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The future of the smart home market in South Korea looks attractive with opportunities in the home safety and security, appliance, entertainment, lighting, HVAC, healthcare, and kitchen applications. The major growth drivers for this market are increasing awareness related to safety and security, increasing consumer need for simplicity and personalized experience, and the growing adoption of cloud-based technologies.
 
Emerging trends, which have a direct impact on the dynamics of the industry, include development of voice assistant technology for high-end automated households, emergence of air quality sensor devices that measure volatile organic compounds (VOCs), and growing adoption of video enabled drones.
 
A total of 25 figures / charts and 12 tables are provided in this 60-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this smart home market in South Korea report, download the report brochure.
 
Smart Home Market in South Korea by Segment:
2014-2025 (US $M) (Randomized Data)

Smart Home Market in South Korea by Segment


Trends and Forecasts for Smart Home Market in
South Korea: 2014-2025 (US $M) (Randomized Data)

Trends and Forecasts for Smart Home Market in South Korea
 
The study includes the market size, and forecast for the smart home market in South Korea by application, product and service, and technology as follows:
 
Smart Home Market by Application [$M shipment analysis from 2014 to 2025]:
  • Safety and Security
  • Home Appliance
  • Entertainment
  • Lighting
  • HVAC
  • Home Healthcare
  • Smart Kitchen
  • Others

Smart Home Market by Product and Service Type [$M shipment analysis from 2014 to 2025]:
  • Product
  • Service 

Smart Home Market by Technology Type [$M shipment analysis from 2014 to 2025]:
  • Wired
  • BACnet 
  • Lonworks
  • DALI 
  • Modbus
  • KNX
  • Others
  • Wireless 
  • Zigbee
  • Wi-Fi
  • Bluetooth
  • EnOcean
  • Z-Wave
  • Others
Lucintel forecasts that the safety and security market is expected to remain the largest segment due to the increasing need for continuous monitoring services to reduce the risk of crime, burglary, and theft. The entertainment segment is expected to experience the highest growth rate during the forecast period, supported by the increasing need of advanced technology that can provide a single platform for high level of control, flexibility, and deliver the best entertainment experience. 
 
Within the smart home market, the wireless segment is expected to remain the largest technology. It is also expected to witness the highest growth over the forecast period due to the increasing demand for Zigbee in healthcare, safety and security applications to support remote monitoring facilities, and consumer comfort and convenience enhancement. 
 
Some of the features of “Opportunities for the Smart Home Market in South Korea 2014-2025: Trends, Forecast and Competitive Analysis” include:
  • Market size estimates: Smart home market size estimation in terms of value ($M) shipment.
  • Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by application, product and service, and technology.
  • Segmentation analysis: Smart home market size by application (safety and security, home appliance, entertainment control, lighting, HVAC control, home healthcare, smart kitchen, and others), type (product and service), and technology (wired and wireless) in terms of value.
  • Growth opportunities: Analysis on growth opportunities in different application, product and service, and technology of smart home in the smart home market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 7 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the smart home market in South Korea by application (safety and security, home appliance, entertainment control, lighting, HVAC control, home healthcare, smart kitchen, and others), type (product and service), and technology (wired and wireless)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the key factors affecting market dynamics? What are the drivers and challenges of the smart home market?
Q.4 What are the business risks and threats to the smart home market?
Q.5 What are the emerging trends in this smart home market and reasons behind them? 
Q.6 What are some changing demands of customers in the smart home market?
Q.7 What are the new developments in the smart home market? Which companies are leading these developments?

Table of Contents
 
1. Executive Summary

2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Forecast Analysis from 2014 to 2025
3.1: Macroeconomic Trends (2014-2019) and Forecast (2020-2025)
3.2: Trends (2014-2019) and Forecast (2020-2025) for Smart Home Market in South Korea
3.3: Trends (2014-2019) and Forecast (2020-2025) for Smart Home Market in South Korea by Application  
3.3.1: Safety and Security        
3.3.2: Entertainment     
3.3.3: HVAC Control     
3.3.4: Lighting  
3.3.5: Home Appliances           
3.3.6: Smart Kitchens 
3.3.7: Home Healthcare           
3.3.8: Others  
3.4: Trends (2014-2019) and Forecast (2020-2025) for Smart Home Market in South Korea by Product and Service Type      
3.4.1: Product  
3.4.2: Service  
3.5: Trends (2014-2019) and Forecast (2020-2025) for Smart Home Market in South Korea by Technology  
3.5.1: Wired
3.5.1.1: BACnet
3.5.1.2: LonWorks       
3.5.1.3: DALI   
3.5.1.4: Modbus           
3.5.1.5: KNX    
3.5.1.6: Others
3.5.2: Wireless
3.5.2.1: Zigbee 
3.5.2.2: Wi-Fi  
3.5.2.3: Bluetooth        
3.5.2.4: EnOcean         
3.5.2.5: Z-Wave           
3.5.2.6: Others
 
4. Competitor Analysis           
4.1: Product Portfolio Analysis                      
4.2: Porter’s Five Forces Analysis   
      
5. Growth Opportunities (2014-2025) and Strategic Analysis        
5.1: Growth Opportunity Analysis          
5.1.1: Growth Opportunities (2014-2025) for the Smart Home Market in South Korea by Application
5.1.2: Growth Opportunities (2014-2025) for the Smart Home Market in South Korea by Type   
5.1.3: Growth Opportunities (2014-2025) for the Smart Home Market in South Korea by Technology     
5.2: Emerging Trends in the Smart Home Market   
         
6. Company Profiles of Leading Players       
.

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25 figures/charts and 12 tables are provided in this 60-page report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.