The Saudi Arabia PCB components market size reached USD 260.46 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 678.24 Million by 2033, exhibiting a growth rate (CAGR) of 11.22% during 2025-2033. The market is driven by national efforts to localize electronics manufacturing under Vision 2030 and strengthen industrial independence. Investments in indigenous defense and security electronics is increasing demand for durable, high-performance PCB systems. Simultaneously, the rise of digital infrastructure and smart energy projects is creating sustained opportunities in PCB integration, further augmenting the Saudi Arabia PCB components market share.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 260.46 Million |
Market Forecast in 2033 | USD 678.24 Million |
Market Growth Rate 2025-2033 | 11.22% |
Expanding Electronics Assembly and Localization Initiatives
Saudi Arabia is actively developing a domestic electronics manufacturing base as part of its Vision 2030 strategy, which promotes industrial self-reliance and technology-driven diversification. Government-backed programs such as the National Industrial Development and Logistics Program (NIDLP) are incentivizing local production of consumer electronics, defense systems, and telecommunications equipment, all of which rely on printed circuit board (PCB) components. In 2025, Saudi Arabia’s electronics eCommerce market is projected to generate USD 2.72 billion in revenue, with a CAGR of 10.53% through 2029, reaching USD 4.05 billion. The user base is expected to grow to 19.1 million by 2029, up from a 26.6% penetration rate in 2025 to 48.8%. The average revenue per user (ARPU) stands at USD 274.68. To reduce dependency on imports, Saudi firms are entering technical partnerships with global electronics design and assembly players. This includes investments in SMT (surface-mount technology) lines, testing facilities, and quality assurance labs that enhance component integration capabilities. Local start-ups and manufacturers are targeting niches such as smart meters, IoT modules, and embedded control boards, creating a new layer of demand for PCB assemblies. Furthermore, the establishment of tech zones in Riyadh and NEOM is attracting foreign investment in electronics manufacturing, which benefits upstream PCB suppliers. These industrial policy shifts are supporting a more structured and scalable electronics ecosystem, which is foundational for Saudi Arabia PCB components market growth.
Digital Infrastructure and Renewable Energy Projects
Saudi Arabia’s investments in digital infrastructure, especially 5G networks, smart cities, and data centers, are fueling demand for PCB components that enable signal routing, power management, and system control. Network equipment, base stations, servers, and smart sensors require a wide range of PCBs with high-speed, low-latency, and thermally stable properties. Additionally, the Kingdom’s push toward renewable energy sources, such as solar and wind, involves PCB-based inverters, battery management systems (BMS), and energy monitoring devices. On December 4, 2023, Saudi Arabia reported a 300% increase in installed renewable energy capacity, reaching 2,800 MW, enough to power over 520,000 homes, with 8 GW under construction and 13 GW in development. The Saudi Green Initiative is backed by over USD 188 billion in public and private investments. These applications demand PCBs capable of operating in harsh environmental conditions while maintaining energy conversion efficiency. The Kingdom aims to reduce emissions by 278 million tons per annum by 2030 and has begun operation of 5,600 MW in gas-fired power plants alongside development of an USD 8.4 billion green hydrogen facility in NEOM. Mega-projects like NEOM and The Line are embedding large-scale IoT frameworks, which use PCB-enabled control units across infrastructure, mobility, and energy verticals. The integration of AI-driven controls and machine learning algorithms in utility operations is also generating new needs for adaptive PCB designs. Together, these initiatives are shaping a future-ready technological landscape with PCB components at its operational core.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on component type, PCB type, and end use industry.
Component Type Insights:
The report has provided a detailed breakup and analysis of the market based on the component type. This includes resistors, capacitors, diodes, transistors, integrated circuits (ICs), connectors, and others.
PCB Type Insights:
The report has provided a detailed breakup and analysis of the market based on the PCB type. This includes rigid PCBs, flexible PCBs, and rigid-flex PCBs.
End Use Industry Insights:
The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes consumer electronics, automotive, industrial electronics, healthcare, telecommunications, aerospace and defense, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all major regional markets. This includes Northern and Central Region, Western Region, Eastern Region, and Southern Region.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Component Types Covered | Resistors, Capacitors, Diodes, Transistors, Integrated Circuits (ICs), Connectors, Others |
PCB Types Covered | Rigid PCBs, Flexible PCBs, Rigid-Flex PCBs |
End Use Industries Covered | Consumer Electronics, Automotive, Industrial Electronics, Healthcare, Telecommunications, Aerospace and Defense, Others |
Regions Covered | Northern and Central Region, Western Region, Eastern Region, Southern Region |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: