Technology
Europe Smart Home Market to Reach $67.5 Billion by 2031–Exclusive Report by Meticulous Research®
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REDDING, Calif., March 18, 2025 /PRNewswire/ — According to a new market research report titled ‘Europe Smart Home Market by Product Type (Smart Lighting Systems, Smart Speakers, Smart Security & Monitoring Systems, Smart HVAC Control), Protocol Standard (Wireless Protocols, Wired Protocols, Hybrid Protocols) Forecast to 2031′, published by Meticulous Research®, the Europe smart home market is projected to reach $67.5 billion by 2031, at a CAGR of 13.9% from 2024 to 2031.
The growth of the Europe smart home market is driven by the rising need for home safety & security, increasing government initiatives promoting the adoption of smart technologies, and the wider proliferation of Internet of Things (IoT) technologies. However, High procurement costs restrain the growth of this market to some extent.
Furthermore, consumers’ need for complete flexibility & customization is expected to generate growth opportunities for market stakeholders. However, data privacy & security concerns and smart home solutions’ compatibility with existing infrastructure are major challenges in the Europe smart home market.
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Increasing Government Initiatives Promoting the Adoption of Smart Technologies
Governments in Europe are actively promoting the adoption of smart home technologies to address challenges such as energy efficiency and sustainability and improve the quality of life for citizens. These initiatives are driven by a combination of environmental goals, economic strategies, and technological innovation. Regional governments are encouraging the use of smart home technologies that optimize energy use, such as smart thermostats, automated lighting, and energy-efficient appliances. Countries such as Germany have introduced financial incentives, such as grants and tax rebates, to support the adoption of energy-efficient technologies in homes. The French government also offers tax credits under the Energy Transition Tax Credit (CITE) program, which includes rebates for smart home technologies like energy management systems.
Furthermore, governments across Europe are integrating smart home technologies into broader national sustainability and digitalization agendas. These efforts not only help reduce energy consumption but also support long-term environmental goals while fostering innovation in the building and technology sectors. By combining financial incentives, policy frameworks, and public awareness campaigns, Europe is positioning itself as a leader in the adoption of smart home technologies.
Some of the recent developments in this space are as follows:
In April 2024, the U.K. government passed the Product Security and Telecommunications Infrastructure (PSTI) Act to help citizens choose secure smart home products.In August 2023, the German government announced a substantial investment of EUR 18.9 billion (USD 19.8 billion) in a subsidy program for energy-efficient building renovation and installation of solar panels and batteries, creating favorable conditions for adopting smart energy management systems. The installations of solar batteries in the country doubled in 2023, with over one million units in operation. Many of these installations are integrated with smart energy management devices that optimize energy consumption and storage.
Such initiatives are driving the growth of the Europe smart home market.
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Europe Smart Home Market Analysis: Key Findings
Based on product type, in 2024, the smart security & monitoring systems segment is expected to account for the largest share of 29.1% of the Europe smart home market. However, the smart speaker’s segment is expected to register the highest CAGR of 18.7% during the forecast period 2024–2031.
Based on protocol & standard, in 2024, the wireless protocols segment is expected to account for the largest share of 64.9% of the Europe smart home market. Moreover, this segment is expected to register the highest CAGR of 14.7% during the forecast period.
Country/Region Analysis:
Based on country/region, the Europe smart home market is segmented into Germany, the U.K., France, Italy, Spain, Netherlands, Switzerland, Sweden, Denmark, Russia, Norway, and the Rest of Europe. In 2024, Germany is expected to account for the largest share of around 25% of the Europe smart home market.
Germany’s smart home market is one of the most advanced and rapidly growing in Europe, driven by high consumer demand for energy-efficient, automated, and secure household solutions. The market is further supported by government initiatives promoting energy efficiency, the rising adoption of IoT devices, and increased consumer awareness of home automation technologies.
Germany’s smart home ecosystem is diverse, with segments such as energy management systems, home security, smart appliances, entertainment systems, and healthcare monitoring solutions. Energy management and security systems are two of the fastest-growing segments. The focus on energy efficiency is driven by Germany’s ambitious climate targets, including its goal to become carbon-neutral by 2045. Government initiatives, such as the €18.9 billion (USD 19.7 Billion) subsidy program for energy-efficient building renovations, as well as the installation of solar panels and batteries, have created favorable conditions for the adoption of smart energy management systems.
Home security is another key growth driver in Germany’s smart home market. Increasing concerns about burglaries and crimes have led to rising demand for IoT-enabled security systems, including smart locks, surveillance cameras, and motion sensors. In 2023, burglary rates rose in cities like Berlin, prompting German consumers to invest in advanced home security solutions. Companies like Bosch, which offers comprehensive security systems, have seen increased adoption of their products in response to these trends.
Overall, Germany’s smart home market is a dynamic and rapidly evolving sector, integrating cutting-edge technologies with strong policy support to meet consumer demand for efficiency, security, and sustainability. As the country continues its green transition and IoT adoption accelerates, the smart home sector is expected to remain a key component of its digital and environmental strategy.
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Norway: The Fastest-growing Country Market
Norway’s smart home market is projected to register the highest CAGR of 15.6% during the forecast period. The smart home market in Norway is growing rapidly, driven by advances in technology, increasing consumer awareness, and a strong commitment to sustainability. Norway, known for its high standard of living and techsavvy population, presents a lucrative market for smart home products and services. The adoption of smart home technology in the country is fueled by the desire for enhanced convenience, energy efficiency, and improved home security.
Moreover, the Norwegian government is supporting the development of smart grids that enable better management and distribution of electricity. This infrastructure enhances the capabilities of smart homes by allowing them to communicate with the grid, respond to variable energy availability, and contribute to more efficient energy use. As Norway generates most of its electricity from renewable sources, the integration of smart home technology with these grids helps maximize the potential of renewable energy. Thus, regulatory support, financial incentives, and strategic investments in digital infrastructure are driving the growth of Norway’s smart home market
Europe Smart Home Market: Competition Analysis
This report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted over the past 3–4 years. Major companies in the Europe smart home market have implemented various strategies to expand their product offerings footprints and augment their market shares. The key strategies followed by most companies in the Europe smart home market were product launches, expansions, mergers & acquisitions, agreements, collaborations, and partnerships. The key players operating in the Europe smart home market include LG Electronics, Inc. (South Korea), ASSA ABLOY AB (Sweden), Amazon Web Services, Inc. (U.S) (a subsidiary of Amazon.com, Inc.), Samsung Electronics Co., Ltd. (South Korea), Schneider Electric SE (France), Siemens AG (Germany), Google LLC (U.S.) (a subsidiary of Alphabet Inc.), Apple, Inc. (U.S.), Legrand SA (France), Johnson Controls International plc (Ireland), Honeywell International Inc. (U.S.), ecobee Technologies ULC (Canada) (a subsidiary of Generac Power Systems, Inc.), Robert Bosch GmbH (Germany), ABB Ltd. (Switzerland), and Axis Communications AB (Sweden) (a subsidiary of Canon Inc.).
Europe Smart Home Industry Overview: Latest Developments from Key Industry Players
In October 2024, Samsung Electronics Co., Ltd. (South Korea) partnered with Ashley Furniture Industries, Inc. (U.S.) to launch The Connected Home Experience powered by Samsung SmartThings.In May 2024, Siemens AG (Germany) collaborated with Emporia (U.S.) to introduce its Inhab™ Energy Monitor residential energy monitoring solution for helping homeowners take control of their energy consumption and spending.In April 2024, Samsung Electronics Co., Ltd. (South Korea) launched its new connected Bespoke AI-powered home appliances to improve the overall smart home experience for customers.
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Scope of the Report:
Europe Smart Home Market Assessment—by Product Type
Smart Security & Monitoring SystemsSmart Locks & Access ControlSmart Home InterfacesSmart Security CamerasSmart SpeakersSmart Lighting SystemsSmart HVAC ControlSmart ThermostatsSmart Air ConditioningSmart VentsSmart Entertainment SystemsSmart Home AppliancesSmart Washing MachinesRobotic Vacuum CleanersSmart Water HeatersSmart Kitchen AppliancesSmart RefrigeratorsSmart DishwashersSmart Coffee MakersSmart OvensSmart Home Healthcare SystemsSmart FurnitureSmart Sofas & ReclinersSmart Tables & Desks
Europe Smart Home Market Assessment—by Protocol & Standard
Wireless ProtocolWi-FiZigBeeBluetoothZ-WaveThreadEnOceanWired ProtocolKNXUPBX1OBACNETLONWORKSDALIMODBUSETHERNETHybrid ProtocolC-BusInsteon
Europe Smart Home Market Assessment—by Country/Region
EuropeU.K.GermanyFranceItalySpainNetherlandsDenmarkSwitzerlandSwedenRussiaNorwayRest of Europe
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Smart Home Market Size, Share, Forecast, & Trends Analysis by Product Type (Smart Lightning Systems, Smart Speakers, Smart Security & Monitoring Systems, Smart Home Appliances), Protocol & Standard (Wireless Protocols, Wired Protocols, Hybrid Protocols), and Geography – Global Forecast to 2031 – https://www.meticulousresearch.com/product/smart-home-market-5029
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About Meticulous Research
We are a trusted research partner for leading businesses worldwide, empowering Fortune 500 organizations and emerging enterprises with market intelligence designed to drive revenue transformation and strategic growth. Our insights reveal future growth opportunities, equipping clients with a competitive edge through a versatile suite of research solutions—including syndicated reports, custom research, and direct analyst engagement. Each year, we conduct over 300 syndicated studies and manage 60+ consulting engagements across eight major sectors and 20+ geographic markets, all to deliver targeted business insights that help our clients lead in a rapidly evolving global market.
With a strong focus on problem-solving for complex business challenges, our research enables organizations to navigate change with assertion, aligning it with strategic pathways for sustainable growth. By identifying innovative and effective solutions, we empower leaders to make impactful decisions that drive operational excellence and fuel innovation. We are committed to crafting insights that enhance business performance and help our clients unlock new revenue opportunities, positioning them for long-term success in the competitive global marketplace.
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NAVER Partners with Brookfield and NVIDIA to Expand Korea’s National AI Factory Infrastructure Buildout
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July 25, 2026By
SAN FRANCISCO, July 25, 2026 /PRNewswire/ — NAVER, Brookfield and NVIDIA announced an expansion of Korea’s sovereign AI factory infrastructure. New investments will increase the initial NVIDIA DSX™ AI factory deployment from 55 megawatts to 200 megawatts.
Announced during Korea President Jae Myung Lee’s AI Summit visit to San Francisco, the planned 200-megawatt expansion will be built with the NVIDIA DSX platform at NAVER’s GAK Sejong hyperscale data center in Sejong, South Korea. The expanded infrastructure will provide Korea- and U.S.- based AI innovators with access to production-scale AI compute for building next-generation models, agents and AI-powered services.
Under the terms of the agreements, Brookfield will fund up to $9 billion as the exclusive capital partner, NVIDIA will invest $1 billion and NAVER will fund the remaining amount to finance the $10 billion project.
This builds on NAVER’s June announcement to extend its GAK Sejong data center with NVIDIA DSX, with a long-term path to gigawatt-scale sovereign AI infrastructure serving Korea’s enterprises, industries, government organizations and global AI cloud customers. Combining Brookfield’s capital with NVIDIA’s computing platform, the investment supports NAVER’s AI factory deployment.
“NVIDIA’s strategic investment and our infrastructure supply agreement with Brookfield have propelled NAVER’s vision for the AI Factory business into a robust execution phase,” said Haejin Lee, Founder and Chairman of NAVER. “Leveraging the solid partnerships with our global partners, we will drive technological innovation, foster a sovereign AI ecosystem, and spearhead efforts to strengthen South Korea’s AI competitiveness.”
AI Factory Expansion and Open Model Collaboration to Fuel AI Innovators
NAVER, as an NVIDIA Cloud Partner, provides deep expertise in operating hyperscale infrastructure powered by the full-stack NVIDIA AI platform. The 200-megawatt AI factory, featuring NVIDIA Vera Rubin and Blackwell platforms, will establish a dedicated resource pool for emerging AI companies, providing the compute, software and support needed to develop and deploy competitive AI models and applications at scale.
This expanded infrastructure also builds on NAVER and NVIDIA’s collaboration on open model development for agentic and physical AI. NAVER is advancing its HyperCLOVA X models to be based on NVIDIA Nemotron™ 3 Ultra open models with its proprietary data and training expertise. NAVER is also the first Korean company to join the NVIDIA Nemotron Coalition, contributing to open model development across pretraining, post-training and reinforcement learning.
NAVER plans to launch an AI agent platform in Korea in the second half of the year, powered by NVIDIA Agent Toolkit software including NVIDIA NemoClaw™ blueprints. NAVER is also developing a Seoul World Model using proprietary urban street-view and spatial modeling data, built on NVIDIA Cosmos™ world foundation models.
About NAVER
Founded in 1999, NAVER is Korea’s largest Internet company and one of the world’s top tech companies. Leading cutting-edge technologies, NAVER operates the No.1 search engine in Korea and holds various business portfolios encompassing commerce, fintech, cloud, AI and robotics.
NAVER recorded sales of KRW 12.04 trillion (USD 8.18 billion) in 2025. TEAM NAVER continues to enhance its business portfolio and expand its global presence across Japan, North America, and Europe, while pursuing innovation through continuous research and development in future technologies.
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SOURCE NAVER
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Beijing Review: Walking Through Time: China and U.S. Youths Explore Dali’s Past and Future
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1 hour agoon
July 25, 2026By
BEIJING, July 24, 2026 /PRNewswire/ — On July 17, a China-U.S. youth delegation came to Dali of Yunnan Province. By examining how Dali’s rich history intersects with modern development, the delegates explored new pathways for rural development.
They visited Dali Old Town, tried their hand at making the Bai people’s Three-Course Tea and also explored the ancient town of Xizhou, where they learned how modern tourism and indigenous life coexist.
In Yunnanyi Village, they explored its history as a stop along the Tea Horse Road and learned about the role it played during the Second World War (WWII).
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“I think it’s a very underappreciated part of World War II history. Hearing these stories of different countries working together despite cultural differences is incredibly inspiring.
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At Xiangyun Economic and Technological Development Zone, they visited a local new energy company to see how green, low-carbon development is driving regional growth.
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“I recently started studying energy transitions. I know China has been really big in the renewable energy sector. So actually getting to hear more about [China’s] 2060 [pledge], learning more about carbon neutrality [goals], as well as other zero-carbon goals, was cool.”
During their stay in Dali, they also strolled along the Erhai Lake Ecological Corridor.
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“I’d describe this journey as “to be continued,” because my own connection with Yunnan is far from over. For the U.S. delegates, this was only their first visit, so they’ve only had a glimpse of what Yunnan has to offer. I hope they will have more opportunities to come back to China, explore other cities in Yunnan, and discover even more of its people, culture and traditions.”
After Dali, the delegates will visit Beijing for more tours and exchanges. The event was co-hosted by China International Communications Group (CICG) Center for the Americas and the U.S.-based International Student Conferences.
https://x.com/beijingreview/status/2080104404552663067?s=46&t=yfVMVdMyE2zKAFrYaLoV-g
https://www.facebook.com/share/v/1EtGCCKzy4/?mibextid=wwXIfr
https://youtu.be/jGONWTqwduc?is=KfL-Zn3HyVYE-KEm
Contact: Jiaweibellapeng@163.com
View original content:https://www.prnewswire.com/news-releases/beijing-review-walking-through-time-china-and-us-youths-explore-dalis-past-and-future-302834587.html
SOURCE Beijing Review
Technology
Hyundai Motor Group Executive Chair Euisun Chung Announces Physical AI Vision at San Francisco AI Summit
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2 hours agoon
July 25, 2026By
Hyundai Motor Group shares roadmap for realizing its Physical AI vision and collaboration strategy with global tech leaders at the San Francisco AI SummitExecutive Chair Euisun Chung presented, “Hyundai Motor Group is evolving beyond the traditional boundaries of automotive manufacturing to become a Physical AI solution company,” adding, “The ultimate Physical AI vision we pursue is the realization of integrated intelligence at the city level”The Group to leverage manufacturing competitiveness and leading robotics capabilities centered on Boston Dynamics, while establishing a data flywheel system connecting real-world operational data with continuous AI model advancementThe Group to leverage strategic partnerships with global technology leaders, including NVIDIA and Waymo, as well as Boston Dynamics’ strategic partnership with Google DeepMindThe Group to collaborate with NVIDIA to develop a Robot Reference Platform that combines Hyundai Motor Group’s and NVIDIA’s Physical AI capabilities
… The initiative to support Korea’s Physical AI industry through an open ecosystem
The Group to cultivate strategic domestic hubs through investments in Saemangeum AI Valley and future advanced industries in Korea’s Yeongnam region
SAN FRANCISCO, July 25, 2026 /PRNewswire/ — Hyundai Motor Group (the Group) Executive Chair Euisun Chung today outlined the Group’s vision and strategy for Physical AI at the San Francisco AI Summit held in San Francisco, California.
The event brought together approximately 150 attendees, including Executive Chair Chung, business leaders from major Korean companies, executives from leading U.S. technology firms, startup representatives and students.
At the summit, Executive Chair Chung presented the Group’s roadmap for advancing Physical AI and outlined strategic collaboration plans with global technology leaders.
“Hyundai Motor Group is evolving beyond the traditional boundaries of automotive manufacturing by expanding into autonomous driving, robotics and AI Defined Factories, accelerating our transformation into a Physical AI solution company.” — Hyundai Motor Group Executive Chair Euisun Chung
Accelerating the Transition to a Physical AI Solution Company
Hyundai Motor Group’s Physical AI vision extends beyond intelligent devices such as vehicles and robots to intelligent spaces, including AI factories where AI seamlessly connects and optimizes entire operations. Ultimately, the Group envisions integrated intelligence at the city level, where urban infrastructure is organically connected and operated through AI.
A key differentiator for the Group is its ability to create a data flywheel that continuously connects real-world operations with AI advancement. Drawing on extensive experience in large-scale manufacturing, mobility, robotics and service operations, the Group is positioned to deploy, refine and scale Physical AI technologies in real industrial environments.
Executive Chair Chung also outlined strategic partnerships with leading technology companies, including NVIDIA and Waymo, as well as Boston Dynamics’ strategic partnership with Google DeepMind, to further advance Physical AI capabilities.
By combining Hyundai Motor Group’s manufacturing competitiveness, mobility and robotics technologies and extensive operational data with the AI infrastructure and algorithm capabilities of global technology leaders, the Group aims to help foster a new innovation ecosystem for the Physical AI era.
Executive Chair Chung also introduced initiatives designed to support the growth of Korea’s robotics and AI ecosystem, including the development of a Robot Reference Platform with NVIDIA that combines Hyundai Motor Group’s and NVIDIA’s Physical AI capabilities, as well as investments in initiatives such as the Saemangeum AI Valley.
Physical AI Vision: From Intelligent Devices to Integrated Intelligence at the City Level
During the summit, Executive Chair Chung presented Hyundai Motor Group’s Physical AI vision.
“The ultimate Physical AI vision Hyundai Motor Group pursues begins with intelligent devices such as vehicles and robots, expands to intelligent spaces such as AI factories, and ultimately realizes integrated intelligence at the city level, where urban infrastructure is seamlessly connected and operated.” — Hyundai Motor Group Executive Chair Chung
The Group’s vision begins with intelligent devices, where AI capabilities enhance vehicles and robots. It then expands to intelligent spaces, including AI factories where AI autonomously integrates logistics, production and quality management across entire operations.
Ultimately, Hyundai Motor Group envisions city-level intelligence, where critical infrastructure and assets — including energy, mobility and robotics systems — are connected and optimized in real time.
Executive Chair Chung also highlighted the Group’s key strengths in realizing its Physical AI vision:
World-class manufacturing competitiveness: Hyundai Motor Group has built extensive expertise through decades of operating global manufacturing facilities, managing quality systems and optimizing supply chains. This foundation enables the Group to apply AI technologies to products, processes and services while rapidly validating and scaling innovations in real-world environments.Leading robotics capabilities: Hyundai Motor Group has established robotics as a key pillar of its future business portfolio. Boston Dynamics’ quadruped robot Spot®, logistics robot Stretch®, and Hyundai Motor Group Robotics LAB’s next-generation mobile robot platform MobED are recognized for combining technological competitiveness with real-world applicability.
In particular, the humanoid robot Atlas® is emerging as a representative example of Physical AI, supporting and collaborating with people across manufacturing, logistics and mobility environments.
Establishing a data flywheel system: Hyundai Motor Group is establishing a data flywheel system that leverages data generated across manufacturing operations, vehicles, logistics systems and robotics demonstrations to continuously advance AI models. Enhanced algorithms are then reapplied to real-world operations, creating a virtuous cycle that improves performance and strengthens Physical AI capabilities.
Accelerating the Future of Physical AI Through Partnerships with Global Tech Leaders
Executive Chair Chung also outlined concrete initiatives to position Hyundai Motor Group as a leader in human-centered Physical AI through strategic collaborations with NVIDIA and Waymo, as well as Boston Dynamics’ strategic partnership with Google DeepMind.
“By combining Hyundai Motor Group’s strengths in manufacturing, robotics and data with the capabilities of global technology leaders, we can help create a new innovation ecosystem for the Physical AI era.” — Hyundai Motor Group Executive Chair Euisun Chung
NVIDIA – Advancing Physical AI infrastructure and talent development
Hyundai Motor Group is expanding collaboration with NVIDIA to strengthen Physical AI infrastructure and cultivate AI talent. Building on a supply agreement for 50,000 NVIDIA Blackwell GPUs and a memorandum of understanding signed last year to advance Korea’s Physical AI capabilities, the Group is pursuing a range of initiatives, including the establishment of Hyundai Motor Group Robot Application Center, as well as various collaborations aimed at strengthening Korea’s Physical AI infrastructure and AI talent ecosystem, including the NVIDIA’s AI Technology Center.
In manufacturing, the Group is leveraging NVIDIA’s platform to create more sophisticated digital twins of production facilities, enhancing process design, operational optimization and validation efficiency. The collaboration also includes the integration of NVIDIA’s autonomous driving solutions, including automotive semiconductors, sensors and architecture, with Hyundai Motor Group vehicle platforms.
Waymo – Strengthening autonomous driving collaboration
Hyundai Motor Group continues to strengthen its strategic partnership with Waymo in the autonomous driving sector to support the development of a safe and innovative autonomous driving ecosystem. Autonomous driving vehicles require a wide range of specialized capabilities, including redundant systems for steering, braking, power and communications, dedicated features such as power-operated doors, as well as enhanced functional safety and cybersecurity technologies.
Hyundai Motor Group plans to produce IONIQ 5 vehicles with specific autonomous-ready modifications at Hyundai Motor Group Metaplant America (HMGMA) in Georgia.
Google DeepMind – Accelerating next-generation humanoid robotics
Boston Dynamics has established a strategic partnership with Google DeepMind to accelerate the development of next-generation humanoid robots. Advanced AI models and training systems are essential for robots to perform complex tasks in real-world environments and collaborate effectively with people. Through this partnership, Boston Dynamics robots are expected to achieve greater autonomy and adapt more effectively to complex operating environments.
Hyundai Motor Group plans to establish a robot production facility in the U.S. with an annual capacity of up to 30,000 units by 2028. The Atlas humanoid robot will first be deployed at production facilities including HMGMA before broader deployment is expanded through phased validation.
Building an Open Ecosystem Through the Robot Reference Platform and Continued Investment in Korea’s Physical AI Future
Executive Chair Chung also outlined initiatives aimed at supporting the growth of Korea’s Physical AI ecosystem through open collaboration and continued investment.
“The outcomes of collaboration with global technology leaders should contribute to the growth of Korea’s Physical AI industry. To that end, Hyundai Motor Group plans to foster an open ecosystem that supports innovation in robotics and AI technologies.” — Hyundai Motor Group Executive Chair Euisun Chung
Key initiatives to build an open ecosystem for robotics and AI innovation include:
Robot Reference Platform: Hyundai Motor Group and NVIDIA are collaborating to develop a Robot Reference Platform that combines Hyundai Motor Group’s and NVIDIA’s Physical AI capabilities.
The platform will provide research robot models to universities, research institutes and startups, helping foster an open ecosystem that supports technological innovation and the development of Physical AI talent while contributing to the broader growth of Korea’s robotics and AI industries.
Supporting universities, research institutes and startups: The Robot Reference Platform is expected to provide universities, research institutes and startups with a standardized hardware and software environment, enabling them to more easily develop and validate Physical AI technologies. The initiative aims to help address challenges faced by organizations with innovative ideas but limited access to commercialization opportunities and validation infrastructure.
Hyundai Motor Group is also continuing large-scale investments aimed at driving the next leap forward in Korea’s industrial and technology ecosystem. Continued investments in Korea’s industrial and technology ecosystem include:
Saemangeum AI Valley: In the Saemangeum region of Jeonbuk State, the Group is developing Saemangeum AI Valley, which includes an approximate KRW 9 trillion investment in AI data centers, robotics manufacturing clusters, electrolyzer plants and AI hydrogen city infrastructure.
In particular, the robotics manufacturing cluster will serve not only as a production base for the Group’s own robotics products, but also as a robotics foundry that provides manufacturing services for small and medium-sized enterprises that lack manufacturing expertise.
Advanced industrial hubs in the Yeongnam region: Hyundai Motor Group plans to invest a total of KRW 42 trillion over the next decade to foster advanced industrial hubs focused on AI-driven manufacturing, future aerospace industries and sustainable energy infrastructure.
Through these initiatives, Hyundai Motor Group aims to strengthen key foundations for the Physical AI era, including data and energy infrastructure, robotics production capabilities and real-world validation capabilities. The Group also expects these investments to contribute to enhanced industrial competitiveness, balanced regional development, job creation and broader economic vitality in Korea.
About Hyundai Motor Group
Hyundai Motor Group is a global enterprise that has created a value chain based on mobility, steel, and construction, as well as logistics, finance, IT, and service. With about 250,000 employees worldwide, the Group’s mobility brands include Hyundai, Kia, and Genesis. Armed with creative thinking, cooperative communication, and the will to take on any challenges, we strive to create a better future for all.
More information about Hyundai Motor Group can be found at: http://www.hyundaimotorgroup.com or Newsroom: Media Hub by Hyundai, Kia Global Newsroom, Genesis Newsroom
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SOURCE Hyundai Motor Company
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