South Korea Artificial Intelligence Market Overview
Market Overview
The South Korea Artificial Intelligence Market size was valued at USD 3.12 Billion in 2024. It is projected to reach USD 30.00 Billion by 2033, exhibiting a CAGR of 26.60% during the forecast period of 2025-2033. Growth is driven by increased investments in AI-oriented semiconductors by tech companies and government agencies, alongside the expansion of 5G and IoT enabling advanced AI solutions in autonomous vehicles and security systems.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
South Korea Artificial Intelligence Market Key Takeaways
- The South Korea artificial intelligence market size was valued at USD 3.12 Billion in 2024.
- The market is projected to grow at a CAGR of 26.60% during 2025-2033.
- The market is expected to reach USD 30.00 Billion by 2033.
- The increasing investments in AI semiconductor R&D by government and tech firms are fueling growth.
- The government's allocation of 9.4 trillion Won (USD 6.94 Billion) by 2027 to AI supports technological advancements.
- AI adoption in healthcare, finance, manufacturing, and smart city projects is expanding rapidly.
- Rising digital transformation driven by 5G and IoT expansions promotes market expansion.
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