South Korea Iot Devices Market Size & Outlook, 2025-2030
Global Market
Related Markets
South Korea iot devices market highlights
- The South Korea iot devices market generated a revenue of USD 2,461.8 million in 2024 and is expected to reach USD 7,376.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 19.7% from 2025 to 2030.
- In terms of segment, sensors was the largest revenue generating component in 2024.
- Edge Devices is the most lucrative component segment registering the fastest growth during the forecast period.
Iot devices market data book summary
| Market revenue in 2024 | USD 2,461.8 million |
| Market revenue in 2030 | USD 7,376.6 million |
| Growth rate | 19.7% (CAGR from 2025 to 2030) |
| Largest segment | Sensors |
| Fastest growing segment | Edge Devices |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sensors, Actuators, Processors, Edge Devices |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.5% of the global iot devices market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China iot devices market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 10,276.8 million by 2030.
The South Korean government is investing in the Smart City Korea Initiative, which promotes the integration of IoT into urban infrastructure and supports the development of smart homes and connected transportation systems.
South Korea is embracing the Fourth Industrial Revolution (4IR), which focuses on the convergence of IoT, AI, big data, and robotics to improve efficiency and drive innovation. The government’s Fourth Industrial Revolution Strategy is a national initiative that integrates IoT technologies into various industries to enhance productivity, economic growth, and global competitiveness.
The country places significant emphasis on research and development (R&D) in IoT technologies. The Ministry of Science and ICT (MSIT) provides funding and incentives for the development of IoT solutions and the advancement of IoT research.
No credit card required*
Publish Date: Feb 05, 2025
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Three ways to get this data
Subscribe to the databook, customize it, or ask a question.Horizon Databook
Unlock every chart on this page and get dashboard access
- Statistics1.2M+ across all markets
- Databooks30K+ global, 120K+ country
- Companies200K+ profiles
- ExportPDF, Dashboard, XLS & PNG, licensed to cite
Customize it
Customize data as per your requirement
- AddCountries, segments, years
- RecutTo your product definition
- ExtendCompany-level detail
- OrA bespoke databook
- Turnaround5–10 working days
Ask Prism AI
A cited answer in seconds
- Corpus30,000 studies, 1.2M points
- ScopeAll markets, not just this
- CitationTraced to report & table
- HonestySays "not covered" if so
- SpeedSeconds, not days
IoT Devices Market Scope
IoT Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Intel Corp | View profile | 124,800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | www.intel.com |
| Siemens Healthineers AG ADR | View profile | 71,400 | Siemensstr. 3, Forchheim, BY, Germany, 91301 | www.siemens-healthineers.com |
| STMicroelectronics NV | View profile | 51,323 | 39, Chemin du Champ des Filles, Plan-Les-Ouates, Geneva, Switzerland, 1228 | www.st.com |
| Honeywell International Inc | View profile | 95,000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | www.honeywell.com |
| Samsung Electronics Co Ltd | View profile | 124,804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | www.samsung.com |
| Texas Instruments Inc | View profile | 34,000 | 12500 TI Boulevard, Dallas, TX, United States, 75243 | www.ti.com |
| Qualcomm Inc | View profile | 50,000 | 5775 Morehouse Drive, San Diego, CA, United States, 92121-1714 | www.qualcomm.com |
| NXP Semiconductors NV | View profile | 34,200 | 60 High Tech Campus, Eindhoven, NB, Netherlands, 5656 AG | www.nxp.com |
| Cisco Systems Inc | View profile | 84,900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | www.cisco.com |
| Silicon Laboratories Inc | View profile | 1,846 | 400 West Cesar Chavez, Austin, TX, United States, 78701 | www.silabs.com |
South Korea IoT Devices Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to IoT Devices Market Outlook will help companies and investors design strategic landscapes.
Sensors was the largest segment with a revenue share of 39.58% in 2024.
Horizon Databook has segmented the South Korea iot devices market based on sensors, actuators, processors, edge devices covering the revenue growth of each sub-segment from 2018 to 2030.
The South Korean government is investing in the Smart City Korea Initiative, which promotes the integration of IoT into urban infrastructure and supports the development of smart homes and connected transportation systems.
South Korea is embracing the Fourth Industrial Revolution (4IR), which focuses on the convergence of IoT, AI, big data, and robotics to improve efficiency and drive innovation. The government’s Fourth Industrial Revolution Strategy is a national initiative that integrates IoT technologies into various industries to enhance productivity, economic growth, and global competitiveness.
The country places significant emphasis on research and development (R&D) in IoT technologies. The Ministry of Science and ICT (MSIT) provides funding and incentives for the development of IoT solutions and the advancement of IoT research.
- South Korea Iot Devices Market Component Outlook (Revenue, USD Million , 2018-2030)
- Sensors
- Actuators
- Processors
- Edge Devices
- Others
- South Korea Iot Devices Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Smart Home
- Industrial IoT (IIoT)
- Healthcare
- Automotive and Transportation
- Retail
- Agriculture
- Energy and Utilities
- Smart Cities
- Wearables
- Consumer Electronics
- Others
- South Korea Iot Devices Market Connectivity Outlook (Revenue, USD Million , 2018-2030)
- Wi-Fi
- Bluetooth
- Zigbee
- Cellular
- RFID
- Others
Reasons to subscribe to IoT Devices Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of IoT Devices Market Outlook databook
- Our clientele includes a mix of IoT Devices Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea IoT Devices Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea IoT Devices Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Korea Iot Devices Market, 2018-2030 (US$M)
South Korea iot devices market statistics, by component, 2018-2030 (US$M)
