Turkey’s defence exports are expected to increase during 2018-2022, as the nation plans to export attack helicopters, UAVs, armoured vehicles and laser-guided missiles, according to a report by Strategic Defence Intelligence (SDI).
Titled ‘Future of Turkey Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2022’, the report analyses the current and future trends in the Turkish defence industry.
Turkey plans to export Anka Unmanned Aerial Vehicle (UAV) and new Altay tanks to Saudi Arabia over the forecast period. Other notable defence exports of the nation include naval vessels, armoured vehicles, missiles, artillery and aircraft.
On the contrary, defence imports are anticipated to decrease over the forecast period. Turkey imported Airborne Early Warning and Control (AEW&C) and 737-700 Peace Eagle aircraft in 2014.
Foreign original equipment manufacturers (OEMs) access the Turkish defence industry through the establishment of joint ventures (JV) or strategic alliances with domestic defence companies. Tusas Engine Industries Inc (TEI) and FNSS are some of the significant JVs formed by the foreign investors during the last 20 years.
Turkey’s reliance on defence exports, however, has decreased as the domestic defence industry has recently built the capability to meet the requirements of the Turkish Armed Forces, adds the report.