Saudi Arabia MICE Market Share, Size & Competitive Landscape Report 2030

Saudi Arabia MICE Market Size & Insights

As per recent study by MarkNtel Advisors Saudi Arabia MICE Market size was valued at around USD 2.6 billion in 2024 and is projected to reach USD 4.6 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 11% during the forecast period, i.e., 2025-30. 

What are the Key DROs in the Saudi Arabia MICE Market?

Growing Number of Sports Events Driving Market Growth – The focus is continuously growing on hosting the important national and international athletics & sporting events by the government, playing an important role in the growing MICE market of the country. The country has already shown its strength in the global sports stage by hosting events like; Formula E, WWE Super Showdown, Dakar Rally, and the Saudi Pro-Golf Championship. The crowd attracted by these events is quite large and diverse combining athletes, audiences, media, and sponsors. It creates a huge demand for transportation, hospitality, and event management services. The continuous influx of national and international visitors, sponsors, etc. also led by the tradeshows, conferences, and exhibitions that help in directly uplifting the MICE industry.

Further, in continuance of Vision 2030, the investments in building strong sports infrastructure that combines artistic stadiums, hotels, and transportation networks which are the foundation of these events are boosting the market demand. They are led by the goal of tourism promotion and economic diversification. Also, by 2030, the tourism sector owing to such events is projected to attract around 150 million visitors annually, and the country is poised to capitalize on increased global attention. Further, the influx of international visitors to these events led to the enhancement of the position of Saudi Arabian MICE facility-providing companies for which the surge in sports events remains the primary driver for the industry.

What are the Key Segments in the Saudi Arabia MICE Market?

The Saudi Arabia MICE is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

• By Component
  • Hardware- Market Size & Forecast 2020-2030, USD Million
    • Sensors- Market Size & Forecast 2020-2030, USD Million
    • Interface Boards- Market Size & Forecast 2020-2030, USD Million
    • Surveillance Cameras- Market Size & Forecast 2020-2030, USD Million
    • Monitoring & Detection System- Market Size & Forecast 2020-2030, USD Million
    • Telecommunication Network- Market Size & Forecast 2020-2030, USD Million
    • Others (Electronic Toll Collection (ETC) Systems, Variable Message Signs (VMS), etc.) - Market Size & Forecast 2020-2030, USD Million
  • Software- Market Size & Forecast 2020-2030, USD Million
    • Visualization Software- Market Size & Forecast 2020-2030, USD Million
    • Transit Management System- Market Size & Forecast 2020-2030, USD Million
    • Video Detection Management Software- Market Size & Forecast 2020-2030, USD Million
    • Others (Fleet Management Software, Smart Parking Software, etc.) - Market Size & Forecast 2020-2030, USD Million
  • Services- Market Size & Forecast 2020-2030, USD Million
    • Professional- Market Size & Forecast 2020-2030, USD Million
    • Managed- Market Size & Forecast 2020-2030, USD Million
• By Type
  • Advanced Public Transportation System (APTS) - Market Size & Forecast 2020-2030, USD Million
  • Advanced Traffic Management System (ATMS) - Market Size & Forecast 2020-2030, USD Million
  • Advanced Traveler Information System (ATIS) - Market Size & Forecast 2020-2030, USD Million
  • Advanced Transport Pricing System (ATPS) - Market Size & Forecast 2020-2030, USD Million
  • Advanced Rural Transportation System (ARTS) - Market Size & Forecast 2020-2030, USD Million
  • Commercial Vehicle Operation (CVO) - Market Size & Forecast 2020-2030, USD Million
  • Others (Emergency Vehicle Priority (EVP) Systems, Intelligent Parking Management System, etc.) - Market Size & Forecast 2020-2030, USD Million
• By Application
  • Roadways - Market Size & Forecast 2020-2030, USD Million
    • Intelligent Traffic Control- Market Size & Forecast 2020-2030, USD Million
      • Traffic Monitoring Systems- Market Size & Forecast 2020-2030, USD Million
      • Traffic Signal Control Systems- Market Size & Forecast 2020-2030, USD Million
      • Traffic Enforcement Cameras- Market Size & Forecast 2020-2030, USD Million
      • Variable Traffic Message Signboards- Market Size & Forecast 2020-2030, USD Million
    • Collision Avoidance- Market Size & Forecast 2020-2030, USD Million
    • Parking Management- Market Size & Forecast 2020-2030, USD Million
    • Passenger Information Management- Market Size & Forecast 2020-2030, USD Million
    • Ticketing Management- Market Size & Forecast 2020-2030, USD Million
    • Emergency Vehicle Notification- Market Size & Forecast 2020-2030, USD Million
    • Automotive Telematics- Market Size & Forecast 2020-2030, USD Million
    • Fleet Management and Asset Monitoring- Market Size & Forecast 2020-2030, USD Million
  • Railways- Market Size & Forecast 2020-2030, USD Million
    • Rail-running Operation and Collision Avoidance- Market Size & Forecast 2020-2030, USD Million
    • Passenger Information Management- Market Size & Forecast 2020-2030, USD Million
    • Smart Ticketing- Market Size & Forecast 2020-2030, USD Million
    • Security & Surveillance- Market Size & Forecast 2020-2030, USD Million
    • Emergency Notification- Market Size & Forecast 2020-2030, USD Million
    • Others (Railway Traffic Management, Predictive Maintenance, etc.) - Market Size & Forecast 2020-2030, USD Million
  • Airways- Market Size & Forecast 2020-2030, USD Million
    • Security & Surveillance- Market Size & Forecast 2020-2030, USD Million
    • Traveler Information Management- Market Size & Forecast 2020-2030, USD Million
    • Smart Ticketing- Market Size & Forecast 2020-2030, USD Million
    • Aircraft Management- Market Size & Forecast 2020-2030, USD Million
    • Emergency Notification- Market Size & Forecast 2020-2030, USD Million
    • Others (Flight Planning and Optimization, Aircraft Diagnostics and Health Monitoring, etc.) - Market Size & Forecast 2020-2030, USD Million
  • Maritime- Market Size & Forecast 2020-2030, USD Million
    • Freight Arrival & Transit- Market Size & Forecast 2020-2030, USD Million
    • Real-time Weather Information Tracking- Market Size & Forecast 2020-2030, USD Million
    • Container Movement Scheduling- Market Size & Forecast 2020-2030, USD Million
    • Emergency Notification- Market Size & Forecast 2020-2030, USD Million
    • Others (Marine Traffic Analytics, Maritime Security, etc.) - Market Size & Forecast 2020-2030, USD Million
• By Deployment
  • Cloud- Market Size & Forecast 2020-2030, USD Million
  • On-Premise- Market Size & Forecast 2020-2030, USD Million
• By End User
  • Traffic Management
  • Freight Management
  • Road Tolling System
  • Road Safety and Security
  • Public Transport
  • Environment Protection
  • Parking Management
  • Others (Automotive Telematics, etc.)

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By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Globally, North America dominated the industry with the largest market share during the historical period and is anticipated to continue in the same trend in the forecast period.

Who are the Key Players in Saudi Arabia MICE Market?

Denso Corporation, Iteris, Lanner Electronics, Agero, EFKON, Cisco, Flir System, Siemens, TransCore, Citilog, Hitachi, Ltd, Garmin Ltd, Sensys Networks, Inc., Kapsch TrafficCom AG, IBI Group, Others

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Saudi Arabia MICE Market News

• In April 2023, Siemens unveiled a digital model of next-generation FREYR Battery factories developed using NVIDIA technology at the Hannover Messe 2023 trade show.
• In March 2023, Denso Corporation and Toyota Motor Corporation signed an agreement with Electron, an Israel-headquartered wireless charging development company, to jointly develop an advanced wireless vehicle kit (vehicle receiver) and promote wireless technology.

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Why This MarkNtel Advisors Research Report:

• In-depth Market Analysis: Understand trends and dynamics shaping growth.
• Segmented Insights: Target specific segments for focused strategies.
• Geographical Performance: Assess market opportunities by geographic area.
• Emerging Technologies: Discover advancements like AI integration.
• Risk Identification: Pinpoint challenges to inform strategic planning.
• Future Forecasts: Prepare for market changes with actionable projections.

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