Saudi Arabia's Communication Devices Market to Hit $4.3B by 2030

According to the latest market research study published by P&S Intelligence, the Saudi Arabian communication devices market is projected to generate $3,915.2 million in revenue by 2024, with a compound annual growth rate (CAGR) of 1.7% from 2025 to 2030, reaching $4,326.6 million by 2030.

This growth is largely attributed to the government's Vision 2030 initiative, which aims to modernize infrastructure and diversify the economy. Significant investments in smart city projects are driving the demand for advanced communication devices. Additionally, the expansion of the digital economy-including e-commerce, online education, and remote work-has heightened the need for reliable communication tools. The proliferation of data centers and cloud-based services further contributes to the increasing sales of these devices.

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Key Insights

Device Segmentation

Mobile phones are expected to hold the largest market share at 40% in 2024, driven by their integral role in daily communication, internet access, and multimedia consumption. The rollout of 5G technology is anticipated to boost demand for compatible smartphones. Wearable devices are projected to be the fastest-growing category, reflecting a growing consumer interest in health monitoring and smart accessories.

Technology Adoption

5G technology is set to dominate the market, with an expected share of 70% in 2024 and a CAGR of 3% during 2024-2030. Its high-speed, low-latency capabilities are essential for applications like virtual and augmented reality. The government's allocation of spectrum for 5G services underscores its commitment to rapid deployment.
Price Range Preferences

Mid-range devices are projected to capture the largest market share in 2024 and exhibit the highest growth rate through 2030. Consumers are seeking value-for-money products that offer advanced features without the premium price tag. Technological advancements have enabled mid-range devices to incorporate functionalities previously exclusive to high-end models, such as powerful processors and high-quality cameras.

End-User Dynamics

The consumer segment is anticipated to account for 55% of the market share in 2024, with the highest CAGR during 2025-2030. Factors such as high smartphone penetration, 5G adoption, and increased reliance on digital services for education, entertainment, and commerce are driving this trend. Rising disposable incomes and a growing middle class further support consumer investment in advanced communication devices.

Distribution Channels

Online sales channels are expected to dominate, holding 70% of the market share in 2024 and exhibiting a higher growth rate through 2030. The convenience of online shopping, broader product selections, competitive pricing, and secure payment options are attracting a larger customer base. E-commerce platforms enable consumers to compare prices and access promotional deals more easily than traditional retail outlets.

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Regional Outlook

Al-Riyadh province is projected to be both the largest and fastest-growing market, with a 45% share in 2024 and the highest CAGR during 2025-2030. The expansion of 5G networks, extensive optical fiber infrastructure, and hosting of major tech events like the LEAP Tech Conference are attracting global ICT investments to the region. As the most urbanized and populous province, Al-Riyadh presents significant opportunities for communication device adoption.

Competitive Landscape

The market is fragmented, featuring both local and international companies offering a wide range of communication devices. Major multinational corporations such as Samsung, Apple, and Huawei hold substantial market shares, while local companies also contribute diverse product lines. This competitive environment encourages continuous innovation and varied consumer choices.

The Saudi Arabian communication devices market is poised for steady growth, driven by technological advancements, evolving consumer preferences, and strategic government initiatives aimed at fostering digital transformation.

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This release was published on openPR.