The capital expenditure allocation for the South Korean army is expected to
grow at a CAGR of 7.90%, from an estimated US$1.9 billion in 2010 to over
US$2.75 billion in 2015. Indeed, while there will be significant reductions in
army manpower leading up to 2020, as part of the government’s Defense Reform
Plan 2020, this reduction will be compensated by the acquisition of advanced
technology and weaponry that requires minimal manpower.
During the forecast period (2011 - 2016), the capital expenditure allocation for the South Korean navy is expected to grow at a CAGR of 7.90%. This will equate to an average of 15.84% of the total capital expenditure budget. The growth is attributed to the increased threat of sea hijacking by pirates and the need for increased maritime surveillance.
To strengthen the country’s intelligence and surveillance capabilities, the South Korean government has allocated 7.67% of its capital expenditure budget towards the procurement of new command, control, communications, computers, intelligence, surveillance, reconnaissance and electronic warfare (C4ISREW) equipment. Indeed, it is estimated that the budget for surveillance and intelligence will grow at a CAGR of 7.90% during the forecast period (2011 - 2016).
To purchase the full version of ‘The South Korean Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016’, please click here.
About Industry Review:
Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.
We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.
The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.
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For more information on the article, please contact:
Press Contact
Shelly Wills
Tel: +44 (0) 20 7936 6671
shelly.wills@industryreview.com
During the forecast period (2011 - 2016), the capital expenditure allocation for the South Korean navy is expected to grow at a CAGR of 7.90%. This will equate to an average of 15.84% of the total capital expenditure budget. The growth is attributed to the increased threat of sea hijacking by pirates and the need for increased maritime surveillance.
To strengthen the country’s intelligence and surveillance capabilities, the South Korean government has allocated 7.67% of its capital expenditure budget towards the procurement of new command, control, communications, computers, intelligence, surveillance, reconnaissance and electronic warfare (C4ISREW) equipment. Indeed, it is estimated that the budget for surveillance and intelligence will grow at a CAGR of 7.90% during the forecast period (2011 - 2016).
To purchase the full version of ‘The South Korean Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016’, please click here.
About Industry Review:
Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.
We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.
The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.
With access to over 400 in-house analysts and journalists, and a global media presence in over 30 industries, Industry Review delivers in-depth knowledge of local markets worldwide.
For more information, please visit our website at www.industryreview.com
For more information on the article, please contact:
Press Contact
Shelly Wills
Tel: +44 (0) 20 7936 6671
shelly.wills@industryreview.com
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