Saudi Arabia Cables Market (2022-2028) | Revenue, Outlook, Forecast, Size, Share, Growth, Industry, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT

Saudi Arabia Cables Market Synopsis

Saudi Arabia Cables Market is anticipated to experience growth during the forecast period. The growth in the cable market is mainly attributed to the increasing demand for telecommunications and data services in the kingdom, as well as advancements in technology that provide enhanced broadband connectivity. However, challenges such as high domestic bandwidth utilization rates and limited fibreoptic capacity are restraining the growth of the cable market in Saudi Arabia. Moreover, security concerns have also been reported to be a major restraint on investments in new cable networks by telecom operators.

According to 6Wresearch, the Saudi Arabia Cables Market size is expected to grow during 2022-2028. Saudi Arabia is a country in the Middle East with a population of over 30 million people. It has a rich natural resource base, including oil and gas reserves, but its economy is hampered by internal political conflicts and strict regulation of the banking and telecommunications sectors. The Saudi Cable industry has been in decline for many years due to the aforementioned reasons, but there are some signs that it may be on the rise again as more technologically advanced networks are being rolled out.

Drivers for the Saudi Arabia Cables Market

The Saudi Arabia Cables Market growth will be driven by the increasing demand for broadband and video services as well as cellular coverage. The government is also focusing on developing renewable energy sources, which will help increase the use of telecoms in rural and remote areas.

The demand for telecommunications infrastructure in the kingdom is growing rapidly due to the increasing population and the need for improved access to healthcare, education, and other essential services.

Amongst other factors, growing consumer spending and increasing business activities are contributing to the growth of the Saudi cable market. In addition, technological advancements are also fuelling this growth as they are providing enhanced connectivity and functionality across various platforms. Additionally, rising investments from foreign companies are also expected to drive this market growth.

• The Saudi government has been supportive of cable network development in the past.
• There is a growing demand for video content in Saudi Arabia.
• Saudi Arabia has a large population that is increasing rapidly.

Challenges for the Saudi Arabia Cables Market

• The cable network infrastructure is outdated and insufficient.
• Political instability has disrupted business operations in the past.
• Lack of competition from other broadcasting and telecommunications services providers hurts the market prospects of cable companies.

Impact of COVID-19 on the Saudi Arabia Cables Market

There was a sharp decline in new investment commitments due to Covid-19. This has led to a decrease in global demand for cables from Saudi Arabia. In addition, there was an increase in prices for existing cables as manufacturers sought to recoup losses from Covid-19. 

Overall, Covid-19 will have a significant impact on the Middle East cable market, reducing global demand and leading to increased prices for existing cables. This will disrupt investments and lead to reduced growth over the next few years.

Market Analysis based on Voltage Type

There are three voltage types used in Saudi Arabia: high, medium, and low. These voltages correspond to the AC power in the Saudi Arabia.

High voltage is used for long distance transmission across deserts and mountains. It is also used in industrial areas, such as oil refineries, because it can travel through metal conduits more easily than other voltages. Medium voltage is used for domestic and commercial purposes. Low voltage is used in villages and small towns where there is not enough demand for high or medium voltage.

Market Analysis based on Installation Type

There are three different installation types for overhead cables in Saudi Arabia Cables Market share: underground, submarine, and aerial. Underground cables are the most common type in Saudi Arabia because they are cheaper and easier to install. Aerial cables are the least common type of cable in Saudi Arabia because they require more land to be covered, and they can be more expensive than other types of cables. Submarine cables are the rarest type of cable in Saudi Arabia because they are more expensive to install, but they offer better performance than aerial or underground cables.

The submarine cables market in Saudi Arabia is projected to be the one of the largest segment in terms of revenue during the forecast period, owing to increasing investments by telecom operators in this space. The submarine cables market was estimated to be worth $1 billion globally and is anticipated to grow during the forecast period.

The terrestrial cable market in Saudi Arabia is projected to grow at a lower rate than that of submarine cables, due to limited infrastructure availability and high installation costs for this type of cable network. However, this segment is expected to witness a growth due to rising broadband penetration rates and increasing demand for services such as video streaming, gaming and smart home applications. The end use segments covered under this category include corporate offices, residential areas and healthcare facilities.

Market Analysis based on End User

Based on End User, the telecommunication segment holds the large share in the Saudi Arabia Cables Market revenue. Saudi Arabia's telecommunication sector is dominated by state-owned entities with around 90% market share and offers competitive prices for broadband services. However, these companies are struggling to cope with increased competition from nongovernmental operators (NGOs) and private players due to tightened regulations on telecoms infrastructure investment, spectrum allocation, roaming charges, etc.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Saudi Arabia Cables Market Outlook
• Market Size of Saudi Arabia Cables Market, 2021
• Forecast of Saudi Arabia Cables Market, 2028
• Historical Data and Forecast of Saudi Arabia Cables Revenues & Volume for the Period 2018 - 2028
• Saudi Arabia Cables Market Trend Evolution
• Saudi Arabia Cables Market Drivers and Challenges
• Saudi Arabia Cables Price Trends
• Saudi Arabia Cables Porter's Five Forces
• Saudi Arabia Cables Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Cables Market Revenues & Volume By Installation Type for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Cables Market Revenues & Volume By Overhead for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Cables Market Revenues & Volume By Underground for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Cables Market Revenues & Volume By Submarine for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Cables Market Revenues & Volume By Voltage Type for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Cables Market Revenues & Volume By High for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Cables Market Revenues & Volume By Medium for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Cables Market Revenues & Volume By Low for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Cables Market Revenues & Volume By End Use for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Cables Market Revenues & Volume By Industrial for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Cables Market Revenues & Volume By Aerospace and Defense for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Cables Market Revenues & Volume By Oil and Gas for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Cables Market Revenues & Volume By Energy and Power for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Cables Market Revenues & Volume By IT and Telecommunication for the Period 2018 - 2028
• Historical Data and Forecast of Saudi Arabia Cables Market Revenues & Volume By Others for the Period 2018 - 2028
• Saudi Arabia Cables Import Export Trade Statistics
• Saudi Arabia Cables Top Companies Market Share
• Saudi Arabia Cables Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Cables Company Profiles
• Saudi Arabia Cables Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Installation Type

• Overhead
• Underground
• Submarine

By Voltage Type

• High
• Medium
• Low

By End Use

• Industrial
• Aerospace And Defense
• Oil And Gas
• Energy & Power
• IT & Telecommunication

Saudi Arabia Cables Market: FAQs