Electronics market in South Korea
Market development
eCommerce revenue development in the Smartphone Devices market in South Korea
The South Korean Smartphone Devices eCommerce market is predicted to reach US$8,469.8 million by 2024 and accounts for 97.6% of the Smartphones eCommerce market in South Korea. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 3.8%, resulting in a projected market volume of US$9,822.1 million by 2028. The Smartphone Devices eCommerce market is a sub-market of the Smartphones market. Further categories within the Smartphones market are: Cases & Accessories.
eCommerce revenue development in the Smartphone Devices market in South Korea
eCommerce revenue growth in the Smartphone Devices market in South Korea
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | |
|---|---|---|---|---|---|---|---|---|
| Revenue (in mUS$) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Growth (in %) | 8.7 | 1.1 | 63.1 | 49.0 | 52.1 | 7.1 | 83.8 | 18.7 |
Market definition
Definition of the Smartphone Devices market within the Electronics market
Market definition: Electronics > Consumer Electronics > Telecommunications > Smartphones > Smartphone Devices The category Smartphone Devices includes the online trade of smartphone devices (e.g. iphone, samsung galaxy, xiaomi redmi) and refurbished and pre-owned phones. This category does not cover smartphone cases and accessories (e.g. phone cases and covers, screen protectors) and phones (e.g. landline phones, cordless phones, fritz phones). All monetary figures refer to the annual gross revenue and do not factor in shipping costs.
In-scope
- Smartphone devices (e.g. iPhone, Samsung Galaxy, Xiaomi Redmi)
- Refurbished and pre-owned phones
Out-of-scope
- Smartphone cases and accessories (e.g. phone cases and covers, screen protectors)
- Phones (e.g. landline phones, cordless phones, fritz phones)
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