Future of the Turkish Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2023
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The Future of the Turkish Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2022, published by Strategic Defense Intelligence, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.
This report offers detailed analysis of the Turkish defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.
In particular, it provides an in-depth analysis of the following –
– The Turkish defense industry market size and drivers: detailed analysis of the Turkish defense industry during 2019-2023, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s expenditure and modernization patterns
– Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country
– Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
– Market opportunities:list of the top ten defense investment opportunities over the next 5 years
– Competitive landscape and strategic insights: analysis of the competitive landscape of the Turkish defense industry.
– Turkish defense expenditure stands at US$10.7 billion in 2018, and registered a compound annual growth rate (CAGR) of -5.94% during the historic period.
– The country’s strained relationship with Greece, persistent threats from the Kurdish Workers Party (PKK), active participation in peacekeeping missions, and the reduction in foreign dependency for military equipment procurement, drove defense expenditure during the historic period.
– With this trend expected to continue, expenditure is anticipated to register a CAGR of 8.36% over the forecast period to value US$15.8 billion in 2023.
– As a percentage of GDP, the country’s defense expenditure will average 1.36% over the forecast period, which is marginally declining compared to an average of 1.44% recorded during the historic period.
Reasons to Buy
– This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Turkish defense industry market trends for the coming five years
– The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
– Profiles of the top domestic and foreign defense manufacturers.This will provide the user with a total competitive landscape of the sector
– A deep qualitative analysis of the Turkish defense industry covering sections including demand drivers,Key Trends,and latest industry contracts
Construcciones Aeronáuticas SA (CASA)/ IPTN
Korean Aerospace Industries
Boeing (McDonnell Douglas)
Howaldtswerke-Deutsche Werft (HDW)- Thyssenkrupp Marine Systems
General Atomics Aeronautical Systems
Makina ve Kimya Endüstrisi Kurumu (MKEK)
Turkish Aerospace Industries (TAI)
Tusas Engine Industries (TEI)
Table of Contents
Table of Contents
1. Introduction 7
1.1. What is this Report About? 7
1.2. Definitions 7
1.3. Summary Methodology 9
1.4. About Strategic Defense Intelligence 10
2. Executive Summary 11
3. Market Attractiveness and Emerging Opportunities 13
3.1. Current Market Conditions 14
3.1.1. Military fleet size 14
3.1.2. Procurement Programs 18
3.1.3. Key Drivers and Challenges 19
3.2. Defense Market Size Historical and Forecast 21
3.2.1. Turkey defense expenditure expected to grow during the forecast period 21
3.2.2. Turkey’s strained relationship with Greece, increasing security threat from PKK and active involvement in peacekeeping missions to drive the defense industry 23
3.2.3. Military expenditure as a percentage of GDP is expected to decline over the forecast period 24
3.3. Analysis of Defense Budget Allocation 27
3.3.1. Share of capital expenditure to increase over the forecast period 27
3.3.2. Capital expenditure to increase over the forecast period 29
3.3.3. Per capita defense expenditure to rise over the forecast period 31
3.4. Homeland Security Market Size and Forecast 33
3.4.1. Homeland security (HLS) expenditure expected to grow over the forecast period 33
3.4.2. Threats driving homeland security expenditure 35
3.4.3. Turkey faces a high level of terrorist threat 36
3.4.4. Turkey faces high level of threat from foreign terrorist organizations 37
3.4.5. Turkey has a terrorism index score of
3.5. Benchmarking with Key Global Markets 40
3.5.1. Turkish defense expenditure expected to remain low compared to leading spenders 40
3.5.2. The country’s defense budget is high compared to its regional countries 42
3.5.3. Turkey defense expenditure as a percentage of GDP is expected to decrease 43
3.6. Market Opportunities: Key Trends 44
3.6.1. Top 10 Defense market sectors by value (US$ Million) – Projections over period 2018-2023 44
4. Defense Procurement Market Dynamics 45
4.1. Import Market Dynamics 46
4.1.1. Defense imports expected to decrease over the forecast period 46
4.1.2. The US was the primary supplier of arms to Turkey 47
4.1.3. Aircraft were the major imported military hardware during 2012-2016 48
4.2. Export Market Dynamics 49
4.2.1. Turkey aims to increase defense exports over the forecast period 49
4.2.2. Turkmenistan emerged as the largest importer of Turkish defense equipment during the period 2012-2016 50
4.2.3. Naval vessels accounted for the majority of defense exports during 2012-2016 51
5. Industry Dynamics 52
5.1. Market Regulation 52
5.1.1. The Turkish government encourages offsets to develop the country’s domestic industrial defense base 52
5.2. Market Entry Route 54
5.2.1. Budgeting Process 54
5.2.2. Procurement policy and process 56
5.2.3. Joint venture provides market entry opportunity for foreign OEMs 57
5.2.4. Joint research and development programs provide foreign OEMs with an opportunity for market entry 58
6. Competitive Landscape and Strategic Insights 59
6.1. Competitive Landscape Overview 59
7. Business Environment and Country Risk 61
7.1. Economic Performance 61
7.1.1. GDP per capita 61
7.1.2. GDP, current prices 62
7.1.3. Export of goods and services (LCU Billion) 63
7.1.4. Import of goods and services (LCU Billion) 64
7.1.5. Gross national disposable income (US$ Billion) 65
7.1.6. Local currency unit per US$ 66
7.1.7. Market capitalization of listed companies 67
7.1.8. Market capitalization of listed companies as a percentage of GDP 68
7.1.9. Government cash surplus deficit as a percentage of GDP 69
7.1.10. Goods Exports as a percentage of GDP 70
7.1.11. Good imports as a percentage of GDP 71
7.1.12. Service imports as a percentage of GDP 72
7.1.13. Service exports as a percentage of GDP 73
7.1.14. Foreign direct investments 74
7.1.15. Net foreign direct investment as a percentage of GDP 75
7.1.16. Mining, manufacturing, utilities output 76
8. Appendix 77
8.1. About SDI 77
8.2. Disclaimer 77
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