Defense Spending in South Korea

Defense Spending in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2009-13, and forecast to 2018). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the South Korea defense spending market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Defense spending covers capital items, military personnel, government defense agencies, and related expenditure on defense and peacekeeping. The defense market is segmented to include expenditure on: personnel; equipment; infrastructure; and other expenditure (which represents all other spending). Volume is measured as the active serving personnel in the national army, air force, navy (including marines and coast guard) and other elements of the service, such as Joint Staff. Any currency conversions used in the creation of this report have been calculated using constant 2013 annual average exchange rates.

The South Korean defense spending market had total budget allocation of $33.9bn in 2013, representing a compound annual growth rate (CAGR) of 4.5% between 2009 and 2013.

The personnel segment was the market's most lucrative in 2013, with total budget allocation of $12.5bn, equivalent to 36.7% of the market's overall value.

The performance of the market is forecast to accelerate, with an anticipated CAGR of 6% for the five-year period 2013 – 2018, which is expected to drive the market to a value of $45.5bn by the end of 2018.

Scope

Save time carrying out entry-level research by identifying the size, growth, 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

Macroeconomic indicators provide insight into general trends within the South Korea economy

Reasons to buy

What was the size of the South Korea defense spending market by value in 2013?

What will be the size of the South Korea defense spending market in 2018?

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?

Companies mentioned

Doosan Corporation, Hyundai Rotem Company, Lockheed Martin Corporation and Samsung Techwin Co., Ltd

Table of Contents

TABLE OF CONTENTS

Executive Summary 2

Market value 2

Market value forecast 2

Market volume 2

Market volume forecast 2

Category segmentation 2

Geography segmentation 2

Market rivalry 2

Market Overview 7

Market definition 7

Market analysis 7

Market Data 8

Market value 8

Market volume 9

Market Segmentation 10

Category segmentation 10

Geography segmentation 11

Market Outlook 12

Market value forecast 12

Market volume forecast 13

Five Forces Analysis 14

Summary 14

Buyer power 16

Supplier power 17

New entrants 18

Threat of substitutes 19

Degree of rivalry 20

Leading Companies 21

Doosan Corporation 21

Hyundai Rotem Company 24

Lockheed Martin Corporation 26

Samsung Techwin Co., Ltd 29

Macroeconomic Indicators 32

Country Data 32

Appendix 34

Methodology 34

Industry associations 35

Related MarketLine research 35

LIST OF TABLES

Table 1: South Korea defense spending market value: $ billion, 200913 8

Table 2: South Korea defense spending market volume: thousand personnel, 200913 9

Table 3: South Korea defense spending market category segmentation: $ billion, 2013 10

Table 4: South Korea defense spending market geography segmentation: $ billion, 2013 11

Table 5: South Korea defense spending market value forecast: $ billion, 201318 12

Table 6: South Korea defense spending market volume forecast: thousand personnel, 201318 13

Table 7: Doosan Corporation: key facts 21

Table 8: Doosan Corporation: key financials ($) 22

Table 9: Doosan Corporation: key financials (KRW) 22

Table 10: Doosan Corporation: key financial ratios 22

Table 11: Hyundai Rotem Company: key facts 24

Table 12: Hyundai Rotem Company: key financials ($) 24

Table 13: Hyundai Rotem Company: key financials (KRW) 25

Table 14: Hyundai Rotem Company: key financial ratios 25

Table 15: Lockheed Martin Corporation: key facts 26

Table 16: Lockheed Martin Corporation: key financials ($) 27

Table 17: Lockheed Martin Corporation: key financial ratios 27

Table 18: Samsung Techwin Co., Ltd: key facts 29

Table 19: Samsung Techwin Co., Ltd: key financials ($) 30

Table 20: Samsung Techwin Co., Ltd: key financials (KRW) 30

Table 21: Samsung Techwin Co., Ltd: key financial ratios 30

Table 22: South Korea size of population (million), 200913 32

Table 23: South Korea gdp (constant 2005 prices, $ billion), 200913 32

Table 24: South Korea gdp (current prices, $ billion), 200913 32

Table 25: South Korea inflation, 200913 33

Table 26: South Korea consumer price index (absolute), 200913 33

Table 27: South Korea exchange rate, 200913 33

LIST OF FIGURES

Figure 1: South Korea defense spending market value: $ billion, 200913 8

Figure 2: South Korea defense spending market volume: thousand personnel, 200913 9

Figure 3: South Korea defense spending market category segmentation: % share, by value, 2013 10

Figure 4: South Korea defense spending market geography segmentation: % share, by value, 2013 11

Figure 5: South Korea defense spending market value forecast: $ billion, 201318 12

Figure 6: South Korea defense spending market volume forecast: thousand personnel, 201318 13

Figure 7: Forces driving competition in the defense spending market in South Korea, 2013 14

Figure 8: Drivers of buyer power in the defense spending market in South Korea, 2013 16

Figure 9: Drivers of supplier power in the defense spending market in South Korea, 2013 17

Figure 10: Factors influencing the likelihood of new entrants in the defense spending market in South Korea, 2013 18

Figure 11: Factors influencing the threat of substitutes in the defense spending market in South Korea, 2013 19

Figure 12: Drivers of degree of rivalry in the defense spending market in South Korea, 2013 20

Figure 13: Doosan Corporation: revenues & profitability 23

Figure 14: Doosan Corporation: assets & liabilities 23

Figure 15: Hyundai Rotem Company: revenues & profitability 25

Figure 16: Lockheed Martin Corporation: revenues & profitability 28

Figure 17: Lockheed Martin Corporation: assets & liabilities 28

Figure 18: Samsung Techwin Co., Ltd: revenues & profitability 31

Figure 19: Samsung Techwin Co., Ltd: assets & liabilities 31

List of Tables

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List of Figures

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