PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1364715
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1364715
India CCTV Camera Market, By Camera Type ; By Technology ; By End User ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
India CCTV Camera Market Size Almost Triples at CAGR of 17% to Touch USD 13.1 Billion by 2029.
India CCTV camera market is flourishing because of an increasing need for surveillance and security across various institutions, establishments, and organizations, and the expansion of smart cities.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India CCTV camera market size at USD 4.38 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects India CCTV camera market size to grow at a robust CAGR of 16.9% reaching a value of USD 13.08 billion by 2029. Major growth drivers for the India CCTV camera market include the growing concerns about security and crime rates and increasing urbanization and the increasing need for monitoring public spaces. The recognition of the significance of CCTV cameras is increasing due to the growing focus on the prevention and management of persistently high crime rates across the nation. According to the Delhi City Police Commissioner, in February 2022, the state recorded 3,06,389 instances of criminal activity, which marked an increase from the previous year's figure of 2,66,070 cases. Notably, the national capital observed a nearly 13% surge in severe criminal cases during the initial six months of 2022 when compared to the previous year. Until July 2022, it documented 3,140 severe criminal cases, as opposed to the 2,790 cases reported in the corresponding period of the prior year. Also, rapid urbanization and government initiatives promoting surveillance systems, coupled with ongoing technological advancements such as AI and analytics integration, further fuel the demand for CCTV cameras. This market extends beyond cameras to encompass a comprehensive infrastructure, including video management systems, network video recorders, storage solutions, video analytics software, and related accessories, all contributing to the rapid growth of India's CCTV camera market. However, limited customer awareness regarding to specific usage of surveillance cameras and high cost associated with video surveillance camera are anticipated to restrain the overall market growth during the forecast period.
India CCTV Camera Market - Overview:
India CCTV camera Market encompasses the production, distribution, and installation of Closed-Circuit Television (CCTV) cameras and surveillance equipment. It involves manufacturers, distributors, system integrators, and end-users. This dynamic market is driven by technological innovations, including high-definition cameras and AI integration, addressing security concerns in various settings. Market trends reveal a shift towards IP-based cameras and smart surveillance systems. Competition is fierce, featuring both domestic and international brands. The primary aim is to enhance security, monitor public spaces, and safeguard property. With urbanization and growing security needs, this market continues to thrive as a vital component of safety in India. Also, the government has implemented several measures to boost domestic manufacturing and exports in the electronics sector, which includes the production of CCTV cameras. These initiatives include the Production Linked Incentive Scheme (PLI) for electronics manufacturing, allowing FDI up to 100% under the automatic route, subject to applicable laws. This supportive regulatory environment is expected to foster growth in the India CCTV Camera Market, encouraging both local production and foreign investments in the industry. As a result, the CCTV camera market is well-positioned to benefit from these favorable conditions, contributing to the overall expansion of the electronics and surveillance sectors in the country.
Impact of COVID-19 on India CCTV Camera Market
COVID-19 pandemic had a mixed impact on the India CCTV camera market. Initially, it led to disruptions in the supply chain due to lockdowns and restrictions. However, as businesses and individuals prioritized safety and security, there was an increased demand for CCTV cameras for monitoring compliance with health protocols and remote surveillance. This shift in focus, along with the growing need for contactless solutions, bolstered the market. Additionally, the pandemic accelerated the adoption of cloud-based and AI-driven surveillance systems, reflecting a long-term trend. Overall, the India CCTV Camera Market experienced challenges but also found opportunities in adapting to the changing landscape brought about by the pandemic.
India CCTV Camera Market - By Technology
Based on technology, the India CCTV camera market is divided into Analog-based, IP-based (Internet Protocol-based), and AI (Artificial Intelligence)-based segments. The IP-based segment holds the highest share in the India CCTV camera market by technology. The swift shift from analog to IP cameras has transformed the landscape of video surveillance solutions, ushering in a new era of sharper, high-definition digital imagery and cutting-edge advancements in video analytics and neural networks. IP cameras transmit purely digital signals, delivering enhanced video clarity, which is particularly valuable for tasks like facial recognition and license plate identification. Also, increased production has driven down prices, making these cameras more accessible. The integration of software solutions into video surveillance has enabled functionalities such as object detection, package tracking, and path monitoring. The manufacturing industry is experiencing robust global growth, driven by the surge in newly constructed and renovated manufacturing facilities. This expansion has heightened the demand for IP cameras to ensure comprehensive security in and around these manufacturing premises. With the widespread availability of internet connectivity, manufacturing plants have transitioned from analog to IP cameras, aligning with the industry's evolving security needs.
Competitive Landscape:
Major players operating in the India CCTV camera market include: HIKVISION Digital Technology Co, Ltd., Honeywell Commercial Security, Videocon Industries Limited, Zicom Electronic Security Systems, Dahua Technology India Pvt Ltd, D-Link India Limited, Godrej Security Solution, Axis Video Systems India Pvt Ltd, Bosch Security Systems India, and Electronic Eye Systems. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India CCTV Camera Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India CCTV Camera Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Camera Type Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India CCTV Camera Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Market Drivers
- 3.2.1.1. Growing concerns regarding privacy across various enterprises, public sectors and residential associations
- 3.2.1.2. Increasing demand for traffic surveillance, and security in educational institutes, railways and hospital
- 3.2.1.3. Growth and expansion of smart cities and airports
- 3.2.1. Growth Market Drivers
- 5.2 Restraints
- 3.2.1.4. Limited customer awareness regarding to specific usage of surveillance cameras
- 3.2.1.5. High cost associated with video surveillance camera
- 3.2.2. Opportunities
- 3.2.2.1. Increasing demand for IP-based surveillance system to attract huge installation of video surveillance cameras
- 3.2.2.2. Emergence of IoT, video analytics and HD CCTV
- 3.2.3. Challenges
- 3.2.3.1. Installation and maintenance challenges
- 3.2.3.2. Increasing concern regarding data privacy and security
- 3.2.4. Technological Advancements/Recent Developments
- 3.3. Regulatory Framework
- 3.4. Porter's Five Forces Analysis
- 3.4.1. Bargaining Power of Suppliers
- 3.4.2. Bargaining Power of Buyers
- 3.4.3. Threat of New Entrants
- 3.4.4. Threat of Substitutes
- 3.4.5. Intensity of Rivalry
4. India CCTV Camera Market Overview
- 4.1. Market Size & Forecast by Value & Volume, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Camera Type
- 4.2.1.1. Box Cameras
- 4.2.1.2. Domes Cameras
- 4.2.1.3. PTZ Cameras
- 4.2.1.4. Fixed Bullets Cameras
- 4.2.1.5. Others
- 4.2.2. By Technology
- 4.2.2.1. Analog-based
- 4.2.2.2. IP-based
- 4.2.2.3. AI-based
- 4.2.2.4. Others
- 4.2.3. By End User
- 4.2.3.1. Government
- 4.2.3.2. Industrial
- 4.2.3.3. BFSI
- 4.2.3.4. Transportation
- 4.2.3.5. Others
- 4.2.4. By Region
- 4.2.4.1. North India
- 4.2.4.2. South India
- 4.2.4.3. East India
- 4.2.4.4. West India
- 4.2.1. By Camera Type
5. North India CCTV Camera Market
- 5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Camera Type
- 5.2.2. By Technology
- 5.2.3. By End User
6. South India CCTV Camera Market
- 6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Camera Type
- 6.2.2. By Technology
- 6.2.3. By End User
7. East India CCTV Camera Market
- 7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Camera Type
- 7.2.2. By Technology
- 7.2.3. By End User
8. West India CCTV Camera Market
- 8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Camera Type
- 8.2.2. By Technology
- 8.2.3. By End User
9. Competitive Landscape
- 9.1. List of Key Players and Their Offerings
- 9.2. India CCTV Camera Company Market Share Analysis, 2022
- 9.3. Competitive Benchmarking, By Operating Parameters
- 9.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
10. Impact of Covid-19 on India CCTV Camera Market
11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 11.1. HIKVISION Digital Technology Co, Ltd.
- 11.2. Honeywell Commercial Security
- 11.3. Videocon Industries Limited
- 11.4. Zicom Electronic Security Systems
- 11.5. Dahua Technology India Pvt Ltd.
- 11.6. D-Link India Limited
- 11.7. Godrej Security Solution
- 11.8. Axis Video Systems India Pvt Ltd
- 11.9. Bosch Security Systems India
- 11.10. Electronic Eye Systems
- 11.11. Other Prominent Players
12. Key Strategic Recommendations
13. Research Methodology
- 13.1. Qualitative Research
- 13.1.1. Primary & Secondary Research
- 13.2. Quantitative Research
- 13.3. Market Breakdown & Data Triangulation
- 13.3.1. Secondary Research
- 13.3.2. Primary Research
- 13.4. Breakdown of Primary Research Respondents, By Region
- 13.5. Assumption & Limitation
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications-based on in-depth secondary for the final deliverable
List of Figures
- Figure 1 India CCTV Cameras Segmentation
- Figure 2 India CCTV Cameras Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 India CCTV Cameras Market Size, By Value (USD Million), 2019-2029
- Figure 5 India CCTV Cameras Market Share, By Camera Type, By Value, 2019-2029
- Figure 6 India CCTV Cameras Market Share, By Technology, By Value, 2019-2029
- Figure 7 India CCTV Cameras Market Share, By End User, By Value, 2019-2029
- Figure 8 North India CCTV Cameras Market Size, By Value (USD Million), 2019-2029
- Figure 9 North India CCTV Cameras Market Share, By Camera Type, By Value, 2019-2029
- Figure 10 North India CCTV Cameras Market Share, By Technology, By Value, 2019-2029
- Figure 11 North India CCTV Cameras Market Share, By End User, By Value, 2019-2029
- Figure 12 South India CCTV Cameras Market Size, By Value (USD Million), 2019-2029
- Figure 13 South India CCTV Cameras Market Share, By Camera Type, By Value, 2019-2029
- Figure 14 South India CCTV Cameras Market Share, By Technology, By Value, 2019-2029
- Figure 15 South India CCTV Cameras Market Share, By End User, By Value, 2019-2029
- Figure 16 East India CCTV Cameras Market Size, By Value (USD Million), 2019-2029
- Figure 17 East India CCTV Cameras Market Share, By Camera Type, By Value, 2019-2029
- Figure 18 East India CCTV Cameras Market Share, By Technology, By Value, 2019-2029
- Figure 19 East India CCTV Cameras Market Share, By End User, By Value, 2019-2029
- Figure 20 West India CCTV Cameras Market Size, By Value (USD Million), 2019-2029
- Figure 21 West India CCTV Cameras Market Share, By Camera Type, By Value, 2019-2029
- Figure 22 West India CCTV Cameras Market Share, By Technology, By Value, 2019-2029
- Figure 23 West India CCTV Cameras Market Share, By End User, By Value, 2019-2029
List of Tables
- Table 1 India CCTV Cameras Market Size, By Value (USD Million), 2019-2029
- Table 2 India CCTV Cameras Market Size, By Camera Type, By Value, 2019-2029
- Table 3 India CCTV Cameras Market Size, By Technology, By Value, 2019-2029
- Table 4 India CCTV Cameras Market Size, By End User, By Value, 2019-2029
- Table 5 North India CCTV Cameras Market Size, By Value (USD Million), 2019-2029
- Table 6 North India CCTV Cameras Market Size, By Camera Type, By Value, 2019-2029
- Table 7 North India CCTV Cameras Market Size, By Technology, By Value, 2019-2029
- Table 8 North India CCTV Cameras Market Size, By End User, By Value, 2019-2029
- Table 9 South India CCTV Cameras Market Size, By Value (USD Million), 2019-2029
- Table 10 South India CCTV Cameras Market Size, By Camera Type, By Value, 2019-2029
- Table 11 South India CCTV Cameras Market Size, By Technology, By Value, 2019-2029
- Table 12 South India CCTV Cameras Market Size, By End User, By Value, 2019-2029
- Table 13 East India CCTV Cameras Market Size, By Value (USD Million), 2019-2029
- Table 14 East India CCTV Cameras Market Size, By Camera Type, By Value, 2019-2029
- Table 15 East India CCTV Cameras Market Size, By Technology, By Value, 2019-2029
- Table 16 East India CCTV Cameras Market Size, By End User, By Value, 2019-2029
- Table 17 West India CCTV Cameras Market Size, By Value (USD Million), 2019-2029
- Table 18 West India CCTV Cameras Market Size, By Camera Type, By Value, 2019-2029
- Table 19 West India CCTV Cameras Market Size, By Technology, By Value, 2019-2029
- Table 20 West India CCTV Cameras Market Size, By End User, By Value, 2019-2029
- Table 21 HIKVISION Digital Technology Co, Ltd. Company Overview
- Table 22 HIKVISION Digital Technology Co, Ltd. Financial Overview
- Table 23 Honeywell Commercial Security Company Overview
- Table 24 Honeywell Commercial Security Financial Overview
- Table 25 Videocon Industries Limited Company Overview
- Table 26 Videocon Industries Limited Financial Overview
- Table 27 Zicom Electronic Security Systems Company Overview
- Table 28 Zicom Electronic Security Systems Financial Overview
- Table 29 Dahua Technology India Pvt Ltd. Company Overview
- Table 30 Dahua Technology India Pvt Ltd. Financial Overview
- Table 31 D-Link India Limited Company Overview
- Table 32 D-Link India Limited Financial Overview
- Table 33 Godrej Security Solution Company Overview
- Table 34 Godrej Security Solution Financial Overview
- Table 35 Axis Video Systems India Pvt Ltd Company Overview
- Table 36 Axis Video Systems India Pvt Ltd Financial Overview
- Table 37 Bosch Security Systems India Company Overview
- Table 38 Bosch Security Systems India Financial Overview
- Table 39 Electronic Eye Systems Company Overview
- Table 40 Electronic Eye Systems Financial Overview
