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 US$ 259.7 million in 2024. By 2034, sales projections for smart home security camera in Korea indicate reaching a valuation of US$ 1,268.7 million.
| Attributes | Details |
|---|---|
| Industry Size in Korea in 2024 | US$ 259.7 million |
| Expected Industry Size of Korea by 2034 | US$ 1,268.7 million |
| Forecasted CAGR between 2024 to 2034 | 17.2% |
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Principal Consultant
| 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
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| Attribute | Details |
|---|---|
| Estimated Industry Size in 2024 | US$ 259.7 million |
| Projected Industry Size in 2034 | US$ 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 |
The expected CAGR until 2034 stands at a remarkable 17.2%.
The demand for smart home security camera in Korea is projected to reach US$ 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.
1. Executive Summary
1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Camera Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Camera Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Camera Type, 2023 to 2033
5.3.1. Smart Video Doorbell Camera
5.3.2. Smart Indoor Camera
5.3.3. Smart Outdoor Camera
5.4. Y-o-Y Growth Trend Analysis By Camera Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Camera Type, 2023 to 2033
6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Connectivity
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Connectivity, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Connectivity, 2023 to 2033
6.3.1. Wired Smart Camera
6.3.2. Wireless Smart Camera
6.4. Y-o-Y Growth Trend Analysis By Connectivity, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Connectivity, 2023 to 2033
7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sales Channel, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sales Channel, 2023 to 2033
7.3.1. ecommerce/Online
7.3.2. Physical Stores/Offline
7.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033
8. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
8.3.1. South Gyeongsang
8.3.2. North Jeolla
8.3.3. South Jeolla
8.3.4. Jeju
8.3.5. Rest of Korea
8.4. Market Attractiveness Analysis By Region
9. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Camera Type
9.2.2. By Connectivity
9.2.3. By Sales Channel
9.3. Market Attractiveness Analysis
9.3.1. By Camera Type
9.3.2. By Connectivity
9.3.3. By Sales Channel
9.4. Key Takeaways
10. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Camera Type
10.2.2. By Connectivity
10.2.3. By Sales Channel
10.3. Market Attractiveness Analysis
10.3.1. By Camera Type
10.3.2. By Connectivity
10.3.3. By Sales Channel
10.4. Key Takeaways
11. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Camera Type
11.2.2. By Connectivity
11.2.3. By Sales Channel
11.3. Market Attractiveness Analysis
11.3.1. By Camera Type
11.3.2. By Connectivity
11.3.3. By Sales Channel
11.4. Key Takeaways
12. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Camera Type
12.2.2. By Connectivity
12.2.3. By Sales Channel
12.3. Market Attractiveness Analysis
12.3.1. By Camera Type
12.3.2. By Connectivity
12.3.3. By Sales Channel
12.4. Key Takeaways
13. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Camera Type
13.2.2. By Connectivity
13.2.3. By Sales Channel
13.3. Market Attractiveness Analysis
13.3.1. By Camera Type
13.3.2. By Connectivity
13.3.3. By Sales Channel
13.4. Key Takeaways
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Camera Type
14.3.3. By Connectivity
14.3.4. By Sales Channel
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Vivint Smart Home Inc.
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. ADT LLC
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. Simplisafe Inc.
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. Brinks Home Security
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Skylinkhome
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. Samsung Electronics Co. Ltd.
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Frontpoint Security Solutions LLC
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Arlo Technologies Inc.
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Wyze Labs Inc.
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. Blink
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
15.1.11. Ring LLC
15.1.11.1. Overview
15.1.11.2. Product Portfolio
15.1.11.3. Profitability by Market Segments
15.1.11.4. Sales Footprint
15.1.11.5. Strategy Overview
15.1.11.5.1. Marketing Strategy
15.1.11.5.2. Product Strategy
15.1.11.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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Demand and Trends Analysis of Smart Home Security Camera in Korea
