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2024

GCC Video Surveillance Camera Market

GCC Video Surveillance Camera Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, Product Type, End User and Force Capacity : Global Opportunity Analysis and Industry Forecast, 2023 - 2033

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Author's: Ganesh Dasturkar | Sonia Mutreja
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The GCC video surveillance camera market size was valued at $1,483.0 million in 2023, and is projected to reach $3,959.2 million by 2033, registering a CAGR of 10.2% from 2024 to 2033. A video surveillance setup serves as a security system that captures images and videos for compression, storage, or transmission over networks. Digital versions are versatile, applicable in governmental, corporate, and healthcare settings, reflecting a rise in need for enhanced monitoring and security measures. This trend has resulted in its heightened usage across different sectors, including border control, transportation, education, public areas, and commercial buildings.

GCC Video Surveillance Camera Market

Report Key Highlighters

  • The GCC video surveillance camera market studied across 6 countries. The analysis includes a country-by-country breakdown analysis in terms of value ($million) available from 2023 to 2033.
  • The research combined high-quality data, professional opinion, and research, with significant independent opinion. The research methodology aims to provide a balanced view of the global market, and help stakeholders make educated decisions to achieve ambitious growth objectives.
  • The research reviewed more than 3,700 product catalogs, annual reports, industry descriptions, and other comparable resources from leading industry players to gain a better understanding of the market.
  • The GCC video surveillance camera market share is marginally fragmented, with players such as Canon, In., Robert Bosch GmbH, Dahua Technology Co. Ltd., Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International Inc., Huawei Technologies Co., Ltd., Shenzhen Infinova Limited, Panasonic Holding Corporation, and Cisco Systems, Inc., Hanwha Vision Co., Ltd. Major strategies such as product launch, partnerships, expansion, and other strategies of players operating in the market are tracked and monitored.

Market Dynamics

The GCC video surveillance camera market growth is driven by a rise in demand for safety in high-risk zones, where enhanced security is imperative. Video surveillance has become indispensable in bolstering safety protocols across vulnerable environments. Visual deterrents, such as video cameras, are omnipresent, playing a pivotal role in discouraging potential misconduct and curbing criminal behavior. Moreover, surveillance systems enable prompt responses to emerging threats through real-time monitoring. Crucially, high-risk zones such as public areas, critical infrastructure, and transportation hubs reap substantial advantages from video surveillance capabilities, capturing incidents and furnishing crucial evidence for investigative endeavors.

In addition, shift from analog cameras to IP cameras stands out as a key catalyst for the growth of the GCC video surveillance camera market. This transition represents a substantial technological leap, replacing conventional analog setups with internet protocol (IP) cameras boasting enhanced features such as heightened resolution, superior image quality, and the capacity to transmit data via digital networks. The rise in need for clearer and more intricate video footage, along with the inherent benefits of remote access and scalability offered by IP-based systems, has propelled the extensive adoption of these advanced camera solutions.

High installation costs serve as a significant deterrent to the video surveillance market. Moreover, insufficient funding from governments, particularly in developing countries, impedes the adoption of security technologies across diverse applications. Advanced technology entails substantial investments, further restraining market expansion. Surveillance cameras vary in cost depending on features and quantity, with installation and maintenance expenses adding to the overall cost. Such factors are expected to restrain the GCC video surveillance camera market opportunities.

Globally, rapid urbanization is evident, with Saudi Arabia and various parts of the GCC embracing Internet of Things (IoT) technology as a cornerstone in smart city development. Smart cities leverage integrated use of Big Data, IoT, and other technologies to derive actionable insights and enhance decision-making. IoT's value lies in the quality of information it gathers and the utility of services it provides, spanning from smart meters to smart homes. Video-based applications in smart cities encompass traffic control and monitoring.

Moreover, Saudi Arabia is spearheading the construction of NEOM, a new $500 billion smart city located in the northwest region. NEOM will feature automated drones, driverless cars, and various robotics, showcasing the GCC's embrace of Fourth Industrial Revolution (4IR) advancements. This proactive stance positions the region well to adapt to global economic shifts and pursue sustainable long-term growth. These factors collectively are expected to create lucrative growth prospects for the global GCC video surveillance camera market throughout the forecast period.

Segmental Overview

The GCC video surveillance camera market is segmented into type, product type, end-user, and region. By type, the market is classified into analog cameras and IP cameras. On the basis of product type, it is divided into dome cameras, bullet cameras, box style cameras, PTZ cameras, thermal cameras, and fisheye cameras. By end user, the market is categorized into BFSI, government & defense, commercial, manufacturing and construction, healthcare, logistics & transportation, residential, and others. Region wise, it is analyzed across GCC.

By type: The GCC video surveillance camera market is divided into analog cameras and IP cameras. In 2023, the IP cameras segment dominated the GCC video surveillance camera market, in terms of revenue, and the same segment is expected to grow with a higher CAGR during the forecast period.

By product type: The GCC video surveillance camera market is segregated into dome cameras, bullet cameras, box style cameras, PTZ cameras, thermal cameras, and fisheye cameras. In 2023, the dome cameras segment dominated the GCC video surveillance camera market, in terms of revenue, and the box style cameras segment is expected to witness growth at a higher CAGR during the forecast period.

By End User: The GCC video surveillance camera market is categorized into BFSI, government and defense, commercial, manufacturing and construction, healthcare, logistics and transportation, residential, and others. The commercial segment accounted for the highest market share in terms of revenue in 2023 and the logistics and transportation segment is expected to grow with the highest CAGR during the forecast period.

By Region: Region wise, the GCC video surveillance camera market analysis is conducted across GCC (Saudi Arabia, Kuwait, UAE, Qatar, Bahrain, and Oman). Saudi Arabia accounted for the highest market share in 2023 and Bahrain is expected to grow with a highest CAGR during the forecast period.

Competition Analysis

Key companies profiled in the GCC video surveillance camera market report include Canon, In., Robert Bosch GmbH, Dahua Technology Co. Ltd., Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International Inc., Huawei Technologies Co., Ltd., Shenzhen Infinova Limited, Panasonic Holding Corporation, and Cisco Systems, Inc., Hanwha Vision Co., Ltd. 

The major players that operate in the global market have adopted key strategies such as acquisition, business expansion, product launch, and other strategies to strengthen their market outreach and sustain the stiff competition in the market.

Recent developments in GCC video surveillance camera industry

In January 2023, Axis Communications unveiled three new products at Intersec Dubai, held in Dubai from January 17 to 19, 2023. These products consist of the AXIS P1468-XLE Explosion-Protected Bullet Camera the first of its kind designed for Zone/Division 2 hazardous areas, the AXIS Q1961-TE Thermal Camera for temperature monitoring, and the PoE cable-powered AXIS A1610 and AXIS A1610-B Network Door Controllers.

In June 2023, Axis Communications launched new models in its M42 dome camera series, featuring advanced analytics powered by deep learning at the edge. Specifically designed for indoor surveillance needs, the series now includes 2 MP and 8 MP cameras, as well as models equipped with Optimized IR technology.

In March 2024, Hikvision announced a technology partnership with Can'nX, a leading provider of automation solutions for commercial and residential buildings. This collaboration enables Hikvision technologies to be integrated with the KNX protocol with the global standard for home and building automation. In addition, integrators can enhance their building automation solutions by integrating Hikvision AI-enabled devices, such as cameras, into building systems.

In May 2023, Hikvision Qatar formed a new partnership with City Vision, a leading distributor of CCTV and security systems in Qatar. This collaboration between the two companies aims to provide customers with cutting-edge security solutions and innovative technologies that are anticipated to significantly enhance their security experience. In addition, Hikvision Qatar is projected to be able to expand its reach throughout the region, offering customers an unparalleled level of technical expertise and support.

In May 2023, Infinova enabled Kuwait and the GCC region to enhance security with advanced solutions, for building a safer future. In addition, Kuwait International Airport boosted its security potential significantly by implementing Infinova's cutting-edge surveillance equipment, customized wholly to match the needs of the airport and government officials while keeping the objectives of prioritizing safety and efficiency in mind.

In November 2022, Eagle Eye Networks, the global provider of cloud-based video surveillance solutions worldwide, revealed plans to establish a new data center in Riyadh, Saudi Arabia in response to the increasing needs of customers in the area for cloud video surveillance.

In January 2024, the Security Surveillance Cameras Law was enforced by the Saudi Ministry of Interior, and it established strict consequences for any violations. In accordance with this law, individuals who unlawfully transmit or publish recordings from CCTV systems will face a significant penalty of approximately $ 5,332.

In January 2024, Hanwha Vision, a global vision solution provider, unveiled its extensive portfolio of AI-powered security solutions at Intersec Dubai 2024. It introduced its new and innovative products, leveraging AI to deliver enhanced security capabilities such as the AI PTZ Camera (XNP-C9310R) and 4CH AI Mini Multi-Directional Camera (PNM-16013RVQ).

In March 2024, Hanwha Vision added white LED lights to its 8 and 5 MP resolution Q series camera models to deliver enhanced low-light performance, even in zero lux environments. The addition of AI to Q series models enabled accurate people and vehicle classification by filtering out irrelevant motion triggers, ultimately generating fewer false alarms.

In January 2023, in the Intersec Dubai 2023, booth #SA-E27, at Dubai World Trade Centre, Hanwha Techwin highlighted a diverse range of intelligent video surveillance solutions. At Intersec Dubai 2023, Hanwha Techwin showcased new AI solutions and industry-specific solutions enabled by AI video analytics under the theme, “New and Innovative AI solutions”. Hanwha Techwin company introduced products at Intersec, which included P / X / Q series AI cameras.

Key Benefits for Stakeholders

  • The report provides an extensive analysis of the current and emerging GCC video surveillance camera market trends, and historic data. 
  • In-depth GCC video surveillance camera market analysis is conducted by constructing market estimations for key market segments between 2023 and 2033.
  • Extensive analysis of the GCC video surveillance camera market is conducted by following key product positioning and monitoring of top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The GCC video surveillance camera market revenue and volume forecast analysis from 2023 to 2033 is included in the report.
  • The key players within the GCC video surveillance camera market Forecast are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the GCC video surveillance camera industry.

GCC Video Surveillance Camera Market Report Highlights

Aspects Details
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By Product Type
  • Dome Cameras
  • Bullet Cameras
  • Box Style Cameras
  • PTZ Cameras
  • Thermal Cameras
  • Fisheye Cameras
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By Type
  • Analog Cameras
  • IP Cameras
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By End User
  • BFSI,
  • Government & Defense
  • Commercia,
  • Manufacturing & Construction,
  • Healthcare
  • Logistics & Transportation
  • Residential,
  • Others
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By Force Capacity
  • Up To 250 Pounds
  • 250 Pounds To 1,000 Pounds
  • Above 1,000 Pounds
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Key Market Players

Canon, Inc, Robert Bosch Gmbh, Shenzhen Infinova Limited, Dahua Technology Co. Ltd., Cisco Systems, Inc, Huawei Technologies Co., Ltd, Panasonic Holding Corporation, Honeywell International Inc, Hangzhou Hikvision Digital Technology Co., Ltd, Hanwha Vision Co., Ltd

Analyst Review

Video surveillance systems are expected to gain high traction in the residential and logistics and transportation industry verticals by 2033. The current business scenario is witnessing an increase in the demand for surveillance systems, particularly in the developing countries such as Qatar, Oman, and others due to implementation of government mandates related to public safety and security. Companies in this industry are adopting various strategies such as merger and acquisition activities, to strengthen their business position in the competitive matrix.

The GCC video surveillance camera market has steadily gained traction owing to rise in demand for enhanced technologies in surveillance system such as integration of IoT, AI, and increased adoption of IP cameras over analog cameras for surveillance and monitoring. A shift from analog to IP technologies, cloud solutions for storage, and rise of video surveillance-as-a-service (VSaaS) present new, untapped opportunities for security solution providers.

Smart city projects have created a huge demand for surveillance of the market. Moreover, the deployment of solar-powered cameras designed for remote areas is driving the demand for incorporation of advanced technologies to enhance the data reservoir for efficient monitoring system operations.

Author Name(s) : Ganesh Dasturkar | Sonia Mutreja
Frequently Asked Questions?

The GCC video surveillance camera market was valued at $1,483.0 million in 2023, and is projected to reach $3,959.2 million by 2033, registering a CAGR of 10.2% from 2024 to 2033.

The forecast period considered for the GCC video surveillance camera market is 2023 to 2033, wherein, 2023 is the base year, 2024 is the estimated year, and 2033 is the forecast year.

The latest version of GCC video surveillance camera market report can be obtained on demand from the website.

The base year considered in the GCC video surveillance camera market report is 2023.

The major players profiled in the GCC video surveillance camera market include Canon, In., Robert Bosch GmbH, Dahua Technology Co. Ltd., Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International Inc., Huawei Technologies Co., Ltd., Shenzhen Infinova Limited, Panasonic Holding Corporation, and Cisco Systems, Inc., Hanwha Vision Co., Ltd.

The top ten market players are selected based on two key attributes - competitive strength and market positioning.

The report contains an exclusive company profile section, where leading companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies, and recent developments.

Based on type, the IP cameras segment was the largest revenue generator in 2023.

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GCC Video Surveillance Camera Market

Global Opportunity Analysis and Industry Forecast, 2023 - 2033