With production value of USD3.3 billion, South Korea accounts for 5.8% of the Asia Pacific total in 2024. The industry’s exports share decreases in 2024 to 24.5% of total production output. The industry’s profitability decreases and stands at 3.8% of production value in 2024, the 18th highest regionally. The costs of the industry increase by 4.2% in 2024, largely driven by rising B2B costs. The total number of companies decreases in 2024, to 1,897 units. The industry is fragmented, with the top four companies generating 18.9% of total production value in 2024. Mntech Co Ltd is the largest company in South Korea, generating 6.7% of the industry’s total production value in 2024. South Korea has the third largest market size for optical instruments and photographic equipment regionally, with demand reaching USD7.6 billion in 2024. B2B drives market demand, with B2B spending representing 66.5% of total demand in 2024. The market is dominated by foreign suppliers, as imports account for 63.7% of total market size in 2024.
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Overview:
This Euromonitor industrial report provides unique information on Optical Instruments and Photographic Equipment in South Korea: ISIC 332. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Optical Instruments and Photographic Equipment in South Korea: ISIC 332 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Hi-tech Goods in South Korea report includes:
- Five year forecasts on industry’s historic trends and growth
- Insights on key factors shaping industry’s historic and future performance
- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
This report answers:
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- How profitable is the industry?
- Is industry’s competitive landscape concentrated or fragmented?
Optical Instruments and Photographic Equipment in South Korea: ISIC 332
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MARKET OVERVIEW
Hi-tech Goods
This is the aggregation of electricity generation, distribution and storage equipment, computers, office machinery and communications equipment, and medical and precision equipment.
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