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    South Korea CCTV Market

    ID: MRFR/SEM/45216-HCR
    200 Pages
    Aarti Dhapte
    October 2025

    South Korea CCTV Market Research Report By Camera Type (Analogue Camera, Internet Protocol (IP) Camera, Wired, Wireless), By Technology (CMOS Technology, CCD Technology), By End User (Educational Centers, Hospitals, Hotels, Real Estates, Religious Places, Government, Retail, IT Sector, Transport Sector) and By Channel (Online Channel, Offline Channel)- Forecast to 2035

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    South Korea CCTV Market Infographic
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    South Korea CCTV Market Summary

    As per MRFR analysis, the South Korea cctv market Size was estimated at 738.5 USD Million in 2024. The South Korea cctv market is projected to grow from 838.12 USD Million in 2025 to 2972.0 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 13.49% during the forecast period 2025 - 2035.

    Key Market Trends & Highlights

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

    • Technological integration is reshaping the South Korea CCTV market, enhancing surveillance capabilities and user experience.
    • The demand for smart solutions is on the rise, with consumers seeking advanced features such as AI and IoT connectivity.
    • Regulatory support is fostering market growth, encouraging the adoption of CCTV systems across various sectors.
    • Rising security concerns and urbanization trends are major drivers propelling the market forward.

    Market Size & Forecast

    2024 Market Size 738.5 (USD Million)
    2035 Market Size 2972.0 (USD Million)

    Major Players

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

    South Korea CCTV Market Trends

    The cctv market in South Korea is currently experiencing a notable transformation, driven by advancements in technology and increasing demand for security solutions. The proliferation of smart city initiatives and the growing emphasis on public safety have led to a surge in the adoption of sophisticated surveillance systems. As urban areas expand, the need for effective monitoring solutions becomes paramount, prompting both public and private sectors to invest heavily in cctv infrastructure. Furthermore, the integration of artificial intelligence and machine learning into cctv systems enhances their functionality, enabling features such as facial recognition and real-time analytics. This evolution not only improves security measures but also streamlines operations across various sectors, including transportation and retail. In addition to technological advancements, regulatory frameworks in South Korea are evolving to support the growth of the cctv market. Government initiatives aimed at enhancing public safety and crime prevention are likely to further stimulate demand for surveillance systems. The increasing awareness of security issues among citizens and businesses alike contributes to a favorable environment for market expansion. As the landscape continues to shift, stakeholders must remain vigilant to adapt to emerging trends and consumer preferences, ensuring that the cctv market remains responsive to the dynamic needs of society.

    Technological Integration

    The integration of advanced technologies such as artificial intelligence and machine learning into cctv systems is reshaping the market. These innovations enable enhanced functionalities, including facial recognition and predictive analytics, which improve security measures and operational efficiency.

    Regulatory Support

    Government initiatives aimed at bolstering public safety are fostering a conducive environment for the cctv market. Evolving regulations and policies are likely to encourage investments in surveillance infrastructure, thereby driving market growth.

    Increased Demand for Smart Solutions

    There is a growing demand for smart cctv solutions that offer remote monitoring and real-time data analysis. This trend reflects a broader shift towards smart city concepts, where integrated technologies enhance urban safety and management.

    South Korea CCTV Market Drivers

    Urbanization Trends

    The rapid urbanization in South Korea is contributing to the expansion of the cctv market. As more people migrate to urban centers, the demand for effective surveillance systems to monitor public spaces and ensure safety is increasing. In 2025, urban areas are projected to account for over 70% of the total CCTV installations, reflecting a growing reliance on technology to manage urban challenges. This trend suggests that the cctv market will continue to thrive as cities seek to implement comprehensive security measures to protect their residents and infrastructure.

    Integration with IoT

    The integration of Internet of Things (IoT) technology into surveillance systems is transforming the cctv market landscape in South Korea. By connecting CCTV cameras to IoT networks, users can access real-time data and analytics, enhancing the overall effectiveness of surveillance operations. This trend is expected to drive a growth rate of approximately 11% in the cctv market by 2025. The ability to remotely monitor and control surveillance systems through smart devices is appealing to both businesses and consumers, indicating a shift towards more interconnected and efficient security solutions.

    Government Initiatives

    Government initiatives aimed at enhancing public safety and security are playing a crucial role in the growth of the cctv market. In South Korea, various policies and funding programs are being implemented to encourage the adoption of surveillance technologies in public spaces. For instance, the government has allocated significant budgets for the installation of CCTV systems in urban areas, which is expected to increase by 15% in 2025. This proactive approach not only bolsters the cctv market but also fosters a safer environment for citizens, thereby driving further investment in surveillance solutions.

    Rising Security Concerns

    The increasing prevalence of crime and security threats in South Korea has led to a heightened demand for surveillance solutions. As urban areas expand and populations grow, the need for effective monitoring systems becomes more pronounced. The cctv market is responding to these concerns by offering advanced surveillance technologies that enhance public safety. In 2025, the market is projected to grow by approximately 10% as businesses and municipalities invest in CCTV systems to deter criminal activities. This trend indicates a shift towards prioritizing safety and security, which is likely to drive further innovation in the cctv market.

    Technological Advancements

    Innovations in technology are significantly shaping the cctv market in South Korea. The integration of artificial intelligence (AI) and machine learning into surveillance systems is enhancing their capabilities, allowing for real-time analytics and improved threat detection. In 2025, the market is expected to witness a surge in demand for smart CCTV solutions, with an estimated growth rate of 12%. These advancements not only improve the efficiency of monitoring but also reduce the need for human intervention, thereby streamlining operations for businesses and public institutions. The cctv market is thus evolving rapidly, driven by these technological breakthroughs.

    Market Segment Insights

    CCTV Market Camera Type Insights  

    The South Korea CCTV Market, particularly within the Camera Type segment, presents a diverse landscape influenced by various technological advancements and security requirements. The market is predominantly characterized by Analogue Cameras and Internet Protocol (IP) Cameras, both of which serve distinct purposes in surveillance applications. Analogue Cameras have historically dominated the market because of their affordability and simpler integration into existing security systems. However, there has been a significant shift towards IP Cameras, which offer enhanced image quality, remote accessibility, and easier network integration, making them increasingly popular in South Korea due to the rising demand for sophisticated surveillance solutions.

    The rise in the adoption of advanced technologies and smart surveillance systems has propelled the growth of IP Cameras, enhancing their significance in the South Korea CCTV Market. As cities in South Korea continue to modernize and emphasize public safety, the transition to more intelligent surveillance technologies becomes crucial. This transformation aligns with national initiatives focusing on digitalization and Integrated Smart City concepts, which are bolstering the demand for high-performance surveillance systems.

    Wired and Wireless configurations of CCTV systems also play pivotal roles within this market segment. Wired systems traditionally offer robustness and reliability, ensuring seamless video transmission with minimal interference. While they maintain a significant presence, the advent of Wireless technology is reshaping consumer preferences by eliminating the constraints of cabling, thereby providing flexibility in installation and scalability in designing security networks. The allure of Wireless CCTV systems is especially pronounced in urban environments, where ease of deployment can significantly enhance the efficiency of surveillance solutions.

    As South Korea aims to enhance its public safety measures and incorporate advanced surveillance technologies across various sectors, opportunities for innovation and growth are plentiful. Factors such as government initiatives, increased urbanization, and a heightened focus on security are driving the market forward. However, challenges like inevitable privacy concerns and the need for maintaining data security remain focal points within this evolving landscape. Overall, the Camera Type segment within the South Korea CCTV Market is poised for continued growth, driven by urban demands and the pursuit of greater security and monitoring capabilities.

    Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

    CCTV Market Technology Insights  

    The South Korea CCTV Market is undergoing significant transformations driven by advancements in technology, particularly within the fields of CMOS (Complementary Metal-Oxide-Semiconductor) Technology and CCD (Charged-Coupled Device) Technology. CMOS Technology has gained prominence due to its low power consumption, faster processing speeds, and compact size, making it a favorable choice for modern surveillance systems. Conversely, CCD Technology has historically been recognized for its superior image quality in low-light conditions, maintaining its relevance particularly in security applications that require high-definition footage.

    The South Korea CCTV Market has shown an increasing shift towards integrating these technologies into various sectors, including transportation, retail, and public safety, reflecting ongoing urbanization and technological adoption. As the demand for reliable security solutions grows, factors such as enhanced image resolution, real-time surveillance capabilities, and advanced analytics are pushing both CMOS and CCD technologies to the forefront, enabling smarter and more efficient monitoring systems. The evolution of these technologies exemplifies the ongoing trends in the South Korean camera industry aimed at providing higher security measures and better operational efficiency across various applications.

    CCTV Market End User Insights  

    The South Korea CCTV Market revenue is significantly influenced by various end user sectors, each playing a pivotal role in the overall market dynamics. Educational centers have emerged as crucial players as they prioritize student safety and campus security, thereby enhancing demand for surveillance systems. Hospitals require robust CCTV solutions to ensure patient safety and monitor premises effectively, reflecting the growing emphasis on healthcare security. The hotel industry relies heavily on surveillance for guest safety and asset protection, leading to the adoption of advanced security systems.

    Real estate developers also increasingly focus on integrated CCTV solutions to meet tenant demands for safety and security. The government sector invests actively in surveillance technologies to bolster public safety and streamline law enforcement initiatives. Retail establishments have turned to CCTV systems to minimize theft and enhance consumer trust, contributing to a significant market share. The IT sector harnesses CCTV technology for monitoring sensitive data infrastructures while the transport sector emphasizes surveillance for traffic management and public safety.

    Religious places prioritize surveillance to safeguard congregations, demonstrating the broad applicability and importance of CCTV solutions across diverse end users in South Korea. As this market continues to grow, challenges such as data privacy concerns and technological integration will require focused attention from stakeholders. The supportive regulatory environment in South Korea further aids in the advancement and application of CCTV technologies across these end user segments.

    CCTV Market Channel Insights  

    The South Korea CCTV Market demonstrates significant growth driven by various channels of distribution, particularly the Online and Offline channels. The rapid digitalization in South Korea has propelled the Online channel, enabling consumers to access a wide range of CCTV products with convenience and efficiency. This shift is largely due to increasing internet penetration and consumer preferences for shopping online. In contrast, the Offline channel remains essential, as it provides customers with personalized service and hands-on product experiences, making it a vital touchpoint for those seeking professional consultation or on-site demonstrations before purchasing.

    The unique characteristics of each channel contribute to the overall dynamics of the South Korea CCTV Market, catering to diverse consumer needs and preferences. The blend of both channels facilitates a broader reach and enhanced market growth, supporting the ongoing demand for advanced surveillance systems amid rising concerns over safety and security in urban areas. The advancement of technology in CCTV systems further strengthens these channels, positioning them as essential components in the overall market segmentation.

    Get more detailed insights about South Korea CCTV Market

    Key Players and Competitive Insights

    The competitive dynamics within the CCTV market exhibit a landscape 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), Dahua Technology (CN), and Hanwha Techwin (KR) are strategically positioned to leverage innovation and regional expansion. Hikvision (CN) focuses on enhancing its AI capabilities, while Dahua Technology (CN) emphasizes partnerships to broaden its market reach. Hanwha Techwin (KR) is investing in digital transformation initiatives, collectively shaping a competitive environment that prioritizes technological superiority and customer-centric solutions.

    In terms of business tactics, companies are increasingly localizing manufacturing to reduce costs and optimize supply chains. The market structure appears moderately fragmented, with several key players exerting substantial influence. This fragmentation allows for a diverse range of offerings, yet the collective strength of these companies drives competitive pressures that compel continuous innovation and operational efficiency.

    In October 2025, Hikvision (CN) announced the launch of its latest AI-driven surveillance platform, which integrates advanced analytics and cloud capabilities. This strategic move is significant as it positions the company to meet the rising demand for intelligent security solutions, enhancing its competitive edge in a market that increasingly values data-driven insights.

    In September 2025, Dahua Technology (CN) entered a strategic partnership with a leading telecommunications provider to enhance its IoT capabilities. This collaboration is pivotal, as it enables Dahua to integrate its surveillance systems with smart city initiatives, thereby expanding its footprint in urban security solutions and aligning with global trends towards smart infrastructure.

    In August 2025, Hanwha Techwin (KR) unveiled a new line of eco-friendly cameras designed to reduce energy consumption by 30%. This initiative not only reflects a commitment to sustainability but also addresses the growing consumer preference for environmentally responsible products, potentially enhancing brand loyalty and market share.

    As of November 2025, current trends in the CCTV market are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are increasingly shaping the competitive landscape, fostering innovation and collaborative solutions. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition towards a focus on technological innovation, reliability in supply chains, and the ability to deliver comprehensive security solutions that meet the diverse needs of consumers.

    Key Companies in the South Korea CCTV Market market include

    Industry Developments

    Recent developments in the South Korea CCTV market include significant advancements in technology and increased competition among key players such as Honeywell International, Axis Communications, Avigilon, and Hikvision. The market is witnessing a surge in demand for smart surveillance solutions, especially amid the growing concerns regarding public safety and security. 

    The implementation of the "Smart City" initiative by the South Korean government has further boosted investments in smart infrastructure, incorporating advanced CCTV systems into urban planning. In the mergers and acquisitions arena, no major public mergers or acquisitions have been noted in the recent months. However, companies like Dahua Technology and Hanwha Techwin are continuously expanding their offerings to stay competitive in this fast-evolving market. 

    Furthermore, the market valuation for companies such as LG Electronics and Bosch Security Systems has seen growth due to the shift towards integrated solutions combining AI and machine learning. Over the last 2-3 years, there have been substantial developments, particularly after achieving significant government investments in infrastructure technology around March 2022, which catalyzed the adoption of innovative CCTV technologies across the region.

    Future Outlook

    South Korea CCTV Market Future Outlook

    The CCTV market in South Korea is projected to grow at a 13.49% CAGR from 2024 to 2035, driven by technological advancements, increased security concerns, 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 CCTV market is expected to achieve substantial growth, reflecting evolving security needs.

    Market Segmentation

    South Korea CCTV Market Channel Outlook

    • Online Channel
    • Offline Channel

    South Korea CCTV Market End User Outlook

    • Educational Centers
    • Hospitals
    • Hotels
    • Real Estates
    • Religious Places
    • Government
    • Retail
    • IT Sector
    • Transport Sector

    South Korea CCTV Market Technology Outlook

    • CMOS Technology
    • CCD Technology

    South Korea CCTV Market Camera Type Outlook

    • Analogue Camera
    • Internet Protocol (IP) Camera

    Report Scope

    MARKET SIZE 2024738.5(USD Million)
    MARKET SIZE 2025838.12(USD Million)
    MARKET SIZE 20352972.0(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR)13.49% (2024 - 2035)
    REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR2024
    Market Forecast Period2025 - 2035
    Historical Data2019 - 2024
    Market Forecast UnitsUSD Million
    Key Companies Profiled["Hikvision (CN)", "Dahua Technology (CN)", "Axis Communications (SE)", "Bosch Security Systems (DE)", "Hanwha Techwin (KR)", "FLIR Systems (US)", "Honeywell (US)", "Tyco Security Products (US)"]
    Segments CoveredCamera Type, Technology, End User, Channel
    Key Market OpportunitiesIntegration of artificial intelligence in surveillance systems enhances security and operational efficiency.
    Key Market DynamicsTechnological advancements drive rapid adoption of smart CCTV systems, enhancing security and surveillance capabilities in South Korea.
    Countries CoveredSouth Korea

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    FAQs

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

    The South Korea CCTV Market is expected to be valued at 738.5 million USD in 2024.

    What will the South Korea CCTV Market be valued at by 2035?

    By 2035, the South Korea CCTV Market is projected to reach a value of 2563.55 million USD.

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

    The expected CAGR for the South Korea CCTV Market from 2025 to 2035 is 11.979 percent.

    Which camera type is forecasted to have the highest market value in 2035?

    The Internet Protocol (IP) Camera is forecasted to reach a market value of 900 million USD by 2035.

    What is the market value of Analogue Cameras in 2024?

    In 2024, the market value for Analogue Cameras is expected to be 100 million USD.

    Who are some of the major players in the South Korea CCTV Market?

    Major players in the market include Honeywell International, Axis Communications, Hikvision, and LG Electronics.

    What is the projected market size for Wired Cameras in 2035?

    The market size for Wired Cameras is projected to reach 800 million USD by 2035.

    How much is the Wireless Camera segment expected to be worth in 2035?

    The Wireless Camera segment is expected to be valued at 513.55 million USD in 2035.

    What are the growth drivers for the South Korea CCTV Market?

    The growth drivers include increasing security concerns and advancements in camera technology.

    What impact do emerging trends have on the South Korea CCTV Market?

    Emerging trends such as smart surveillance and AI integration are positively influencing market growth.

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