South Korea Smart Lighting Market to 2032
Overview
The South Korea Smart Lighting Market is expected to reach a 6.78 USD Billion by 2032 and is projected to grow at a CAGR of 48.63% from 2025 to 2032.
Revenue, 2024 (USD Billion)
1.22
Forecast, 2032 (USD Billion)
6.78
CAGR, 2024 - 2032
48.63%
Report Coverage
South Korea
South Korea Smart Lighting Market 2018-2032 USD Billion
South Korea Smart Lighting Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 1.22 USD Billion
- Projected Market Size (2032): 6.78 USD Billion
- CAGR (2025-2032): 48.63%
Key Findings of South Korea Smart Lighting Market
- The South Korea Smart Lighting Market was valued at 1.22 USD Billion in 2024.
- The South Korea Smart Lighting Market is likely to grow at a CAGR of 48.63% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Retrofit Installation in Installation Type Segment accounted for the largest share of the market with a revenue of 0.87 USD Billion
- The fastest growing segment Wireless Technology in Communication Technology Segment grew Fastest with a CAGR of 50.01% during the forecast period from 2024 to 2032.
South Korea Smart Lighting Market Scope
South Korea Smart Lighting Market Segmentation & Scope
Application Type
- Outdoor Application
- Indoor Application
Offering
- Services
- Software
- Hardware
Installation Type
- New Installation
- Retrofit Installation
Communication Technology
- Wireless Technology
- Wired Technology
South Korea Smart Lighting Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2018 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 1.22 USD Billion |
| Market Value in 2032 | 6.78 USD Billion |
| CAGR (2025-2032) | 48.63% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application Type,Offering,Installation Type,Communication Technology |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 1.22 USD Billion in 2024
- Key Country: South Korea, leading in terms of revenue with value of 1,219.81 USD Million in 2024.
Segments and Scope
-
South Korea Smart Lighting Market to 2032, By Application Type
- Indoor Application is the largest segment in South Korea Smart Lighting Market to 2032 with a revenue of 855.61 USD Billion in the year 2024.
- Indoor Application is the Fastest growing segment in South Korea Smart Lighting Market to 2032 with a Growth rate of 48.98 % in forecast period 2025-2032.
-
South Korea Smart Lighting Market to 2032, By Offering
- Hardware is the largest segment in South Korea Smart Lighting Market to 2032 with a revenue of 721.05 USD Billion in the year 2024.
- Hardware is the Fastest growing segment in South Korea Smart Lighting Market to 2032 with a Growth rate of 49.33 % in forecast period 2025-2032.
-
South Korea Smart Lighting Market to 2032, By Installation Type
- Retrofit Installation is the largest segment in South Korea Smart Lighting Market to 2032 with a revenue of 870.90 USD Billion in the year 2024.
- Retrofit Installation is the Fastest growing segment in South Korea Smart Lighting Market to 2032 with a Growth rate of 49.07 % in forecast period 2025-2032.
-
South Korea Smart Lighting Market to 2032, By Communication Technology
- Wired Technology is the largest segment in South Korea Smart Lighting Market to 2032 with a revenue of 767.34 USD Billion in the year 2024.
- Wireless Technology is the Fastest growing segment in South Korea Smart Lighting Market to 2032 with a Growth rate of 47.83 % in forecast period 2025-2032.
South Korea Smart Lighting Market Company Share Analysis
| Company Name |
|
||
| Legrand | |||
| Signify Holding | |||
| Seiko Epson Corporation | |||
| Honeywell International Inc. | |||
| WOLFSPEED, INC. | |||
South Korea Smart Lighting Market Geographical Sales Distribution, 2018-2032 USD Billion
South Korea Smart Lighting Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Smart Lighting Market is segmented based on Segmentation Application Type,Offering,Installation Type,Communication Technology.
South Korea Smart Lighting Market was valued at USD 1.22(Revenue in USD Billion) in 2018.
South Korea Smart Lighting Market is projected to grow at a CAGR of 48.63% during the forecast period of 2024 to 2032.
The Retrofit Installation segment is expected to dominate the South Korea Smart Lighting Market, holding a largest market share of 0.87 USD Billion in 2024
South Korea Smart Lighting Market Scope
South Korea Smart Lighting Market Segmentation & Scope
Application Type
- Outdoor Application
- Indoor Application
Offering
- Services
- Software
- Hardware
Installation Type
- New Installation
- Retrofit Installation
Communication Technology
- Wireless Technology
- Wired Technology
Frequently Asked Questions
The South Korea Smart Lighting Market is segmented based on Segmentation Application Type,Offering,Installation Type,Communication Technology.
South Korea Smart Lighting Market was valued at USD 1.22(Revenue in USD Billion) in 2018.
South Korea Smart Lighting Market is projected to grow at a CAGR of 48.63% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Smart Lighting Market for final year is USD 6.78 (USD Billion).
South Korea Smart Lighting Market Company Profiling
Frequently Asked Questions
The South Korea Smart Lighting Market is segmented based on Segmentation Application Type,Offering,Installation Type,Communication Technology.
South Korea Smart Lighting Market was valued at USD 1.22(Revenue in USD Billion) in 2018.
South Korea Smart Lighting Market is projected to grow at a CAGR of 48.63% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Smart Lighting Market for final year is USD 6.78 (USD Billion).
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