South Korea Smart Home Market, Number, Household Penetration & Key Company Analysis - Forecast to 2025
                     
South Korea Smart Home Market - Overview
The South Korea smart home market is anticipated to exceed US$ 6 Billion by 2025. Smart home is 
a system that allows home owner to control and monitor different devices in the home including 
the heating, lighting, security, and entertainment, automatically and sometimes remotely via the 
Internet
South Korea - Smart Home Market (Billion US$), 2015-2018
Note: Dummy Data, Actual figures given in the report
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South Korea Smart Home Market and Forecast
The growth of Smart home market is attributed to factors such as significantly growing IoT market, cost 
reduction measures enabled by home automation systems, large number of manufacturers expanding 
their product portfolios, and increasing importance of home monitoring from remote locations. With the 
increasing demand of smart home devices, security and privacy breach is also increasing. The issues 
pertaining to privacy and security breach are restraining the growth of the smart home market.
South Korea – Forecast For Smart Home Market (Billion US$), 2019-2025
Note: Dummy Data, Actual figures given in the report
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South Korea Smart Home Market - By Application Areas
• Smart Appliances captured maximum share By Application Areas – South Korea Smart Home Market Share (Percent), 2018
of the South Korea smart home market in 
2018.
• Home Entertainment is the second largest 
application segment of the South Korea 
smart home market, followed by the Security 
segment.
• Control and Connectivity is the fourth 
largest application segment of the South 
Korea smart home market capturing over 
15% share in 2018. By Application Areas – Forecast for South Korea Smart Home Market Share (Percent), 2025
• The South Korean smart home control and 
connectivity segment is expected to show an 
annual growth rate of 19.4% during the 
period 2018 – 2025.
• The average revenue per Smart Home in 
the Smart Appliances segment currently 
amounts to approx. US$ 416. 
• The revenue in the South Korean Smart 
Home Energy Management segment 
amounts to around US$ 170 Million in 2018. Note: Dummy Data, Actual figures given in the report
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South Korea Smart Home Active Households - By Application Areas
By Application Areas – Active Households Market Share (Percent), 2018
• Control and Connectivity segment 
captures highest share of the South 
Korea Smart Home active households 
in 2018, being followed by Home 
Entertainment segment.
• Energy Management application 
captured least share of the Smart 
Home active households in 2018.
• In the Home Entertainment segment, 
the number of active households is By Application Areas – Forecast for Active Households Market Share (Percent), 2025
expected to surpass 3 Million by 2025.
• In South Korea, the household 
penetration for Security application is 
estimated at approx. 6% in 2018
• In the Smart Appliances segment, the 
number of active households is 
expected to reach nearly 6 Million by 
2025
Note: Dummy Data, Actual figures given in the report
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iGATE RESEARCH report titled “South Korea Smart Home Market, 
Number, Household Penetration & Key Company Analysis - Forecast 
to 2025” provides a comprehensive assessment of the fast-evolving, 
high-growth South Korean Smart Home Industry.
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This 107 Page report with 42 Figures and 4 Tables has been analyzed from 8 viewpoints:
1. South Korea Smart Home Market, Household Penetration & Forecast (2015 - 2025)
2. South Korea Smart Home Number & Forecast (2015 - 2025)
3. South Korea Smart Home Market Share Analysis - By Application Areas (2015 - 2025)
4. South Korea Smart Home Active Households Share - By Application Areas (2015 - 2025)
5. South Korea Smart Home Market, Number of Active Households & 
    Households Penetration - By Application Areas (2015 - 2025)
6. South Korea National Smart Home Standardization 
7. South Korea Smart Home - Key Company Profiles 
8. South Korea Smart Home - Growth Drivers and Challenges
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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
1. Samsung Electronics Co., Ltd.
2. LG Electronics Inc.
3. SK Telecom
4. KT Corp
5. Hancom MDS Inc. (The former MDS Technology Co., Ltd.)
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“South Korea Smart Home Market, Number, Household Penetrati
on & Key Company Analysis - Forecast to 2025”
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