Report Overview

The rising privacy concerns in enterprises, public sectors, and residential communities, growing need for surveillance and security in educational institutions, railways, and hospitals, and expansion of smart cities and airports contributing to market growth are projected to propel the expansion of the India CCTV Camera Market during the forecast period between 2023 and 2029

India CCTV Camera Market - Industry Trends & Forecast Report, 2029

India CCTV camera market size was estimated at USD 4.38 billion in 2022. During the forecast period between 2023 and 2029, the size of India CCTV camera market is projected to grow at a 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 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, the factors like 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 industry.

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 sector 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.

India CCTV Camera Market

Growth Drivers

Advancements in High-Definition CCTV Cameras Reshaping Surveillance in India

India's CCTV camera market has undergone a significant transformation due to the remarkable progress in high-definition (HD) and ultra-high-definition (UHD) video technology. These cutting-edge cameras offer superior image clarity, enhancing object and event monitoring across sectors like retail, transportation, and critical infrastructure. Increasing concerns about public safety have driven the demand for efficient CCTV camera systems in urban areas, addressing challenges related to theft and vandalism. Governments, businesses, and individuals are investing substantially in surveillance systems for public spaces, commercial establishments, and residential complexes. Furthermore, the accessibility of HD and UHD video technology enables remote monitoring via smartphones, tablets, or web-based applications, revolutionizing surveillance practices across India.

Restraints

Limited Customer Awareness Regarding to Specific Usage of Surveillance Cameras

Limited customer awareness regarding the specific usage of surveillance cameras poses a significant restraint to the India CCTV camera market. While the market offers a wide range of advanced CCTV solutions, potential users often lack the knowledge to select and deploy these systems effectively. This lack of awareness can lead to suboptimal choices, hindering the full potential of surveillance technology. Bridging this gap through education and outreach efforts is essential to unlock the market's growth potential, empower users to make informed decisions, and address security concerns effectively in various sectors, from residential to commercial and public spaces, fostering a safer environment.

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

Segmental Coverage

India CCTV Camera Market – By Camera Type

By camera type, the India CCTV camera market is divided into Box Cameras, Domes Cameras, PTZ Cameras, and Fixed Bullets Cameras segments.

India CCTV Camera Market – By Technology

Based on technology, the India CCTV camera market is divided into Analog-based, IP-based, and AI-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.

India CCTV Camera Market – By End User

On the basis of end user, the India CCTV camera market is divided into Government, Industrial, BFSI, and Transportation segments. The government segment held the highest share in the India CCTV camera market by end user. CCTV devices have transformed policing, serving as essential tools in criminal investigations. Chennai boasts the highest CCTV coverage per square kilometer (657) and per 1,000 population (25.5) among 130 global cities, with Hyderabad closely following. State governments are increasingly adopting video surveillance to enhance safety. For example, Greater Hyderabad Municipal Corporation approved a plan to install 8,000 CCTV cameras in parks and slums. Mumbai Police extended the deadline for CCTV installation in buildings. Gurugram Metropolitan Development Authority deployed facial recognition-equipped cameras, and the Supreme Court addressed Delhi's school CCTV installation order.

India CCTV Camera Market – By Region

Regionally, the India CCTV camera market is divided into North India, South India, East India, and West India.

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.

Recent Developments

• In March 2023 - According to preliminary data, electronic exports ascended to the position of the sixth-largest export commodity group in India. This development is highly positive for India's burgeoning electronic security manufacturing sector, showcasing a manufacturing success story that holds the potential to be emulated within the CCTV and security industry segment.

Scope of the Report

By Camera Type

• Box Cameras

• Domes Cameras

• PTZ Cameras

• Fixed Bullets Cameras

By Technology

• Analog-based

• IP-based

• AI-based

By End User

• Government

• Industrial

• BFSI

• Transportation

By Region

• North India

• South India

• East India

• West India