Saudi Arabia Intelligent Transportation System Market Research Report, 2029

The Saudi Intelligent Transportation Systems (ITS) market has developed as a relatively new but rapidly expanding sector, with significant growth in recent years. This increase can be attributed mostly to government-led efforts such as Vision 2030, which focuses heavily on improving the country's transportation infrastructure. Vision 2030 intends to diversify the Saudi economy and reduce its reliance on oil, and transportation is a critical component of this transition. Cultural factors in Saudi Arabia are also driving the adoption of ITS technology. The country is experiencing a continuous increase in urbanisation, which is accompanied by increased disposable incomes among its citizens. Along with these advancements, there is an increasing demand for safety and efficiency in transportation networks. These cultural developments have provided favourable conditions for the adoption of ITS technology, which provide solutions for reducing traffic congestion, improving road safety, and increasing overall transportation efficiency. Saudi Arabia leads the Middle Eastern Intelligent Transportation Systems (ITS) market in terms of both size and growth. This distinction is partly due to the nation's ambitious government projects and strong financial capabilities. Unlike its regional peers, Saudi Arabia has launched extensive measures to modernise its transportation infrastructure, launching the ITS sector to new heights. The country's strategic investments and commitment to innovation have established it as a leader in the adoption of cutting-edge transportation technologies. According to the research report "Saudi Arabia Intelligent Transport System Market Research Report, 2029," published by Actual Market Research, the Saudi Arabia Intelligent Transport System market is forecasted reach market size of more than USD 500 Million by 2029. Vision 2030 and mega-events like the planned EXPO 2030 in Riyadh are expected to create significant potential in the Intelligent Transportation Systems (ITS) sector. These projects promote innovation and investment in transportation infrastructure and technology. Furthermore, government efforts such as the National Industrial Strategy and the Saudi Smart Cities program are boosting market growth by creating a favourable environment for the use of ITS solutions. Despite rising demand for ITS solutions, Saudi drivers confront numerous hurdles. Traffic congestion is a big issue in major cities, causing commuters to be delayed and frustrated. Road safety issues remain, as the country has a high rate of traffic accidents. Furthermore, drivers are unaware of the benefits of ITS systems, which limits their widespread adoption. In response to these issues, the Saudi government has taken strong steps to promote the development of ITS. The government is creating the framework for the sector's rise by enacting laws and regulations that encourage investment and stimulate innovation. However, negotiating the regulatory structure can be difficult for new players, creating a barrier to entry into the industry. Despite these limitations, the Saudi ITS market is expected to grow further, owing to government support and changing societal needs.

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Comvision offers an Advanced/Highway Traffic Management System (ATMS/HTMS), a comprehensive solution leveraging cutting-edge technologies to optimise traffic flow on highways, alleviate congestion, monitor incidents, and enhance driver safety. Advanced Traveler Information Systems (ATIS) gather, analyse, and present information to aid travellers in navigating from their origin to destination. Advanced Public Transportation Systems (APTS) encompass advanced navigation and communication technologies enhancing safety, reliability, and convenience in public transportation, providing timely transit information to passengers through Information and Communication Technology (ICT) solutions. Emergency Medical Services (EMS) deliver emergency medical care to individuals with severe illnesses or injuries, commonly referred to as ambulance or paramedic services. Commercial Vehicle Operations (CVO) deploy Intelligent Transportation Systems (ITS) in trucking operations, managing freight and passenger transport and regulatory activities. Automatic Number Plate Recognition (ANPR) utilises computer vision and image processing to automatically scan and identify vehicle licence plates, employing optical character recognition (OCR) and video analytics for data capture. Modes of transportation include roadways, railways, airways, and marine routes, each presenting unique challenges and opportunities for ITS implementation. Components of ITS encompass hardware, software, and services, essential for the seamless integration and operation of intelligent transportation solutions across diverse infrastructures and environments. The Saudi ITS market is distinguished by a mix of established multinational firms and growing local entities, each of which adds to the ecosystem's vibrancy and competitiveness. Companies provide a lot of experience and technological expertise to the market, delivering a varied range of solutions to satisfy the changing needs of transportation stakeholders. Furthermore, local businesses use their knowledge of the home context to develop bespoke ITS solutions that solve specific difficulties in the Kingdom. Furthermore, the entry of new firms into the market demonstrates the growing interest and potential in the ITS sector, which is being driven by the market's positive Research Report and an influx of government investments. Significant advancements in the Saudi transportation sector occurred between 2021 and 2023, indicating a paradigm shift toward the use of modern technologies. In 2021, the Saudi government announced a $10 billion investment in a high-speed rail network, demonstrating its commitment to modernising transportation infrastructure and enhancing connections between major cities. The subsequent announcement of a pilot project for driverless vehicles in Riyadh in 2022 demonstrated the government's proactive stance to embracing emerging technologies to address urban mobility concerns. Furthermore, Saudi Arabia's partnership with Siemens in 2023 to develop a smart mobility ecosystem in Riyadh demonstrated the importance of collaboration between government entities and international stakeholders in driving innovation and sustainable development in the transportation sector. The COVID-19 pandemic initially posed hurdles for Saudi Arabia's ITS sector, resulting in temporary interruptions in supply chains and project timetables.Despite these setbacks, the long-term Research Report for the sector remains positive. The Saudi government's continuous commitment to infrastructure development, together with its tenacity in dealing with the pandemic-related issues, has boosted confidence in the ITS industry. As the country continues to prioritise investments in transportation infrastructure, including ITS solutions, possibilities for growth and innovation are projected to arise in the post-pandemic age.As a result, while the short-term consequences of COVID-19 may have caused some volatility, Saudi Arabia's ITS sector's persistent resilience and forward-thinking strategy are prepared to fuel continued expansion and progress in the coming years. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029

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Aspects covered in this report • Intelligent Transportation market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type • Advanced Traffic Management Systems (ATMS) • Advanced Traveller Information Systems (ATIS) • Advanced Transportation Pricing Systems (ATPS) • Advanced Public Transportation Systems (APTS) • Emergency Medical Systems (EMS) • Commercial Vehicle Operation (CVO) • Automatic Number Plate Recognition (ANPR) By Mode of Transportation • Roadways (Traffic management, Road safety, Parking management, Freight management, Automotive Telematics, Others (Ticketing Management, Emergency Vehicle Notification, Environment Protection, etc.) • Railways (Rail-running Operation and Collision Avoidance, Passenger Information Management, Smart Ticketing, Security Surveillance, Emergency Notification, Others) • Airways (Security & Surveillance, Shuttle Bus Tracking, Traveller Information Management, Smart Ticketing, Aircraft Management, Emergency Notification, Others) • Marine (Freight Arrival & Transit, Real-time Weather Information Tracking, Container Movement Scheduling, Emergency Notification, Others)

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By Component • Hardware (Interface Boards, Sensors, Surveillance Cameras, Telecommunication Networks, Monitoring and Detection Systems, Others (Linked traffic controller & Variable message signboard)) • Software (Visualization Software, Video Detection Management Software, Transit Management Software, Others) • Services (Business and Cloud Services and Support and Maintenance Services) The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Intelligent Transportation industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.