The Middle East telecommunications market is set to continue its upward trajectory, driven by increasing demand for telecom instruments. However, growth is expected to slow, with a forecasted CAGR of 0.9% for market volume and 1.8% for market value from 2024 to 2035. By 2035, the market volume is projected to reach 587K units, while the market value is expected to rise to $2.4 billion.
In 2024, telecommunications consumption in the region was estimated at 533K units, reflecting a 5.4% increase compared to 2023. The market value was $2 billion, rising 4.8% from the previous year. Iran, Turkey, and Saudi Arabia were the largest consumers of telecom instruments in the region, with Iran leading in value, followed by Turkey and Saudi Arabia.
While production in the Middle East reached 517K units in 2024, the region faces challenges, including modest growth in exports. Israel remains the largest exporter, accounting for 66% of total exports, with Saudi Arabia and the UAE trailing behind. Despite a decline in export volumes, export prices saw a significant increase, driven by higher prices in Israel and the UAE.
Key Market Insights:
- Telecommunications Consumption: The Middle East consumed 533K units of telecom instruments in 2024, with Iran, Turkey, and Saudi Arabia leading in consumption.
- Market Value Growth: The market value is set to reach $2.4 billion by 2035, with a slower but steady increase in market value and volume.
- Production & Exports: Israel is the largest exporter, with Saudi Arabia showing significant growth in exports.
As the demand for telecom instruments continues to rise, the market remains poised for incremental growth, but with a decelerating growth rate due to fluctuations in key markets and production dynamics.
