The Indian electronic security equipment market industry witnessed a steep growth of over 27 per cent this year and is expected to grow at an encouraging rate for the next five years. Over the last decade, the industry has grown based on fundamental drivers such as the rise of organised real estate, growing threat perception and improving value proposition for the customers. These drivers would continue to propel the industry. As per the recent reports, Police, Paramilitary, Defense & Education industry have a fuelled demand for security & electronic surveillance based on the increased demand in surveillance requirements. Also growth in the number of smart cities would add to the demand of electronic security.
Security systems segment covers security provided through electronic devices. It includes devices such as alarms, system integrators, CCTVs, intrusion detectors, door intercoms and access controls. Majority of the technological expertise is brought in through partnership with multi-national companies. The state of the art control and command center offering remote surveillance is also a fast emerging segment.