Free Submission Public Relations &
Deutsch English

Future of the Turkish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018

Turkey defence market: Military budget reaches $15.3 billion in 2013

Print article Print article
2014-01-22 09:53:02 - Future of the Turkish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 - a new market research report on

As one of Europe´s most attractive defence markets, Turkey allocated a military budget of US$15.3 billion in 2013, which increased at a CAGR of 3.3% during the review period. The country is expected to grow at a CAGR of 6.6% to reach US$21.3 billion by 2018. Turkey´s defence expenditure will largely be driven by a strained relationship with Greece, persistent terror threats, and instability within the region, considering the 28-year-old fight against the Kurdistan Workers´ Party (PKK) one of the major factors.The country has no plans to decrease its defence budget and is expected to increase its expenditure on procurement for the foreseeable future. The capital expenditure allocation of the defence budget averaged 26.4% during the review period and is



expected to increase to an average of 29.7% over the forecast period. This increase is primarily due to the country´s procurement plans including Joint Strike Fighter F-35, A400M transport aircraft and the Type-214 air-independent propulsion submarine and modernization plans lined up during the forecast period. The current modernization trend aims to have smaller and more advanced forces with greater mobility and firepower.Throughout the review period, Turkey has invested in substantial defence procurements, and its military modernization program is currently approaching completion. The country is in possession of a well-developed domestic defence industry which is primarily dependent on Turkish defence expenditure. However, the country has now achieved the majority of its military modernization plans and this, coupled with the impact of the global economic recession, has resulted in the postponement of a number of defence procurement programs. As a result, no major procurements are expected over the forecast period and this will force the domestic defence industry to cater to small defence procurements or develop an export market for its products.A major challenge to the country´s homeland security is posed by the Kurdistan Workers Party (PKK), an organization which resorts to violent methods in an attempt to establish an independent Kurdish state. The Turkish government is currently holding peace talks with PKK, which are threatened by the Syrian Civil war as Kurdish militants supply arms to PKK. In addition, the nation is also prone to terror attacks from global terrorist organizations such as Al-Qaeda and the Revolutionary People´s Liberation Party. In order to prevent such attacks, the nation plans to invest in unmanned aerial vehicles, improvised explosive device (IED) jammers, intelligence and communication systems, and reconnaissance and surveillance satellites.Pakistan being the largest recipient of the Turkish defence equipment, modernized its older US-built F-16 fighter jets by Turkish Aerospace Industries. The country also receives wireless equipment from Turkey´s military electronics firm Aselsan. During 2012, there were some additions to the export partner list including Turkmenistan, which signed an agreement in October 2010 to purchase two new generation patrol boats from Turkish private shipyard, Dearsan Shipyard for a contract value of EUR55 million."

Click for report details: ..

Browse all Defence Market Research Reports ..

Browse all Defence Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Mike King
Phone: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News


Terms & Conditions | Privacy | About us | Contact