Turkish Defense Industry 2015 – 2020 Share and Size, Key Trends, Vendor Strategies, Growth and Price, Regional Outlook & Forecasts

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Turkish Defense Industry 2015 - 2025 Market Size and
Share, Growth, Market Price, Analysis, Forecast and

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
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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

Hexa Reports
Market Research Reports and Insightful Company Profiles
- Make correct business decisions based on detailed analysis of the defense industry from 2016-2020
which includes the total competitive landscape of the...