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India Electronic Security Market Opportunities Analysis Report by Ankur Gupta

Article Author Biography
India Electronic Security Market Opportunities Analysis Report by
Article Posted: 01/30/2015
Article Views: 212
Articles Written: 1063
Word Count: 687
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India Electronic Security Market Opportunities Analysis Report

Business,Science & Technology
India Electronic Security Market Outlook to 2018 – IP-based Video Surveillance and Integrated Solutions to Drive the Future’ presents a comprehensive analysis of the industry aspects including market size by revenue of electronic security equipments such as video surveillance systems, fire alarm systems, access control systems, intrusion alarms, intercoms and other electronic security equipments including metal detectors and X-Ray along with market segmentation by type of products, end-user markets, technology, services, distribution channels, and regions. The report also entails a detailed description on the recent trends and developments in the market, government regulations, major challenges and competitive scenario of major players in the industry along with providing market share of major companies in the overall market.

The India Electronic Security Market has witnessed substantial growth during FY’2008-FY’2013. The industry registered brisk growth in the last few years driven by the rising incidents of burglary, surging security awareness and technology advances. The market has registered a CAGR of 31.8% during FY’2008-FY’2013 by rising from INR ~ million in FY’2008 to INR ~ million in FY’2013.

Video surveillance systems commanded the largest share of ~% of the total India electronic security equipments sales revenue in the country in FY’2013, thus rising from ~% in FY’2008 followed by Fire Alarm Systems which grew from INR ~ million in FY’2008 to INR ~ million in FY’2013. Access Control Systems have also showcased double digit growth rate in terms of the market revenue and has risen its share from ~% in FY’2010 to ~% in FY’2013. Intrusion Alarms accounted for around INR ~ million in the Indian market in FY’2013, thereby registering a CAGR of 25.6% over the period FY’2008-FY’2013. Intercoms and other electronic security equipments such as metal detectors and X-ray registered comparatively smaller revenue worth INR ~ million and INR ~ million, respectively in FY’2013.

The non-residential electronic security market in India witnessed fluctuating contributions in terms of revenue during the period of FY’2008-FY’2013. In FY’2013, contribution from this sector was approximately ~% as against a contribution of ~% in FY’2008. On the other hand, residential sector registered a decline in contribution from ~% in FY’2008 to a contribution of ~% in FY’2013.

Honeywell Automation India Limited is the largest company with a market share of ~%. The revenue from the sales of electronic security equipments by the company was recorded as INR ~ million in FY’2013. Zicom Electronic Security System Limited is the second largest electronic security systems in India and recorded a market share of ~% in FY’2013 followed by Tyco Fire & Security India Private Limited holding nearly ~% in the market.

The video surveillance market in India was primarily led by Hikvision, which was the category leader in FY’2013 with a market share of ~% followed by CP Plus accounting for a share of ~% in the market in FY’2013.

The future of the India electronic security market is expected to be favorable on account of rapidly growing urban population, improved residential, commercial and industrial construction and rising GDP of India. The rising awareness about benefits of the electronic security equipments amongst the Tier-I, Tier-II, and Tier-III cities of the country will encourage players in the electronic security market to expand their centers across the potential markets in India. The electronic security market in India is projected to grow at a CAGR of 24.0% during FY’2013-FY’2018.

Key Topics Covered in the Report:

The market size of the India electronic security market size in terms of value in the last six years (FY’2008 – FY’2013) India electronic security market segmentation by organized and unorganized sector, type of products, end-user markets, technology, services, distribution channels, and regions. Market share of major players and company profiles of the major brands and players operating in the electronic security market ( Honeywell, Zicom, Tyco and others) Market Share of Major companies in the video surveillance, electronic security market Trends and Developments and Government regulations in the electronic security market in India Major challenges in the electronic security market in India Future projections and macro economic factors of the India electronic security market

Source: India electronic security market

Related Articles - video surveillance, access control, intrusion alerts, intercom, fire alarms, residential, commercial, Government, Banking and Financial Institutions, ,

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