The adoption of mobile phone accessory in South Korea will likely exhibit a CAGR of 8.8% through 2033. The mobile phone accessory industry in South Korea is poised to witness significant opportunities with a US$ 3,285.2 million valuation in 2023.
Leveraging digital marketing and e-commerce platforms can help reach a wider audience of consumers looking for phone accessory products. By 2033, the adoption of mobile phone accessory in South Korea is likely to secure US$ 7,614.7 million.
Key Insights - Highlights to Understand Emerging and Fast-growing Opportunities
| Attributes | Details |
|---|---|
| Industry Size of South Korea in 2023 | US$ 3,285.2 million |
| Expected Industry Size of South Korea in 2033 | US$ 7,614.7 million |
| Forecasted CAGR between 2023 to 2033 | 8.8% |
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South Gyeongsang is home to several industrial clusters, including technology and manufacturing hubs. These clusters foster innovation, research, and development in the mobile accessory sector, producing high-quality products.
Increased use of different types of mobile accessory, innovation of different products at lower rates, and the presence of a prominent mobile phone industry are significant factors for industry growth in South Gyeongsang.
The region's major electronics manufacturers and suppliers create a strong demand for mobile phone accessory, such as chargers, cables, and components.
The widespread use of smartphones creates a substantial customer base for mobile accessory in North Jeolla. North Jeolla has several manufacturers producing a range of mobile phone accessory. The local manufacturing ecosystem provides making accessory and component parts opportunities, contributing to the region's economic growth.
North Jeolla is home to various educational institutions and universities. Students and faculty often require mobile accessory, leading to a steady demand for Accessory like phone cases, chargers, and headphones. North Jeolla residents frequently purchase mobile accessory online. This trend stimulates the growth of online retail platforms.
Jeju has a high demand for eco-friendly mobile accessory, such as biodegradable phone cases and sustainable chargers, owing to the strong emphasis on eco-tourism and environmental conservation.
With growing consumer interest in health and wellness in Jeju, the demand for mobile health and fitness tracking accessory, such as fitness bands and smartwatches, has increased.
Jeju is a popular tourist destination, attracting millions of visitors annually. Tourists often purchase mobile accessory, such as phone cases and power banks, as practical items and souvenirs, contributing to industry growth.
Principal Consultant
| Category | Industry Share |
|---|---|
| Portable Speaker by Product Type | 16.3% |
| Retail Outlets by Distribution Channel | 38.6% |
The portable speaker segment accounted for a share of 16.3% in 2023 and is expected to witness significant growth in the near future. Demand for portable speakers has increased as they provide a more immersive and richer sound experience, making them popular among users who enjoy listening to music, watching videos, or playing games on their mobile devices.
Portable speakers are compact and easy to carry. Users can take them anywhere, whether it's a picnic, a beach outing, or a party, and enjoy high-quality audio without bulky equipment. This is propelling the demand for mobile phone accessory in the forecast period.
The retail outlet segment dominated the mobile phone accessory industry and accounted for a 38.6% share of the overall revenue. Increasing demand for costly devices such as smartwatches and mobile camera lenses and perception of issues with delivering fragile items propel the segment's growth.
By shopping from outlets, consumers do not need to wait for the delivery of products. Customers can select their desired mobile accessory in retail outlets, make a purchase, and immediately have the product in hand. The traditional method of shopping and the difference in price in local retail outlets and other wholesale markets are the reasons for the segment growth.
With their extensive expertise, resources, and focus on sustainability, South Korea mobile phone accessory companies are actively contributing to expansion. Some industry participants are concentrating on securing the largest possible market share by introducing the most cutting-edge technology through research & development tactics.
Many big players are also using mergers & acquisitions as a key strategy for expanding their geographical presence and for more business in terms of revenue.
Some of the Key Players in the Mobile Phone Accessory industry in South Korea include
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| Attribute | Details |
|---|---|
| Estimated Industry Size in 2023 | US$ 3,285.2 million |
| Projected Industry Size in 2033 | US$ 7614.7 million |
| Anticipated CAGR between 2023 to 2033 | 8.8% CAGR |
| Historical Analysis of Demand for Mobile Phone Accessory in South Korea | 2018 to 2022 |
| Demand Forecast for Mobile Phone Accessory in South Korea | 2023 to 2033 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Mobile Phone Accessory in South Korea, Insights on Global Players and their Industry Strategy in South Korea, Ecosystem Analysis of Local and Regional South Korean Providers |
| Key Cities Analyzed While Studying Opportunities in Mobile Phone Accessory in South Korea | South Gyeongsang, North Jeolla, South Jeolla, Jeju |
| Key Companies Profiled | Samsung; LG Electronics; Seoul Semiconductors; DBX; Spigen; Gardex |
The estimated valuation of mobile phone accessories in South Korea is US$ 3285.2 million in 2023.
The anticipated CAGR for mobile phone accessories in South Korea through 2033 is 8.8%.
Mobile phone accessories demand in South Korea will be US$ 7614.7 million by 2033.
The portable speakers segment is expected to increase in mobile phone accessories demand.
The Retail Outlets (Multi-Brand Outlets) segment will likely remain a key contributor to mobile phone accessories demand in South Korea
1. Executive Summary
1.1. Korea Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Packaging Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Packaging Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Packaging Type, 2023 to 2033
5.3.1. Blister Packs
5.3.2. Clamshells
5.3.3. Clear View Boxes
5.3.4. Folding Cartons
5.3.5. Pouches & Bags
5.3.6. Trays
5.4. Y-o-Y Growth Trend Analysis By Packaging Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Packaging Type, 2023 to 2033
6. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Price Range
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Price Range, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Price Range, 2023 to 2033
6.3.1. Low
6.3.2. Mid
6.3.3. Premium
6.4. Y-o-Y Growth Trend Analysis By Price Range, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Price Range, 2023 to 2033
7. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Product Type
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2023 to 2033
7.3.1. Batteries
7.3.2. Chargers
7.3.2.1. Wired
7.3.2.2. Wireless
7.3.3. Data Cables
7.3.4. Headsets
7.3.5. Memory Cards
7.3.6. Mount & Stands
7.3.7. Portable Speakers
7.3.8. Power Banks
7.3.9. Protective Cases & Covers
7.3.10. Selfie Sticks
7.4. Y-o-Y Growth Trend Analysis By Product Type, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Product Type, 2023 to 2033
8. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Sales Category
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sales Category, 2018 to 2022
8.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sales Category, 2023 to 2033
8.3.1. 3rd Parties
8.3.2. Brands
8.3.3. White Labels/No Name Brands
8.4. Y-o-Y Growth Trend Analysis By Sales Category, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By Sales Category, 2023 to 2033
9. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
9.1. Introduction / Key Findings
9.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sales Channel, 2018 to 2022
9.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sales Channel, 2023 to 2033
9.3.1. E-commerce
9.3.2. Electronic Stores
9.3.3. Exclusive Stores (Branded Stores)
9.3.4. Franchise Outlets
9.3.5. Retail Outlets (Multi-Brand Outlets)
9.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2018 to 2022
9.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033
10. Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
10.1. Introduction
10.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
10.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
10.3.1. South Gyeongsang
10.3.2. North Jeolla
10.3.3. South Jeolla
10.3.4. Jeju
10.3.5. Rest of Korea
10.4. Market Attractiveness Analysis By Region
11. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Packaging Type
11.2.2. By Price Range
11.2.3. By Product Type
11.2.4. By Sales Category
11.2.5. By Sales Channel
11.3. Market Attractiveness Analysis
11.3.1. By Packaging Type
11.3.2. By Price Range
11.3.3. By Product Type
11.3.4. By Sales Category
11.3.5. By Sales Channel
11.4. Key Takeaways
12. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Packaging Type
12.2.2. By Price Range
12.2.3. By Product Type
12.2.4. By Sales Category
12.2.5. By Sales Channel
12.3. Market Attractiveness Analysis
12.3.1. By Packaging Type
12.3.2. By Price Range
12.3.3. By Product Type
12.3.4. By Sales Category
12.3.5. By Sales Channel
12.4. Key Takeaways
13. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Packaging Type
13.2.2. By Price Range
13.2.3. By Product Type
13.2.4. By Sales Category
13.2.5. By Sales Channel
13.3. Market Attractiveness Analysis
13.3.1. By Packaging Type
13.3.2. By Price Range
13.3.3. By Product Type
13.3.4. By Sales Category
13.3.5. By Sales Channel
13.4. Key Takeaways
14. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Packaging Type
14.2.2. By Price Range
14.2.3. By Product Type
14.2.4. By Sales Category
14.2.5. By Sales Channel
14.3. Market Attractiveness Analysis
14.3.1. By Packaging Type
14.3.2. By Price Range
14.3.3. By Product Type
14.3.4. By Sales Category
14.3.5. By Sales Channel
14.4. Key Takeaways
15. Rest of Korea Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Packaging Type
15.2.2. By Price Range
15.2.3. By Product Type
15.2.4. By Sales Category
15.2.5. By Sales Channel
15.3. Market Attractiveness Analysis
15.3.1. By Packaging Type
15.3.2. By Price Range
15.3.3. By Product Type
15.3.4. By Sales Category
15.3.5. By Sales Channel
15.4. Key Takeaways
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Packaging Type
16.3.3. By Price Range
16.3.4. By Product Type
16.3.5. By Sales Category
16.3.6. By Sales Channel
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. MOBILENET CORPORATION, LTD
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. BLMP Corp.
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Samsung Electronics Co., Ltd.
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Logitech International S.A.
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Harman International Industries, Incorporated
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Plantronics, Inc.
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Sony Corporation
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Apple Inc.
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. GN Group
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Incipio Group
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
17.1.11. Kingston Technology Company Inc.
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
17.1.11.5.2. Product Strategy
17.1.11.5.3. Channel Strategy
17.1.12. Western Digital Corporation
17.1.12.1. Overview
17.1.12.2. Product Portfolio
17.1.12.3. Profitability by Market Segments
17.1.12.4. Sales Footprint
17.1.12.5. Strategy Overview
17.1.12.5.1. Marketing Strategy
17.1.12.5.2. Product Strategy
17.1.12.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Demand and Trend Analysis of Mobile Phone Accessory in Korea
