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The South Korea unmanned aerial vehicle (UAV) market reached approximately USD 767.85 million in 2023. The market is projected to grow at a CAGR of 12.20% between 2024 and 2032, reaching a value of around USD 2,250.53 million by 2032.
The unmanned aerial vehicle (UAV) market growth is aided primarily by rising security concerns and military modernisation programs in the country. For instance, the Defense Acquisition Program Administration (DAPA) announced that it aims to invest around 143.3 billion won from December 2023 to December 2028 for the reconnaissance of the northwestern islands of the country through the unmanned aerial vehicle (UAV) project.
There is also a surge in the commercialisation of UAVs in the country, supported by the rising demand from the agricultural sector for crop monitoring purposes and by the strategic initiatives of market players. Pablo Air, a provider of drone delivery solutions, announced the opening of its first commercial drone delivery store in the country in July 2022. Their drone delivery service provides customers the facility to order commercial store items through the Allivery (All+Delivery) app.
Moreover, there is a rise in the integration of advanced payloads and sensors in the UAVS such as high-resolution cameras and LiDAR for better collection and analysis abilities. There is also a growing shift towards autonomous UAV systems that can operate at semi-autonomous or fully autonomous levels without any human intervention. These technological advancements are expected to provide versatile UAVs for commercial and military purposes that can boost the South Korea unmanned aerial vehicle (UAV) market expansion.
The growing emphasis on the miniaturisation of UAVs to improve their manoeuvring abilities and agility is also a crucial trend in South Korea. Furthermore, there is an increased deployment of high-end communication abilities in UAVs to establish seamless communication between UAVs and ground control stations.
“South Korea Unmanned Aerial Vehicle (UAV) Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Class
Market Breakup by Systems
Market Breakup by Function
Market Breakup by End Use
Small UAVs are in high demand due to the increasing use of mall unmanned aerial vehicles (UAVs) for combat and intelligence, surveillance, and reconnaissance (ISR) operations, as well as increased defense sector investment. The market has also grown as a result of an increase in start-ups and investor and government funding for the design and development of small UAVs for both military and commercial uses. Small drones have been acquired by militaries for various military purposes. The market for small UAVs has further been expanding due to its increasing use in surveying, oil and gas pipeline monitoring, aerial photography, and 3D mapping, among other fields.
The market players are developing innovative UAV solutions to stay ahead of their competitors.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Class |
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Breakup by Systems |
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Breakup by Function |
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Breakup by End Use |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Unmanned Aerial Vehicle (UAV) Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Unmanned Aerial Vehicle (UAV) Historical Market (2018-2023)
8.3 Asia Pacific Unmanned Aerial Vehicle (UAV) Market Forecast (2024-2032)
9 South Korea Unmanned Aerial Vehicle (UAV) Market Overview
9.1 Key Industry Highlights
9.2 South Korea Unmanned Aerial Vehicle (UAV) Historical Market (2018-2023)
9.3 South Korea Unmanned Aerial Vehicle (UAV) Market Forecast (2024-2032)
10 South Korea Unmanned Aerial Vehicle (UAV) Market by Class
10.1 Small and Medium UAV
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Large UAV
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 South Korea Unmanned Aerial Vehicle (UAV) Market by Systems
11.1 Platform
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Payload
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Datalink
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Ground Control Station
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 UAV Launch and Recovery System
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
12 South Korea Unmanned Aerial Vehicle (UAV) Market by Function
12.1 Inspection and Monitoring
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Remote Sensing
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Product Delivery
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Search and Rescue
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Surveying and Mapping
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Border Management
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Photography and Film Production
12.7.1 Historical Trend (2018-2023)
12.7.2 Forecast Trend (2024-2032)
12.8 Others
13 South Korea Unmanned Aerial Vehicle (UAV) Market by End Use
13.1 Military and Defense
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Civil and Commercial
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Energy and Power
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Logistics and Transportation
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Construction and Mining
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Northrop Grumman Corp.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 BAE Systems Plc
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Korea Aerospace Industries Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Boeing Co.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Airbus SE
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Thales S.A.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Safran S.A.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Elbit Systems Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Unmanned Aerial Vehicle (UAV) Market: Key Industry Highlights, 2018 and 2032
2. South Korea Unmanned Aerial Vehicle (UAV) Market: Key Industry Highlights, 2018 and 2032
3. South Korea Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by Class (USD Million), 2018-2023
4. South Korea Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by Class (USD Million), 2024-2032
5. South Korea Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by Systems (USD Million), 2018-2023
6. South Korea Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by Systems (USD Million), 2024-2032
7. South Korea Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by Function (USD Million), 2018-2023
8. South Korea Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by Function (USD Million), 2024-2032
9. South Korea Unmanned Aerial Vehicle (UAV) Historical Market: Breakup by End Use (USD Million), 2018-2023
10. South Korea Unmanned Aerial Vehicle (UAV) Market Forecast: Breakup by End Use (USD Million), 2024-2032
11. South Korea Unmanned Aerial Vehicle (UAV) Market Structure
In 2023, the market reached an approximate value of USD 767.85 million.
The market is estimated to grow at a CAGR of 12.20% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 2,250.53 million by 2032.
The market is being driven due to rising security concerns and military modernisation programs in the country.
The key trends aiding the market include a rise in the integration of advanced payloads and sensors in the UAVS and growing emphasis on the miniaturisation of UAVs.
Based on class, market segmentations include small and medium UAV and large UAV.
Different end uses considered in the market are military and defense, civil and commercial, energy and power, logistics and transportation, and construction and mining, among others.
The major players in the market are Northrop Grumman Corp., BAE Systems Plc, Korea Aerospace Industries Ltd., Boeing Co., Airbus SE, Thales S.A., Safran S.A., and Elbit Systems Ltd., among others.
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