GCC Home Security Systems Market: Industry Trends, Share, Size, Growth, Opportunity And Forecast 2018-2023

  • ID: 4592369
  • Report
  • 73 pages
  • IMARC Group
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A home security system is installed for securing all the entry points, such as doors and windows, as well as interior space which contains a variety of valuables. Generally, this type of security system includes door and window sensors, wired or wireless security cameras, a high-decibel siren or alarm, motion sensors, and a control panel. The demand for home security systems has been rising across the GCC region on account of increasing awareness among consumers regarding appropriate security needs.“GCC Home Security Systems Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the GCC home security system market reached a value of more than US$ 157 Million in 2017.

Over the past few years, the prices for home security products have been decreasing which has made these systems affordable for a larger population group. This is one of the major factors which is catalysing the growth of the market. Additionally, consumers have started adopting new technologies for the purpose of providing better security to their homes. Along with this, manufacturers have also been coming up with a number of technological innovations which has further contributed to an augmented demand for quality home security systems across the GCC region. Moreover, there are several other factors which have been proactive towards a rapid growth of the home security system market in the GCC region such as the booming construction industry, rise in DIY home security systems, large young population, etc. Looking forward, the market value is projected to exceed US$ 473 Million by 2023, exhibiting a CAGR of around 20% during 2018-2023.

Market Summary:

On a geographical front, Saudi Arabia and UAE currently hold the majority of the market share on account of increasing security threats and breaches. Saudi Arabia and UAE are followed by Kuwait, Qatar, Oman and Bahrain.

On the basis of residence, the market has been segmented into independent homes, condominiums and apartments. Currently, independent homes represent the largest segment on account of rising rate of theft and burglary across the region.

Based on product, the market has been segregated into video surveillance, intruder alarms, fire protection and access control. Amongst these, video surveillance dominates the market as it can be accessed remotely and also provides optimum vigilance.

Currently, there are numerous types of sensors of home security systems which primarily include wireless sensors and wired sensors. Amongst these, wireless sensors have been experiencing a positive growth over the past few years owing to the rapid advancements in technologies.

The GCC home security system market has also been categorised on the basis of installation type which mainly consists of professional installation and DIY type installation.

This report provides a deep insight into the GCC home security system market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the GCC home security system market in any manner.

Key Questions Answered in This Report:
  • How has the GCC home security systems market performed so far and how will it perform in the coming years?
  • What are the key regions in the GCC home security systems market?
  • What are the major residence segments in the GCC home security systems market?
  • Which are the popular products in the GCC home security systems market?
  • What are the different types of sensors in the GCC home security systems market?
  • What is the breakup of the GCC home security systems market on the basis of installation type?
  • What are the various stages in the value chain of the GCC home security systems market?
  • What are the key driving factors and challenges in the GCC home security systems market?
  • What is the structure of the GCC home security systems market and who are the key players?
  • What is the degree of competition in the GCC home security systems market?
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1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 GCC Home Security Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Region
5.4 Market Breakup by Residence Type
5.5 Market Breakup by Product Type
5.6 Market Breakup by Sensor Type
5.7 Market Breakup by Installation Type
5.8 Market Forecast
5.9 SWOT Analysis
5.9.1 Overview
5.9.2 Strengths
5.9.3 Weaknesses
5.9.4 Opportunities
5.9.5 Threats
5.10 Value Chain Analysis
5.10.1 Overview
5.10.2 Research and Development
5.10.3 Component Manufacturing
5.10.4 Assembling
5.10.5 Distribution
5.10.6 Retailer
5.10.7 Consumer
5.11 Porters Five Forces Analysis
5.11.1 Overview
5.11.2 Bargaining Power of Buyers
5.11.3 Bargaining Power of Suppliers
5.11.4 Degree of Competition
5.11.5 Threat of New Entrants
5.11.6 Threat of Substitutes

6 Market Performance by Region
6.1 Saudi Arabia
6.2 United Arab Emirates
6.3 Qatar
6.4 Kuwait
6.5 Oman
6.6 Bahrain

7 Market Performance by Residence Type
7.1 Independent Homes
7.2 Condominiums
7.3 Apartments

8 Market Performance by Product Type
8.1 Video Surveillance
8.2 Intruder Alarms
8.3 Fire Protection
8.4 Access Control
8.5 Others

9 Market Performance by Sensor Type
9.1 Wireless Sensors
9.2 Wired Sensors

10 Market Performance by Installation Type
10.1 Professional Installation
10.2 DIY Type Installation

11 Competitive Landscape
11.1 Market Structure
11.2 Profiles of Key Players

List of Figures
Figure 1: GCC: Home Security Sytems Market: Major Drivers and Challenges
Figure 2: GCC: Home Security Sytems Market: Sales Value (in US$ Million), 2010-2017
Figure 3: GCC: Home Security Sytems Market: Breakup by Region (in %), 2017
Figure 4: GCC: Home Security Sytems Market: Breakup by Residence Type (in %), 2017
Figure 5: GCC: Home Security Sytems Market: Breakup by Product Type (in %), 2017
Figure 6: GCC: Home Security Sytems Market: Breakup by Sensor Type (in %), 2017
Figure 7: GCC: Home Security Sytems Market: Breakup by Installation Type (in %), 2017
Figure 8: GCC: Home Security Sytems Market Forecast: Sales Value (in US$ Million), 2018-2023
Figure 9: GCC: Home Security Sytems Industry: SWOT Analysis
Figure 10: GCC: Home Security Sytems Industry: Value Chain Analysis
Figure 11: GCC: Home Security Sytems Industry: Porter’s Five Forces Analysis
Figure 12: Saudi Arabia: Home Security Sytems Market: Sales Value (in US$ Million), 2010, 2017 & 2023
Figure 13: Saudi Arabia: Home Security Sytems Market: Sales Value (in US$ Million), 2010, 2017 & 2023
Figure 14: Qatar: Home Security Sytems Market: Sales Value (in US$ Million), 2010, 2017 & 2023
Figure 15: Kuwait: Home Security Sytems Market: Sales Value (in US$ Million), 2010, 2017 & 2023
Figure 16: Oman: Home Security Sytems Market: Sales Value (in US$ Million), 2010, 2017 & 2023
Figure 17: Bahrain: Home Security Sytems Market: Sales Value (in US$ Million), 2010, 2017 & 2023
Figure 18: GCC: Home Security Sytems Market (Independent Homes): Sales Value (in US$ Million), 2010, 2017 & 2023
Figure 19: GCC: Home Security Sytems Market (Condominiums): Sales Value (in US$ Million), 2010, 2017 & 2023
Figure 20: GCC: Home Security Sytems Market (Apartments): Sales Value (in US$ Million), 2010, 2017 & 2023
Figure 21: GCC: Home Security Sytems Market (Video Surveillance): Value Trend (in US$ Million), 2010, 2017 & 2023
Figure 22: GCC: Home Security Sytems Market (Intruder Alarms): Value Trend (in US$ Million), 2010, 2017 & 2023
Figure 23: GCC: Home Security Sytems Market (Fire Protection Systems): Value Trend (in US$ Million), 2010, 2017 & 2023
Figure 24: GCC: Home Security Sytems Market (Access Control Systems): Value Trend (in US$ Million), 2010, 2017 & 2023
Figure 25: GCC: Home Security Sytems Market (Others Products): Value Trend (in US$ Million), 2010, 2017 & 2023
Figure 26: GCC: Home Security Sytems Market (Wireless Sensors): Value Trend (in US$ Million), 2010, 2017 & 2023
Figure 27: GCC: Home Security Sytems Market (Wired Sensors): Value Trend (in US$ Million), 2010, 2017 & 2023
Figure 28: GCC: Home Security Sytems Market (Professional Installation): Value Trend (in US$ Million), 2010, 2017 & 2023
Figure 29: GCC: Home Security Sytems Market (DIY Type Installation): Value Trend (in US$ Million), 2010, 2017 & 2023

List of Tables
Table 1: GCC: Home Security Sytems Market: Key Industry Highlights, 2017 and 2023
Table 2: GCC: Home Security Sytems Market Forecast: Breakup by Region (in US$ Million), 2018-2023
Table 3: GCC: Home Security Sytems Market Forecast: Breakup by Residence Type (in US$ Million), 2018-2023
Table 4: GCC: Home Security Sytems Market Forecast: Breakup by Product Type (in US$ Million), 2018-2023
Table 5: GCC: Home Security Sytems Market Forecast: Breakup by Sensor Type (in US$ Million), 2018-2023
Table 6: GCC: Home Security Sytems Market Forecast: Breakup by Installation Type (in US$ Million), 2018-2023
Table 7: GCC: Home Security Sytems Market: Competitive Structure
Table 8: GCC: Home Security Sytems Market: Key Players
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