South Korea Smart Transportation Market to 2032
Overview
The South Korea Smart Transportation Market is expected to reach a 38,510.62 USD Billion by 2032 and is projected to grow at a CAGR of 27.95% from 2025 to 2032.
Revenue, 2024 (USD Billion)
8,329.17
Forecast, 2032 (USD Billion)
38,510.62
CAGR, 2024 - 2032
27.95%
Report Coverage
South Korea
South Korea Smart Transportation Market 2018-2032 USD Billion
South Korea Smart Transportation Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 8,329.17 USD Billion
- Projected Market Size (2032): 38,510.62 USD Billion
- CAGR (2025-2032): 27.95%
Key Findings of South Korea Smart Transportation Market
- The South Korea Smart Transportation Market was valued at 8,329.17 USD Billion in 2024.
- The South Korea Smart Transportation Market is likely to grow at a CAGR of 27.95% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Cloud Services in Service Segment accounted for the largest share of the market with a revenue of 5,363.53 USD Billion
- The fastest growing segment Traffic Management Solution in Solution Segment grew Fastest with a CAGR of 29.07% during the forecast period from 2024 to 2032.
South Korea Smart Transportation Market Scope
South Korea Smart Transportation Market Segmentation & Scope
Transportation Mode
- Waterways
- Airways
- Railways
- Roadways
Service
- Professional Services
- Cloud Services
Solution
- Insurance Telematics Solution
- Integrated Supervision Solution
- Parking Management Solution
- Smart Ticketing Solution
- Passenger Information Solution
- Traffic Management Solution
South Korea Smart Transportation Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2022 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 8,329.17 USD Billion |
| Market Value in 2032 | 38,510.62 USD Billion |
| CAGR (2025-2032) | 27.95% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Transportation Mode,Service,Solution |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 8,329.17 USD Billion in 2024
- Key Country: South Korea, leading in terms of revenue with value of 8,329.17 USD Billion in 2024.
Segments and Scope
-
South Korea Smart Transportation Market to 2032, By Transportation Mode
- Roadways is the largest segment in South Korea Smart Transportation Market to 2032 with a revenue of 3,900.23 USD Billion in the year 2024.
- Roadways is the Fastest growing segment in South Korea Smart Transportation Market to 2032 with a Growth rate of 28.82 % in forecast period 2025-2032.
-
South Korea Smart Transportation Market to 2032, By Service
- Cloud Services is the largest segment in South Korea Smart Transportation Market to 2032 with a revenue of 5,363.53 USD Billion in the year 2024.
- Cloud Services is the Fastest growing segment in South Korea Smart Transportation Market to 2032 with a Growth rate of 28.60 % in forecast period 2025-2032.
-
South Korea Smart Transportation Market to 2032, By Solution
- Traffic Management Solution is the largest segment in South Korea Smart Transportation Market to 2032 with a revenue of 2,850.67 USD Billion in the year 2024.
- Traffic Management Solution is the Fastest growing segment in South Korea Smart Transportation Market to 2032 with a Growth rate of 29.07 % in forecast period 2025-2032.
South Korea Smart Transportation Market Company Share Analysis
| Company Name |
|
||
| IBM Corporation | |||
| Thales | |||
| Siemens | |||
| Schneider Electric | |||
| Cisco Systems, Inc. | |||
South Korea Smart Transportation Market Geographical Sales Distribution, 2018-2032 USD Billion
South Korea Smart Transportation Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Smart Transportation Market is segmented based on Segmentation Transportation Mode,Service,Solution.
South Korea Smart Transportation Market was valued at USD 8,329.17(Revenue in USD Billion) in 2022.
South Korea Smart Transportation Market is projected to grow at a CAGR of 27.95% during the forecast period of 2024 to 2032.
The Cloud Services segment is expected to dominate the South Korea Smart Transportation Market, holding a largest market share of 5,363.53 USD Billion in 2024
South Korea Smart Transportation Market Scope
South Korea Smart Transportation Market Segmentation & Scope
Transportation Mode
- Waterways
- Airways
- Railways
- Roadways
Service
- Professional Services
- Cloud Services
Solution
- Insurance Telematics Solution
- Integrated Supervision Solution
- Parking Management Solution
- Smart Ticketing Solution
- Passenger Information Solution
- Traffic Management Solution
Frequently Asked Questions
The South Korea Smart Transportation Market is segmented based on Segmentation Transportation Mode,Service,Solution.
South Korea Smart Transportation Market was valued at USD 8,329.17(Revenue in USD Billion) in 2022.
South Korea Smart Transportation Market is projected to grow at a CAGR of 27.95% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Smart Transportation Market for final year is USD 38,510.62 (USD Billion).
South Korea Smart Transportation Market Company Profiling
Frequently Asked Questions
The South Korea Smart Transportation Market is segmented based on Segmentation Transportation Mode,Service,Solution.
South Korea Smart Transportation Market was valued at USD 8,329.17(Revenue in USD Billion) in 2022.
South Korea Smart Transportation Market is projected to grow at a CAGR of 27.95% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Smart Transportation Market for final year is USD 38,510.62 (USD Billion).
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