South Korea Smart Manufacturing Market Size, Share, and COVID-19 Impact Analysis, By Component (Hardware, Software, Services), By Technology (Machine Execution Systems, Programmable Logic Controller, Enterprise Resource Planning, SCADA, Discrete Control Systems, Human Machine Interface, Machine Vision, 3D Printing, Product Lifecycle Management, Plant Asset Management), and South Korea Smart Manufacturing Market Insights, Industry Trend, Forecasts to 2035.

South Korea Smart Manufacturing Market Insights Forecasts to 2035

• The South Korea Smart Manufacturing Market Size was estimated at USD 6,527.6 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 14.36% from 2025 to 2035
• The South Korea Smart Manufacturing Market Size is Expected to Reach USD 28,566.3 Million by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Smart Manufacturing Market Size is anticipated to reach USD 28,566.3 Million by 2035, growing at a CAGR of 14.36% from 2025 to 2035. Some of the major factors propelling the market are the growing active support from the government through policies and initiatives, the need for flexibility and customization in manufacturing processes, and the broad adoption of 5G technology.

Market Overview

The South Korea smart manufacturing market refers to the integration of cutting-edge digital technologies into manufacturing processes to create intelligent, automated, and data-driven production environments is referred to as "smart manufacturing" in the South Korean market. Additionally, South Korea is making sure that the human element of smart manufacturing is prominent by concentrating on creating a highly skilled workforce that is adept at digital technologies. This trend further improves the market outlook by fostering a synergy between automated processes and human expertise. Technological developments and shifting consumer preferences are a couple of the additional factors propelling the market. This production lines are becoming intelligent systems with the ability to perform autonomous decision-making, quality control, and predictive maintenance due to the growing integration of AI and IoT in industrial applications. As a result, the market is being greatly supported.

Report Coverage

This research report categorizes the market for the South Korea smart manufacturing market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea smart manufacturing market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea smart manufacturing market.

Driving Factors

The market is being positively impacted by the growing need for flexibility and customization in manufacturing processes. To meet these demands, South Korean businesses are utilizing smart manufacturing technologies, which enable more individualized and varied production without compromising efficiency. Additionally, businesses are being urged to adopt smart manufacturing solutions, which provide optimized energy usage and decreased waste, by the growing demand for sustainable manufacturing practices and effective resource management. In addition, South Korea's broad rollout of 5G technology is also playing a significant role, providing high-speed connectivity necessary for the real-time communication and data transfer needed in smart manufacturing settings.

Restraining Factors

South Korean smart factories are increasingly vulnerable to cyberattacks as they integrate more linked technologies such as cloud, AI, and IoT. Attackers may use these digital connections to obtain private production data, interfere with daily operations, or even take down vital systems. Consequently, cybersecurity has grown to be a significant issue, necessitating the development of more robust defenses such as encryption, real-time monitoring, and secure network architectures to safeguard smart manufacturing settings.

Market Segmentation

The South Korea smart manufacturing market share is classified into component and technology.

• The software segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea smart manufacturing market is segmented by component into hardware, software, and services. Among these, the software segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The country's heavy reliance on artificial intelligence (AI), data analytics, and cloud-based platforms that facilitate real-time monitoring, predictive maintenance, and process optimization is what drives this dominance. In addition to being more scalable and industry-neutral, software solutions are essential to South Korea's manufacturing digital transformation.

• The enterprise resource planning segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea smart manufacturing market is segmented by technology into machine execution systems, programmable logic controller, enterprise resource planning, SCADA, discrete control systems, human machine interface, machine vision, 3D printing, product lifecycle management, and plant asset management. Among these, the enterprise resource planning segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. To consolidate various business operations onto a single platform, such as procurement, finance, inventory, and production. Decisions can be made more quickly and intelligently thanks to this integration, which also helps to streamline processes, remove duplication, and give real-time access to operational data. It is a fundamental step in the direction of intelligent, networked manufacturing.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea smart manufacturing market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• MakinaRocks
• INTELLIZ Corp
• DAIM Research
• Minds Lab Inc
• SOYNET
• EAST TO WEST
• others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea Smart Manufacturing Market based on the below-mentioned segments:

South Korea Smart Manufacturing Market, By Component

• Hardware
• Software
• Services

South Korea Smart Manufacturing Market, By Technology

• Machine Execution Systems
• Programmable Logic Controller
• Enterprise Resource Planning
• SCADA
• Discrete Control Systems
• Human Machine Interface
• Machine Vision
• 3D Printing
• Product Lifecycle Management
• Plant Asset Management