Aerospace and Defense Industry of Turkey - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Aerospace and Defense Industry of Turkey is segmented by Industry (Manufacturing, Design and Engineering, Maintenance, Repair, and Overhaul (MRO)), Type (Aerospace, Defense), and Geography.

Market Snapshot

aerospace and defense industry of turkey overview
Study Period: 2018 - 2026
Base Year: 2020
CAGR: >5 %

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Market Overview

The Aerospace and Defense Industry of Turkey is projected to grow with a CAGR of more than 5% during the forecast period.

  • Turkey is the third-largest defense spender in the Middle East after Saudi Arabia and Israel, with an expenditure of USD 20,448 million in 2019. Its military expenditure increased by 79.96% during the period of 2012-2018, from USD 11.56 billion in 2012.
  • The growing passenger traffic in the country is propelling the demand for new commercial aircraft from the airlines operating in the country like Turkish Airlines, SunExpress, Pegasus Airlines, Onur Air, Corendon Airlines, and Anadolujet, This increasing passenger traffic is increasing demand for new commercial aircraft in the country.
  • The emphasis on domestic manufacturing by the government has been increasing rapidly and currently, the country’s product portfolio includes UAVs, cruise missiles, and armored vehicles among others. With the growth in domestic manufacturing, the country’s defense export income is rapidly increasing (USD 2.7 billion in 2019).

Scope of the Report

The study provides an in-depth analysis of the aerospace and defense industry in Turkey. The scope of the study encompasses the commercial aviation and defense equipment for land, air and sea armed forces. Besides, the study also accounts for the developments in the industry pertaining to critical systems and components of aircraft, UAVs, armored vehicles, air defense systems, naval vessels and satellites among others.

Industry
Manufacturing, Design and Engineering
Maintenance, Repair, and Overhaul
Type
Aerospace
Defense

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Key Market Trends

Increasing Aerospace and Defense Exports of the Country

According to the aerospace and defense industries, the exports of the country has been growing by 8-10% annually. According to the Turkish Exporters Assembly, the exports of aerospace and defense sector was USD 2.7 billion in 2019, with an increase of 34.6%. The exports to the Middle East and the Commonwealth of Independent States increased by 128% (USD 710.1 million) and 104% (USD 241 million), respectively. In 2018, the government announced its plans to increase defense and aerospace exports from USD 2 billion to USD 10.2 billion by 2023. To meet the planned goals of the government, it plans to launch a government-to-government sales scheme and the also open defense export promotion agencies in 20 countries. Such plans of the government to increase their exports in the coming years are expected to accelerate the revenue of the aerospace and defense sector of Turkey.

aerospace and defense industry of turkey trend-1

Defense Segment of the Market holds highest Share in 2019

The defense segment currently dominates the market and is expected to continue its dominance during the forecast period. This is majorly due to the rapidly growing military spending of the country. The country is developing new and advanced combat aircraft, weapons, and ammunition (including missiles), naval vessels, UAVs, main battle tanks, C4ISR equipment, among others to support the armed forces of the country. For instance, In February 2019, the President of Defense Industries signed a contract with Turkish Aerospace Industries (TAI), to develop and build ATAK 2 heavy attack helicopters. The company plans the first flight of rotorcraft in 2024 and possible entry of helicopter into service by 2026. The government also announced a procurement plan for 2020 to fight the threats against multiple threats. The plans include procurement of kamikaze drone Kargu-2 (356 Kargu-2 drones under contract), Alpagu tactical attack drones, T625 utility helicopter, ATAK FAZ-2, and air defense system, among others. Such robust procurement plans of the government are expected to propel the growth of the segment during the forecast period.

aerospace and defense industry of turkey segment

Competitive Landscape

Some of the major players in Aerospace and Defense Industry of Turkey are ASELSAN A.S., BMC Otomotiv Sanayi ve Ticaret A.S., TUSAS (Turkish Aerospace Industries), KOC Holding AS, and HAVELSAN A.S. The country is planning to increase its dependence on the international players and boost its domestic manufacturing.

As of September 2018, the majority (65%) of the military weapons and equipment used by the Turkish armed forces were indigenously manufactured. With the removal of the country from the F-35 program has further propelled the country’s need to develop a strong domestic manufacturing industry. The country aims to become independent of the foreign suppliers in the defense industry, by 2023. The robust plans of the government are anticipated to help the companies increase their share in the market. The development of new and advanced products by companies is expected to help the companies increase their presence in the market. 

For instance, in July 2019, ASELSAN announced that the company is developing a new communications system for the indigenously manufactured New Type Submarine Project (NTSP). Such developments will help the companies increase their share in domestic and international markets.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Turkish Economy

    2. 4.2 Import and Export of Aerospace and Defense

    3. 4.3 Airport Infrastructure Investment

    4. 4.4 Commercial and Gereral Aviation Procurement Plans

    5. 4.5 Defense Spending Analysis

    6. 4.6 SWOT Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Industry

      1. 5.1.1 Manufacturing, Design and Engineering

      2. 5.1.2 Maintenance, Repair, and Overhaul

    2. 5.2 Type

      1. 5.2.1 Aerospace

      2. 5.2.2 Defense

  6. 6. MAJOR COMPANIES AND THEIR PORTFOLIOS

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 TUSAS (Turkish Aerospace Industries)

      2. 7.1.2 ROKETSAN A.S.

      3. 7.1.3 ASELSAN A.S.

      4. 7.1.4 Turkish Technic

      5. 7.1.5 BMC Otomotiv Sanayi ve Ticaret A.S.

      6. 7.1.6 FNSS Savunma Sistemleri A.S.

      7. 7.1.7 Mechanical and Chemical Industry Company (MKEK)

      8. 7.1.8 KOC Holding AS

      9. 7.1.9 HAVELSAN A.S.

      10. 7.1.10 STM Savunma Teknolojileri Muhendislik ve Ticaret A.S.

      11. 7.1.11 Airbus SE

      12. 7.1.12 The Boeing Company

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Aerospace and Defense Industry of Turkey market is studied from 2018 - 2026.

The Aerospace and Defense Industry of Turkey is growing at a CAGR of >5% over the next 5 years.

ASELSAN A.S., BMC Otomotiv Sanayi ve Ticaret A.S., TUSAS (Turkish Aerospace Industries), KOC Holding AS, HAVELSAN A.S. are the major companies operating in Aerospace and Defense Industry of Turkey.

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