From 2013 to 2023, the value added of air and spacecraft and related machinery in Turkey experienced substantial growth, reaching 13.43 billion New Turkish Liras in 2023. The sector saw significant spikes in certain years, particularly notable in 2014, 2017, and 2018 with year-on-year growth rates of 57.47%, 39.65%, and 71.36%, respectively. The five-year CAGR peaked at 42.76% in 2018, before stabilizing at 7.56% by 2023. Over the last two years, the growth showed a modest year-on-year increase of around 6%.

Future trends to watch for:

Continued steady growth with a forecasted 5-year CAGR of 3.68% and an overall growth rate of 19.79% by 2028.
Technological advancements and modernization in the aerospace sector, which could further stimulate value addition.
Potential impacts of global economic conditions and regional stability on the aerospace market in Turkey.