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. Government and oil companies were the key consumers of electronic security in the country. CCTV and access control systems were the two major segments that dominated the market. Rising maturity towards IT products had prompted the market to develop at a very high growth rate. Security Systems Proper implementation and clarity of regulations had positively impacted the market. Banking, hospitality and retail have displayed a rapid rise in the purchasing and installation of new security and surveillance solutions in recent years especially after enactment of Civil defense code. Sale CCTV cameras Qatar, Fire Alarm Industry Qatar ,Leading company in Electronic Security Qatar.
Qatar Electronic Security Market Segmentation
Video surveillance was the key electronic security equipment in Qatar market. It had ~% market share on the basis of revenue in 2016. IP cameras dominated the market with the market share of ~% in total revenue generation. Axis (~%), Hikivision (~%) were the two leading players in video surveillance market. Access control system had gained increased demand from rising office space demand and continuously evolving hospitality industry. Fire alarms were the third most installed electronic security devices in Qatar market (~%) on the basis of revenue. Honeywell, Siemens and Simplex were the top three players on the basis of revenue in 2016. Demand for intrusion alarm systems was very low in 2016 accounting for only ~% of the revenue. They were primarily used by museum and government institutions, and financial institutions. Infrared beam sensors were in maximum demand.
Major Players In Qatar Electronic Security Market
In 2016, CCTV market was dominated Axis communications with ~% market share. Hikvision (~%), Pelco (~%), Avigilon (~%) were some other companies with substantial market share. ~% market was dominated by player who have very small market share. In access control devices Honeywell and Bosch control ~ of the market (~%). Intrusion alarm devices market was dominated by Bosch with ~% market share. Honeywell (~%), Simplex (~%), and Siemens (~%) contributed ~ of the revenue in fire alarm segment.
Trends And Developments
Qatar has high GNI and is comparable with some of the most developed nations in the world. Rise in income per capita has led to increased investment in goods for luxury and enhanced user experience. It has positively impacted the electronic security market as rise in income had led to increased demand for products which add to the value of living. Over the last few years huge investment was made for development of social and transport based infrastructure. Real Estate sector has shown growth in demand during 2011-2015 however it declined very rapidly in 2016. Decline was mainly fuelled by falling oil prices and escalated unrest in Middle East areas especially Syria and Iraq.
Middle East Electronic Security 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 estimated revenue of USD ~ million in 2021. Traffic monitoring will be the key driver for demand of CCTV cameras in the future. With rising population traffic management is expected to create problem for new and emerging cities. Future mega events, such as the 2020 World Expo and the 2022 Football World Cup are expected to be key drivers for spiked demand for electronic security equipments in the region. To diversify revenue sources, Middle East governments are investing in real estate, education, hospitality and healthcare. Regulations regarding installation of electronic security in other countries like Oman, Morocco, Turkey, Kuwait and others are expected to create additional demand as implementation of existing regulations improves as well as new regulation come in. Opportunity exists for companies to train the local manpower to create goodwill as well as generate employment in the region. This will help in reducing their dependency on exports. Setting up a manufacturing unit in Middle East will help in gaining more market as more products can be developed as per needs of local requirements. Sale CCTV cameras Qatar, Fire Alarm Industry Qatar ,Leading company in Electronic Security Qatar.
Topics Covered in The Report
- CCTV Market in Qatar
- Sale CCTV cameras Qatar
- Demand Analog digital CCTV camera Qatar
- Fire Alarm Industry Qatar
- Revenue Fire Alarm Market Qatar
- Growth Access Control industry Qatar
- Intrusion Alarm Future Projection Qatar
- Bosch Sale CCTV camera Qatar
- Competition Hikvision Honeywell major companies
- Market share companies Electronic Security Market Qatar
- Tyco Intrusion alarm sale Qatar
- Leading company in Electronic Security Qatar
- Revenue Hikvision cctv sale Qatar
- Siemens market share Electronic Security Qatar
- Trends and Developments in Qatar Electronic Security Market
- Major Players in Qatar Intrusion Alarm Market
- Major Players in Qatar Fire Alarm Market
- Infrared Beam Alarms market Qatar
To know more on research Report : https://www.kenresearch.com/defense-and-security/security-devices/qatar-electronic-security-market-research-report/94376-16.html
Ankur Gupta, Head Marketing & Communications