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South Korea Defense Industry Outlook 2022 - 2026

See how South Korea Defense performed compared to key markets such as the United States, China and India.

Key Market Indicators

Korean defence expenditure is expected to reach around $51 billion by 2026. This marks an increase of 1.8% year-on-year, compared to the previous five-year average of 3.8%. In 2021, South Korea was the 10th largest spender on defence in the world, behind Japan, which spent $45 billion. China, India, and Russia came in second, third, and fourth, respectively.

South Korea Defense Market Data and Forecasts

How much will South Korea Defense Market grow to 2026?

Forecast: Total Researchers in Manufacture of Weapons and Ammunition in South Korea
Forecast: Total Internal R&D Personnel in Manufacture of Weapons and Ammunition in South Korea
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