Saudi Arabia Connected
Car Market had shown growth in the past years, and it is anticipated to
increase at a high rate in the forecast year 2023-2028. With connectivity on
wheels, connected cars offer comfort, performance, security, and safety. With
the help of such cutting-edge technology of connected car, the driver and the
passengers can connect with numerous web platforms that make real-time
communication possible while they are driving. The Saudi Arabia connected car market is
expected to develop as a result of rising consumer demands, an ongoing need for
connectivity, improved technology dependability, and an increase in the number
of technology enthusiasts. The Saudi Arabia’s market for connected cars is also
being driven by an increasing number of telematics regulations from government
of Saudi Arabia, all of those that are in place and those that are anticipated.
Over the coming ten years, the market for connected cars may boost sales for automotive manufacturers in Saudi Arabia. The automotive
manufacturers are expected to provide the optimum mix of application and
product packages for their target audiences and must analytically invest in
R&D to sustain their technological leadership. According to the research by
the NIDC (National Industrial Development Corporation), 50% drivers demand
rearview camera or backup warning, more than 46% drivers demand for blind-spot
warning system and about 15% of the buyers wants the fully automatic
accelerator in the new vehicle for increasing the safety.
New Technology and Software
in Connected Car
Many technology firms
and software developers are important for the development of the automotive
sector. Two of the applications of connected car’s, Vehicle-to-Vehicle (V2V)
and Vehicle-to-Infrastructure (V2I) communication technologies have made it
possible for cars to create seamless contact with other vehicles and
infrastructure. The connected car market has grown in Saudi Arabia because of
the increasing use of artificial intelligence (AI) technology, which enables
smarter interactions between the driver and the vehicle. Customers can
experience fully autonomous driving thanks to the technology's wide range of
sophisticated capabilities, including voice recognition, gesture recognition,
driver monitoring, virtual assistance, and Natural Language Understanding
(NLU).
Emergence Of Various
Technologies such as 5G And AI
The market for connected
cars is expected to rise over the forecast period owing to the development of
technologies such as 5G and AI. Many developed and emerging nations are using
5G and AI technology across various sectors. For instance, mm Wave 5G is being
implemented in Europe and China for a limited number of specialized use cases
with the intention of making it a standard technology by 2022. Similarly, more
than 600 million people will have 5G subscriptions by the end of 2022, predicts
Ericson. Similar to how new technologies such as artificial intelligence and
machine learning are influencing companies of all sizes. Therefore, the
development of 5G and AI technology is expected to fuel the market for
connected cars.
Increasing Demand for
Smart Solutions in Mobility
Future growth in the
market for connected automobiles is being driven by rising demand for
innovative mobility solutions. Companies and customers are working harder to
develop intelligent automotive mobility solutions. A new network of smart
transportation is created by the connection between linked infrastructure and
smart vehicles. Thus, rising demand for intelligent transportation solutions
drives the market for connected cars.