South Korea Connected Vehicle Market Insight
Published: 02 July 2026 | Report Format: Electronic (PDF) | Author: Govind and Krishna
The market for connected cars in South Korea is expected to grow at compound annual growth rate (CAGR) of 10.56% between 2025 and 2035 because to deployment of 5G and V2X.
South Korea Connected Vehicle Market Insights Forecasts to 2035
- The South Korea Connected Vehicle Market Size Was Estimated USD 7.85 Billion in 2025
- The Market Size is Expected to Grow at a CAGR of around 10.56% from 2025 to 2035
- The South Korea Connected Vehicle Market Size is Expected to rise around USD 21.43 Billion by 2035
Notable Insights for the South Korea Connected Vehicle Market
- Driven by OEM integration, embedded systems are the largest and fastest-growing market based on connectivity solutions segmentation.
- V2X and telematics fuel market expansion based on communication type segmentation, while 5G makes real-time autonomous driving and predictive services possible.
- According to government data, South Korea set aside KRW 45 billion in 2025 and KRW 558 billion in 2026 for pilot city projects and autonomous driving V2X technologies.
- SDV development and connected services are accelerated by Hyundai Group's software brand Pleos and cooperation with Samsung, according to funding or income statistics.
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What Makes Decisions Advisors Research Unique?
- Cutting-Edge Connected Mobility & V2X Insights
The Decisions Advisors offers superior research on connected cars, V2X, 5G technology, and SDVs in the South Korea region. Growth opportunities for telematics, infotainment, and autonomous vehicle ecosystem have been assessed thoroughly.
- Robust Research Methodology with Accurate Forecasting Models
The report blends primary inputs obtained through interviews with automakers, telecommunication companies, and technology experts with secondary inputs sourced from government sources, industry sources, and regulatory authorities. This results in accurate market estimations and CAGR projections.
- Comprehensive Competitive and Ecosystem Analysis
The report looks at the leading providers of V2X platforms, infotainment systems and connected car solutions. It examines how strategic alliances, positioning and legislative effects are influencing the South Korea Connected Vehicle Market.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the South Korea connected vehicle market, along with a comparative evaluation primarily based on their product of 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.
Top Companies in South Korea Connected Vehicle Market
- Hyundai Motor Company
- Kia Corporation
- Samsung Electronics
- LG Electronics (Vehicle Components)
- SK Telecom (V2X/Network)
- KT Corporation (Telematics)
- Naver Corp (Cloud Mobility)
- Hanwha Systems (Autonomous Tech)
- HL Mando (ADAS/Connected Systems)
- 42dot (Hyundai SDV Software Center)
Recent Developments:
- In April 2025, Kia improved linked mobility services and in-car digital experiences by introducing improved linked Car Navigation Cockpit (ccNC) and over-the-air (OTA) software update capabilities across new car models.
- In January 2025, in order to accelerate AI-powered software-defined vehicles (SDVs) and integrate cutting-edge AI computing with connected car technologies for next-generation mobility, Hyundai Motor extended its partnership with NVIDIA.
Market Segmentation:
South Korea Connected Vehicle Market, By Connectivity Solutions
- Integrated
- Embedded
- Tethered
South Korea Connected Vehicle Market, By Communication Type
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- Vehicle-to-Vehicle
- Vehicle-to-Infrastructure
- Vehicle-to-Pedestrian
- Vehicle-to-Cloud
South Korea Connected Vehicle Market, By Application
-
- Infotainment
- Telematics
- Safety & Security
- Navigation
Expert Views:
The connected car industry in South Korea is expected to witness exponential growth owing to fast 5G adoption, cutting-edge V2X technology, and effective collaboration between auto manufacturers and tech firms. With software-defined cars and mobility systems in place, innovation is bound to increase, and thus, South Korea can be considered the world’s leader in smart transportation with double-digit growth every year.
Author: Govind and Krishna By Decisions Advisors and Consulting