The company aims to widen its portfolio of made-in-India security products to cater to growing future demand of such devices from the domestic market.
29 Jan 2024 | 7815 Views | By Autocar Pro News Desk
Johnson Controls – the US-based global player in smart security solutions – has introduced its new range of cutting-edge security cameras – Ilustra Standard Gen3. The company has designed and manufactured this new line of cameras in India with over 75 percent localisation, and aims to fully manufacture its security ...
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Johnson Controls – the US-based global player in smart security solutions – has introduced its new range of cutting-edge security cameras – Ilustra Standard Gen3. The company has designed and manufactured this new line of cameras in India with over 75 percent localisation, and aims to fully manufacture its security products in the country in the coming years, in alignment with the government’s make-in-India initiative.
The company says there has been a significant growth in security and surveillance systems in the recent years, with the application of such devices ranging from home security to enterprise applications in facilities like warehouses, manufacturing plants, and large offices, as well as to large-scale public use such as in transportation hubs – airports, railway stations, and smart cities.
In contrast to other sectors like Telecom and IT, the Indian video surveillance market is comparatively fragmented, requiring products that offer an array of features tailored to meet the needs of end users. Additionally, given the reliance on global markets for surveillance products, there is an increased emphasis on domestic production of these security solutions. This includes applications in government enterprises and smart city projects, which are required to utilise domestically developed solutions and products.
According to Rajeev Samanta, GM Sales – South Asia, Security Products, Johnson Controls India, “We are proud to introduce our cutting-edge line of domestic security cameras, a testament to our unwavering commitment to India's’ Make-in-India’ initiative. These cameras, manufactured in India with over 75% local components, not only highlight our dedication to self-sufficiency but also reinforce our position as a key player in the global manufacturing landscape. The launch of the Illustra Standard Gen3 cameras is a step towards augmenting our role in enhancing security and catalysing India's journey towards becoming a technological powerhouse. Our vision aligns with the country's aspirations, and we are poised to make a lasting impact on the security industry and beyond.”
The valuation of the Indian CCTV market size is estimated at USD 3.98 billion in 2024, and projected to grow at a CAGR of 20.60%, taking the market valuation to 10.17 billion in 2029. The consumer market for surveillance products also saw a sharp rise last year. According to market research, India’s Home Security shipments saw a 48% YoY rise in Q1 of 2023.