- Industry needs government to facilitate testing and compliance with ER’s, enhanced domestic procurement and developing indigenous capability for chipsets, firmware, PCB architecture and product design for resistance to cyber threats.
- India's CCTV market is projected to grow 2.4x from INR 102 billion in FY26 to INR 246 billion in FY29, with IP cameras and Network Video Recorders (NVRs) reaching 85% of revenue.
- Indian brands increased their share of IP camera revenue from 27% in FY25 to 73% in FY26 as the market transitioned to mandatory security requirements for CCTV cameras.
- The next phase of industry development will focus on deepening domestic value addition across the surveillance value chain, including components, optics, imaging, electronics and semiconductors.
- The access control market is expected to grow from INR 98 billion to INR 134 billion (11% CAGR) and the intrusion detection market from INR 16 billion to INR 21 billion (9% CAGR).
Seoul, Beijing, Berlin, Buenos Aires, Fort Collins, Hong Kong, London, New Delhi, Taipei, Tokyo – Sept 28, 2026
India’s CCTV market is expected to more than double from INR 102 billion in FY26 to INR 246 billion in FY29 with a 34% CAGR, according to the ‘India Surveillance Market Overview 2026’ report, a joint research of the Electronic Industries Association of India (ELCINA) and Counterpoint Research. ELCINA represents India's electronics hardware manufacturing industry and works with the central and state governments on policy and industry development. This report covers seven key end-use verticals: (1) Government and Public Safety, (2) Infrastructure and Transportation, (3) Commercial and Retail, (4) Industrial and Manufacturing, (5) BFSI, Logistics and Warehousing and (6) Residential. It also maps the CCTV value chain from components to distribution, analyses the semiconductor BoM of surveillance cameras, and sets out policy recommendations for deeper localization and technology ownership.
The market is undergoing a regulatory and supply-chain transition. Under India’s Ministry of Electronics and Information Technology’s (MeitY’s) Compulsory Registration Order, applicable CCTV cameras must meet prescribed security requirements, with compliance assessed through security testing by the directorate of Standardisation Testing and Quality Certification (STQC) under the IoT System Certification Scheme (IoTSCS). The requirements cover areas including firmware security and traceability, secure boot, debug interfaces protection, and supply-chain traceability. The regulatory transition has prompted product redesign and other compliance measures across the market. From April 1, 2026, the sale of CCTV cameras not conforming to the applicable security Essential Requirements (ERs) is not permitted. The transition contributed to a temporary tightening in IP camera supply during H1 FY26, while compliance-related changes increased BoM costs by an estimated 15%-20%. With supply conditions improving by Q4 FY26, growth is expected to pick up from FY27, supported by railway, metro, highway and smart city projects moving into execution.
Over the forecast period, the access control market is expected to grow from INR 98 billion to INR 134 billion (11% CAGR) and the intrusion detection market from INR 16 billion to INR 21 billion (9% CAGR).
Snapshot: India Surveillance Market Overview Report
ELCINA Secretary General Rajoo Goel said, “Surveillance holds the key to internal security as well as safety at India's vast borders, which face threats of intrusion and hostile acts. The need for enhancing our own capability in this domain is imminent and vital. Security capability depends heavily on electronics technology, the core of which lies in semiconductors, data protection and resistance to cyber threats.
The need is to create safe platforms requiring secure SoCs, firmware, PCB architecture, interfaces and product traceability. With a market growing at over 30% per annum and the domestic market alone projected to cross INR 246 billion by FY29, the opportunity is immense. The export opportunity is even larger at $66 billion and projected to grow to over $120 billion by 2030. With the ‘Make in India’ scheme, this opens a huge market for us.
We need to invest in technology, components and design to achieve our national mission of Atmanirbhar and Secure Bharat (Self-reliant and Secure India). With compulsory requirements of MeitY and STQC in place, the probability of equipment with embedded spyware is being eliminated and domestic companies can play a crucial role in self-reliance.”
CP PLUS Managing Director Aditya Khemka said, “ELCINA deserves immense praise for bringing together government directives and industry expertise into a comprehensive, forward-looking publication. The report’s findings accurately reflect the transition toward Edge AI analytics, strict cybersecurity, and deep domestic manufacturing depth that we have pioneered at our Kadapa facility. We strongly echo ELCINA’s strategic vision of advancing beyond final assembly toward core semiconductor and software ownership. As the market leader, CP Plus remains fully committed to driving the recommendations laid out in this report to build a self-reliant and globally competitive surveillance ecosystem for India.”
Director at Counterpoint Research Mohit Agrawal said, “India’s surveillance market has undergone a significant structural shift in under two years, moving from a predominantly import-led market towards a more regulated and increasingly self-reliant market. Indian brands increased their share of IP camera revenue from 27% in FY25 to 73% in FY26, reflecting the changing competitive landscape as the industry adapted to new security and procurement requirements. At the same time, the opportunity is expanding beyond standalone cameras, with railways, metros, highways and smart city programmes driving demand for increasingly integrated surveillance solutions. The next phase will be defined by how effectively India converts this manufacturing scale into deeper technology and value-chain capabilities.”
Sparsh CCTV Founder and Managing Director Sanjeev Sehgal said, “The report reflects an industry at an important inflection point. As surveillance moves beyond conventional video monitoring towards intelligent, connected and AI-driven systems, Vision AI will play a defining role in what comes next. At Sparsh CCTV, our focus is on building secure, cyber-resilient and indigenous technologies for this transition. We thank ELCINA and Counterpoint for this comprehensive research, which captures these shifts, brings the ecosystem together and helps set the groundwork for the technology and policy conversations that will shape India’s next phase of security.”
Principal Analyst at Counterpoint Research Varun Gupta said, “Mandatory security requirements and a stronger domestic procurement framework have reshaped India’s surveillance market. The requirements extend into areas such as chipsets, firmware, PCB architecture and product traceability, requiring OEMs to redesign products, strengthen supply-chain visibility and recertify product lines. This transition has accelerated the development of certified product portfolios and domestic manufacturing capabilities. The next opportunity lies in greater localisation across the camera value chain, indigenous product design and IP, security requirements across the wider surveillance ecosystem, outcome-based procurement and testing capabilities aligned with international markets. The path ahead runs from local assembly to indigenous technology to global products.”
Matrix Comsec CEO and MD Ganesh Jivani said, “Across the world, surveillance is being redefined by AI, cybersecurity-by-design and trusted technology supply chains. India enters this transition with scale and with a growing capability to develop technologies of its own.
This makes the report particularly timely. It captures the collective progress of Indian brands across product engineering, software, manufacturing and system integration, while identifying the capabilities required for the next phase of growth. For Matrix, contributing to this endeavour means continuing to invest in indigenous R&D, engineering ownership and integrated enterprise solutions. With globally benchmarked standards and a strong domestic ecosystem, India can emerge not only as one of the world’s largest surveillance markets, but also as one of its most trusted technology partners.”
Director at Securus CCTV Daksham Ratanchandani said, “The report highlights a significant transformation in India’s surveillance industry, from import dependence towards a secure, compliant and ‘Make in India’ ecosystem. At Securus CCTV, this transition reinforces our commitment to building trusted surveillance technology in India, supported by our 45,000 sq. ft. manufacturing facility and DSIR-registered R&D centre in the Electronics Zone, Gandhinagar. The report is equally valuable for policymakers, providing data and insights that can help shape policies around deeper localisation, indigenous technology development, cybersecurity and a stronger domestic component ecosystem. For corporates and institutional buyers, it reinforces the need to look beyond price and consider STQC compliance, product security, supply-chain transparency and long-term technology capability when making procurement decisions. India’s opportunity is not merely to manufacture surveillance products, but to build the technology and intellectual capability that secures India.”
Senior Analyst at Counterpoint Research Anish Khajuria said, “As compliance becomes embedded across the industry, the next technology transition is increasingly being driven by Edge AI. Applications such as number plate recognition and incident detection require greater on-device processing, increasing demand for capable NPUs, memory and more advanced thermal and hardware design. At the same time, much of the value in these systems remains concentrated in imported SoCs, image sensors and memory. This creates a clear opportunity for India to move beyond camera assembly toward greater semiconductor, hardware and software ownership. The value proposition is also expanding beyond the camera itself, as VMS, AI analytics and integrated command-and-control platforms increasingly become part of broader security systems.”
About ELCINA
Electronic Industries Association of India (ELCINA), established in 1967, is India’s first industry association focused on promoting electronics hardware manufacturing and has since evolved into a leading platform for the country’s electronics and IT hardware ecosystem. ELCINA works closely with the Government as a policy advocate, engages with global and domestic institutions, and supports its members across the value chain, including electronic components, industrial and strategic electronics, EMS, and emerging areas such as automotive electronics, medical electronics, IoT, and Industry 4.0. With a strong emphasis on strengthening India’s manufacturing base, enhancing value addition, and positioning India as a competitive global electronics hub, ELCINA provides policy representation, market and technical information, networking opportunities, and business development support to its member companies.
Contact: [email protected]; [email protected]
About Counterpoint Research
Counterpoint Research is a global market research firm specializing in products across the technology ecosystem. We advise a diverse range of clients – from smartphone OEMs to chipmakers and channel players to Big Tech – through our offices located in the world's major innovation hubs, manufacturing clusters and commercial centers. Our analyst team, led by seasoned experts, engages with stakeholders across the enterprise – from the C-suite to professionals in strategy, analyst relations (AR), market intelligence (MI), business intelligence (BI), product and marketing – to deliver services spanning market data, industry thought leadership and consulting. Our core areas of coverage include AI, Automotive, Consumer Electronics, Displays, eSIM, IoT, Location Platforms, Macroeconomics, Manufacturing, Networks and Infrastructure, Semiconductors, Smartphones and Wearables. Visit our Insights page to explore our publicly available market data, insights and thought leadership, and to understand our focus, meet our analysts and start a conversation.
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