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    South Korea 5G Industrial IoT Market

    ID: MRFR/ICT/56736-HCR
    200 Pages
    Aarti Dhapte
    September 2025

    South Korea 5G Industrial IoT Market Research Report By Component (Hardware, Solution, Service), By Organization Size (Large Enterprise, Small & Medium Enterprise) and By Application (Predictive Maintenance, Business Process Optimization, Asset Tracking & Management, Logistics & Supply Chain Management, Real-time Workforce Tracking & Management, Automation Control & Management, Emergency)-Forecast to 2035

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    South Korea 5G Industrial IoT Market Infographic
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    South Korea 5G Industrial IoT Market Summary

    The South Korea 5G Industrial IoT market is projected to grow from 16.7 USD Billion in 2024 to 30 USD Billion by 2035.

    Key Market Trends & Highlights

    South Korea 5G Industrial IoT Key Trends and Highlights

    • The market is expected to witness a compound annual growth rate of 5.48 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 30 USD Billion, indicating robust growth potential.
    • In 2024, the market is valued at 16.7 USD Billion, reflecting the increasing investment in 5G technologies.
    • Growing adoption of Industrial IoT solutions due to enhanced connectivity is a major market driver.

    Market Size & Forecast

    2024 Market Size 16.7 (USD Billion)
    2035 Market Size 30 (USD Billion)
    CAGR (2025-2035) 5.48%

    Major Players

    LG Uplus, Samsung Electronics, SK Telecom, Kia Corporation, POSCO, CJ Corporation, SK hynix, LG Electronics, KT Corporation, Naver Corporation, Hanwha Group, Hyundai Motor Company, Samsung SDS

    South Korea 5G Industrial IoT Market Trends

    Driven by many elements, the South Korea 5G Industrial IoT industry is gaining great speed. Strong government backing for digital transformation, including projects meant to advance 5G infrastructure, is one of the main forces influencing the industry.

    To improve connection and operational efficiency, the South Korean government has developed rules supporting the integration of IoT within important industries like manufacturing, logistics, and healthcare, thus enabling betterment.

    Further supporting IoT applications in various industrial environments is the fast rollout of 5G networks around the nation, which promotes real-time data processing and better connectivity between devices.

    As sectors in South Korea progressively embrace IoT technology, recent trends show a clear move towards automation and smart manufacturing. The Fourth Industrial Revolution, which stresses smart technology and innovation in raising production and competitiveness, helped to facilitate this shift.

    For important sectors seeking better safety and efficiency, the move to ultra-reliable, low-latency communications enabled by 5G offers major benefits. As South Korean businesses keep using these cutting-edge technologies, industry cooperation, and information exchange should flourish, thereby strengthening the whole ecosystem of the 5G Industrial IoT market in South Korea.

    Market Segment Insights

    South Korea 5G Industrial IoT Market Segment Insights

    South Korea 5G Industrial IoT Market Segment Insights

    5G Industrial IoT Market Component Insights

    5G Industrial IoT Market Component Insights

    The Component segment of the South Korea 5G Industrial IoT Market is crucial for enabling connectivity and interoperability among devices across various industries. This segment comprises three key areas: Hardware, Solution, and Service, each playing a fundamental role in the successful deployment of 5G technology within the Internet of Things ecosystem. Hardware, including sensors, chips, and communication equipment, is significant in transforming traditional industries into smart industries by enabling real-time data collection and transmission, thus enhancing operational efficiency.

    The Solution aspect focuses on software and platforms that aggregate and analyze data collected through hardware, providing actionable insights for businesses, thus driving automation and decision-making processes. Service, on the other hand, encompasses support systems that ensure the smooth functioning of both hardware and solutions, including installation, maintenance, and consulting, which are indispensable for organizations to fully leverage their 5G capabilities.

    With the South Korean government’s commitment to advancing 5G infrastructure and IoT adoption, there has been a noted increase in investment across these components.

    Companies are recognizing the need to integrate these segments to create a more cohesive and efficient operational environment. As the market evolves, the interconnectivity provided by these components is expected to pave the way for innovation in areas such as smart manufacturing, healthcare, and logistics, all of which are being transformed by the speed and reliability of 5G networks.

    The growth in automation and digital transformation initiatives in South Korea, backed by government policies and support, further underscores the importance of these components in driving the 5G Industrial IoT Market forward. Enhanced connectivity underpinned by reliable hardware, innovative solutions, and effective services is essential for businesses aiming for scaling and optimizing their operations in a digital-centric world.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    5G Industrial IoT Market Organization Size Insights

    5G Industrial IoT Market Organization Size Insights

    The Organization Size segment of the South Korea 5G Industrial IoT Market showcases distinct characteristics that are essential for understanding market dynamics. Large Enterprises typically dominate this sector due to their significant resources, advanced infrastructure, and a greater ability to adopt innovative technologies such as 5G.

    These enterprises harness 5G capabilities to enhance operational efficiency, improve data analytics, and elevate their competitive edge in various industries. In contrast, Small and Medium Enterprises (SMEs) play a crucial role as they contribute to innovation, local employment, and flexibility within the market.

    SMEs often benefit from tailored solutions and partnerships designed to facilitate their integration into the 5G ecosystem. Recent government initiatives have been focused on boosting digital transformation and supporting SMEs, thereby fostering a conducive environment for growth.

    The expanding 5G network in South Korea acts as a catalyst for both segments, enabling new applications and services, motivating increased investments, and enhancing overall productivity across different sectors. Insights derived from market trends underline the need for both organizational sizes to leverage 5G technology effectively in order to capitalize on emerging opportunities in the rapidly evolving IoT landscape.

    5G Industrial IoT Market Application Insights

    5G Industrial IoT Market Application Insights

    The Application segment of the South Korea 5G Industrial IoT Market holds significant potential, driving innovation in various industries through enhanced connectivity and real-time data processing. Predictive Maintenance plays a crucial role in reducing downtime and maximizing asset lifespan, while Business Process Optimization improves operational efficiencies, a key focus for South Korean companies aiming to elevate their global competitiveness.

    Asset Tracking and Management solutions facilitate real-time visibility of resources, leading to improved supply chain efficiency and asset utilization.Logistics and Supply Chain Management applications leverage 5G’s low-latency communications to enhance coordination and streamline processes, critical in a nation recognized for its advanced logistics infrastructure. Real-time Workforce Tracking and Management ensures optimal workforce allocation, increasing productivity and safety in working environments.

    Automation Control and Management systems empower industries to automate repetitive tasks, thereby minimizing human error and enhancing operational efficiency. Emergency applications benefit from 5G by enabling rapid response through improved communication infrastructures, especially vital in urban areas like Seoul.As South Korea continues to invest in smart city initiatives, the Application segment is set to expand, underpinning a strong economic framework through these innovations, aligning with the government’s vision for a competitive industrial landscape.

    Get more detailed insights about South Korea 5G Industrial IoT Market Research Report-Forecast to 2035

    Key Players and Competitive Insights

    The South Korea 5G Industrial IoT Market is experiencing significant growth, driven by advancements in telecommunications technology and the increasing demand for connectivity in various industrial applications.

    The country has positioned itself as a leader in the global race towards 5G deployment, and this has subsequently stimulated a competitive landscape that encourages innovation and the implementation of next-generation solutions across diverse sectors. Major players are focusing on enhanced connectivity, data transmission capabilities, and lower latency to leverage the benefits of IoT in enhancing operational efficiencies.

    The collaborative efforts between technology providers, network operators, and enterprises are vital to ensure that businesses can harness the full potential of 5G technology in their industrial processes, marking the South Korean market as a crucial playground for developers and service providers in the IoT sphere.

    The landscape is characterized by strategic partnerships, investment in infrastructure, and a growing emphasis on vertical industries such as manufacturing, logistics, and public services.In the South Korea 5G Industrial IoT Market, LG Uplus stands out due to its dedicated approach towards the deployment of cutting-edge connectivity solutions.

    The company's robust infrastructure enables it to offer high-speed mobile services, crucial for industrial applications requiring real-time data processing and communication. Strengths such as its extensive network coverage and commitment to customer service further bolster its competitive advantage. By forming strategic alliances with various industry players, LG Uplus has been able to integrate its 5G solutions into existing industrial frameworks effectively, thereby facilitating the drive towards digital transformation.

    The company is focused on catering to sectors including manufacturing and healthcare, where the demand for rapid, reliable connectivity is critical for operational success. LG Uplus's capabilities in providing tailored solutions are a key factor in its strong presence within the South Korea 5G Industrial IoT landscape, fostering innovation and advancing IoT technology in diverse sectors.

    Samsung Electronics also plays a pivotal role in the South Korea 5G Industrial IoT Market with its extensive portfolio of 5G-related products and services. Known for its innovative solutions, Samsung focuses on developing IoT platforms that seamlessly integrate with 5G networks to improve automation, data analytics, and machine-to-machine communication.

    The company’s strengths lie in its advanced chipset technology, end-to-end network solutions, and an impressive array of smart devices connected through 5G infrastructure, which together enhance IoT capabilities for industrial applications.

    Its commitment to research and development not only positions it at the forefront of technology but also enables it to respond quickly to the evolving needs of the market. Samsung has actively engaged in partnerships and collaborations in the South Korean ecosystem to drive growth, ensuring its competitive edge remains strong through strategic mergers and acquisitions as well.

    This synergistic approach not only enhances its market presence but also showcases its strengths in providing comprehensive solutions tailored for industrial IoT, solidifying its influential stance in the ongoing transformation within the South Korean industrial landscape.

    Key Companies in the South Korea 5G Industrial IoT Market market include

    Industry Developments

    Recent developments in the South Korea 5G Industrial IoT Market reveal significant advancements and collaborations among key companies.

    In October 2023, LG Electronics announced the establishment of an advanced 5G IoT platform aimed at enhancing smart manufacturing processes, representing a strong move towards Industry 4.0. Samsung Electronics continues to play a pivotal role in driving 5G technology, with extensive investments in infrastructure and partnerships with local enterprises to facilitate smart city initiatives.

    In August 2023, SK Telecom launched a new Industrial IoT solution focusing on predictive maintenance, which is set to improve operational efficiencies across various sectors, including manufacturing and logistics. Meanwhile, Kia Corporation has focused on integrating 5G technology into its automotive production lines, showcasing the automotive industry's adaptation to smarter tech.

    Notably, in January 2023, a merger between Hyundai Motor Company and Daewoo Engineering and Construction was publicly acknowledged, paving the way for synergies in construction and automotive IoT solutions.

    The ongoing growth in market valuation reflects increased demand for innovative technologies, driving competition among major entities such as Samsung SDS, Naver Corporation, and Hanwha Group, further shaping the ecosystem. The South Korean government's proactive policies continue to support the development of a robust 5G Industrial IoT landscape.

    Market Segmentation

    Outlook

    • Predictive Maintenance
    • Business Process Optimization
    • Asset Tracking & Management
    • Logistics & Supply Chain Management
    • Real-time Workforce Tracking & Management
    • Automation Control & Management
    • Emergency

    Report Scope

     
    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 15.97(USD Billion)
    MARKET SIZE 2024 16.69(USD Billion)
    MARKET SIZE 2035 30.0(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 5.475% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED LG Uplus, Samsung Electronics, SK Telecom, Kia Corporation, POSCO, CJ Corporation, SK hynix, Korean Telecom, LG Electronics, Daewoo Engineering & Construction, KT Corporation, Naver Corporation, Hanwha Group, Hyundai Motor Company, Samsung SDS
    SEGMENTS COVERED Component, Organization Size, Application
    KEY MARKET OPPORTUNITIES Smart factory automation, Predictive maintenance solutions, Enhanced remote monitoring, Real-time asset tracking, Connected healthcare applications
    KEY MARKET DYNAMICS increased connectivity needs, automation adoption, government initiatives, industrial cybersecurity, AI integration
    COUNTRIES COVERED South Korea

    FAQs

    What is the expected market size of the South Korea 5G Industrial IoT Market in 2024?

    The South Korea 5G Industrial IoT Market is expected to be valued at 16.69 billion USD in 2024.

    What will be the projected market size of the South Korea 5G Industrial IoT Market by 2035?

    By 2035, the South Korea 5G Industrial IoT Market is projected to reach a valuation of 30.0 billion USD.

    What is the expected compound annual growth rate (CAGR) for the South Korea 5G Industrial IoT Market from 2025 to 2035?

    The expected CAGR for the South Korea 5G Industrial IoT Market from 2025 to 2035 is 5.475%.

    What is the market size for hardware in the South Korea 5G Industrial IoT Market in 2024?

    The market size for hardware in the South Korea 5G Industrial IoT Market is valued at 6.5 billion USD in 2024.

    How much is the market size for solutions in the South Korea 5G Industrial IoT Market expected to be in 2035?

    The market size for solutions is expected to reach 7.5 billion USD by 2035 in the South Korea 5G Industrial IoT Market.

    What is the anticipated market size for services in the South Korea 5G Industrial IoT Market by 2024?

    The anticipated market size for services in the South Korea 5G Industrial IoT Market is 6.19 billion USD in 2024.

    Who are the key players in the South Korea 5G Industrial IoT Market?

    Key players in the South Korea 5G Industrial IoT Market include LG Uplus, Samsung Electronics, SK Telecom, and Hyundai Motor Company.

    Which segment is projected to show significant growth in the South Korea 5G Industrial IoT Market?

    The hardware segment is projected to exhibit significant growth, increasing from 6.5 billion USD in 2024 to 11.5 billion USD by 2035.

    What are the major growth drivers for the South Korea 5G Industrial IoT Market?

    Key growth drivers for the South Korea 5G Industrial IoT Market include advancements in technology, increased demand for automation, and improved connectivity.

    What potential challenges may the South Korea 5G Industrial IoT Market face in the coming years?

    Challenges in the South Korea 5G Industrial IoT Market may include regulatory hurdles and the need for substantial infrastructure investment.

    South Korea 5G Industrial IoT Market Research Report-Forecast to 2035 Infographic
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