2014-03-24 07:23:01 - South Korea Consumer Electronics Report Q4 2013 - a new market research report on companiesandmarkets.com
We project South Korean consumer electronics spending will grow by about 5.4% in US dollar terms, from US$13.0bn in 2012, to US$13.7bn in 2013. The Korean consumer electronics market is forecast to grow in 2013, despite the mixed trading environment due to high household debt levels acting as a constraint on consumer spending. In terms of market dynamics, the maturity of the market, with high penetration rates in most device categories, means growth will be driven to a large extent by product innovation.
New models of smartphones offering LTE, or the popular phablet category, are expected to fare well; while tablets, convertibles/hybrids and emerging technologies such as OLED and ultra-HD TV sets also offer medium-term growth potential.
Headline Expenditure Projections
- Computer Hardware
Sales: US$4.2bn in 2012 to US$4.4bn in 2013, +6.1% in US dollar terms. A booming tablet market and indications of growing consumer demand for hybrids and ultra-thin notebooks utilising Windows 8 and Intel´s Haswell chipsets will sustain growth in market value.
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