The domestic Electronic industry also responded favorably to the policies of the government. Request Advisory Electronic security consists of all the systems that use electronic devices and embedded technology to enhance safety measures and protect human life and physical assets.
The players provide a vast array of equipment to cater to the varying demands of the end-user such as property size and financial budgets. Indian Production of Computer rose from 7, units in to 60, units in and to an estimatedunits in Video Surveillance — CCTV, Fire Detection, Access Control, Intrusion Alarm and Speciality devicesby end users residential and non residential — commercial, government, hospitality, transportation, education and othersby organized and unorganized and by domestic and foreign companies operating in the sector.
Despite the global economic slowdown, growth of Indian electronics industry in was on par with the previous year at 9. Key Topics Covered in the Report: India has been a great success story in the IT services industry and the next great opportunity is to create our own electronics product industry, which will help to move up the value chain and create global technology brands.
Electronic Security Market, By Application Public sector applications account for the largest revenue share. The India electronic security market is highly fragmented and consists of various small and unorganized players.
These strategic moves were undertaken to sustain growth in the electronic security market. On the other hand, if this particular unique opportunity is utilized, it can create a large industry catering to domestic consumption, which will help achieve self reliance in strategic sectors like telecom and defence, while leading to large exports.
Customers in India electronic security market are increasingly becoming service oriented. Drivers and Restraints The increasing adoption of electronic security systems by government agencies, commercial establishments, manufacturing industries etc.
Multi national corporations provide growing electronics market to India at lower costs by manufacturing semiconductors in India. Use of cheap quality raw material allows smaller companies to cut down on cost and quality and thus pose significant threats to large manufacturers.
Improvements in the Indian Electronics industry have not been limited to a particular segment, but encompass all its sectors. Wide variety of electronic security systems are available as per the requirement in different prices ranges, which is anticipated to drive the global electronic security market.
The rise in malpractices, robbery, terrorist attack, illegal activities etc. Additionally, governments have tightened security procedures in malls and airports. Untilthe electronics Industry was primarily government owned and then in s witnessed a rapid growth of the electronics industry due to sweeping economic changes, resulting in the liberalization and globalization of the economy.
However, demand for these products are growing rapidly and investments are flowing in to augment manufacturing capacity. The chip design and other complex components electronic device can be acquired from the Indian companies at low cost.
The presence of such equipment integrated with advanced software such as face or license plate recognition software is instrumental in the identifying the criminals post-attack. For instance, Kwikset launched a lock that can be activated through Siri voice commands and connects to Apple devices via Bluetooth.
The demand for electronics is expected to be fuelled by the growth of Telecommunications million subscribers by the next few years PCs and Notebooks 5 million every year Broad-Band connectivity reaching rural areas Top leading Companies Video Projectors:Market segmentation of the India electronic security market on the basis of basis of Products-CCTV, Fire Alarm systems, Access Control Systems, Intrusion Alarm Systems and Specialty Devices such as VMS, Metal Detectors, X-Ray Scanners and Barriers, Industry structure-Organized and Unorganized, Sector- Residential and Non Residential and others.
Home / The Electrical & Electronics Market Growth in India is Surging The Electrical & Electronics Market Growth in India is Surging The demand for electronic devices is expected to rise from 80 billion US$ in to billion US$ in The increasing adoption of electronic security systems by government agencies, commercial establishments, manufacturing industries etc.
is the major driver. Electronic Industry: India Electronic Security Market Research Report 1. India Electronic Security Market Outlook to – IP-based Video Surveillance and Integrated Solutions to Drive the Future.
The Indian Electronic industry constitutes less than 1% of the global market. However, demand for these products are growing rapidly and investments are flowing in to augment manufacturing capacity. Today India remains a major importer of electronic materials, components and finished equipment amounting worth of $20 billion (Rs84, crore.
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