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 is experiencing steady growth, fueled by an increasing demand for advanced defense systems. These launchers are critical components in modern warfare, providing military forces with high accuracy, portability, and firepower. As geopolitical tensions escalate, South Korea's defense sector is focusing on enhancing its military capabilities, thus driving the demand for recoilless launchers.
Recoilless launchers, known for their lightweight design and ability to fire powerful projectiles without the need for a large recoil force, are crucial for infantry and special forces. These systems are deployed in various applications, ranging from anti-tank warfare to close combat situations. The South Korean military, along with allied nations, relies heavily on recoilless launchers for counter-insurgency operations, providing enhanced mobility and flexibility on the battlefield.
One key factor influencing the recoilless launcher market is the evolving technological requirements. As defense technologies advance, there is a growing need for launchers that are both versatile and capable of engaging multiple types of targets. South Korea's defense contractors are working to improve launcher precision, range, and overall effectiveness. Additionally, increasing urban warfare scenarios have led to the demand for launchers with reduced blast effects, enhancing their suitability for confined spaces.
In addition to military applications, recoilless launchers are also gaining traction in law enforcement and paramilitary operations. Their portability and low recoil make them ideal for situations that require rapid deployment and accuracy, such as hostage rescue or crowd control scenarios. The diverse requirements of these industries continue to shape the development of recoilless launcher systems, with an emphasis on ease of use and rapid deployment capabilities.
As South Korea continues to modernize its defense infrastructure, the recoilless launcher market will play a pivotal role in meeting the evolving needs of military forces and defense contractors. The market is expected to witness further innovation, driven by advancements in materials and smart technologies, ensuring that South Korea remains at the forefront of defense capabilities in the region.
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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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