The Korea Trade-Investment Promotion Agency (KOTRA) analyzed that the rapid growth of the artificial intelligence (AI) market could provide new export opportunities for Korean corporations. KOTRA presented tailored promising export fields for each country's AI ecosystem.
KOTRA noted on the 30th that it has published a report titled "The Rise of the AI Market: A New Chapter of Export Opportunities" in collaboration with the Ministry of Trade, Industry and Energy, analyzing the current status of the global AI market and exploring export opportunities for Korean corporations.
In the report, KOTRA categorized the AI ecosystem into four areas: ▲ technology and infrastructure (1st) ▲ efficiency enhancement (2nd) ▲ service enhancement (3rd) ▲ industrial innovation (4th). In the technology and infrastructure (1st) ecosystem, it highlighted the data center equipment market, including cooling systems, power management devices, and high-performance servers in Malaysia and Thailand. It also presented export opportunities for high-voltage cables and wire equipment due to Germany's renewable energy expansion policies.
In the efficiency enhancement (2nd) ecosystem, KOTRA projected that the demand surge for industrial robots in the United States, Germany, China, and Japan would increase export opportunities for robotic automation equipment. It also noted the rapid growth of the AI-based automation software market due to increased demand for business automation in Belgium and Singapore across finance, manufacturing, and logistics sectors.
In the service enhancement (3rd) ecosystem, KOTRA analyzed that the active adoption of AI medical systems in the United Kingdom presents significant export potential for medical AI solutions. In Japan and Singapore, the surging demand for AI-based financial services is creating greater opportunities for the deployment of financial AI solutions in areas like investment analysis and risk management.
In the industrial innovation (4th) ecosystem, KOTRA analyzed that Germany is leading the establishment of intelligent transportation systems, resulting in increased demand for AI-based traffic control and smart parking. It also projected promising export opportunities for charging infrastructure-related equipment due to the accelerated development of electric vehicle infrastructure in Thailand.
Lee Ji-hyung, head of KOTRA's Economic and Trade Cooperation Division, said, "Our corporations already have global competitiveness in hardware areas such as semiconductors and batteries, so there is a very high likelihood of success in the AI market."