India Cctv Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Indian CCTV market is expected to register a CAGR of 20.9% over the forecast period. The attention to the importance of having CCTV cameras is growing as crime rates continue to remain high throughout the country. According to the city police commissioner of Delhi, in February 2022, the state reported 3,06,389 crime cases, up from 2,66,070 cases the previous year. Further, heinous crime cases in the national capital registered an almost 13% rise in the first six months of 2022 compared to last year. It reported 3,140 heinous crime cases until July 2022 compared to 2,790.
Key HighlightsThe Indian CCTV market is fragmented due to significant players, such as Aditya Infotech Ltd (CP Plus GmbH & Co KG), Videocon Industries Limited, D-Link India Limited, Godrej Security Solution, Honeywell Commercial Security, Axis Video Systems India Pvt. Ltd, Everfocus Electronics (I) Pvt. Ltd, etc. Technological advancements are also bringing considerable competitive advantage to companies, and the market is witnessing multiple mergers and partnerships.
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