The market is dominated by foreign suppliers, as imports account for 63.6% of total market size in 2023. B2B drives market demand, with B2B spending representing 65.7% of total demand in 2023. South Korea has the fifth largest market size for aircraft and spacecraft regionally, with demand reaching USD10.1 billion in 2023. Korea Aerospace Industries Ltd is the largest company in South Korea, generating 35.6% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 45.9% of total production value in 2023. The total number of companies increases in 2023, to 396 units. The costs of the industry increase by 2.9% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 5.4% of production value in 2023, the 19th highest regionally. The industry’s exports share decreases in 2023 to 42.2% of total production output. With production value of USD6.1 billion, South Korea accounts for 5.5% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Aircraft and Spacecraft in South Korea: ISIC 353. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Aircraft and Spacecraft in South Korea: ISIC 353 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of aircraft and spacecraft, motors vehicles, trailers and semi-trailers, motocycles, bicycles and other transport equipment, railway and tramway locomotives and rolling stock, and ships and boats.
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