South Korea Recoilless Launcher Market was valued at USD 0.15 Billion in 2022 and is projected to reach USD 0.25 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The South Korea recoilless launcher market has been growing steadily, driven by the country's increasing defense and military modernization initiatives. Recoilless launchers, which are capable of firing projectiles without generating significant recoil, play a crucial role in providing infantry with powerful anti-tank capabilities. These weapons are lightweight and versatile, making them ideal for modern warfare situations where mobility and precision are essential.
The primary demand for recoilless launchers in South Korea comes from both defense sectors and law enforcement agencies. The South Korean military, being one of the most advanced in the region, has increasingly adopted these launchers to enhance their strategic capabilities against evolving threats, especially from neighboring North Korea. With a focus on cost-effective yet powerful solutions, the demand for recoilless launchers continues to rise. In fact, recent statistics show a notable uptick in government spending to upgrade the military’s artillery, which directly impacts the recoilless launcher market in the region.
Industries requiring these weapons range from military and defense contractors to governments in need of enhanced border security. The technology behind recoilless launchers has improved over the years, with modern versions being more accurate and capable of targeting armored vehicles, bunkers, and other fortifications. As such, it’s no surprise that industries in the defense sector are investing heavily in these systems to maintain military superiority.
In addition to the military’s requirements, South Korea's domestic industries, including those involved in research and development of new military technologies, are also showing an increasing interest in recoilless launchers. The growing partnerships between the South Korean government and global defense contractors have spurred the development of next-generation launchers that offer higher accuracy, longer range, and improved payload capabilities. This shift indicates a long-term strategic focus on innovation and performance in the recoilless launcher market.
The continuous demand for advanced and reliable defense solutions ensures that the South Korean recoilless launcher market will remain a crucial component in both national defense and international military collaborations. With an ongoing emphasis on technological innovation and the need for versatile, mobile artillery solutions, the market is expected to expand, meeting the growing needs of modern warfare.
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Saab
Rheinmetall
GESPI Aeronáutica
Norinco
AirTronic
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 Recoilless Launcher Market
Light Recoilless Launchers
Medium Recoilless Launchers
Heavy Recoilless Launchers
40mm
75mm
105mm
120mm
Military
Civilian
Single-shot
Multi-shot
Chemical Propellant
Non-Chemical Propellant
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Recoilless 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 Recoilless Launcher Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Recoilless Launcher Market, By Type
6. South Korea Recoilless Launcher Market, By Application
7. South Korea Recoilless Launcher Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Recoilless Launcher Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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