Dublin, May 23, 2025 (GLOBE NEWSWIRE) -- The "South Korea Defense Market - Size and trends, budget allocation, regulations, key acquisitions, competitive landscape and forecast, 2025-2030" has been added to ResearchAndMarkets.com's offering.
The South Korea Defense Market report, covering 2025-2030, provides an in-depth analysis of market size, trends, budget allocation, regulations, key acquisitions, competitive landscape, and forecasts for the next five years. This comprehensive study highlights key drivers, emerging technology trends, and challenges facing market participants, along with insights into government programs influencing military platform demand.
Historically, South Korea's defense expenditure has been driven by the need to deter North Korean aggression. In an attempt to normalize relations with its primary adversary, South Korea sought peace with North Korea, but talks collapsed in June 2020. An official statement from North Korean official, Ri Son-Gwon, declared that peace prospects between South Korea, North Korea, and the US had vanished.
With the peace process failing, South Korea is compelled to enhance defense expenditure against North Korean threats. The country's defense budget stood at $46.2 billion in 2021 but declined to $42.3 billion in 2022. From 2023, the budget improved to $45.6 billion in 2025, despite a negative CAGR of 0.3%. Over 2026-2030, defense expenditure is expected to grow at a 2% CAGR, reaching $50.1 billion by 2030. The acquisition budget is projected to grow from $11.7 billion in 2026 to $11.9 billion by 2030.
Key Highlights:
- Defense expenditure drivers include North Korean militarization and the domestic industry.
- Major procurement programs include KF-21 Boramae, K239 Chunmoo, and K55 A1 155mm acquisitions.
Scope:
- Defense Budget Assessment: Covers budget processes, forecasts, expenditure drivers, and allocation analysis.
- Military Doctrine and Security Environment: Analyzes doctrine, alliances, geopolitical dynamics, and influencing factors.
- Market Entry Strategy and Regulations: Details procurement policy, market entry routes, bodies, and major deals.
- Market Attractiveness and Opportunities: Evaluates defense sector attractiveness, cumulative market value, and top sectors and segments.
- Defense Platforms Import and Export Dynamics: Explores imports and exports by value and volume, categorized by country and sector.
- Defense Platform Acquisitions: Offers an overview of acquisitions by value, procurement schedules, and reasons for procurement.
- Fleet Size: Details fleet sizes of the Army, Air Force, and Navy, including year of acquisition, units, and contractors.
- Competitive Landscape: Profiles main defense companies, offering insights into business overviews, contracts, and finances.
Reasons to Buy:
- Identify prospective investment areas based on South Korea defense market trends over the next five years.
- Understand factors driving demand for defense and internal security segments and identify opportunities.
- Enhance knowledge of demand drivers, market trends, and latest technological developments.
- Recognize major threats in the market to identify future opportunities for revenue growth.
- Focus resources on ongoing programs by the South Korean government.
- Make informed business decisions with in-depth analysis of the competitive landscape and detailed company profiles.
Key Topics Covered:
- Executive Summary
- Defense Budget Assessment
- Key Market Trends and Insights
- Military Doctrine And Security Environment
- Strategic Alliances and Geopolitics
- Political, Social and Economic Scenario
- Market Entry Strategy And Regulations
- Defense Procurement Bodies
- Procurement Policy and Market Regulations
- Key Challenges
- Market Attractiveness And Emerging Opportunities
- Market Attractiveness By Defense Sector
- Defense Platforms Import and Export Dynamics
- Defense Platforms Import Dynamics
- Defense Platforms Export Dynamics
- Fleet Size
- Army
- Air Force
- Navy
- Competitive Landscape
- Main Defense Companies
- Appendix
For more information about this report visit https://www.researchandmarkets.com/r/4l5tj6
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