PUBLISHER: IMARC | PRODUCT CODE: 1347375
PUBLISHER: IMARC | PRODUCT CODE: 1347375
GCC Home Security Systems Market: Industry Trends, Share, Size, Growth, Opportunity And Forecast 2023-2028
Market Overview:
The GCC home security systems market size reached US$ 541.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,560.0 Million by 2028, exhibiting a growth rate (CAGR) of 20.2% during 2023-2028.
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.
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the GCC home security systems market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on residence type, product type, sensor type and installation type.
Breakup by Region:
Saudi Arabia
UAE
Qatar
Kuwait
Oman
Bahrain
On a geographical front, Saudi Arabia and UAE currently hold the majority of the market share on account of increasing security threats and breaches.
Breakup by Residence Type:
Independent Homes
Condominiums
Apartments
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.
Breakup by Product Type:
Video Surveillance
Intruder Alarms
Fire Protection
Access Control
Others
Based on product type, 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.
Breakup by Sensor Type:
Wireless Sensors
Wired Sensors
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.
Breakup by Installation Type:
Professional Installation
DIY Type Installation
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.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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 has been the impact of COVID-19 on 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?
Table of Contents
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 Systems Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Region
- 5.5 Market Breakup by Residence Type
- 5.6 Market Breakup by Product Type
- 5.7 Market Breakup by Sensor Type
- 5.8 Market Breakup by Installation Type
- 5.9 Market Forecast
- 5.10 SWOT Analysis
- 5.10.1 Overview
- 5.10.2 Strengths
- 5.10.3 Weaknesses
- 5.10.4 Opportunities
- 5.10.5 Threats
- 5.11 Value Chain Analysis
- 5.11.1 Overview
- 5.11.2 Research and Development
- 5.11.3 Component Manufacturing
- 5.11.4 Assembling
- 5.11.5 Distribution
- 5.11.6 Retailer
- 5.11.7 Consumer
- 5.12 Porters Five Forces Analysis
- 5.12.1 Overview
- 5.12.2 Bargaining Power of Buyers
- 5.12.3 Bargaining Power of Suppliers
- 5.12.4 Degree of Competition
- 5.12.5 Threat of New Entrants
- 5.12.6 Threat of Substitutes
6 Market Performance by Region
- 6.1 Saudi Arabia
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 United Arab Emirates
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Qatar
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Kuwait
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Oman
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Bahrain
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Performance by Residence Type
- 7.1 Independent Homes
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Condominiums
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Apartments
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Performance by Product Type
- 8.1 Video Surveillance
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Intruder Alarms
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Fire Protection
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Access Control
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Performance by Sensor Type
- 9.1 Wireless Sensors
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Wired Sensors
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Performance by Installation Type
- 10.1 Professional Installation
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 DIY Type Installation
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
11 Competitive Landscape
- 11.1 Market Structure
- 11.2 Profiles of Key Players
List of Figures
- Figure 1: GCC: Home Security Systems Market: Major Drivers and Challenges
- Figure 2: GCC: Home Security Systems Market: Sales Value (in Million US$), 2017-2022
- Figure 3: GCC: Home Security Systems Market: Breakup by Region (in %), 2022
- Figure 4: GCC: Home Security Systems Market: Breakup by Residence Type (in %), 2022
- Figure 5: GCC: Home Security Systems Market: Breakup by Product Type (in %), 2022
- Figure 6: GCC: Home Security Systems Market: Breakup by Sensor Type (in %), 2022
- Figure 7: GCC: Home Security Systems Market: Breakup by Installation Type (in %), 2022
- Figure 8: GCC: Home Security Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: GCC: Home Security Systems Industry: SWOT Analysis
- Figure 10: GCC: Home Security Systems Industry: Value Chain Analysis
- Figure 11: GCC: Home Security Systems Industry: Porter's Five Forces Analysis
- Figure 12: Saudi Arabia: Home Security Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Saudi Arabia: Home Security Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: United Arab Emirates: Home Security Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: United Arab Emirates: Home Security Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Qatar: Home Security Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Qatar: Home Security Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Kuwait: Home Security Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Kuwait: Home Security Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Oman: Home Security Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Oman: Home Security Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Bahrain: Home Security Systems Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Bahrain: Home Security Systems Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: GCC: Home Security Systems (Independent Homes) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: GCC: Home Security Systems (Independent Homes) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: GCC: Home Security Systems (Condominiums) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: GCC: Home Security Systems (Condominiums) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: GCC: Home Security Systems (Apartments) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: GCC: Home Security Systems (Apartments) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: GCC: Home Security Systems (Video Surveillance) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: GCC: Home Security Systems (Video Surveillance) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: GCC: Home Security Systems (Intruder Alarms) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: GCC: Home Security Systems (Intruder Alarms) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: GCC: Home Security Systems (Fire Protection) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: GCC: Home Security Systems (Fire Protection) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: GCC: Home Security Systems (Access Control) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: GCC: Home Security Systems (Access Control) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: GCC: Home Security Systems (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: GCC: Home Security Systems (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: GCC: Home Security Systems (Wireless Sensors) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: GCC: Home Security Systems (Wireless Sensors) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: GCC: Home Security Systems (Wired Sensors) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: GCC: Home Security Systems (Wired Sensors) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: GCC: Home Security Systems (Professional Installation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: GCC: Home Security Systems (Professional Installation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: GCC: Home Security Systems (DIY Type Installation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: GCC: Home Security Systems (DIY Type Installation) Market Forecast: Sales Value (in Million US$), 2023-2028
List of Tables
- Table 1: GCC: Home Security Systems Market: Key Industry Highlights, 2022 and 2028
- Table 2: GCC: Home Security Systems Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 3: GCC: Home Security Systems Market Forecast: Breakup by Residence Type (in Million US$), 2023-2028
- Table 4: GCC: Home Security Systems Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 5: GCC: Home Security Systems Market Forecast: Breakup by Sensor Type (in Million US$), 2023-2028
- Table 6: GCC: Home Security Systems Market Forecast: Breakup by Installation Type (in Million US$), 2023-2028
- Table 7: GCC: Home Security Systems Market: Competitive Structure
- Table 8: GCC: Home Security Systems Market: Key Players
