Defense Spending in Turkey industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Defense spending covers capital items, military personnel, government defense agencies, and related expenditure on defense and peacekeeping. The value of the market is taken to include both current and capital expenditure on the armed forces, including funding contributions to peacekeeping forces, such as the United Nations Peacekeeping Forces, defense ministries and other government agencies engaged in defense projects, paramilitary forces (when judged to be trained and equipped for military operations) and military space activities. Expenditure on personnel (including salaries and social services of both military and civil personnel, and retirement pensions of military personnel), procurement, research and development, infrastructure spending, military aid (taken as expenditure by the donor country) and general operations and maintenance are also included. Note that current expenditure on previous military activity such as veterans' benefits, weapon destruction, demobilization, and defense conversion are all excluded, as is expenditure on civil defense.
- The Turkish defense spending market had total budget allocation of $12.7bn in 2020, representing a compound annual growth rate (CAGR) of 22.4% between 2016 and 2020.
- Market consumption volumes declined with a CARC of -1.4% between 2016 and 2020, to reach a total of 364,300 active serving personnel in 2020.
- The growth has come largely due to President Erdogan’s push to increase Turkey’s involvement in global conflicts. Turkey have become involved in conflicts in Libya and Syria, while deploying commandos in Iraq and warships in Greek waters.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the defense spending market in Turkey
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the defense spending market in Turkey
- Leading company profiles reveal details of key defense spending market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Turkey defense spending market with five year forecasts
Reasons to Buy
- What was the size of the Turkey defense spending market by value in 2020?
- What will be the size of the Turkey defense spending market in 2025?
- What factors are affecting the strength of competition in the Turkey defense spending market?
- How has the market performed over the last five years?
- What are the main segments that make up Turkey's defense spending market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Airbus SE.
- Aselsan AS
- Roketsan Roket Sanayii ve Ticaret A.S.
- Turkish Aerospace Industries Inc
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 42 |
| Published | September 2021 |
| Forecast Period | 2020 - 2025 |
| Estimated Market Value ( USD | $ 12.66 Billion |
| Forecasted Market Value ( USD | $ 20.6 Billion |
| Compound Annual Growth Rate | 10.2% |
| Regions Covered | Turkey |
