Newly launched Illustra Standard Gen3 cameras augments role in enhancing security in India
The valuation of the Indian CCTV market size is projected to grow at a CAGR of 20.60%, taking the market valuation to US$10.17 billion by 2029 from an estimated at US$3.98 billion in 2024, says Johnson Controls (NYSE: JCI), citing a market report.
According to market research, India’s Home Security shipments saw a 48% YoY rise in Q1 of 2023. The consumer market for surveillance products also saw a sharp rise last year, said Johnson Controls at the launch of Illustra Standard Gen3 – a range of cutting-edge security cameras designed and primarily manufactured in India with 75% local products.
The company aims to not only serve the Indian market but also cater to global markets, such as the Middle East and Latin America.
It also aims to fully manufacture its security products in India in the coming years, in alignment with the Government’s Make in India initiative.
Commenting on the announcement, Rajeev Samanta, GM Sales – South Asia, Security Products, Johnson Controls India, said on 29 Jan, “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.
“We are proud to introduce our cutting-edge line of domestic security cameras, a testament to our unwavering commitment to Make in India initiative.
“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.”
Recent years have seen a significant growth in security and safety through widespread adoption of surveillance systems. This ranges from home security to enterprise applications in facilities like warehouses, manufacturing plants, and large offices, to large-scale public use such as in transportation hubs – airports, railways – and smart cities.
Johnson Controls India’s security products division expanded its domestic manufacturing capabilities in 2023, having consistently deployed its solutions across industries in India for more than two decades.
So far, these sectors include aviation, education, roadways and transportation, healthcare, to name a few. Johnson Controls aims to widen its portfolio of cameras and security solutions manufactured in India, including access control, video surveillance, and intrusion detection systems. Fiinews.com
