New Market Study, "Optical Instruments and Photographic Equipment in Saudi Arabia: Industrial Report", Has Been Published
The market grew by a CAGR of 8% over 2007-2012 to reach a value of SR1.2 billion by 2012. This industry in Saudi Arabia is quite small and foreign suppliers satisfy most of the demand with import penetration standing at 89% in 2012. The industry is fragmented with the two largest companies representing approximately one-tenth of total production. Efforts to improve road safety are likely to increase demand for optical equipment for traffic surveillance cameras. The industry is expected to...
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