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Indias CCTV Market Set to Grow 2.4x by FY29: Key Insights from the ELCINACounterpoint Report
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Indias CCTV Market Set to Grow 2.4x by FY29: Key Insights from the ELCINACounterpoint Report
India's CCTV market is projected to grow 2.4x by FY29, with Indian brands gaining significant market share. Get key insights from the ELCINA–Counterpoint report on market growth, indigenous manufacturing, cybersecurity and the future of India's surveillance industry.
Sparsh CCTV ranks #2 in India's CCTV camera market by shipment share in FY26 , according to the India Surveillance Market Overview 2026 , jointly developed by the Electronic Industries Association of India (ELCINA) and Counterpoint Research. This recognition comes at a time when India's surveillance industry is undergoing a significant transformation, driven by growing security requirements, artificial intelligence and an increasing focus on indigenous technology.
But the report highlights a story bigger than rankings. It reflects the growing role of Indian manufacturers and the opportunity to build secure, intelligent surveillance solutions in India.
What Is ELCINA, and Why Does Its Report Matter?
Established in 1967, the Electronic Industries Association of India (ELCINA) is India's first industry association focused on electronics hardware manufacturing . It works with industry stakeholders to support the growth of India's electronics sector and contribute to policy discussions around electronics manufacturing.
In collaboration with Counterpoint Research, ELCINA brings together industry knowledge and market analysis to highlight key trends, market potential and the evolving capabilities of Indian manufacturers. Its report offers an important snapshot of where the surveillance industry stands today and where it is headed.
What Does the Report Tell Us?
According to the ELCINA–Counterpoint report , India's CCTV market is projected to grow 2.4 times, from ₹10,200 crore in FY26 to ₹24,600 crore by FY29 , at a compound annual growth rate of 34%. IP cameras and Network Video Recorders (NVRs) are expected to account for 85% of CCTV revenue by FY29.
One of the report's most significant findings is the rise of Indian brands, whose share of IP-camera revenue increased from 27% in FY25 to 73% in FY26 . This shift comes amid the introduction of mandatory security requirements for CCTV cameras, bringing greater attention to product security, compliance and domestic technology capabilities.
The report also highlights the need to strengthen India's capabilities across the surveillance value chain, including chipsets, firmware, PCB architecture and product design. For Sparsh CCTV, this reinforces the importance of continued investment in indigenous R&D and an integrated ecosystem of hardware, software and AI to develop secure, intelligent surveillance solutions for India's evolving needs.
Why Indigenous Surveillance Matters for National Security
Surveillance systems protecting critical infrastructure may handle sensitive information and connect to wider networks. Security must therefore extend beyond the camera to its hardware, firmware, software and supply chain. Weak controls or limited traceability can expose systems to vulnerabilities, unauthorised access and potential data compromise.
India's security Essential Requirements and STQC testing framework underline the importance of secure design, testing and traceability. Sparsh CCTV is India's first CCTV brand to receive STQC certification , reflecting its focus on trusted surveillance technology. With capabilities spanning hardware, software and AI, the company aims to support a more integrated and secure surveillance ecosystem.
Indigenous technology is about more than manufacturing products in India. It is about developing the capability to understand, test, secure and maintain the technology that protects the country's people, data and infrastructure.
Building Technology India Can Trust
A stronger indigenous surveillance ecosystem requires continued investment in manufacturing, R&D, testing, cybersecurity and skilled talent. Sparsh's focus on indigenous manufacturing and integrated hardware, software and AI solutions reflects this direction.
With in-house capabilities across the technology chain, Sparsh CCTV aims to develop solutions that bring hardware, software and AI together to address India's evolving security requirements. Its continued focus on engineering, innovation and secure technology contributes to building surveillance solutions that India can develop, understand and trust.
Beyond Cameras: The Opportunity Ahead
Surveillance is moving beyond conventional video recording. Edge AI, intelligent video analytics and video management systems are changing how security systems detect events, analyse information and support decisions.
Growing demand across railways, airports, highways, smart cities, government facilities and industrial infrastructure creates opportunities for advanced, integrated solutions. For India, this means the potential to develop intellectual property, strengthen domestic expertise and build technologies that can compete in global markets.
The ELCINA–Counterpoint report points to a clear opportunity: a growing market, stronger participation from Indian brands and increasing demand for secure, intelligent technology. The next phase of growth will depend not only on how many cameras India produces, but also on the capabilities and trust built into the technology behind them.
Sparsh CCTV aims to contribute to this progress by developing integrated, indigenous surveillance solutions that combine Indian engineering with intelligent technology to meet the country's evolving needs.
Because India's security deserves technology that India can build, understand and trust.