Defense Spending in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
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Leading company profiles reveal details of key defense spending market players’ global operations and financial performance
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Essential resource for top-line data and analysis covering the South Korea defense spending market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
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What was the size of the South Korea defense spending market by value in 2016?
What will be the size of the South Korea defense spending market in 2021?
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 Korea's defense spending market?
Defense spending covers capital items, military personnel, government defense agencies, and related expenditure on defense and peacekeeping. The defense market is segmented to include expenditure on the army, navy, air force, and others. Volume is measured as the active serving personnel in the national army, air force, navy (including marines and coast guard) and other elements of the service, such as Joint Staff. Any currency conversions used in the creation of this report have been calculated using constant 2015 annual average exchange rates.
The South Korean defense spending market is expected to generate total budget allocation of $37.8bn in 2016, representing a compound annual growth rate (CAGR) of 4.7% between 2012 and 2016.
Market consumption volume is forecast to decline with a compound annual rate of change (CARC) of -1.3% between 2012-2016, to reach a total of 626.3 thousand personnel in 2016.
The performance of the market is forecast to accelerate, with an anticipated CAGR of 6% for the five-year period 2016 - 2021, which is expected to drive the market to a value of $50.5bn by the end of 2021.