The Fiber Optics market in Saudi Arabia is poised for substantial growth in the foreseeable future. This expansion is anticipated to be driven by several factors, including the robust growth of the ICT sector, which has already surpassed $40.9 billion and contributed 4.1% to the Kingdom's GDP. Additionally, the country's burgeoning infrastructure, bolstered by investments totaling $1 trillion, is expected to play a pivotal role in driving market expansion. These investments are part of a broader development agenda aimed at diversifying the economy away from reliance on oil, aligning with the goals outlined in Vision 2030.
Saudi Arabia seeks to establish itself as a global investment and logistics hub, with initiatives such as smart cities, tourism, and clean energy projects strategically positioned across the Kingdom to capitalize on emerging opportunities. These developments present promising prospects for the Fiber Optics market, as they create a conducive environment for the adoption of advanced technologies and the expansion of telecommunications infrastructure to support the Kingdom's economic diversification efforts.
According to the research, Saudi Arabia Fiber Optics Market Volume is projected to grow at a CAGR of 9.4% during 2024-2030. The Fiber optics market in Saudi Arabia has witnessed significant growth in recent years, fueled by substantial capital investments exceeding $24.8 billion in digital infrastructure over the past six years. This investment has led to notable enhancements in service quality, including a doubling of mobile internet speeds to 181 Mbps.
Additionally, the widespread adoption of 5G technology has further catalyzed market expansion. The Communications, Space, and Technology Commission of Saudi Arabia has reported a remarkable 5G coverage rate of 53 percent, with Riyadh emerging as a global leader with a coverage rate exceeding 94%. Moreover, the surge in mobile subscriptions to 172% of the population, surpassing the global average by 36 percent, underscores the nation's increasing digital connectivity. Furthermore, with the Saudi e-commerce market valued at $5.15 billion and representing 6% of the country's retail market, coupled with ambitious projects like NEOM and the Red Sea, the demand for Fiber optics is expected to continue its upward trajectory.
Saudi Arabia seeks to establish itself as a global investment and logistics hub, with initiatives such as smart cities, tourism, and clean energy projects strategically positioned across the Kingdom to capitalize on emerging opportunities. These developments present promising prospects for the Fiber Optics market, as they create a conducive environment for the adoption of advanced technologies and the expansion of telecommunications infrastructure to support the Kingdom's economic diversification efforts.
According to the research, Saudi Arabia Fiber Optics Market Volume is projected to grow at a CAGR of 9.4% during 2024-2030. The Fiber optics market in Saudi Arabia has witnessed significant growth in recent years, fueled by substantial capital investments exceeding $24.8 billion in digital infrastructure over the past six years. This investment has led to notable enhancements in service quality, including a doubling of mobile internet speeds to 181 Mbps.
Additionally, the widespread adoption of 5G technology has further catalyzed market expansion. The Communications, Space, and Technology Commission of Saudi Arabia has reported a remarkable 5G coverage rate of 53 percent, with Riyadh emerging as a global leader with a coverage rate exceeding 94%. Moreover, the surge in mobile subscriptions to 172% of the population, surpassing the global average by 36 percent, underscores the nation's increasing digital connectivity. Furthermore, with the Saudi e-commerce market valued at $5.15 billion and representing 6% of the country's retail market, coupled with ambitious projects like NEOM and the Red Sea, the demand for Fiber optics is expected to continue its upward trajectory.
Market Segmentation By End User
The telecom sector emerges as the primary driver of the Saudi Arabia Fiber optic market among end-users, propelled by the liberalization of the telecom industry, which has facilitated the participation and competition of international firms. Moreover, the country has unveiled a substantial investment of USD 51 billion across eight companies as part of the Shareek program, initiated in March 2021, aimed at bolstering large companies' contributions to achieving the economic targets outlined in 'Vision 2030’.Key Attractiveness of the Report
- 10 Years Market Numbers.
- Historical Data Starting from 2020 to 2023.
- Base Year: 2023
- Forecast Data until 2030.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Saudi Arabia Fiber Optics Market Overview
- Saudi Arabia Fiber Optics Market Outlook
- Historical Data and Forecast of Saudi Arabia Fiber Optics Market Revenues
- Saudi Arabia Fiber Optics Market Ecosystem
- Saudi Arabia Fiber Optics Market PESTEL Analysis
- Market Drivers and Restraints
- Saudi Arabia Fiber Optics Market, Prominent Buying Channel
- Saudi Arabia Fiber Optics Market, Value Chain Ecosystem Analysis
- Saudi Arabia Fiber Optics Market -Identifying Major Companies under various end-user segment and analysing their demand
- Market Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
- EXIM Data
- Distributor Mapping
- Porter’s Five Forces
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:By End-Users
- Telcos & Internet Service Providers (ISPs)
- Data Centers
- Government
- Utilities
- Industry
Table of Contents
1. Executive Summary
2. Introduction
3. Saudi Arabia Fibre Optics Market Overview
4. Saudi Arabia Fibre Optics Market Dynamics
5. Saudi Arabia Fibre Optics Market Overview, By End-Users
6. Saudi Arabia Fibre Optics Market -Prominent Buying Channel (Nomination Basis, Distribution Network, Competitive RFP, etc) for Major End-Users
7. Saudi Arabia Fibre Optics Market -Value Chain Ecosystem Analysis
12. Saudi Arabia Fibre Optics Market - Competitive Landscape
13. Company Profiles
List Of Figures
List of Tables
Companies Mentioned
- Riyadh Cables Group
- Middle East Fibre Cable Manufacturing Co.
- Saudi Cable Company
- Nexans S.A
- Corning Inc.
- Belden Inc.
- ZTT International Ltd.
