India CCTV Camera Market

India CCTV Camera Market Outlook (2023 to 2033)

According to Persistence Market Research, the CCTV camera market size in India reached a size of US$ 510.6 million in 2018. Demand for CCTV cameras in India recorded a Y-o-Y growth of 16.4% in 2022 and the market is estimated at US$ 1.04 billion in 2023. Looking ahead, from 2023 to 2033, CCTV camera sales in the country are projected to surge ahead at 17.8% CAGR and reach US$ 5.35 billion by 2033-end.

The CCTV camera market refers to the industry involved in the manufacturing, distribution, and installation of closed-circuit television (CCTV) cameras and associated surveillance equipment. Analog cameras, IP cameras, dome cameras, bullet cameras, PTZ cameras, and other specialized cameras are commonly used for monitoring.

• The India CCTV camera market accounts for a 2.5% share of the global video surveillance market in 2023.

The market serves a wide range of sectors, including residential, commercial, industrial, government, education, healthcare, transportation, and retail. These cameras are used for security, monitoring, surveillance, and recording purposes to prevent theft, vandalism, and other criminal activities, as well as to ensure the safety of individuals, properties, and assets.

The market encompasses not only the cameras themselves but also the supporting infrastructure, such as video management systems (VMS), network video recorders (NVR), storage solutions, video analytics software, and related accessories like cables, mounts, and power supplies. Increasing security concerns, government initiatives promoting surveillance systems, urbanization, and technological advancements in camera technology are pushing demand for CCTV cameras in India.

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What are the Factors Influencing the Demand for CCTV Cameras in India?

“Increasing Cases of Theft and Vandalism Boosting Demand for Efficient CCTV Systems”

The market in India has been transformed by advancements in high-definition (HD) and ultra-high-definition (UHD) video technology. These cameras offer superior image clarity, enabling better identification and monitoring of objects, individuals, and events. Demand for higher-resolution cameras is increasing across various sectors, including retail, transportation, and critical infrastructure.

Increasing concerns about public safety and the need to prevent crime are necessitating the production of efficient CCTV camera systems. Urban areas often face challenges related to theft and vandalism. Governments, businesses, and individuals are increasingly investing in CCTV camera systems to monitor public spaces, commercial establishments, residential complexes, and transportation hubs.

Availability of high-definition (HD) and ultra-high-definition (UHD) video technology has enabled users to remotely monitor and access CCTV camera feeds using smartphones, tablets, or web-based applications. This level of flexibility grants users the convenience of monitoring their premises from any location and at any time, delivering real-time situational awareness and remote management capabilities.

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What are the Hindrances to the Growth of the Indian CCTV Camera Market?

“Privacy and Cybersecurity Concerns Associated with CCTV Camera Systems”

Due to increasing awareness about data privacy rights, there is a growing emphasis on privacy regulations in India. Use of CCTV cameras, particularly in public spaces and residential areas, can raise concerns about the collection, storage, and use of personal data. Complying with privacy regulations and obtaining necessary permissions can be a complex and time-consuming process for businesses and individuals, potentially slowing down the adoption of CCTV cameras.

Growing interconnectivity of surveillance systems and the storage of video data pose cybersecurity risks. CCTV cameras connected to networks can be vulnerable to hacking, unauthorized access, or data breaches. As cybersecurity threats evolve, ensuring the integrity, confidentiality, and availability of video data becomes crucial to maintaining trust in the CCTV camera.

• In March 2023, Vivotek announced the development of its first facial recognition camera. The camera makes use of edge computing to determine the gender and age of people through video footage even when they are wearing a face mask.
• In February 2022, Hikvision launched its modern TandemVu PTZ camera range. These cameras feature a dual-lens design that allows them to capture both wide and narrow views simultaneously. This makes them ideal for applications where a large area or specific areas of interest need to be monitored.

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Category-wise Insights

Which Camera Type Accounts for a Leading Market Share?

“High Demand for Dome Cameras Due to Their Versatility and Unobtrusive Nature Facilitating Discreet Surveillance”

Dome cameras account for a leading market share of 37.3% in 2023.

Dome cameras are highly popular due to their versatile design, advanced features, and wide range of applications. Dome cameras are characterized by their dome-shaped housing, which allows for discreet surveillance in various indoor and outdoor settings.

The sleek and compact design of the camera blends well with the surroundings, making them less obtrusive and more aesthetically pleasing compared to other types of CCTV cameras. This makes them suitable for installations in various locations, including commercial buildings, offices, retail stores, hotels, and residential complexes.

With rising concerns about security and safety, both businesses and individuals are investing in video surveillance systems to protect their assets and monitor their surroundings. Government initiatives promoting the use of CCTV cameras in public places are driving market growth.

Will Commercial Sales of CCTV Cameras Remain High in India?

“Increasing Security Concerns in Commercial Establishments Driving Sales of CCTV Cameras with Enhanced Surveillance Capabilities”

Rising concerns regarding security and safety have prompted businesses to invest in advanced surveillance systems. CCTV cameras play a crucial role in deterring theft, vandalism, and unauthorized access, thereby providing a sense of security for employees, customers, and valuable assets. With the growing number of commercial establishments and the need to safeguard their premises, there is a substantial demand for CCTV cameras in this segment.

Advancements in technology have significantly enhanced the capabilities of CCTV cameras, making them more effective and efficient in addressing security challenges. High-definition cameras, intelligent video analytics, facial recognition, and remote monitoring are some of the features that have become increasingly prevalent in commercial CCTV systems.

Advancements enable businesses to not only capture and record footage but also analyze it in real time, allowing for proactive security measures. The commercial segment is expected to expand at a CAGR of 19% during the forecast period.

Zaid Sheikh
Client Partner

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Competitive Landscape

Major CCTV camera companies in India are collaborating and partnering with other organizations to expand their geographical footprint and enhance their offerings.

For instance:

• In August 2022, Camect and CheKT announced a partnership aimed at combating crime through quick object detection within security monitoring stations. The collaboration combines CheKT's security monitoring services with Camect's AI-powered object recognition analytics, streamlining both detection and prevention.
• In February 2021, Honeywell established a new research and development center in Brno, Czech Republic for its warehouse automation business. This center serves as a hub for enterprises across the continent, allowing them to prototype, test, and receive training on cutting-edge Honeywell material handling hardware and software solutions.
• In July 2021, Panasonic introduced a new line of AI-enabled security cameras in the region. The i-PRO S-Series cameras are specifically designed to support safe city programs by monitoring rapidly changing environments such as shopping malls, parks, museums, airports, and train stations.
• In February 2021, Hikvision, the world's largest video surveillance manufacturer, launched a new intelligent transportation systems (ITS) camera that enhances road safety and traffic flow. These ITS cameras assist in reducing traffic accidents by detecting and tracking vehicles, pedestrians, and other objects.

Recent developments related to key players providing CCTV cameras in India have been tracked by the analysts at Persistence Market Research, which are accessible in the full report.

India CCTV Camera Industry Report Scope

Key Segments of India CCTV Camera Industry Research

By Camera Type:

• Box Cameras
• Dome Cameras
• PTZ Cameras
• Fixed Bullet Cameras
• Others

By Technology:

• Analog-based
• IP-based
• AI-based

By End User:

• Residential
• Commercial
  • Banks & Financial Institutions
  • Educational Institutions
  • Retail Complexes
  • Healthcare Facilities
  • Transportation Infrastructure
  • Others
• Industrial
  • Manufacturing Plants
  • Power Plants
  • Others
• Government & Defense
  • Government Offices
  • Military Bases