South Korea AV Cables for Residential Market Growth Outlook 2030: Volume Trends & Strategic Insights
South Korea AV Cables for Residential Market Size & Insights
The South Korea AV Cables for Residential Market size was valued at around USD 29.29 million in 2024 and is projected to reach USD 32.34 million by 2030 . Along with this, the market is estimated to grow at a CAGR of around 2.43% during the forecast period, ie, 2025-30.
The South Korea AV Cables for Residential Market is significantly growing due to several growth factors, including the rapidly growing gaming industry, the rising demand for electronic devices, including TVs, smartphones, monitors, wearables, etc., the infrastructural development & expansion of production facilities, and the integration of artificial intelligence in South Korea AV Cables for Residential.
What are the Key DROs in the South Korea AV Cables for Residential Market?
Adoption of Smart Home Technology – The integration of smart technology in home appliances is evolving the residential sector of South Korea. It is observed due to the increasing adoption of electronic devices, digitalization of the sectors, growing high-speed internet services, advancements in technology, government support, etc.
The increasing integration of technologies like AI, Cloud, Industrial Internet of Things (IIoT) in home appliances like refrigerators, dishwashers, televisions, gaming consoles, smart security systems, etc., has led to an increase in the need for AV cables for the efficient functionality of these smart home appliances. The electronic service providers like Samsung, LG, Coway, and others have initiated the AI and IIoT-powered appliances and services, leading to a rise in the sale of these devices. In mid-2023, Samsung launched its wide range of AI-driven home appliances and rolled out the SmartThings Pro platform, leading to a spike of around 16.2% in 2024 from the previous year, accounting for over USD221 million, with South Korea contributing around 15-20% in the sales. Similarly, other manufacturers noted a surge in revenue amid the integration of advanced technologies in home appliances; thus, the increasing sales raise the consumption of AV cables in the residential sector of South Korea.
What are the Key Segments in the South Korea AV Cables for Residential Market?
The South Korea AV Cables for Residential is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
-By Product Type
- HDMI Cables – Market Size & Forecast 2025-2030, USD Million & Million Units
- RCA Cables – Market Size & Forecast 2025-2030, USD Million & Million Units
- Optical (Toslink) Cables – Market Size & Forecast 2025-2030, USD Million & Million Units
- Coaxial Cables – Market Size & Forecast 2025-2030, USD Million & Million Units
- Component Video Cables – Market Size & Forecast 2025-2030, USD Million & Million Units
- DisplayPort Cables – Market Size & Forecast 2025-2030, USD Million & Million Units
- USB-C AV Cables – Market Size & Forecast 2025-2030, USD Million & Million Units
- SCART Cables – Market Size & Forecast 2025-2030, USD Million & Million Units
- Composite Video Cables – Market Size & Forecast 2025-2030, USD Million & Million Units
- Fiber Optic AV Cables – Market Size & Forecast 2025-2030, USD Million & Million Units
- Others (VGA, S-Video, etc.) – Market Size & Forecast 2025-2030, USD Million & Million Units
-By Distribution Channel
- Retail Offline – Market Size & Forecast 2025-2030, USD Million & Million Units
- Retail E-Commerce – Market Size & Forecast 2025-2030, USD Million & Million Units
-By End-User
- Individual– Market Size & Forecast 2025-2030, USD Million & Million Units
- Commercial (Apartment Complexes, Residential Developers) – Market Size & Forecast 2025-2030, USD Million & Million Units
- Others – Market Size & Forecast 2025-2030, USD Million & Million Units
-By Application
- Television & Home Theater Systems
- Audio Systems & Soundbars
- Gaming Consoles
- Computers & Laptops
- Streaming Devices
- Others (Projectors, Set-Top Boxes, etc.)
Based on application, the television and home theater systems hold the largest market share, around 33%. This market share is due to the increasing penetration of the Internet Protocol Television (IPTV), growing utility of streaming devices, high consumption of OTT platforms, emerging gaming industry, and others.
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-By Packaging Type
- Single Cable Packaging
- Multi-Packaging
- Bulk Packaging
- Others
The single cable packaging holds the largest market share of about 52%. This is due to the utility & need of the consumer, customized needs & preferences, rapid innovations & technological changes, adaptability, flexibility, etc.
Who are the Key Players in South Korea AV Cables for Residential Market?
- Samsung Electronics Co., Ltd.
- LG Electronics Inc.
- LS Cable & System Ltd.
- Kumho Electric Co., Ltd.
- Belkin International (South Korea)
- Monoprice (South Korea)
- Sony Korea
- Panasonic Korea
- Tripp Lite (Eaton)
- Others
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South Korea AV Cables for Residential Market News
2024: LS Cable & System Ltd. completed the divestment of its US division to Gaon Cable and announced a strategic shift to focus on producing high-voltage and data center cables, which are essential for large-scale infrastructure and technology projects, particularly in the growing global digital and energy sectors.
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