The South Korea Video Surveillance Market Size was estimated at 1.07 (USD Billion) in 2023. The South Korea Video Surveillance Market Industry is expected to grow from 1.13(USD Billion) in 2024 to 3.46 (USD Billion) by 2035. The South Korea Video Surveillance Market CAGR (growth rate) is expected to be around 10.726% during the forecast period (2025 - 2035).
The South Korea Video Surveillance Market is witnessing significant trends driven by various factors. Rapid urbanization and technological advancements are key market drivers. In densely populated cities like Seoul and Busan, the demand for enhanced security measures is rising. The South Korean government has been proactive in implementing smart city initiatives and integrating video surveillance systems into urban planning. This initiative aims to improve public safety and traffic management, further driving the adoption of surveillance technologies. Opportunities in this market are abundant as the integration of Artificial Intelligence (AI) and the Internet of Things (IoT) is transforming traditional video surveillance systems into intelligent security solutions.
Companies are exploring advanced analytics and machine learning capabilities for real-time monitoring and threat detection, which greatly enhances the efficiency of surveillance operations. The growing requirement for cybersecurity measures is also prompting manufacturers to innovate secure surveillance solutions to protect sensitive data and comply with regulations. Recent trends show a shift towards cloud-based video surveillance solutions, which offer flexibility and scalability to businesses in South Korea. With increasing concerns regarding data privacy and storage, cloud solutions are becoming more appealing. Moreover, the focus on IP-based technologies over analog systems indicates a technological transition driven by high-resolution imaging and better connectivity.
Additionally, the rise of e-commerce and smart retailing trends in South Korea is pushing businesses to adopt video surveillance systems for loss prevention and customer behavior analysis. The ongoing digital transformation within various sectors continues to explore the capabilities of video surveillance, solidifying its place in South Korea’s growing economy. Overall, the South Korea video surveillance market is evolving, supported by innovation, government initiatives, and an increasing emphasis on safety and security.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The South Korean government has demonstrated a significant commitment to improving public safety through the development of smart cities, including financial expenditures in modern technology such as video monitoring. Initiatives described in the Korean Ministry of Science and ICT's roadmap seek to provide major financing for smart city initiatives, such as the integration of Internet of Things (IoT) technology and enhanced surveillance systems. This initiative has been bolstered by the new Smart City Construction Promotion Act, which encourages local governments to engage in electronic monitoring for public safety.
South Korea's 21% growth in crime rates in metropolitan areas from 2018 to 2022 demonstrates the growing emphasis on safety, necessitating the implementation of comprehensive video surveillance technology. Such events suggest rising demand in the South Korea video surveillance market, emphasizing the importance of government measures in driving market growth.
In South Korea, security threats have intensified, prompting public and private sectors to prioritize surveillance solutions. The National Police Agency has noted that theft and burglary incidents increased by 15% from 2020 to 2022, reinforcing the need for effective monitoring systems. As citizens demand greater safety and security, businesses are responding by investing in surveillance technology such as High-Definition (HD) cameras and Artificial Intelligence (AI) analytics.
Notable companies like Hanwha Techwin and LG Electronics are developing advanced video surveillance systems tailored to meet the security requirements of South Korean consumers. The rise in criminal activity and growing awareness of these threats are key drivers for the South Korea Video Surveillance Market Industry.
Technological innovations such as Artificial Intelligence (AI) and the Internet of Things (IoT) are transforming the video surveillance landscape in South Korea. With the advent of AI-enabled cameras that can analyze and interpret data in real-time, organizations are seeking to upgrade their surveillance systems to ensure more effective monitoring. The Korea Electronics Technology Institute has reported a rapid adoption of IoT devices, which is expected to grow by over 30% in the next five years.
Major firms like Samsung and Hikvision are relentlessly investing in Research and Development (R) to create smarter surveillance products that cater to the evolving needs of users. This trend of technological advancement is projected to significantly boost growth in the South Korea Video Surveillance Market Industry.
The South Korea Video Surveillance Market, particularly focusing on the Component segment, exhibits a robust landscape characterized by significant growth potential driven by advancements in technology and increasing security concerns among various sectors. The Component segment is crucial as it encompasses three primary categories: Hardware, Software, and Services, each playing a vital role in the overall functionality and effectiveness of video surveillance systems. Hardware typically includes surveillance cameras, recording equipment, and other essential devices that capture visual data. In South Korea, these hardware components are increasingly sophisticated, with features such as high-definition video, wireless technology, and integration capabilities with smart devices, enhancing the operational efficiency of surveillance systems.
Software within this segment is indispensable as it provides the analytical framework for processing and interpreting the vast amounts of data generated by hardware components. Innovations in artificial intelligence and machine learning are enabling software solutions to offer advanced functionalities such as facial recognition, motion detection, and predictive analytics, which are becoming increasingly relevant in securing public and private spaces in South Korea. This software aspect is vital for organizations aiming to leverage video data for actionable insights, improving overall security measures.
Services, which include installation, maintenance, and support, complete the Component segment by ensuring that the hardware and software are effectively integrated and maintained. With the rising complexity of advanced surveillance systems, the demand for reliable service providers is on the rise, making this an essential area for end-users who require a seamless experience. The South Korea Video Surveillance Market data indicates that an increasing number of businesses, governmental institutions, and residential entities are prioritizing comprehensive service packages that address not only installation but also ongoing operational support.
In light of ongoing concerns about public safety and security, the Component segment of the South Korea Video Surveillance Market is anticipated to see accelerated growth, driven by technological advancements and evolving security requirements. With a focus on quality and integration, the components of video surveillance systems will continue to play a prominent role in addressing safety challenges across South Korea’s varied environments. The evolving nature of surveillance technologies is expected to foster innovation and competition among industry players, ultimately benefiting consumers through improved product offerings and services.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Hardware segment of the South Korea Video Surveillance Market plays a vital role in the overall security landscape of the region. This segment primarily encompasses the Camera and Storage Systems, both essential components for an effective surveillance strategy. Cameras have become increasingly sophisticated, leveraging advanced technologies such as artificial intelligence and high-definition imaging to enhance surveillance capabilities. Such advancements have contributed to the growing adoption of smart city initiatives across South Korea, as local governments prioritize public safety and urban management.
On the other hand, Storage Systems are crucial for maintaining the vast amounts of data generated by these surveillance cameras. The shift towards cloud storage solutions is helping businesses and organizations store and access their surveillance footage more efficiently. As data security concerns rise, robust storage infrastructure becomes a focal point for enterprises. The combination of cutting-edge Camera technology and reliable Storage Systems fosters a comprehensive security ecosystem, leading the South Korea Video Surveillance Market’s development and expansion.
The local emphasis on public safety and technological innovation continues to drive significant interest and investment in this Hardware segment.
The South Korea Video Surveillance Market is experiencing substantial growth driven by various applications across several sectors. The residential segment has gained traction as homeowners increasingly prioritize security, leading to a growing demand for high-definition cameras and connected systems to monitor properties. In the commercial sector, businesses recognize the value of video surveillance for theft prevention and operational monitoring, significantly enhancing workplace safety and efficiency. The defense sector utilizes advanced surveillance technologies for border security and military operations, further boosting technological developments in this realm.
Meanwhile, infrastructure applications focus on public safety in urban environments, particularly in transportation systems and public spaces, where monitoring helps in crime reduction and emergency response. As urbanization in South Korea accelerates, the need for sophisticated video surveillance solutions remains vital to ensure security and safety across these various applications, driving overall market growth and innovation.
The South Korea Video Surveillance Market has witnessed significant growth due to the increasing demand for security systems across various sectors, such as commercial, residential, and governmental facilities. The competitive landscape is characterized by a mix of both international and local players striving to capture market share with innovative solutions and advanced technologies. Key trends influencing this market include the integration of artificial intelligence, cloud computing, and Internet of Things capabilities into video surveillance systems, creating opportunities for companies to enhance their offerings. Factors such as regulatory requirements, growing awareness about security, and rising incidences of crime have propelled the adoption of video surveillance systems, leading to a highly competitive environment where companies are constantly innovating and improving their product portfolios to meet consumer needs.
In the South Korea Video Surveillance Market, Sony Electronics holds a prominent position, leveraging its strong reputation for quality and reliability. The company’s offerings in the region are characterized by high-definition video surveillance cameras and advanced imaging technologies that cater to various applications, including retail, transportation, and public safety. Sony Electronics continues to invest in research and development to enhance its product capabilities, ensuring that its camera solutions incorporate cutting-edge features such as low-light performance and intelligent video analytics. The brand’s recognition for delivering superior image quality and performance has favored it in securing key contracts and partnerships within both the public and private sectors of South Korea, solidifying its place as a key player in the market.
Axis Communications has demonstrated a significant presence in the South Korean Video Surveillance Market, notable for transforming the traditional surveillance industry with its IP-based video solutions. The company offers a comprehensive range of products, including network cameras, video encoders, and management software, specifically engineered to provide flexibility and scalability for different security needs. Axis Communications is well regarded for its emphasis on innovation, featuring advanced technologies such as edge analytics and seamless integration with third-party systems, making it a preferred choice among security professionals. The company has successfully established numerous collaborations and partnerships to enhance its market footprint in South Korea while actively exploring opportunities for mergers and acquisitions to augment its service offerings. Axis Communications’ ability to consistently deliver reliable and technologically advanced products has reinforced its competitive standing in the evolving video surveillance landscape of South Korea.
Sony Electronics
Axis Communications
Avigilon
Vivotek
Pelco
Dahua Technology
Honeywell Security
LG Electronics
Milestone Systems
Bosch Security Systems
Hanwha Techwin
Hikvision
Samsung Techwin
Flir Systems
The South Korea Video Surveillance Market has been experiencing significant developments recently, highlighted by advancements in technology and increasing demand for security solutions. Companies such as Sony Electronics, Axis Communications, Avigilon, and Dahua Technology are actively enhancing their product offerings, integrating artificial intelligence and cloud capabilities to respond to the growing security concerns among consumers and businesses. In terms of acquisitions, in March 2023, Milestone Systems announced the acquisition of several new strategic partnerships aimed at expanding their operational reach within the region. Additionally, Hanwha Techwin and LG Electronics have been strengthening their market positions through innovative product launches, catering to the escalating needs in sectors like public safety and smart city initiatives. The South Korean government has also been promoting the installation of video surveillance systems in public areas to enhance security and support market growth. Recent investments in cybersecurity features within video surveillance systems reflect the current emphasis on secure data management. Notably, the shift towards integrated security solutions indicates robust market dynamics, with multiple leading firms reinforcing their RD efforts to maintain competitive advantages in this evolving landscape.
| Report Attribute/Metric | Details |
| Market Size 2023 | 1.07(USD Billion) |
| Market Size 2024 | 1.13(USD Billion) |
| Market Size 2035 | 3.46(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 10.726% (2025 - 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 Billion |
| Key Companies Profiled | Sony Electronics, Axis Communications, Avigilon, Vivotek, Pelco, Dahua Technology, Honeywell Security, LG Electronics, Milestone Systems, Bosch Security Systems, Hanwha Techwin, Hikvision, Samsung Techwin, Flir Systems |
| Segments Covered | Component, Hardware, Application |
| Key Market Opportunities | AI-driven analytics integration, Smart city initiatives growth, Rising demand for cloud solutions, Enhanced cybersecurity measures, Government security investments |
| Key Market Dynamics | Technological advancements, Increasing crime rates, Government regulations, Demand for integrated solutions, Growth in smart cities |
| Countries Covered | South Korea |
Frequently Asked Questions (FAQ) :
The expected market size of the South Korea Video Surveillance Market in 2024 is valued at 1.13 billion USD.
By 2035, the projected market size for the South Korea Video Surveillance Market is expected to reach 3.46 billion USD.
The CAGR for the South Korea Video Surveillance Market from 2025 to 2035 is expected to be 10.726 percent.
The main components influencing the South Korea Video Surveillance Market include hardware, software, and services.
The market value of hardware in the South Korea Video Surveillance Market for 2024 is valued at 0.57 billion USD.
The expected market value for software in the South Korea Video Surveillance Market by 2035 is projected to be 1.1 billion USD.
Major players in the South Korea Video Surveillance Market include Sony Electronics, Axis Communications, Avigilon, and Dahua Technology among others.
The market value for services in the South Korea Video Surveillance Market is expected to reach 0.56 billion USD by 2035.
The South Korea Video Surveillance Market is expected to grow significantly, driven by technological advancements and increasing security concerns.
Emerging trends in the South Korea Video Surveillance Market include advancements in AI technology and increased demand for integrated security solutions.
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