South Korea Smart Home Market, Number, Household Penetration & Key Company Analysis - Forecast to 2026 - PowerPoint PPT Presentation

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South Korea Smart Home Market, Number, Household Penetration & Key Company Analysis - Forecast to 2026

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iGATE Research has released a research report on “South Korea Smart Home Market, Number, Household Penetration & Key Company Analysis - Forecast to 2026” Click here to view the complete report: www.igateresearch.com Contact US iGATE Research PVT LTD Ravi Sinha Sales Manager Marketing and Sales Divison Email: ravi.sinha@igateresearch.com Contact: +91-858-684-0791, +91-821-092-7469 (INDIA) Web: www.igateresearch.com – PowerPoint PPT presentation

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Title: South Korea Smart Home Market, Number, Household Penetration & Key Company Analysis - Forecast to 2026


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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
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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), 2020-2026
Note Dummy Data, Actual figures given in the
report
4
South Korea Smart Home Market - By Application
Areas
  • In terms of Smart Home applications, 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 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.

By Application Areas South Korea Smart Home
Market Share (Percent), 2019
By Application Areas Forecast for South Korea
Smart Home Market Share (Percent), 2026
Note Dummy Data, Actual figures given in the
report
5
South Korea Smart Home Active Households - By
Application Areas
By Application Areas Active Households Market
Share (Percent), 2019
  • On the basis of Smart Home volume, 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 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.

By Application Areas Forecast for Active
Households Market Share (Percent), 2026
Note Dummy Data, Actual figures given in the
report
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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.
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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
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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.)
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Published By
iGATE RESEARCH Phone 91-858-684-0791
(India) 91-821-092-7469 (India)
Email info_at_igateresearch.com Internet
www.igateresearch.com          
10
Format
Report Title South Korea Smart Home Market,
Number, Household Penetration 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
11
Order the Report
iGATE RESEARCH PVT. LTD. Web www.igateresearch.c
om To order the Report E-Mail 
info_at_igateresearch.com Contact No.
91-858-684-0791, 91-821-092-7469 (INDIA) For
Report Related Query E-Mail 
ravi.sinha_at_igateresearch.com Contact No.
91-858-684-0791, 91-821-092-7469 (INDIA)
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