Turkey Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

Turkey Defense Market Report Overview

The Turkish defense market budget is worth $15.9 billion in 2023 and is expected to achieve a CAGR of more than 1% during 2024-2028. The Turkish defense market research report provides the market size forecast and the projected growth rate for the next five years.

Turkey Defense Market Outlook 2023 – 2028 ($ Billion)

Turkey Defense Market Outlook 2023 – 2028 ($ Billion)

The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.

Market Size (2023)  $15.9 billion
CAGR (2024-2028)  >1%
Historical Period 2019-2023
Forecast Period 2024-2028
Key Sectors Military Fixed-Wing Aircraft, Naval Vessels and Surface Combatants, Military Rotorcraft, Military Land Vehicles, Missiles and Missile Defense Systems, and Submarines
Leading Companies Turk Telekomunikasyon AS, Aselsan Elektronik Sanayi Ve Ticaret AS, FNSS Savunma Sistemleri AS, Baykar Technologies, Bogazici Yazilim AS, Elektroland Defence, Esetron, Hoytek, Kale Holding AS, ROKETSAN A.S., Sefine Shipyard, Turkish Technic Inc, Turksat AS, and Turmaks Group
Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

Buy the full report to gain more information about the Turkey defense market forecast, download a free report sample

Turkey Defense Market Dynamics

The reduction in foreign dependency for military equipment has been an influential factor resulting the Turkey Defense market growth. By 2023, the country’s goal is to have 75% of Turkish military requirements met by the domestic defense industry. This goal has subsequently led to significant government R&D investment in a number of locally-produced projects. The push to develop new technologies will help Turkey put out unique and innovative products into the export market, keeping its offerings competitive in the global marketplace. However, one area of development is in UAVs.

Some of the major procurement programs in the Turkey Defense market include the development of TF-X and TF-2000-class fighter aircrafts. However, factors such as bureaucratic issues, corruption and malpractices, and tumultuous economic performances might cause hindrances to the Turkey defense market growth during the projected period.

Buy the full report for more insights on Turkey defense market dynamics or download a free sample report

Turkey Military Doctrines and Defense Strategies

The primary objective of the Turkish Security Policy is the preservation and protection of the independence and the territorial and national integrity of the republic, and all its rights emanating from international law and treaties. The key objectives of Turkey’s Security Policy include the protection of sovereignty and territorial integrity, reduction of international tensions, prevention with credible deterrence through threats or use of force, and surge in emphasis on contributions and benefits of collective security systems.

The 2019–23 Strategic Plan, published by the SSB, looks at some of the key goals and objectives relating to the Turkish armed forces as well as the defense industry within the five-year period. Turkey’s National Security Policy Document (MGSB), informally known as the ‘red-book’, is one of the most significant policy documents in relation to the country’s security strategy. This document reflects the defense policy ascribed by the National Security Council (NSC), the government agency tasked with looking at developing national security policy which includes foreign policy, domestic threats, and other military-related concerns.

Download a free sample or buy the full report for additional insights on the turkey military doctrines and defense strategies.

Turkey Defense Market Segmentation by Sectors

The key sectors in the Turkey defense market are military fixed-wing aircraft, naval vessels and surface combatants, military rotorcraft, military land vehicles, missiles and missile defense systems, and submarines among others. Between 2023 and 2028, the military fixed-wing aircraft segment is expected to be the leading sector in the Turkey defense market, followed by naval vessels and surface combatants.

Turkey Defense Market Analysis by Sectors 2023-2028 (%)

Turkey Defense Market Analysis by Sectors

Buy the full report for more sector insights into the Turkey defense market, download a free report sample

Turkey Defense Market - Competitive Landscape

Some of the leading defense companies in Turkey are Turk Telekomunikasyon AS, Aselsan Elektronik Sanayi Ve Ticaret AS, FNSS Savunma Sistemleri AS, Baykar Technologies, Bogazici Yazilim AS, Elektroland Defence, Esetron, Hoytek, Kale Holding AS, ROKETSAN A.S., Sefine Shipyard, Turkish Technic Inc, Turksat AS, and Turmaks Group among others.

Key Segments Covered in this Report.

Turkey Defense Sector Outlook (%, 2023-2028)

  • Military Fixed-Wing Aircraft
  • Naval Vessels and Surface Combatants
  • Military Rotorcraft
  • Military Land Vehicles
  • Missiles and Missile Defense Systems
  • Submarines

Scope

The report provides an in-depth analysis of the following –

  • Turkey defense budget: detailed analysis of the Turkey 2023 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
  • Regulation: the procurement policy and the process is explained. This is coupled with an analysis of the Turkey military doctrine and strategy to provide a comprehensive overview of Turkey military procurement regulation.
  • Security Environment: political alliances and perceived security threats to Turkey are examined; there help to explain trends in spending and modernization.
  • Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
  • Competitive landscape and strategic insights: analysis of the competitive landscape of Turkey’s defense industry.

Reasons to Buy

  • Determine prospective investment areas based on a detailed trend analysis of the Turkey defense market over the next five years.
  • Gain an in-depth understanding of the underlying factors driving demand for different defense and internal security segments in the Turkey market and identify the opportunities offered.
  • Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others.
  • Identify the major threats that are driving the Turkey defense market providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channel resources by focusing on the ongoing programs that are being undertaken by the Turkey government.
  • Make correct business decisions based on an in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also include information about the key products, alliances, recent contracts awarded, and financial analysis, wherever available.

Turkish Aerospace Industries Inc
Gölcük Naval Shipyard
BMC Otomotiv Sanayi ve Ticaret AS
Otokar Otomotiv ve Savunma Sanayi AS

Table of Contents

  • 1. Executive Summary
  • 2. Defense Budget Assessment
  • 2.1 Budgeting Process
  • 2.2 Defense Market Size Historical And Forecast
  • 2.3 Extra-budgetary Funds
  • 2.4 Drivers Of Defense Expenditure
  • 2.5 Analysis Of Defense Budget Allocation
  • 2.6 Key Market Trends and Insights
  • 3. Military Doctrine And Security Environment
  • 3.1 Military Doctrine And Strategy
  • 3.2 Strategic Alliances and Geopolitics
  • 3.3 Political, Social and Economic Scenario
  • 4. Market Entry Strategy And Regulations
  • 4.1 Defense Procurement Bodies
  • 4.2 Funding Opportunities
  • 4.3 Trade Associations and Defense Clusters
  • 4.4 Types of Contracts and Opportunities
  • 4.5 Types of Procurement Procedures
  • 4.6 Procurement Policy and Market Regulations
  • 4.7 Offset Multipliers
  • 4.8 Market Entry Routes
  • 4.9 Key Challenges
  • 4.10 Major Deals and M&A
  • 5. Market Attractiveness And Emerging Opportunities
  • 5.1 Market Attractiveness, 2023–28
  • 5.2 Top Defense Segments By Value
  • 6. Defense Platform Acquisitions
  • 6.1 TF-X
  • 6.2 TF-2000-class
  • 6.3 Altay Battle Tanks-Future Program
  • 6.4 S-400
  • 6.5 T625 Gökbey
  • 6.6 T129 ATAK
  • 6.7 Tulpar Armored Combat Vehicle
  • 6.8 S/T-70
  • 7. Fleet Size
  • 8. Competitive Landscape
  • 8.1 Defense Companies Operating In Vietnam
  • 8.2 Main Defense Companies
  • 9. Appendix
  • 9.1 About This Report
  • 9.2 About Us
  • 9.3 Contact Us

Frequently asked questions

Turkey Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028 thematic reports
Currency USD
$1,250

Can be used by individual purchaser only

$2,500

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Turkey Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Turkey Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028 in real time.

  • Access a live Turkey Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.