Press release
South Korea Aerospace & Defense Market Size, Growth, Key Players, Latest Trends and Forecast 2025-2033
Market Overview
The South Korea aerospace & defense market size reached USD 15.59 Billion in 2024. Looking forward, the market is expected to reach USD 28.20 Billion by 2033, exhibiting a growth rate (CAGR) of 6.10% during 2025-2033.
STUDY ASSUMPTION YEARS
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: USD 15.59 Billion
Market Forecast in 2033: USD 28.20 Billion
Market Growth Rate (2025-2033): 6.10%
Key Market Highlights:
• Strong growth driven by rising defence budgets, modernisation of military forces and increased investment in space and aerospace capabilities.
• Emphasis on indigenous manufacturing and domestic supply chains for aircraft, UAVs, missiles and defence electronics.
• Growing importance of space exploration, satellite systems and unmanned platforms in the national strategy.
• Increasing demand for advanced technologies including AI, autonomous systems, cybersecurity and next-generation materials in defence systems.
• Ongoing strategic partnerships and exports expansion, positioning the country for deeper integration into global aerospace & defence supply chains.
• Geopolitical tensions and regional security concerns (e.g., on the Korean peninsula) stimulating acceleration of aerospace & defence procurement.
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Trends in South Korea's Aerospace & Defense Market
The South Korea aerospace & defense market is witnessing several transformative trends. One of the most significant is the increasing integration of artificial intelligence (AI), autonomous systems and data-driven defence capabilities within aerospace platforms, enabling enhanced situational awareness, mission flexibility and reduced human burden. In parallel, there is a marked shift toward domestic manufacturing of high-value defence assets (fighter jets, missile systems, unmanned aerial vehicles) to reduce dependence on imports and improve strategic autonomy.
Also notable is the expansion of the country's space ambitions-satellite launches, indigenous rockets and space-based systems are now forming a bigger part of the defence-aerospace nexus. These trends collectively indicate a dynamic and evolving aerospace & defence landscape in South Korea, positioning the market for sustained growth in the coming years.
Market Dynamics
1. Expanding Defence Modernisation Programmes
The South Korea aerospace & defense market is experiencing upward momentum driven by ongoing modernisation programmes across the Army, Navy and Air Force. Defence procurement is increasingly favouring next-generation fighter aircraft, UAVs/unmanned systems, missile defence systems and space assets. This macro environment supports strong market expansion.
2. Geopolitical and Security Imperatives
Regional tensions and evolving security threats are reinforcing the country's commitment to strengthen aerospace & defence capabilities. The need to counter missile threats, bolster surveillance/ISR platforms and maintain technological edge all contribute to increased investment and market demand.
3. Technology & Industrial Transformation
South Korea is enhancing its aerospace & defense industrial base - focusing on advanced materials, composite manufacturing, AI/autonomous platforms, space technologies and domestic supply-chain development. This industrial transformation supports market growth while improving export readiness and global competitiveness.
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Market Segmentation
Break-up by Industry:
• Manufacturing, Design & Engineering
• Maintenance, Repair & Overhaul
Break-up by Type:
• Aerospace
• Space
• Civil Aviation
Break-up by Defence Segment:
• Army
• Navy
• Air Force
• Break-up by Region:
• Seoul Capital Area
• Yeongnam (Southeastern Region)
• Honam (Southwestern Region)
• Hoseo (Central Region)
• Others
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Competitive Landscape
The market research offers an in-depth analysis of the competitive landscape, covering market structure, key player positioning, winning strategies, competitive dashboards and company evaluation quadrants. Detailed profiles of all major companies are included. Major players operating in the South Korea aerospace & defence market include Korea Aerospace Industries, Ltd. (KAI), Hanwha Aerospace, LIG Nex1 Co., Ltd., Hyundai Rotem Company and other significant domestic and international firms engaged via partnerships or joint ventures.
Key Highlights of the Report
1. Market Performance (2019-2024)
2. Market Outlook (2025-2033)
3. COVID-19 Impact on the Market
4. Porter's Five Forces Analysis
5. Strategic Recommendations
6. Historical, Current and Future Market Trends
7. Market Drivers and Success Factors
8. SWOT Analysis
9. Structure of the Market
10. Value Chain Analysis
11. Comprehensive Mapping of the Competitive Landscape
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-201971-6302
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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