OREANDA-NEWS. RnR Market Research Offers Report by Research on Saudi Arabia Consumer Electronics Report Q3 2016.

BMI View: Consumer electronics device spending growth in Saudi Arabia is forecast to be modest, at a CAGR of just 1% over 2016-2020. By 2016 most device categories are mature, with high penetration rates for products that had been driving growth such as smartphones and tablets, meaning spending will be determined for the most part by replacement purchases. In addition, the uncertain economic outlook presents downside, particularly if the oil price turns down again and puts pressure on Saudi public spending programs. The overall outlook is quite weak, but there are select opportunities, for instance, highend smartphones and OLED TV sets.

Latest Updates & Industry Developments

- Computer Hardware Sales: Set to decrease from USD4.29bn in 2016 to USD4.19bn in 2020, a CAGR of -0.6%. Saturation of the retail PC market and replacement spending cannibalisation by smartphones limits the potential of the computer hardware segment, which will be exacerbated by domestic economic weaknesses.