India Surveillance Analog Camera Market Size (2024 - 2029)

India Surveillance Analog Camera Market Analysis

The India Surveillance Analog Camera Market size is estimated at USD 1.51 billion in 2024, and is expected to reach USD 2 billion by 2029, growing at a CAGR of 5.65% during the forecast period (2024-2029).

• India's surveillance camera market is on a growth trajectory, fueled by mounting security concerns, government backing, and technological strides. Although IP cameras are gaining ground, analog counterparts maintain a significant market share, lauded for their cost-efficiency and straightforward installation.
• The Indian government has taken proactive steps, advocating for surveillance system installations in public spaces, critical infrastructure, and urban locales. Mandates, especially in places like schools, hospitals, and public transit, are further propelling the market.
• Aligned with the government's vision, the 'Smart City Mission' is set to elevate the demand for surveillance systems. As of January 2024, the Union Housing and Urban Affairs Ministry reported the installation of 76,000 CCTV cameras. They highlighted the integration of these systems with intelligent traffic management, citing notable contributions to road safety and crime monitoring.
• India, home to about 1.4 billion people, grapples with a daily surge in crimes, especially in major cities where incidents like sexual assaults against women are prevalent. This has heightened the safety consciousness across residential, commercial, and industrial sectors, further fueling the demand for surveillance cameras.
• Despite the advanced features of IP cameras, many small and medium enterprises in India still prefer analog cameras due to their cost-effectiveness. In a country like India, where cost optimization is crucial, the lower installation and maintenance expenses of analog cameras are a major attraction. Furthermore, with advancements like improved resolutions and better night vision, analog cameras are becoming even more competitive.
• India's heightened focus on security is evident in its large-scale infrastructure projects, where surveillance systems are becoming a norm, be it in transportation, airports, or industrial zones. Underscoring this commitment, the Indian government, in 2024, earmarked a substantial USD 134 billion for infrastructure development. Such trends are creating a favorable ecosystem for the studied market's growth in the country.
• Despite the promising outlook of the market, a significant hurdle emerges with the swift uptake of IP cameras. As businesses and governments increasingly shift to these cutting-edge systems, the demand for analog cameras is likely to wane. This shift is amplified by a rising number of end-users opting for AI-enhanced high-tech cameras. Nevertheless, specific market segments and small businesses are expected to maintain a preference for analog cameras, attracted by their cost-effectiveness, longevity, and user-friendly nature.

India Surveillance Analog Camera Industry Segmentation

A surveillance analog camera is a security device that captures video footage in an analog format, typically transmitting signals over coaxial cables to a recording device or monitor. While they offer cost-effective solutions for basic security needs, analog cameras generally provide lower resolution than digital or IP cameras and have limited integration capabilities with advanced surveillance technologies.

The study tracks the revenue accrued through selling surveillance analog camera products by various players operating in India to derive the baseline for market estimations. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. It further analyses the overall impact of macroeconomic factors on the market.

India surveillance analog camera market is segmented by end-user industry (government, banking, healthcare, transportation & logistics, industrial, others). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.