South Korea Smart Transportation Market Overview
Market Statistics
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 2.3 Billion
Market Forecast in 2033: USD 5.3 Billion
Market Growth Rate: 8.90%(2025-2033)
According to the latest report by IMARC Group, the South Korea smart transportation market size reached USD 2.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.3 Billion by 2033, exhibiting a growth rate (CAGR) of 8.90% during 2025-2033.
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South Korea Smart Transportation Industry Trends and Drivers:
The market for smart transportation in South Korea is expanding quickly thanks to the nation’s dedication to urban innovation and state-of-the-art technological infrastructure. Real-time traffic management, driverless cars, and intelligent public transportation solutions are all made possible by the convergence of AI, IoT, and 5G, which is revolutionizing transportation systems. Intelligent traffic solutions that use data analytics to enhance traffic flow and lessen congestion are being adopted by cities like Seoul. With their user-friendly apps, mobility-as-a-service (MaaS) platforms are increasingly becoming more popular. They provide a smooth integration of ride-sharing, public transportation, and micro-mobility choices. South Korea is a global pioneer in smart mobility, improving urban living and sustainability, thanks to its emphasis on building interconnected, effective transportation networks.
The focus on environmentally friendly transportation options is another significant development. With the help of cutting-edge charging infrastructure, electric buses and trains are proliferating as South Korea works to lower its carbon emissions. With businesses creating delivery drones and self-driving shuttles to handle last-mile connectivity, autonomous vehicle testing is growing. Furthermore, blockchain is being integrated into smart transportation systems to ensure transparency and dependability through secure ticketing and data exchange. The adoption of integrated transportation solutions that put user convenience and environmental sustainability first is being fueled by government investment in smart city initiatives like Songdo. These developments are in line with South Korea’s goal of using technology to transform mobility and establish a standard for international transportation innovation.
South Korea Smart Transportation Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest South Korea Smart Transportation Market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
The report has segmented the market into the following categories:
Solution and Services Insights:
Solution
Hybrid Ticketing Management System
Parking Management and Guidance System
Integrated Supervision System
Traffic Management System
Others
Services
Business Services
Professional Services
Cloud Services
Transportation Mode Insights:
Roadways
Railways
Airways
Maritime
Application Insights:
Mobility as a Service
Public Transport
Transit Hubs
Connected Cars
Video Management
Others
Regional Insights:
Seoul Capital Area
Yeongnam (Southeastern Region)
Honam (Southwestern Region)
Hoseo (Central Region)
Others
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Additionally, the report features detailed profiles of all major companies in the South Korea Smart Transportation industry.
Key highlights of the Report:
Market Performance (2019-2024)
Market Outlook (2025-2033)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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