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South Korea Military Electrical Wiring Interconnection System Market
ID: MRFR/AD/56113-HCR
200 Pages
June 2025
South Korea Military Electrical Wiring Interconnection System Market Research Report By Component (Wires and Cables, Connectors, Grounding and Bonding Devices, Splices, Clamps, Others), By Application (Aircraft, Missiles and Weapon, UAVs, Military Vehicles, Field Equipment, Ships and Submarines, Marine Equipment, Satellite) and By End User (Retrofit, Line fit)- Forecast to 2035
Industry Developments
The South Korea Military Electrical Wiring Interconnection System Market has seen notable developments recently. In October 2023, Hanwha Aerospace announced an increase in its military contracts, boosting its contribution to the wiring interconnection sector. The ongoing modernization efforts within the South Korean military, aiming to upgrade existing technologies and enhance defense capabilities, are driving demand for advanced electrical wiring systems. Notably, during the first half of 2023, Doosan Corporation secured contracts to supply components related to electrical wiring for upcoming naval projects, reinforcing its position in the industry. Furthermore, in August 2023, Korea Aerospace Industries reported a partnership with Mirae Corporation to co-develop innovative wiring solutions for next-generation aircraft, showcasing collaborative growth through strategic alliances.
SK Hynix is also focusing on integrating enhanced electronics into military vehicles, improving operational efficiencies. Recent market valuation data indicates that the overall growth in this sector is being influenced by escalating defense budgets across South Korea, highlighting a projected increase in investments in military technology. These movements reflect broader strategic trends within the South Korean defense landscape as the nation continues to fortify its military readiness and technological advancements.
Report Scope
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 79.5(USD Million) |
| MARKET SIZE 2024 | 84.0(USD Million) |
| MARKET SIZE 2035 | 464.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 16.809% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Korea Electric Power Corporation, Mirae Corporation, Doosan Corporation, Samsung Techwin, SK hynix, Daewoo Shipbuilding & Marine Engineering, Hanwha Defense, LG Electronics, Korea Aerospace Industries, Hanjin Heavy Industries, Hyundai Heavy Industries, JLS Engineering, Korea Technology and Engineering, Hanwha Aerospace, LIG Nex1 |
| SEGMENTS COVERED | Component, Application, End User |
| KEY MARKET OPPORTUNITIES | Increased defense budget allocations, Modernization of existing systems, Growing demand for advanced communication, Development of unmanned systems, Collaboration with international defense firms |
| KEY MARKET DYNAMICS | Technological advancements, Increasing defense budget, Demand for modernization, Focus on interoperability, Strategic geopolitical tensions |
| COUNTRIES COVERED | South Korea |
FAQs
What is the expected market size of the South Korea Military Electrical Wiring Interconnection System Market in 2024?
The expected market size in 2024 is valued at 84.0 million USD.
What will be the projected market size by 2035 for the South Korea Military Electrical Wiring Interconnection System Market?
By 2035, the projected market size is expected to reach 464.0 million USD.
What is the expected compound annual growth rate (CAGR) for the market from 2025 to 2035?
The market is expected to experience a CAGR of 16.809 percent during the period from 2025 to 2035.
Which component will hold the largest market share in the South Korea Military Electrical Wiring Interconnection System Market by 2035?
By 2035, Wires and Cables are projected to hold the largest market share, valued at 193.0 million USD.
Who are the key players in the South Korea Military Electrical Wiring Interconnection System Market?
Major players in the market include Korea Electric Power Corporation, Samsung Techwin, and Hanwha Defense, among others.
What is the expected market value for Connectors in the year 2024?
The expected market value for Connectors in 2024 is 25.0 million USD.
How much is the South Korea Military Electrical Wiring Interconnection System Market expected to grow for Grounding and Bonding Devices by 2035?
By 2035, the market for Grounding and Bonding Devices is expected to grow to 55.0 million USD.
What are the anticipated growth drivers for the South Korea Military Electrical Wiring Interconnection System Market?
Growth drivers include increased defense spending and advancements in military technology.
What are the expected market values for Splices and Clamps in 2024?
In 2024, the market for Splices is expected to be 8.0 million USD, while Clamps are projected at 7.0 million USD.
How will the South Korea Military Electrical Wiring Interconnection System Market be impacted by current global conflicts?
Current global conflicts are anticipated to drive demand for advanced military technologies, positively influencing the market growth.
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