Middle East and Africa Smart Highway Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technology (Smart Transport Management System, Smart Traffic Management System, Communication System, Monitoring System, and Others) and Component (Hardware and Software)
Market Introduction
Intelligent Transport Systems (ITS) in the Middle East & Africa is recording a rapid rise, improving the mobility of people and goods, increasing safety, reducing traffic congestion and managing incidents effectively. Benefits offered by ITS in a smart highway including real-time traffic updates to passengers and drivers is propelling the smart highway market in Middle East & Africa. The rising urbanization and increasing number of motor vehicles on road in this region have accelerated the demand for a smart transportation system. Technological advancements, such as visual signage systems, roadway taxation and electronic tolls systems, self-driving vehicles, and electric vehicles, are also propelling the demand for smart highways. To attract investments and branch out from oil, the GCC countries are determined to develop large-scale infrastructures. Transportation accounts for the second-largest planned projects sector in the Middle East & Africa. According to Middle East Economic Digest (MEED), the UAE is the second biggest transport projects market in this region, with about US$ 106 bn worth of projects planned. In 2019, Kapsch TrafficCom demonstrated its expertise in terms of highway and urban mobility management capabilities by showcasing integrated mobility solutions in realistic scenarios at Gulf Traffic in Dubai.
Middle East & Africa comprises of South Africa, the UAE, Saudi Arabia, and other countries. In this region, South Africa recorded the highest number of COVID-19 cases and is followed by Saudi Arabia and the UAE. The Middle East & Africa region has a smaller number of companies operating or offering market-specific solutions. Further, according to the Institute of Chartered Accountants in England and Wales (ICAEW), the Middle East economy has witnessed a sharp slowdown in the year 2020. The COVID-19 outbreak has negatively impacted the construction businesses of roads and highways in the region due to the supply chain disruption and the transportation sector was also affected due to the non-movement of vehicles. In 2020, thus the revenue collected from highway systems decreased, resulting in a negative impact on the smart highway market in the region. However, in 2021, with the uplifting of lockdown restrictions and vaccination processes, the road and highway construction and developments has started again, helps in creating a positive scenario for the smart highway market growth in region. Furthermore, the infrastructural readiness of several stable economies in Middle East, such as UAE, Saudi Arabia, Qatar, and Bahrain, creates ample opportunities for the governments to implement intelligent transportation systems for enabling smart highways in the region.
Market Overview and Dynamics
The smart highway market in Middle East & Africa is expected to grow US$ 1,461.49 million in 2021 to US$ 4,483.79 million by 2028; it is estimated to grow at a CAGR of 17.4% from 2021 to 2028. Insufficient road space and the lack of road sense and discipline are the key factors responsible for traffic congestions. Thus, highway authorities are focusing on implementing advanced traffic management solutions to overcome traffic problems in cities. Intelligent transportation systems, vehicle infrastructure, structural health monitoring, solar road panels, and wireless vehicle charging are crucial components of a smart highway. The integration of traffic control centers, access control, and route guidance systems offers a range of benefits within a smart transportation management system. Furthermore, assimilating AI and big data with physical infrastructures, such as sensors and solar panels, has bolstered the demand for smart roads across the world. Edge computing enables low latency that powers the smart road infrastructure, including adaptive traffic lights and integrated roadways. Traffic lights can automatically adjust their timing based on sensor data, enhancing the flow of traffic and changing signals to help protect drivers. The AAEON Atlas, supported by Intel Vision Products, is an edge computing node that consolidates data from smart lighting, environmental monitoring, and video sensors to shape future smart cities. The rising deployments of smart streetlights, smart traffic lights, smart parking, and/or e-tolling stations has augmented processing capabilities needed to monitor traffic congestion. While smart roads may still be in their infancy, significant initiatives are currently being introduced in the region.
Key Market Segments
In terms of technology, the smart transport management system segment accounted for the largest share of the Middle East & Africa smart highway market in 2020. In term of component, hardware segment held a larger market share of the smart highway market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the smart highway market in Middle East & Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Cisco Systems, Inc.; Huawei Technologies Co., Ltd.; Kapsch TrafficCom AG; Nokia Coropration; Siemens AG; Conduent, Inc.; Toshiba Corporation; Nippon Koei, Co., Ltd.; Telegra; and IBI Group among others.
Reasons to buy report
- To understand the Middle East & Africa smart highway market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Middle East & Africa smart highway market
- Efficiently plan M&A and partnership deals in Middle East & Africa smart highway market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Middle East & Africa smart highway market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Middle East & Africa region.
Middle East & Africa Smart Highway Market Segmentation
Middle East & Africa Smart Highway Market – By Technology
- Smart Transport Management System
- Smart Traffic Management System
- Communication System
- Monitoring System
- Others
Middle East & Africa Smart Highway Market – By Component
Middle East & Africa Smart Highway Market – By Country
- South Africa
- UAE
- Saudi Arabia
- Rest of MEA
Middle East & Africa Smart Highway Market – Companies Mentioned
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd.
- Kapsch TrafficCom AG
- Nokia Coropration
- Siemens AG
- Conduent, Inc.
- Toshiba Corporation
- Nippon Koei, Co., Ltd.
- Telegra
- IBI Group
Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Smart Highway Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Middle East & Africa Smart highway Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Elevating Integration of Traffic Control Centers and Route Guidance Systems
5.2 Key Market Restraints
5.2.1 Insufficient Supporting Infrastructure, Unawareness, and Unwillingness to Adopt New Ways
5.3 Key Market Opportunities
5.3.1 Increasing Digital Reality and Mobility Innovation
5.4 Future Trends
5.4.1 Demand of Smart City Concepts
5.5 Impact Analysis of Drivers And Restraints
6. Middle East & Africa Smart Highway Market Analysis
6.1 Middle East & Africa Smart highway Market Overview
6.2 Middle East & Africa Smart Highway Market Revenue Forecast and Analysis
7. Middle East & Africa Smart highway Market Analysis – By Technology
7.1 Overview
7.2 Middle East & Africa: Smart highway Market, By Technology
7.3 Smart Transport Management System
7.3.1 Overview
7.3.2 Smart transport management system: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
7.4 Smart Traffic Management System
7.4.1 Overview
7.4.2 Smart Traffic Management System: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
7.5 Communication System
7.5.1 Overview
7.5.2 Communication System: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
7.6 Monitoring System
7.6.1 Overview
7.6.2 Monitoring System: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
8. Middle East & Africa Smart highway Market Analysis – By Component
8.1 Overview
8.2 Middle East & Africa Smart highway Market, By Component
8.3 Hardware
8.3.1 Overview
8.3.2 Hardware: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
8.4 Software
8.4.1 Overview
8.4.2 Software: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
9. Middle East & Africa Smart highway Market – Country Analysis
9.1 Overview
9.1.1 Middle East & Africa: Smart highway Market, By Country
9.1.1.1 South Africa: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Smart highway Market, By Technology
9.1.1.1.2 South Africa: Smart highway Market, By Component
9.1.1.2 Saudi Arabia: Smart Highway Market – Revenue and Forecast to 2028(US$ Million)
9.1.1.2.1 Saudi Arabia: Smart highway Market, By Technology
9.1.1.2.2 Saudi Arabia: Smart highway Market, By Component
9.1.1.3 U.A.E: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 U.A.E: Smart highway Market, By Technology
9.1.1.3.2 U.A.E: Smart highway Market, By Component
9.1.1.4 Rest of Middle East & Africa: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of Middle East & Africa: Smart highway Market, By Technology
9.1.1.4.2 Rest of Middle East & Africa: Smart highway Market, By Component
10. Middle East & Africa Smart highway Market – COVID-19 Impact Analysis
10.1 Overview
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Development
12. Company Profiles
12.1 Cisco Systems, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Huawei Technologies Co., Ltd.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Kapsch TrafficCom AG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Nokia Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Siemens AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Telegra
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Conduent, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Toshiba Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Nippon Koei Co., Ltd.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 IBI Group
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Middle East & Africa Smart Highway Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Middle East & Africa Smart highway Market, By Country – Revenue and Forecast to 2027 (US$ Million)
Table 3. South Africa Smart highway Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa Smart highway Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia Smart highway Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia Smart highway Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 7. U.A.E Smart highway Market, By Technology– Revenue and Forecast to 2028 (US$ Million)
Table 8. U.A.E Smart highway Market, By Component – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of Middle East & Africa Smart highway Market, By Technology– Revenue and Forecast to 2027 (US$ Million)
Table 10. Rest of Middle East & Africa Smart highway Market, By Component – Revenue and Forecast to 2027 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. Middle East & Africa Smart Highway Market Segmentation
Figure 2. Middle East & Africa Smart Highway Market Segmentation – By Country
Figure 3. Middle East & Africa Smart Highway Market Overview
Figure 4. Middle East & Africa Smart Highway Market, By Technology
Figure 5. Middle East & Africa Smart Highway Market, By Component
Figure 6. Middle East & Africa Smart Highway Market, By Country
Figure 7. Middle East & Africa PEST Analysis
Figure 8. Middle East & Africa Smart highway Market- Ecosystem Analysis
Figure 9. Middle East & Africa Smart Highway Market Impact Analysis of Drivers and Restraints
Figure 10. Middle East & Africa Smart Highway Market Revenue Forecast and Analysis to 2028 (US$ Million)
Figure 11. Middle East& Africa: Smart highway Market Revenue Share, By Technology (2020 and 2028)
Figure 12. Smart transport management system: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
Figure 13. Smart Traffic Management System: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
Figure 14. Communication System: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
Figure 15. Monitoring System: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
Figure 16. Others: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
Figure 17. Middle East & Africa: Smart highway Market Revenue Share, By Component (2020 and 2028)
Figure 18. Hardware: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
Figure 19. Software: Smart Highway Market – Revenue and Forecast to 2028 (USD Million)
Figure 20. Geographic Overview of Middle East & Africa Smart highway Market
Figure 21. Middle East & Africa: Smart highway Market Revenue Share, By Country (2020 and 2028)
Figure 22. South Africa: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Saudi Arabia: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. U.A.E: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Rest of Middle East & Africa: Smart Highway Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Impact of Covid-19 Pandemic In Middle East & Africa Country Markets
- Cisco Systems, Inc.
- Huawei Technologies Co., Ltd.
- Kapsch TrafficCom AG
- Nokia Coropration
- Siemens AG
- Conduent, Inc.
- Toshiba Corporation
- Nippon Koei, Co., Ltd.
- Telegra
- IBI Group
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa smart highway market.
- Highlights key business priorities in order to assist companies to realign their business strategies
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- Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the smart highway market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution