Middle East Intelligent Transportation Systems Market To Be Driven By Growing Innovations in Communication Technology, Automotive & Transport Sector Till 2025 | Million Insights

July 14 05:04 2020
Middle East Intelligent Transportation Systems Market To Be Driven By Growing Innovations in Communication Technology, Automotive & Transport Sector Till 2025 | Million Insights

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According to new report available with Million Insights, the Middle East intelligent transportation systems (ITS) industry is predicted to grow at 11.6% CAGR in the forecast period, providing numerous opportunities for market players to invest in research and development of the market.

The Middle East Intelligent Transportation Systems (ITS) Market size is projected to value at USD 6.77 billion by 2025, according to a new report published by Million Insights, Inc. accounting for a CAGR of 11.6% from 2018 to 2025. Intelligent transportation system is combined with superior automotive sensors to track and create strategies to lower traffic congestion or offer accessibility to sensitive pollution zones, where quality of air is beneath the acceptable range. These systems alert drivers about vehicle releasing pollutant levels and the necessary actions that needs to be taken. Additionally, these systems aid environment protection and transportation authorities to deploy and analyze pollution control mechanism, which support in better environment protection.

Traffic management system grew as the leading segment in 2017 with a share of 41.7% of the overall Middle East ITS market. Traffic management systems increase operational performance and reliability of road chains. Road authorities develop superior traffic management systems to enhance reliability and operational performance of all directions of road networks like traffic control, surveillance, and management. Different kinds of systems in traffic management are vehicle detection systems, inter-urban and urban systems, ramp metering systems, tunnel traffic management systems and bridge traffic management systems.

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ATMS solutions provided by market players integrate sensors, communication, and data processing technology to provide timely management of functions of transportation systems; the processed and collected data is useful for both travelers and drivers. Advanced public transportation system (APTS) is predicted to register a remarkable CAGR of 13.8% over the projected period, due to the growing initiatives by the government.

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Further key findings from the report suggest:

• Emergency Management Systems (EMS) is expected to account for the fastest growth with a CAGR of around 17.0% over the forecast period.

• The Kingdom of Saudi Arabia regional market is expected to register a CAGR of 12.2% from 2018 to 2025 due to strict regulations and norms to improve passenger, pedestrian, and driver safety in the nation.

• The road tolling systems in UAE is expected to value at USD 522.1 million by 2025. The public transport division is likely to witness a CAGR of 10.1% over the projected period.

• Major players include Garmin International, Denso Corporation, Lanner Electronics, and Efkon Ag.

Million Insights has segmented the Middle East ITS market on the basis of application and type:

Middle East Intelligent Transportation System Type Outlook (Revenue, USD Million, 2015 – 2025)
    • ATIS
    • ATMS
    • ATPS
    • APTS
    • EMS

Middle East Intelligent Transportation System Application Outlook (Revenue, USD Million, 2015 – 2025)
    • Automatic Crash Notification (ACN)
    • Emergency Calling
    • Vehicle Tracking
    • Navigation and Infotainment
    • Diagnostics
    • Road Assistance

Middle East Intelligent Transportation System Regional Outlook (Revenue, USD Million, 2015 – 2025)
    • U.A.E.
    • The Kingdom of Saudi Arabia
    • Rest of Middle

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