Turkish Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2024

Powered by

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

Turkish Defense Industry – Attractiveness, Competitive Landscape and Forecasts to 2024, published by GlobalData, 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 2020-2024, 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$14 billion in 2019, and registered a compound annual growth rate CAGR of 4.04% 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 18.13% over the forecast period to value US$29.8 billion in 2024. As a percentage of GDP, the country’s defense expenditure will average 2.22% over the forecast period, which is marginally declining compared to an average of 1.70% 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

Lockheed Martin,Lockheed Sikorsky,Korean Aerospace Industries,Boeing (McDonnell Douglas),Samsung Techwin,Hyundai Rotem,Howaldtswerke-Deutsche Werft (HDW)- Thyssenkrupp Marine Systems,BAE,General Atomics Aeronautical Systems,Otokar
Roketsan,Makina ve Kimya Endüstrisi Kurumu (MKEK),Aselsan,Turkish Aerospace Industries (TAI),Havelsan,Tusas Engine Industries (TEI),FNSS Defense,Systems Company,Istanbul Shipyard,

Table of Contents

Table of Contents



1. Introduction

1.1. What is this Report About?

1.2. Definitions

1.3. Summary Methodology

1.4. About GlobalData

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities

3.1. Current Market Conditions

3.1.1. Primary threat perception

3.1.2. Military doctrine and strategy

3.1.3. Procurement Programs Ongoing procurement programs Future procurement programs Top Procurement Programs by Value (US$ Million) 2019-2024

3.1.4. Geopolitical, Social and economic scenario

3.1.5. Political and strategic alliances

3.2. Defense Market Size Historical and Forecast

3.2.1. Turkey defense expenditure expected to grow during the forecast period

3.2.2. Turkish defense expenditure to rise over the forecast period

3.2.3. Military expenditure as a percentage of GDP is expected to decline over the forecast period

3.3. Analysis of Defense Budget Allocation

3.3.1. Share of capital expenditure to increase over the forecast period

3.3.2. Capital expenditure to increase over the forecast period

3.3.3. Key Trends in Turkish defense market

3.3.4. Per capita defense expenditure to rise over the forecast period

3.4. Homeland Security Market Size and Forecast

3.4.1. Homeland security (HLS) expenditure expected to grow over the forecast period

3.4.2. Threats driving homeland security expenditure

3.5. Benchmarking with Key Global Markets

3.5.1. Turkish defense expenditure expected to remain low compared to leading spenders

3.5.2. The country’s defense budget is high compared to its regional countries

3.5.3. Turkey defense expenditure as a percentage of GDP is expected to decrease

3.6. Market Opportunities: Key Trends and Growth Stimulators

3.6.1. Top Defense Market Categories by Value (US$ million) – Forecast-Period Projections

3.6.2. Physical Security

3.6.3. Multirole Aircraft

3.6.4. Main Battle Tank

4. Defense Procurement Market Dynamics

4.1. Import Market Dynamics

4.1.1. Defense imports expected to decrease over the forecast period

4.1.2. The US was the primary supplier of arms to Turkey

4.1.3. Aircraft were the major imported military hardware during 2014-2018

4.2. Export Market Dynamics

4.2.1. Turkey aims to increase defense exports over the forecast period

4.2.2. UAE emerged as the largest importer of Turkish defense equipment during the period 2014-2018

4.2.3. Armored Vehicles accounted for the majority of defense exports during 2014-2018

5. Industry Dynamics

5.1. Five Forces Analysis

5.1.1. Bargaining power of supplier: low

5.1.2. Bargaining power of buyer: high

5.1.3. Barrier to entry: medium

5.1.4. Intensity of rivalry: high

5.1.5. Threat of substitution: high

6. Market Entry Strategy

6.1. Market Regulation

6.1.1. The Turkish government encourages offsets to develop the country’s domestic industrial defense base

6.2. Market Entry Route

6.2.1. Budgeting Process

6.2.2. Procurement policy and process

6.2.3. Joint venture provides market entry opportunity for foreign OEMs

6.2.4. Joint research and development programs provide foreign OEMs with an opportunity for market entry

6.3. Key Challenges

6.3.1. Corruption poses a challenge to the success of defense deals

6.3.2. The completion of military modernization plans, project delays, and cost escalation to limit new projects

6.3.3. Devaluation of Turkish Lira in relation to US Dollar

7. Competitive Landscape and Strategic Insights

8. Business Environment and Country Risk

8.1. Economic Performance

8.1.1. GDP per capita

8.1.2. GDP, current prices

8.1.3. Export of goods and services (LCU Billion)

8.1.4. Import of goods and services (LCU Billion)

8.1.5. Gross national disposable income (US$ Billion)

8.1.6. Local currency unit per US$

8.1.7. Market capitalization of listed companies

8.1.8. Market capitalization of listed companies as a percentage of GDP

8.1.9. Government cash surplus deficit as a percentage of GDP

8.1.10. Goods Exports as a percentage of GDP

8.1.11. Good imports as a percentage of GDP

8.1.12. Service imports as a percentage of GDP

8.1.13. Service exports as a percentage of GDP

8.1.14. Foreign direct investments

8.1.15. Net foreign direct investment as a percentage of GDP

8.1.16. Mining, manufacturing, and utilities output

9. Appendix

9.1. About GlobalData

9.2. Disclaimer

Frequently asked questions

Turkish Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2024 thematic reports
Currency USD

Can be used by individual purchaser only


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

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

Turkish Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2024 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
Aerospace and Defense
Drones in defence: Aerial cargo delivery
$250 | December 2023
Aerospace and Defense
Electric Vehicles in Defense - Thematic Intelligence
$995 | November 2023
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 Turkish Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2024 in real time.

  • Access a live Turkish Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2024 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.