Indian video surveillance camera market posted shipment of 514,405 units in the first quarter of 2013.
Hikvision is leading the Indian video surveillance camera market with 25 percent share.
CP Plus and Maximus CCTV are the other two leading vendors in the Indian video surveillance camera market, Research and Markets said.
Hikvision, CP Plus and Maximus CCTV — top 3 players together constitute 48 percent of the market share in Q1 2013.
Video surveillance camera market trends
Analog surveillance systems account for 90 percent of the market share, whereas 10 percent of market share has been captured by IP systems.
Around 69 percent of total units shipped are dome shaped.
The PTZ feature can only be found in around 13 percent of the total units shipped.
The Indian video surveillance camera market is ruled by analog based surveillance systems.
However, video surveillance technology has shown an impressive evolution from the analog to digital.
The need for smart and intelligent security systems due to increased criminal activities has also triggered the demand for video surveillance camera systems in India. Further, the image quality is of paramount importance in carrying out judicial procedures and law enforcement.
The key opportunities for Indian video surveillance camera market in 2013 would be the demand for enhanced image quality; IP camera systems, emergence of mobile and cloud based video surveillance services. Demand for high-resolution cameras would increase by creating customer awareness regarding better resolution pictures for various applications.