Defense Spending in South Korea

Defense Spending in South Korea

Summary

Defense Spending in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2015-19, and forecast to 2024). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

- Defense spending covers capital items, military personnel, government defense agencies, and related expenditure on defense and peacekeeping. The value of the market is taken to include both current and capital expenditure on the armed forces, including funding contributions to peacekeeping forces, such as the United Nations Peacekeeping Forces, defense ministries and other government agencies engaged in defense projects, paramilitary forces (when judged to be trained and equipped for military operations) and military space activities. Expenditure on personnel (including salaries and social services of both military and civil personnel, and retirement pensions of military personnel), procurement, research and development, infrastructure spending, military aid (taken as expenditure by the donor country) and general operations and maintenance are also included. Note that current expenditure on previous military activity such as veterans benefits, weapon destruction, demobilization, and defense conversion are all excluded, as is expenditure on civil defense.
- The South Korean defense spending market had a total budget allocation of $43,890.2m in 2019, representing a compound annual growth rate (CAGR) of 5.5% between 2015 and 2019.
- Market volumes declined with a compound annual rate of change (CARC) of -1% between 2015 and 2019, to reach a total of 610,666 active serving personnel in 2019.
- South Koreas Ministry of National Defense (MND) said at the end of 2017 that an increased budget was directly linked to growing threats from North Korea.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the defense spending market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the defense spending market in South Korea
- Leading company profiles reveal details of key defense spending market players global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea defense spending market with five year forecasts by both value and volume

Reasons to Buy

- What was the size of the South Korea defense spending market by value in 2019?
- What will be the size of the South Korea defense spending market in 2024?
- What factors are affecting the strength of competition in the South Korea defense spending market?
- How has the market performed over the last five years?
- What are the main segments that make up South Koreas defense spending market?

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive Landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume 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 was the rationale behind recent partnerships/alliances?
7.4. Have there been any significant contract wins in recent years?
8 Company Profiles
8.1. Hyundai Rotem Co
8.2. LIG Nex1 Co Ltd
8.3. Korea Aerospace Industries Ltd
8.4. Hanwha Techwin Co Ltd
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 defense spending market value: $ million, 2015-19
Table 2: South Korea defense spending market volume: active serving personnel, 2015-19
Table 3: South Korea defense spending market category segmentation: $ million, 2019
Table 4: South Korea defense spending market geography segmentation: $ million, 2019
Table 5: South Korea defense spending market value forecast: $ million, 2019-24
Table 6: South Korea defense spending market volume forecast: active serving personnel, 2019-24
Table 7: Hyundai Rotem Co: key facts
Table 8: Hyundai Rotem Co: Annual Financial Ratios
Table 9: Hyundai Rotem Co: Key Employees
Table 10: LIG Nex1 Co Ltd: key facts
Table 11: LIG Nex1 Co Ltd: Annual Financial Ratios
Table 12: LIG Nex1 Co Ltd: Key Employees
Table 13: Korea Aerospace Industries Ltd: key facts
Table 14: Korea Aerospace Industries Ltd: Annual Financial Ratios
Table 15: Korea Aerospace Industries Ltd: Annual Financial Ratios (Continued)
Table 16: Korea Aerospace Industries Ltd: Key Employees
Table 17: Hanwha Techwin Co Ltd: key facts
Table 18: Hanwha Techwin Co Ltd: Key Employees
Table 19: South Korea size of population (million), 2015-19
Table 20: South Korea gdp (constant 2005 prices, $ billion), 2015-19
Table 21: South Korea gdp (current prices, $ billion), 2015-19
Table 22: South Korea inflation, 2015-19
Table 23: South Korea consumer price index (absolute), 2015-19
Table 24: South Korea exchange rate, 2015-19

List Of Figures


Figure 1: South Korea defense spending market value: $ million, 2015-19
Figure 2: South Korea defense spending market volume: active serving personnel, 2015-19
Figure 3: South Korea defense spending market category segmentation: % share, by value, 2019
Figure 4: South Korea defense spending market geography segmentation: % share, by value, 2019
Figure 5: South Korea defense spending market value forecast: $ million, 2019-24
Figure 6: South Korea defense spending market volume forecast: active serving personnel, 2019-24
Figure 7: Forces driving competition in the defense spending market in South Korea, 2019
Figure 8: Drivers of buyer power in the defense spending market in South Korea, 2019
Figure 9: Drivers of supplier power in the defense spending market in South Korea, 2019
Figure 10: Factors influencing the likelihood of new entrants in the defense spending market in South Korea, 2019
Figure 11: Factors influencing the threat of substitutes in the defense spending market in South Korea, 2019
Figure 12: Drivers of degree of rivalry in the defense spending market in South Korea, 2019

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