South Korea Automotive Camera Market Overview, 2029

The automotive camera market in South Korea has grown significantly over the last decade, owing to the increased usage of Advanced Driver Assistance Systems (ADAS) and the push for autonomous driving technologies. The government's focus on minimising traffic accidents and improving road safety has expedited the implementation of camera systems in all vehicle kinds. By the 2010s, automobile cameras had become widely integrated into local and export car models, particularly in higher-end segments. In 2023, Hyundai announced additional investments in self-driving technologies, with the goal of bringing fully autonomous vehicles to market by the late 2020s. Camera systems are an essential component of this vision, recognising obstructions, people, and road conditions in real time. The Ministry of Land, Infrastructure, and Transport (MOLIT) requires rearview cameras in all new automobiles in accordance with global safety standards. Furthermore, South Korea adheres to UN ECE (United Nations Economic Commission for Europe) car safety regulations, which require specific ADAS features, such as lane-keeping assistance and collision warning systems, to be installed in vehicles. During the early stages of the pandemic, the industry experienced major disruptions due to supply chain disruptions, decreased demand for vehicles, and production shutdowns. Global automobile manufacturing has declined, and South Korea is no exception, resulting in delays in new car releases and the implementation of modern camera technologies. The market began to recover by mid-2021, as demand for contactless technology and features increased.

According to the research report "South Korea Automotive Camera Market Overview, 2029," published by Bonafide Research, the South Korea automotive camera market was valued at more than USD 330 Million in 2023. The market for automotive cameras has grown rapidly in recent years due to the widespread deployment of Advanced Driver Assistance Systems (ADAS) and the push towards self-driving vehicles. Furthermore, integrating AI and machine learning algorithms into video systems improves object identification accuracy, allowing vehicles to better perceive their surroundings even in adverse situations. In April 2021, Hyundai Mobis, a major automotive supplier, revealed the creation of a next-generation camera system capable of identifying both automobiles and people in real time, even in low-light circumstances. This system is part of Hyundai's overall endeavour to improve its ADAS and autonomous driving capabilities. Hyundai Motor Group announced a partnership with NVIDIA in October 2022 to integrate its DRIVE AI platform into Hyundai and Kia automobiles. This collaboration includes the creation of camera-based systems for ADAS, which will advance the capabilities of cameras used in autonomous driving and safety features. Another significant collaboration is between LG Electronics and ZF Group, who joined forces in 2020 to develop camera systems for self-driving cars. LG's experience in consumer electronics and display technologies, combined with ZF's automotive expertise, has resulted in high-performance camera solutions tailored to meet the expanding demands of autonomous driving.

In South Korea's automotive camera market, different types of cameras serve unique purposes to improve car safety and driving assistance. These include cameras for rear, front, side, and surround views. Rear view cameras are widely employed in passenger automobiles, light commercial vehicles, and electric vehicles (EVs) to help avoid collisions while reversing. The market for rear view cameras remains robust in South Korea due to their importance in reducing accidents in metropolitan areas with limited parking places. Front view cameras are in high demand in South Korea, as automakers integrate them into vehicles with semi-autonomous driving capabilities. Front view cameras also function in tandem with radar and other sensors to improve the vehicle's capacity to detect objects, people, and so on. In South Korea, side view cameras are becoming more widespread in higher-end automobiles, as part of the transition to completely autonomous driving. Some car manufacturers are even replacing standard side mirrors with camera-based systems to cut drag and increase aerodynamics. In South Korea, Surround View cameras are currently the most popular, particularly in the luxury and premium vehicle sectors. As safety requirements and consumer expectations rise, more automobiles are outfitted with surround view systems, which provide a full view of their surroundings. Hyundai Mobis is the main local supplier of vehicle cameras in South Korea, offering a wide range of systems such as surround view, rear view, front view, and side view cameras.

In South Korea's automotive camera market, camera systems are in demand and used in a variety of vehicle types, including passenger cars, light commercial vehicles (LCVs), electric vehicles (EVs), and heavy commercial vehicles. The passenger car sector is the largest in South Korea's automotive camera market. With rising consumer demand for sophisticated safety measures, cameras are increasingly being integrated into vehicles. The emphasis on ADAS (Advanced Driver Assistance Systems) and comfort amenities in passenger vehicles creates a substantial demand for camera systems. Hyundai Motor Company is a market leader in South Korea, equipping its passenger vehicles with cutting-edge camera technology to improve safety and driving enjoyment. The growth of e-commerce and last-mile delivery services has raised demand for LCVs, resulting in a greater requirement for advanced camera systems. Companies like Kia Motors are well-known for their advances in incorporating camera systems into LCVs to improve safety and operational efficiency. EVs frequently include cutting-edge technology, such as enhanced camera systems for safety and self-driving. Camera integration in electric vehicles is critical for features like lane assist, accident avoidance, and 360-degree views. Hyundai Motor Group is a market leader in this category, creating and combining advanced camera systems into its electric vehicle lineup, which includes the Hyundai Ioniq and Kona Electric.

In South Korea's automotive camera market, digital, infrared, and thermal technologies all play important roles in improving vehicle safety and driver assistance. Among these technologies, digital cameras are currently the most popular in South Korea's automotive camera industry due to their extensive use and incorporation into numerous car types. They are required for the majority of ADAS applications and are preferred since they are inexpensive and effective. Hyundai Mobis is the dominant local player in the South Korean automobile camera market. It offers superior digital, infrared, and thermal camera solutions to major automakers such as Hyundai and Kia. Hyundai Mobis has been in the forefront of integrating these technology into their vehicles, with a focus on improving safety features and promoting the development of autonomous driving capabilities. Infrared technology is especially useful in improving safety on rural roads and highways. In South Korea, infrared cameras are gradually being integrated into high-end and luxury automobiles, where they are utilised in conjunction with other ADAS systems to add an extra layer of safety. Thermal cameras are increasingly used in South Korea's automotive industry, particularly in sophisticated safety systems and self-driving technologies. Their capacity to improve situational awareness in difficult conditions makes them useful for both passenger and commercial vehicles. Thermal cameras detect heat signatures and are extremely effective in harsh weather situations like fog, rain, or snow. They provide a good image of objects by sensing temperature changes, which is critical for identifying possible threats that can be hidden.



In South Korea's automotive camera market, Advanced Driver Assistance Systems (ADAS), Park Assist Systems, and Driver Monitoring Systems are essential components that improve vehicle safety and driver convenience. ADAS is currently the most widely adopted and integrated system in South Korea. Collision avoidance systems use cameras, radar, and other sensors to detect potential collisions with cars, pedestrians, or obstructions. These systems can alert drivers and, in some situations, automatically apply the brakes or take corrective action to prevent an accident. South Korea's demand for collision avoidance technology is increasing as part of a larger drive towards semi-autonomous and fully autonomous vehicles. Lane Assistance is commonly used in new vehicles in South Korea, owing to tight safety rules and consumer demand for improved driving assistance. Blind Spot Detection systems use cameras installed on the vehicle's sides to monitor regions that the driver cannot see. This feature prevents accidents during lane changes by alerting you if another vehicle is in your blind zone. The use of Blind Spot Detection systems in South Korean vehicles is expanding, suggesting a growing emphasis on comprehensive safety measures. Park Assist Systems are widely used in South Korea, particularly in urban areas where parking space is scarce and manoeuvring can be difficult. In South Korea, these technologies are progressively being integrated into higher-end automobiles and becoming more common as part of ADAS. Driving Monitoring Systems use cameras to monitor driving behaviour and detect fatigue or distraction. They track eye movements and head position to determine whether the driver is paying attention to the road. In South Korea, these technologies are progressively being integrated into higher-end automobiles and becoming more common as part of ADAS.

South Korea's automotive camera market is generally separated into two sales channels: OEM (Original Equipment Manufacturer) and Aftermarket. In South Korea, the OEM segment dominates the automobile camera market. This is mostly due to the extensive incorporation of modern camera technology into new automobiles as part of standard or optional equipment packages. Hyundai Motor Company and Kia Motors are two major South Korean car manufacturers that contribute significantly to this market. They collaborate closely with vendors such as Hyundai Mobis, which offers advanced camera systems for a variety of ADAS features such as lane assistance, collision avoidance, and blind spot recognition. In South Korea, the aftermarket business is expanding due to increased customer awareness of safety features and a desire to upgrade older vehicles with contemporary technologies. Companies that specialise in aftermarket accessories, such as Pioneer Electronics Korea and Sony Korea, offer a variety of camera systems that can be installed in various vehicle models. These firms sell items that are compatible with a wide range of automobiles and include extra safety and convenience features. This sector is for vehicle owners who want to modify their existing vehicles with modern camera technologies or replace older systems.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Automotive Camera market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By View Type
• Rear View
• Front View
• Side View
• Surround View

By Vehicle Type
• Passenger Car
• Light Commercial Vehicle
• Electric Vehicles (EVs)
• Heavy Commercial Vehicle

By Technology
• Digital
• Infrared
• Thermal

By Application Type
• ADAS (Lane Assistance, Collision Avoidance, Blind Spot Detection)
• Park Assist System
• Others (Driver Monitoring Systems)

By Sales Channel
• OEMs
• Aftermarket

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Automotive Camera industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.