The Asia-Pacific telecommunications instruments market is projected to reach 4.9 million units and a value of $12.3 billion by the end of 2035. The growth is driven by increasing demand in the region, with a forecasted compound annual growth rate (CAGR) of +2.0% in volume and +1.4% in value from 2024 to 2035.
Despite the overall upward trend, consumption in 2024 declined by -5.8% to 3.9 million units, following three years of growth. The market value also decreased by -10.2% to $10.5 billion. Consumption reached a peak of 4.4 million units in previous years, but the market has since faced challenges in regaining momentum.
Key Consumer Countries
China remains the largest consumer of telecommunications instruments in the region, accounting for 46% of the total volume with 1.8 million units. India follows at a distant second with 475,000 units, and Pakistan ranks third with 285,000 units. China has also experienced the highest growth rate, with an average annual increase of +6.8% from 2013 to 2024. In terms of market value, Japan leads with $4.6 billion, followed by India at $1.5 billion.
Production Trends
Asia-Pacific’s production of telecommunications instruments grew by 6.5% in 2024, reaching 6.5 million units. China remains the dominant producer, accounting for 51% of the region’s total production, followed by Malaysia with 654,000 units. However, production in the region has not regained the peak volumes seen in 2020.
Imports and Exports
The imports of telecommunications instruments in Asia-Pacific dropped significantly by -42.7% in 2024, totaling 724,000 units. The value of imports, however, increased by 42.7% to $2.6 billion. India, Malaysia, and the Philippines are the primary importers in the region.
In terms of exports, Asia-Pacific experienced a 3.1% growth, with a total of 3.3 million units exported in 2024. China remains the largest exporter, accounting for 48% of total exports, followed by Malaysia and Taiwan. However, export prices in the region have continued to decline, with a notable decrease of -19.2% in 2024, reflecting a consistent downward trend since 2013.
Market Outlook
As the telecommunications instruments market continues to evolve in Asia-Pacific, the demand for these products is expected to rise steadily, although the pace of growth may slow in the coming years. The sector is likely to face challenges in terms of balancing production costs, imports, and the development of new technologies to meet future demand.
With China leading in both consumption and production, followed by strong performances from Japan and Malaysia, the Asia-Pacific region remains the largest player in the global telecommunications instruments market. However, countries like India, Pakistan, and the Philippines are also emerging as key growth markets in terms of both consumption and import activities.
