- Get in Touch with Us
Last Updated: Apr 25, 2025 | Study Period: 2022-2027
The military worth of modern weapons is determined mostly by their ability to cause bodily pain. The prudent use of today's combat weaponry may result in a diversified and widely spread spectrum of personnel damage due to the combined destructive powers of bullets,
explosions, and incendiary chemicals. Rationally, the purpose of modern warfare is not necessarily to eliminate an adversary, but rather to decrease an enemy's ability to resist further. Weapons' military value must eventually be appraised in terms of their contribution to this goal, whether through fear or physical damage.
After a ten-year hiatus, South Korea and Australia decided to resume their bilateral defence industrial cooperation agreement. They also completed a multimillion dollar weapons transaction.
South Korea's Defense Acquisition Program Administration and the two nations have inked a new memorandum of understanding on cooperation in the defence sector and materials.
This offers Australia and South Korea the chance to develop into each other's strategic partners and lay the groundwork for reviving their prior defence industrial collaboration that started during the Korean War.
The talks came to an end during South Korean President Moon Jae-state in's visit to Australia this year, which coincided with the 60th anniversary of the two nations' establishment of diplomatic relations.
A previous memorandum of understanding between Australia and South Korea for bettering military sector collaboration has since expired.
According to DAPA, the "changed environment," which included a reorganisation of the agencies in charge of coordinating military industrial cooperation, made it necessary for both nations to sign the new agreement.
The Joint Defense Industry and Material Committee will meet frequently, and both nations also concurred that government-level collaboration in promoting the export of military equipment needs to be strengthened.
Since Moon and Morrison formally discussed methods to boost defence and security cooperation at the summit, South Korea and Australia have worked to prepare the path for the revival of defence industrial engagement and material partnership.
| S No | Overview of Development | Development Detailing | Region of Development | Possible Future Outcomes |
| 1 | South Korea hires SpaceX to launch five spy satellites by 2025 | South Korea has agreed to launch five surveillance satellites with SpaceX by 2025, with the very first launching on either a Falcon 9 rocket scheduled for the end of 2023. | South Korea | This would enhance better Technological Controls |
| 2 | Ukraine's Zelensky seeks military aid from South Korea | Ukraine has seemed for military technology aid from South Korea amid growing war tensions. | South Korea | This would enhance better Technological Controls |
| 3 | South Korea tests solid-fuel space rocket, amid rising tensions | The'significant milestone,' according to Seoul, is part of a drive to boost reconnaissance and satellite capabilities. | South Korea | This would enhance better Technological Controls |
| 4 | S.Korea opens largest defence expo amid N.Korea missile tests | It has brought into display the latest fighter aircrafts and drones | South Korea | This would enhance better Technological Controls |
| 5 | South Korea launches new military technology agency | The Defense Acquisition Program Administration (DAPA) of S. Korea announces the ceremonial launching of its regulatory organisation on May 21 to promote the nation's military technologies and industrial base growth. | South Korea | This would enhance better Technological Controls |
South Korea Defence Industry Market is expected to gain market growth in the forecast period of 2020 to 2027. It is analyzed that the market is growing with a CAGR of XX.X% in the forecast period of 2020 to 2027 and is expected to reach USD XXXX million by 2027.
Many significant advances in weapons have occurred throughout the ages, including the spear, bow and arrow, catapults and other siege gear, the gun and cannon, steam boats and metal-hulled ships, submarines, and aviation.
Each of them is credited with revolutionising warfare, the nature of armies, and the relationships between fighting factions and states. The growth in instances of unrest throughout the world as a result of various contentious laws and legislations enacted by governments around the world has increased the need for weapons with a low risk of casualties.
Hanhwa Group is a leading mobiliser of the Military and arms focusing on latest mobility technologies in the market. It has brought in a fully immersive weapons systems, which was successfully produced towards upcoming SPHs which stretch the bounds of effectiveness,
such as the international K9 Thunder SPH artillery systems as well as the K55A1 but instead K9A1 with enhanced performances, by spending consistently in R&D.
This K9 would be the first fully autonomous ordnance support organisation in the world. The K10 Armament Ground support Vehicles, its predecessor, builds on the K9's enhanced capabilities.
Hyundai Mobis is part of the component manufacture trending companies in the current industry. They brought in several class of weaponry systems focusing on Land, Naval and Air warfare with new technologies mobilised within the categories of CIWS.
It provides fully integrated logistical support for both the Artillery & Naval Gun Mounting equipment that is tailored to the needs of the customer.
In 2000, they began mass manufacture of the Naval Gun Mount, which was promptly deployed in the Royal Navy of the United Kingdom.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2022-2027 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2022-2027 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2022-2027 |
| 21 | Product installation rate by OEM, 2022 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2022 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
© 2017-2025 Mobility Foresights Pvt Ltd. All rights reserved.