South Korea Iot Devices Market Size & Outlook, 2025-2030
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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.
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IoT Devices Market Scope
IoT Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Robert Bosch GmbH | View profile | - | - | - |
| ABB Group | View profile | - | - | - |
| PTC Inc | View profile | 7231 | 121 Seaport Boulevard, Boston, MA, United States, 02210 | https://www.ptc.com |
| Huawei Technologies | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | http://huawei.com |
| Sierra Wireless | View profile | 1001-5000 | Richmond, British Columbia, Canada, North America | http://www.sierrawireless.com |
| Silicon Laboratories Inc | View profile | 1846 | 400 West Cesar Chavez, Austin, TX, United States, 78701 | https://www.silabs.com |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| NXP Semiconductors NV | View profile | 34200 | 60 High Tech Campus, Eindhoven, NB, Netherlands, 5656 AG | https://www.nxp.com |
| Qualcomm Inc | View profile | 50000 | 5775 Morehouse Drive, San Diego, CA, United States, 92121-1714 | https://www.qualcomm.com |
| Texas Instruments Inc | View profile | 34000 | 12500 TI Boulevard, Dallas, TX, United States, 75243 | https://www.ti.com |
| Samsung Electronics Co Ltd | View profile | 124804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | https://www.samsung.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| STMicroelectronics NV | View profile | 51323 | 39, Chemin du Champ des Filles, Plan-Les-Ouates, Geneva, Switzerland, 1228 | https://www.st.com |
| Siemens Healthineers AG ADR | View profile | 71400 | Siemensstr. 3, Forchheim, BY, Germany, 91301 | https://www.siemens-healthineers.com |
| Intel Corp | View profile | 124800 | 2200 Mission College Boulevard, Santa Clara, CA, United States, 95054-1549 | https://www.intel.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 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.
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Target buyers of South Korea iot devices market databook
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Our clientele includes a mix of iot devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 , including forecasts for subscribers. This country databook contains high-level insights into South Korea iot devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea iot devices market size, by component, 2018-2030 (US$M)
South Korea IoT Devices Market Outlook Share, 2024 & 2030 (US$M)
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