Investments Opportunities in CCTV Camera and Recorder Assembly Unit
About A closed-circuit television camera produces images or recordings for observation or other domestic purposes. They can be either video cameras or digital still cameras. A CCTV captures light and converts it into video and audio.
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Types
- Analogue- These cameras record analogue signals as pictures in a video tape recorder. Analogue signals can be converted to digital signals for storing in a computer as digital recordings. Another way to store the recordings in a media is through the use of digital video recorder.
- Digital- Digital cameras do not require a video capture card as they can be stored directly to a computer.
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Components
- DVR or Digital Video Recorder
- Cameras
- Cables
Leading Indian CCTV camera companies
- Alba Urmet Communication & Security Pvt Ltd
- Axis Video Systems India
- Bosch Security Systems India
- CP PLUS GmbH & Co.
- Digitals India Security Products Pvt Ltd
- Electronic Eye Systems
- Honeywell Automation India Ltd
- Matrix ComSec
- Prama Hikvision
- Samriddhi Automations Pvt Ltd
- Secure Eye
- Vantage Integrated Security Solutions (P) Ltd
- Verint Systems India Pvt Ltd
- Vintron Informatics Ltd
- Zicom Electronic Security Systems Ltd
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Global Market – Forecast Period (2015-2020)
Global CCTV market accounted for US$ 19 billion in 2015 and grew at a 20% CAGR.
Market Dynamics
Increasing adoption of CCTV to bolster growth- There is a rapid growth in the global CCTV market due to rising adoption of CCTV in commercial, industrial, residential and infrastructural sectors.
Emerging economies to present healthy opportunities- Emerging economies like India has tremendous hidden opportunities for the growth of this market. Rise in criminal activities round the globe has given rise to adoption of more CCTVs.
Segment Overview
- Analogue, HD Analogue and IP cameras are expected to witness a healthy growth
- CMOS segment is the leader
- Government takes the largest share among the end users
- Distribution Channel is the top segment
Regional Analysis
- North America is the largest global share holder
- Europe is the second in the line
Indian CCTV Market Analysis – Forecast Period (2021-2026) Market Overview
Indian CCTV market is expected to grow a CAGR of 22.35% over the forecast period. Terrorism is one of the most significant issues in India. India is a secular country and with so many religions, languages and ethics, security is a threat in India. As a result, Indian government needs some tools to tackle crime rates. CCTVs can be used to observe crimes. Also, crimes against women have increased in the recent years. Every road in every city needs to be equipped with CCTVs for easy observation.
- In March 2020, Tamil Nadu government said that all the high and higher secondary schools in the state would soon be equipped with CCTVs. In June 2020, Punjab government had decided to install CCTV cameras and public address systems in every school to ensure child safety.
- In October 2019, CP Plus had announced that it would increase CCTV export from India. The brand said that it had increased its production and it used local materials for their production.
- Outbreak of the pandemic has resulted in a positive growth of this market. Due to COVID 19, constant monitoring of patients in hospitals has gained more importance. Maharashtra government made it compulsory for every hospital to have CCTVs.
Growth rate of GVA in manufacturing – in percentage – India – FY2015-FY2020
Competitive Landscape There are many significant players in Indian markets. Competition is increasing due to technological advancements. We should also notice that there are many mergers and partnerships taking place. CCTV market is expected to grow at a strong rate.
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