UAE Electronic Security Market Outlook to 2021 -- Creating Smart Surveillance, Safety and Security System to Drive Market Growth

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Jul 17, 2017, 19:54 ET

LONDON, July 17, 2017 /PRNewswire/ -- Executive Summary

The report titled "UAE Electronic Security Market Outlook to 2021 – Creating Smart Surveillance, Safety and Security System to Drive Market Growth" provides a comprehensive analysis of electronic security market in UAE. The report focuses on overall market size for sale of electronic security equipments in UAE, 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.

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UAE is federation of seven emirates which includes Dubai and Abu Dhabi. In 2011, UAE electronic security market was estimated at USD ~ million which increased to USD ~ million in 2016. There are many big malls and shopping complexes in Dubai, Abu Dhabi and Sharjah. Dubai is the most important shopping destination in the country. UAE emirates have increased their investment in electronic surveillance to develop world class infrastructure that is on par with most developed countries in the world. Strict implementation of Abu Dhabi's International Fire Code, change in focus of the government to shift the economic activity from oil based economy, rise in demand for smart home solution, increase in the number of air passengers were some of the key factors driving the sale of electronic security devices.

CCTV cameras used for electronic security were the key component for electronic security devices market in UAE. In 2016, CCTV sales generated revenue of USD ~ million. IP based cameras are most popular. Fire alarm system constituted ~% of UAE electronic Security market in 2016. 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 in 2016. Commercial office application has accounted for ~% share in access control market.

Improved implementation of regulatory norms, growth of UAE's economy and rise in per capita gross national income of local people and expats has leveraged the buying capacity of people. A significant proportion of investment in the country has been intended towards improving the quality of infrastructure. Increasing number of railway stations, airports, schools, colleges, hospitals, offices and shopping malls have urged the need of installing electronic security products. The companies and government are putting a lot of efforts to educate people about the need to use reliable, efficient and high quality electronic security systems. Dubai is aiming to become smartest city in world which is expected to boost the demand for electronic security equipments. Increased used of artificial intelligence will increase the role of these devices.

All the seven emirates within the country are inviting global companies to set up its manufacturing facility in the region thereby further boosting the growth of industrialization. It is expected to boost the demand for electronic security devices in the region. Global companies such as Unilever, Ashok Leyland, and others have plans to start manufacturing in the country. Investment from government, law enforcement agencies and private companies are allocating more budgets to control terrorist attacks. All these factors are expected to have positive impact on the market and it is estimated that revenue from sale of electronic security devices may reach USD ~ million in 2021. The plans to improve the monitoring capabilities of its law enforcement agencies will further boost the market for electronic security devices as many old CCTVs and alarms will be replaced with more advanced and multifunctional electronic security devices.

Key Topics Covered in the Report
• Value chain analysis
• Role of consultants and system integrators
• Decision making matrix
• UAE electronic security market size by revenue, 2011-2016
• UAE Electronic Security Market segmentation by type of product and sub-segmentation by technology and by application
• Major players in UAE Electronic Security Market
• Rules and regulations in UAE Electronic Security Market
• Major Trends and developments
• UAE electronic security market future outlook
• Analyst Recommendation
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