South Korea IoT Devices Market Size, Share, Trends and Forecast by Component, Connectivity, End Use, and Region, 2026-2034

South Korea IoT Devices Market Overview:

The South Korea IoT devices market size reached USD 1,564.13 Million in 2025. The market is projected to reach USD 5,994.26 Million by 2034, growing at a CAGR of 16.10% during 2026-2034. The market is driven by government-led smart manufacturing and digital transformation initiatives, advanced 5G infrastructure deployment enabling seamless IoT connectivity, and rising smart home and consumer IoT adoption across households. Additionally, the growing penetration of AI-enabled IoT devices for predictive maintenance and automation is expanding the South Korea IoT devices market share.

South Korea IoT Devices Market Trends:

Increased Use of AI and Data Analytics

The integration of artificial intelligence (AI) and data analytics is revolutionizing the South Korean IoT devices market facilitating smarter and more efficient operations across both consumer and industrial applications. IoT devices produce immense amounts of real-time data which AI algorithms analyze to provide predictive insights, enhance performance, and enable informed decision-making. In smart homes AI-enabled IoT devices can adapt to user behaviors to automate lighting, climate control, and security systems thereby improving convenience and energy efficiency. In August 2025, Samsung Electronics unveiled its refreshed "AI Home" vision at the Welcome to Bespoke AI event in Seoul introducing advanced AI appliances aimed at enhancing user experience. New features include upgraded AI displays, efficient cooling in refrigerators, and improved washing capabilities, emphasizing convenience, energy savings, and seamless integration with smart devices. In industrial environments, advanced data analytics enables predictive maintenance, process optimization, and anomaly detection. Moreover, AI improves personalization by offering customized recommendations and adaptive features for users. This synergy of IoT and AI not only boosts operational efficiency but also fosters innovation and adoption across various sectors, significantly contributing to South Korea IoT devices market growth.

Integration with 5G Networks

The introduction of 5G technology serves as a significant driver for the expansion of IoT devices in South Korea, transforming connectivity and device efficiency. With its notably enhanced data transfer rates, reduced latency, and improved network dependability, 5G allows IoT devices to interact in real time, enabling applications that demand immediate responses. In November 2024, Fibocom launched the FG370-KR, a 5G module tailored for South Korea's IoT industry, supporting high-speed connectivity for various applications. At the AIoT Korea Exhibition, they also introduced the MG661-KR, a cost-effective LTE Cat 1bis module, aimed at enhancing IoT device performance and facilitating digital transformation. This is especially critical in areas like smart homes, autonomous vehicles, industrial automation, and healthcare monitoring, where uninterrupted connectivity is vital for both efficiency and safety. The increased bandwidth accommodates the simultaneous connection of numerous devices, promoting the growth of IoT ecosystems within urban infrastructure and corporate operations. Additionally, 5G facilitates sophisticated applications such as augmented reality, virtual reality, and AI-driven analytics, all of which depend on fast and stable data transfer. This convergence is speeding up innovation, increasing adoption, and contributing to the overall growth of the IoT devices market in South Korea.

South Korea IoT Devices Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2026-2034. Our report has categorized the market based on component, connectivity, and end use.

Analysis by Component:

• Sensors
• Actuators
• Processors
• Edge Devices
• Others

The report has provided a detailed breakup and analysis of the market based on the component. This includes sensors, actuators, processors, edge devices, and others.

Analysis by Connectivity:

• Wi-fi
• Bluetooth
• Zigbee
• Cellular
• RFID
• Others

A detailed breakup and analysis of the market based on the connectivity have also been provided in the report. This includes wi-fi, bluetooth, zigbee, cellular, RFID, and others.

Analysis by End Use:

• Automotive and Transportation
• Retail
• Consumer Electronics
• Agriculture
• Smart Cities
• Others

The report has provided a detailed breakup and analysis of the market based on the end use. This includes automotive and transportation, retail, consumer electronics, agriculture, smart cities, and others.

Analysis by Region:

• Seoul Capital Area
• Yeongnam (Southeastern Region)
• Honam (Southwestern Region)
• Hoseo (Central Region)
• Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

South Korea IoT Devices Market News:

• In October 2025, LG Electronics launched the "LG ThinQion," an AI home hub that controls IoT devices through natural conversation. Priced at 246,000 won, it supports complex commands and offers installation services. In contrast, Samsung’s SmartThings emphasizes an open platform ecosystem with over 400 million subscribers, connecting various devices seamlessly.
• In September 2025, Hyundai Motor Group and Samsung Electronics announced their collaboration to create an integrated IoT environment linking smart homes and cars. Their new "Home-to-Car" service allows users to control vehicle functions via Samsung's SmartThings app, enhancing convenience by synchronizing home and car operations. This partnership supports Hyundai's connectivity strategy.

South Korea IoT Devices Market Report Coverage:

Key Questions Answered in This Report:

• How has the South Korea IoT devices market performed so far and how will it perform in the coming years?
• What is the breakup of the South Korea IoT devices market on the basis of component?
• What is the breakup of the South Korea IoT devices market on the basis of connectivity?
• What is the breakup of the South Korea IoT devices market on the basis of end use?
• What is the breakup of the South Korea IoT devices market on the basis of region?
• What are the various stages in the value chain of the South Korea IoT devices market? 
• What are the key driving factors and challenges in the South Korea IoT devices market?
• What is the structure of the South Korea IoT devices market and who are the key players?
• What is the degree of competition in the South Korea IoT devices market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the South Korea IoT devices market from 2020-2034.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the South Korea IoT devices market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the South Korea IoT devices industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.