IMARC Group has recently released a new research study titled “South Korea Smart Home Devices Market Size, Share, Trends and Forecast by Component, Type, and Region, 2025-2033” This report offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

South Korea Smart Home Devices Market Overview

The South Korea smart home devices market size reached USD 3,869.41 Million in 2024. The market is expected to grow at a CAGR of 24.25% during the forecast period from 2025 to 2033, reaching USD 27,309.40 Million by 2033. Growth is driven by factors such as a rapidly aging population increasing demand for healthcare-integrated smart home devices and strategic mergers and acquisitions expanding technological innovation. This market outlook highlights the expanding adoption and evolving competitive landscape in South Korea's smart home devices industry.

Study Assumption Years

●     Base Year: 2024

●     Historical Year/Period: 2019-2024

●     Forecast Year/Period: 2025-2033

South Korea Smart Home Devices Market Key Takeaways

●     Current Market Size (2024): USD 3,869.41 Million

●     CAGR (2025-2033): 24.25%

●     Forecast Period: 2025-2033

●     The market growth is propelled by South Korea's aging population, with 19.2% aged 65 and older in 2024, expected to rise beyond 20% in 2025 and 30% by 2036.

●     Smart home devices that support independence and healthcare integration, including health monitoring systems and voice-activated controls, are increasingly adopted.

●     Strategic mergers and acquisitions, such as LG Electronics' 2024 acquisition of Athom B.V., boost technological capabilities and AI platform developments.

●     The South Korea smart home devices market is segmented by components into solutions and services, and by types including security, HVAC control, entertainment, smart kitchen, lighting control, appliances, smart furniture, and others.

●     Regional segmentation includes Seoul Capital Area, Yeongnam, Honam, Hoseo, and others, addressing diverse geographic needs.

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Market Growth Factors

The South Korea smart home devices market is significantly influenced by the country’s rapidly aging population, which reached 19.2% of the total population being aged 65 or older in 2024. This demographic is projected to exceed 20% by 2025 and climb to 30% by 2036, creating large demand for smart home solutions that enhance elderly independence and safety. Devices such as smart health monitoring systems, fall detection sensors, and voice-activated controls are increasingly being adopted to support seniors, accompanied by government emphasis on digital healthcare innovation. This demographic shift fosters integration between healthcare and home automation, fueling sustained market opportunities.

Strategic mergers and acquisitions are another major driver accelerating market growth. In 2024, LG Electronics acquired Athom B.V., a smart home company based in the Netherlands, to incorporate its open API and multi-device connectivity into LG's ThinQ ecosystem. This acquisition exemplifies industry trends where firms evolve from hardware-centric models towards AI-driven, service-oriented platform solutions. Such strategic moves enable enhanced user experience via advanced connectivity and AI integration, expanding adoption across broader demographics and strengthening international competitiveness.

The convergence of healthcare functionality with smart home convenience also propels market expansion. Families increasingly invest in smart devices to reduce dependence on external caregiving while benefiting from timely alerts and preventive care features. The government support for digital healthcare further stimulates innovation and ecosystem development. Consequently, the growing desire for smart ecosystems that enable seamless multi-device interaction, enhanced safety, and autonomous living among elderly populations will continue to be a key market growth catalyst.

Market Segmentation

Component Insights:

●     Solutions

●     Services

The components segment covers both solution offerings and services, providing a comprehensive view of the market’s technological and support infrastructure.

Type Insights:

●     Security and Access Control

●     HVAC Control

●     Entertainment and Other Controls

●     Smart Kitchen

●     Lighting Control

●     Home Appliances

●     Smart Furniture

●     Others

This segmentation reflects the diverse smart home device types adopted in South Korea, covering security, environmental controls, home appliances, and other smart living solutions.

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Regional Insights

The dominant region includes the Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), and others. These regional markets exhibit varied consumer adoption rates influenced by demographic and economic factors. The comprehensive analysis provided in the report covers these regions, helping stakeholders understand geographic market dynamics and opportunities. Specific statistics on market share or regional CAGR are not provided in the source.

Recent Developments & News

In August 2025, Signify launched five new WiZ smart lighting products in Korea, including the WiZ HDMI Sync Box TV Lightstrip and RGB LED strips. These Wi-Fi-enabled devices feature music-synced lighting, multi-color displays, smart dimming, and scheduling, and are Matter-certified for seamless integration with platforms like Alexa, Google Home, and SmartThings.

In March 2025, Samsung Electronics revealed its updated "AI Home" vision and 2025 Bespoke AI appliance lineup in Seoul. The new devices include enhanced AI capabilities, smart displays, and fortified Knox security with post-quantum cryptography and real-time threat monitoring, aiming to create intuitive, secure, and energy-efficient smart home experiences.

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