Today: February 9, 2016, 12:29 am

South Korea consumer electronics market: Spending hits $14bn in 2013
South Korea Consumer Electronics Report Q3 2013 - a new market research report on 2014-04-23 13:41:01
We project South Korean consumer electronics spending will grow by about 4.7% in US dollar terms, from US$13.3bn in 2012, to US$14.0bn in 2013, with a moderation in consumer demand expected.

The Korean consumer electronics market is forecast to grow in 2013, despite the mixed trading environment due to high household debt levels. In future, the maturity of many market segments means growth will be driven to a large extent by product innovation, such as new models of smartphones, touchscreen handsets, as well as emerging technologies such as OLED and ultra-HD TV sets. The roll-out of digital TV broadcasting ahead of analogue switch-off in 2013 will help support sales of premium TV sets.

Smartphones, tablets and internet-enabled TV sets were among the main growth areas in 2012, with smart TV set technology a fierce competitive battleground for vendors ahead of a possible product launch by Apple. However, the market remains challenging for many vendors, due to the dominance of domestic giants like Samsung and LG.

Headline Expenditure Projections

- Computer Hardware Sales: US$4.5bn in 2012 to US$4.7bn in 2013, +4.0% in US dollar terms. Growth areas will include demand for mobile form factors such as tablets, as well as Microsoft´s Windows 8 operating system.

- AV Sales: US$2.6bn in 2012 to US$2.7bn in 2013, +2.6% in US dollar terms. TV set product innovation expected to be the most dynamic development.

- Handset Sales: US$6.62bn in 2012 to US$6.6bn in 2013, +5.7% in US dollar terms. Migrations to 4G/ LTE smartphones will drive growth in 2013, despite market saturation.

Click for report details: ..

Browse all Consumer Goods Market Research Reports ..

Browse all Consumer Goods Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 456 Words
Related Articles
More From Finance Announces New Trader Counsel Services
LONDON - Jan. 25, 2016 - British financial news source has announced that it will now be offering the [..] Offers Free Advice For Getting Completely [..]
Everyone has some degree of debt to deal with. Some folks have a lot of it, and they need to [..]
Offshore Processing slashes credit card processing costs [..]
High risk and high volume merchants engaged in unconventional trades, such as Adult Content, Adult Goods, Online Casinos, Online [..]
Real-Estate-Yogi Offers Free Advice to Returning Veterans [..]
Veterans of the United States are returning from active duty and need places to live. It is up to lenders [..]
The Experts at Explain How to [..]
Foreclosures have gone through a decrease over the past decade, but that doesn’t mean they don’t still happen. People who [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.