Saudi Arabia Consumer Electronics Market Size & Outlook
Saudi Arabia consumer electronics market, 2018-2030 (US$M)
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Saudi Arabia consumer electronics market highlights
- The Saudi Arabia consumer electronics market generated a revenue of USD 13,187.6 million in 2023 and is expected to reach USD 25,587.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 9.9% from 2024 to 2030.
- In terms of segment, smartphones was the largest revenue generating product in 2023.
- E-readers is the most lucrative product segment registering the fastest growth during the forecast period.
Consumer electronics market data book summary
| Market revenue in 2023 | USD 13,187.6 million |
| Market revenue in 2030 | USD 25,587.7 million |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | Smartphones |
| Fastest growing segment | E-readers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smartphones, Tablets, Desktops, Laptops/Notebooks, Digital Cameras, Hard Disk Drives, Television, E-readers |
| Key market players worldwide | Apple Inc, Asustek Computer Inc DR, BlackBerry Ltd, Canon Inc, Dell Technologies Inc Ordinary Shares - Class C, Alphabet Inc Class A, HP Inc, HTC Corp DR, Huawei Technologies, Lenovo Group Ltd, LG Electronics Inc ADR, Motorola Solutions Inc, Nikon Corp, Panasonic Holdings Corp, Samsung Electronics Co Ltd, Seagate Technology Holdings PLC, Sony Group Corp, Toshiba Corporation, ZTE Corp Class H |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.2% of the global consumer electronics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa consumer electronics market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 25,587.7 million by 2030.
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Consumer Electronics Market Scope
Consumer Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia consumer electronics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to consumer electronics market will help companies and investors design strategic landscapes.
Smartphones was the largest segment with a revenue share of 51.25% in 2023. Horizon Databook has segmented the Saudi Arabia consumer electronics market based on smartphones, tablets, desktops, laptops/notebooks, digital cameras, hard disk drives, television, e-readers covering the revenue growth of each sub-segment from 2018 to 2030.
The government of Saudi Arabia’s initiative, Vision 2030, aims to establish a cutting-edge and robust digital architecture through digital education, e-commerce, digital health, national data, smart cities, and e-government, which is attracting major players to the market.
For instance, in December 2022, Hisense International, a global home appliance and consumer electronics company, announced a strategic partnership with United Matbouli Group, a renowned consumer electronics distributor in Saudi Arabia, with the aim to expand the reach and availability of its consumer electronics products and provide the best brand experience to its customers in the Saudi Arabian market.
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Our clientele includes a mix of consumer electronics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia consumer electronics market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia consumer electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia consumer electronics market size, by product, 2018-2030 (US$M)
Saudi Arabia Consumer Electronics Market Outlook Share, 2023 & 2030 (US$M)
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