Forecast: Number of High Growth Enterprises in Aircraft and Spacecraft in Turkey

The number of high growth enterprises in the Aircraft and Spacecraft sector in Turkey exhibited fluctuation from 2014 to 2023. The sector saw substantial growth from 2014 to 2019, followed by a notable decline in 2020 due to global disruptions. It then rebounded in 2021 and continued its upward trend through 2023, reaching 29 enterprises, demonstrating a recovery phase with a YoY increase of 16% and a 5.68% CAGR over the last five years.

From 2014, the sector saw impressive growth, especially in 2015 with a YoY increase of 128.57%. Between 2017 and 2019, growth rates remained positive. The sharp decline in 2020, at -52%, was a setback, but the subsequent recovery was vigorous, with notable increases in 2021 and 2022.

The forecast until 2028 remains optimistic with a forecasted 5-year CAGR of 1.3% and an average growth rate of 6.67% through this period. Key future trends to watch include advancements in aerospace technology, impact of global economic conditions, and policy changes in Turkey’s industrial strategy.