South Korea Smartphone Market Insights Forecasts to 2033

• The South Korea Smartphone Market Size was valued at USD 9.19 Billion in 2023.
• The Market is growing at a CAGR of 8.09% from 2023 to 2033
• The South Korea Smartphone Market Size is Expected to Reach USD 20.01 Billion by 2033

The South Korea Smartphone Market Size is Anticipated to Exceed USD 20.01 Billion by 2033, Growing at a CAGR of 8.09% from 2023 to 2033.

Market Overview

A smartphone is a cellular phone with the functionality of a computer; it allows individuals to access the internet, and make calls and can include a camera or other features, depending on its configuration. Smartphones typically come equipped with a display screen, camera, internet access, and many other features, such as GPS capabilities, playing music, and the ability to install third-party applications, commonly referred to as apps. Smartphones work on the operating systems of Android, iOS, and Windows. From all these, it is possible to find the maximum range of applications available across a significant field-slash area such as the production side, games, social media, and entertainment. Some of the latest models of smartphones can connect with laptops, tablets, and wearable devices for data sharing, etc. 5G is a buzz feature in mobile handsets at the present time, and this is specifically prevalent across South Korea. The 5G capability is going to replace the current set of handsets in the next five years. This will happen because of its ease of transition towards integrated services like cloud storage, content subscription, and access to a high-speed network.

Report Coverage

This research report categorizes the market for South Korea smartphone market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea smartphone market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea smartphone market.

Driving Factors

The human-system interaction phenomenon is currently dominating the technology market all over the country in the current era. Hence, mobile phone manufacturers and suppliers can benefit from the trends. Mobile phone connectivity finds its application in automobiles, fleet management operations, healthcare devices, smart metering, personnel traffic, and infrastructure security systems connectivity, among many others. Mobile sensors have opened new dimensions in human-computer interaction that boost demand.

Restraining Factors

Applications of counterfeit sensors in creating counterfeit face recognition, and fingerprints will also halt the growth of the market.

Market Segment

The South Korea smartphone market share is classified into operating systems and distribution channels.

• The android segment is expected to hold the largest market share through the forecast period.

The South Korea smartphone market is segmented by operating system into Android, IOS, windows, and others. Among these, the Android segment is expected to hold the largest market share through the forecast period. This is attributed to the Android OS developed by Google LLC. It is being used in almost every handset except Apple products and a few others. It provides an easily customizable user interface, affordable continuous development, and an open ecosystem. That results in the highest shares in the market.

• The e-commerce segment is expected to hold the largest market share through the forecast period.

The South Korea smartphone market is segmented by distribution channel into OEM stores, retailers, and e-commerce. Among these, the e-commerce segment is expected to hold the largest market share through the forecast period. A boost in the growth of E-commerce is attributed to the work-from-home concept and augmented online buying facilities.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea smartphone market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Apple Inc.
• SAMSUNG
• Oppo
• Huawei Device Co., Ltd.
• OnePlus
• Sony Group Corporation
• Xiaomi
• HTC Corporation
• Google LLC
• ZTE Corporation
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In August 2024, LG Electronics launched its latest smartphone, the LG G2, in South Korea, featuring a 5.2-inch display, Snapdragon 800 processor, and advanced camera capabilities, aiming to compete with Samsung and Apple.

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the South Korea smartphone market based on the below-mentioned segments

South Korea Smartphone Market, By Operating System

• Android
• iOS
• Windows
• Others

South Korea Smartphone Market, By Distribution Channel

• OEMs Stores
• Retailer
• E-commerce