Project Report For CCTV Camera Manufacturing
Project report for CCTV Camera Manufacturing is as follows.
CCTV, also known as video surveillance, has been a part of people’s lives for a long time. In India, they are being used more and more to keep an eye on places that are vulnerable.
The Indian market for CCTV is still very new, but it is already used in a lot of different ways in different parts of the country. In the last few years, there has been a huge rise in the use of CCTV to keep people safe in public places.
The market for CCTV in India is expected to grow more than 14% over the next five years. In India, the market for CCTV cameras is split into two types: IP (Internet Protocol) cameras and non-IP cameras.
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The non-IP division has more than 80% of the market share. However, in the next few years, the IP segment is expected to be the most important one, and soon. In the Non-IP segment, the HD category has overtaken the analogue category and has a bigger share of the market than the analogue category did. By type of camera, the market is broken down into three main groups: dome, PTZ, and bullet. Dome CCTV is taking over the market with more than 50% of the market share.
The central government and many state governments are taking steps to stop and find crimes. More than 3 million CCTV cameras were installed in Delhi as part of the largest public safety project. This was done in an effort to stop crimes. CTVs help police units work better in the field because they give them precise technical information that helps them solve crimes and also deter people from doing the same thing.
Product Cost Breakup
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The global CCTV camera market was valued at US$ 11.1 billion in 2020 and is predicted to increase at an 11.4 percent compound annual growth rate (CAGR) from 2021 to 2027, reaching around US$ 23.63 billion in 2027.
The CCTV market is sometimes referred to as the video surveillance system market.
The CCTV business is booming as infrastructure development accelerates and terrorist activity increases. Concern about security grows. Businesses specialising in the manufacture of a range of cameras networked through IoT technology.
These cameras are in high demand across business. CCTV cameras are used to capture and store data. CCTV cameras have a wide range of applications, including capturing evidence, monitoring all actions, and reducing crime.
The latest technologies provide CCTV cameras that include monitor detection cameras and IP cameras that have sophisticated functions such as video and audio recording.
2020 is used as the basis year for forecasting the market between 2021 and 2027. Market size estimates for 2020 are based on actual figures and outputs of key companies and significant players worldwide. Trends from the previous five years are taken into account while predicting the market through 2027. 2020 is a year of exceptions, with a focus on the regional effect of lockdown.