Market Forecast By Components (Camera, Recorder, Encoder, Software), By Verticals (Residential, Industrial and Manufacturing, Government, Retail and Logistics, BFSI, Commercial, Education, Hospitality & Healthcare, Transportation) By Regions (Northern, Eastern, Southern, Western) and Competitive Landscape
Product Code: ETC081272 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 106 | No. of Figures: 37 | No. of Tables: 18 |
India video surveillance market is growing at a significant rate over the past few years due to the rising security concerns, primarily arising from increasing incidents of theft, domestic crime, and acts of terrorism. The government initiatives, such as the smart city mission, installation of video surveillance systems for traffic management, rapid infrastructural growth, and reforms in the education and BFSI vertical coupled with rising awareness among the end-users and businesses in the country about the advantages of video surveillance systems would act as a critical driving force behind the growth of the market in the country during the forecast period. However, the uncertainties raised due to Covid-19 resulted in an economic slowdown by creating an obstruction in the construction projects along with the contraction in the fund allocated for infrastructural projects would bring a slowdown in demand for video surveillance systems in the near term.
According to 6Wresearch, the India video surveillance market revenues size is projected to grow with a CAGR of 20.8% during 2023-29F. India is expected to be the third-largest construction market globally after the US and China by 2025. To reach India 2047's goal of a $40 trillion GDP and be categorized as a developed nation, infrastructure development is essential. With the increasing FDIs in the construction sector and the rising investments in infrastructural development, the requirement for video surveillance solutions would see a surge over the coming years. With increasing initiatives being taken by the government to install CCTV solutions in public places like the Smart Cities Mission and the rising security concerns and awareness among people, video surveillance systems would be expected to experience rapid growth in the future.
Camera accounted for the highest revenue share in the India video surveillance market owing to the surge in the deployment of CCTV cameras across verticals including commercial enterprises, SMEs, BFSIs, educational institutions, transportation, and other infrastructural segments due to the rising security concerns, primarily arising from increasing incidents of theft, domestic crime and acts of terrorism. The same segment will continue to grow in the country in the years to come with growing residential and commercial areas.
Government and Transportation accounted for the largest market share as government oversees public safety and security through video surveillance systems, which deter crime, prevent incidents, and respond effectively. They aid law enforcement, gather evidence, and improve traffic management while enforcing regulations for responsible and ethical use. This segment will continue to propel in the nation.
The West region of India accounted for the largest market share owing to industrial and commercial centers in Maharashtra and Gujarat. This segment is expected to rise more in the years to come. The demand for these products will also rise from the Northern regions of the country as the region is experiencing large-scale infrastructure development, including smart cities, industrial zones, and commercial hubs.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of the Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. India Video Surveillance Market Overview |
3.1. India Video Surveillance Market Revenues and Volume, 2019-2029F |
3.2. India Video Surveillance Market Industry Life Cycle |
3.3. India Video Surveillance Market - Porter’s Five Forces |
4. India Video Surveillance Market COVID-19 Impact Analysis |
5. India Video Surveillance Market Dynamics |
5.1. Impact Analysis |
5.2. Market Drivers |
5.3. Market Restraints |
6. India Video Surveillance Market Trends and Evolution |
7. India Video Surveillance Market Overview |
7.1 India Video Surveillance Market Revenue and Volume Share, By Component, 2022 & 2029F |
7.1.1 India Video Surveillance Market Revenue and Volume Share, By Camera, 2022 & 2029F |
7.1.2 India Video Surveillance Market Revenue and Volume Share, By Recoder, 2022 & 2029F |
7.1.3 India Video Surveillance Market Revenue and Volume Share, By Encoder, 2022 & 2029F |
7.1.4 India Video Surveillance Market Revenue Share, By Software, 2022 & 2029F |
7.2 India Video Surveillance Market Revenues and Volume, By Component, 2019-2029F |
7.2.1 India Video Surveillance Market Revenues and Volume, By Camera, 2019-2029F |
7.2.2 India Video Surveillance Market Revenues and Volume, By Recoder, 2019-2029F |
7.2.3 India Video Surveillance Market Revenues and Volume, By Encoder, 2019-2029F |
7.2.4 India Video Surveillance Market Revenues, By Software, 2019-2029F |
8. India Video Surveillance Market Overview, By Camera |
8.1.1 India Video Surveillance Camera Market Revenue and Volume Share, By Camera Type, By IP Camera, 2022 & 2029F |
8.1.1 India Video Surveillance Camera Market Revenue and Volume Share, By Camera Type, By Analog Camera, 2019-2029F |
8.1.2 India Video Surveillance Camera Market Revenues and Volume, By Camera Type, By IP Camera, 2019-2029F |
8.1.2 India Video Surveillance Camera Market Revenues and Volume, By Camera Type, By Analog Camera, 2019-2029F |
8.2.1 India Video Surveillance Camera Market Revenues and Volume, By Form Factor, By Dome, 2022 & 2029F |
8.2.1 India Video Surveillance Camera Market Revenues and Volume, By Form Factor, By Bullet, 2022 & 2029F |
8.2.1 India Video Surveillance Camera Market Revenues and Volume, By Form Factor, By Others, 2022 & 2029F |
8.2.2 India Video Surveillance Camera Market Revenues and Volume, By Form Factor, By Dome, 2019-2029F |
8.2.2 India Video Surveillance Camera Market Revenues and Volume, By Form Factor, By Bullet, 2019-2029F |
8.2.2 India Video Surveillance Camera Market Revenues and Volume, By Form Factor, By Others, 2019-2029F |
8.3.1 India Video Surveillance Camera Market Revenue and Volume Share, By Megapixels, By Below 1 MP, 2022 & 2029F |
8.3.1 India Video Surveillance Camera Market Revenue and Volume Share, By Megapixels, By 1.1-2 MP, 2022 & 2029F |
8.3.1 India Video Surveillance Camera Market Revenue and Volume Share, By Megapixels, By 2.1-3 MP, 2022 & 2029F |
8.3.1 India Video Surveillance Camera Market Revenue and Volume Share, By Megapixels, By 3.1-5 MP, 2022 & 2029F |
8.3.1 India Video Surveillance Camera Market Revenue and Volume Share, By Megapixels, By Above 5 MP, 2022 & 2029F |
8.3.2 India Video Surveillance Camera Market Revenues and Volume, By Megapixels, By Below 1 MP, 2019-2029F |
8.3.2 India Video Surveillance Camera Market Revenues and Volume, By Megapixels, By 1.1-2 MP, 2019-2029F |
8.3.2 India Video Surveillance Camera Market Revenues and Volume, By Megapixels, By 2.1-3 MP, 2019-2029F |
8.3.2 India Video Surveillance Camera Market Revenues and Volume, By Megapixels, By 3.1-5 MP, 2019-2029F |
8.3.2 India Video Surveillance Camera Market Revenues and Volume, By Megapixels, By Above 5 MP, 2019-2029F |
8.4.1 India Video Surveillance Camera Market Revenue and Volume Share, By camera Slot, By With Slot, 2022 & 2029F |
8.4.1 India Video Surveillance Camera Market Revenue and Volume Share, By camera Slot, By Without Slot, 2022 & 2029F |
8.4.2 India Video Surveillance Camera Market Revenues and Volume, By camera Slot, By With Slot, 2022-2029F |
8.4.2 India Video Surveillance Camera Market Revenues and Volume, By camera Slot, By Without Slot, 2022-2029F |
9. India Video Surveillance Market Overview, By Recoder |
9.1 India Video Surveillance Market Revenue and Volume Share, By Recoder Types, 2022 & 2029F |
9.1.1 India Video Surveillance Recoder Market Revenue and Volume Share, By Network Video Recoder, 2022 & 2029F |
9.1.2 India Video Surveillance Recoder Market Revenue and Volume Share, By Digital Video Recoder, 2022 & 2029F |
9.2 India Video Surveillance Market Revenues and Volume, By Recoder Type, 2022-2029F |
9.2.1 India Video Surveillance Recoder Market Revenues and Volume, By Network video Recoder, 2022-2029F |
9.2.2 India Video Surveillance Recoder Market Revenues and Volume, By Digital Video Recoder, 2022-2029F |
10. India Video Surveillance Market Overview, By Verticals |
10.1 India Video Surveillance Market Revenue and Volume Share, By Verticals, 2022 & 2029F |
10.1.1 India Video Surveillance Market Revenue and Volume Share, By Government & Transportation, 2022 & 2029F |
10.1.2 India Video Surveillance Market Revenue and Volume Share, By Retail & logistics, 2022 & 2029F |
10.1.3 India Video Surveillance Market Revenue and Volume Share, By Commercial Buildings, 2022 & 2029F |
10.1.4 India Video Surveillance Market Revenue and Volume Share, By BFSI, 2022 & 2029F |
10.1.5 India Video Surveillance Market Revenue and Volume Share, By Hospitality & Healthcare, 2022 & 2029F |
10.1.6 India Video Surveillance Market Revenue and Volume Share, By Residential, 2022 & 2029F |
10.1.7 India Video Surveillance Market Revenue and Volume Share, By Educational Institutions, 2022 & 2029F |
10.1.8 India Video Surveillance Market Revenue and Volume Share, By Industry, 2022 & 2029F |
10.2 India Video Surveillance Market Revenues and Volume, By Verticals, 2022-2029F |
10.2.1 India Video Surveillance Market Revenues and Volume, By Government & Transportation, 2022-2029F |
10.2.2 India Video Surveillance Market Revenues and Volume, By Retail & logistics, 2022-2029F |
10.2.3 India Video Surveillance Market Revenues and Volume, By Commercial Buildings, 2022-2029F |
10.2.4 India Video Surveillance Market Revenues and Volume, By BFSI, 2022-2029F |
10.2.5 India Video Surveillance Market Revenues and Volume, By Hospitality & Healthcare, 2022-2029F |
10.2.6 India Video Surveillance Market Revenues and Volume, By Residential, 2022-2029F |
10.2.7 India Video Surveillance Market Revenues and Volume, By Educational Institutions, 2022-2029F |
10.2.8 India Video Surveillance Market Revenues and Volume, By Industry, 2022-2029F |
11. India Video Surveillance Market Overview, By Regions |
11.1.1 India Video Surveillance Market Revenue Share, By Region, By North, 2022 & 2029F |
11.1.1 India Video Surveillance Market Revenue Share, By Region, By South, 2022 & 2029F |
11.1.1 India Video Surveillance Market Revenue Share, By Region, By East, 2022 & 2029F |
11.1.1 India Video Surveillance Market Revenue Share, By Region, By West, 2022 & 2029F |
11.1.2 India Video Surveillance Market Revenues, By Region, By North, 2022-2029F |
11.1.2 India Video Surveillance Market Revenues, By Region, By South, 2022-2029F |
11.1.2 India Video Surveillance Market Revenues, By Region, By East, 2022-2029F |
11.1.2 India Video Surveillance Market Revenues, By Region, By West, 2022-2029F |
12. India Video Surveillance Market Price Trend Analysis |
12.1 India Video Surveillance Market Price Trend Analysis, By Analog Camera, 2019-2029F |
12.1 India Video Surveillance Market Price Trend Analysis, By IP camera, 2019-2029F |
12.1 India Video Surveillance Market Price Trend Analysis, By NVR, 2019-2029F |
12.1 India Video Surveillance Market Price Trend Analysis, By DVR, 2019-2029F |
12.1 India Video Surveillance Market Price Trend Analysis, By Encoder, 2019-2029F |
13. India Video Surveillance Market - Key Performance Indicators |
14. India Video Surveillance Market Opportunity Assessment |
14.1. India Video Surveillance Market Opportunity Assessment, By Components, 2029F |
14.2. India Video Surveillance Market Opportunity Assessment, By Verticals, 2029F |
15. India Video Surveillance Market Competitive Landscape |
15.1. India Video Surveillance Camera Market Revenue Share, By Companies, 2022 |
15.2. India Video Surveillance Market Company Revenue Share, By Verticals, 2022 |
15.3. India Video Surveillance Market Competitive Benchmarking, By Technical Parameters |
15.4. India Video Surveillance Market Competitive Benchmarking, By Operating Parameters |
15.5. India Video Surveillance Market Manufacturing Capability |
16. Company Profiles |
16.1. Axis Communication Pvt. Ltd. |
16.2. Bosch Limited |
16.3. CP Plus India Pvt. Ltd. |
16.4. Teledyne FLIR LLC |
16.5. Prama Hikvision India Pvt. Ltd. |
16.6. Hanwha International India Pvt. Ltd. |
16.7. Honeywell International (India) Pvt. Ltd. |
16.8. Panasonic India Pvt. Ltd. |
16.9. Pelco Inc. |
16.10. Dahua Technology India Pvt. Ltd. |
17. India Video Surveillance Market Key Strategic Recommendation |
18. India Dash Cam Camera Market Overview |
19. Disclaimer |
List of Figures |
1. India Video Surveillance Market Revenues and Volume, 2019-2029F ($ Million, Thousand Units) |
2. Market Size of Real Estate in India (US$ bn) |
3. No. of Reported Crime Cases per 100,000 people, 2021 |
4. Indian Websites Hacked Across the Years, 2018- 2020) |
5. India Video Surveillance Market Revenue Share, By Components, 2022 & 2029F |
6. India Video Surveillance Market Volume Share, By Components, 2022 & 2029F |
7. India Video Surveillance Camera Market Revenue Share, By Types, 2022 & 2029F |
8. India Video Surveillance Camera Market Volume Share, By Types, 2022 & 2029F |
9. India Video Surveillance Camera Market Revenue share, By Form Factor, 2022 & 2029F |
10. India Video Surveillance Camera Market Volume Share, By Form Factor, 2020 & 2027F |
11. India Video Surveillance Camera Market Revenue Share, By Megapixels, 2022 & 2029F |
12. India Video Surveillance Camera Market Volume Share, By Megapixels, 2022 & 2029F |
13. India Video Surveillance Camera Market Revenue share, By Slot Type, 2022 & 2029F |
14. India Video Surveillance Camera Market Volume Share, By Slot Type, 2022 & 2029F |
15. India Video Surveillance Recorder Market Revenue Share, By Types, 2022 & 2029F |
16. India Video Surveillance Recorder Market Volume Share, By Types, 2022 & 2029F |
17. India Video Surveillance Market Revenue Share, By Verticals, 2022 & 2029F |
18. India Video Surveillance Market Revenue Share, By Region, 2022 & 2029F |
19. India Video Surveillance Market Price Trend, By Components, 2019-2029F ($ per unit) |
20. Upcoming Projects in Hospitality Sector, 2022-2025 |
21. India Top States Branded Hotel Opening Keys, 2022, (Units) |
22. India Real Estate Market Size 2019 vs 2040F ($ Million) |
23. Market Size of the Retail Industry, 2019- 2025F ($ Billion) |
24. Market Share of the Retail Industry, 2012 & 2025F |
25. India Video Surveillance Market Opportunity Assessment, By Components, 2029F |
26. India Video Surveillance Market Opportunity Assessment, By Verticals, 2029F |
27. India Video Surveillance Analog Camera Market Revenue Share, By Companies, 2022 |
28. India Video Surveillance IP Camera Market Revenue Share, By Companies, 2022 |
29. India Video Surveillance Market Company Revenue Share, By Residential Vertical, 2022 |
30. India Video Surveillance Market Company Revenue Share, By Government Vertical, 2022 |
31. India Video Surveillance Market Company Revenue Share, By Hospitality & Healthcare Vertical, 2022 |
32. India Video Surveillance Market Company Revenue Share, By BFSI Vertical, 2022 |
33. India Video Surveillance Market Company Revenue Share, By Retail & Logistics Vertical, 2022 |
34. India Video Surveillance Market Company Revenue Share, By Commercial Buildings Vertical, 2022 |
35. India Video Surveillance Market Company Revenue Share, By Industry Vertical, 2022 |
36. India Video Surveillance Market Company Revenue Share, By Educational Institutions Vertical, 2022 |
37. India Dash Cam Camera Market Revenues and Volume, 2019-2029F ($ Million, Thousand Units) |
List of Tables |
1. Major Upcoming Infrastructure Projects in India (Education and Healthcare) |
2. Major Upcoming Infrastructure Projects in India (Metro Projects) |
3. Major Upcoming Infrastructure Projects in India (Infrastructural & Residential) |
4. India Video Surveillance Market Revenues, By Components, 2019-2029F ($ Million) |
5. India Video Surveillance Market Volume, By Components, 2019-2029F (Thousand Units) |
6. India Video Surveillance Camera Market Revenues, By Types, 2019-2029F ($ Million) |
7. India Video Surveillance Camera Market Volume, By Types, 2019-2029F (Thousand Units) |
8. India Video Surveillance Camera Market Revenues, By Form Factor, 2019-2029F ($ Million) |
9. India Video Surveillance Camera Market Volume, By Form Factor, 2019-2029F (Thousand Units) |
10. India Video Surveillance Camera Market Revenues, By Megapixels, 2019-2029F ($ Million) |
11. India Video Surveillance Camera Market Volume, By Megapixels, 2019-2029F (Thousand Units) |
12. India Video Surveillance Camera Market Revenues, By Slot Types, 2019-2029F ($ Million) |
13. India Video Surveillance Camera Market Volume, By Slot Types, 2019-2029F (Thousand Units) |
14. India Video Surveillance Recorder Market Revenues, By Types, 2019-2029F ($ Million) |
15. India Video Surveillance Recorder Market Volume, By Types, 2019-2029F (Thousand Units) |
16. India Video Surveillance Market Revenues, By Verticals, 2019-2029F ($ Million) |
17. India Video Surveillance Market Revenues, By Regions, 2019-2029F ($ Million) |
18. Number of Upcoming Malls in Major Cities of India by 2022 |
19. India State-Wise Housing Requirement, 2022 (Thousand Units) |
Market Forecast By Components (Camera, Recorder, Software and Encoder), By Verticals (Commercial Offices, Residential, Industrial and Manufacturing, Transportation, Government, Retail and Logistics, BFSI, Hospitality and Healthcare and Education), By Camera Types (Analog and IP), By Megapixels (Up to 1 MP, 1.1-2 MP, 2.1-3 MP, 3.1-5 MP and Above 5 MP), By Form Factor (Dome, Bullet and Others), By Recorder Types (Network Video Recorder and Digital Video Recorder), By Slot Types (With Slot and Without Slot), By Regions (Northern, Western, Eastern and Southern) and Competitive Landscape
Product Code: ETC081272 | Publication Date: Feb 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 443 | No. of Figures: 333 | No. of Tables: 22 |
India Video Surveillance Market report comprehensively covers the market by components, verticals, and regions. The market 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.
India Video Surveillance Market has seen a significant increase in demand in recent years. The growth is primarily attributed to several key developments. For instance, growing awareness about security has led to an increase in the demand for video surveillance systems, as they provide a secure way to monitor properties and people. The government's Smart Cities mission has increased the demand for video surveillance systems, as they are considered essential components of smart cities. Advancements in technology have made video surveillance systems more advanced and affordable which has increased their popularity among consumers in India.
The government has increased its expenditure on security and surveillance systems, which led to an increase in demand for the video surveillance market in India. The growth of the e-commerce and retail industry in India has increased the demand for video surveillance due to its essential features for ensuring the security of properties and people. Furthermore, the expansion of infrastructure in India has created new opportunities for the video surveillance industry for security purposes.
The adoption of advanced technologies such as AI and facial recognition has increased in the industry and many companies have launched cost-effective video surveillance solutions to cater to the growing demand in the market. The video surveillance market size in India is expected to grow significantly in the coming years due to the surging need for security in public places, buildings, and residential complexes. Several leading players in the video surveillance market have expanded their operations in India by setting up manufacturing facilities and sales offices.
India Video Surveillance Market has been growing at a significant rate over the past few years owing to the rising security concerns, primarily arising from growing incidents of theft, domestic crime and acts of terrorism. However, uncertainties raised due to COVID-19 resulted in an economic slowdown by creating an obstruction in the construction projects along with the contraction in the fund allocated for infrastructural projects which brought a negative impact on the demand for surveillance cameras in 2020. Besides, with the gradual lifting of lockdown restrictions post-2020 and increasing government initiatives, such as the smart city mission, installation of video surveillance systems for traffic management, rapid infrastructural growth and growing deployment of video surveillance systems in schools, banks, coupled with rising awareness among the end users and businesses in the country about the advantages of video surveillance systems would act as a key driving force behind the growth of the market during the forecast period.
According to 6Wresearch, India Video Surveillance Market size is projected to grow at a CAGR of 17.8% during 2021-2027. India video surveillance market is predicted to witness significant growth during the forecast period due to rising crime, terrorism, communal violence and growing government, commercial and IT infrastructure in the country. Further, increased competencies and low penetration of CCTVs would also play a significant role in raising the demand for surveillance systems in India.
There is a rising trend of deep learning in video surveillance software. In the Video Surveillance Market in India, there is a substantial availability of deep learning algorithms. There is also the availability of deep learning infrastructure for the pattern analysis of the surveillance market. The new models of graphic processing units provide deep-learning algorithms for recorders and cameras.
There is also a rising trend in video analytics integration. There is a huge increase in the integration of analytics capabilities with cameras owing to the fact that advanced microprocessors are becoming increasingly available to the manufacturers of video surveillance systems in the country.
The essential factors positively affecting the India Video Surveillance Market evolvement include an increase in the requirement for safety in high-risk areas, growth in the transition from analogue to IP cameras, as well as integration of IoT in the surveillance cameras. The Video Surveillance Sector in India is projected to experience more growth with the government initiatives to install CCTV solutions in public places.
However, high investments like initial instalment investments as well as large data storage issues, with a lack of professional expertise in managing IP cameras incur extra costs for the systems. This factor is projected to restrain the market growth. Also, growing trends toward the development of smart cities offer significant market opportunities in the years to come.
By components, cameras accounted for the highest revenue share in the market in 2020 owing to the surging use of cameras by law enforcement agencies and the deployment of CCTV cameras across verticals like transportation with advanced intelligent functionalities like AI and machine learning solutions which enables facial recognition, thermal scanning and monitoring in order to combat COVID- 19 limitations. Further, with the growing development of smart cities and smart home applications in the country along with the strengthening IT infrastructure due to the National Digital Communication Policy-2018, it is expected that IP surveillance cameras would remain the largest revenue shareholder, by type, during the forecast period.
The government and commercial verticals are estimated to experience faster growth in the coming years with the government's initiatives to install CCTV solutions in public places.
The northern region accounted for the majority share in the video surveillance market of India owing to the increasing investment in the construction of accommodation spaces, educational establishments, the hospitality sector as well as HORECA (hotels, restaurants and cafes). The northern region is likely to maintain its dominant share in the future.
The report provides a detailed analysis of the following market segments: