Hanwha Techwin Co., Ltd

Hanwha Techwin Co., Ltd Overview

Company Global Headquarters: South Korea

Founded: 1977

Workforce: ~4,334

Company Overview: Hanwha Techwin, currently called Hanwha Aerospace, (Hanwha) belongs to the parent organization Hanwha Group. It currently engages in the business of aircraft engines, security, gas turbine engine, energy equipment, and industrial machinery. The company offers total security solutions including optical design, manufacturing, and image processing technologies. The company has been in video surveillance business for almost 25 years after launching its first video surveillance camera in 1991. The company offers a complete line of security solutions from CCTV to integrated management software and video recorders. The company’s product lines are designed to meet the requirements of urban surveillance, transportation, banking, and retail. The company operates globally in the regions of Korea, the United States, Asia, and Europe.

Strategy

Hanwha heavily invests in research and development to meet the changing market needs. The company continuously makes development in its products to create a comprehensive range of security solutions. The operates through its strong sales network across North America, Europe, Asia Pacific, and the Middle East.

Company Snapshot

$2.37M

Revenue

4,334

Employees

1977

Founded

SWOT Analysis

Strengths

Global distribution partners
Diversified product portfolio
Strong research & development
Wide Sales Network

Weaknesses

Limited number of workforce

Opportunities

Intelligent security management and access control

Threats

Intense competition
Foreign currency exchange rate fluctuations

Key Developments

Date	Approach	Development
–	–	Hanwha Techwin has launched three radiometric thermal cameras that can be used in perimeter and border monitoring including military operations. With this launch, the company expanded and strengthened its position in global Video surveillance market.
–	–	Hanwha Techwin singed a global partnership agreement with Oxehealth. Under this partnership, Hanwha Techwin provides its high-resolution network camera to help Oxehealth develop its remote healthcare monitoring solution.

Product Offering

Hanwha Techwin Co., Ltd
- Video Surveillance

Financial Performance

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