The Turkish Defense Sector - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2015 by ICDResearch

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									The Turkish Defense Sector - Market
Opportunities and Entry Strategies,
Analyses and Forecasts to 2015
Market Intelligence Report

Reference code: ICDDF0014MR10
Published: JULY 2010

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© ICD Research Intelligence. This report is a licensed product and is not to be photocopied
TABLE OF CONTENTS


LIST OF TABLES................................................................................................................................ 8
LIST OF FIGURES .............................................................................................................................. 9
1 Introduction................................................................................................................................ 11
1.1       About this Report......................................................................................................................11
1.2       Definitions..................................................................................................................................11
1.3       Methodology..............................................................................................................................13
1.3.1 Secondary research ....................................................................................................................... 13
1.3.2 Primary researc h ........................................................................................................................... 14
1.3.3 Conventions .................................................................................................................................. 14
1.4       ICD Research Intelligence Terrorism Index...........................................................................14
1.5       About ICD Research Defense Intelligence Center ................................................................15
2      Executive Summary ................................................................................................................. 16
3      Market Attractiveness and Emerging Opportunities ...................................................... 18
3.1       Defense Market Size and Forecast .........................................................................................18
3.1.1 Turkish defense expenditure ex pected at US $17.5 billion by 2015 .................................................... 18
3.1.2 A strained relationship with Greece, instability within the region, security threats and peacekeeping
      missions will drive Turkish defense ex penditure over the forecast period ........................................... 19
3.2       Analysis of Defense Budget Allocation .................................................................................21
3.2.1 The acquisition of military hardware during the forecast period will account for the majority of defense
      expenditure ................................................................................................................................... 21
3.3       Homeland Security Market Size and Forecast ......................................................................22
3.3.1 Turkey’s homeland security market estimated to be US$9.8 billion in 2010 ........................................ 22
3.3.2 Internal security threats to drive homeland security expenditure ........................................................ 23
3.3.3 Turkey faces a high level terrorist threat .......................................................................................... 24
3.4       Benchmarking with Key Global Markets................................................................................28
3.4.1 Turkey is ranked among the top fifteen defense spending countries in the world ................................ 28
3.4.2 As a percentage of GDP, Turkish defense expenditure ex pected to decrease due to rapid economic
      growth........................................................................................................................................... 30
3.4.3 Turkey ranked eleventh among countries with the largest defense imports globally ............................ 31
3.4.4 Turkey ranked twenty one among countries with the largest defense exports ..................................... 32
3.5       Market Opportunities: Key Trends and Growth Stimulators ...............................................33
3.5.1 The country plans the acquisition of missile defens e systems ........................................................... 33
3.5.2 Demand for maritime equipment expected to increase ..................................................................... 33
3.5.3 Border security equipment will experience a surge in demand .......................................................... 33
4      Defense Procurement Market Dynamics ........................................................................... 35
4.1       Import Market Dynamics ..........................................................................................................35
4.1.1 Turkish defense imports continue to inc rease at a steady rate .......................................................... 35
4.1.2 During the review period, Germany emerged as the primary supplier of arms to Turkey ..................... 36
4.1.3 Most imported defense equipment are advanced technology armored vehicles and ships .................. 37


The Turkish Defense Sector – Market Opportunities and Entry Strategies, Analyses and Forecasts to 2015
© ICD Research Intelligence. This report is a licensed product and is not to be photocopied                                                        Page 2
TABLE OF CONTENTS


4.2       Export Market Dynamics ..........................................................................................................38
4.2.1 Turkish defense exports increased at a CAGR of 26. 40% during the review period ............................ 38
4.2.2 The main destinations for Turkish defense exports are developing nations such as Asia and the Middle
      East .............................................................................................................................................. 39
4.2.3 Armored vehicles hold the largest share of Turkish defense exports.................................................. 40
5      Industry Dynamics ................................................................................................................... 42
5.1       Five Forces Analysis ................................................................................................................42
5.1.1 Bargaining power of supplier: low ................................................................................................... 43
5.1.2 Bargaining power of buyer: high...................................................................................................... 43
5.1.3 Barrier to ent ry: medium ................................................................................................................. 43
5.1.4 Intensity of rivalry: high................................................................................................................... 43
5.1.5 Threat of substitution: high ............................................................................................................. 44
6      Market Entry Strategy.............................................................................................................. 45
6.1       Market Regulation.....................................................................................................................45
6.1.1 The Turkish government encourage
								
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