Market Trends of India Electronic Security Industry
Surveillance Security System is Expected to Hold Major Share
- The state governments in India are increasingly adopting video surveillance equipment to improve security and safety. With the increasing emphasis on smart cities and integrated security surveillance, many cities have incorporated advanced video surveillance solutions in their region. Terrorism is undoubtedly another major issue in India, primarily due to the numerous terrorist attacks over the last twenty-five years.
- For instance, the Telangana government primarily focuses on improving surveillance on the streets to upgrade Hyderabad's safety. It asked enterprises, the public sector, residential associations, and individuals to install closed-circuit television cameras (CCTVs) in and around their premises.
- India's surveillance and security boom is fed by several companies, ranging from homegrown firms, such as CP Plus, to joint ventures, such as Prama Hikvision, to multinationals, such as Bosch, Panasonic, Honeywell, and Axis. For instance, the Telangana project helped Sweden-based Axis Communications widen its base in the Indian market. It has already installed 1,500 cameras, and more are expected to be installed soon.
- Women's safety is a significant concern in India, and video surveillance technology can help bolster the cause of women's safety. Hence, the Indian government is focusing on steadily increasing the number of city CCTV cameras. Mumbai has one of the highest numbers of CCTV cameras installed in public places, with more than 4,717 CCTV cameras being installed across 1,510 locations on major crossings and roads. Such instances related to security foster the growth of vendors offering video surveillance backed by AI-driven video analytics systems, which require less manual intervention and leverage the development of the video surveillance market.
- According to Visualcapitalist, in 2022, Indore City will have 63 surveillance cameras per 1,000 people which is the highest, followed by Hyderabad with 42 cameras.
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Government is Expected to Drive the Market
- The state governments in India are spending on initiatives to make their respective states more secure. The development of smart cities is one of the vital segments of infrastructural development, with the application of surveillance systems, alarm systems, and access controls.
- The government has increased the outlay for the digital India program by 67% to INR 10,676.18 crore for the 2022-2023 year. The increase has been mainly focused on account incentives to be given for electronic manufacturing, research and development, cybersecurity, and promotion of IT and IT-enabled services.
- For the local and state governments, security is a top priority. Government buildings are subjected to homeland security regulations, which may mean restricting entry. Access control systems can verify employees and limit access to departments and confidential information while maintaining public access to other areas.
- In India, as part of imposing more restrictions on visitors to the secretariat, the government decided to develop an access control system at all the entrances to the secretariat complex. With technical assistance from Kochi Metro Rail Ltd, the government has sanctioned the project costing INR 1.95 crore to be implemented by Keltron.
- In the defense sector, video surveillance has diverse applications, such as monitoring remote areas for human movement, coast guard vessels, offshore missile platforms, and perimeter security. Technological developments have led to unmanned airborne surveillance systems or drones.
- For instance, to boost the Indian Army's defense and surveillance systems used on the border, in recent years, Defense Research & Development Organization (DRDO) developed robust technology-enabled surveillance equipment called Video and Image Processing Enhancement and Recognition System (VIPERS).
- Further, according to Indira Gandhi International Airport, there is a substantial rise in monthly passenger traffic, the passenger traffic has increased from 4.92 millions in April 2022 to 6.13 millions in March 2023.
