South Korea Product Engineering Services Market Size & Outlook
The product engineering services market in South Korea is expected to reach a projected revenue of US$ 107.4 million by 2030. A compound annual growth rate of 8.9% is expected of South Korea product engineering services market from 2025 to 2030.
- Enterprise Technology & Automation
- Industrial Automation & Frontier Technologies
- Product Engineering Services Market Outlook
- Industrial Automation & Frontier Technologies
Revenue, 2024 (US$M)
$65.2
Forecast, 2030 (US$M)
$107.4
CAGR, 2025 - 2030
8.9%
Report Coverage
South Korea
South Korea Product Engineering Services Market, 2018-2030 (US$M)
Global Market
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South Korea product engineering services market highlights
- The South Korea product engineering services market generated a revenue of USD 65.2 million in 2024 and is expected to reach USD 107.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.9% from 2025 to 2030.
- In terms of segment, product engineering was the largest revenue generating service in 2024.
- Product Engineering is the most lucrative service segment registering the fastest growth during the forecast period.
Product engineering services market data book summary
| Market revenue in 2024 | USD 65.2 million |
| Market revenue in 2030 | USD 107.4 million |
| Growth rate | 8.9% (CAGR from 2025 to 2030) |
| Largest segment | Product engineering |
| Fastest growing segment | Product Engineering |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product Engineering, Process Engineering, Maintenance, Repair & Operations |
Other key industry trends
- In terms of revenue, South Korea accounted for 5.2% of the global product engineering services market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China product engineering services market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 80.4 million by 2030.
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Publish Date: May 22, 2025
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Product Engineering Services Market Scope
Product Engineering Services Market segmentation & scope
Others
Product Engineering Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Wipro Ltd ADR | View profile | 244,707 | Sarjapur Road, Doddakannelli, Bangalore, KA, India, 560 035 | www.wipro.com |
| Accenture PLC Class A | View profile | 742,000 | 1 Grand Canal Square, Grand Canal Harbour, Dublin, Ireland, 2 | www.accenture.com |
| HCL Technologies | View profile | 10001+ | Noida, Uttar Pradesh, India, Asia | www.hcltech.com |
| Capgemini SE | View profile | 340,400 | 11 rue de Tilsitt, Paris, France, 75017 | www.capgemini.com |
| Tech Mahindra | View profile | 10001+ | Pune, Maharashtra, India, Asia | www.techmahindra.com/ |
| Persistent Systems | View profile | 10001+ | Pune, Maharashtra, India, Asia | www.persistent.com/ |
| Infosys Limited | View profile | - | - | - |
| Tata Consultancy Services Limited | View profile | - | - | - |
| Cognizant Technology Solutions Corporation | View profile | - | - | - |
| Innovify | View profile | 251-500 | London, England, United Kingdom, Europe | www.innovify.com |
South Korea Product Engineering Services 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 Product Engineering Services Market Outlook will help companies and investors design strategic landscapes.
Product Engineering was the largest segment with a revenue share of 51.99% in 2024.
Horizon Databook has segmented the South Korea product engineering services market based on product engineering, process engineering, maintenance, repair & operations covering the revenue growth of each sub-segment from 2018 to 2030.
- South Korea Product Engineering Services Market Service Outlook (Revenue, USD Million , 2018-2030)
- Product Engineering
- Process Engineering
- Maintenance, Repair & Operations
- Others
- South Korea Product Engineering Services Market Enterprise Size Outlook (Revenue, USD Million , 2018-2030)
- Large Enterprises
- Small & Medium Enterprises
- South Korea Product Engineering Services Market Industry Outlook (Revenue, USD Million , 2018-2030)
- Automotive
- Healthcare & Life Science
- Manufacturing
- BFSI
- Retail & Consumer goods
- Aerospace & Defense
- IT & Telecom
- Others
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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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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Product Engineering Services Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Product Engineering Services Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Korea Product Engineering Services Market, 2018-2030 (US$M)
South Korea product engineering services market statistics, by service, 2018-2030 (US$M)
