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

Attributes	Details
Years Considered	Historical Data – 2019–2022
	Base Year – 2022
	Estimated Year – 2023
	Forecast Period – 2023–2029
Facts Covered	Revenue in USD Billion
Market Coverage	India
Product/ Service Segmentation	Camera Type, Technology, End User, Region
Key Players	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, Electronic Eye Systems

 

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

1. Research Framework
   1. Research Objective
   2. Camera Type Overview
   3. Market Segmentation
2. Executive Summary
3. India CCTV Camera Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Market Drivers
         1. Growing concerns regarding privacy across various enterprises, public sectors and residential associations
         2. Increasing demand for traffic surveillance, and security in educational institutes, railways and hospital
         3. Growth and expansion of smart cities and airports

5.2 Restraints

3. 2. 1. 4. Limited customer awareness regarding to specific usage of surveillance cameras
         5. High cost associated with video surveillance camera
      2. Opportunities
         1. Increasing demand for IP-based surveillance system to attract huge installation of video surveillance cameras
         2. Emergence of IoT, video analytics and HD CCTV
      3. Challenges
         1. Installation and maintenance challenges
         2. Increasing concern regarding data privacy and security
      4. Technological Advancements/Recent Developments
   3. Regulatory Framework
   4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India CCTV Camera Market Overview
   1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Camera Type
         1. Box Cameras
         2. Domes Cameras
         3.  PTZ Cameras
         4. Fixed Bullets Cameras
         5.  Others
      2. By Technology
         1. Analog-based
         2. IP-based
         3. AI-based
         4. Others
      3. By End User
         1. Government
         2. Industrial
         3. BFSI
         4. Transportation
         5. Others
      4. By Region
         1. North India
         2. South India
         3. East India
         4. West India
5. North India CCTV Camera Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Camera Type
      2. By Technology
      3. By End User
6. South India CCTV Camera Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Camera Type
      2. By Technology
      3. By End User
7. East India CCTV Camera Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Camera Type
      2. By Technology
      3. By End User
8. West India CCTV Camera Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Camera Type
      2. By Technology
      3. By End User
9.  Competitive Landscape
   1. List of Key Players and Their Offerings
   2. India CCTV Camera Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   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)
    1. HIKVISION Digital Technology Co, Ltd.
    2. Honeywell Commercial Security
    3. Videocon Industries Limited
    4. Zicom Electronic Security Systems
    5. Dahua Technology India Pvt Ltd.
    6. D-Link India Limited
    7. Godrej Security Solution
    8. Axis Video Systems India Pvt Ltd
    9. Bosch Security Systems India
    10. Electronic Eye Systems
    11. Other Prominent Players
12. Key Strategic Recommendations
13. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
       1. Secondary Research
       2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    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