In-Car Entertainment in South Korea

July 2023 | 20 pages | ID: I21F383A180EN
Euromonitor International Ltd

Abstracts

Aftermarket sales of in-car navigation systems are set to continue to see significant declines in retail volume and current value terms in 2023, as these products are being replaced by high-tech built-in navigation systems, as well as smartphones. As car makers aim to appeal to younger consumers, they focus on attractive selling points such as in-car entertainment. For example, in 2023, Hyundai and Kia motor companies launched a new built-in navigation software update to enable passengers to wat...

Euromonitor International's In-Car Entertainment 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.

Product coverage: In-Car Navigation, In-Car Speakers, In-Dash Media Players.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

• Get a detailed picture of the In-Car Entertainment 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.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

Contents

IN-CAR ENTERTAINMENT IN SOUTH KOREA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Built-in systems and smartphones replace in-car entertainment aftermarket sales
“Connected car” accelerates the development of built-in infotainment, negatively impacting aftermarket sales
LG Display introduces an “invisible” speaker, bringing about evolution of in-car speaker design, which will negatively impact in-car speakers
PROSPECTS AND OPPORTUNITIES
In-car entertainment volume sales to constantly decline, replaced by built-in technology and smartphones
Aftermarket platforms will put less focus on in-car entertainment and more on exterior tuning
Launch of 5G connected car data plans may accelerate innovation for built-in car entertainment, negatively impacting aftermarket sales
CATEGORY DATA
Table 1 Sales of In-Car Entertainment by Category: Volume 2018-2023
Table 2 Sales of In-Car Entertainment by Category: Value 2018-2023
Table 3 Sales of In-Car Entertainment by Category: % Volume Growth 2018-2023
Table 4 Sales of In-Car Entertainment by Category: % Value Growth 2018-2023
Table 5 NBO Company Shares of In-Car Entertainment: % Volume 2019-2023
Table 6 LBN Brand Shares of In-Car Entertainment: % Volume 2020-2023
Table 7 Distribution of In-Car Entertainment by Channel: % Volume 2018-2023
Table 8 Forecast Sales of In-Car Entertainment by Category: Volume 2023-2028
Table 9 Forecast Sales of In-Car Entertainment by Category: Value 2023-2028
Table 10 Forecast Sales of In-Car Entertainment by Category: % Volume Growth 2023-2028
Table 11 Forecast Sales of In-Car Entertainment by Category: % Value Growth 2023-2028
CONSUMER ELECTRONICS IN SOUTH KOREA
EXECUTIVE SUMMARY
Consumer electronics in 2023: The big picture
2023 key trends
Competitive landscape
Retailing developments
What next for consumer electronics?
MARKET DATA
Table 12 Sales of Consumer Electronics by Category: Volume 2018-2023
Table 13 Sales of Consumer Electronics by Category: Value 2018-2023
Table 14 Sales of Consumer Electronics by Category: % Volume Growth 2018-2023
Table 15 Sales of Consumer Electronics by Category: % Value Growth 2018-2023
Table 16 NBO Company Shares of Consumer Electronics: % Volume 2019-2023
Table 17 LBN Brand Shares of Consumer Electronics: % Volume 2020-2023
Table 18 Distribution of Consumer Electronics by Channel: % Volume 2018-2023
Table 19 Forecast Sales of Consumer Electronics by Category: Volume 2023-2028
Table 20 Forecast Sales of Consumer Electronics by Category: Value 2023-2028
Table 21 Forecast Sales of Consumer Electronics by Category: % Volume Growth 2023-2028
Table 22 Forecast Sales of Consumer Electronics by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources