South Korea Smart Home Market, Number, Household Penetration & Key Company Analysis - Forecast to 2026
                     
South Korea Smart Home Market - Overview
South Korea offers a lucrative market opportunity for the Smart home industry, as the smart home market in the 
country is projected to reach nearly US$ 7 Billion by 2026. Smart home is a system that allows home owner to control 
and monitor different devices in home including the heating, lighting, security, and entertainment, automatically and 
sometimes remotely via the Internet. In South Korea, household penetration for smart home applications is estimated 
at around 22% in 2019.
The Korean government is in the process of updating its national smart home standards to prepare for the era of the 
Internet of Things (IoT). The major Korean electronics manufacturers are also working actively on the IoT and smart 
homes. In 2017, South Korea launched an alliance of leading information and communication technology and 
construction firms to nurture the smart home industry. The alliance is supposed to exchange related technologies for 
the building of smart homes, develop big data-based smart services, standardize regulations and launch marketing 
activities for the expansion of this business field.
South Korea - Smart Home Market (Billion US$), 2015-2019
Note: Dummy Data, Actual figures given in the report
www.igateresearch.com
South Korea Smart Home Market and Forecast
The growth of Smart home market is attributed to factors such as significantly growing IoT market, cost 
reduction measures enabled by home automation systems, large number of manufacturers expanding 
their product portfolios, and increasing importance of home monitoring from remote locations. With the 
increasing demand of smart home devices, security and privacy breach is also increasing. The issues 
pertaining to privacy and security breach are restraining the growth of the smart home market.
South Korea – Forecast For Smart Home Market (Billion US$), 2020-2026
Note: Dummy Data, Actual figures given in the report
www.igateresearch.com
South Korea Smart Home Market - By Application Areas
• In terms of Smart Home applications, By Application Areas – South Korea Smart Home Market Share (Percent), 2019
Smart Appliances captured maximum 
share of the South Korea smart home 
market. Smart appliances are the next 
generation of home appliances that have 
the ability to receive, interpret, and act 
on a signal received from a user, and then 
they automatically adjust their operation 
to save energy.
• Control and Connectivity is the second 
largest application segment of the South 
Korea smart home market, followed by By Application Areas – Forecast for South Korea Smart Home Market Share (Percent), 2026
Security applications at the third spot. 
Control and Connectivity is at the heart of 
smart home solutions, enabling 
everything from smart appliances to 
lighting, from temperature control to 
security.
• Home Entertainment market captured 
nearly 14% share of the market in 2019, 
while the Comfort and Lighting 
application captured least share of the 
South Korea smart home market.
Note: Dummy Data, Actual figures given in the report
www.igateresearch.com
South Korea Smart Home Active Households - By Application Areas
• On the basis of Smart Home volume, By Application Areas – Active Households Market Share (Percent), 2019
Control and Connectivity segment captured 
highest share of the South Korea Smart 
Home active households in 2019.
• Home Entertainment and Comfort and 
Lighting segment accounted for 2nd and 3rd 
highest share of the South Korea Smart 
Home active households respectively in 
2019. The growth of home automation and 
rapid developments in wireless smart 
technology has led to an explosion in the 
range of smart home entertainment 
devices, thus driving the market for smart 
By Application Areas – Forecast for Active Households Market Share (Percent), 2026
home.
• Security application captured least share of 
the Smart Home active households in 2019. 
With improvement in network 
infrastructure, broadband and internet 
penetration has increased, and consumers 
are increasingly opting for wireless and 
technologically advanced products to 
ensure more security for their families. As 
the trend towards home automation and 
smart homes grows, the market will witness 
significant growth.
Note: Dummy Data, Actual figures given in the report
www.igateresearch.com
Continue (www.igateresearch.com)
iGATE RESEARCH report titled “South Korea Smart Home Market, 
Number, Household Penetration (by Application Areas), Policies, 
Trends & Key Company Profiles - Forecast to 2026” provides a 
comprehensive assessment of the fast-evolving, high-growth South 
Korea Smart Home Industry.
www.igateresearch.com
This 113 Page report with 42 Figures and 4 Tables has been analyzed from 8 viewpoints:
1. South Korea Smart Home Market, Household Penetration & Forecast (2015 - 2026)
2. South Korea Smart Home Number & Forecast (2015 - 2026)
3. South Korea Smart Home Market Share Analysis - By Application Areas (2015 - 2026)
4. South Korea Smart Home Active Households Share - By Application Areas (2015 - 2026)
5. South Korea Smart Home Market, Number of Active Households & Households
     Penetration - By Application Areas (2015 - 2026)
6. South Korea National Smart Home Standardization
7. South Korea Smart Home Market - Key Company Profiles
8. South Korea Smart Home Market - Growth Drivers and Challenges
www.igateresearch.com
Continue (www.igateresearch.com)
South Korea Smart Home Market - Application Areas
1.  Control and Connectivity (Home Automation)
2.  Comfort and Lighting (Home Automation)
3.  Home Entertainment 
4.  Smart Appliances 
5.  Energy Management 
6.  Security Application 
South Korea Smart Home - Key Company Profiles
• Samsung Electronics Co., Ltd.
• LG Electronics Inc.
• SK Telecom
• KT Corp
• Hancom MDS Inc. (The former MDS Technology Co., Ltd.)
www.igateresearch.com
Published By
  iGATE RESEARCH
   Phone: +91-858-684-0791 (India)
               +91-821-092-7469 (India)
   Email: [email protected]
   Internet: www.igateresearch.com
 
 
 
 
 
www.igateresearch.com
Format
Report Title: 
“South Korea Smart Home Market, Number, Household Penetrati
on & Key Company Analysis - Forecast 
to 2026”
To Order the Report Visit:
http://www.igateresearch.com/
Single User License US$ 1,890
Hard-copy Mail Delivery US$ 2,150
CD-ROM Mail Delivery US$ 2,090
Multi User License US$ 2,790
www.igateresearch.com
Order the Report
iGATE RESEARCH PVT. LTD.
Web: www.igateresearch.com
To order the Report:
E-Mail:  [email protected]
Contact No. : +91-858-684-0791, +91-821-092-7469 (INDIA)
For Report Related Query:
E-Mail:  [email protected]
Contact No. : +91-858-684-0791, +91-821-092-7469 (INDIA)
www.igateresearch.com