The market for wearable electronics in South Korea will register an improved performance in 2024, following the sharp decline in sales volumes seen in 2023. The latter was largely due to economic uncertainties, which discouraged consumers from investing in new technology. Additionally, the replacement cycle for wearable electronics tends to be relatively long, as these devices are not considered essential and are replaced less frequently compared to smartphones. However, with an increase in spen...
Euromonitor International's Wearable Electronics in South Korea report offers a comprehensive guide to the size and shape of the in-home, portable and in-car consumer electronics products markets at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market- be they new product developments, distribution or pricing issues. Forecasts illustrate how the market is set to change.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Wearable Electronics market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Wearable Electronics in South Korea
Euromonitor International
July 2024
List Of Contents And Tables
WEARABLE ELECTRONICS IN SOUTH KOREA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Renewed interest in affordable wearable electronics
Growing levels of health awareness drive interest in fitness-oriented wearables, although sensor accuracy remains an issue
Xiaomi continue to lead sales
PROSPECTS AND OPPORTUNITIES
Players will need to overcoming long replacement cycles through continuous innovation
Emergence of new, cutting-edge wearable devices
Preference for customised, portable models over premium features
CATEGORY DATA
Table 1 Sales of Wearable Electronics by Category: Volume 2019-2024
Table 2 Sales of Wearable Electronics by Category: Value 2019-2024
Table 3 Sales of Wearable Electronics by Category: % Volume Growth 2019-2024
Table 4 Sales of Wearable Electronics by Category: % Value Growth 2019-2024
Table 5 NBO Company Shares of Wearable Electronics: % Volume 2020-2024