South Korea Consumer Electronics Report

 Published On: Aug, 2016 |    No of Pages: 64 |  Published By: BMI Consumer Electronics | Format: PDF
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BMI View: South Korea's devices market is lucrative, but is characterised as low-growth - where an affluent and tech hungry consumer base supports high average selling prices and relatively short replacement rates. However, most growth opportunities are severely depleted due to high penetration rates. The rate of diffusion for new products resulted in a sharp drop off in smartphone, table and flat-panel TV set volumes throughout 2013-2016, and so the market contracted. However, as volumes settle around the replacement rate in the medium term, we forecast a much more stable devices market, with spending expected to increase at a CAGR of 2.0% throughout 2016-2020.

Latest Updates And Industry Developments
-Computer Hardware Sales: USD8.5bn in 2016 to USD9.4bn in 2020, a CAGR of 2.6%. Hybrid notebooks faring well, but tablets that have much weaker differentiation from smartphones are facing cannibalisation by the popularity of phablets in South Korea, which would be a drag on segment growth.
-AV Sales: USD2.9bn in 2016 to USD3.2bn in 2020, a CAGR of 2.3%. UHD upgrades are boosting the AV market, a welcome trend after multiyear decline in the wake of the initial flat-panel upgrade boom.
-Handset Sales: USD6.0bn in 2016 to USD6.2bn in 2020, a CAGR of 0.9%. Most upgrade triggers diminished with ownership of phablets and 4G handsets already widespread, which means there is a weak growth outlook for the handset segment, though mass market adoption of complementary (rather than handset cannibalising) wearables could boost the outlook.

BMI Industry View ... 7
Latest Updates And Industry Developments 7
SWOT ...... 9
Industry Forecast .. 11
Latest Updates 11
Structural Trends ..... 11
Table: Consumer Electronics Overview (South Korea 2014-2020) 15
Consumer Electronics Risk/Reward Index ...... 16
Industry Risk/Reward Index .. 16
Table: Asia-Pacific CE Risk/Reward Index, Q4 2016 . . 19
Market Overview ... 20
Computers ..... 20
Table: PC Sales (South Korea 2014-2020) . 20
AV ....... 25
Table: AV Sales (South Korea 2014-2020) . 25
Mobile Handsets ...... 30
Table: Mobile Communications (South Korea 2014-2020) . . 30
Industry Trends And Developments ........ 36
Electronics Trade ..... 36
Table: Developed APAC Consumer Electronics (CE) Trade, 2010-2015 36
Table: Developed APAC Consumer Electronics (CE) Trade, 2010-2015 37
Operational Risk And Government Policy 38
Industry Breakdown .. 39
Table: Consumer Electronics Industry Performance, 2009-2014 . . 41
Regulatory Development ........ 43
Table: Regulatory Authorities . . 43
Competitive Landscape . 48
South Korea Consumer Electronics Companies .. 48
Consumer Electronics Vendors - APAC, 2015 .... 52
Table: Computer Hardware . . . . 52
Table: TV Sets . 53
Table: Mobile Handsets . . . 53
E-Commerce .. 54
Demographic Forecast .. 55
Demographic Outlook 55
Table: Population Headline Indicators (South Korea 1990-2025) . 56
Table: Key Population Ratios (South Korea 1990-2025) . . . . 56
Table: Urban/Rural Population & Life Expectancy (South Korea 1990-2025) 57
Table: Population By Age Group (South Korea 1990-2025) . 57
Table: Population By Age Group % (South Korea 1990-2025) . . . . 58
Methodology . 60
Industry Forecast Methodology .... 60
Sector-Specific Methodology ........ 61
Sources 61
Risk/Reward Index Methodology ... 62
Sector-Specific Methodology ........ 63
Table: Consumer Electronics Risk/Reward Index Indicators 63
Table: Weighting Of Indicators . 64
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