Based on the forecasted data, the import of aircraft launching gear and flight simulators to South Korea is expected to see steady growth from 2024 through 2028. In 2023, the actual value of imports stood at 54.692 million USD. The year-on-year variation percentages indicate a growth pattern as follows:
- 2024: 2.74%
- 2025: 2.88%
- 2026: 2.74%
- 2027: 2.61%
- 2028: 2.50%
The compound annual growth rate (CAGR) over the five-year forecast period (2024-2028) is approximately 2.69%, indicating a consistent growth trend.
Future trends to watch for include the growing demand for advanced simulation technologies in military and commercial sectors, shifts in global trade policies impacting import levels, and technological advancements in aircraft launching gear. Additionally, geopolitical developments and regional security dynamics in the Asia-Pacific region may also influence import volumes.
