Market Research Report
MIDDLE EAST & AFRICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET FORECAST 2018-2026
|Published by||Inkwood Research||Product code||615481|
|Published||Content info||66 Pages
Delivery time: 1-2 business days
|MIDDLE EAST & AFRICA ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET FORECAST 2018-2026|
|Published: March 19, 2018||Content info: 66 Pages||
The Middle East & Africa ADAS market is growing at an estimated CAGR of 6.50% for the forecast period of 2018-2026. The growth in the automotive market in the Middle East and Africa has been phenomenal, and it is responsible for boosting the ADAS market.
Although the South African market accounted for the highest revenue share in 2017, the UAE market is expected to rise with the highest CAGR over the forecast period. Rapid urbanization and growing infrastructural & industrial development in the surging economies across this region are propelling the market ahead. Another significant market in this region is Saudi Arabia. It is currently the largest importer of vehicles and auto parts in the Middle East and is experiencing a growing demand for smaller to lower-priced cars owing to an escalating middle-class disposable income.
Global companies like Mobileye N.V, Wabco Holdings Inc, Aptiv (Delphi Automotive Plc), Renesas Electronics Corporation, Panasonic Corporation, Infineon Technologies Ag, Continental Ag, Magna International Inc, Denso Corporation, Autoliv Inc and Hyundai Mobis are vying to capture this market.