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Future of the South Korean Defense Industry - Market Attractiveness and Forecasts to 2018

Product Synopsis

This report is the result of SDI's extensive market and company research covering the South Korean defense industry, and provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.

Introduction and Landscape

Why was the report written?

The Future of the South Korean Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain a market share in the South Korean defense industry.

What is the current market landscape and what is changing?

South Korean defense expenditure registered a CAGR of 7.3% during the review period and values US$31.0 billion in 2013. Increasing threats from North Korea to use missiles against it, rising tensions in the Korean peninsula, and the modernization of its armed forces to be able to deter external security threats are expected to drive South Korean military expenditure over the forecast period.

What are the key drivers behind recent market changes?

Nuclear threats from North Korea, acquisition of new technology, and reduction in reliance on imports set to drive defense expenditure.

What makes this report unique and essential to read?

The Future of the South Korean Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

Key Features and Benefits

The report provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators, and also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.

Key Market Issues

The South Korean government places increasing emphasis on technical cooperation and technology transfer, to ensure that the South Korean defense industry is not perceived as a sub-contracted supplier of low-technology parts. South Korea has changed its policies to achieve technology transfer in each of its defense deals to reduce its dependence on imports of advanced defense systems.

 

Key Highlights

The most important factors for the South Korean Ministry of Defense (MoD) when making purchasing decisions are price, technology transfer, and offsets. The South Korean MoD has adopted a new provision that requires the foreign contractor to provide assurances in advance, that the proposed technologies will be transferred to the country prior to the approval of the offset contract.

For further insights,

 

Visit: http://www.researchonsouthkorea.com/future-of-the-south-korean-defense-industry-market-attractiveness-competitive-landscape-and-forecasts-to-2018.html

 

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SOURCE:  Researchonsouthkorea.com