Market Forecast By Product Types (Conventional, Discreet, Dome, Bullet CCTV Cameras), By Technology (Analog CCTV Systems, Wireless CCTV Systems, IP-based CCTV Systems, Hybrid CCTV Systems), By Applications (BFSI, Healthcare, Transportation, Education, Business, Retail), By Surveillance Components (CCTV Camera, Video Surveillance Storage Mechanisms, Video Surveillance Software, Analytics) And Competitive Landscape
Product Code: ETC013620 | Publication Date: Oct 2020 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
United Arab Emirates (UAE) Cctv market currently, in 2023, has witnessed an HHI of 1619, Which has decreased slightly as compared to the HHI of 1734 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
In the year 2021, China was the largest exporter in terms of value, followed by Japan. It has registered a growth of 44.04% over the previous year. While Japan registered a growth of 31.73% as compared to the previous year. In the year 2017, China was the largest exporter followed by Japan. In terms of Herfindahl Index, which measures the competitiveness of countries exporting, UAE has a Herfindahl index of 1734 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index ofย 2251 which signifies moderately concentrated in the market.
United Arab Emirates (UAE) CCTV Market report thoroughly covers the market by product types, by technology, by applications, and by surveillance components. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
United Arab Emirates (UAE) CCTV Market is surging with some ongoing trends & opportunities including, the rising adoption of smart & connected video surveillance solutions equipped with artificial intelligence and increasing investment by giant players in technology advancement to ensure optimized detection. Furthermore, Cloud-based video surveillance solutions are gaining popularity in the country backed by the rising artificial intelligence and Internet of Things that facilitate remote managing with greater flexibility. Also, the rising replacement of existing cameras with higher-resolution cameras equipped with advanced features like night vision capabilities is estimated to leave a favorable impact on the market growth.
United Arab Emirates (UAE) CCTV Market is proliferating in the market with the rising investment in infrastructure development to better access CCTV functions and heavy investment in technology advancements for better security measures. Furthermore, high installation and maintenance costs of CCTVs can hamper the market growth in the country. However, improving economic conditions results in an increased purchasing power of the population who can afford to spend on purchasing advanced CCTV systems, this is estimated to surge the market growth.
According to 6Wresearch, the United Arab Emirates (UAE) CCTV Market size is projected to gain momentum during 2020-2026. The market is followed by various growing factors such as rising criminal activities and rising awareness among the population about the benefits of installing CCTVs. Some are the challenges such as, lack of standardization and counterfeiting products offered in the market are estimated to hamper the United Arab Emirates CCTV Market growth. However, the rising shift towards IP systems surveillance systems instead of traditional systems is, the fast replacement of the cameras with the smart cameras is estimated to widen the market expansion in the coming years.
The COVID-19 pandemic had affected the UAE CCTV Market. The pandemic led to the closure of all industries and disrupted the product supply chain in the country leading to a decline in the CCTV demand and installation rates. On the other side, crime rates continued to rise which had increased the installation rates of CCTV in residential and commercial buildings, this resulted in alight demand during the pandemic phase. Overall, the market was seen a decline at times during the COVID-19 phase.
Some companies providing a wide range of surveillance products and services to meet the needs of different customers included:
Based on the product types, each type of camera including, Conventional, Discreet, Dome, and Bullet CCTV Cameras is rising which is catering to diverse surveillance needs and providing types of features & benefits like infrared night vision and reliable video surveillance required for accurate security detection.
Based on the technology, IP-based systems are leading to hold the largest market share in the country underpinned by their benefits such as high-resolution video capture capability, and remote access & managing feature. This is also estimated to dominate the United Arab Emirates (UAE) CCTV Market revenue in the coming years.
According to Shivankar, Research Manager, 6Wresearch, the BFSI sector is the fastest growing in the country With Dubai and Abu Dhabi are the major financial hubs of the country, hence this sector is driving the CCTVs demand to enhance security & safety, protecting assets, and prevent from frauds or criminal activities.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United Arab Emirates (UAE) CCTV Market Overview |
3.1 United Arab Emirates (UAE) CCTV Market Revenues & Volume, 2016 - 2026F |
3.2 United Arab Emirates (UAE) CCTV Market - Industry Life Cycle |
3.3 United Arab Emirates (UAE) CCTV Market - Porter's Five Forces |
3.4 United Arab Emirates (UAE) CCTV Market Revenues & Volume Share, By Product Types, 2019 & 2026F |
3.5 United Arab Emirates (UAE) CCTV Market Revenues & Volume Share, By Technology, 2019 & 2026F |
3.6 United Arab Emirates (UAE) CCTV Market Revenues & Volume Share, By Applications, 2019 & 2026F |
3.7 United Arab Emirates (UAE) CCTV Market Revenues & Volume Share, By Surveillance Components, 2019 & 2026F |
4 United Arab Emirates (UAE) CCTV Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Arab Emirates (UAE) CCTV Market Trends |
6 United Arab Emirates (UAE) CCTV Market Segmentation |
6.1 United Arab Emirates (UAE) CCTV Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 United Arab Emirates (UAE) CCTV Market Revenues & Volume, By Product Types, 2016 - 2026F |
6.1.3 United Arab Emirates (UAE) CCTV Market Revenues & Volume, By Conventional, 2016 - 2026F |
6.1.4 United Arab Emirates (UAE) CCTV Market Revenues & Volume, By Discreet, 2016 - 2026F |
6.1.5 United Arab Emirates (UAE) CCTV Market Revenues & Volume, By Dome, 2016 - 2026F |
6.1.6 United Arab Emirates (UAE) CCTV Market Revenues & Volume, By Bullet CCTV Cameras, 2016 - 2026F |
6.2 United Arab Emirates (UAE) CCTV Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 United Arab Emirates (UAE) CCTV Market Revenues & Volume, By Analog CCTV Systems, 2016 - 2026F |
6.2.3 United Arab Emirates (UAE) CCTV Market Revenues & Volume, By Wireless CCTV Systems, 2016 - 2026F |
6.2.4 United Arab Emirates (UAE) CCTV Market Revenues & Volume, By IP-based CCTV Systems, 2016 - 2026F |
6.2.5 United Arab Emirates (UAE) CCTV Market Revenues & Volume, By Hybrid CCTV Systems, 2016 - 2026F |
6.3 United Arab Emirates (UAE) CCTV Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 United Arab Emirates (UAE) CCTV Market Revenues & Volume, By BFSIย , 2016 - 2026F |
6.3.3 United Arab Emirates (UAE) CCTV Market Revenues & Volume, By Healthcare, 2016 - 2026F |
6.3.4 United Arab Emirates (UAE) CCTV Market Revenues & Volume, By Transportation, 2016 - 2026F |
6.3.5 United Arab Emirates (UAE) CCTV Market Revenues & Volume, By Education, 2016 - 2026F |
6.3.6 United Arab Emirates (UAE) CCTV Market Revenues & Volume, By Business , 2016 - 2026F |
6.3.7 United Arab Emirates (UAE) CCTV Market Revenues & Volume, By Retail, 2016 - 2026F |
6.4 United Arab Emirates (UAE) CCTV Market, By Surveillance Components |
6.4.1 Overview and Analysis |
6.4.2 United Arab Emirates (UAE) CCTV Market Revenues & Volume, By CCTV Camera, 2016 - 2026F |
6.4.3 United Arab Emirates (UAE) CCTV Market Revenues & Volume, By Video Surveillance Storage Mechanisms, 2016 - 2026F |
6.4.4 United Arab Emirates (UAE) CCTV Market Revenues & Volume, By Video Surveillance Software, 2016 - 2026F |
6.4.5 United Arab Emirates (UAE) CCTV Market Revenues & Volume, By Analytics, 2016 - 2026F |
7 United Arab Emirates (UAE) CCTV Market Import-Export Trade Statistics |
7.1 United Arab Emirates (UAE) CCTV Market Export to Major Countries |
7.2 United Arab Emirates (UAE) CCTV Market Imports from Major Countries |
8 United Arab Emirates (UAE) CCTV Market Key Performance Indicators |
9 United Arab Emirates (UAE) CCTV Market - Opportunity Assessment |
9.1 United Arab Emirates (UAE) CCTV Market Opportunity Assessment, By Product Types, 2019 & 2026F |
9.2 United Arab Emirates (UAE) CCTV Market Opportunity Assessment, By Technology, 2019 & 2026F |
9.3 United Arab Emirates (UAE) CCTV Market Opportunity Assessment, By Applications, 2019 & 2026F |
9.4 United Arab Emirates (UAE) CCTV Market Opportunity Assessment, By Surveillance Components, 2019 & 2026F |
10 United Arab Emirates (UAE) CCTV Market - Competitive Landscape |
10.1 United Arab Emirates (UAE) CCTV Market Revenue Share, By Companies, 2019 |
10.2 United Arab Emirates (UAE) CCTV Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |