1. Market Research
  2. > Aerospace and Defence Market Trends
  3. > Future of the Turkish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020

Summary
The Turkish defense market will be driven by the country's tensed relation with Greece, threats by the Kurdish Workers Party (PKK), participation in the peacekeeping missions, and the reduction in foreign dependency for military equipment. Also the capital expenditure allocation is anticipated to average 30.2% of the total defense budget during 2016-2020 and procurement of defense equipment are expected to be in the areas of multi-role aircraft, missile defense systems, corvettes, and main battle tanks (MBT's).

Key Findings
- During 2011-2015, Turkish defense expenditure registered a growth rate of -3.70%, decreasing from US$14.1 billion in 2011 to US$12.2 billion in 2015

- Military expenditure is anticipated to register a CAGR of 5.33% during 2016-2020, to value US$16.1 billion in 2020

- A strained relationship with Greece, instability within the region, peacekeeping missions, and a reduction in foreign dependency for military equipment is expected to drive defense expenditure over the forecast period

- Demand for equipment is mainly expected to revolve around multi-role aircraft, missile defense systems, corvettes, and main battle tanks (MBT's) during 2016-2020

Synopsis
Strategic Defense Intelligence's report - Future of the Turkish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020 offers detailed analysis of the industry with market size forecasts from 2016-2020. This report will also analyze factors that influence demand in the industry, key market trends, and challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following:

- Defense industry market size and drivers: detailed analysis of the defense industry during 2016-2020, including highlights of the demand drivers and growth stimulators. 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 the army, navy, and air force. It also details the key challenges faced by defense market participants within the country

- Porter's Five Force analysis of the defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, buyers, threat of substitution, intensity of rivalry, and barriers to entry

- Import and Export Dynamics: analysis of prevalent trends in the country's imports and exports over the last five years

- Market opportunities: details of the top five defense investment opportunities from 2015 to 2025

- Competitive landscape and strategic insights: including an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis

Reasons To Buy
- Identify and track the global defense market and make regional comparisons to effectively target new revenue streams

- Understand the importance of being led by the defense ministries in the military procurement market and define your strategies with insight on what your customers really want by analyzing recent orders, technical specifications and the country's expected investment pattern during 2016-2020

- Make correct business decisions based on detailed analysis of the defense industry from 2016-2020 which includes the total competitive landscape of the sector with detailed profiles of the top domestic and foreign defense manufacturers along with information about their products, alliances, recent contract wins and financial analysis

- Determine prospective investment areas by gaining an in-depth understanding of the industry in terms of market opportunities

- Channelize resources by identifying various military requirements that are expected to generate revenues across different sectors during 2016-2020

Table Of Contents

Future of the Turkish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020
Table of Contents
1 Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. SDI Research Terrorism Index
1.5. About Strategic Defence Intelligence
2 Executive Summary
3 Market Attractiveness and Emerging Opportunities
3.1. Defense Market Size Historical and Forecast
3.1.1. Turkey defense expenditure expected to grow steadily during the forecast
3.1.2. A strained relationship with Greece, instability within the region, peacekeeping missions, and a reduction in foreign dependency for military equipment will drive Turkish defense expenditure over the forecast period
3.1.3. Military expenditure as a percentage of GDP is expected to decline during 2016-2020
3.2. Analysis of Defense Budget Allocation
3.2.1. Capital expenditure share expected to increase over the forecast period
3.2.2. Capital expenditure expected to increase over the forecast period
3.2.3. Turkeys revenue expenditure expected to register a growth rate of 5.62% during the forecast period
3.2.4. Per-Capita defense expenditure expected to increase over the forecast period
3.3. Homeland Security Market Size and Forecast
3.3.1. Homeland security (HLS) expenditure expected to grow steadily during the forecast period
3.3.2. Threats from separatists and extremists, Syrian conflict, illegal immigration, and drug trade to drive homeland security expenditure
3.3.3. Turkey faces a moderate level of terrorist threat
3.4. Benchmarking with Key Global Markets
3.4.1. Turkish defense expenditure expected to remain low compared to leading spenders
3.4.2. The country's defense budget is high compared to its regional countries
3.4.3. Turkey defense expenditure as a percentage of GDP is expected to decrease
3.4.4. Turkey faces moderate threat from foreign terrorist organizations
3.5. Market Opportunities: Key Trends and Growth Stimulators
3.5.1. Multi-Role Aircraft
3.5.2. Missile Defense System
3.5.3. Corvettes
3.5.4. Main Battle Tanks (MBT)
4 Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Defense imports expected to decrease during 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 2010-2014
4.2. Export Market Dynamics
4.2.1. Turkey aims to increase defense exports over the forecast period
4.2.2. Saudi Arabia emerged as the largest importer of Turkish defense equipment during the period 2010-2014
4.2.3. Armored Vehicles accounted for the major defense exports during 2010-2014
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 in order to develop the country's domestic industrial defense base
6.2. Market Entry Route
6.2.1. Joint venture provides market entry opportunity for foreign OEMs
6.2.2. 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. Completion of military modernization plans, project delays, and cost escalation expected to limit new projects
7 Competitive Landscape and Strategic Insights
7.1. Competitive Landscape Overview
7.2. Key Foreign Companies
7.2.1. Howaldtswerke-Deutsche Werft (HDW): Overview
7.2.2. Howaldtswerke-Deutsche Werft: recent announcements and strategic initiatives:
7.2.3. Howaldtswerke-Deutsche Werft: Major Products and Services
7.2.4. Howaldtswerke-Deutsche Werft: alliances
7.2.5. Howaldtswerke-Deutsche Werft: recent contract wins
7.2.6. Lockheed Martin: overview
7.2.7. Lockheed Martin: Major Products and Services
7.2.8. Lockheed Martin: recent announcements and strategic initiatives:
7.2.9. Lockheed Martin: Alliances
7.2.10. Lockheed Martin: Recent Contract Wins
7.2.11. BAE Systems: overview
7.2.12. BAE Systems: Major products and services
7.2.13. BAE Systems: recent announcements and strategic initiatives
7.2.14. BAE Systems: Alliances
7.2.15. BAE Systems: Recent Contract Wins
7.3. Key Public Companies
7.3.1. Otokar: overview
7.3.2. Otokar: Major products and services
7.3.3. Otokar: recent announcements and strategic initiatives
7.3.4. Otokar: alliances
7.3.5. Otokar: recent contract wins
7.3.6. Otokar: Financial Analysis
7.3.7. Roketsan: overview
7.3.8. Roketsan: products and services
7.3.9. Roketsan: recent announcements and strategic initiatives.
7.3.10. Roketsan: alliances
7.3.11. Roketsan: recent contract wins
7.3.12. Makina ve Kimya Endüstrisi Kurumu (MKEK): overview
7.3.13. Makina ve Kimya Endüstrisi Kurumu (MKEK): products and services
7.3.14. Makina ve Kimya Endüstrisi Kurumu (MKEK): Alliances
7.3.15. Aselsan: overview
7.3.16. Aselsan: products and services
7.3.17. Aselsan: recent announcements and strategic initiatives
7.3.18. Aselsan: Alliances
7.3.19. Aselsan: recent contract wins
7.3.20. Aselsan: Financial Analysis
7.3.21. Turkish Aerospace Industries (TAI): overview
7.3.22. Turkish Aerospace Industries: products and services
7.3.23. Turkish Aerospace Industries: Recent Announcements and Strategic Initiatives
7.3.24. Turkish Aerospace Industries: Alliances
7.3.25. Turkish Aerospace Industries: Recent Contract Wins
7.3.26. Havelsan: overview
7.3.27. Havelsan: products and services
7.3.28. Havelsan: Recent announcements and Strategic Initiatives
7.3.29. Havelsan: Alliances
7.3.30. Havelsan: Recent contract wins
7.4. Key Private Sector Companies
7.4.1. Tusas Engine Industries (TEI): overview
7.4.2. Tusas Engine Industries: products and services
7.4.3. Tusas Engine Industries, Inc. (TEI): recent announcements and strategic initiatives
7.4.4. Tusas Engine Industries, Inc. (TEI): Alliances
7.4.5. Tusas Engine Industries, Inc. (TEI): Alliances
7.4.6. FNSS Defense Systems Co: overview
7.4.7. FNSS Defense Systems Co: Major Products and Services
7.4.8. FNSS Defense Systems Co: Recent announcements and strategic initiatives
7.4.9. FNSS Defense Systems: Alliances
7.4.10. FNSS Defense Systems Co: Recent Contract Wins
7.4.11. Istanbul Shipyard: Overview
7.4.12. Istanbul: products and services
7.4.13. Istanbul Shipyard: Recent announcements and strategic initiatives
7.4.14. Istanbul Shipyard: Recent contract wins
8 Business Environment and Country Risk
8.1. Demographics and Social Statistics
8.1.1. Urban Population
8.1.2. Rural Population
8.1.3. Number of Households
8.2. Economic Performance
8.2.1. GDP Per Capita
8.2.2. GDP, Current Prices
8.2.3. Consumer Price Index
8.2.4. Wholesale Price Index
8.2.5. Local Currency Unit per USD
8.2.6. Deposit Rate
8.2.7. Goods Exports as % of GDP
8.2.8. Goods Imports as % of GDP
8.2.9. Goods Trade Surplus/Deficit as % of GDP
8.2.10. Service Imports as % of GDP
8.2.11. Service Exports as % of GDP
8.2.12. Service Trade Surplus/Deficit as % of GDP
8.2.13. Foreign Direct Investments
8.2.14. International reserves, including gold
8.2.15. Market Capitalization of listed companies
8.2.16. Market Capitalization of listed companies as % of GDP
8.3. Energy and Utilities
8.3.1. Conventional Thermal Electricity Net Generation (Billion kWh)
8.3.2. Conventional Thermal Electricity Installed Capacity (Billion kW)
8.3.3. Petroleum Consumption
8.3.4. Total Non-Hydro Renewable Electricity Net Generation (Billion kW)
8.3.5. Proved Reserves of Natural Gas (Trillion Cubic Feet)
8.3.6. Hydro Electricity Net Generation (Billion kWh)
8.4. Infrastructure
8.4.1. Air Transport, Freight (million ton-km)
8.4.2. Rail Lines
8.4.3. Roads, Total network
8.4.4. Overall Construction
8.5. Minerals
8.5.1. Mining, Manufacturing, Utilities Output
8.6. Technology
8.6.1. Patents Granted
8.6.2. Research and Development Expenditure
8.7. Telecommunication
8.7.1. Telephone lines
8.7.2. Telephone lines Penetration Rate
9 Appendix
9.1. About SDI
9.2. Disclaimer

List of Tables
Table 1: Turkish Defense Expenditure (US$ Billion), 2011-2015
Table 2: Turkish Defense Expenditure (US$ Billion), 2016-2020
Table 3: Turkish Defense Expenditure (TRY Billion), 2011-2015
Table 4: Turkish Defense Expenditure (TRY Billion), 2016-2020
Table 5: Turkish GDP Growth versus Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2011-2015
Table 6: Turkish GDP Growth versus Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2016-2020
Table 7: Turkish Defense Budget Split Between Capital and Revenue Expenditure (%), 2011-2015
Table 8: Turkish Defense Budget Split Between Capital and Revenue Expenditure (%), 2016-2020
Table 9: Turkish Defense Capital Expenditure (US$ billion), 2011-2015
Table 10: Turkish Defense Capital Expenditure (US$ billion), 2016-2020
Table 11: Turkish Defense Capital Expenditure (TRY billion), 2011-2015
Table 12: Turkish Defense Capital Expenditure (TRY billion), 2016-2020
Table 13: Turkish Defense Revenue Expenditure (US$ Billion), 2011-2015
Table 14: Turkish Defense Revenue Expenditure (US$ billion), 2016-2020
Table 15: Turkish Defense Revenue Expenditure (TRY Billion), 2011-2015
Table 16: Turkish Defense Revenue Expenditure (TRY billion), 2016-2020
Table 17: Turkish Per Capita Defense Expenditure (US$), 2011-2015
Table 18: Turkish Per Capita Defense Expenditure (US$), 2016-2020
Table 19: Turkish Homeland Security Budget (US$ Billion), 2011-2015
Table 20: Turkish Homeland Security Budget (US$ Billion), 2016-2020
Table 21: Turkish Homeland Security Budget (TRY Billion), 2011-2015
Table 22: Turkish Homeland Security Budget (TRY Billion), 2016-2020
Table 23: Benchmarking with Key Markets - 2011-2015 vs. 2016-2020
Table 24: SDI Terrorism Index
Table 25: Offset Regulations in Turkey
Table 26: Technological Cooperation, Investment, and RandD Multiplier Provision
Table 27: Multipliers for Export Related Systems
Table 28: Market Entry by Key Foreign Companies
Table 29: Market Entry by Key Foreign Companies
Table 30: Howaldtswerke-Deutsche Werft (HDW) - Major Products and Services
Table 31: Howaldtswerke-Deutsche Werft - Alliances
Table 32: Howaldtswerke-Deutsche Werft (HDW) - Recent Contract Wins
Table 33: Lockheed Martin - Major Products and Services
Table 34: Lockheed Martin - Alliances
Table 35: Lockheed Martin - Recent Contract Wins
Table 36: BAE Systems - Major Products and Services
Table 37: BAE Systems - Alliances
Table 38: BAE Systems - Recent Contract Wins
Table 39: Otokar - Major Products and Services
Table 40: Otokar - Alliances
Table 41: Otokar - Recent Contract Wins
Table 42: Roketsan - Major Products and Services
Table 43: Roketsan - Alliances
Table 44: Roketsan - Recent Contract Wins
Table 45: Makina ve Kimya Endüstrisi Kurumu (MKEK) - Major Products and Services
Table 46: Makina ve Kimya Endüstrisi Kurumu (MKEK) - Alliances
Table 47: Aselsan - Major Products and Services
Table 48: Aselsan - Alliances
Table 49: Aselsan - Recent Contract Wins
Table 50: Turkish Aerospace Industries (TAI) - Major Products and Services
Table 51: Turkish Aerospace Industries (TAI) - Alliances
Table 52: Turkish Aerospace Industries (TAI) - Recent Contract Wins
Table 53: Havelsan - Major Products and Services
Table 54: Havelsan - Alliances
Table 55: Havelsan - Recent Contract Wins
Table 56: Tusas Engine Industries, Inc. (TEI) - Major Products and Services
Table 57: Tusas Engine Industries, Inc. (TEI) - Alliances
Table 58: Tusas Engine Industries, Inc. (TEI) - Recent Contract Wins
Table 59: FNSS Defense Systems Co - Major Products and Services
Table 60:Tusas Engine Industries, Inc. (TEI) - Alliances
Table 61: FNSS Defense Systems Co - Recent Contract Wins
Table 62: Istanbul Shipyard - Major Products and Services
Table 63 Istanbul Shipyard - Recent Contract Wins

List of Figures
Figure 1: Turkish Defense Expenditure (US$ Billion), 2011-2015
Figure 2: Turkish Defense Expenditure (US$ Billion), 2016-2020
Figure 3: Turkish Defense Expenditure (TRY Billion), 2011-2015
Figure 4: Turkish Defense Expenditure (TRY Billion), 2016-2020
Figure 5: Turkish GDP Growth versus Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2011-2015
Figure 6: Turkish GDP Growth versus Defense Expenditure Growth and Defense Expenditure as Percentage of GDP Growth, 2016-2020
Figure 7:Turkish Defense Budget Split Between Capital and Revenue Expenditure (%), 2011-2015
Figure 8: Turkish Defense Budget Split Between Capital and Revenue Expenditure (%), 2016-2020
Figure 9: Turkish Defense Capital Expenditure (US$ billion), 2011-2015
Figure 10: Turkish Defense Capital Expenditure (US$ billion), 2016-2020
Figure 11: Turkish Defense Capital Expenditure (TRY billion), 2011-2015
Figure 12: Turkish Defense Capital Expenditure (TRY billion), 2016-2020
Figure 13: Turkish Defense Revenue Expenditure (US$ billion), 2011-2015
Figure 14: Turkish Defense Revenue Expenditure (US$ billion), 2016-2020
Figure 15: Turkish Defense Revenue Expenditure (TRY billion), 2011-2015
Figure 16: Turkish Defense Revenue Expenditure (TRY billion), 2016-2020
Figure 17: Turkish Per Capita Defense Expenditure (US$), 2011-2015
Figure 18: Turkish Per Capita Defense Expenditure (US$), 2016-2020
Figure 19: Turkish Homeland Security Budget (US$ Billion), 2011-2015
Figure 20: Turkish Homeland Security Budget (US$ Billion), 2016-2020
Figure 21: Turkish Homeland Security Budget (TRY Billion), 2011-2015
Figure 22: Turkish Homeland Security Budget (TRY Billion), 2016-2020
Figure 23: SDI Terrorism Heat Map, 2015
Figure 24: SDI Terrorism Index, 2015
Figure 25: Benchmarking with Key Markets - 2011-2015 vs. 2016-2020
Figure 26: Defense Expenditure of the World's Largest Military Spenders (US$ Billion), 2015 and 2020
Figure 27: Defense Expenditure as Percentage of GDP of Largest Military Spenders (%), 2015
Figure 28: Multi Role Aircraft Market Size (US$ Million), 2015-2025
Figure 29: Missile Defense System Market Size (US$ Million), 2015-2025
Figure 30: Corvettes Market Size (US$ Million), 2015-2025
Figure 31: Main Battle Tanks Market Size (US$ Million), 2015-2025
Figure 32: Turkey Defense Imports Trend, 2010-2014
Figure 33: Turkish Defense Imports by Country (%), 2010-2014
Figure 34: Turkish Defense Imports by Category (%), 2010-2014
Figure 35: Turkish Defense Exports Trend, 2010-2014
Figure 36: Turkish Defense Exports by Country (US$ million), 2010-2014
Figure 37: Turkish Defense Exports by Category (%), 2010-2014
Figure 38: Industry Dynamics Porter's Five Forces Analysis
Figure 39: Otokar - Revenue Trend Analysis, FY 2010-2014
Figure 40: Otokar - Operating Profit Trend Analysis, FY 2010-2014
Figure 41: Otokar - Net Profit Trend Analysis, FY 2010-2014
Figure 42: Aselsan - Revenue Trend Analysis, 2010-2014
Figure 43: Aselsan - Operating Profit Trend Analysis, 2010-2014
Figure 44: Aselsan - Net Profit Trend Analysis, 2010-2014
Figure 45: Turkish Urban Population (In Millions), 2015-2024
Figure 46: Turkish Rural Population (In Millions), 2015-2024
Figure 47: Turkish Number of Households (In Millions), 2008-2017
Figure 48: Turkish GDP Per Capita, 2015-2024
Figure 49: Turkish GDP Current Prices, 2015-2024
Figure 50: Turkish Consumer Price Index, 2015-2024
Figure 51: Turkish Wholesale Price Index, 2003-2012
Figure 52: Turkish LCU per USD, 2015-2024
Figure 53: Turkish Deposit Rate (%), 2003-2012
Figure 54: Turkish Good Exports as (% of GDP), 2003-2012
Figure 55: Turkish Good Imports as (% of GDP), 2003-2012
Figure 56: Turkish Goods Balance (% GDP), 2003-2012
Figure 57: Turkish Service Imports (% GDP), 2002-2011
Figure 58: Turkish Service Exports (% GDP), 2002-2011
Figure 59: Turkish Service Trade Surplus/Deficit (% GDP), 2002-2011
Figure 60: Turkish Foreign Direct Investments (BoP, current US$ billion), 2002-2011
Figure 61: Turkish International Reserves, including gold (US$ billion), 2003-2012
Figure 62: Turkish Market Capitalization of listed companies (US$ billion), 2003-2012
Figure 63: Turkish Market Capitalization of listed companies (% of GDP), 2003-2012
Figure 64: Turkish Conventional Thermal Electricity Net Generation (Billion Kilowatt Hours), 2002-2011
Figure 65: Turkey Conventional Thermal Electricity Installed Capacity (Million Kilowatts), 2001-2010
Figure 66: Turkish Petroleum Consumption (Thousand Barrels Per Day), 2004-2013
Figure 67: Turkish Total Non-Hydro Renewable Electricity Net Generation (Billion Kilowatts), 2003-2012
Figure 68: Turkish Proved Reserves of Natural Gas (Trillion Cubic Feet), 2005-2014
Figure 69: Hydro Electricity Net Generation (Billion Kilowatt Hours), 2003-2012
Figure 70: Turkish Air Transport, Freight (million ton-kilometers), 2003-2012
Figure 71: Turkish Rail Lines (total route-km), 2002-2011
Figure 72: Turkish Roads, total network (total route-km), 2003-2011
Figure 73: Turkish Overall Construction (US$ million), 2006-2014
Figure 74: Turkish Mining, Manufacturing, Utilities Output (US$ billion), 2003-2012
Figure 75: Turkish Patents Granted, 2004-2013
Figure 76: Turkish Research and Development Expenditure (LCU thousands), 2001-2010
Figure 77: Turkish Telephone lines (in million), 2003-2012
Figure 78: Turkish Telephone lines Penetration Rate (per 100 people) 2003-2012

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Europe Defense Spends on C4ISR Electronics and IT: 2016 to 2024

Europe Defense Spends on C4ISR Electronics and IT: 2016 to 2024

  • $ 7999
  • Industry report
  • August 2016
  • by Strategic Defence Intelligence (SDI)

Summary Strategic Defense Intelligence in its report "Europe Defense Spends on C4ISR Electronics and IT: 2016 to 2024" provides quantitative top-level view of projected spends on C4ISR Electronics and ...

Global Defense Spends (Air Force, Army and Navy) - 2012 to 2020

Global Defense Spends (Air Force, Army and Navy) - 2012 to 2020

  • $ 7999
  • Industry report
  • August 2016
  • by Strategic Defence Intelligence (SDI)

Summary Strategic Defense Intelligence in its report "Global Defense Spends (Air Force, Army and Navy) - 2012 to 2020" has considered Revenue Expenditure which includes troop training, institutional education, ...

Europe Defense Spends on CBRN: 2016 to 2024

Europe Defense Spends on CBRN: 2016 to 2024

  • $ 7999
  • Industry report
  • August 2016
  • by Strategic Defence Intelligence (SDI)

Summary Strategic Defense Intelligence in its report "Europe Defense Spends on CBRN: 2016 to 2024" provides quantitative top-level view of projected spends on CBRN. According to Strategic Defense Intelligence, ...


ref:plp2015

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.