Market is Projected to Grow at CAGR of 17.8% During 2021-27
This report comprehensively covers the India video surveillance 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 Synopsis
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 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.
Additionally, 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 the publisher, the India video surveillance market size is projected to grow at CAGR of 17.8% during 2021-27. 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.
Market Analysis by Products
By components, cameras accounted for the highest revenue share in the market in 2020 owing to the surging use of cameras by the law enforcement agencies and deployment of CCTV cameras across vertical 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 National Digital Communication Policy-2018, it is expected that IP surveillance cameras would remain the largest revenue shareholder, by type, during the forecast period.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- India Video Surveillance Market Overview
- India Video Surveillance Market Outlook
- India Video Surveillance Market Forecast
- Historical Data and Forecast of India Video Surveillance Market Revenues for the Period 2017-2027F
- Historical Data and Forecast of Revenues, By Components for the Period 2017-2027F
- Historical Data and Forecast of Revenues, By Verticals for the Period 2017-2027F
- Historical Data and Forecast of Revenues, By Regions for the Period 2017-2027F
- Market Drivers, Restraints
- India Video Surveillance Market Trends
- Industry Life Cycle
- Porter’s Five Forces Analysis
- Market Opportunity Assessment
- India Video Surveillance Market Share/Ranking, By Companies
- Market Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Component
- Camera
By Type
- Analog Video Surveillance Camera
- IP Video Surveillance Camera
By Form Factor
- Dome
- Bullet
- Others (PTZ Cameras, C- Mount Cameras etc.)
By Megapixels
- Up to 1 MP
- 2 MP
- 1-3 MP
- 3-5 MP
- Above 5 MP
By Slot Type
- With Slot
- Without Slot
- Recorder
By Type
- Network Video Surveillance Recorder
- Digital Video Surveillance Recorder
- Encoder
- Software
By Vertical
- Residential
- Industrial and Manufacturing
- Government
- Retail and Logistics
- BFSI
- Commercial
- Education
- Hospitality & Healthcare Offices
- Transportation
By Region
- Northern
- Southern
- Eastern
- Western
Table of Contents
1. Executive Summary
Samples
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Companies Mentioned
- Axis Communication Pvt. Ltd.
- Bosch Limited
- CP Plus India Pvt. Ltd.
- Dahua Technology India Pvt. Ltd.
- Hanwha International India Pvt. Ltd.
- Honeywell International (India) Pvt. Ltd.
- Panasonic India Pvt. Ltd.
- Pelco Inc.
- Prama Hikvision India Pvt. Ltd.
- Teledyne FLIR LLC