Future of the Turkish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023

  • ID: 4480176
  • Report
  • Region: Turkey
  • 77 pages
  • Strategic Defence Intelligence
1 of 6
Turkish Defense Expenditure Stands at US$10.7 Billion in 2018 Says Latest Report

FEATURED COMPANIES

  • Aselsan
  • BAE
  • FNSS Defense
  • Hyundai Rotem
  • Istanbul Shipyard
  • Lockheed Martin
  • MORE

Summary

The Future of the Turkish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022, 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.

Scope

  • 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
READ MORE
Note: Product cover images may vary from those shown
2 of 6

FEATURED COMPANIES

  • Aselsan
  • BAE
  • FNSS Defense
  • Hyundai Rotem
  • Istanbul Shipyard
  • Lockheed Martin
  • MORE

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

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

8. Appendix
8.1. About the Author
8.2. Disclaimer

List of Tables
Table 1: Turkey - Army Strength
Table 2: Turkey - Navy Strength
Table 3: Turkey - Air Force Strength
Table 4: Turkey - Ongoing Procurement Programs
Table 5: Turkish Future Procurement Programs
Table 6: Turkey - Defense Expenditure (TRY Billion and US$ Billion), 2014-2023
Table 7: Turkey - GDP Growth vs Defense Expenditure According to Percentage of GDP Growth, 2014-2023
Table 8: Turkey - Defense Budget Split by Capital and Revenue Expenditure (%), 2014-2023
Table 9: Turkey - Defense Capital Expenditure (TRY Billion and US$ Billion), 2014-2023
Table 10: Turkey - Per Capita Defense Expenditure (US$), 2014-2023
Table 11: Turkey - Homeland Security Expenditure (TRY Billion and US$ Billion), 2014-2023
Table 12: Terrorism Index, 2018
Table 13: Benchmarking with Key Markets - 2014-2018 vs 2019-2023
Table 14: Top 10 Turkey Defense Market Sectors by Value (US$ Million) - 2018-2023
Table 15: Turkey - Offset Regulations (%)
Table 16: Turkey - Technological Cooperation, Investment, and R&D Multiplier Provision
Table 17: Multipliers for Export Related Systems
Table 18: Turkey - Budget Formation Timetable
Table 19: Turkey - Market Entry by Key Foreign Companies
Table 20: Turkey - Market Entry by Key Foreign Companies
Table 21: Turkey - Competitive Landscape of Defense Industry, 2018

List of Figures
Figure 1: Turkey - Defense Expenditure (TRY Billion), 2014-2023
Figure 2: Turkish Defense Expenditure (US$ Billion), 2014-2023
Figure 3: Turkey - GDP Growth vs Defense Expenditure According to Percentage of GDP Growth, 2014-2023
Figure 4:Turkey - Defense Budget Split by Capital and Revenue Expenditure (%), 2014-2023
Figure 5: Turkey - Defense Capital Expenditure (TRY Billion), 2014-2023
Figure 6: Turkey - Defense Capital Expenditure (US$ Billion), 2014-2023
Figure 7: Turkish Per Capita Defense Expenditure (US$), 2014-2023
Figure 8: Turkey - Homeland Security Budget (TRY Billion), 2014-2023
Figure 9: Turkish Homeland Security Budget (US$ Billion), 2014-2023
Figure 10: Terrorism Heat Map, 2018
Figure 11: Terrorism Index, 2018
Figure 12: Benchmarking with Key Markets - 2014-2018 vs 2019-2023
Figure 13: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2018 and 2023
Figure 14: Defense Expenditure According to Percentage of GDP of Largest Military Spenders (%), 2018
Figure 15: Turkey - Defense Imports Trend (US$ Million), 2012-2016
Figure 16: Turkey - Defense Imports by Country (%), 2012-2016
Figure 17: Turkey - Defense Imports by Category (%), 2012-2016
Figure 18: Turkey - Defense Exports Trend, 2012-2016
Figure 19: Turkey - Defense Exports by Country (US$ Million), 2012-2016
Figure 20: Turkey - Defense Exports by Category (%), 2012-2016
Figure 21: Turkey - GDP Per Capita (US$), 2015-2025
Figure 22: Turkey - GDP Current Prices (US$ Billion), 2015-2025
Figure 23: Turkey - Export of Goods and Services (LCU Billion), 2005-2014
Figure 24: Turkey - Import of Goods and Services (LCU Billion), 2005-2014
Figure 25: Turkey - Gross National Disposable Income (US$ Billion), 2005-2012
Figure 26: Turkey - LCU per US$, 2015-2024
Figure 27: Turkey - Market Capitalization of Listed Companies (US$ Billion), 2005-2012
Figure 28: Turkey - Market Capitalization of Listed Companies (Percentage of GDP), 2005-2012
Figure 29: Turkey - Cash Surplus Deficit as (Percentage of GDP), 2008-2012
Figure 30: Turkey - Good Exports as a Percentage of GDP, 2005-2014
Figure 31: Turkey - Good Imports as a Percentage of GDP, 2005-2014
Figure 32: Turkey - Service Imports as a Percentage of GDP, 2005-2014
Figure 33: Turkey - Service Exports as a Percentage of GDP, 2005-2014
Figure 34: Turkey - Foreign Direct Investments (BoP, Current US$ Billion), 2005-2014
Figure 35: Turkey - Net Foreign Direct Investment as a Percentage of GDP, 2005-2014
Figure 36: Turkey - Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014

Note: Product cover images may vary from those shown
3 of 6

Loading
LOADING...

4 of 6
  • Aselsan
  • BAE
  • Boeing (McDonnell Douglas)
  • Construcciones Aeronáuticas SA (CASA)/ IPTN
  • FNSS Defense
  • General Atomics Aeronautical Systems
  • Howaldtswerke-Deutsche Werft (HDW)- Thyssenkrupp Marine Systems
  • Hyundai Rotem
  • Istanbul Shipyard
  • Korean Aerospace Industries
  • Lockheed Martin
  • Lockheed Sikorsky
  • Makina ve Kimya Endüstrisi Kurumu (MKEK)
  • Otokar
  • Roketsan
  • Samsung Techwin
  • Systems Company
  • Turkish Aerospace Industries (TAI), Havelsan
  • Tusas Engine Industries (TEI)
Note: Product cover images may vary from those shown
5 of 6
6 of 6
Note: Product cover images may vary from those shown
Adroll
adroll