Summary of South Korea Smart Home Market to 2025

South Korea Smart Home Market to 2025 - Number, Household Penetration & Key Company Analysis - ResearchAndMarkets.com | Business Wire DC.date.issued is in UTC (Coordinated Universal Time) timezone Twitter Card Meta Tags OG Meta Tags for Facebook and LinkedIn [if lt IE 9]> <link rel="stylesheet" href="/css/libs/PIE.css" /> <link rel="stylesheet" href="/css/style-ie8.css" /> <![endif]

Jan.10, 2019

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Report Highlights

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StartFragmentThe South Korea smart home market is anticipated to exceed US$ 6 Billion by 2025. EndFragment

The South Korea smart home market is likely to more than threefold by the year 2025 from its current level in 2018.
In South Korea, household penetration for smart home applications is estimated at 20.6% in 2018.
Increasing mobility is one of the emerging trends driving the smart home market.

South Korea Smart Home Market - By Application Areas

Smart Appliances captured maximum share 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.
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 US$ 416.07.
The revenue in the South Korean Smart Home Energy Management segment amounts to US$ 170 Million in 2018.
South Korea Smart Home Active Households - By Application Areas
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 expected to surpass 3 Million by 2025.
In South Korea, the household penetration for Security application is estimated at 6.3% in 2018
In the Smart Appliances segment, the number of active households is expected to reach nearly 6 Million by 2025.