As per MRFR analysis, the South Korea Wi-SUN Technology Market Size was estimated at 100.45 (USD Million) in 2023.The South Korea Wi-SUN Technology Market Industry is expected to grow from 106.75(USD Million) in 2024 to 367.5 (USD Million) by 2035. The South Korea Wi-SUN Technology Market CAGR (growth rate) is expected to be around 11.894% during the forecast period (2025 - 2035).
Key South Korea Wi-SUN Technology Market Trends Highlighted
South Korea is increasingly adopting Wi-SUN technology, driven by the government's push for smart city initiatives and sustainable urban development. The need for efficient energy management and enhanced communication in smart utility applications is a significant market driver. This technology is aligned with South Korea's objective to integrate Internet of Things (IoT) solutions across various sectors, including utilities and transportation. The demand for smart meters and advanced metering infrastructure is growing as cities aim to improve resource management, demonstrating a trend towards greater reliance on wireless communication technologies.
Recent trends indicate that South Korean companies are seeking to leverage Wi-SUN capabilities to ensure seamless connectivity in large-scale network deployments, particularly in smart grid projects. The nation's focus on reducing carbon footprints has led to investments in renewable energy sources, which require robust communication networks. As the market matures, there is an opportunity for local startups to innovate in this domain, potentially leading to new applications of Wi-SUN technology in industries such as agriculture and public safety. Furthermore, collaboration between public and private sectors is emerging as a key trend, facilitating joint ventures that can enhance the development and deployment of Wi-SUN-enabled devices.
As South Korea emphasizes smart city projects, there is a growing awareness of the need for interoperability among existing systems, pushing for standards that can enhance Wi-SUN deployment. This interconnectedness of systems not only presents opportunities for expanded application but also encourages the creation of a more cohesive ecosystem for stakeholders, including municipalities, technology providers, and consumers alike.
Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review
South Korea Wi-SUN Technology Market Drivers
Increased Demand for Smart City Solutions
The increasing demand for smart city solutions is driving a notable uptick in the South Korean Wi-SUN Technology Market Industry. The government of South Korea has started a number of projects to improve urban infrastructure using smart technologies. The 'Smart City Strategy', for instance, was presented by the Ministry of Science and ICT with the goal of integrating smart technologies into urban planning. Cities like Seoul are seeing an increase in the deployment of smart meters and infrastructure as a result of this drive and the anticipated population expansion in urban regions.
It is estimated that smart city investments could reach USD 22.1 billion by 2025 in South Korea. As cities increasingly adopt smart technologies, the relevance of Wi-SUN for secure and efficient wireless communication will drive considerable growth in this market sector.
Government Support and Investments
The South Korean government is actively supporting the development and implementation of wireless communication technologies, particularly focusing on Wi-SUN technology. Recent policies endorse Research and Development initiatives, promoting innovation in smart grid technologies. For instance, funding of approximately USD 3 billion has been earmarked for advancing smart grid initiatives.Â
This level of government backing can help spur growth in the South Korea Wi-SUN Technology Market Industry by fostering local innovation and creating a conducive environment for private sector investments in wireless technologies.
Growing Adoption of Internet of Things (IoT) Technologies
The adoption of Internet of Things (IoT) solutions is another prominent driver contributing to the expansion of the South Korea Wi-SUN Technology Market Industry. Research from various industry bodies indicates that South Korea's IoT market is forecasted to grow significantly, with anticipated revenue going from USD 7.4 billion in 2020 to over USD 15 billion by 2025. The role of organizations such as the Korea Smart City Association emphasizes the importance of IoT in creating connected ecosystems across various sectors.
The integration of Wi-SUN technology in smart meters, environmental monitoring, and smart lighting systems is set to escalate alongside this growing trend, further highlighting the demand for robust, reliable wireless communication platforms.
Wi-SUN Technology Market Application Insights
The Application segment of the South Korea Wi-SUN Technology Market is poised for significant growth, driven by the increasing adoption of smart technologies across various sectors. Smart Metering plays a crucial role in this landscape, enabling utilities to optimize operations by providing accurate real-time data and facilitating efficient energy consumption management. Similarly, Smart Lighting has emerged as a vital component, contributing not only to energy efficiency but also enhancing public safety and aesthetic appeal in urban environments.
The Smart Grid is transforming the energy distribution landscape through advanced communication technologies, leading to better demand response solutions, reduced outages, and enhanced grid reliability. Home and Building Automation is also noteworthy, as it integrates multiple systems to enhance user convenience and control, aligning with South Korea's push towards smart cities and sustainable living. As a nation highly focused on technological innovation and sustainable energy solutions, South Korea's policies actively support the traction of these applications, providing an encouraging environment for businesses involved in Wi-SUN technology.
The need for improved connectivity and automation is evident as urban populations grow, and smart applications are expected to dominate market activities in the years to come. Additionally, government initiatives aimed at encouraging sustainable infrastructure developments and promoting energy-efficient solutions will further stimulate growth in these areas. Overall, the diverse applications within the South Korea Wi-SUN Technology Market present substantial opportunities for stakeholders, ultimately aligning with broader industry trends that favor energy efficiency, reliability, and enhanced connectivity in urban settings.
Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review
Wi-SUN Technology Market Connectivity Type Insights
The Connectivity Type segment of the South Korea Wi-SUN Technology Market encompasses various approaches that enhance communication efficiency and reliability in smart city applications and IoT deployments. The Point-to-Point configuration is significant due to its ability to establish direct communication links, making it effective for applications requiring high data rates and dedicated connections.Â
On the other hand, the Point-to-Multipoint connectivity model facilitates communication between a single source and multiple receivers, thereby allowing for broader network reach and simpler scalability, which is particularly vital in urban environments where numerous devices need to connect seamlessly.Additionally, the Mesh connectivity type plays a crucial role by enabling devices to interconnect among one another, enhancing network resilience and coverage. This is particularly advantageous in areas where traditional infrastructure might be lacking or in environments with high interference.Â
Overall, the growth of the South Korea Wi-SUN Technology Market is driven by the demand for efficient and scalable connectivity solutions that can adapt to the increasing number of connected devices and growing urbanization challenges in the region. Each of these connectivity types serves a unique purpose that collectively supports the development of smart infrastructure in South Korea.
Wi-SUN Technology Market End Use Insights
The South Korea Wi-SUN Technology Market notably encompasses an End Use segmentation that plays a pivotal role in the broader market landscape. Within the Utilities sector, Wi-SUN technology enhances operational efficiency and reliability, enabling smart grid applications and fostering energy management initiatives essential for sustainability, particularly as South Korea pursues ambitious renewable energy targets. The Industrial segment increasingly leverages this technology to optimize asset monitoring and control processes, driving significant advancements in automation and data analytics, which are vital for maintaining competitive advantages in manufacturing.
Meanwhile, the Residential category benefits from Wi-SUN technology with applications in home automation and energy management solutions, aligning with the country's growing focus on smart city developments and improving the quality of life for its citizens. As these sectors continue to evolve, the South Korea Wi-SUN Technology Market is positioned for substantial growth, driven by demands for efficiency, sustainability, and enhanced connectivity across various applications, reflecting the escalating emphasis on smart solutions in South Korea's development agenda.
Wi-SUN Technology Market Frequency Band Insights
The South Korea Wi-SUN Technology Market, focusing on the Frequency Band segment, presents a dynamic landscape defined by the increasing adoption of smart city initiatives and the advancement of Internet of Things (IoT) applications. Within this segment, the Frequency Band division is characterized by two primary categories: Sub-GHz and 2.4 GHz. The Sub-GHz frequency band plays a crucial role due to its ability to penetrate obstacles efficiently, making it particularly advantageous for large-scale deployments in smart metering and urban infrastructure connectivity.
This band is gaining traction among local government projects aimed at enhancing energy management and environmental monitoring. Conversely, the 2.4 GHz band, known for its widespread usage in consumer electronics and smart home devices, continues to dominate due to its balance of range and data throughput. As South Korea focuses on expanding its digital backbone for IoT applications, both Frequency Band categories are set to play significant roles in streamlining communication protocols and improving overall network reliability. With a robust push for Research and Development in wireless communication standards, this landscape is expected to evolve, revealing new opportunities for innovation and market growth across multiple sectors.
South Korea Wi-SUN Technology Market Key Players and Competitive Insights
The South Korea Wi-SUN Technology Market is characterized by rapid advancements and significant investment in smart city applications, energy management solutions, and IoT connectivity. As a leader in driving digital transformation, South Korea has been at the forefront of adopting wireless smart utility network technologies, resulting in a competitive landscape that showcases strong players specializing in wireless mesh networking. Wi-SUN, which stands for Wireless Smart Utility Network, plays a pivotal role in facilitating the management of large-scale networks that require low-power and long-range communications.Â
A multitude of factors, including government initiatives, increasing demand for smart meters, and the growth of IoT ecosystems, have propelled the market toward expanding capabilities, fostering innovation, and supporting diverse use cases such as environmental monitoring and infrastructure management. Market participants are increasingly focusing on creating interoperable communication solutions while maintaining regulatory compliance and leveraging collaborations with technology partners to enhance their market footprint.
LG Uplus is a prominent player in the South Korea Wi-SUN Technology Market, recognized for its significant contributions to the development of smart city infrastructure and IoT applications. The company has invested heavily in enhancing its network capabilities to support Wi-SUN standards, ensuring seamless connectivity and data transmission for utilities and smart devices. Among its strengths are a robust infrastructure, a commitment to innovation, and a strong focus on customer service.Â
Through strategic partnerships with local municipalities and industries, LG Uplus has successfully established its presence in numerous smart city projects across the country. The company’s ability to integrate smart metering solutions with existing telecommunication networks showcases its technical capabilities and enhances its competitive edge in delivering reliable, scalable, and secure communication services tailored to the demands of the South Korean market.
Samsung Electronics plays a key role in the South Korea Wi-SUN Technology Market, leveraging its extensive experience in telecommunications and smart technology solutions. Notable for its comprehensive IoT ecosystem, the company has developed a range of key products and services related to smart grid solutions, such as advanced smart meters and communication gateways that comply with Wi-SUN specifications. Samsung's strengths lie in its innovative technology development and strong brand reputation, which allow it to effectively penetrate the market.Â
The company’s involvement in several strategic partnerships and collaborations further strengthens its position in the industry and accelerates the adoption of smart solutions. Samsung has also explored mergers and acquisitions within the wireless communication sector, enhancing its capabilities and market access. Through its diverse offerings in IoT, Samsung Electronics aims to provide comprehensive solutions that cater to the evolving needs of utility providers and smart city initiatives in South Korea.
Key Companies in the South Korea Wi-SUN Technology Market Include:
South Korea Wi-SUN Technology Market Industry Developments
Recent developments in the South Korea Wi-SUN Technology Market indicate a significant focus on enhancing smart grid technologies and Internet of Things (IoT) applications. LG Uplus has been actively expanding its Wi-SUN network infrastructure to improve connectivity in urban areas, while Samsung Electronics is investing in Research and Development to bring innovative solutions that cater to smart home applications. Additionally, SK Telecom is collaborating with municipal governments to implement smart city projects that leverage Wi-SUN technologies for energy efficiency.
In terms of current affairs, the competitive landscape is witnessing collaboration among key players. Mando Corporation, for example, is forming partnerships with academic institutions to bolster its tech capabilities within the sector. Notably, in October 2022, KT Corporation announced its acquisition of a stake in a tech startup specializing in smart meter solutions, further solidifying its position in the Wi-SUN domain.Â
Growth in market valuation for these companies has been considerable, driven by government initiatives aimed at promoting green energy and sustainable technologies. In the past few years, significant strides have been made, particularly in 2021 when Seoul Semiconductor launched new components designed to enhance WS communication for IoT applications, showcasing an ongoing commitment to innovative advancements in the market.
South Korea Wi-SUN Technology Market Segmentation Insights
Wi-SUN Technology Market Application Outlook
Wi-SUN Technology Market Connectivity Type Outlook
Wi-SUN Technology Market End Use Outlook
Wi-SUN Technology Market Frequency Band Outlook
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 100.45(USD Million) |
| MARKET SIZE 2024 | 106.75(USD Million) |
| MARKET SIZE 2035 | 367.5(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 11.894% (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 Million |
| KEY COMPANIES PROFILED | LG Uplus, Samsung Electronics, SK Telecom, Mando Corporation, Korea Electronics Technology Institute, Posco, Hyundai Heavy Industries, Seoul Semiconductor, Korea Advanced Institute of Science and Technology, LG Electronics, Daewoo Engineering & Construction, KT Corporation, Naver Corporation, Hanwha Q CELLS |
| SEGMENTS COVERED | Application, Connectivity Type, End Use, Frequency Band |
| KEY MARKET OPPORTUNITIES | Smart city infrastructure development, Renewable energy integration solutions, Advanced metering infrastructure implementation, Growing IoT connectivity demand, Enhanced agricultural monitoring systems |
| KEY MARKET DYNAMICS | increasing demand for smart cities, government support for IoT initiatives, rising adoption of smart meters, focus on energy efficiency, growing connectivity in urban areas |
| COUNTRIES COVERED | South Korea |
Frequently Asked Questions (FAQ):
The South Korea Wi-SUN Technology Market is expected to be valued at 106.75 million USD in 2024.
By 2035, the South Korea Wi-SUN Technology Market is projected to reach a value of 367.5 million USD.
The expected CAGR for the South Korea Wi-SUN Technology Market from 2025 to 2035 is 11.894 percent.
The Smart Metering application segment is expected to lead the market with a value of 35.0 million USD in 2024.
The Smart Lighting application is forecasted to reach a value of 70.0 million USD by 2035.
Major players in the market include companies such as LG Uplus, Samsung Electronics, and SK Telecom, among others.
The Smart Grid application segment was valued at 30.0 million USD in 2024.
The Home and Building Automation application is anticipated to reach 62.5 million USD by 2035.
The Smart Metering segment is expected to grow significantly, contributing to the overall CAGR of 11.894 percent.
The South Korea Wi-SUN Technology Market is expected to adapt and grow despite global challenges, driven by increasing demand for smart technologies.
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Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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