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(Transportation-News.com, June 21, 2017 ) The Future of Turkey Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022, published by Publisher, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.
For more information http://www.reportsweb.com/future-of-the-turkey-defense-industry-market-attractiveness-competitive-landscape-and-forecasts-to-2022
Synopsis
This report offers detailed analysis of Turkey defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.
In particular, it provides an in-depth analysis of the following -
- Turkey defense industry market size and drivers: detailed analysis of Turkey defense industry during 2018-2022, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country's expenditure and modernization patterns
- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget. It also details the key challenges faced by defense market participants within the country
- Porter's Five Force analysis of Turkey defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry
- Import and Export Dynamics: analysis of prevalent trends in the country's imports and exports over the last five years
- Market opportunities: details of the top five defense investment opportunities over the next 10 years
- Competitive landscape and strategic insights: analysis of the competitive landscape of Turkey defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis
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Scope
- Turkish defense expenditure stands at US$10.6 billion in 2017, and registered a compound annual growth rate (CAGR) of -7.49% during the historic period. The country's strained relationship with Greece, persistent threats from the Kurdish Workers Party (PKK) , active participation in peacekeeping missions, and the reduction in foreign dependency for military equipment procurement drove defense expenditure during the historic period.. As a percentage of GDP, the country's defense expenditure will average 1.3% over the forecast period compared to an average of 1.4% recorded during the historic period.
- The capital expenditure allocation, which stood at an average of 26.1% during the historic period, is projected to slightly decrease to an average of 24.1% over the forecast period. This is primarily due to the procurement of advanced defense equipment and a focus on increasing the capabilities of the country's indigenous defense industry. Various procurements that are expected to fuel the growth of capital spending over the forecast period include multi-role aircraft, missile defense systems, corvettes, and main battle tanks (MBTs) . Consequently, the remaining budget will be allocated to revenue expenditure, which constitutes personnel salaries, development programs for military personnel, and training.
- The MoD is expected to invest in fighters and Multi-role aircraft, Main Battle Tanks (MBT) and frigates.
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