South Korea Smart Transportation Market Size, Share, and COVID-19 Impact Analysis, By Application (Mobility as a Service, Public Transport, Transit Hubs, Connected Cars, Video Management, and Others), By Transportation Mode (Roadways, Railways, Airways, Maritime), and South Korea Smart Transportation Market Insights, Industry Trend, Forecasts to 2035

South Korea Smart Transportation Market Insights Forecasts to 2035

• The South Korea Smart Transportation Market Size was estimated at USD 2.5 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 9.07% from 2025 to 2035
• The South Korea Smart Transportation Market Size is Expected to Reach USD 6.5 Billion by 2035

According to a Research Report Published by Spherical Insights & Consulting, The South Korea Smart Transportation Market Size is anticipated to reach USD 6.5 Billion by 2035, Growing at a CAGR of 9.07% from 2025 to 2035.  The market Size is being driven by the growing levels of environmental concerns and traffic congestion, which have led to a need for smart transportation solutions that may minimize environmental impact, optimize traffic flow, and reduce congestion.

Market Overview

The term "Smart Transportation Market" Size describes how sophisticated technologies, including big data, artificial intelligence (AI), the Internet of Things (IoT), and real-time data analytics, are being incorporated into the nation's transportation infrastructure. The goal of this integration is to improve the sustainability, convenience, safety, and efficiency of transportation networks in both urban and interurban locations. Additionally, South Korean governments are enforcing strict laws to reduce pollution, which is driving a trend toward hybrid and electric cars as well as the use of smart transportation systems that plan routes to save fuel. In addition, the continuous developments in machine learning and artificial intelligence, which have made it possible to create predictive maintenance systems and improve the dependability and security of transportation networks, are anticipated to propel the South Korean smart transportation market over the course of the forecast period.

Report Coverage

This research report categorizes the market for the South Korea smart transportation market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea smart transportation 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 transportation market.

Driving Factors

The market for smart transportation in South Korea is expanding at an unprecedented rate, mostly due to the growing need for sustainable transportation options and the rising demand for cutting-edge mobility solutions. First, the need for effective transportation systems to reduce traffic and improve overall urban mobility has increased due to the growing trend of regional urbanization. Furthermore, the emergence of smart cities and the incorporation of Internet of Things (IoT) technologies have significantly changed the transportation landscape. Reduced carbon emissions and improved traffic flow are two benefits of connected cars and intelligent traffic control systems. Additionally, a major factor propelling the market for smart transportation is the increased focus on environmental sustainability.

Restraining Factors

A digital divide still exists despite widespread internet use, especially among older people and those living in rural areas. The ability of older people to take advantage of smart transportation solutions may be limited by their inability to adjust to new technologies. Furthermore, rural regions frequently lack the infrastructure required to support cutting-edge transportation technologies, which results in unequal access to these services.

Market Segmentation

The South Korea smart transportation market share is classified into application and transportation mode.

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

The South Korea smart transportation market is segmented by application into mobility as a service, public transport, transit hubs, connected cars, video management, and others. Among these, the public transport segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The nation's well-developed transit system, which includes buses, high-speed rail, and subways, is extensively utilized because of its cost and effectiveness. The sector's growth is further fueled by government efforts and intelligent mobility technologies including real-time tracking and integrated fare systems.

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

The South Korea smart transportation market is segmented by transportation into roadways, railways, airways, maritime. Among these, the roadways segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. In order to maximize mobility and lessen congestion, the nation's vast road network is equipped with smart transportation technologies like connected cars, intelligent traffic management, and smart roads.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea smart transportation 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

• Hyundai Motor Company
• Kia Corporation
• Samsung SDS
• SK Telecom
• LG CNS
• KT Corporation
• Autonomous A2Z
• StradVision
• RideFlux
• Others

Recent Developments:

• In February 2025, GO SEOUL, a comprehensive transportation brand integrating buses, subways, Ttareungi (bike sharing), and Hangang River buses, was introduced by the Seoul Metropolitan Government. The program, available through the Climate Companion Card, aimed to enhance user experience and promote sustainable urban mobility. The brand's design represented connectivity and Seoul's development as a global design city.

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 transportation market based on the below-mentioned segments:

South Korea Smart Transportation Market, By Application

• Mobility as a Service
• Public Transport
• Transit Hubs
• Connected Cars
• Video Management
• Others

South Korea Smart Transportation Market, By Transportation Mode

• Roadways
• Railways
• Airways
• Maritime