South Korea Man-Portable Rocket Launcher Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 0.8 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
The South Korea Man-Portable Rocket Launcher Market is an integral part of the defense and military sector, with various industries relying heavily on its advanced technology. A man-portable rocket launcher is designed to provide soldiers with a lightweight, portable solution for anti-tank and anti-aircraft combat. The demand for these devices is on the rise as military operations increasingly focus on versatility, mobility, and the ability to engage high-value targets in dynamic environments.
As of recent reports, the South Korea Man-Portable Rocket Launcher Market has seen a shift in its product offerings, with more modernized and efficient systems being developed. These advanced launchers are smaller, lighter, and more powerful, offering enhanced mobility and precision. Industries such as defense contractors, the military, and security agencies have been pushing the demand for these high-tech devices, as they offer improved performance in combat situations while maintaining ease of use and portability. In response to this growing need, manufacturers are innovating and incorporating cutting-edge technology such as advanced targeting systems, increased missile range, and better accuracy to meet the varied requirements from different sectors.
For example, industries are now requiring rocket launchers that provide greater portability without sacrificing firepower or accuracy. A key aspect of these systems is their ability to be deployed rapidly, even in challenging and rugged terrains. South Korea's defense industry is heavily invested in these products, often tailoring the development of man-portable rocket launchers to meet the needs of specific military operations. Additionally, the global expansion of defense procurement programs has further contributed to the demand for such technologies.
The South Korea Man-Portable Rocket Launcher Market is not only driven by military needs but also by strategic industries focused on creating products that can perform under extreme conditions. With technological advancements being at the forefront of military needs, companies are more inclined to produce compact, efficient, and durable systems. The constant demand for such launchers is expected to increase, particularly as modern warfare continues to evolve, requiring evermore sophisticated and lightweight solutions for various combat situations.
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General Dynamics
Lockheed Martin
Raytheon
Saab
Thales
Instalaza
Bazalt
Safran
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Man-Portable Rocket Launcher Market
Shoulder-Launched
Vehicle-Mounted
Platform-Based
Short-Range
Medium-Range
Long-Range
Single-Shot
Multi-Shot
Chemical Propellant
Electric Propellant
Hybrid Propellant
Anti-Tank
Anti-Aircraft
Anti-Personnel
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Man-Portable Rocket Launcher Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Man-Portable Rocket Launcher Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Man-Portable Rocket Launcher Market, By Type
6. South Korea Man-Portable Rocket Launcher Market, By Application
7. South Korea Man-Portable Rocket Launcher Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Man-Portable Rocket Launcher Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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