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GCC Smart Home Market Size, Share, Trends Analysis & Industry Report, 2020-2027 – X herald

GCC Smart Home Market:

Growth Opportunities in the GCC Smart Home Market look promising over the next six years. This is mainly due to the high adoption of smart devices among the end-users, the strong demand for real-time home security solutions and consumer electronics, the increasing investment for the development of technologies, and the IoT integration.

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GCC Smart Home Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The high adoption of smart devices among the end-users and the strong demand for real-time home security solutions and consumer electronics across the GCC countries are the prominent factors surging the growth of the GCC smart home market. With the increasing internet user base, consumers have drastically shifted towards the adoption of home monitoring systems, which can be controlled automatically utilizing smart gadgets or smartphones worldwide. This significant shift to raise the security of the homes will further surge the demand of the market. Additionally, rising government initiatives for the development of smart cities are further anticipated to stimulate the growth of the market. For example, the Dubai Vision 2021 and the “Dubai Smart City project” emphasis on changing the city into a smart city while providing a delightful experience to its citizens will further lead to an upsurge in demand.

The increasing investment for the development of technologies and the IoT integration will bring various new growth opportunities in the Smart home market, thus enhancing the demand of the market. The increasing focus on security and efficient energy management are the factors supporting the growth of the GCC smart home market during the forecast period. However, the high initial investment price of smart home appliances will hinder the growth of the market in the upcoming years.

Product Segment Drivers

Based on product, the GCC smart homes market is segmented into HVAC control, security and access control, lighting control, entertainment control, and other controls, smart speaker, smart kitchen, home appliances, home healthcare, and smart furniture. The entertainment control and other controls is predicted to dominate the market in the coming years due to the strong demand for volume, audio, and multimedia room controls among the customers. Furthermore, consumers are proactively searching for smart entertainment devices which offer rejuvenation and relaxation simultaneously.  The multi-room entertainment control system enables the user to centralize all connected devices while watching a movie or listening to a song. Additionally, the rapid advancement in wireless communication technologies will further bolster the demand for home theatre systems, thereby supporting the growth of the market. For example, Amazon Echo is a smart speaker that responds to voice commands utilizing research the internet, Alexa controls smart home devices and stream music according to the users’ choice and mood. The growing electricity bill cost among household consumers is promoting them to adopt smart meters, smart locks, smart plugs, and smoke detectors, which will further accelerate the growth of the market.

To Know More About GCC Smart Home Market

GCC Smart Home Market’s leading Manufacturers:

  • Amazon
  • Robert Bosch
  • ASSA ABLOY
  • ABB Ltd.
  • Legrand
  • Samsung Electronics Co., Ltd
  • Sony
  • Lutron Electronics Co. Inc
  • Home Engine
  • Shifra Smart Homes
  • Avario Technologies

GCC Smart Home Market Segmentation:

Segmentation by Product:

  • Lighting Control
    • Relays
    • Occupancy Sensors
    • Daylight Sensors
    • Timers
    • Dimmers
    • Switches
    • Accessories and Other Products
  • Security and Access Control
    • Video Surveillance
    • Access Control
    • HVAC Control
      • Smart Thermostats
      • Sensors
      • Control Valves
      • Heating and Cooling Coils
      • Dampers
      • Actuators Pumps and Fans
      • Smart Vents
    • Entertainment Control and Other Controls
      • Entertainment Control Products
        • Audio, Volume, and Multimedia Room Controls
        • Home Theatre System Controls
        • Touchscreens and Keypads
      • Other Control Products
        • Smart Meters
        • Smart Plugs
        • Smart Hubs
        • Smart Locks
        • Smoke Detectors
      • Smart Speaker
      • Home Healthcare
      • Smart Kitchen
        • Smart Refrigerator
        • Smart Coffee Makers
        • Smart Kettles
        • Smart Dishwashers
        • Smart Ovens
        • Smart Cooktops
        • Smart Cookers
      • Home Appliances
        • Smart Washers
        • Smart Dryers
        • Smart Water Heaters
        • Smart Vacuum Clean
      • Smart Furniture
        • Smart Tables
        • Smart Desks
        • Smart Stools and Benches
        • Smart Sofas
        • Smart Chairs

Segmentation by Software & Services:

Segmentation by Countries:

  • UAE
  • Saudi Arabia
  • Oman
  • Kuwait
  • Rest of GCC

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company’s large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird’s eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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