India CCTV Market (2024-2030) | Share, Industry, Size, Outlook, Analysis, Value, Revenue, Trends, Growth, Segmentation
Market Forecast By Product Types (Conventional, Discreet, Dome, Bullet CCTV Cameras), By Technology (Analog CCTV Systems, Wireless CCTV Systems, IP-based CCTV Systems, Hybrid CCTV Systems), By Applications (BFSI, Healthcare, Transportation, Education, Business, Retail), By Surveillance Components (CCTV Camera, Video Surveillance Storage Mechanisms, Video Surveillance Software, Analytics) And Competitive Landscape
| Product Code: ETC013604 | Publication Date: Mar 2024 | Updated Date: Mar 2024 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India CCTV Market Shipment Analysis
India CCTV Market registered a decline of -30.61% in value shipments in 2022 as compared to 2021 and an increase of 11.79% CAGR in 2022 over a period of 2017. In CCTV Market India is becoming more competitive as the HHI index in 2022 was 2613 while in 2017 it was 3327. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in CCTV Market.
India CCTV Market Competition 2023
India Export Potential Assessment For CCTV Market (USD Values in Thousand)
India CCTV Market Highlights
| Report Name | India CCTV Market |
| Forecast period | 2024-2030 |
| CAGR | 18% |
| Growing Sector | BFSI |
Topics Covered in India CCTV Market Report
The India CCTV Market Report thoroughly covers the market by product types, technology, applications, and surveillance components. The India CCTV Market Outlook report provides an unbiased and detailed analysis of the ongoing India CCTV Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
India CCTV Market Synopsis
India CCTV market has been experiencing significant growth and is expected to continue upward in the coming years. This growth of the market can be attributed to various factors such as increasing security concerns, government initiatives, and technological advancements in the CCTV industry.
According to 6Wresearch, the India CCTV Market size is projected to rise at a CAGR of 18% during 2024-2030. One of the key drivers for the growth of the India CCTV market is rising security concerns. With an increase in crime rates and terrorist activities, there has been a growing demand for surveillance systems to ensure safety and security. Another major factor contributing to the growth of the India CCTV market is government initiatives. The Indian government has launched various initiatives and programs such as Smart Cities Mission, Safe City Project, and Crime and Criminal Tracking Network System (CCTNS) that promote the use of surveillance systems for public safety.
However, despite the positive growth prospects, there are some challenges that could hinder the India CCTV Market growth. One of the major challenges is the high cost of installation and maintenance of CCTV systems. This can be a barrier for smaller businesses and individuals looking to invest in surveillance systems. Additionally, privacy concerns and lack of awareness about the benefits of CCTV cameras among certain segments of society can also impede the market's growth.
CCTV Market in India: Leading Players
The India CCTV market has seen significant growth in recent years due to the increasing demand for security and surveillance solutions. The key players in this market include Hikvision, Dahua Technology, CP Plus, Bosch Security Systems, and Honeywell. These companies offer a wide range of CCTV cameras and other related products such as video management software, storage systems, and network infrastructure.
India CCTV Industry: Government Initiatives
The government of India has taken several initiatives to promote the use of CCTV cameras for security purposes. In 2018, the Ministry of Home Affairs issued guidelines for the installation of CCTVs in all public places, including schools, airports, railway stations, and bus terminals. The government also introduced the BharatNet project, which aims to provide high-speed broadband connectivity to over 600,000 villages in India. This initiative is expected to increase the demand for CCTV cameras in rural areas as well.
Future Insights of the Market
The future of the India CCTV market looks positive with the growing adoption of advanced technologies such as Artificial Intelligence (AI) and Internet of Things (IoT). These technologies are being incorporated into CCTV systems to improve their effectiveness in detecting and preventing crime. Additionally, the increasing use of CCTV cameras in smart city projects and the rising awareness about the importance of security and surveillance are expected to drive market growth.
Market Segmentation by Product Types
According to Parth, Senior Research Analyst, 6Wresearch, discreet cameras are currently experiencing the highest growth in the Indian CCTV market. These cameras are compact and designed to be less noticeable, making them suitable for covert surveillance in both indoor and outdoor settings.
Market Segmentation by Applications
The BFSI (Banking, Financial Services and Insurance) segment is currently witnessing significant growth. In today's world, where financial frauds and cyber threats are on the rise, banks and financial institutions are increasingly investing in advanced security systems to safeguard their assets and protect their customers' personal information.
Key Attractiveness of the Report
- 10 Years of Market Numbers.
- Historical Data Starting from 2020 to 2023.
- Base Year: 2023
- Forecast Data until 2030.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- India CCTV Market Outlook
- Market Size of India CCTV Market, 2023
- Forecast of India CCTV Market, 2030
- Historical Data and Forecast of India CCTV Revenues & Volume for the Period 2020 - 2030
- India CCTV Market Trend Evolution
- India CCTV Market Drivers and Challenges
- India CCTV Price Trends
- India CCTV Porter's Five Forces
- India CCTV Industry Life Cycle
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Product Types for the Period 2020 - 2030
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Conventional for the Period 2020 - 2030
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Discreet for the Period 2020 - 2030
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Dome for the Period 2020 - 2030
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Bullet CCTV Cameras for the Period 2020 - 2030
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Technology for the Period 2020 - 2030
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Analog CCTV Systems for the Period 2020 - 2030
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Wireless CCTV Systems for the Period 2020 - 2030
- Historical Data and Forecast of India CCTV Market Revenues & Volume By IP-based CCTV Systems for the Period 2020 - 2030
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Hybrid CCTV Systems for the Period 2020 - 2030
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Applications for the Period 2020 - 2030
- Historical Data and Forecast of India CCTV Market Revenues & Volume By BFSI? for the Period 2020 - 2030
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Healthcare for the Period 2020 - 2030
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Transportation for the Period 2020 - 2030
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Education for the Period 2020 - 2030
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Business for the Period 2020 - 2030
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Retail for the Period 2020 - 2030
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Surveillance Components for the Period 2020 - 2030
- Historical Data and Forecast of India CCTV Market Revenues & Volume By CCTV Camera for the Period 2020 - 2030
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Video Surveillance Storage Mechanisms for the Period 2020 - 2030
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Video Surveillance Software for the Period 2020 - 2030
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Analytics for the Period 2020 - 2030
- India CCTV Import Export Trade Statistics
- Market Opportunity Assessment By Product Types
- Market Opportunity Assessment By Technology
- Market Opportunity Assessment By Applications
- Market Opportunity Assessment By Surveillance Components
- India CCTV Top Companies Market Share
- India CCTV Competitive Benchmarking By Technical and Operational Parameters
- India CCTV Company Profiles
- India CCTV Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Product Types
- Conventional
- Discreet
- Dome
- Bullet CCTV Cameras
By Technology
- Analog CCTV Systems
- Wireless CCTV Systems
- IP-Based CCTV Systems
- Hybrid CCTV Systems
By Applications
- BFSI
- Healthcare
- Transportation
- Education
- Business
- Retail
By Surveillance Components
- CCTV Camera
- Video Surveillance Storage Mechanisms
- Video Surveillance Software
- Analytics
India CCTV Market: FAQs
Rapidly increasing population growth and urbanization, leading to an expansion of commercial places have accelerated CCTV installation. These are several factors burgeoning the India CCTV Market growth.
BFSI and retail sectors are dominating & contributing to the growth of the India CCTV Market in the country due to a high demand for security measures to protect from fraud and any sort of suspicious activities.
The high cost of smart CCTVs integrated with advanced technology and the lack of skilled labors are several challenges that are hampering India CCTV Market.
The COVID-19 impact was mixed on the India CCTV market on account of the closure of businesses had decreased CCTV installations while remote working surged the demand for remote monitoring solutions, cloud-based systems secured a slight growth in the market.
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| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 India CCTV Market Overview |
| 3.1 India CCTV Market Revenues & Volume, 2020 - 2030F |
| 3.2 India CCTV Market - Industry Life Cycle |
| 3.3 India CCTV Market - Porter's Five Forces |
| 3.4 India CCTV Market Revenues & Volume Share, By Product Types, 2020 & 2030F |
| 3.5 India CCTV Market Revenues & Volume Share, By Technology, 2020 & 2030F |
| 3.6 India CCTV Market Revenues & Volume Share, By Applications, 2020 & 2030F |
| 3.7 India CCTV Market Revenues & Volume Share, By Surveillance Components, 2020 & 2030F |
| 4 India CCTV Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 India CCTV Market Trends |
| 6 India CCTV Market Segmentation |
| 6.1 India CCTV Market, By Product Types |
| 6.1.1 Overview and Analysis |
| 6.1.2 India CCTV Market Revenues & Volume, By Product Types, 2020 - 2030F |
| 6.1.3 India CCTV Market Revenues & Volume, By Conventional, 2020 - 2030F |
| 6.1.4 India CCTV Market Revenues & Volume, By Discreet, 2020 - 2030F |
| 6.1.5 India CCTV Market Revenues & Volume, By Dome, 2020 - 2030F |
| 6.1.6 India CCTV Market Revenues & Volume, By Bullet CCTV Cameras, 2020 - 2030F |
| 6.2 India CCTV Market, By Technology |
| 6.2.1 Overview and Analysis |
| 6.2.2 India CCTV Market Revenues & Volume, By Analog CCTV Systems, 2020 - 2030F |
| 6.2.3 India CCTV Market Revenues & Volume, By Wireless CCTV Systems, 2020 - 2030F |
| 6.2.4 India CCTV Market Revenues & Volume, By IP-based CCTV Systems, 2020 - 2030F |
| 6.2.5 India CCTV Market Revenues & Volume, By Hybrid CCTV Systems, 2020 - 2030F |
| 6.3 India CCTV Market, By Applications |
| 6.3.1 Overview and Analysis |
| 6.3.2 India CCTV Market Revenues & Volume, By BFSI, 2020 - 2030F |
| 6.3.3 India CCTV Market Revenues & Volume, By Healthcare, 2020 - 2030F |
| 6.3.4 India CCTV Market Revenues & Volume, By Transportation, 2020 - 2030F |
| 6.3.5 India CCTV Market Revenues & Volume, By Education, 2020 - 2030F |
| 6.3.6 India CCTV Market Revenues & Volume, By Business, 2020 - 2030F |
| 6.3.7 India CCTV Market Revenues & Volume, By Retail, 2020 - 2030F |
| 6.4 India CCTV Market, By Surveillance Components |
| 6.4.1 Overview and Analysis |
| 6.4.2 India CCTV Market Revenues & Volume, By CCTV Camera, 2020 - 2030F |
| 6.4.3 India CCTV Market Revenues & Volume, By Video Surveillance Storage Mechanisms, 2020 - 2030F |
| 6.4.4 India CCTV Market Revenues & Volume, By Video Surveillance Software, 2020 - 2030F |
| 6.4.5 India CCTV Market Revenues & Volume, By Analytics, 2020 - 2030F |
| 7 India CCTV Market Import-Export Trade Statistics |
| 7.1 India CCTV Market Export to Major Countries |
| 7.2 India CCTV Market Imports from Major Countries |
| 8 India CCTV Market Key Performance Indicators |
| 9 India CCTV Market - Opportunity Assessment |
| 9.1 India CCTV Market Opportunity Assessment, By Product Types, 2020 & 2030F |
| 9.2 India CCTV Market Opportunity Assessment, By Technology, 2020 & 2030F |
| 9.3 India CCTV Market Opportunity Assessment, By Applications, 2020 & 2030F |
| 9.4 India CCTV Market Opportunity Assessment, By Surveillance Components, 2020 & 2030F |
| 10 India CCTV Market - Competitive Landscape |
| 10.1 India CCTV Market Revenue Share, By Companies, 2023 |
| 10.2 India CCTV Market Competitive Benchmarking, By Operating and Technical Parameters |
| 11 Company Profiles |
| 12 Recommendations |
| 13 Disclaimer |
Market Forecast By Product Types (Conventional, Discreet, Dome, Bullet CCTV Cameras), By Technology (Analog CCTV Systems, Wireless CCTV Systems, IP-based CCTV Systems, Hybrid CCTV Systems), By Applications (BFSI, Healthcare, Transportation, Education, Business, Retail), By Surveillance Components (CCTV Camera, Video Surveillance Storage Mechanisms, Video Surveillance Software, Analytics) And Competitive Landscape
| Product Code: ETC013604 | Publication Date: Aug 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
India CCTV Market| Country-Wise Share and Competition Analysis
In the year 2021, Viet Nam was the largest exporter in terms of value, followed by China. It has registered a decline of -0.15% over the previous year. While China registered a decline of -8.17% as compared to the previous year. In the year 2017, China was the largest exporter followed by Thailand. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, India has a Herfindahl index of 3327 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of 2616 which signifies high concentration in the market.
India CCTV Market - Export Market Opportunities
Topics Covered in the India CCTV Market
India CCTV Market report thoroughly covers the market by product types, by technology, by applications, and by surveillance components. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Latest (2023) Development of the India CCTV Market
India CCTV Market is projected to secure tremendous growth owing to ongoing various latest developments such as rising demand for AI-powered technologies and cloud-based storage surveillance solutions. Additionally, equipped security systems are increasingly becoming popular that are integrated with several advanced technologies like facial recognition and behavioral analytics are estimated to widen the India CCTV industry landscape in the market in the upcoming years. Moreover, Key giant companies are investing heavily in expanding their product portfolio by developing innovative security ranges is again a major factor driving the market growth at a rapid pace in the coming years.
India CCTV Market Synopsis
India CCTV Market is surging in the country underpinned by the rising smart city initiative by the government where demand for smart & intelligent camera requirements is rising equipped with advanced features including, AI- enables and machine learning equipped. Also, India has been increasingly becoming a smart country with the rising technological advancements among various sectors, hence installation of smart cameras is increasing at a rapid pace and is estimated to accelerate the market growth.
According to 6Wresearch, the India CCTV Market size is projected to gain momentum during 2020-2026. The market is driven by the rising adoption in the residential sector with growing security concerns. Also, expansion of the commercial places, rapid urbanization, and increasing population rate are estimated to bolster the demand for CCTVs and further estimated to burgeon the market growth in the country. On the other hand, lack of standardization and intense competition leading to reduce profit margin rates are estimated to restrain the market to grow potentially. However, some ongoing opportunities & trends in the market likely to propel the India CCTV Market growth are AI-based facial recognition software and high-resolution monitoring need are securing a high product demand in the country.
COVID-19 Impact on India CCTV Market
The COVID-19 pandemic had seen a slightly mixed impact on the India CCTV Market. The imposed strict regulations during the pandemic time to cease the virus spread led to the closure of all industrial functions and companies which further resulted in a decline in CCTVs adoption. However, remote working had accelerated the demand for cloud-based storage systems in the country. Overall, the India CCTV Market share declined at the time of COVID-19.
Key Players in the India CCTV Market
Some of the notable key payers are mentioned below:
- Hikvision
- CP Plus
- Dahua Technology
- Axis Communications
- Samsung Techwin
- Honeywell Security
Market Analysis by Product Types
Based on the product types, Dome CCTV Cameras are holding the largest market share in the country on account of their benefits such as, vandal resistance, and capacity to cover wider areas.
Market Analysis by Technology
Based on the technology, IP-based systems are experiencing prominent growth in the market due to their various benefits like scalability, and remote accessibility. Also, analog cameras are being replaced IP based cameras which is again another factor proliferating the growth of the market.
Market Analysis by Applications
Based on the applications, the BFSI and retail sectors are witnessing significant growth in the market driven by high-security needs in the country. Hence, CCTVs adoption is high to ensure smart security.
Market Analysis by Surveillance Components
According to Shivankar, Research Manager, 6Wresearch, Video Surveillance Software, and Analytics is rising the small to large businesses to enhance security and export required insights from video footage.
Key attractiveness of the report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2016 to 2019.
- Base Year: 2019.
- Forecast Data until 2026.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- India CCTV Market Outlook
- Market Size of India CCTV Market, 2019
- Forecast of India CCTV Market, 2026
- Historical Data and Forecast of India CCTV Revenues & Volume for the Period 2016 - 2026
- India CCTV Market Trend Evolution
- India CCTV Market Drivers and Challenges
- India CCTV Price Trends
- India CCTV Porter's Five Forces
- India CCTV Industry Life Cycle
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Product Types for the Period 2016 - 2026
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Conventional for the Period 2016 - 2026
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Discreet for the Period 2016 - 2026
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Dome for the Period 2016 - 2026
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Bullet CCTV Cameras for the Period 2016 - 2026
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Technology for the Period 2016 - 2026
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Analog CCTV Systems for the Period 2016 - 2026
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Wireless CCTV Systems for the Period 2016 - 2026
- Historical Data and Forecast of India CCTV Market Revenues & Volume By IP-based CCTV Systems for the Period 2016 - 2026
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Hybrid CCTV Systems for the Period 2016 - 2026
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Applications for the Period 2016 - 2026
- Historical Data and Forecast of India CCTV Market Revenues & Volume By BFSI? for the Period 2016 - 2026
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Healthcare for the Period 2016 - 2026
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Transportation for the Period 2016 - 2026
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Education for the Period 2016 - 2026
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Business for the Period 2016 - 2026
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Retail for the Period 2016 - 2026
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Surveillance Components for the Period 2016 - 2026
- Historical Data and Forecast of India CCTV Market Revenues & Volume By CCTV Camera for the Period 2016 - 2026
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Video Surveillance Storage Mechanisms for the Period 2016 - 2026
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Video Surveillance Software for the Period 2016 - 2026
- Historical Data and Forecast of India CCTV Market Revenues & Volume By Analytics for the Period 2016 - 2026
- India CCTV Import Export Trade Statistics
- Market Opportunity Assessment By Product Types
- Market Opportunity Assessment By Technology
- Market Opportunity Assessment By Applications
- Market Opportunity Assessment By Surveillance Components
- India CCTV Top Companies Market Share
- India CCTV Competitive Benchmarking By Technical and Operational Parameters
- India CCTV Company Profiles
- India CCTV Key Strategic Recommendations
Market Covered
The report offers a comprehensive study of the subsequent market segments:
By Product Types
- Conventional
- Discreet
- Dome
- Bullet CCTV Cameras
By Technology
- Analog CCTV Systems
- Wireless CCTV Systems
- IP-Based CCTV Systems
- Hybrid CCTV Systems
By Applications
- BFSI
- Healthcare
- Transportation
- Education
- Business
- Retail
By Surveillance Components
- CCTV Camera
- Video Surveillance Storage Mechanisms
- Video Surveillance Software
- Analytics
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