How big is the South Korea Aerospace And Defense Market?

The South Korea Aerospace And Defense Market size is expected to reach USD 4.46 billion in 2024 and grow at a CAGR of 9.38% to reach USD 7.89 billion by 2029. Read More

What is the current South Korea Aerospace And Defense Market size?

In 2024, the South Korea Aerospace And Defense Market size is expected to reach USD 4.46 billion. Read More

Who are the key players in South Korea Aerospace And Defense Market?

Lockheed Martin Corporation, Korea Aerospace Industries, Ltd., HD Hyundai Heavy Industries Co., Ltd., Hanwha Corporation and The Boeing Company are the major companies operating in the South Korea Aerospace And Defense Market. Read More

What years does this South Korea Aerospace And Defense Market cover, and what was the market size in 2023?

In 2023, the South Korea Aerospace And Defense Market size was estimated at USD 4.04 billion. The report covers the South Korea Aerospace And Defense Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South Korea Aerospace And Defense Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

South Korea Aerospace And Defense Market Share

Statistics for the 2023 & 2024 South Korea Aerospace And Defense market share, created by Mordor Intelligence™ Industry Reports. South Korea Aerospace And Defense share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of South Korea Aerospace And Defense Industry

The South Korean aerospace and defense market is semi-consolidated in nature. Some of the key players in the market are Lockheed Martin Corporation, Korea Aerospace Industries Ltd, Hanwha Corporation, The Boeing Company, and HD Hyundai Heavy Industries Co. Ltd.

These players are significantly investing in developing technologically advanced products to cater to national and foreign needs. In recent years, the country has prioritized indigenous aerospace and defense production by encouraging local players to develop the required capabilities. The regional players are also expected to enjoy healthy growth during the forecast period, owing to large-scale domestic and foreign investments, collaborations, and partnerships with players from foreign countries.