Sales of smart home security camera in Korea are poised to surge at a staggering 17.2% CAGR through 2034. The overall demand for smart home security camera in Korea is set to rise, crossing a valuation of USD 259.7 million in 2024. By 2034, sales projections for smart home security camera in Korea indicate reaching a valuation of USD 1,268.7 million.
Attributes | Details |
---|---|
Industry Size in Korea in 2024 | USD 259.7 million |
Expected Industry Size of Korea by 2034 | USD 1,268.7 million |
Forecasted CAGR between 2024 to 2034 | 17.2% |
Leading Connectivity for Smart Home Security Camera in Korea | Wired Smart Camera |
---|---|
Total Value Share (2024) | 71.10% |
Wired connections are typically considered more secure than wireless connections because they are less susceptible to hacking or signal interference. The perceived security advantage of wired connections can be a key selling feature in an industry where data security and privacy are crucial. Korea is well-known for its sophisticated internet infrastructure, which includes high-speed broadband and ubiquitous fiber optic access.
This deployment of wired smart camera is supported by this robust infrastructure, allowing for high-definition video streaming and continuous surveillance without the risk of signal losses or latency difficulties. The rapid growth of infrastructure is expected to boost demand for connected smart home security camera in the future years.
Leading Sales Channel for Smart Home Security Camera in Korea | Physical Stores |
---|---|
Total Value Share (2024) | 69.10% |
For the younger generation in Korea, the future of brick-and-mortar shops appears secure, at least in the short term. In 2021, more than 65% of Koreans favored offline shopping, citing the ability to personally inspect products, and buying a smart home security camera is no exception. Traditional and independent markets coexist with chain businesses, such as department stores and hypermarkets, in the Korean retail scene.
Physical stores are preferred in Korea due to social and cultural reasons. In addition to the value of human relationships, the tactile sensation of physically examining items is important. Koreans place a high emphasis on in-person conversations with vendors, asking for tailored advice, and developing a relationship of trust. The comfort and familiarity of conventional retail locations, together with a need for instant satisfaction, continue to fuel the appeal of physical stores, even while eCommerce is rising.
The smart home security camera industry in Korea features an evolving competitive landscape with a mix of domestic and foreign competitors striving for a competitive edge. Growing security concerns and the emergence of smart home ecosystems drive healthy industry growth.
Domestic firms like Samsung and LG are fierce competitors, utilizing their established presence and brand image to offer complete security solutions integrated into their larger product ranges. These firms concentrate on developing synergies within their product ecosystems to deliver end-to-end smart home solutions, thereby increasing their competitive position.
International firms, such as Google's Nest and Amazon's Ring, are also making strides in the Korean industry. These firms bring their worldwide expertise and technical advancements to the forefront to seize a portion of the rising demand for smart home security camera. Their focus on cloud-based solutions and AI-powered features has piqued the interest of tech-savvy Korean customers.
Strategies for Key Players to Tap into Potential Growth Opportunities
Recent Development Observed in Smart Home Security Camera in Korea
Attribute | Details |
---|---|
Estimated Industry Size in 2024 | USD 259.7 million |
Projected Industry Size in 2034 | USD 1,268.7 million |
Anticipated CAGR between 2024 to 2034 | 17.2% CAGR |
Historical Analysis of Demand for Smart Home Security Camera in Korea | 2019 to 2023 |
Demand Forecast for Smart Home Security Camera in Korea | 2024 to 2034 |
Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Smart Home Security Camera Adoption in Korea, Insights on Global Players and their Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korean Manufacturers |
Key Cities Analyzed While Studying Opportunities in Smart Home Security Camera in Korea | South Gyeongsang, North Jeolla, South Jeolla, Jeju |
Key Companies Profiled | Samsung; LG Electronics; Hanwha Techwin; ADT Caps; KT Corporation; SK Telecom; Cubie; Goscam; DLink Korea; Withus Technology |
Table 1: Industry Analysis and Outlook Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Industry Analysis and Outlook Volume (Units) Forecast by Region, 2018 to 2033
Table 3: Industry Analysis and Outlook Value (US$ Million) Forecast by Camera Type, 2018 to 2033
Table 4: Industry Analysis and Outlook Volume (Units) Forecast by Camera Type, 2018 to 2033
Table 5: Industry Analysis and Outlook Value (US$ Million) Forecast by Connectivity, 2018 to 2033
Table 6: Industry Analysis and Outlook Volume (Units) Forecast by Connectivity, 2018 to 2033
Table 7: Industry Analysis and Outlook Value (US$ Million) Forecast by Sales Channel, 2018 to 2033
Table 8: Industry Analysis and Outlook Volume (Units) Forecast by Sales Channel, 2018 to 2033
Table 9: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Forecast by Camera Type, 2018 to 2033
Table 10: South Gyeongsang Industry Analysis and Outlook Volume (Units) Forecast by Camera Type, 2018 to 2033
Table 11: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Forecast by Connectivity, 2018 to 2033
Table 12: South Gyeongsang Industry Analysis and Outlook Volume (Units) Forecast by Connectivity, 2018 to 2033
Table 13: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Forecast by Sales Channel, 2018 to 2033
Table 14: South Gyeongsang Industry Analysis and Outlook Volume (Units) Forecast by Sales Channel, 2018 to 2033
Table 15: North Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Camera Type, 2018 to 2033
Table 16: North Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Camera Type, 2018 to 2033
Table 17: North Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Connectivity, 2018 to 2033
Table 18: North Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Connectivity, 2018 to 2033
Table 19: North Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Sales Channel, 2018 to 2033
Table 20: North Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Sales Channel, 2018 to 2033
Table 21: South Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Camera Type, 2018 to 2033
Table 22: South Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Camera Type, 2018 to 2033
Table 23: South Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Connectivity, 2018 to 2033
Table 24: South Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Connectivity, 2018 to 2033
Table 25: South Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Sales Channel, 2018 to 2033
Table 26: South Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Sales Channel, 2018 to 2033
Table 27: Jeju Industry Analysis and Outlook Value (US$ Million) Forecast by Camera Type, 2018 to 2033
Table 28: Jeju Industry Analysis and Outlook Volume (Units) Forecast by Camera Type, 2018 to 2033
Table 29: Jeju Industry Analysis and Outlook Value (US$ Million) Forecast by Connectivity, 2018 to 2033
Table 30: Jeju Industry Analysis and Outlook Volume (Units) Forecast by Connectivity, 2018 to 2033
Table 31: Jeju Industry Analysis and Outlook Value (US$ Million) Forecast by Sales Channel, 2018 to 2033
Table 32: Jeju Industry Analysis and Outlook Volume (Units) Forecast by Sales Channel, 2018 to 2033
Table 33: Rest of Industry Analysis and Outlook Value (US$ Million) Forecast by Camera Type, 2018 to 2033
Table 34: Rest of Industry Analysis and Outlook Volume (Units) Forecast by Camera Type, 2018 to 2033
Table 35: Rest of Industry Analysis and Outlook Value (US$ Million) Forecast by Connectivity, 2018 to 2033
Table 36: Rest of Industry Analysis and Outlook Volume (Units) Forecast by Connectivity, 2018 to 2033
Table 37: Rest of Industry Analysis and Outlook Value (US$ Million) Forecast by Sales Channel, 2018 to 2033
Table 38: Rest of Industry Analysis and Outlook Volume (Units) Forecast by Sales Channel, 2018 to 2033
Figure 1: Industry Analysis and Outlook Value (US$ Million) by Camera Type, 2023 to 2033
Figure 2: Industry Analysis and Outlook Value (US$ Million) by Connectivity, 2023 to 2033
Figure 3: Industry Analysis and Outlook Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 4: Industry Analysis and Outlook Value (US$ Million) by Region, 2023 to 2033
Figure 5: Industry Analysis and Outlook Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Industry Analysis and Outlook Volume (Units) Analysis by Region, 2018 to 2033
Figure 7: Industry Analysis and Outlook Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 8: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 9: Industry Analysis and Outlook Value (US$ Million) Analysis by Camera Type, 2018 to 2033
Figure 10: Industry Analysis and Outlook Volume (Units) Analysis by Camera Type, 2018 to 2033
Figure 11: Industry Analysis and Outlook Value Share (%) and BPS Analysis by Camera Type, 2023 to 2033
Figure 12: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Camera Type, 2023 to 2033
Figure 13: Industry Analysis and Outlook Value (US$ Million) Analysis by Connectivity, 2018 to 2033
Figure 14: Industry Analysis and Outlook Volume (Units) Analysis by Connectivity, 2018 to 2033
Figure 15: Industry Analysis and Outlook Value Share (%) and BPS Analysis by Connectivity, 2023 to 2033
Figure 16: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Connectivity, 2023 to 2033
Figure 17: Industry Analysis and Outlook Value (US$ Million) Analysis by Sales Channel, 2018 to 2033
Figure 18: Industry Analysis and Outlook Volume (Units) Analysis by Sales Channel, 2018 to 2033
Figure 19: Industry Analysis and Outlook Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 20: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 21: Industry Analysis and Outlook Attractiveness by Camera Type, 2023 to 2033
Figure 22: Industry Analysis and Outlook Attractiveness by Connectivity, 2023 to 2033
Figure 23: Industry Analysis and Outlook Attractiveness by Sales Channel, 2023 to 2033
Figure 24: Industry Analysis and Outlook Attractiveness by Region, 2023 to 2033
Figure 25: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) by Camera Type, 2023 to 2033
Figure 26: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) by Connectivity, 2023 to 2033
Figure 27: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 28: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Analysis by Camera Type, 2018 to 2033
Figure 29: South Gyeongsang Industry Analysis and Outlook Volume (Units) Analysis by Camera Type, 2018 to 2033
Figure 30: South Gyeongsang Industry Analysis and Outlook Value Share (%) and BPS Analysis by Camera Type, 2023 to 2033
Figure 31: South Gyeongsang Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Camera Type, 2023 to 2033
Figure 32: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Analysis by Connectivity, 2018 to 2033
Figure 33: South Gyeongsang Industry Analysis and Outlook Volume (Units) Analysis by Connectivity, 2018 to 2033
Figure 34: South Gyeongsang Industry Analysis and Outlook Value Share (%) and BPS Analysis by Connectivity, 2023 to 2033
Figure 35: South Gyeongsang Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Connectivity, 2023 to 2033
Figure 36: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Analysis by Sales Channel, 2018 to 2033
Figure 37: South Gyeongsang Industry Analysis and Outlook Volume (Units) Analysis by Sales Channel, 2018 to 2033
Figure 38: South Gyeongsang Industry Analysis and Outlook Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 39: South Gyeongsang Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 40: South Gyeongsang Industry Analysis and Outlook Attractiveness by Camera Type, 2023 to 2033
Figure 41: South Gyeongsang Industry Analysis and Outlook Attractiveness by Connectivity, 2023 to 2033
Figure 42: South Gyeongsang Industry Analysis and Outlook Attractiveness by Sales Channel, 2023 to 2033
Figure 43: North Jeolla Industry Analysis and Outlook Value (US$ Million) by Camera Type, 2023 to 2033
Figure 44: North Jeolla Industry Analysis and Outlook Value (US$ Million) by Connectivity, 2023 to 2033
Figure 45: North Jeolla Industry Analysis and Outlook Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 46: North Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Camera Type, 2018 to 2033
Figure 47: North Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Camera Type, 2018 to 2033
Figure 48: North Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Camera Type, 2023 to 2033
Figure 49: North Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Camera Type, 2023 to 2033
Figure 50: North Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Connectivity, 2018 to 2033
Figure 51: North Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Connectivity, 2018 to 2033
Figure 52: North Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Connectivity, 2023 to 2033
Figure 53: North Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Connectivity, 2023 to 2033
Figure 54: North Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Sales Channel, 2018 to 2033
Figure 55: North Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Sales Channel, 2018 to 2033
Figure 56: North Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 57: North Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 58: North Jeolla Industry Analysis and Outlook Attractiveness by Camera Type, 2023 to 2033
Figure 59: North Jeolla Industry Analysis and Outlook Attractiveness by Connectivity, 2023 to 2033
Figure 60: North Jeolla Industry Analysis and Outlook Attractiveness by Sales Channel, 2023 to 2033
Figure 61: South Jeolla Industry Analysis and Outlook Value (US$ Million) by Camera Type, 2023 to 2033
Figure 62: South Jeolla Industry Analysis and Outlook Value (US$ Million) by Connectivity, 2023 to 2033
Figure 63: South Jeolla Industry Analysis and Outlook Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 64: South Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Camera Type, 2018 to 2033
Figure 65: South Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Camera Type, 2018 to 2033
Figure 66: South Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Camera Type, 2023 to 2033
Figure 67: South Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Camera Type, 2023 to 2033
Figure 68: South Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Connectivity, 2018 to 2033
Figure 69: South Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Connectivity, 2018 to 2033
Figure 70: South Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Connectivity, 2023 to 2033
Figure 71: South Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Connectivity, 2023 to 2033
Figure 72: South Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Sales Channel, 2018 to 2033
Figure 73: South Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Sales Channel, 2018 to 2033
Figure 74: South Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 75: South Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 76: South Jeolla Industry Analysis and Outlook Attractiveness by Camera Type, 2023 to 2033
Figure 77: South Jeolla Industry Analysis and Outlook Attractiveness by Connectivity, 2023 to 2033
Figure 78: South Jeolla Industry Analysis and Outlook Attractiveness by Sales Channel, 2023 to 2033
Figure 79: Jeju Industry Analysis and Outlook Value (US$ Million) by Camera Type, 2023 to 2033
Figure 80: Jeju Industry Analysis and Outlook Value (US$ Million) by Connectivity, 2023 to 2033
Figure 81: Jeju Industry Analysis and Outlook Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 82: Jeju Industry Analysis and Outlook Value (US$ Million) Analysis by Camera Type, 2018 to 2033
Figure 83: Jeju Industry Analysis and Outlook Volume (Units) Analysis by Camera Type, 2018 to 2033
Figure 84: Jeju Industry Analysis and Outlook Value Share (%) and BPS Analysis by Camera Type, 2023 to 2033
Figure 85: Jeju Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Camera Type, 2023 to 2033
Figure 86: Jeju Industry Analysis and Outlook Value (US$ Million) Analysis by Connectivity, 2018 to 2033
Figure 87: Jeju Industry Analysis and Outlook Volume (Units) Analysis by Connectivity, 2018 to 2033
Figure 88: Jeju Industry Analysis and Outlook Value Share (%) and BPS Analysis by Connectivity, 2023 to 2033
Figure 89: Jeju Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Connectivity, 2023 to 2033
Figure 90: Jeju Industry Analysis and Outlook Value (US$ Million) Analysis by Sales Channel, 2018 to 2033
Figure 91: Jeju Industry Analysis and Outlook Volume (Units) Analysis by Sales Channel, 2018 to 2033
Figure 92: Jeju Industry Analysis and Outlook Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 93: Jeju Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 94: Jeju Industry Analysis and Outlook Attractiveness by Camera Type, 2023 to 2033
Figure 95: Jeju Industry Analysis and Outlook Attractiveness by Connectivity, 2023 to 2033
Figure 96: Jeju Industry Analysis and Outlook Attractiveness by Sales Channel, 2023 to 2033
Figure 97: Rest of Industry Analysis and Outlook Value (US$ Million) by Camera Type, 2023 to 2033
Figure 98: Rest of Industry Analysis and Outlook Value (US$ Million) by Connectivity, 2023 to 2033
Figure 99: Rest of Industry Analysis and Outlook Value (US$ Million) by Sales Channel, 2023 to 2033
Figure 100: Rest of Industry Analysis and Outlook Value (US$ Million) Analysis by Camera Type, 2018 to 2033
Figure 101: Rest of Industry Analysis and Outlook Volume (Units) Analysis by Camera Type, 2018 to 2033
Figure 102: Rest of Industry Analysis and Outlook Value Share (%) and BPS Analysis by Camera Type, 2023 to 2033
Figure 103: Rest of Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Camera Type, 2023 to 2033
Figure 104: Rest of Industry Analysis and Outlook Value (US$ Million) Analysis by Connectivity, 2018 to 2033
Figure 105: Rest of Industry Analysis and Outlook Volume (Units) Analysis by Connectivity, 2018 to 2033
Figure 106: Rest of Industry Analysis and Outlook Value Share (%) and BPS Analysis by Connectivity, 2023 to 2033
Figure 107: Rest of Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Connectivity, 2023 to 2033
Figure 108: Rest of Industry Analysis and Outlook Value (US$ Million) Analysis by Sales Channel, 2018 to 2033
Figure 109: Rest of Industry Analysis and Outlook Volume (Units) Analysis by Sales Channel, 2018 to 2033
Figure 110: Rest of Industry Analysis and Outlook Value Share (%) and BPS Analysis by Sales Channel, 2023 to 2033
Figure 111: Rest of Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Sales Channel, 2023 to 2033
Figure 112: Rest of Industry Analysis and Outlook Attractiveness by Camera Type, 2023 to 2033
Figure 113: Rest of Industry Analysis and Outlook Attractiveness by Connectivity, 2023 to 2033
Figure 114: Rest of Industry Analysis and Outlook Attractiveness by Sales Channel, 2023 to 2033
The expected CAGR until 2034 stands at a remarkable 17.2%.
The demand for smart home security camera in Korea is projected to reach USD 1,268.7 million by 2034.
Sustainability and energy efficiency trends influence the demand for smart home security camera in Korea.
Smart home security camera manufacturers emphasize product innovation to cater to dynamic consumer preferences.
Wired smart camera is highly preferred in Korea's smart home security camera industry.
Explore Next-Gen Tech Insights
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.