GCC Smart Homes Market

GCC Smart Homes Market Overview

Smart Home refers to a convenient home setup equipped with lighting, heating and electronic devices that can be controlled remotely from any internet-connected place in the world using a smartphone or other networked device. A smart home has its devices interconnected through the internet, which helps the user to perform numerous functions such as security access to the home, setting up of temperature, lighting and home theatre. The smart home appliances are enabled with self-learning skills, which help in automatically adjusting the system according to the homeowner’s schedules. Smart home offers remarkable benefits to the user, such as it is highly cost-effective, improves security, reduces energy consumption and helps in easy handling of regular household tasks. Some of the smart appliances used in the homes include Smart TVs, Smart locking systems, Smart security cameras, and Smart Entertainment systems.

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Major GCC Smart Homes Market Drivers

The significant factors contributing towards the growth of the GCC Smart Homes market include the growing adoption of smart devices among the end-users and the rising demand for real-time home security solutions and consumer electronics across the GCC countries. With the expanding internet user base, the consumers have significantly shifted towards the adoption of home monitoring systems, which can be automatically controlled using smartphones or smart gadgets from any part of the world. This fundamental shift in order to increase the security of the homes will drive the demand of the market. Moreover, increasing government initiatives for the development of smart cities will drastically drive the demand for smart homes in the coming years. For instance, the “Dubai Smart City project” and the Dubai Vision 2021 focuses on transforming the city into a smart city while delivering a delightful experience to its citizens.

The rising investment for the development of technologies and the IoT integration will create new opportunities in the Smart home market, thereby fuelling the demand of the market. The growing emphasis on security and efficient energy management are further paving the way for the GCC Smart Home market in the coming years. On the other hand, the high initial investment cost of smart home appliances is likely to hamper the growth of the market over the forecast period.

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Based on Product, the GCC Smart Homes market is segmented into Lighting Control, Security and Access Control, HVAC Control, Entertainment Control and Other Controls, Smart Speaker, Home Healthcare, Smart Kitchen, Home Appliances and Smart Furniture. The Entertainment Control and Other Controls segment is anticipated to lead the market during the forecast period owing to the growing demand for audio, volume, and multimedia room controls among the customers. Moreover, consumers are now actively looking for smart entertainment devices which provide relaxation and rejuvenation at the same time. The multi-room entertainment control system allows the user to centralize all connected devices while listening to songs or watching a movie. Moreover, the continuous advancement in wireless communication technologies is driving the demand for home theatre systems, thus boosting the growth of the GCC Smart Homes market during the forecast period. For Instance, Amazon Echo is a smart speaker that responds to voice commands using Alexa, research the internet, controls smart home devices and stream music as per the user’s choice and mood. The increasing electricity bill cost among the household consumers is encouraging them to adopt for smart meters, smart plugs, smart locks and smoke detectors, which will have a positive impact on the growing demand of the market.

Based on Software & Services, the GCC Smart Homes market is segmented into Behavioural and Proactive. The Behavioural segment is expected to grow at a higher CAGR during the forecast period due to the growing demand of smart home and energy management markets driven by the rising connectivity between machine-to-machine solutions and the Internet of Things (IoT).  The Behavioural type of solution provides direct feedback to the end-user by analysing energy-related data and forwarding the information to the users.

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Regional – Segment Analysis

Based on the Country, the Saudi Arabia is anticipated to lead the market during the forecast period owing to the increasing demand for smart home appliances in the country. The rising trend of smart lighting controls, HVAC controls and security control across the country, will further complement the growing demand of the market over the coming years. In addition to this, the continuous expansion in the infrastructure sector followed by the developed by several megacity projects across the Saudi Arabia, will accelerate the growth of the market.

Top Market Players

Various notable players in the market include Amazon, Robert Bosch, ASSA ABLOY, Legrand, Samsung Electronics Co., Ltd, Sony, Lutron Electronics Co. Inc, Home Engine, Shifra Smart Homes, and Avario Technologies among others.

Key Developments

• • In 2020, Bosch announced the launch of PRAESENSA, a public address and voice alarm system that is IP-Connected and has fully-featured settings, in Dubai.
  • In 2018, Amazon Inc., successfully launched Amazon Echo, a smart speaker, which can be used for streaming media, making video calls and controlling the smart home devices.

Segments covered in the Report:

The GCC Smart Homes market has been segmented based on Product, Software & Services, and countries. Based on Product, the market is segmented into Lighting Control, Security and Access Control, HVAC Control, Entertainment Control and Other Controls, Smart Speaker, Home Healthcare, Smart Kitchen, Home Appliances and Smart Furniture. Based on Software & Services, the market is segmented into Behavioural and Proactive.

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Key questions answered in this research report:

• • At what pace is GCC Smart Home Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in GCC Smart Home Market? What will be the impact of drivers and restraints in the future?
  • Which Product generated maximum revenues in 2019 and identify the most promising Product during the forecast period?
  • What are the various product areas of GCC Smart Home Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By Software & Services and By Countries
Regional Coverage	GCC
Companies Profiled	Amazon, Robert Bosch, ASSA ABLOY, ABB Ltd., Legrand, Samsung Electronics Co., Ltd, Sony, Lutron Electronics Co. Inc, Home Engine, Shifra Smart Homes, among others; A total of 11 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

GCC Smart Home Market by Product

• • Lighting Control
    • Relays
    • Occupancy Sensors
    • Daylight Sensors
    • Timers
    • Dimmers
    • Switches
    • Accessories and Other Products
  • Security and Access Control
    • Video Surveillance
      • Hardware
      • Software
    • Access Control
      • Biometric
      • Non-Biometric
    • 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 Cleaner
      • Smart Furniture
        • Smart Tables
        • Smart Desks
        • Smart Stools and Benches
        • Smart Sofas
        • Smart Chairs

GCC Smart Homes Market by Software & Services

• • Behavioural
  • Proactive

GCC Smart Home Market by Countries

• • UAE Smart Home Market All-Up (Option 1: Free 25% Customization)
  • Saudi Arabia Smart Home Market All-Up (Option 2: Free 25% Customization)
  • Oman Smart Home Market All-Up (Option 3: Free 25% Customization)
  • Kuwait Smart Home Market All-Up (Option 4: Free 25% Customization)
  • Rest of GCC Smart Home Market All-Up (Option 5: Free 25% Customization)

GCC Smart Home Leading market players (Option 6: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

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