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South Korea Smart Home Market 2018-2025: Penetration for Smart Home Applications is Estimated at 20.6% in 2018
DUBLIN, Jan 10, 2019 /PRNewswire/ --
The "South Korea Smart Home Market, Number, Household Penetration & Key Company Analysis - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The South Korea smart home market is anticipated to exceed US$ 6 Billion by 2025
Smart home is a system that allows home owner to control and monitor different devices in the home including the heating, lighting, security, and entertainment, automatically and sometimes remotely via the Internet.
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.
Report Highlights
- 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 revenueper 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.
Key Topics Covered:
1. Executive Summary
2. South Korea Smart Home Market Analysis to 2025
2.1 South Korea Smart Home Market and Forecast
2.2 South Korea Smart Home Number and Forecast
2.3 South Korea Smart Home - Household Penetration and Forecast
3. South Korea Smart Home Market Share Analysis to 2025
3.1 South Korea Smart Home Market Share - By Application Areas
3.2 South Korea Smart Home Active Households Share - By Application Areas
4. South Korea Smart Home Market, Number of Active Households & Households Penetration - By Application Areas
4.1 South Korea Smart Home - Control and Connectivity Market & Number of Active Households Analysis to 2025
4.1.1 South Korea Smart Home - Control and Connectivity Market & Forecast
4.1.2 South Korea Smart Home - Control and Connectivity Application Household Penetration & Forecast
4.1.3 South Korea Smart Home - Number of Active Households in Control and Connectivity Segment & Forecast
4.2 South Korea Smart Home - Comfort and Lighting Market & Number of Active Households Analysis to 2025
4.3 South Korea Smart Home - Home Entertainment Market & Number of Active Households Analysis to 2025
4.4 South Korea Smart Home - Smart Appliances Market & Number of Active Households Analysis to 2025
4.5 South Korea Smart Home - Energy Management Market & Number of Active Households Analysis to 2025
4.6 South Korea Smart Home - Security Market & Number of Active Households Analysis to 2025
5. South Korea National Smart Home Standardization
6. South Korea Smart Home - Key Company Profiles
6.1 Samsung Electronics Co., Ltd
6.1.1 Company Overview
6.1.2 Smart Home Products
6.1.3 Recent Initiatives & Strategy in Smart Homes
6.2 LG Electronics Inc
6.3 SK Telecom
6.4 KT Corp
6.5 Hancom MDS Inc. (The former MDS Technology Co., Ltd.)
7. South Korea Smart Home - Driving Factors
7.1 Policies & Initiatives to Promote Smart Homes
7.2 IoT Drives Smart Home Market
7.3 Cost Savings Due to The Adoption of Energy Conservation Systems
7.4 Increasing Awareness & Importance of Home Monitoring from Remote Locations
7.5 Development of Connected Innovative Products
8. South Korea Smart Home - Challenges
8.1 Security and Privacy Breach Concern
8.2 Cyber Security Concerns
For more information about this report visit https://www.researchandmarkets.com/research/73b79q/south_korea_smart?w=5
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