Saudi Arabia Connected Car Services Market (2024-2030) | Trends, Analysis, Value, Forecast, Industry, Size, Companies, Revenue, Share, Growth & Outlook

Saudi Arabia Connected Car Services Market Highlights

Report Name	Saudi Arabia Connected Car Services Market
Forecast period	2024-2030
CAGR	13.2%
Growing Sector	OEM

Topics Covered in Saudi Arabia Connected Car Services Market Report

Saudi Arabia Connected Car Services Market report thoroughly covers the market by Services, Form Types, End Markets, and Regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Saudi Arabia Connected Car Services Market Synopsis

The Saudi Arabia Connected Car Services Market is experiencing substantial growth, driven by the increasing integration of smart technologies in vehicles and the rising demand for advanced driving assistance features.

According to 6Wresearch, the Saudi Arabia Connected Car Services Market is projected to grow at a CAGR of 13.2% from 2024-2030. The OEM sector is showing the most significant growth, fueled by the automotive industry's push towards enhancing vehicle performance and user experience. Additionally, the demand for services like autopilot and navigation is growing due to their role in improving driving safety and convenience. The increasing disposable income and technological advancements in the region are further boosting the market.

However, the market faces challenges such as the high costs associated with implementing these advanced services and concerns about data security. The integration of connected services requires significant investment, which can be a hurdle for smaller manufacturers. Moreover, ensuring robust cybersecurity measures to protect against potential threats is critical to maintaining consumer trust.

Saudi Arabia Connected Car Services Market: Leading Players

Leading players in the Saudi Arabia Connected Car Services Market include Continental AG,Robert Bosch GmbH, and Valeo SA. Continental AG is known for its innovative autopilot and navigation solutions that enhance driving safety and convenience. Robert Bosch GmbH provides a comprehensive range of connected car services, including predictive diagnostics and eCall assistance, catering to both OEM and aftermarket segments. Valeo SA specializes in advanced vehicle management and asset tracking solutions, recognized for their reliability and efficiency.

Saudi Arabia Connected Car Services Industry: Government Initiatives

The Saudi government is actively promoting the adoption of connected car services through various initiatives. These include policies aimed at enhancing vehicle safety standards and encouraging the integration of advanced technologies in the automotive sector. Efforts to develop smart city infrastructure and improve road safety are also driving the demand for connected car services. Moreover, investments in 5G technology and improving internet connectivity are expected to facilitate the growth of the connected car ecosystem. Additionally, initiatives to reduce import duties on advanced automotive technologies are anticipated to support market expansion.

Future Insights of the Market

The Saudi Arabia Connected Car Services Market is anticipated to witness significant growth over the next five years. Market growth is expected to be driven by technological advancements like IoT in smart car services. Growing inclination towards energy-efficient and automated driving solutions, coupled with increasing demand for smart and green appliances by concerned individuals, is expected to influence the sales of eco-friendly models. In addition to this, the automotive industry will keep its importance high as more and more manufacturers offer premium connected services. Moreover, growth opportunities are significant within the residential segment as increasing preference for high-end vehicle management systems among consumers would lift up demand. In brief, growth will be driven by innovation and sustainability-oriented focus in the market.

Market Segmentation By Services

According to Ravi Bhandari, Research Head, 6Wresearch, autopilot and navigation services are leading the market due to their widespread adoption in enhancing driving convenience and safety.

Market Segmentation By Form Types

High demand for the Embedded system because it can be easily integrated and provides better performance in connected car services.

Market Segmentation By End Markets

The OEM sector holds the largest market share, with the share concentrated at the top tier for automakers to provide even better vehicle performance and user experience deploying connected car technologies to maximize profit.

Market Segmentation By Regions

The Central Region is the leading region due to its robust automotive industry and the rapid adoption of advanced connected car services across various segments.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Saudi Arabia Connected Car Services Market Overview
• Saudi Arabia Connected Car Services Market Outlook
• Saudi Arabia Connected Car Services Market Forecast
• Historical Data of Saudi Arabia Connected Car Services Market Revenues, for the Period 2020-2030
• Saudi Arabia Connected Car Services Market Size and Saudi Arabia Connected Car Services Market Forecast of Revenues, Until 2030
• Historical Data of Saudi Arabia Connected Car Services Market Revenues, By Services, for the Period 2020-2030
• Market Size & Forecast of Saudi Arabia Connected Car Services Market Revenues, By Services, Until 2030
• Historical Data of Connected Car Services Market Revenues, By Form Types, for the Period 2020-2030
• Market Size & Forecast of Saudi Arabia Connected Car Services Market Revenues, By Form Types, Until 2030
• Historical Data of Connected Car Services Market Revenues, By End Markets, for the Period 2020-2030
• Market Size & Forecast of Saudi Arabia Connected Car Services Market Revenues, By End Markets, Until 2030
• Historical Data of the Central Region Connected Car Services Market Revenues, for the Period 2020-2030
• Market Size & Forecast of the Central Region Connected Car Services Market Revenues, Until 2030
• Historical Data of the Western Region Connected Car Services Market Revenues, for the Period 2020-2030
• Market Size & Forecast of the Western Region Connected Car Services Market Revenues, Until 2030
• Historical Data of the Eastern Region Connected Car Services Market Revenues, for the Period 2020-2030
• Market Size & Forecast of the Eastern Region Connected Car Services Market Revenues, Until 2030
• Historical Data of the Southern Region Connected Car Services Market Revenues, for the Period 2020-2030
• Market Size & Forecast of the Southern Region Connected Car Services Market Revenues, Until 2030
• Market Drivers and Restraints
• Saudi Arabia Connected Car Services Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Saudi Arabia Connected Car Services Market Share, By Players
• Saudi Arabia Connected Car Services Market Share, By Regions
• Saudi Arabia Connected Car Services Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Services

• Autopilot
• Navigation
• ECall & SOS Assistance
• Predictive Diagnostics
• On-Road Assistance
• Asset Tracking
• Auto Parking/Connected Parking
• Vehicle Management
• Others

By Form Types

• Embedded
• Tethered
• Integrated

By End Markets

• OEM
• Aftermarket

By Regions

• Central Region
• Western Region
• Eastern Region
• Southern Region