The market is dominated by foreign suppliers, as imports account for 65.6% of total market size in 2022. B2B drives market demand, with B2B spending representing 65.8% of total demand in 2022. South Korea has the fifth largest market size for aircraft and spacecraft regionally, with demand reaching USD10.0 billion in 2022. Korea Aerospace Industries Ltd is the largest company in South Korea, generating 36.7% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 47.3% of total production value in 2022. The total number of companies increases in 2022, to 385 units. The costs of the industry increase by 9.5% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 5.4% of production value in 2022, the 11th highest regionally. The industry’s exports share increases in 2022 to 44.2% of total production output. With production value of USD5.9 billion, South Korea accounts for 6.0% of the Asia Pacific total in 2022.
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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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