Research and Markets: Future of the South Korean Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/w4nq8j/future_of_the) has announced the addition of the "Future of the South Korean Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020" report to their offering.

South Korea is one of the major economies within Asia with a considerable amount of security issues calling for a firm security posture. To combat the challenge posed by a nuclear threat from North Korea, of the need to replace obsolete military equipment, and a growing necessity for restructuring and modernization of the military, South Korea has introduced the Defense Reform Plan 2020 (DRP 2020) with an aim to transform the military into a smaller but more capable force. The South Korean defense industry is among the largest in Asia and in context of the threat posed by North Korea, the country's defense expenditure is expected to grow at a healthy CAGR.

Key Findings

- Over the historic period, South Korean defense expenditure registered a growth rate of 4.51%, increasing from US$28.3 billion in 2011 to US$33.7 billion in 2015

- South Korea's military expenditure, valued at US$33.7 billion in 2015, is expected to increase to US$46.7 billion by 2020, registering a CAGR of 7.38% over the forecast period

- South Korea's military expenditure will be driven by the nuclear threat from North Korea, acquisition of new technologies, reduction in reliance on imports and the modernization of its armed forces

- The Defense Ministry is expected to procure fighters and multi-role aircraft, cyber security, missiles and missile defense systems, infrastructure construction, and multi role aircraft MRO

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Market Attractiveness and Emerging Opportunities

4 Defense Procurement Market Dynamics

5 Industry Dynamics

6 Market Entry Strategy

7 Competitive Landscape and Strategic Insights

8 Business Environment and Country Risk

9 Appendix

Companies Mentioned

- Daewoo Shipbuilding and Marine Engineering

- Doosan DST

- Hanwha Corporation

- Huneed Technologies

- Korea Aerospace Industries

- LIG Nex1

- Poongsan Corporation

- STX Engine

- Samsung Techwin

- Samsung Thales

- SandT Dynamics

For more information visit http://www.researchandmarkets.com/research/w4nq8j/future_of_the

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Aerospace and Defence

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Aerospace and Defence