In 2023, Turkey's R&D budget for defense was valued at 1.55 Billion US Dollars PPP. Forecasted values indicate an ascending trend from 2024 through 2028, with the budget expected to reach 1.81 Billion US Dollars PPP by 2028. Year-on-year variations showcase average annual increases of approximately 3.75% between 2024 and 2028. Over the last two years, the defense R&D budget grew by 3.61% on average each year, with a CAGR of 3.75% for the five-year period ending in 2028.
Future trends to watch for include:
- Increasing geopolitical tensions may drive further increases in R&D budgets. - Technological advancements in defense requiring higher investments. - Government policy changes influencing budget allocations. - Potential collaborative defense R&D projects with other nations.
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