The report titled “Middle
East Electronic Security Market Outlook to 2021 – Video Surveillance
Systems and Integrated Security Solutions to Drive Market Growth”
provides a comprehensive analysis of electronic security market in
Middle East. The report focuses on overall market size for sale of
electronic security equipments in Middle East region (Turkey, UAE, Saudi
Arabia, Qatar and others), segmentation on the basis of type of product
(CCTV, intrusion alarm, access control, fire alarm and others),
sub-segmentation on the basis of technology and by sector of
application. The report also covers major players, role of consultants
and system integrators, decision making matrix, trends and developments.
The report concludes with market projection for future and analyst
recommendation highlighting the major opportunities and cautions.
Middle East Electronic Security Market
Middle East electronic security market had grown almost two fold in six years. In 2011, market was estimated at USD ~ million and increased to USD ~ million in 2016 registering a five year CAGR of ~%. Infrastructure, hospitality, and real estate were the key sectors to use electronic security devices. Rise in demand for facilities management, number of visitors at mega malls, hotels and amusement parks in Middle East region were some other key factors driving the growth in market.
Turkey was the largest market for electronic security devices in the Middle East region with market share of ~% in 2016. It was followed by Saudi Arabia which toppled UAE to gain the second position in terms of revenue generation from sale of electronic devices. UAE was the third largest market followed by Qatar. Other countries contributed remaining ~% of the market share.
CCTV was the most demanded electronic security device with an estimated market size of USD ~ million in 2016 with market share of ~% while sale of fire alarms generated revenue of USD ~ million. Market for access control devices was estimated at USD ~ million. The demand from new smart homes and offices had registered significant increase in demand. The market for intrusion alarm system in Middle East was estimated at USD ~ million with a market share of ~ %. These devices find use in both commercial and residential buildings.
Turkey Electronic Security Market:
Turkey electronic security market was estimated at USD ~ million in 2011 which increased to USD ~ million in 2016 registering 5 year CAGR of ~%. Large quantities of perimeter security and video surveillance systems were put in place in newly constructed apartments to attract customers for whom the safety had always been the key feature. Growth was mainly driven by IP-based video surveillance systems. Several large distributors began to dominate the local market. As opposed to the earlier distributors who use European manufacturers, these companies imported and distributed products mainly from Asian manufacturers making it more accessible and affordable to Turkish people. Key sectors using electronic security devices were government offices and transportation (~%), commercial offices and buildings (~%), banking and financial sector (~%), industrial sector ~%, residential sector (~%), hospitals and hospitality (~%), organized retail (~%) and other (~%).
Saudi Arabia Electronic Security Market: Jeddah, Riyadh and the adjoining areas was the most important market for electronic security devices in the country due to huge volume of commercial and real estate development. Market for video surveillance was the highest followed by fire alarms. Motion sensors, infrared beam sensors, and seismic detectors were other major intrusion alert system used in Saudi Arabia. Pin based access control dominated the market for access control in 2016 with ~% of revenue coming from such equipments. Honeywell was the leading electronics security provider in Saudi Arabia. Bosch was the second largest player. Pelco, Axis, Siemens, Avigilon Corporation, Hikvision Digital Technology Co. Ltd., Samsung Techwin Co Ltd were some other major companies operating in Saudi Arabia electronic security market. It is expected that revenue generation will increase to USD ~ million in 2021.
UAE Electronic Security Market: In 2011, UAE electronic security market was estimated at USD ~ million which increased to USD ~ million in 2016. CCTV sales generated revenue of USD ~ million. Fire alarm system constituted ~% of UAE electronic security market. Intrusion alarms accounted for ~% of electronic security system market in UAE and generated revenue of USD ~ million in 2016. Access control system had market share of ~% on the basis of revenue. Commercial office application has accounted for the largest share in access control market followed by the government and transportation segment. Honeywell was the leading player in UAE electronic security market with market share of ~% on the basis of revenue in 2016. Bosch, Tyco, Pelco, and Siemens along with Hikvision, Axis, Dahua are some other key players in UAE security market.
Qatar Electronic Security Market: Electronic security market in Qatar is still in developing stage. In 2016 it was estimated at USD ~ million. Majority of the demand was mainly driven by oil and gas industry and related activities which dominates the Qatar economy. CCTV and access control systems were the two major segments that dominated the market. Honeywell for access control was among the major player operating in Qatar access control market in 2016. Fire alarms were the third most installed electronic security devices in Qatar market on the basis of revenue. Axis, Pelco, Hikvision, Simplex, Bosch were some key players in Qatar Market.
Future Outlook
Middle East electronic security market was estimated to register a five year CAGR of ~% during 2016-2021.Market is expected to generate an estimated revenue of USD ~ million in 2021. Future mega events, such as the 2020 World Expo and the 2022 Football World Cup, crowd control and traffic management is expected to be key drivers for spiked demand for electronic security equipments in the region. Regulation regarding installation of electronic security in other countries like Oman, Morocco, Turkey, Kuwait and others is expected to create additional demand in future.
Key Topics Covered in the Report.
https://www.kenresearch.com/defense-and-security/security-devices/middle-east-electronic-security-market/92199-16.html
Related Reports
India Electronic Security Industry Potential to 2020 - Growing System Integrators Market with Real Estate Development in Upcoming Smart Cities
China Electronic Security Market Outlook to 2019 - Public Infrastructure Spending and Innovations to Drive the Future
Malaysia Electronic Security Equipment Industry Outlook to 2018 - Increasing Demand for CCTV Cameras to Spur Growth
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Middle East Electronic Security Market
Middle East electronic security market had grown almost two fold in six years. In 2011, market was estimated at USD ~ million and increased to USD ~ million in 2016 registering a five year CAGR of ~%. Infrastructure, hospitality, and real estate were the key sectors to use electronic security devices. Rise in demand for facilities management, number of visitors at mega malls, hotels and amusement parks in Middle East region were some other key factors driving the growth in market.
Turkey was the largest market for electronic security devices in the Middle East region with market share of ~% in 2016. It was followed by Saudi Arabia which toppled UAE to gain the second position in terms of revenue generation from sale of electronic devices. UAE was the third largest market followed by Qatar. Other countries contributed remaining ~% of the market share.
CCTV was the most demanded electronic security device with an estimated market size of USD ~ million in 2016 with market share of ~% while sale of fire alarms generated revenue of USD ~ million. Market for access control devices was estimated at USD ~ million. The demand from new smart homes and offices had registered significant increase in demand. The market for intrusion alarm system in Middle East was estimated at USD ~ million with a market share of ~ %. These devices find use in both commercial and residential buildings.
Turkey Electronic Security Market:
Turkey electronic security market was estimated at USD ~ million in 2011 which increased to USD ~ million in 2016 registering 5 year CAGR of ~%. Large quantities of perimeter security and video surveillance systems were put in place in newly constructed apartments to attract customers for whom the safety had always been the key feature. Growth was mainly driven by IP-based video surveillance systems. Several large distributors began to dominate the local market. As opposed to the earlier distributors who use European manufacturers, these companies imported and distributed products mainly from Asian manufacturers making it more accessible and affordable to Turkish people. Key sectors using electronic security devices were government offices and transportation (~%), commercial offices and buildings (~%), banking and financial sector (~%), industrial sector ~%, residential sector (~%), hospitals and hospitality (~%), organized retail (~%) and other (~%).
Saudi Arabia Electronic Security Market: Jeddah, Riyadh and the adjoining areas was the most important market for electronic security devices in the country due to huge volume of commercial and real estate development. Market for video surveillance was the highest followed by fire alarms. Motion sensors, infrared beam sensors, and seismic detectors were other major intrusion alert system used in Saudi Arabia. Pin based access control dominated the market for access control in 2016 with ~% of revenue coming from such equipments. Honeywell was the leading electronics security provider in Saudi Arabia. Bosch was the second largest player. Pelco, Axis, Siemens, Avigilon Corporation, Hikvision Digital Technology Co. Ltd., Samsung Techwin Co Ltd were some other major companies operating in Saudi Arabia electronic security market. It is expected that revenue generation will increase to USD ~ million in 2021.
UAE Electronic Security Market: In 2011, UAE electronic security market was estimated at USD ~ million which increased to USD ~ million in 2016. CCTV sales generated revenue of USD ~ million. Fire alarm system constituted ~% of UAE electronic security market. Intrusion alarms accounted for ~% of electronic security system market in UAE and generated revenue of USD ~ million in 2016. Access control system had market share of ~% on the basis of revenue. Commercial office application has accounted for the largest share in access control market followed by the government and transportation segment. Honeywell was the leading player in UAE electronic security market with market share of ~% on the basis of revenue in 2016. Bosch, Tyco, Pelco, and Siemens along with Hikvision, Axis, Dahua are some other key players in UAE security market.
Qatar Electronic Security Market: Electronic security market in Qatar is still in developing stage. In 2016 it was estimated at USD ~ million. Majority of the demand was mainly driven by oil and gas industry and related activities which dominates the Qatar economy. CCTV and access control systems were the two major segments that dominated the market. Honeywell for access control was among the major player operating in Qatar access control market in 2016. Fire alarms were the third most installed electronic security devices in Qatar market on the basis of revenue. Axis, Pelco, Hikvision, Simplex, Bosch were some key players in Qatar Market.
Future Outlook
Middle East electronic security market was estimated to register a five year CAGR of ~% during 2016-2021.Market is expected to generate an estimated revenue of USD ~ million in 2021. Future mega events, such as the 2020 World Expo and the 2022 Football World Cup, crowd control and traffic management is expected to be key drivers for spiked demand for electronic security equipments in the region. Regulation regarding installation of electronic security in other countries like Oman, Morocco, Turkey, Kuwait and others is expected to create additional demand in future.
Key Topics Covered in the Report.
- Middle East electronic security market size, 2011-2016
- Middle East electronic security market segmentation by major countries, major products
- Value chain analysis
- Role of consultants and system integrators
- Decision making matrix
- UAE, Saudi Arabia, Turkey and Qatar electronic security market size by revenue, 2011-2016
- UAE, Saudi Arabia, Turkey and Qatar Electronic Security Market segmentation by type of product and sub-segmentation by technology and by application
- Major players in UAE, Saudi Arabia, Turkey and Qatar Electronic Security Market
- Rules and regulations in UAE, Saudi Arabia, Turkey and Qatar Electronic Security Market
- Major Trends and developments
- Competitive landscape of major players in Middle East
- Middle East electronic security market future outlook
- Analyst Recommendation
- Fire Alarm Sales in Qatar,
- CCTV System Integrator Market,
- Honeywell Market Share CCTV,
- Biometric Based Access Control Sales,
- Avigilon Sales in Surveillance Market,
- Video Surveillance Industry Growth,
- Middle east physical security market
https://www.kenresearch.com/defense-and-security/security-devices/middle-east-electronic-security-market/92199-16.html
Related Reports
India Electronic Security Industry Potential to 2020 - Growing System Integrators Market with Real Estate Development in Upcoming Smart Cities
China Electronic Security Market Outlook to 2019 - Public Infrastructure Spending and Innovations to Drive the Future
Malaysia Electronic Security Equipment Industry Outlook to 2018 - Increasing Demand for CCTV Cameras to Spur Growth
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
No comments:
Post a Comment