Press release
South Korea Defense Market Outlook 2021: Big Things are Happening
Defense Market
Click to get South Korea Defense Market Research Sample PDF Copy Here @: https://www.htfmarketreport.com/sample-report/3292282-south-korea-defense-market
South Korea Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026, report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period. The failure of the peace process compels South Korea to enhance its defense expenditure and posture against North Korea. Against this backdrop, the country’s defense budget is expected to experience very high Y-o-Y growth of 3.6% in 2021 and is valued at US$43.7 billion. Over the forecast period, South Korean defense expenditure is anticipated to register robust growth of 5.58% over 2022-2026 and reach US$60.5 billion by 2026. The country’s acquisition budget, which includes research and development (R&D) funding, is also anticipated to register significant growth. It is projected to reach US$19.7 billion in 2026, from US$15.8 billion in 2022.
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Reasons to Buy:
- Determine prospective investment areas based on a detailed trend analysis of the South Korea defense market over the next five years
- Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the South Korea market and identify the opportunities offered.
- Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
- Identify the major threats that are driving the South Korea defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
- Channel resources by focusing on the ongoing programs that are being undertaken by the South Korea government
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