment systems are some of the major trends in the automotive market. They are expected to boost the demands for IoT enabled infotainment systems in the region.

One of the largest importers of western cars and relevant technologies are the Middle Eastern countries. Thus, they are extremely interested in vehicles with new technologies. Also, gulf countries like Qatar, Saudi Arabia and the United Arab Emirates (UAE), are expected to witness huge adoption of IoT technology for smart transportation. Implementation of advanced navigation systems, digital dashboards and premium infotainment systems are some of the major trends in the automotive market. In addition, global automotive players are focusing on the Middle East and Africa region to reap the profits of a growing, unsaturated market. Recently, Etisalat and Nissan partnered to deploy connected cars in the region.