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South Korea CCTV Camera Market

ID: MRFR/SEM/55479-HCR
200 Pages
Garvit Vyas
October 2025

South Korea CCTV Camera Market Research Report: By Product (Bullet Security Camera, Dome Security Camera, PTZ Security Camera, Box Security Camera, Thermal Security Camera), By Technology (IP Security Camera, Analog Camera), By Application (Commercial, Residential, Industrial), By Resolution (HD, Non-HD) andBy Services (Professional Service, Managed Service)- Forecast to 2035

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South Korea CCTV Camera Market Infographic
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Summary Table of Contents Segmentation Download PDF

South Korea CCTV Camera Market Summary

As per MRFR analysis, the South Korea CCTV Camera Market Size was estimated at 518.0 USD Million in 2024. The South Korea The market is projected to grow from 586.89 USD Million in 2025 to 2046.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 13.3% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The South Korea CCTV camera market is experiencing robust growth driven by technological advancements and increasing security concerns.

  • Technological advancements are enhancing the capabilities of CCTV cameras, making them more efficient and user-friendly.
  • The regulatory support for surveillance systems is fostering a conducive environment for market expansion.
  • The shift towards smart solutions is evident, with a growing demand for integrated security systems in urban areas.
  • Increasing security concerns and government initiatives are major drivers propelling the market forward.

Market Size & Forecast

2024 Market Size 518.0 (USD Million)
2035 Market Size 2046.0 (USD Million)
CAGR (2025 - 2035) 13.3%

Major Players

Hikvision (CN), Dahua Technology (CN), Axis Communications (SE), Bosch Security Systems (DE), Hanwha Techwin (KR), FLIR Systems (US), Sony (JP), Panasonic (JP), Honeywell (US)

South Korea CCTV Camera Market Trends

The cctv camera market in South Korea is currently experiencing notable growth, driven by increasing security concerns and advancements in technology. The demand for high-definition cameras and smart surveillance systems is on the rise, as businesses and households seek enhanced safety measures. Furthermore, the integration of artificial intelligence and machine learning into surveillance systems is transforming the landscape, allowing for more efficient monitoring and data analysis. This technological evolution appears to be a key factor in the market's expansion, as stakeholders recognize the value of sophisticated security solutions. In addition to technological advancements, regulatory frameworks are evolving to support the adoption of cctv systems. Government initiatives aimed at improving public safety and crime prevention are likely to bolster market growth. The emphasis on smart city projects and urban development further indicates a shift towards more integrated security solutions. As the cctv camera market continues to adapt to these changes, it seems poised for sustained growth, reflecting the increasing importance of security in both public and private sectors.

Technological Advancements

The cctv camera market is witnessing rapid technological innovations, particularly in the areas of image quality and connectivity. Enhanced resolution capabilities, such as high-definition and ultra-high-definition cameras, are becoming standard. Additionally, the integration of IoT technology allows for remote monitoring and control, making systems more user-friendly and efficient.

Regulatory Support

Government policies are increasingly favoring the installation of cctv systems as part of broader public safety initiatives. Regulations that promote the use of surveillance in urban areas are likely to encourage investment in security infrastructure, thereby driving market growth.

Shift Towards Smart Solutions

There is a noticeable trend towards smart cctv solutions that incorporate artificial intelligence and analytics. These systems not only provide real-time monitoring but also offer advanced features such as facial recognition and behavior analysis, which enhance security measures and operational efficiency.

South Korea CCTV Camera Market Drivers

Technological Integration

The integration of advanced technologies into the cctv camera market is transforming the landscape of surveillance in South Korea. Innovations such as artificial intelligence (AI), machine learning, and cloud storage are enhancing the functionality of cctv systems. These technologies enable features like facial recognition, motion detection, and remote monitoring, which are increasingly appealing to consumers. The market is witnessing a shift towards smart surveillance solutions that offer real-time analytics and improved user experience. As businesses and individuals become more tech-savvy, the demand for sophisticated cctv systems is expected to rise. This trend indicates a potential increase in market value, with estimates suggesting a growth rate of approximately 12% annually as more users adopt these advanced solutions.

Increasing Security Concerns

The rising concerns regarding safety and security in South Korea are driving the demand for the cctv camera market. With urbanization and population density increasing, the need for surveillance systems has become paramount. According to recent data, crime rates in urban areas have prompted both residential and commercial sectors to invest in security solutions. The cctv camera market is projected to grow as businesses and homeowners seek to deter criminal activities and enhance safety measures. This trend is further supported by government initiatives aimed at improving public safety, which may lead to increased funding for surveillance technologies. As a result, the cctv camera market is likely to experience robust growth, with an expected CAGR of around 10% over the next few years.

Rising Demand for Smart Cities

The push towards developing smart cities in South Korea is creating new opportunities for the cctv camera market. As urban areas evolve, the integration of smart technologies into city infrastructure is becoming essential. Cctv cameras play a vital role in smart city initiatives by providing real-time data for traffic management, public safety, and urban planning. The demand for interconnected surveillance systems is expected to surge as cities aim to enhance operational efficiency and improve the quality of life for residents. Market analysts suggest that the cctv camera market could see a growth rate of around 15% as municipalities invest in smart technologies to create safer and more efficient urban environments.

Government Initiatives and Funding

Government initiatives aimed at enhancing public safety and security are significantly impacting the cctv camera market. In South Korea, various programs have been launched to promote the installation of surveillance systems in public spaces, such as parks, streets, and transportation hubs. These initiatives not only aim to reduce crime but also to improve emergency response times. Funding from local and national governments is likely to bolster the cctv camera market, as municipalities invest in modern surveillance technologies. Reports indicate that public sector investments in security technologies could reach upwards of $500 million by 2026, further stimulating market growth. This government support is crucial for the expansion of the cctv camera market, as it encourages widespread adoption across different sectors.

Growing E-commerce and Retail Security Needs

The expansion of e-commerce in South Korea is influencing the cctv camera market, particularly in the retail sector. As online shopping continues to grow, brick-and-mortar stores are increasingly focusing on security to protect their assets and ensure customer safety. Retailers are investing in advanced cctv systems to monitor store activities, prevent theft, and enhance customer experience. The cctv camera market is likely to benefit from this trend, with estimates indicating a potential increase in market size by 20% over the next few years. This growth is driven by the need for comprehensive security solutions that cater to the evolving landscape of retail and consumer behavior.

Market Segment Insights

By Product: Bullet Security Camera (Largest) vs. PTZ Security Camera (Fastest-Growing)

In the South Korea cctv camera market, the distribution of market share shows that bullet security cameras hold the largest share due to their effectiveness in outdoor surveillance and wide availability. Following closely are dome security cameras, which are popular for indoor use, and box security cameras, valued for their versatility. Meanwhile, PTZ security cameras are gaining momentum, driven by their ability to cover large areas through remote control features. Growth trends indicate a rising demand for advanced surveillance solutions, particularly driven by increasing security concerns and technological advancements in image quality and connectivity. The PTZ security camera segment is emerging rapidly owing to the rise in smart city initiatives and the integration of AI capabilities into surveillance systems, making them more attractive to consumers and businesses alike.

Bullet Security Camera (Dominant) vs. PTZ Security Camera (Emerging)

Bullet security cameras are known for their long-range visibility and durability, making them a dominant choice for outdoor surveillance in the South Korea cctv camera market. Their streamlined design allows for easy installation and adjustment, perfect for monitoring large areas such as parking lots and building perimeters. In contrast, PTZ security cameras are emerging as a favored option due to their ability to pan, tilt, and zoom, providing flexibility in surveillance. Their remote control feature and integration with smart technologies allow for enhanced monitoring capabilities, making them increasingly popular in dynamic environments. This shift indicates a growing preference for versatile and high-tech surveillance solutions.

By Technology: IP Security Camera (Largest) vs. Analog Camera (Fastest-Growing)

In the South Korea cctv camera market, the share distribution indicates that IP Security Cameras dominate the technology segment, maintaining a substantial lead over Analog Cameras. This trend can be attributed to the rising demand for high-resolution imaging and advanced features like remote monitoring, which are more prevalent in IP systems. Meanwhile, Analog Cameras, although trailing, are witnessing a growing adoption due to their cost-effectiveness and ease of installation, appealing particularly to small and medium enterprises. The growth trends within this segment reveal that while IP Security Cameras have a well-established presence, Analog Cameras are emerging as a viable option for budget-conscious consumers and businesses. The increasing integration of smart technology and the push for enhanced security in both residential and commercial settings are driving the demand for both types of cameras. As surveillance needs evolve, the market is expected to see innovations that bridge the gap between traditional and modern technologies.

Technology: IP Security Camera (Dominant) vs. Analog Camera (Emerging)

IP Security Cameras are regarded as the dominant technology in the South Korea cctv camera market, characterized by their ability to deliver high-resolution images, remote access capabilities, and advanced analytics. These features make them particularly appealing to businesses seeking comprehensive security solutions. On the other hand, Analog Cameras are emerging as a cost-effective alternative, particularly favored by smaller establishments that require basic surveillance without extensive investment. While they lack the sophistication of IP systems, their dependability in fundamental security applications positions them as a valuable segment in the market, thereby ensuring a balanced growth trajectory amid the technological advancements.

By Application: Commercial (Largest) vs. Residential (Fastest-Growing)

The South Korea cctv camera market shows a diverse distribution among its application segments. The commercial sector holds the largest share, primarily driven by increasing security needs in retail and corporate environments. Conversely, the residential segment is witnessing rapid growth, fueled by rising consumer awareness and the desire for enhanced home security solutions. Growth trends in the application segment emphasize a shift towards advanced technologies in surveillance, such as AI integration in cameras. Commercial applications continue to dominate, but the accelerating adoption of cctv systems for residential use reflects changing consumer behavior. Furthermore, the expansion of smart home technologies boosts the appeal of cctv cameras, enabling homeowners to monitor their properties conveniently and affordably.

Commercial: Dominant vs. Residential: Emerging

The commercial segment remains the dominant force within the South Korea cctv camera market, characterized by substantial investments in security infrastructure by businesses seeking to protect assets and comply with regulatory requirements. This segment typically features advanced camera systems with enhanced capabilities like high-resolution imaging and remote monitoring. On the other hand, the residential segment is emerging rapidly as consumers increasingly prioritize home security measures. This segment is characterized by a growing demand for user-friendly, affordable, and smart camera solutions that integrate seamlessly with home automation systems. Both segments showcase significant innovation, yet cater to distinctly different consumer needs and preferences.

By Resolution: HD (Largest) vs. Non-HD (Fastest-Growing)

In the South Korea cctv camera market, HD resolution cameras hold a significant share, dominating the market landscape. Their widespread adoption can be attributed to the increasing demand for high-quality surveillance systems in various sectors, including retail, transportation, and residential areas. Non-HD cameras, while trailing in market share, are beginning to carve out a niche as cost-effective solutions for certain applications where high-resolution footage is not a critical requirement. Growth trends indicate a robust increase in demand for both HD and Non-HD resolutions within the South Korea cctv camera market. The transition towards smart and integrated security systems is driving the appetite for HD technology, whereas Non-HD resolution is experiencing rapid growth due to budget constraints faced by smaller businesses and emerging markets. As technological advancements reduce the cost of HD solutions, the market is expected to continue evolving, balancing demand between the two segments.

Resolution: HD (Dominant) vs. Non-HD (Emerging)

HD cameras are recognized as the dominant segment in the South Korea cctv camera market, offering superior clarity and detail that enhances surveillance capabilities. These cameras are particularly favored in high-security environments where image quality is paramount. On the other hand, Non-HD cameras represent the emerging segment, appealing to budget-conscious consumers and smaller enterprises. While they lack the image resolution of HD counterparts, they provide satisfactory performance for basic security needs. The growth of Non-HD cameras is further fueled by their affordability, making them an attractive option for less critical monitoring tasks. As technology progresses, the gap between HD and Non-HD cameras may narrow, influencing future market dynamics.

By Services: Managed Service (Largest) vs. Professional Service (Fastest-Growing)

In the South Korea cctv camera market, managed services hold the largest share, leveraging advanced technology and comprehensive solutions that cater to a diverse client base. These services streamline operations, allowing businesses to focus on their core activities while benefiting from professionally managed video surveillance. On the other hand, professional services are witnessing rapid growth as organizations seek customized solutions and expertise in setup and maintenance, highlighting a shift towards tailored services that meet specific security needs. The growth trends in the South Korea cctv camera market reflect a rising demand for both managed and professional services. The increasing awareness of security threats and the need for advanced surveillance solutions drive organizations to invest in these service offerings. Managed services are gaining traction for their efficiency and reliability, while professional services are well-positioned to meet the evolving needs of clients, providing more agile and adaptive solutions. As technology continues to evolve, these segments are poised for significant advancements and expansion.

Managed Service (Dominant) vs. Professional Service (Emerging)

Managed services have established themselves as the dominant force in the South Korea cctv camera market, providing integrated solutions that encompass surveillance hardware and software, along with ongoing support. These services not only enhance operational efficiency but also offer scalability to meet the growing demands of businesses. In contrast, professional services are emerging strongly, characterized by bespoke installations and tailored support that address specific customer requirements. They enable businesses to adapt quickly to changing security environments. This dynamic between managed and professional services reflects the market's need for both comprehensive solutions and specialized expertise, with each segment playing a vital role in offering security solutions to various sectors.

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Key Players and Competitive Insights

The competitive dynamics within the CCTV camera market in South Korea are characterized by rapid technological advancements and a growing emphasis on security solutions. Key growth drivers include the increasing demand for surveillance systems across various sectors, such as retail, transportation, and public safety. Major players like Hikvision (CN), Hanwha Techwin (KR), and Axis Communications (SE) are strategically positioned to leverage innovation and regional expansion. Hikvision (CN) focuses on enhancing its product offerings through AI integration, while Hanwha Techwin (KR) emphasizes local manufacturing to cater to specific market needs. Axis Communications (SE) is known for its commitment to sustainability and digital transformation, collectively shaping a competitive environment that prioritizes advanced technology and customer-centric solutions.

In terms of business tactics, companies are increasingly localizing manufacturing and optimizing supply chains to enhance operational efficiency. The market structure appears moderately fragmented, with several key players exerting considerable influence. This fragmentation allows for a diverse range of products and services, fostering competition that drives innovation and quality improvements across the sector.

In October 2025, Hikvision (CN) announced the launch of a new line of AI-powered cameras designed for smart city applications. This strategic move is significant as it aligns with the growing trend towards urbanization and the need for advanced surveillance solutions in metropolitan areas. By focusing on smart city initiatives, Hikvision (CN) positions itself as a leader in the integration of technology and urban security, potentially capturing a larger market share.

In September 2025, Hanwha Techwin (KR) expanded its partnership with a leading telecommunications provider to enhance its cloud-based surveillance solutions. This collaboration is crucial as it enables Hanwha Techwin (KR) to leverage the telecommunications provider's infrastructure, thereby improving the scalability and reliability of its offerings. Such partnerships are indicative of a broader trend towards integrated security solutions that combine hardware and software capabilities.

In August 2025, Axis Communications (SE) unveiled a new sustainability initiative aimed at reducing the carbon footprint of its manufacturing processes. This initiative is particularly relevant in the current market landscape, where environmental considerations are becoming increasingly important to consumers and businesses alike. By prioritizing sustainability, Axis Communications (SE) not only enhances its brand reputation but also aligns with global trends towards eco-friendly practices in technology.

As of November 2025, the competitive landscape is increasingly defined by trends such as digitalization, sustainability, and AI integration. Strategic alliances are playing a pivotal role in shaping the market, as companies seek to combine strengths and resources to deliver comprehensive solutions. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability. This shift underscores the importance of adaptability and forward-thinking strategies in maintaining a competitive edge in the CCTV camera market.

Key Companies in the South Korea CCTV Camera Market market include

Industry Developments

The South Korea CCTV Camera Market has witnessed significant developments recently, particularly with the rise in growth opportunities driven by technological advancements and increased urbanization. Companies like Samsung Techwin and Hanwha Techwin are seeing market expansion due to a heightened focus on public safety and surveillance solutions. In March 2023, Canon Inc. launched the latest line of high-definition monitoring cameras designed to enhance security in commercial establishments. Additionally, Axis Communications unveiled several new products targeting smart cities in June 2023, underlining a shift towards integrated surveillance systems. 

In terms of mergers and acquisitions, there have been no recent publicly known transactions involving the listed companies in this sector within South Korea. The increasing demand for advanced security solutions suggests a positive market valuation trajectory for firms like Hikvision and Bosch Security Systems, which are enhancing their market positions. Over the past two years, the South Korean government has also approved initiatives to upgrade public surveillance systems, which is expected to further stimulate growth in the CCTV camera segment.

With the shift towards AI and machine learning capabilities, the competition among these prominent companies is becoming more intense, demonstrating a vibrant landscape in the South Korea CCTV Camera Market.

Future Outlook

South Korea CCTV Camera Market Future Outlook

The CCTV camera market in South Korea is projected to grow at a 13.3% CAGR from 2024 to 2035, driven by technological advancements, increased security needs, and urbanization.

New opportunities lie in:

  • Integration of AI-driven analytics for enhanced surveillance capabilities.
  • Development of cloud-based storage solutions for scalable data management.
  • Expansion into smart city projects to provide comprehensive security solutions.

By 2035, the market is expected to achieve substantial growth, reflecting evolving security demands.

Market Segmentation

South Korea CCTV Camera Market Product Outlook

  • Bullet Security Camera
  • Dome Security Camera
  • PTZ Security Camera
  • Box Security Camera
  • Thermal Security Camera

South Korea CCTV Camera Market Services Outlook

  • Professional Service
  • Managed Service

South Korea CCTV Camera Market Resolution Outlook

  • HD
  • Non-HD

South Korea CCTV Camera Market Technology Outlook

  • IP Security Camera
  • Analog Camera

South Korea CCTV Camera Market Application Outlook

  • Commercial
  • Residential
  • Industrial

Report Scope

MARKET SIZE 2024 518.0(USD Million)
MARKET SIZE 2025 586.89(USD Million)
MARKET SIZE 2035 2046.0(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 13.3% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled Hikvision (CN), Dahua Technology (CN), Axis Communications (SE), Bosch Security Systems (DE), Hanwha Techwin (KR), FLIR Systems (US), Sony (JP), Panasonic (JP), Honeywell (US)
Segments Covered Product, Technology, Application, Resolution, Services
Key Market Opportunities Integration of artificial intelligence in the cctv camera market enhances security and operational efficiency.
Key Market Dynamics Rising demand for advanced surveillance solutions drives innovation and competition in the CCTV camera market.
Countries Covered South Korea

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FAQs

What is the expected market size of the South Korea CCTV Camera Market in 2024?

The South Korea CCTV Camera Market is expected to be valued at 550.0 USD Million in 2024.

What is the projected market value of the South Korea CCTV Camera Market by 2035?

By 2035, the South Korea CCTV Camera Market is projected to reach a value of 2340.0 USD Million.

What is the expected CAGR for the South Korea CCTV Camera Market from 2025 to 2035?

The expected CAGR for the South Korea CCTV Camera Market from 2025 to 2035 is 14.069%.

Which product segment is projected to have the highest market value in 2035 within the South Korea CCTV Camera Market?

The Dome Security Camera segment is projected to have the highest market value of 590.0 USD Million in 2035.

Who are the key players in the South Korea CCTV Camera Market?

Key players in the South Korea CCTV Camera Market include Axis Communications, Honeywell, Canon Inc., and Samsung Techwin among others.

What is the market size of Bullet Security Cameras in 2024?

The market size for Bullet Security Cameras in 2024 is valued at 120.0 USD Million.

What market challenges are currently affecting the South Korea CCTV Camera Market?

Challenges in the South Korea CCTV Camera Market include increasing competition and the need for technological advancements.

What is the expected growth opportunity for Thermal Security Cameras by 2035?

Thermal Security Cameras are expected to grow to a market value of 730.0 USD Million by 2035.

How does the South Korea CCTV Camera Market growth rate compare to previous years?

The South Korea CCTV Camera Market is experiencing significant growth, particularly with the projected CAGR of 14.069% from 2025 to 2035.

Which CCTV Camera product segment has the lowest market value in 2024?

In 2024, the Box Security Camera segment has the lowest market value at 30.0 USD Million.

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