The latest data from Counterpoint shows that the Indian smart home security camera market shipments in 2022 grew 44% year-on-year.
Xiaomi is ranked first with a 33% market share in 2022.
Products in the RUB1,500-RUB2,500 (currently about RMB134-RUB224) range have the highest share of shipments, with a 64% market share.
Tapo achieved 88% growth, with a 17% market share, ranking second.
Fluorite ranked third with 16% market share and almost doubled shipments.
Indoor smart security cameras accounted for more than 80% of total shipments.
Research analyst Varun Gupta said Indian brands account for 23 percent of total shipments in 2022, with local production at 12 percent.