India Video Surveillance Camera (VSC) market witnessed rising adaptation over the last few years on account of increasing need for security, declining ownership & installation costs as well as rising consumer awareness. Further, surveillance cameras in the country are registering higher demand, especially across the Residential sector.
Key Highlights (CY H1 2016)
According to 6Wresearch, India VSC market recorded around 3.3 million units in CY H1 2016, witnessing a double digit growth of more than 25% as compared to the same period previous year. Hikvision continued its dominance and retained its market leadership followed by CP Plus and Dahua.
Table: India Video Surveillance Camera Market, By Megapixel
Source: 6Wresearch Quarterly India Video Surveillance Camera Market, CY H1’ 2016
- More than 50 vendors shipped video surveillance cameras
- Hikvision, CP Plus and Dahua together captured around 70% market share
- Outdoor VSCs dominated the market
- Analog camera segment captured majority of the share
According to Anuj Mehrotra, Senior Research Analyst, 6Wresearch, “Over the coming quarters, 4K resolution surveillance cameras which are capable of providing high-class image quality and better low-light performance are likely to register an increase in demand in the India VSC market.”
According to Suman Gautam, Research Associate, 6Wresearch, “India VSC market which is categorized into Analog and IP segments is witnessing rise in demand for IP cameras, owing to various technological advancements such as digital PTZ, embedded video analytics capabilities and cloud solutions. Additionally, declining ownership cost is one of the major factor contributing to the rising adaptation of these devices in the country.”
Increasing government initiatives such as rising VSCs installation in public places to overcome the surging criminal activities and security threats is expected to further fuel the growth of this market.
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India Video Surveillance Camera Market CY H1 2016