South Korea Aerospace and Defense Market Summary, Competitive Analysis and Forecast to 2027
Summary
Aerospace & Defense in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
The market size of military aerospace and defense market includes the sum of the revenues generated from signed deals that remain under contract and new contracts signed within a particular calendar year.
The South Korean aerospace & defense market had total revenues of $4.9 billion in 2022, representing a negative compound annual growth rate (CAGR) of 16.4% between 2017 and 2022.
The systems & ordnance segment accounted for the market's largest proportion in 2022, with total revenues of $2.5 billion, equivalent to 51.1% of the market's overall value.
The expanding threats from North Korea are boosting South Korea’s defense spending. According to in-house research, the nation's defense spending reached $48.3 billion in 2022, witnessing an annual growth of 10.5%.
Scope
Save time carrying out entry-level research by identifying the size, growth, and leading players in the aerospace & defense market in South Korea
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the aerospace & defense market in South Korea
Leading company profiles reveal details of key aerospace & defense market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the South Korea aerospace & defense market with five year forecasts
Reasons to Buy
What was the size of the South Korea aerospace & defense market by value in 2022?
What will be the size of the South Korea aerospace & defense market in 2027?
What factors are affecting the strength of competition in the South Korea aerospace & defense market?
How has the market performed over the last five years?
How large is South Korea’s aerospace & defense market in relation to its regional counterparts?
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the most notable recent deals in this market?
8 Company Profiles
8.1. Korea Aerospace Industries Ltd
8.2. Northrop Grumman Corporation
8.3. Hanwha Techwin Co Ltd
8.4. Lockheed Martin Corp
8.5. Hanjin Heavy Industries & Construction Co., Ltd.
8.6. The Boeing Company
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: South Korea aerospace & defense sector value: $ million, 2017-22
Table 2: South Korea aerospace & defense sector category segmentation: $ million, 2022
Table 3: South Korea aerospace & defense sector geography segmentation: $ million, 2022
Table 4: South Korea aerospace & defense sector value forecast: $ million, 2022-27
Table 5: Korea Aerospace Industries Ltd: key facts
Table 6: Korea Aerospace Industries Ltd: Annual Financial Ratios
Table 7: Korea Aerospace Industries Ltd: Key Employees