The country’s defense expenditure will largely be driven by a strained relationship with Greece, persistent terror threats and instability within the region. In addition, Turkish peacekeeping initiatives will continue to put pressure on the government to increase defense expenditure.

As a percentage of GDP, the country’s average defense expenditure stood at 2.14% during the review period, however this figure is expected to decrease to an average of 1.71% over the forecast period. Despite a steady annual increase in the country’s military expenditure, a reduction in the country’s defense expenditure as a percentage of GDP is predicted due to the anticipated overall growth of the Turkish economy, which is projected to record a CAGR of 7.76% over the forecast period.

Reasons to buy:

• Gain insight into the Turkish defense industry with current, historic and forecast market values
• Acquire knowledge on market opportunity and attractiveness
• Includes industry procurement dynamics
• Provides information on industry structure
• Supplies with regulations governing the Turkish defense industry and the potential market entry strategies with an expert analysis of the competitive structure
• Identify top companies of the Turkish defense industry along with profiles of all those companies

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