The South Korean Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 201620 Sep 2011 • by Natalie Aster
During the forecast period, the South Korean defense industry is expected to grow at a CAGR of 7.78%. During the period, the perceived threat of nuclear attacks from neighbor North Korea is anticipated to drive growth in defense expenditure, despite South Korea’s military superiority. The South Korean defense industry is also forecast to benefit from economic growth in South Korea, a military modernization plan and a planned reduction in defense personnel between 2011 and 2015. During the review period, South Korea maintained a defense expenditure of 2.6% of its gross domestic product (GDP), which is expected to continue during the forecast period.
Although South Korea has not been threatened by terror activity from external terrorist organizations, excluding those from North Korea, the globalization of terrorism and increased threat from organizations such as Al-Qaeda and several indigenous terrorist groups, will support the expansion of South Korea’s homeland security market.
The report “The South Korean Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016” by iCD Research offers insights into market opportunities and entry strategies adopted by foreign OEMs to gain a market share in the South Korean defense industry.
With a global ranking of twelve in the list of the countries with the largest defense expenditures, South Korea is one of the largest defense markets in the world. During the review period, South Korean defense expenditure grew at a CAGR of 1.89%. During the forecast period, the country is also projected to have one of the fastest growing defense markets with a CAGR of 7.78%; which is a higher rate than that of the UK, France, Japan, the US, Germany and India.
Source: ICD Research Analysis /© ICD Research
Published: September, 2011
Price: US$ 1,250.00
The report provides detailed analysis of the current industry size and growth expectations from 2011 to 2015, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides detailed understanding of emerging opportunities in specific areas. This report offers the reader insights into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the South Korean defense industry.
- The report looks at historical performance as well as future industry projections using the in-house model. The report is a mixture of graphs, charts, tables and text in an effort to give the reader the maximum possible information in the most efficient and visually appealing manner.
- The report helps marketing agencies in the industry to promote their business by aligning their capabilities and business practices with their customers’ changing needs, while it also helps suppliers to benchmark their efforts with those of their competitors.
- The report uncovers the business outlook, key challenges and opportunities identified by suppliers and buyers, enabling industry stakeholders to understand the business sentiment prevailing in the industry.
More information can be found in the report “The South Korean Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016” by iCD Research
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