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26/10/2024

Middle Eastern intelligent transport market to surpass $7 B by 2030

San Francisco, Ca (USA)

The Middle East intelligent transportation systems market size is estimated to reach USD 7.09 billion by 2030, registering a CAGR of 9.1% from 2024 to 2030, according to a new report by Grand View Research, Inc.

Intelligent transportation systems (ITS) is integrated with advanced automotive sensors to monitor and develop strategies to reduce traffic or provide access to sensitive pollution areas, where air quality is below acceptable level. These systems inform drivers about vehicle emitting pollutant levels and corrective actions to be taken. In addition, these systems help transportation and environment protection authorities to develop and evaluate pollution control strategies, which help in effective environment protection.

Traffic management systems enhance reliability and operation performance of road networks. Road authorities deploy advanced traffic management systems to maximize operation performance and reliability of all aspects of road networks such as traffic management, control, and surveillance. Several types of traffic management systems are urban and inter-urban systems, vehicle detection systems, ramp metering systems, bridge traffic management systems, and tunnel traffic management systems.

ATMS solutions offered by market participants combine data processing technology, sensors, and communication to ensure real-time management of operations of transportation networks; data gathered and processed is useful for both drivers and travellers.

In terms of transportation mode, the findings show that roadways dominated the market and accounted for 47.1% share in 2023 owing to the increasing urbanisation and the subsequent need for efficient traffic management solutions. Geographically, also in 2023, the Kingdom of Saudi Arabia market held the largest revenue share of 29.1%. Analysts found that stringent regulations to improve driver, passenger, and pedestrian safety in the country are the key factor driving the regional market.

However, the market expected to grow at a substantial CAGR during the forecast period, due to the increased need for sustainable and efficient transportation solutions was found to be Kuwait.

Key players

Some of the key players in this market and mentioned by the research, include large international enterprises such as Siemens, Thales, Alstom, Cubic Transportation Systems, Kapsch Trafficcom, Indra, Huawei, IBM, Hitachi and Xerox.


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