IMARC Group has recently released a new research study titled “South Korea CCTV Camera Market Size, Share, Trends and Forecast by Type, End User Vertical, and Region, 2025-2033”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
Market Overview
The South Korea CCTV camera market size reached USD 2,460.56 Million in 2024 and is expected to grow to USD 11,846.33 Million by 2033. The market is projected to expand at a robust CAGR of 19.08% during the forecast period of 2025-2033. Growth is driven by increasing security concerns, smart city initiatives, and the adoption of AI-enabled surveillance technologies. Demand spans commercial, residential, and public sectors, focusing on real-time monitoring and analytics.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
South Korea CCTV Camera Market Key Takeaways
- In 2024, the market size was USD 2,460.56 Million.
- The CAGR for the period 2025-2033 is 19.08%.
- The forecast period covers 2025 to 2033.
- AI-powered surveillance, including facial recognition and behavioral analytics, is a major growth driver.
- Government initiatives, such as the planned addition of 10,000 AI surveillance cameras in public parks and trails by 2026, are accelerating market adoption.
- Public safety and transport security are key focus areas for market expansion.
- Technological advancements and government-led safety programs are significantly contributing to market growth.
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Market Growth Factors
The South Korea CCTV camera market is growing swiftly due to heightened security concerns across various sectors. The adoption of AI-powered surveillance technology plays a pivotal role. Cameras equipped with facial recognition, license plate reading (LPR), object detection, and behavioral analysis enable faster incident identification and proactive monitoring. For example, in September 2024, the Electronics and Telecommunications Research Institute developed “Dejaview,” an AI-driven CCTV technology designed to detect and predict criminal activities in real-time by analyzing crime patterns and environmental factors, enhancing public safety.
The government’s emphasis on public safety and transport security significantly fuels market growth. In January 2024, Seoul announced plans to deploy 10,000 AI surveillance cameras in parks and hiking trails by 2026, backed by a budget of 126.5 billion won for upgrading outdated systems. These deployments support emergency response by sending real-time alerts and assist in managing crowds and suspicious activities at transit hubs, government buildings, and public spaces, aligning with South Korea’s urban safety strategy.
Technological advancements and government-led safety programs remain key contributors to market expansion. The increasing demand for smart, high-resolution, and networked cameras is driven by public infrastructure, retail, and transportation sectors. Such technologies improve operational efficiency and situational awareness, fostering investments in the CCTV segment. The affordability and accessibility of AI technologies have accelerated their integration, reinforcing the market’s long-term positive outlook.
Market Segmentation
By Type:
- Analog Cameras: Traditional CCTV cameras transmitting analog signals, widely used for basic surveillance needs.
- IP Cameras (excluding PTZ): Internet Protocol cameras that provide digital video signals, offering higher resolution and remote access capabilities.
- PTZ Cameras: Cameras with Pan-Tilt-Zoom functions allowing flexible movement and zooming to cover larger surveillance areas.
By End User Vertical:
- Government: Surveillance systems deployed in government facilities and public spaces to enhance security and safety.
- Industrial: CCTV cameras used within manufacturing plants, warehouses, and industrial zones for monitoring operations.
- BFSI: Banking, Financial Services, and Insurance sectors utilize CCTV for fraud prevention and security.
- Transportation Vertical: Surveillance solutions implemented in transit hubs, metro stations, and transport facilities to monitor crowd and safety.
- Others: Other sectors employing CCTV cameras for various surveillance needs.
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Regional Insights
The dominant region in the South Korea CCTV camera market includes Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), and others. Seoul Capital Area, being the capital and largest metropolitan hub, is pivotal for CCTV deployment, particularly for public safety initiatives such as the installation of 10,000 AI cameras in parks and trails by 2026. The market across these regions benefits from concentrated urban populations and infrastructure development, accelerating demand for advanced surveillance technologies.
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