DUBLIN--(BUSINESS WIRE)--Jun 8, 2018--The "Future of the Turkish Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.

This report offers detailed analysis of the Turkish 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.

Turkish defense expenditure stands at US$10.7 billion in 2018, and registered a compound annual growth rate (CAGR) of -5.94% 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.

With this trend expected to continue, expenditure is anticipated to register a CAGR of 8.36% over the forecast period to value US$15.8 billion in 2023.

As a percentage of GDP, the country's defense expenditure will average 1.36% over the forecast period, which is marginally declining compared to an average of 1.44% recorded during the historic period.

Companies Mentioned

Aselsan BAE Boeing (McDonnell Douglas) Construcciones Aeronuticas SA (CASA)/IPTN FNSS Defense General Atomics Aeronautical Systems Howaldtswerke-Deutsche Werft (HDW) - Thyssenkrupp Marine Systems Hyundai Rotem Istanbul Shipyard Korean Aerospace Industries Lockheed Martin Lockheed Sikorsky Makina ve Kimya Endstrisi Kurumu (MKEK) Otokar Roketsan Samsung Techwin Systems Company Turkish Aerospace Industries (TAI) Havelsan Tusas Engine Industries (TEI)

Key Topics Covered

1. Introduction

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities

4. Defense Procurement Market Dynamics

5. Industry Dynamics

6. Competitive Landscape and Strategic Insights

7. Business Environment and Country Risk

For more information about this report visit https://www.researchandmarkets.com/research/86rtn8/turkish_defense?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180608005640/en/

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Related Topics:Military Aerospace and Defense

KEYWORD: TURKEY EUROPE

INDUSTRY KEYWORD: MANUFACTURING AEROSPACE DEFENSE OTHER DEFENSE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 06/08/2018 01:59 PM/DISC: 06/08/2018 01:59 PM

http://www.businesswire.com/news/home/20180608005640/en