Turkish Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024

Table of Contents

LIST OF FIGURES

LIST OF TABLES

1. Introduction

• 1.1. What is this Report About?
• 1.2. Definitions
• 1.3. Summary Methodology
• 1.4. About GlobalData

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities

• 3.1. Current Market Conditions
  • 3.1.1. Primary threat perception
  • 3.1.2. Military doctrine and strategy
  • 3.1.3. Procurement Programs
    • 3.1.3.1. Ongoing procurement programs
    • 3.1.3.2. Future procurement programs
    • 3.1.3.3. Top Procurement Programs by Value (US$ Million) 2019-2024
  • 3.1.4. Geopolitical, Social and economic scenario
  • 3.1.5. Political and strategic alliances
• 3.2. Defense Market Size Historical and Forecast
  • 3.2.1. Turkey defense expenditure expected to grow during the forecast period
  • 3.2.2. Turkish defense expenditure to rise over the forecast period
  • 3.2.3. Military expenditure as a percentage of GDP is expected to decline over the forecast period
• 3.3. Analysis of Defense Budget Allocation
  • 3.3.1. Share of capital expenditure to increase over the forecast period
  • 3.3.2. Capital expenditure to increase over the forecast period
  • 3.3.3. Key Trends in Turkish defense market
  • 3.3.4. Per capita defense expenditure to rise over the forecast period
• 3.4. Homeland Security Market Size and Forecast
  • 3.4.1. Homeland security (HLS) expenditure expected to grow over the forecast period
  • 3.4.2. Threats driving homeland security expenditure
• 3.5. Benchmarking with Key Global Markets
  • 3.5.1. Turkish defense expenditure expected to remain low compared to leading spenders
  • 3.5.2. The country’s defense budget is high compared to its regional countries
  • 3.5.3. Turkey defense expenditure as a percentage of GDP is expected to decrease
• 3.6. Market Opportunities: Key Trends and Growth Stimulators
  • 3.6.1. Top Defense Market Categories by Value (US$ million) - Forecast-Period Projections
  • 3.6.2. Physical Security
  • 3.6.3. Multirole Aircraft
  • 3.6.4. Main Battle Tank

4. Defense Procurement Market Dynamics

• 4.1. Import Market Dynamics
  • 4.1.1. Defense imports expected to decrease over the forecast period
  • 4.1.2. The US was the primary supplier of arms to Turkey
  • 4.1.3. Aircraft were the major imported military hardware during 2014-2018
• 4.2. Export Market Dynamics
  • 4.2.1. Turkey aims to increase defense exports over the forecast period
  • 4.2.2. UAE emerged as the largest importer of Turkish defense equipment during the period 2014-2018
  • 4.2.3. Armored Vehicles accounted for the majority of defense exports during 2014-2018

5. Industry Dynamics

• 5.1. Five Forces Analysis
  • 5.1.1. Bargaining power of supplier: low
  • 5.1.2. Bargaining power of buyer: high
  • 5.1.3. Barrier to entry: medium
  • 5.1.4. Intensity of rivalry: high
  • 5.1.5. Threat of substitution: high

6. Market Entry Strategy

• 6.1. Market Regulation
  • 6.1.1. The Turkish government encourages offsets to develop the country’s domestic industrial defense base
• 6.2. Market Entry Route
  • 6.2.1. Budgeting Process
  • 6.2.2. Procurement policy and process
  • 6.2.3. Joint venture provides market entry opportunity for foreign OEMs
  • 6.2.4. Joint research and development programs provide foreign OEMs with an opportunity for market entry
• 6.3. Key Challenges
  • 6.3.1. Corruption poses a challenge to the success of defense deals
  • 6.3.2. The completion of military modernization plans, project delays, and cost escalation to limit new projects
  • 6.3.3. Devaluation of Turkish Lira in relation to US Dollar

7. Competitive Landscape and Strategic Insights

8. Business Environment and Country Risk

• 8.1. Economic Performance
  • 8.1.1. GDP per capita
  • 8.1.2. GDP, current prices
  • 8.1.3. Export of goods and services (LCU Billion)
  • 8.1.4. Import of goods and services (LCU Billion)
  • 8.1.5. Gross national disposable income (US$ Billion)
  • 8.1.6. Local currency unit per US$
  • 8.1.7. Market capitalization of listed companies
  • 8.1.8. Market capitalization of listed companies as a percentage of GDP
  • 8.1.9. Government cash surplus deficit as a percentage of GDP
  • 8.1.10. Goods Exports as a percentage of GDP
  • 8.1.11. Good imports as a percentage of GDP
  • 8.1.12. Service imports as a percentage of GDP
  • 8.1.13. Service exports as a percentage of GDP
  • 8.1.14. Foreign direct investments
  • 8.1.15. Net foreign direct investment as a percentage of GDP
  • 8.1.16. Mining, manufacturing, and utilities output

9. Appendix

• 9.1. About GlobalData