| Product Code: ETC4558585 | Publication Date: Jul 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India industrial security systems market import shipment demonstrated robust growth with a CAGR of 17.6% from 2020 to 2024. However, there was a notable slowdown in the growth rate between 2023 and 2024, showing a decline of 20.5%. Despite the dip in growth momentum, the market maintained an overall upward trend during the period.
The India Industrial Security Systems market is expanding in response to the growing need for comprehensive security solutions in industrial and commercial settings. Industrial security systems encompass access control, surveillance, and intrusion detection technologies. With the increasing importance of protecting critical infrastructure, manufacturing facilities, and commercial complexes, the market is experiencing strong growth. Both local and international security system providers are competing to deliver advanced and integrated security solutions to address the diverse security challenges faced by businesses in India.
The India industrial security systems market is driven by a growing need for enhanced security in manufacturing and industrial facilities. Factors such as increased incidents of theft, vandalism, and the need to protect critical infrastructure drive the demand for surveillance cameras, access control systems, and intrusion detection systems.
The challenge lies in developing comprehensive security systems that can adapt to dynamic threats and vulnerabilities. Manufacturers face the ongoing task of creating integrated systems that provide robust protection, addressing cybersecurity concerns, and maintaining user-friendly interfaces for efficient operation and threat management.
The industrial security systems market in India witnessed a mixed impact during the COVID-19 pandemic. While some sectors scaled back security investments due to financial constraints, others, especially critical infrastructure, increased their focus on security and surveillance. The demand for contactless and remote surveillance solutions surged as businesses sought to maintain security while adhering to social distancing norms. The pandemic accelerated the adoption of advanced security technologies like AI-based surveillance systems and thermal imaging for temperature screening. The market is likely to continue its growth as organizations prioritize security and adapt to new security challenges.
Major players in the India industrial security systems market are Honeywell International Inc., Bosch Security Systems, Johnson Controls, Inc., Axis Communications, and Hikvision Digital Technology Co., Ltd.
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 Industrial Security Systems Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Industrial Security Systems Market Revenues & Volume, 2021 & 2031F |
3.3 India Industrial Security Systems Market - Industry Life Cycle |
3.4 India Industrial Security Systems Market - Porter's Five Forces |
3.5 India Industrial Security Systems Market Revenues & Volume Share, By Systems, 2021 & 2031F |
3.6 India Industrial Security Systems Market Revenues & Volume Share, By End Users, 2021 & 2031F |
4 India Industrial Security Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing incidents of theft and vandalism in industrial sectors in India |
4.2.2 Rising awareness about the importance of industrial security measures |
4.2.3 Stringent government regulations mandating the use of security systems in industries |
4.3 Market Restraints |
4.3.1 High initial investment required for implementing industrial security systems |
4.3.2 Lack of skilled workforce for maintaining and operating security systems in industrial settings |
5 India Industrial Security Systems Market Trends |
6 India Industrial Security Systems Market, By Types |
6.1 India Industrial Security Systems Market, By Systems |
6.1.1 Overview and Analysis |
6.1.2 India Industrial Security Systems Market Revenues & Volume, By Systems, 2021-2031F |
6.1.3 India Industrial Security Systems Market Revenues & Volume, By Video, 2021-2031F |
6.1.4 India Industrial Security Systems Market Revenues & Volume, By RFID, 2021-2031F |
6.1.5 India Industrial Security Systems Market Revenues & Volume, By Access Control, 2021-2031F |
6.1.6 India Industrial Security Systems Market Revenues & Volume, By Intrusion Detection, 2021-2031F |
6.1.7 India Industrial Security Systems Market Revenues & Volume, By Parking Management, 2021-2031F |
6.1.8 India Industrial Security Systems Market Revenues & Volume, By Under Vehicle Inspection, 2021-2031F |
6.2 India Industrial Security Systems Market, By End Users |
6.2.1 Overview and Analysis |
6.2.2 India Industrial Security Systems Market Revenues & Volume, By SEZ, 2021-2031F |
6.2.3 India Industrial Security Systems Market Revenues & Volume, By Factories, 2021-2031F |
6.2.4 India Industrial Security Systems Market Revenues & Volume, By Hotels, 2021-2031F |
6.2.5 India Industrial Security Systems Market Revenues & Volume, By Banks, 2021-2031F |
6.2.6 India Industrial Security Systems Market Revenues & Volume, By Government, 2021-2031F |
7 India Industrial Security Systems Market Import-Export Trade Statistics |
7.1 India Industrial Security Systems Market Export to Major Countries |
7.2 India Industrial Security Systems Market Imports from Major Countries |
8 India Industrial Security Systems Market Key Performance Indicators |
8.1 Percentage increase in the adoption of advanced security technologies by industrial sectors in India |
8.2 Number of reported security incidents in industrial settings |
8.3 Rate of compliance with government regulations related to industrial security systems |
9 India Industrial Security Systems Market - Opportunity Assessment |
9.1 India Industrial Security Systems Market Opportunity Assessment, By Systems, 2021 & 2031F |
9.2 India Industrial Security Systems Market Opportunity Assessment, By End Users, 2021 & 2031F |
10 India Industrial Security Systems Market - Competitive Landscape |
10.1 India Industrial Security Systems Market Revenue Share, By Companies, 2024 |
10.2 India Industrial Security Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |