India CCTV Market Size (2024 - 2029)

India CCTV Camera Market Analysis

The India CCTV Market size is estimated at USD 3.98 billion in 2024, and is expected to reach USD 10.17 billion by 2029, growing at a CAGR of 20.60% during the forecast period (2024-2029).

The attention to the importance of having CCTV cameras is growing as crime rates continue to remain high throughout the country. According to the city police commissioner of Delhi, in February 2022, the state reported 3,06,389 crime cases, up from 2,66,070 cases the previous year. Further, heinous crime cases in the national capital registered an almost 13% rise in the first six months of 2022 compared to last year. It reported 3,140 heinous crime cases until July 2022 compared to 2,790.

• The CCTV market has higher penetration in Tier 1 and 2 cities, which account for more than 80%. By region, the North dominates the CCTV market in India, followed by the South and West, contributing more than 55% of the market share (source: Hikvision). The major players in the Indian market are Godrej, Panasonic, Hikvision, Dahua, and others.
• The Indian Railways and the major transportation hubs in India are also deploying IP-based security techniques on a massive scale in waiting halls, reservation counters, parking areas, main entrances/exits, platforms, foot overbridges, booking offices, etc. According to the Indian Railways, the Ministry of Railways installed internet protocol (IP) based video surveillance systems (VSS) at railway stations to improve safety. Further, the railways are planning to install this video surveillance system (VSS) at 756 stations as part of the Nirbhaya Fund. The project's first phase, which includes significant stations in categories A1, A, B, and C, is expected to be finished by January 2023.
• Further, facial recognition, in particular, warrants a more in-depth discussion because of its increased use in public security projects. Around 16 different facial recognition systems are being deployed in other parts of the country by significant and various state governments, while 17 more are being deployed (source: Asmag). The railways have several surveillance cameras in use now, of which a few at the entrance and exit are used for facial recognition.
• For instance, in May 2022, Tenda, a networking device and equipment manufacturer, introduced the CP3, an AI-driven smart AI security camera with a 1080p image sensor for capturing Full HD footage. It has a pan/tilt design that allows for flexible rotation in all directions, covering 360° horizontally and 155° vertically (90° up, 65° down) with no blind spots.
• Furthermore, according to the construction world, the Indian Railways deployed nearly 500 facial recognition cameras to track millions of daily commuters. This is in line with the Indian government's improved surveillance efforts. The system was developed by NtechLab, a Russian start-up, and has been operational at approximately 30 railway stations in Gujarat and Maharashtra, including Mumbai, which will likely further drive the market growth.
• With the outbreak of COVID-19, the need for continuous monitoring in hospitals in India increased. The Maharashtra government made CCTV mandatory in all COVID-19 wards after receiving numerous complaints about hospital overcharging. Further, the Delhi government directed its Public Works Department (PWD) to install CCTV cameras in COVID-19 wards of all COVID-19-designated hospitals in New Delhi. Furthermore, artificial intelligence software could be loaded into CCTVs, which would perform the calculations and issue alarms if the appropriate social distance is not maintained.

India CCTV Camera Industry Segmentation

Closed-circuit television (CCTV), also known as videotape surveillance, is used to send a signal to a specific site using a limited number of monitors. In India, the demand for CCTVs is surging due to privacy concerns and innovative city initiatives. The study includes market drivers and challenges, along with enterprise attractiveness. The market scope comprises different types of CCTVs (analog and IP (fixed and PTZ)) among end-user verticals such as government, industrial, BFSI, transportation, and other end-user verticals.

The impact of COVID-19 on the market studied and segments are also covered under the scope of the study. Further, the disruption of the factors impacting the market's growth in the near future has been covered in the study regarding drivers and restraints.

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.