Television is considered a central source of entertainment and information in South Korea. It plays a crucial role in people's daily lives and is a primary medium for accessing news, dramas, variety shows, sports events, and cultural content. Older adults, typically those aged 50 and above, tend to watch more television. They have grown up with television as a primary source of entertainment and information and continue to rely on it for their viewing preferences. This age group often enjoys dramas, news programmes, variety shows, and documentaries. There is a strong preference for smart TVs over non-smart TVs.
Smart TVs offer advanced features and connectivity options that enhance the viewing experience and provide access to a wide range of content and online services. Smart TVs often receive software updates and firmware upgrades, which introduce new features, improve performance, and enhance the user interface. This ensures that users can enjoy the latest technological advancements and improvements. South Korean television manufacturers have a significant presence in the global export market. Their high-quality products and reputation for technological advancement contribute to their competitiveness. They export televisions to various countries worldwide, further solidifying their position in the global television manufacturing industry.According to the research report "South Korea Television Market Research Report, 2028," published by Actual Market Research, the South Korea Television Market is expected to grow at a CAGR of above 3.58% from 2023 to 2028.
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Many South Korean households have dedicated home theatre setups or entertainment rooms where they can enjoy a cinematic experience. In these setups, larger screens, often ranging from 55 inches to 85 inches or even larger, are preferred to replicate the feeling of being in a movie theatre. Additionally, consumers value high-quality visuals and display technologies. Larger screens allow for better appreciation of picture quality, colour accuracy, and details, particularly in televisions with higher resolutions, such as 4K Ultra HD or even 8K. South Korea has a strong gaming culture, and many individuals enjoy playing video games on their televisions. Larger screens provide a more immersive gaming experience, especially for multiplayer games or those with detailed graphics.
Similarly, larger screens are preferred by sports enthusiasts who want to feel closer to the action during live broadcasts.South Korean manufacturers prioritise innovation and design in their television products. They strive to create sleek and stylish designs that blend seamlessly with modern home interiors. Attention is given to aesthetics, slim form factors, and minimalistic bezels to enhance the viewing experience. Manufacturers have a reputation for producing high-quality products. They adhere to strict manufacturing standards and quality control processes to ensure that their televisions meet international quality and safety certifications. The focus is placed on delivering reliable and durable products to consumers.
Samsung is one of the leading manufacturers of televisions globally. They offer a wide range of TV models, including LED, QLED, and MicroLED displays. Samsung TVs are known for their innovative features, sleek designs, and excellent picture quality. LG is another prominent TV manufacturer from South Korea. They specialise in OLED (organic light-emitting diode) technology and offer a range of OLED TVs known for their superior contrast, deep blacks, and vibrant colours. LG also produces LED and NanoCell TVs, focusing on image quality and immersive viewing experiences.
Sony, TCL, Hisense, Philips, Panasonic, Sharp, Toshiba, and Skyworth brands offer a diverse range of television models, including LED, OLED, QLED, and other display technologies. Catering to the different preferences, budgets, and requirements of consumers in South Korea.South Korea has regulations in place to ensure that televisions meet safety standards and protect consumers. These standards cover aspects such as electrical safety, electromagnetic compatibility, and protection against hazards. Televisions sold in South Korea are required to display labelling information that provides consumers with important details such as energy consumption, display size, resolution, and other relevant specifications. This helps consumers make informed purchasing decisions and compare different TV models. The government has implemented energy efficiency standards for televisions to promote energy conservation and reduce the environmental impact of TV usage.
These standards aim to encourage manufacturers to produce more energy-efficient TVs and help consumers make informed choices based on energy efficiency ratings. The South Korean TV market is highly competitive, with both domestic and international brands vying for market share. This competition puts pressure on manufacturers to continuously innovate, improve product quality, and offer competitive pricing to attract consumers. Consumer preferences and trends in the TV market are constantly evolving. Manufacturers need to stay up-to-date with changing preferences, such as screen sizes, display technologies, and smart features, to meet consumer demands and stay competitive.Considered in this report• Geography: South Korea• Historic year: 2017• Base year: 2022• Estimated year: 2023• Forecast year: 2028Aspects covered in this report• South Korea Television Market with its value and forecast along with its segments• Various drivers and challenges• On-going trends and developments• Top profiled companies• Strategic recommendationType of tv • Smart tv • Non smart tvBy Distribution Channel• Multi branded stores • Supermarket• Brand stores and Other• Online By Screen • Full HD TV• HD TV• 4K UHD TV• 8K TVBy Screen Size• Bellow 32 Inches• 32-45 Inches• 46-55 Inches• 56-65 Inches• 65+ InchesBy End User• Residential • CommercialThe approach of the report:This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market.
The secondary research consists of third-party sources such as press releases, annual reports of companies, and analysing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us. we have started verifying the details obtained from secondary sources. Intended audienceThis report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Frozen Food Market, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.Keywords:South Korea, Smart Tv , binge watch , OLED and QLED Displays, Voice Control, LCD, LED, Online ,Offline ,Residential ,Commercial.?.
Table of Contents
- Table of Contents
- 1. Executive Summary
- 2. Market Structure
- 2.1. Market Considerate
- 2.2. Assumptions
- 2.3. Limitations
- 2.4. Abbreviations
- 2.5. Sources
- 2.6. Definitions
- 2.7. Geography
- 3. Research Methodology
- 3.1. Secondary Research
- 3.2. Primary Data Collection
- 3.3. Market Formation & Validation
- 3.4. Report Writing, Quality Check & Delivery
- 4. South Korea Macro Economic Indicators
- 5. Market Dynamics
- 5.1. Key Findings
- 5.2. Key Developments -
- 20215.3. Market Drivers & Opportunities
- 5.4. Market Restraints & Challenges
- 5.5. Market Trends
- 5.6. Covid-19 Effect
- 5.7. Supply chain Analysis
- 5.8. Policy & Regulatory Framework
- 5.9. Industry Experts Views
- 6. South Korea Television Market Overview
- 6.1. Market Size By Value
- 6.2. Market Size and Forecast By Distribution Channel
- 6.3. Market Size and Forecast By Screen
- 6.4. Market Size and Forecast By Screen Size
- 7. South Korea Television Market Segmentations
- 7.1. South Korea Television Market, By Distribution Channel
- 7.1.1. South Korea Television Market Size, By Multi branded Stores, 2017-
- 20287.1.2. South Korea Television Market Size, By Supermarket, 2017-
- 20287.1.3. South Korea Television Market Size, By Brand Stores & Others, 2017-
- 20287.1.4. South Korea Television Market Size, By Online, 2017-
- 20287.2. South Korea Television Market, By Screen
- 7.2.1. South Korea Television Market Size, By Full HD TV, 2017-
- 20287.2.2. South Korea Television Market Size, By HD TV, 2017-
- 20287.2.3. South Korea Television Market Size, By 4k UHD TV, 2017-
- 20287.2.4. South Korea Television Market Size, By 8k TV, 2017-
- 20287.3. South Korea Television Market, By Screen Size
- 7.3.1. South Korea Television Market Size, By Below 32 Inches, 2017-
- 20287.3.2. South Korea Television Market Size, By 32-45 Inches, 2017-
- 20287.3.3. South Korea Television Market Size, By 46-55 Inches, 2017-
- 20287.3.4. South Korea Television Market Size, By 56-65 Inches, 2017-
- 20287.3.5. South Korea Television Market Size, By 65+ Inches, 2017-
- 20288. South Korea Television Market Opportunity Assessment
- 8.1. By Distribution Channel, 2023 to
- 20288.2. By Screen, 2023 to
- 20288.3. By Screen Size, 2023 to
- 20289. Competitive Landscape
- 9.1. Porter's Five Forces
- 9.2. Company Profile
- 9.2.1. Company
- 19.2.2. Company
- 29.2.3. Company
- 39.2.4. Company
- 49.2.5. Company
- 59.2.6. Company
- 69.2.7. Company
- 79.2.8. Company
- 810. Strategic Recommendations
- 11. Disclaimer
- List of TableTable 1 : Influencing Factors for Global Television Market, 2022
- Table 2: South Korea Television Market Size and Forecast By Distribution Channel (2017, 2022 & 2028F)
- Table 3: South Korea Television Market Size and Forecast By Screen (2017, 2022 & 2028F)
- Table 4: South Korea Television Market Size and Forecast By Screen Size (2017, 2022 & 2028F)
- Table 5: South Korea Television Market Size of Multi branded Stores (2017 to 2028) in USD Billion
- Table 6: South Korea Television Market Size of Supermarket (2017 to 2028) in USD Billion
- Table 7: South Korea Television Market Size of Brand Stores & Others (2017 to 2028) in USD Billion
- Table 8: South Korea Television Market Size of Online (2017 to 2028) in USD Billion
- Table 9: South Korea Television Market Size of Full HD TV (2017 to 2028) in USD Billion
- Table 10: South Korea Television Market Size of HD TV (2017 to 2028) in USD Billion
- Table 11: South Korea Television Market Size of 4k UHD TV (2017 to 2028) in USD Billion
- Table 12: South Korea Television Market Size of 8k TV (2017 to 2028) in USD Billion
- Table 13: South Korea Television Market Size of Below 32 Inches (2017 to 2028) in USD Billion
- Table 14: South Korea Television Market Size of 32-45 Inches (2017 to 2028) in USD Billion
- Table 15: South Korea Television Market Size of 46-55 Inches (2017 to 2028) in USD Billion
- Table 16: South Korea Television Market Size of 56-65 Inches (2017 to 2028) in USD Billion
- Table 17: South Korea Television Market Size of 65+ Inches (2017 to 2028) in USD Billion
- List of Figures
- Figure 1: South Korea Television Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
- Figure 2: Market Attractiveness Index, By Distribution Channel
- Figure 3: Market Attractiveness Index, By Screen
- Figure 4: Market Attractiveness Index, By Screen Size
- Figure 5: Porter's Five Forces of South Korea Television Market
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