Market Trends of India CCTV Industry
This section covers the major market trends shaping the India CCTV Market according to our research experts:
IP Cameras are Expected to Hold Significant Share
- The rapid transition from analog to IP cameras has revolutionized the adoption of video surveillance solutions, including sharper, high-definition digital images and advancements in video analytics and neuro networks. As IP cameras transmit genuinely digital signals, they offer greater video detail, making them more suitable for facial recognition or detecting license plate numbers.
- For instance, in July 2022, Chinese tech behemoth Xiaomi launched its new home security camera in India, providing the Indian population with cutting-edge 360° solutions. The Xiaomi 360 Home Security Camera 1080 2i, available online and offline, is inexpensive and packed with features to create a 24-hour home security system.
- Further, the rise in production has also led to a decrease in prices and increasingly widespread adoption. With the integration of software solutions into video surveillance, it is now possible to detect unexpected and unattended objects or packages, line crossing, path tracking, etc.
- With the growing penetration of the internet and optimized connectivity, manufacturing plants have shifted from analog to IP cameras. For instance, BWI Automotive Technologies Pvt. Ltd has set up a plant in Haryana, India. The company is one of the significant technically advanced producers of high-quality automobile products and wanted to introduce CCTV surveillance to monitor production processes and ensure health and safety policies were followed. After analyzing analog, hybrid, and IP-based CCTV systems, the management decided to use IP based system. The company has selected IP owing to the ease of integration with CCTV and its existing network of cost-saving technologies such as PoE (Power over Ethernet) and UPS (Uninterruptible Power Supplies). The company has installed CP Plus'sPlus's IP CCTV systems to surveillance the plant.
- The manufacturing industry is witnessing robust growth across all the regions globally. The increasing number of newly constructed and renovated manufacturing arguments the demand for IP cameras to provide complete security in and around the manufacturing premises. According to MOSPI, in January 2022, India's manufacturing sector declined by more than 7%. This was due to the economic slowdown caused by the COVID-19 pandemic. However, in 2022, manufacturing accounted for approximately 12.5 % of the country's GVA.
- Furthermore, the Indian government has recently increased efforts to promote manufacturing in India. This has prompted many foreign manufacturers to consider making CCTV devices in India, with significant contributions from local component manufacturers. The government has also categorized the products into two forms, which are L1 and L2. Products made using more than 50% locally made components come under the L1. Those that operate between the range of 20-50% of local parts come under L2. For government projects, the products should either be L1 or L2.
Understand The Key Trends Shaping This Market
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Government Segment is Expected to Hold Significant Market Share
- The government sector contributes significantly to India's CCTV camera market growth. With the advent of CCTV devices, policing has changed entirely. In any criminal investigation, a CCTV is the first instrument and handy tool to crack the case. Chennai has the maximum CCTV coverage per square kilometer (657) and per 1,000 population (25.5) among the 130 cities studied worldwide. At the second spot, Hyderabad city has maximum CCTV coverage per square kilometer (480) and per 1,000 population (30.0).
- Additionally, state governments in India are increasingly implementing video surveillance equipment to improve security and safety. For instance, the Telangana government primarily focuses on enhancing street surveillance to improve Hyderabad's safety. In August 2022, Greater Hyderabad Municipal Corporation (GHMC) approved a proposal to install 8,000 CCTV cameras across parks and slums in the city. According to the proposal, 975 parks and 311 unnotified slums would be under CCTV surveillance. GHMC officials plan to finalize the project at an estimated cost of INR 20 crore by the year's end.
- The government sector is also focused on installing technologically advanced cameras for surveillance. For instance, in January 2022, the Mumbai Police extended the deadline for all private and commercial buildings in the city to install CCTV cameras by two months. Shopkeepers or commercial establishment owners who refuse to comply with it despite having their stores in high-crime areas may face legal consequences.
- Further, with innovative city initiatives, in June 2022, to improve surveillance, the Gurugram Metropolitan Development Authority (GMDA) established eight cameras equipped with facial recognition technology at the entrance and exit gates of the MG Road Metro station. It plans to install eight more at the Sikanderpur Metro station later this year.
- Furthermore, the Supreme Court recently issued a notice to the Delhi government in a petition filed against the Delhi government's order to install CCTV cameras in school classrooms and make the footage available to parents of children in the schools in real time.
