The Turkish aerospace and defense industry is a rapidly growing sector, with a market size of USD 15.10 billion in 2023. The industry is expected to grow at a CAGR of 1.15% during the forecast period (2023-2028).

 

The growth of the Turkish aerospace and defense industry is being driven by a number of factors, including:

 

* *Increased defense spending:* Turkey is the third-largest defense spender in the Middle East, and its defense budget is expected to continue to grow in the coming years.

* *Growing domestic demand:* Turkey is a large and growing country with a rapidly expanding economy. This is leading to increased demand for domestic defense products.

* *Exports:* Turkish defense companies are increasingly exporting their products to other countries. In 2021, Turkey's defense and aerospace exports reached USD 3.2 billion.

* *R&D:* Turkish defense companies are investing heavily in R&D. This is helping them to develop new and innovative products that meet the needs of the Turkish military and other customers.

 

The future of the Turkish aerospace and defense industry looks bright. The industry is well-positioned to continue to grow in the coming years, driven by the factors mentioned above.

 

Some of the key trends that are expected to shape the Turkish aerospace and defense industry in the future include:

 

* *Increased focus on indigenous production:* Turkey is aiming to reduce its reliance on foreign defense suppliers. This is leading to increased investment in indigenous production of defense products.

* *Development of new technologies:* Turkish defense companies are investing in the development of new technologies, such as artificial intelligence, robotics, and unmanned systems. These technologies are expected to play a major role in the future of the Turkish aerospace and defense industry.

* *Expansion into new markets:* Turkish defense companies are looking to expand into new markets, such as Africa and Asia. This is being driven by the growing demand for defense products in these regions.

 

Overall, the future of the Turkish aerospace and defense industry looks bright. The industry is well-positioned to continue to grow in the coming years, driven by a number of factors, including increased defense spending, growing domestic demand, exports, and R&D.

 

Here are some of the biggest Turkish defense companies:

 

* ASELSAN A.S.

* BMC Otomotiv Sanayi ve Ticaret A.S.

* TUSAS (Turkish Aerospace Industries)

* KOC Holding AS

* HAVELSAN A.S.

 

These companies are playing a leading role in the development of the Turkish aerospace and defense industry. They are investing in new technologies, expanding into new markets, and developing indigenous production capabilities. This is helping to make Turkey a major player in the global aerospace and defense industry.