Future of the South Korean Defense Industry Analysis, Demand Drivers, Over the Forecast Period

This research study added to the broad database of Market Research Hub (MRH) focusing on the South Korean Defense Industry delivers an in-depth outlook to present information about executive summary and key performance indicators. Furthermore, readers can gather knowledge about the economic status, demographics and competitive landscape which is prevailing in the concerned industry during the review period, 2017-2022. Overall, the purpose of this assessment is to present a clear picture highlighting the transformations expected to occur in the South Korean Defense Industry driven by major trends and opportunities. 

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Future of the South Korean Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2024

Summary
"Future of the South Korean Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2024", published by GlobalData, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

This report offers detailed analysis of the South Korean defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following - 
- The South Korean defense industry market size and drivers: detailed analysis of the South Korean defense industry during 2020-2024, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the countrys expenditure and modernization patterns
- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to the army, navy, and air force. It also details the key challenges faced by defense market participants within the country
- Porters Five Force analysis of the South Korean defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry
- Import and Export Dynamics: analysis of prevalent trends in the countrys imports and exports over the last five years
- Market opportunities: details of the top five defense investment opportunities over the next 10 years
- Competitive landscape and strategic insights: analysis of the competitive landscape of the South Korean defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

Scope
- South Koreas defense expenditure as a percentage of its GDP is anticipated to increase to an average of 2.6% over the forecast period. The South Korean defense budget, which stands at about US$42.4 billion in 2019.
- Between 2015 and 2019, the countrys capital expenditure allocation stood at an average of 30.6% of the total defense budget, and is expected to increase slightly to an average of 32.4% over the forecast period. Overall, South Korea is projected to spend a total of US$82.6 billion on the acquisition of military hardware between 2020 and 2024.
- The MoD is expected to invest in Light armed helicopter, Sea-Bow naval missile intercept system, PAC-3 missile defense sysem, KSS-3 submarine, Peace Eye early warning aircraft (AEWC) and P-8A Poseidon maritime patrol aircraft.

Reasons to buy
- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the South Korean defense industry market trends for the coming five years
- The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
- Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector
- A deep qualitative analysis of the South Korean defense industry covering sections including demand drivers, Porters Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts.

Browse Full Report with TOC: https://www.marketresearchhub.com/report/future-of-the-south-korean-defense-industry-market-attractiveness-competitive-landscape-and-forecasts-to-2024-report.html

Table of Contents
1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About GlobalData
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Scenario
3.1.1. Primary Threat Perception
3.1.2. Military Doctrine and Strategy
3.1.3. Military Fleet Size
3.1.4. Procurement Programs
3.1.5. Ongoing procurement programs
3.1.6. Future procurement programs
3.1.7. Top Procurement Programs By Value (US$ Million) 2019-2024
3.1.8. Social, Political and Economic Environment and Support for Defense Projects
3.1.9. Political and Strategic Alliances
3.2. Defense Market Size Historical and Forecast
3.2.1. South Korean defense expenditure expected to grow significantly over the forecast period
3.2.2. Nuclear threats from North Korea, acquisition of new technology, and reduction in reliance on imports set to drive defense expenditure
3.2.3. Military expenditure as a percentage of GDP is expected to remain at the same level over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Capital expenditure share to increase over the next five years
3.3.2. Capital expenditure is anticipated to grow at a CAGR of 6.19% over the forecast period
3.3.3. Per capita defense expenditure expected to increase over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Homeland security (HLS) expenditure expected to grow steadily over the forecast period
3.4.2. The majority of terror threats are from North Korea
3.5. Benchmarking with Key Global Markets
3.5.1. South Korean defense expenditure expected to remain modest compared to leading spenders
3.5.2. South Koreas military expenditure is limited compared to leading countries worldwide
3.5.3. South Korea allocates a significant percentage of GDP towards defense
3.6. Market Opportunities: Key Trends and Growth Stimulators

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