Commercial Aircraft Manufacturing Market in South Korea 2014-2018

Commercial Aircraft Manufacturing Market in South Korea 2014-2018

Category : Automotive and Transportation
Published On : November  2013
Pages : 58



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South Korea is a potential market for the manufacture of commercial aircraft parts and MRO services. Currently, there is no company in South Korea that completely manufactures commercial aircraft, thus the country relies on the import of commercial aircraft from other countries such as the US and the UK. However, there are some vendors in South Korea that manufacture commercial aircraft parts for Airbus SAS and The Boeing Co.
The Commercial Aircraft Manufacturing market in South Korea is expected to witness high growth in the coming years. The Commercial Aircraft Parts Manufacturing market in South Korea and MRO market in South Korea are expected to reach US$1,541.9 million and US$1,343.6 million, respectively, by 2018. The leading companies in South Korea that manufacture commercial aircraft parts and offer MRO are Korea Aerospace Industries Ltd. (KAI) and Korean Air Lines Co. Ltd. 
 Source: TechNavio Analysis
There are several factors that drive the growth of the Commercial Aircraft Manufacturing market in South Korea. Growth in air passenger traffic is expected to boost the growth of the Commercial Aircraft Manufacturing market in the country. Increasing government support and foreign investments in the Aviation sector in South Korea are also expected to fuel the growth in domestic aircraft manufacturing activities in the country. In addition, the increase in airport infrastructure development initiatives undertaken by the government would lead to more demand for commercial aircraft in South Korea.
Despite the growth prospects in the Commercial Aircraft Manufacturing market in South Korea, the market is pegged with certain growth inhibitors. Some of the key challenges confronting the market are fluctuating jet oil prices and heavy reliance on the import of commercial aircraft. There is no company in South Korea that completely manufactures commercial aircraft, which forces domestic airline companies to rely on the import of commercial aircraft.
Despite the presence of these challenges, the Commercial Aircraft Manufacturing market in South Korea is witnessing some emerging trends in the market. One of the key trends is the growing focus on aviation safety measures to improve safety performance of aircraft. Another major trend in the market is the increasing focus on commercial aircraft manufacturing activities in South Korea.

 

 

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report


03.1 Commercial Aircraft Manufacturing Market in South Korea

03.2 Commercial Aircraft Parts Manufacturing Market in South Korea

03.2.1 Gas Turbine Engines

03.2.2 Landing Gears

03.2.3 Windows and Windshields

03.2.4 Lighting

03.2.5 Structure

03.2.6 Other Parts

03.3 MRO Market in South Korea

03.3.1 Engine Services

03.3.2 Airframe Services

03.3.3 Components Services

04. Market Research Methodology

04.1 Market Research Process

04.2 Research Methodology

05. Introduction

06. Market Landscape: South Korea


06.1 Industry Overview

06.1.1 South Korea: Snapshot

06.2 Macroeconomic Indicators in South Korea

06.3 Five Forces Analysis

07. Aircraft Manufacturing Market in South Korea

07.1 Market Overview

07.2 Market Size and Forecast

08. Commercial Aircraft Parts Manufacturing Market in South Korea

08.1 Market Overview

08.2 Supply Chain Analysis

08.3 Market Size and Forecast

08.4 Manufacturing Clusters of Aircraft Parts Market in South Korea

09. MRO Market in South Korea

09.1 Market Overview

09.2 Supply Chain Analysis

09.3 Market Size and Forecast

09.4 Service Offering of Key MRO Vendors

09.5 MRO Services by Types

10. Key Market Activities

10.1 Growth in Commercial Aircraft and Parts Manufacturing Markets in South Korea

10.2 US and UK Key Export Destinations for Aircraft and Aircraft Parts Manufacturers in South Korea

10.3 Bombardier to Setup Joint Development Facility for 90-seat Turboprop in South Korea

10.4 KAI Looking for Expansion in Commercial Aircraft Sector in South Korea

10.4.1 Major Airports in South Korea

11. Training Institutes in South Korea

12. Market Drivers

13. Drivers and their Impact

14. Market Challenges

15. Impact of Drivers and Challenges

16. Market Trends

17. Trends and their Impact

18. Vendor Landscape


18.1 Competitive Scenario

18.2 Major Players in Commercial Aircraft and Parts Manufacturing Markets in South Korea

18.3 Other Prominent Vendors

18.4 Industry Associations

19. Key Vendor Analysis

19.1 Hyune Aero-Specialty Inc.

19.1.1 Business Overview

19.1.2 Product Segmentation

19.1.3 Key Information

19.1.4 SWOT Analysis

19.2 Korea Aerospace Industries Ltd.

19.2.1 Business Overview

19.2.2 Business Segmentation

19.2.3 Key Information

19.2.4 SWOT Analysis

19.3 S&K Aerospace Co. Ltd.

19.3.1 Business Overview

19.3.2 Business Segmentation

19.3.3 Key Information

19.3.4 SWOT Analysis

19.4 Soosung Airframe Ind. Ltd.

19.4.1 Business Overview

19.4.2 Product Segmentation

19.4.3 Key Information

19.4.4 SWOT Analysis

20. Other Reports in this Series



List of Exhibits

Exhibit 1: Market Research Methodology

Exhibit 2: Aircraft Manufacturing Market in South Korea

Exhibit 3: Commercial Aircraft Parts Manufacturing and MRO Markets in South Korea

Exhibit 4: Defense Aircraft Manufacturing Market in South Korea (US$ million)

Exhibit 5: Defense Aircraft Manufacturing Market in South Korea  2013 (US$ million)

Exhibit 6: Supply Chain of Commercial Aircraft Parts Manufacturing Market in South Korea

Exhibit 7: Commercial Aircraft Parts Manufacturing Market in South Korea 2013-2018 (US$ million)

Exhibit 8: Manufacturing Clusters of Aircraft Parts Market  in South Korea

Exhibit 9: Supply Chain of MRO Market in South Korea

Exhibit 10: MRO Market in South Korea 2013-2018 (US$ million)

Exhibit 11: Service Offering of Key MRO Vendors

Exhibit 12: MRO Services by Types

Exhibit 13: Commercial Aircraft  and Parts Manufacturing Market in South Korea  2010-2012 (US$ million)

Exhibit 14: Aircraft and Aircraft Parts Export by South Korea 2012 (Percent)

Exhibit 15: Major Airports in South Korea

Exhibit 16: Air Passenger Traffic in South Korea 2008-2012 (million)

Exhibit 17: Global Jet Oil Prices 2009-2012 (US$ per barrel)

Exhibit 18: Product Segmentation of Hyune Aero-Speciality Inc.

Exhibit 19: Business Segmentation of Korea Aerospace Industries Ltd.

Exhibit 20: Business Segmentation of S&K Aerospace Co. Ltd.

Exhibit 21: Product Segmentation of Soosung Airframe Ind. Ltd.


 


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