In a move to curb the rising security threat from China, the Indian government has banned non-certified, internet-connected CCTV cameras. This decision is also expected to boost domestic manufacturing. With a significant presence in the Indian CCTV market, companies such as Aditya Infotech, Cubo, Hero Group, Prama, Matrix, and Sparsh are likely to emerge as key beneficiaries of this move and strengthen their market share in the segment.

Major shareholder

CP Plus, a brand of Aditya Infotech, held around 20–25% market share before the ban on Chinese CCTV cameras, according to industry estimates. Following the restrictions, its share has reportedly increased to nearly 45–50%, making it a dominant player in the segment. As a result, the company is expected to be one of the biggest beneficiaries of this move. However, it is important to note that the company still relies heavily on imports, particularly chipsets from Taiwan, which could pose a supply-side risk.

Others

Companies such as Matrix, Prama, and Cubo together held a combined market share of around 10% in India’s CCTV camera market before the ban. However, following the restrictions, their collective share has increased significantly, rising to nearly 32–35%, indicating strong growth in the domestic segment.

Global brands

Global brands such as Bosch, Honeywell, and Axis held around 10% of the CCTV camera market in India before the ban. Following the restrictions, their combined market share has increased by nearly 15%. These companies are largely associated with government projects and contracts, which has supported their growth in the post-ban environment.

Chines brands

Chinese brands such as Hikvision earlier held around 30–33% share in India’s CCTV market. However, after the ban on non-certified and internet-connected cameras, their presence has declined sharply. With restrictions on sales and tighter regulations, their market share has dropped significantly, and their overall business in the segment has contracted by nearly 80%.