Turkish Defense Market Analysis & Forecast 2018-2023 - Expenditure Stands at $10.7 Billion in 2018

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.

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.

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.

Key Topics Covered

1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About the Author

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Conditions
3.1.1. Military fleet size
3.1.2. Procurement Programs
3.1.3. Key Drivers and Challenges
3.2. Defense Market Size Historical and Forecast
3.2.1. Turkey defense expenditure expected to grow during the forecast period
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
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. 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
3.4.3. Turkey faces a high level of terrorist threat
3.4.4. Turkey faces high level of threat from foreign terrorist organizations
3.4.5. Turkey has a terrorism index score of 7.5
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
3.6.1. Top 10 Defense market sectors by value (US$ Million) – Projections over period 2018-2023

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 2012-2016
4.2. Export Market Dynamics
4.2.1. Turkey aims to increase defense exports over the forecast period
4.2.2. Turkmenistan emerged as the largest importer of Turkish defense equipment during the period 2012-2016
4.2.3. Naval vessels accounted for the majority of defense exports during 2012-2016

5. Industry Dynamics
5.1. Market Regulation
5.1.1. The Turkish government encourages offsets to develop the country’s domestic industrial defense base
5.2. Market Entry Route
5.2.1. Budgeting Process
5.2.2. Procurement policy and process
5.2.3. Joint venture provides market entry opportunity for foreign OEMs
5.2.4. Joint research and development programs provide foreign OEMs with an opportunity for market entry

GOT NEWS? click here

possible to reach millions worldwide
Google News, Bing News, Yahoo News, 200+ publications

6. Competitive Landscape and Strategic Insights
6.1. Competitive Landscape Overview

7. Business Environment and Country Risk
7.1. Economic Performance
7.1.1. GDP per capita
7.1.2. GDP, current prices
7.1.3. Export of goods and services (LCU Billion)
7.1.4. Import of goods and services (LCU Billion)
7.1.5. Gross national disposable income (US$ Billion)
7.1.6. Local currency unit per US$
7.1.7. Market capitalization of listed companies
7.1.8. Market capitalization of listed companies as a percentage of GDP
7.1.9. Government cash surplus deficit as a percentage of GDP
7.1.10. Goods Exports as a percentage of GDP
7.1.11. Good imports as a percentage of GDP
7.1.12. Service imports as a percentage of GDP
7.1.13. Service exports as a percentage of GDP
7.1.14. Foreign direct investments
7.1.15. Net foreign direct investment as a percentage of GDP
7.1.16. Mining, manufacturing, utilities output