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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 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis

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.

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 total budget allocation of $39.4bn in 2017, representing a compound annual growth rate (CAGR) of 4.3% between 2013 and 2017.
  • Market volumes declined with a compound annual rate of change (CARC) of -1.2% between 2013 and 2017, to reach a total of 629,214 active serving personnel in 2017.
  • South Korea's defense spending has stayed consistently around 2.5% of GDP for some time, due to the detente with North Korea and constant tensions.
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 2017?
  • What will be the size of the South Korea defense spending market in 2022?
  • 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?


Executive Summary
Market value
Market value forecast
Market volume
Market volume forecast
Category segmentation
Geography segmentation
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market volume
Market Segmentation
Category segmentation
Geography segmentation
Market Outlook
Market value forecast
Market volume forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
Hanwha Techwin Co Ltd
Korea Aerospace Industries Ltd.
LIG Nex1 Co., Ltd.
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine
List of Tables
Table 1: South Korea defense spending market value: $ million, 2013-17
Table 2: South Korea defense spending market volume: active serving personnel, 2013-17
Table 3: South Korea defense spending market category segmentation: $ million, 2017
Table 4: South Korea defense spending market geography segmentation: $ million, 2017
Table 5: South Korea defense spending market value forecast: $ million, 2017-22
Table 6: South Korea defense spending market volume forecast: active serving personnel, 2017-22
Table 7: Hanwha Techwin Co Ltd: key facts
Table 8: Hanwha Techwin Co Ltd: key financials ($)
Table 9: Hanwha Techwin Co Ltd: key financials (KRW)
Table 10: Hanwha Techwin Co Ltd: key financial ratios
Table 11: Korea Aerospace Industries Ltd.: key facts
Table 12: Korea Aerospace Industries Ltd.: key financials ($)
Table 13: Korea Aerospace Industries Ltd.: key financials (KRW)
Table 14: Korea Aerospace Industries Ltd.: key financial ratios
Table 15: LIG Nex1 Co., Ltd.: key facts
Table 16: LIG Nex1 Co., Ltd.: key financials ($)
Table 17: LIG Nex1 Co., Ltd.: key financials (KRW)
Table 18: LIG Nex1 Co., Ltd.: key financial ratios
Table 19: South Korea size of population (million), 2013-17
Table 20: South Korea gdp (constant 2005 prices, $ billion), 2013-17
Table 21: South Korea gdp (current prices, $ billion), 2013-17
Table 22: South Korea inflation, 2013-17
Table 23: South Korea consumer price index (absolute), 2013-17
Table 24: South Korea exchange rate, 2013-17
List of Figures
Figure 1: South Korea defense spending market value: $ million, 2013-17
Figure 2: South Korea defense spending market volume: active serving personnel, 2013-17
Figure 3: South Korea defense spending market category segmentation: % share, by value, 2017
Figure 4: South Korea defense spending market geography segmentation: % share, by value, 2017
Figure 5: South Korea defense spending market value forecast: $ million, 2017-22
Figure 6: South Korea defense spending market volume forecast: active serving personnel, 2017-22
Figure 7: Forces driving competition in the defense spending market in South Korea, 2017
Figure 8: Drivers of buyer power in the defense spending market in South Korea, 2017
Figure 9: Drivers of supplier power in the defense spending market in South Korea, 2017
Figure 10: Factors influencing the likelihood of new entrants in the defense spending market in South Korea, 2017
Figure 11: Factors influencing the threat of substitutes in the defense spending market in South Korea, 2017
Figure 12: Drivers of degree of rivalry in the defense spending market in South Korea, 2017
Figure 13: Hanwha Techwin Co Ltd: revenues & profitability
Figure 14: Hanwha Techwin Co Ltd: assets & liabilities
Figure 15: Korea Aerospace Industries Ltd.: revenues & profitability
Figure 16: Korea Aerospace Industries Ltd.: assets & liabilities
Figure 17: LIG Nex1 Co., Ltd.: revenues & profitability
Figure 18: LIG Nex1 Co., Ltd.: assets & liabilities

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