Average revenue per Smart Home segment in South Korea 2028

In 2028, the average revenue per Smart Home is forecast to significantly decrease in all segments compared to the previous time point. In line with the decreasing trend, the indicator experiences their lowest value in all segments towards the end of the observations. Specifically, the segment Comfort & Lighting should be mentioned, as it provides the lowest value with 17.12 U.S. dollars.

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Average revenue per Smart Home forecast by segment in South Korea from 2020 to 2028 (in U.S. dollars)

Characteristic	Smart Home	Smart Appliances	Security	Control & Connectivity	Home Entertainment	Energy Management	Comfort & Lighting
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Supplementary notes

Data provided by Statista Market Insights are estimates.

The Smart Home market constitutes the sale of networked devices and related services that enable home automation for private end users (B2C). Considered are devices that are connected directly or indirectly via a so-called gateway to the Internet. Their main purposes are the control, monitoring and regulation of functions in a private household.

The remote control and monitoring of individual devices and, if applicable, their direct communication with one another (Internet of Things), is an essential component of intelligent home automation. Therefore, services which are necessary for the maintenance or control of the household network are also considered, e.g. subscription fees for control apps or external monitoring services.

Devices whose primary function is not the automation or remote control of household equipment, e.g. smartphones and tablets, are not included here. Similarly, devices that relate to household connection and remote control only to a limited extent, such as smart TVs, are not included either.

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