Turkish Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2024
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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$29.8 billion in 2024. As a percentage of GDP, the country’s defense expenditure will average 2.22% over the forecast period, which is marginally declining compared to an average of 1.70% recorded during the historic period.
Reasons to Buy
– This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Turkish defense industry market trends for the coming five years
– The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
– Profiles of the top domestic and foreign defense manufacturers . This will provide the user with a total competitive landscape of the sector
– A deep qualitative analysis of the Turkish defense industry covering sections including demand drivers, Key Trends , and latest industry contracts
Roketsan,Makina ve Kimya Endüstrisi Kurumu (MKEK),Aselsan,Turkish Aerospace Industries (TAI),Havelsan,Tusas Engine Industries (TEI),FNSS Defense,Systems Company,Istanbul Shipyard,
Table of Contents
Table of Contents
LIST OF FIGURES
LIST OF TABLES
1.1. What is this Report About?
1.3. Summary Methodology
1.4. About GlobalData
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Conditions
3.1.1. Primary threat perception
3.1.2. Military doctrine and strategy
3.1.3. Procurement Programs
126.96.36.199. Ongoing procurement programs
188.8.131.52. Future procurement programs
184.108.40.206. Top Procurement Programs by Value (US$ 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
9.1. About GlobalData
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