Turkey Defence & Security Report Q4 2014 - New Study Released

From: Fast Market Research, Inc.
Published: Wed Nov 19 2014

On the whole, Turkey is one of the more stable countries in the Near East region. That said, the instability in its surrounding neighbourhood is affecting Turkey's regional interests. We believe that international dynamics are bringing Turkey to roll back somewhat its Syrian policy, notably through modification of its previous support of extremist groups in the region. Turkey is continuing its efforts to boost its indigenous defence production capacity are continuing via investments, joint ventures with international companies. From our perspective, Turkey could serve as a potential market to opt for cheaper offshore production processes, although caution is necessary.

Full Report Details at
- http://www.fastmr.com/prod/900777_turkey_defence_security_report_q4_2014.aspx?afid=301

In 2014, we forecast that Ankara will spend up to USD14.5bn on defence, which is a noticeable reduction from the USD15.6bn that it spent on defence in 2013. On 1 August, Turkey's Defence Minister announced that Turkey aims to reach $1.6 billion in exports for 2014, and an ambitious $25 billion by 2023.

The Turkish government continues to feel the spill over from Syria's civil war. While articulating earlier in the year its resolve to resist any threats against its territory or interests by the Syrian government, BMI thinks that Turkey may now begin to silence its anti-Assad rhetoric as attention shifts from Assad to the Islamic State (IS). At the same time, we think that the government will leave its Air Force and Army in alert stage to defend against any potential conventional military threats that may emerge from Syria. The BMI view is also that Turkey needs to be on full guard against moves by Syria's Kurds towards independence. We think that it is in Turkey's own territorial interests to resolve the conflict with its Kurdish population.

Turkey is continuing its efforts to boost its indigenous defence production capacity via investments, joint ventures with international companies. This last quarter, Turkey's Under-Secretary for Defence Industries has signed a letter of intention...

The Turkey Defence & Security Report features Business Monitor International (BMI)'s independent forecasts for national and international security, the defence industry, military expenditure, employment in arms production, and arms imports and exports, as well as examining industry trends and prospects, national and multinational arms producers and the regulatory environment.

BMI's Turkey Defence & Security Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Turkish defence and security industry.

Key Benefits

* Benchmark BMI's independent defence and security industry forecasts on Turkey to test other views - a key input for successful budgetary and strategic business planning in the Turkish defence and security market.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

You may also be interested in these related reports:

- Saudi Arabia Defence & Security Report Q4 2014
- Croatia Defence & Security Report Q4 2014
- France Defence & Security Report Q4 2014
- Malaysia Defence & Security Report Q4 2014
- Japan Defence & Security Report Q4 2014
Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

Visit website »