India Surveillance Camera Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.70 Billion |
| Market Size (2029) | USD 6.20 Billion |
| CAGR (2024 - 2029) | 10.80 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
India Surveillance Camera Market Analysis
The India Surveillance Camera Market size is estimated at USD 3.70 billion in 2024, and is expected to reach USD 6.20 billion by 2029, growing at a CAGR of 10.80% during the forecast period (2024-2029).
- India grapples with a spectrum of security threats, from terrorist attacks to urban crime and communal unrest, fueling a surge in the need for advanced surveillance systems. The government is channeling significant investments into deploying surveillance cameras, especially in high-risk zones, public domains, and vital infrastructure. Concurrently, the private sector, spanning businesses to residential complexes, is ramping up its use of surveillance cameras to fortify local security.
- Further, India's population is rapidly expanding, with a notable concentration in urban centers. This swift urbanization underscores the necessity for heightened security measures. Consequently, there has been a notable uptick in installing surveillance cameras to oversee and regulate these swelling urban populations. Major cities like Delhi, Mumbai, and Kolkata, grappling with dense populations, are increasingly turning to surveillance systems to bolster public safety and enhance urban management.
- The Indian government mandates the installation of surveillance camera systems in key sectors like banking, retail, and education. For instance, in March 2023, the Assam Public Safety (Measures) Enforcement Bill mandated the installation of surveillance cameras within a specified timeframe. Failure to comply will result in local authorities sealing the premises. The bill's rationale underscores its role as a deterrent to crime, emphasizing public safety across diverse settings, including commercial, industrial, religious, educational, governmental, sports, and residential spaces. The government has rolled out initiatives, offering incentives and financial backing, to drive the broader adoption of surveillance technology.
- Surveillance camera applications in India have transcended their traditional role in security and crime prevention. Due to the integration of advanced analytics and artificial intelligence, these cameras now find applications in diverse fields. From traffic management and crowd monitoring to industrial automation, smart farming, and environmental surveillance, the reach of these systems has broadened significantly. This enhanced versatility has not only unlocked fresh opportunities but spurred a surge in demand within the Indian market.
- However, small and medium-sized enterprises, along with rural and remote areas, often find the installation and maintenance of advanced surveillance camera systems prohibitively expensive. The significant upfront costs, coupled with ongoing operational expenses, pose a challenge to the widespread adoption of such technologies.
- Macroeconomic factors like India's expanding middle class and increasing disposable incomes have empowered consumers and enterprises alike to embrace surveillance camera systems. With greater financial means, households and enterprises are prioritizing security, leading to a surge in investments in advanced surveillance technologies.
India Surveillance Camera Market Trends
IP-based Camera Type is Expected to Register Significant Growth Rate
- The swift shift from analog to IP cameras has transformed the landscape of video surveillance solutions. This transition brings sharper, high-definition digital images and notable advancements in video analytics and neural networks. Unlike analog counterparts, IP cameras transmit purely digital signals, enhancing video detail. This digital clarity makes them particularly adept at facial recognition and license plate number detection tasks.
- The commercial and industrial sectors primarily steer India's demand for IP-based cameras, including retail, manufacturing, and logistics. According to the Retailers Association of India, in March 2024, the retail industry in South India led the nation with a robust sales growth of 9%, outpacing the Eastern region's 6% increase. This industry increasingly leverages advanced surveillance technologies to bolster security, streamline operations, and boost productivity. Notably, video analytics and remote monitoring appeal significantly to these sectors.
- Further, IP-based surveillance camera systems are rapidly gaining traction among government agencies and public safety organizations in India. These cutting-edge technologies find diverse applications, from traffic management to crime prevention and emergency response coordination. Their scalability and seamless integration features render them ideal for the expansive projects undertaken by the government and public safety sectors.
- In India, domestic and international manufacturers are addressing the increasing demand for IP-based surveillance cameras. They are introducing a wide range of models, each equipped with distinct features and capabilities, to meet the diverse needs of various end users. The rise in local production has enhanced affordability and improved accessibility for Indian customers.
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Banking End-user Industry is Expected to Hold a Significant Market Share
- Indian banks and financial institutions face persistent risks, from security breaches to fraud. To combat these threats, they are increasingly turning to IP-based surveillance cameras. These cameras boast advanced features like high-resolution imaging, facial recognition, and video analytics. Their prowess in identifying and tracking individuals and the ability to monitor suspicious activities positions them as indispensable assets in the banking sector's security arsenal.
- India's banking sector operates under strict regulatory mandates, particularly from entities like the Reserve Bank of India (RBI). The RBI underscores the necessity of video surveillance in banking to uphold transparency, accountability, and industry standards. In this context, IP-based camera systems, known for their robust storage and data management, emerge as the ideal solution to fulfill the sector's stringent auditing and regulatory needs.
- Indian banks are aggressively expanding their branch networks and rolling out numerous ATMs nationwide. According to NPCI, as of June 2023, the National Financial Switch (NFS) network boasted over 266,000 ATMs. This network, comprising nearly 1,200 affiliates, facilitates over 300 million transactions, solidifying its position as India's largest ATM network. Safeguarding these physical assets, from branches to ATMs, has become a top priority. Here, surveillance cameras take center stage, bolstering security and dissuading criminal activities. These cameras empower banks to swiftly and efficiently address incidents equipped with remote monitoring, motion detection, etc.
- Further, banks are prioritizing customer safety and deploying advanced surveillance cameras. These cameras, equipped with features such as people counting and customer behavior analysis enhance security and aid in optimizing branch layouts and operations, ultimately elevating the customer experience.
India Surveillance Camera Industry Overview
The Indian surveillance camera market is fragmented by nature, with several global and local players. Companies adhere to the country's stringent regulations and focus on innovations through research and development. Strategic initiatives like partnerships, collaborations, mergers, and acquisitions are significantly strengthening their market position. The major market players include CP PLUS, Zicom, Vantage Security, Hangzhou Hikvision Digital Technology Co. Ltd, and Infinova Group, among other companies.
- July 2024: CP PLUS has been selected as the exclusive partner to bolster the security infrastructure of the State Bank of India (SBI), a cornerstone of the nation's financial landscape. This collaboration extends across more than 3,600 SBI branches in Maharashtra and Rajasthan, introducing a new security and operational efficiency era through advanced IP technology developed in India. The adoption of CP PLUS's advanced security offerings not only revolutionizes the banking sector but also underscores the nation's commitment to pioneering technology solutions, further establishing India's global leadership in cutting-edge security measures.
- March 2024: CP PLUS, in line with PM Modi's vision for India's growth, champions the 'Made-in-Bharat' initiative. The company focuses on innovation, local production, and training programs to uplift security sector professionals. This underscores CP PLUS's dedication to excellence and leadership in the industry. As part of its expansion, CP PLUS is bolstering its distributor and SI network, boasting a direct presence in every nook of India through its extensive partner base of over 15,000.
India Surveillance Camera Market Leaders
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CP PLUS
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Zicom
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Vantage Security
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Hangzhou Hikvision Digital Technology Co., Ltd.
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Infinova Group
*Disclaimer: Major Players sorted in no particular order
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India Surveillance Camera Market News
- April 2024: India is bolstering the security of its government institutions by introducing a regulation that phases out Chinese-made surveillance cameras. This decision reflects mounting apprehensions over the security vulnerabilities linked to these devices. Current figures indicate that India boasts a surveillance camera count exceeding two million. Alarmingly, an estimated one million of these cameras are of Chinese origin, heightening fears of data breaches and unauthorized intrusions. In response, the Indian government has set a deadline of October 2024 to enforce this new regulation.
- January 2024: Consistent Infosystems has expanded its Security & Surveillance product line by launching a new series of Made in India surveillance cameras. This move bolsters its robust offerings in the IT, electronic, and home entertainment sectors. The latest lineup includes a diverse set of cameras: the Smart Wireless 4G PT Camera, 4G Solar Camera, Wireless Pan-Tilt Wifi 3MP/4MP Mini Wi-Fi P2P Plug and Play, 4G Color Camera, and the 4G Dome CCTV Camera, providing a comprehensive surveillance solution.
India Surveillance Camera Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
- 4.1 Market Overview
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4.2 Industry Attractiveness - Porter's Five Forces Analysis
- 4.2.1 Threat of New Entrants
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Bargaining Power of Suppliers
- 4.2.4 Threat of Substitute Products
- 4.2.5 Intensity of Competitive Rivalry
- 4.3 Industry Value Chain Analysis
- 4.4 An Assessment of Macroeconomic Trends on the Market
5. MARKET DYNAMICS
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5.1 Market Drivers
- 5.1.1 Increasing Public Safety and Security Concerns
- 5.1.2 Rapid Urbanization and Population Growth
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5.2 Market Restraint
- 5.2.1 High Initial Installation Cost of a Surveillance Camera
6. MARKET SEGMENTATION
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6.1 By Type
- 6.1.1 Analog-based
- 6.1.2 IP-based
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6.2 By End-user Industry
- 6.2.1 Government
- 6.2.2 Banking
- 6.2.3 Healthcare
- 6.2.4 Transportation and Logistics
- 6.2.5 Industrial
- 6.2.6 Other End-user Industries (Education Institutions, Retail, and Enterprises)
7. COMPETITIVE LANDSCAPE
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7.1 Company Profiles
- 7.1.1 CP PLUS
- 7.1.2 Panasonic Holdings Corporation
- 7.1.3 Samsung Electronics Co. Ltd
- 7.1.4 Hangzhou Hikvision Digital Technology Co. Ltd
- 7.1.5 Infinova Group
- 7.1.6 Zicom
- 7.1.7 Shenzhen TVT Digital Technology Co. Ltd
- 7.1.8 Sony Corporation
- 7.1.9 Vantage Security
- 7.1.10 Dahua Technology Co. Ltd
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
** Subject To Availablity**Subject to Availability
India Surveillance Camera Industry Segmentation
Surveillance cameras monitor public areas from a distance, often in plain view. The market size is defined by the revenue generated from surveillance camera sales across multiple end-user industries sold by various vendors. The study delves into growth trends and the influence of macroeconomic factors on the market.
The Indian surveillance camera market is segmented by type (analog-based, IP-based), by end-user industry (government, banking, healthcare, transportation and logistics, industrial, and other end-user industries [education institutions, retail, and enterprises]). The report offers market forecasts and size in value (USD) for all the above segments.
| By Type | Analog-based |
| IP-based | |
| By End-user Industry | Government |
| Banking | |
| Healthcare | |
| Transportation and Logistics | |
| Industrial | |
| Other End-user Industries (Education Institutions, Retail, and Enterprises) |
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India Surveillance Camera Market Research FAQs
How big is the India Surveillance Camera Market?
The India Surveillance Camera Market size is expected to reach USD 3.70 billion in 2024 and grow at a CAGR of 10.80% to reach USD 6.20 billion by 2029.
What is the current India Surveillance Camera Market size?
In 2024, the India Surveillance Camera Market size is expected to reach USD 3.70 billion.
Who are the key players in India Surveillance Camera Market?
CP PLUS, Zicom, Vantage Security, Hangzhou Hikvision Digital Technology Co., Ltd. and Infinova Group are the major companies operating in the India Surveillance Camera Market.
What years does this India Surveillance Camera Market cover, and what was the market size in 2023?
In 2023, the India Surveillance Camera Market size was estimated at USD 3.30 billion. The report covers the India Surveillance Camera Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Surveillance Camera Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
India Surveillance Camera Industry Report
Statistics for the 2024 India Surveillance Camera market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Surveillance Camera analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
India Surveillance Camera Market Report Snapshots
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