Saudi Arabia Autonomous Vehicle Market By Vehicle Type (Passenger Car, Commercial Vehicle), By Level of Autonomy (L1, L2, L3, L4, L5), By Vehicle Autonomy (Semi-Autonomous, Fully Autonomous), By Propulsion (ICE, Electric), By Region, Competition, Forecast & Opportunities, 2027
Saudi Arabia Autonomous Vehicle Market By Vehicle Type (Passenger Car, Commercial Vehicle), By Level of Autonomy (L1, L2, L3, L4, L5), By Vehicle Autonomy (Semi-Autonomous, Fully Autonomous), By Propulsion (ICE, Electric), By Region, Competition, Forecast & Opportunities, 2027
Abstract
Saudi Arabia autonomous vehicle market is anticipated to witness impressive growth during the forecast period, 2023-2027. Factors such as the rise in passenger and automobile safety and the growing integration of autonomous technologies to improve the performance of vehicles drive the demand for Saudi Arabia autonomous vehicle market. Favorable government policies for the automotive industry and the high-end investments by the market players for research and development activities to upgrade the existing infrastructure are expected to influence the market demand. Road safety has been included as one of the National Transformation Program's pillars by the Kingdom of Saudi Arabia in an effort to meet the goals established by Saudi Vision 2030. Leading authorities aim to reduce car accidents to lower fatalities. The introduction of autonomous vehicles is anticipated to enhance passenger and road safety. Autonomous technology offers numerous benefits, including reduced fuel use, improved passenger safety, and reduced traffic congestion. Different sensors are integrated into autonomous vehicles to produce real-time data and aid passengers in making informed decisions. A traffic management system powered by artificial intelligence that communicates with the sensors on autonomous vehicles and can improve traffic signals by forecasting merging and slowdowns. Road safety greatly increases as a result of fewer lane changes and orderly traffic. Increased emphasis on traffic safety and enhanced security in automobiles is expected to fuel the Saudi Arabian autonomous vehicle market in the coming years.
The Saudi Arabia autonomous vehicle market is segmented into vehicle type, level of autonomy, vehicle autonomy, propulsion, regional distribution, and competitive landscape. Based on vehicle type, the market is divided into passenger cars and commercial vehicles. Passenger cars dominate the market and are expected to maintain their dominance over the next five years. The demand for passenger automobiles is primarily driven by rising living standards, growing urbanization, high per capita income, and the shift in consumer preference toward private vehicle ownership. To increase driver and passenger safety, the government is supporting the incorporation of cutting-edge technologies into autonomous vehicles, which is anticipated to increase demand for passenger automobiles nationwide.
The major market players operating in the Saudi Arabia autonomous vehicle market are Local Motors, General Motor Company, Ford Motor Company, Nissan Motor Co., Ltd., and Kia Corporation.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2027
Objective of the Study:
•To analyze the historical growth in the market size of the Saudi Arabia autonomous vehicle market from 2017 to 2021.
•To estimate and forecast the market size of Saudi Arabia autonomous vehicle market from 2022 to 2027 and growth rate until 2027.
•To classify and forecast the Saudi Arabia autonomous vehicle market based on vehicle type, level of autonomy, vehicle autonomy, propulsion, region, and company.
•To identify the dominant region or segment in the Saudi Arabia autonomous vehicle market.
•To identify drivers and challenges for the Saudi Arabia autonomous vehicle market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Saudi Arabia autonomous vehicle market.
•To identify and analyze the profiles of leading players operating in the Saudi Arabia autonomous vehicle market.
•To identify key sustainable strategies adopted by market players in Saudi Arabia autonomous vehicle market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of the Saudi Arabia autonomous vehicle market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
•Market research and consulting firms
•Government bodies such as regulating authorities and policy makers
•Organizations, forums, and alliances
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Saudi Arabia autonomous vehicle market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
•Saudi Arabia Autonomous Vehicle Market, By Vehicle Type:
oPassenger Car
oCommercial Vehicle
•Saudi Arabia Autonomous Vehicle Market, By Level of Autonomy:
oL1
oL2
oL3
oL4
oL5
•Saudi Arabia Autonomous Vehicle Market, By Vehicle Autonomy:
oSemi-Autonomous
oFully Autonomous
•Saudi Arabia Autonomous Vehicle Market, By Propulsion:
oICE
oElectric
•Saudi Arabia Autonomous Vehicle Market, By Region:
oNorthern & Central
oSouthern
oEastern
oWestern
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia autonomous vehicle market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
•Detailed analysis and profiling of additional market players (up to five).
Content
Table of Content
1.Product Overview
2.Research Methodology
3.Executive Summary
4.Impact of COVID-19 on Saudi Arabia Autonomous Vehicle Market
5.Voice of Customer
5.1.Factors Influencing Purchase Decision
5.2.Aided Brand Recall and Unaided Brand Recall
5.3.Brand Satisfaction Level
6.Saudi Arabia Autonomous Vehicle Market Outlook
6.1.Market Size & Forecast
6.1.1.By Value and Volume
6.2.Market Share & Forecast
6.2.1.By Vehicle Type (Passenger Car, Commercial Vehicle)
6.2.2.By Level of Autonomy (L1, L2, L3, L4, L5)
6.2.3.By Vehicle Autonomy (Semi-Autonomous, Fully Autonomous)
6.2.4.By Propulsion (ICE, Electric)
6.2.5.By Region
6.2.6.By Company (2021)
6.3.Product Market Map (By Level of Autonomy, By Region)
7.Saudi Arabia Autonomous Passenger Car Market Outlook
7.1.Market Size & Forecast
7.1.1.By Value and Volume
7.2.Market Share & Forecast
7.2.1.By Vehicle Type (Hatchback, Sedan, SUV/MPV)
7.2.2.By Level of Autonomy
7.2.3.By Vehicle Autonomy
7.2.4.By Propulsion
8.Saudi Arabia Autonomous Commercial Vehicle Market Outlook
8.1.Market Size & Forecast
8.1.1.By Value and Volume
8.2.Market Share & Forecast
8.2.1.By Vehicle Type (Truck, Bus)
8.2.2.By Level of Autonomy
8.2.3.By Vehicle Autonomy
8.2.4.By Propulsion
9.Market Dynamics
9.1.Drivers
9.2.Challenges
10.Market Trends and Developments
11.Policy and Regulatory Landscape
12.Saudi Arabia Economic Profile
13.Competitive Landscape
13.1.Company Profiles (Partial List of Leading Companies)
13.1.1.Local Motors
13.1.2.General Motor Company
13.1.3.Ford Motor Company
13.1.4.Nissan Motor Co., Ltd.
13.1.5.Kia Corporation
14.Strategic Recommendations
The Saudi Arabia autonomous vehicle market is segmented into vehicle type, level of autonomy, vehicle autonomy, propulsion, regional distribution, and competitive landscape. Based on vehicle type, the market is divided into passenger cars and commercial vehicles. Passenger cars dominate the market and are expected to maintain their dominance over the next five years. The demand for passenger automobiles is primarily driven by rising living standards, growing urbanization, high per capita income, and the shift in consumer preference toward private vehicle ownership. To increase driver and passenger safety, the government is supporting the incorporation of cutting-edge technologies into autonomous vehicles, which is anticipated to increase demand for passenger automobiles nationwide.
The major market players operating in the Saudi Arabia autonomous vehicle market are Local Motors, General Motor Company, Ford Motor Company, Nissan Motor Co., Ltd., and Kia Corporation.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2027
Objective of the Study:
•To analyze the historical growth in the market size of the Saudi Arabia autonomous vehicle market from 2017 to 2021.
•To estimate and forecast the market size of Saudi Arabia autonomous vehicle market from 2022 to 2027 and growth rate until 2027.
•To classify and forecast the Saudi Arabia autonomous vehicle market based on vehicle type, level of autonomy, vehicle autonomy, propulsion, region, and company.
•To identify the dominant region or segment in the Saudi Arabia autonomous vehicle market.
•To identify drivers and challenges for the Saudi Arabia autonomous vehicle market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Saudi Arabia autonomous vehicle market.
•To identify and analyze the profiles of leading players operating in the Saudi Arabia autonomous vehicle market.
•To identify key sustainable strategies adopted by market players in Saudi Arabia autonomous vehicle market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of the Saudi Arabia autonomous vehicle market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
•Market research and consulting firms
•Government bodies such as regulating authorities and policy makers
•Organizations, forums, and alliances
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Saudi Arabia autonomous vehicle market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
•Saudi Arabia Autonomous Vehicle Market, By Vehicle Type:
oPassenger Car
oCommercial Vehicle
•Saudi Arabia Autonomous Vehicle Market, By Level of Autonomy:
oL1
oL2
oL3
oL4
oL5
•Saudi Arabia Autonomous Vehicle Market, By Vehicle Autonomy:
oSemi-Autonomous
oFully Autonomous
•Saudi Arabia Autonomous Vehicle Market, By Propulsion:
oICE
oElectric
•Saudi Arabia Autonomous Vehicle Market, By Region:
oNorthern & Central
oSouthern
oEastern
oWestern
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia autonomous vehicle market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
•Detailed analysis and profiling of additional market players (up to five).
1.Product Overview
2.Research Methodology
3.Executive Summary
4.Impact of COVID-19 on Saudi Arabia Autonomous Vehicle Market
5.Voice of Customer
5.1.Factors Influencing Purchase Decision
5.2.Aided Brand Recall and Unaided Brand Recall
5.3.Brand Satisfaction Level
6.Saudi Arabia Autonomous Vehicle Market Outlook
6.1.Market Size & Forecast
6.1.1.By Value and Volume
6.2.Market Share & Forecast
6.2.1.By Vehicle Type (Passenger Car, Commercial Vehicle)
6.2.2.By Level of Autonomy (L1, L2, L3, L4, L5)
6.2.3.By Vehicle Autonomy (Semi-Autonomous, Fully Autonomous)
6.2.4.By Propulsion (ICE, Electric)
6.2.5.By Region
6.2.6.By Company (2021)
6.3.Product Market Map (By Level of Autonomy, By Region)
7.Saudi Arabia Autonomous Passenger Car Market Outlook
7.1.Market Size & Forecast
7.1.1.By Value and Volume
7.2.Market Share & Forecast
7.2.1.By Vehicle Type (Hatchback, Sedan, SUV/MPV)
7.2.2.By Level of Autonomy
7.2.3.By Vehicle Autonomy
7.2.4.By Propulsion
8.Saudi Arabia Autonomous Commercial Vehicle Market Outlook
8.1.Market Size & Forecast
8.1.1.By Value and Volume
8.2.Market Share & Forecast
8.2.1.By Vehicle Type (Truck, Bus)
8.2.2.By Level of Autonomy
8.2.3.By Vehicle Autonomy
8.2.4.By Propulsion
9.Market Dynamics
9.1.Drivers
9.2.Challenges
10.Market Trends and Developments
11.Policy and Regulatory Landscape
12.Saudi Arabia Economic Profile
13.Competitive Landscape
13.1.Company Profiles (Partial List of Leading Companies)
13.1.1.Local Motors
13.1.2.General Motor Company
13.1.3.Ford Motor Company
13.1.4.Nissan Motor Co., Ltd.
13.1.5.Kia Corporation
14.Strategic Recommendations
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