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:
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, 2017-2027F |
3.2. India Video Surveillance Market Industry Life Cycle |
3.3. India Video Surveillance Market - Porter’s Five Forces |
3.4. India Video Surveillance Market Revenue and Volume Share, By Components, 2020 & 2027F |
3.5. India Video Surveillance Market Revenue Share, By Verticals, 2020 & 2027F |
3.6. India Video Surveillance Market Revenue Share, By Regions, 2020 & 2027F |
3.7. India Video Surveillance Market- COVID-19 Impact Analysis |
4. India Video Surveillance Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. India Video Surveillance Market Trends and Evolution |
6. India Video Surveillance System Implementation |
7. India Video Surveillance Market Price Trend Analysis |
8. India Video Surveillance Recorder Market Overview |
8.1. India Video Surveillance Recorder Market Revenues and Volume, 2017-2027F |
8.2. India Video Surveillance Recorder Market Revenue and Volume Share, By Types, 2020 & 2027F |
8.2.1 India Network Video Surveillance Recorder Market Revenue and Volume Share, 2020 & 2027F |
8.2.2 India Digital Video Surveillance Recorder Market Revenue and Volume Share, 2020 & 2027F |
8.3. India Video Surveillance Recorder Market Revenues and Volume, By Types, 2017- 2027F |
8.3.1 India Network Video Surveillance Recorder Market Revenues and Volume, 2017- 2027F |
8.3.2 India Digital Video Surveillance Recorder Market Revenues and Volume, 2017- 2027F |
8.4. India Video Surveillance Recorder Market Average Storage Capacity Analysis, 2020 |
9. India Video Surveillance Camera Market Overview |
9.1. India Video Surveillance Camera Market Revenues and Volume, 2017-2027F |
9.2. India Video Surveillance Camera Market Revenue and Volume Share, By Types, 2020 & 2027F |
9.2.1 India IP Video Surveillance Camera Market Revenue and Volume Share, 2020 & 2027F |
9.2.2 India Analog Video Surveillance Camera Market Revenue and Volume Share, 2020 & 2027F |
9.3. India Video Surveillance Camera Market Revenues and Volume, By Types, 2017- 2027F |
9.3.1 India IP Video Surveillance Camera Market Revenues and Volume, 2017- 2027F |
9.3.2 India Analog Video Surveillance Camera Market Revenues and Volume, 2017- 2027F |
9.4. India Video Surveillance Camera Market Revenue and Volume Share, By Form Factor, 2020 & 2027F |
9.4.1 India Dome Video Surveillance Camera Market Revenue and Volume Share, 2020 & 2027F |
9.4.2 India Bullet Video Surveillance Camera Market Revenue and Volume Share, 2020 & 2027F |
9.4.3 India Others Video Surveillance Camera Market Revenue and Volume Share, 2020 & 2027F |
9.5. India Video Surveillance Camera Market Revenues and Volume, By Form Factor, 2017- 2027F |
9.5.1 India Dome Video Surveillance Camera Market Revenues and Volume, 2017- 2027F |
9.5.2 India Bullet Video Surveillance Camera Market Revenues and Volume, 2017- 2027F |
9.5.3 India Others Video Surveillance Camera Market Revenues and Volume, 2017- 2027F |
9.6. India Video Surveillance Camera Market Revenue and Volume Share, By Megapixels, 2020 & 2027F |
9.6.1 India Upto 1 MP Video Surveillance Camera Market Revenue and Volume Share, 2020 & 2027F |
9.6.2 India 1.1-2 MP Video Surveillance Camera Market Revenue and Volume Share, 2020 & 2027F |
9.6.3 India 2.1-3 MP Video Surveillance Camera Market Revenue and Volume Share, 2020 & 2027F |
9.6.4 India 3.1-5 MP Video Surveillance Camera Market Revenue and Volume Share, 2020 & 2027F |
9.6.5 India Above 5 MP Video Surveillance Camera Market Revenue and Volume Share, 2020 & 2027F |
9.7. India Video Surveillance Camera Market Revenues and Volume, By Megapixels, 2017- 2027F |
9.7.1 India Upto 1 MP Video Surveillance Camera Market Revenues and Volume, 2017- 2027F |
9.7.2 India 1.1-2 MP Video Surveillance Camera Market Revenues and Volume, 2017- 2027F |
9.7.3 India 2.1-3 MP Video Surveillance Camera Market Revenues and Volume, 2017- 2027F |
9.7.4 India 3.1-5 MP Video Surveillance Camera Market Revenues and Volume, 2017- 2027F |
9.7.5 India Above 5 MP Video Surveillance Camera Market Revenues and Volume, 2017- 2027F |
9.8. India Video Surveillance Camera Market Revenue and Volume Share, By Slot Types, 2020 & 2027F |
9.8.1 India With Slot Video Surveillance Camera Market Revenue and Volume Share, 2020 & 2027F |
9.8.2 India Without Slot Video Surveillance Camera Market Revenue and Volume Share, 2020 & 2027F |
9.9. India Video Surveillance Camera Market Revenues and Volume, By Slot Types, 2017- 2027F |
9.9.1 India With Slot Video Surveillance Camera Market Revenues and Volume, 2017- 2027F |
9.9.2 India Without Slot Video Surveillance Camera Market Revenues and Volume, 2017- 2027F |
9.10. India Video Surveillance Camera Market Average Storage Capacity Analysis, 2020 |
10. India Video Surveillance Encoder Market Overview |
10.1. India Video Surveillance Encorder Market Revenues and Volume, 2017-2027F |
10.2. India Video Surveillance Encoder Market Average Storage Capacity Analysis, 2020 |
11. India Video Surveillance Software Market Overview |
11.1. India Video Surveillance Software Market Revenues, 2017-2027F |
12. India Video Surveillance Market Overview, By Verticals |
12.1. India Video Surveillance Market Revenues, By Verticals, 2017-2027F |
12.1.1 India Video Surveillance Market Revenues, By Residential Vertical, 2017-2027F |
12.1.2 India Video Surveillance Market Revenues, By Industrial and Manufacturing Vertical, 2017-2027F |
12.1.3 India Video Surveillance Market Revenues, By Government Vertical, 2017-2027F |
12.1.4 India Video Surveillance Market Revenues, By Retail and Logistics Vertical, 2017-2027F |
12.1.5 India Video Surveillance Market Revenues, By BFSI Vertical, 2017-2027F |
12.1.6 India Video Surveillance Market Revenues, By Commercial Vertical, 2017-2027F |
12.1.7 India Video Surveillance Market Revenues, By Education Vertical, 2017-2027F |
12.1.8 India Video Surveillance Market Revenues, By Hospitality & Healthcare Offices Vertical, 2017-2027F |
12.1.9 India Video Surveillance Market Revenues, By Transportation Vertical, 2017-2027F |
12.2. India Video Surveillance Market Volume, By Verticals, 2017-2027F |
12.2.1 India Video Surveillance Market Volume, By Residential Vertical, 2017-2027F |
12.2.2 India Video Surveillance Market Volume, By Industrial and Manufacturing Vertical, 2017-2027F |
12.2.3 India Video Surveillance Market Volume, By Government Vertical, 2017-2027F |
12.2.4 India Video Surveillance Market Volume, By Retail and Logistics Vertical, 2017-2027F |
12.2.5 India Video Surveillance Market Volume, By BFSI Vertical, 2017-2027F |
12.2.6 India Video Surveillance Market Volume, By Commercial Vertical, 2017-2027F |
12.2.7 India Video Surveillance Market Volume, By Education Vertical, 2017-2027F |
12.2.8 India Video Surveillance Market Volume, By Hospitality & Healthcare Offices Vertical, 2017-2027F |
12.2.9 India Video Surveillance Market Volume, By Transportation Vertical, 2017-2027F |
12.3. India Video Surveillance Camera Market Revenue and Volume Share, By Verticals, 2020 |
12.4. India Video Surveillance Recorder Market Revenue and Volume Share, By Verticals, 2020 |
12.5. India Video Surveillance Encoder Market Revenue and Volume Share, By Verticals, 2020 |
13. India Video Surveillance Market Overview, By Regions |
13.1. India Video Surveillance Market Revenues, By Regions, 2017-2027F |
13.1.1. India Video Surveillance Market Revenues, By Northern Region, 2017-2027F |
13.1.2. India Video Surveillance Market Revenues, By Southern Region, 2017-2027F |
13.1.3. India Video Surveillance Market Revenues, By Eastern Region, 2017-2027F |
13.1.4. India Video Surveillance Market Revenues, By Western Region, 2017-2027F |
14. India Video Surveillance Dash Camera Market Overview |
14.1. India Video Surveillance Dash Camera Market Revenues and Volume, 2017-2027F |
15. India Video Surveillance Market - Key Performance Indicators |
16. India Video Surveillance Market - Opportunity Assessment |
16.1. India Video Surveillance Market Opportunity Assessment, By Components, 2027F |
16.2. India Video Surveillance Market Opportunity Assessment, By Verticals, 2027F |
17. India Video Surveillance Market Competitive Landscape |
17.1. India Video Surveillance Camera Market Revenue Share, By Companies, 2020 |
17.2. India Video Surveillance Market Company Revenue Share, By Verticals, 2020 |
17.3. India Video Surveillance Market Competitive Benchmarking |
17.3.1 India Video Surveillance Market Competitive Benchmarking, By Technical Parameters |
17.3.2 India Video Surveillance Market Competitive Benchmarking, By Operating Parameters |
18. Company Profiles |
18.1. Axis Communication Pvt. Ltd. |
18.2. Bosch Limited |
18.3. CP Plus India Pvt. Ltd. |
18.4. Teledyne FLIR LLC |
18.5. Prama Hikvision India Pvt. Ltd. |
18.6. Hanwha International India Pvt. Ltd. |
18.7. Honeywell International (India) Pvt. Ltd. |
18.8. Panasonic India Pvt. Ltd. |
18.9. Pelco Inc. |
18.10. Dahua Technology India Pvt. Ltd. |
19. Key Strategic Recommendations |
20. Disclaimer |
List of Figures |
Figure 1. India Video Surveillance Market Revenues and Volume, 2017-2027F ($ Million, Thousand Units) |
Figure 2. India Video Surveillance Market Revenue Share, By Components, 2020 & 2027F |
Figure 3. India Video Surveillance Market Volume Share, By Components, 2020 & 2027F |
Figure 4. India Video Surveillance Market Revenue Share, By Verticals, 2020 & 2027F |
Figure 5. India Video Surveillance Market Revenue Share, By Regions, 2020 & 2027F |
Figure 6. India IT Spending, 2020-2022F, ($ Billion) |
Figure 7. Indian Websites Hacked Across the Years, 2018- 2020) |
Figure 8. India Video Surveillance Recorder Market Pricing Trend, 2017-2027F (INR per unit) |
Figure 9. India Video Surveillance Recorder Market Revenues and Volume, 2017-2027F ($ Million, Thousand Units) |
Figure 10. India Video Surveillance Recorder Market Revenue Share, By Types, 2020 & 2027F |
Figure 11. India Video Surveillance Recorder Market Volume Share, By Types, 2020 & 2027F |
Figure 12. India Video Surveillance Camera Market Revenues and Volume, 2017-2027F ($ Million, Thousand Units) |
Figure 13. India Video Surveillance Camera Market Revenue Share, By Types, 2020 & 2027F |
Figure 14. India Video Surveillance Camera Market Volume Share, By Types, 2020 & 2027F |
Figure 15. India Video Surveillance Camera Market Revenue Share, By Form Factor, 2020 & 2027F |
Figure 16. India Video Surveillance Camera Market Volume Share, By Form Factor, 2020 & 2027F |
Figure 17. India Video Surveillance Camera Market Revenue Share, By Megapixels, 2020 & 2027F |
Figure 18. India Video Surveillance Camera Market Volume Share, By Megapixels, 2020 & 2027F |
Figure 19. India Video Surveillance Camera Market Revenue Share, By Slot Types, 2020 & 2027F |
Figure 20. India Video Surveillance Camera Market Volume Share, By Slot Types, 2020 & 2027F |
Figure 21. India Video Surveillance Encoder Market Revenues and Volume, 2017-2027F ($ Million, Thousand Units) |
Figure 22. India Video Surveillance Software Market Revenues, 2017-2027F ($ Million) |
Figure 23. India Video Surveillance Camera Market Revenue and Volume Share, By Verticals, 2020 |
Figure 24. India Video Surveillance Recorder Market Revenue and Volume Share, By Verticals, 2020 |
Figure 25. India Video Surveillance Encoder Market Revenue and Volume Share, By Verticals, 2020 |
Figure 26. India Video Surveillance Dash Camera Market Revenues and Volume, 2017-2027F ($ Million, Thousand Units) |
Figure 27. India Real Estate Market Size 2019 vs 2040F ($ Million) |
Figure 28. Market Size of the Retail Industry, 2016- 2026F ($ Billion) |
Figure 29. Market Share of the Retail Industry, 2019 & 2021F |
Figure 30. India Video Surveillance Market Opportunity Assessment, By Components, 2027F |
Figure 31. India Video Surveillance Market Opportunity Assessment, By Verticals, 2027F |
Figure 32. India Video Surveillance Analog Camera Market Revenue Share, By Companies, 2020 |
Figure 33. India Video Surveillance IP Camera Market Revenue Share, By Companies, 2020 |
Figure 34. India Video Surveillance Market Company Revenue Share, By Residential Vertical, 2020 |
Figure 35. India Video Surveillance Market Company Revenue Share, By Government Vertical, 2020 |
Figure 36. India Video Surveillance Market Company Revenue Share, By Hospitality & Healthcare Offices Vertical, 2020 |
Figure 37. India Video Surveillance Market Company Revenue Share, By BFSI Vertical, 2020 |
Figure 38. India Video Surveillance Market Company Revenue Share, By Retail and Logistics Vertical, 2020 |
Figure 39. India Video Surveillance Market Company Revenue Share, By Education Vertical, 2020 |
Figure 40. India Video Surveillance Market Company Revenue Share, By Industrial and Manufacturing Vertical, 2020 |
Figure 41. India Video Surveillance Market Company Revenue Share, By Commercial Vertical, 2020 |
Figure 42. India Video Surveillance Market Company Revenue Share, By Transportation Vertical, 2021 |
List of Tables |
Table 1. Major Upcoming Infrastructure Projects in India (Education and Healthcare) |
Table 2. Major Upcoming Infrastructure Projects in India (Airports) |
Table 3. Major Upcoming Infrastructure Projects in India (Metro Projects) |
Table 4. Major Upcoming Infrastructure Projects in India (Infrastructural & Residential) |
Table 5. India Video Surveillance Recorder Market Revenues, By Types, 2017-2027F ($ Million) |
Table 6. India Video Surveillance Recorder Market Volume, By Types, 2017-2027F (Thousand Units) |
Table 7. India Video Surveillance Camera Market Revenues, By Types, 2017-2027F ($ Million) |
Table 8. India Video Surveillance Market Price Trend, By Components, 2017-2027F ($ per unit) |
Table 9. India Video Surveillance Camera Market Revenues, By Form Factor, 2017-2027F ($ Million) |
Table 10. India Video Surveillance Camera Market Volume, By Form Factor, 2017-2027F (Thousand Units) |
Table 11. India Video Surveillance Camera Market Revenues, By Megapixels, 2017-2027F ($ Million) |
Table 12. India Video Surveillance Camera Market Volume, By Megapixels, 2017-2027F (Thousand Units) |
Table 13. India Video Surveillance Camera Market Revenues, By Slot Types, 2017-2027F ($ Million) |
Table 14. India Video Surveillance Camera Market Volume, By Slot Types, 2017-2027F (Thousand Units) |
Table 15. India Video Surveillance Market Revenues, By Verticals, 2017-2027F ($ Million) |
Table 16. India Video Surveillance Market Volume, By Verticals, 2017-2027F (Thousand Units) |
Table 17. India Video Surveillance Market Revenues, By Regions, 2017-2027F ($ Million) |
Table 18. Number of Upcoming Malls in Major Cities of India by 2022 |
Table 19. India State-Wise Housing Requirement, 2022 (Thousand Units) |