Monsha'at releases report on prototyping and its role in product innovation

The General Authority for Small and Medium Enterprises (Monsha’at) has released its prototyping report, outlining opportunities and developments in the field both locally and globally, and examining its role in product development, accelerating innovation, and reducing risks associated with turning ideas into testable and developable products and solutions.

According to Monsha’at on its X platform account, the report states that the global product prototyping market is projected to reach 86.66 billion riyals (SAR) in 2025, and is expected to grow to 165.7 billion riyals by 2031, with a compound annual growth rate of 11.41% between 2026 and 2031. This growth is driven by changing product development patterns, rapid industrial innovation, and increased reliance on advanced manufacturing technologies.

On the local level, the report notes that the 3D printing market in Saudi Arabia is expected to reach 1.20 billion riyals in 2025, with forecasts indicating it will grow to 6.47 billion riyals by 2034, at a compound annual growth rate of 20.52% from 2026 to 2034. The technology is being adopted across sectors including aviation, automotive, education, healthcare, and manufacturing.

The report also reveals that companies incubated at Monsha’at’s Innovation Center have generated over 300 million riyals in revenue. The center has supported the development of 263 prototypes and products, benefiting more than 8,062 entrepreneurs and innovators through specialized services and programs.

The report highlights Monsha’at’s support for prototyping through innovation centers, prototyping labs, business incubators and accelerators, as well as specialized technical and commercial consulting. It also facilitates access to funding and investment programs, helping projects improve their readiness and develop their products.

The report discusses the importance of prototyping in innovation ecosystems, its role in accelerating idea development, aligning solutions with user needs, and supporting evidence-based decision making. It also outlines the prototyping journey, from idea assessment and needs identification to building, testing, and refining prototypes.

Described as a comprehensive reference for those interested in prototyping, the report is part of Monsha’at’s efforts to enhance prototyping efficiency, develop technical infrastructure and labs, encourage investment in the sector, and strengthen partnerships between entrepreneurs and service providers. The full report is available at the following link:

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