India’s CCTV market was valued at $4.8 billion in 2025 and is projected to reach $12.25 billion by 2030, reflecting a strong CAGR of 20.6 percent. Market expansion is being driven by the Smart Cities Mission, stricter public-safety regulations, and a growing shift toward domestic manufacturing, supported by mandatory Standardisation Testing and Quality Certification (STQC) certification requirements.
The Smart Cities program alone has installed around 76,000 cameras across 100 cities, while ongoing upgrades in airports and metro networks continue to sustain demand. In 2024, analogue cameras accounted for 52.1 percent of the market, AI-enabled devices recorded a robust 21.1 percent CAGR outlook, and wired systems maintained a dominant 68.5 percent share. Meanwhile, wireless connectivity surged with a 21.9 percent CAGR, supported by the adoption of 5G and edge-computing technologies.
From a regional standpoint, North India led the market with a 42.7 percent share, driven largely by Delhi’s extensive surveillance grid. South India, however, is expected to deliver the fastest growth at a 21.2 percent CAGR, supported by advanced facial-recognition deployments in states such as Karnataka and Tamil Nadu. The Indian CCTV ecosystem is thus evolving rapidly, shaped by regulatory momentum, localisation incentives, and the rising integration of AI-powered analytics that transform surveillance from traditional monitoring to predictive intelligence.
The following are a few stocks to watch as the Indian surveillance market is expected to reach $12.25 billion by 2030:
Dixon Technologies (India) Limited
With a market cap of Rs. 90,545 crores, the stock slumped around 2.3 percent on the BSE, and closed in the red at Rs. 14,962.7 on Friday. Dixon Technologies, one of the leading providers of Electronic Manufacturing Services (EMS) in India, is primarily involved in the business of manufacturing electronic goods such as consumer electronics like LED TVs, home appliances, lighting products, mobile phones, closed-circuit television cameras (CCTVs), refrigerators, telecom products, and others.
All of Dixon’s newly introduced cameras and 4K recorders offer full 1080p HD (2MP) resolution or higher, with 5MP set as the standard default camera resolution across its product lineup.
Allied Digital Services Limited
With a market cap of Rs. 942 crores, the stock surged around 1 percent on the BSE, and closed in the green at Rs. 166.65 on Friday. Allied Digital Services Limited is renowned as a leading global IT transformation architect, having its operations in pan-India, the USA, Australia, Europe, and the Middle East, with an impeccable track record for designing, developing, and deploying digital solutions and delivering end-to-end IT infrastructure services. It provides a wide range of IT and consultancy services, including infrastructure services, end-user IT support, IT asset life cycle, enterprise applications, and integrated solutions.
Allied Digital’s integrated solution features a centralised surveillance system that connects multiple locations through a unified CCTV network, enabling real-time monitoring and coordinated incident response from a single command centre.
During Q2 FY26, ADSL secured orders exceeding Rs. 698 crore, comprising both new contracts and multi-year renewals. Among the notable wins, the company entered into a partnership with a prominent Mumbai-based plotted land development firm that operates residential projects across several states, including Goa, Himachal Pradesh, Maharashtra, Punjab, and UP. Under this engagement, ADSL will deliver end-to-end CCTV and networking infrastructure solutions, strengthening its presence in the real estate security and connectivity segment.
Prizor Viztech Limited
With a market cap of Rs. 337 crores, the stock moved down by around 2 percent on the NSE, and closed in the red at Rs. 315 on Friday. Prizor Viztech Limited is engaged in the business of providing security and surveillance solutions by offering a comprehensive range of CCTV cameras and interactive touch panels, which serve different verticals like retail, government, educational and infrastructure, among others.
In the CCTV Camera segment, the company reported steady growth in H1 FY26. Revenue increased from Rs. 25.3 crores in H1 FY25 to Rs. 25.8 crores in H1 FY26, reflecting a 2.1 percent year-on-year improvement.
Aditya Infotech Limited
With a market cap of Rs. 19,566 crores, the stock moved down by around 1 percent on the BSE, and closed in the red at Rs. 1,669.15 on Friday. Aditya Infotech Limited became India’s leading surveillance brand with the most extensive CCTV & security products portfolio in the entire industry. The company is engaged in the business of security and surveillance equipment and components under the ‘CP Plus’ brand. In addition, the company offers solutions and services such as fully integrated security systems and Security-as-a-Service directly.
According to Frost & Sullivan, CP Plus has continued to deliver strong market share gains, reaching 31.4 percent market share in Q1 FY26. Meanwhile, AIL’s product mix is also strengthening, with the IP products portfolio rising to 70 percent, up from 54 percent in Q2 FY25.
Written by Shivani Singh
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