Although the Turkish aerospace sector is relatively new, it has grown exponentially in the last 10 years, ranking as one of the 5 countries in the world whose aerospace sector grew the most in the aforementioned period.
The origin of the Turkish aeronautical industry can be found in the creation of Turkish Aircraft Industries, Inc. (TUSAŞ) founded in 1984, within Turkish Aerospace Industries Inc. (TUSAŞ) founded in 1984, within Turkish Aerospace Industries Inc. (TAI), created to manufacture airplanes, helicopters and aircrafts in general. The presence of local OEMs (TAI / TUSAŞ mainly) and their development with the financial support of the State have contributed to the growth of this industry. However, this sector continues to be a net importer with an import volume close to USD 5,000 million per year, and an export volume of around USD 1,300 million per year (being one of the sectors with the highest export increases), with Germany, the US (which jointly account for 50% of imports) and France as the largest exporters to Turkey, followed by France and Spain.
Turkish companies are among the major players in the global industry. Five companies in the country (Aselsan, TAI, Rocketsan, STM and FNSS and Havelsan) are among the 100 companies in the sector with the highest turnover in the world, according to the list published by Defense News Top 100.
Although Turkey has significantly increased its domestic capacity in the aerospace industry, it continues to import a considerable amount of products. According to the Ministry of Industry, Turkey’s aerospace industry produces about 60% of its own needs, while 40% comes from international suppliers.
Among the import needs of the Turkish industry are the following materials and services:
Turkey plays a key role in the global production of the sector, making remarkable progress in the defense and aerospace industry in the last 15 years. The income of the sector exceeds 11,000 million dollars annually. The market is expected to double in size by 2030 with an average annual growth of 8.6%.
This industry employs approximately 67,000 people in Türkiye. The fact that employment in the sector is dominated by engineers (24% of the total) shows the intensity of technological design and development activities.
The Ministry of Industry and Technology has recently granted investment incentive certificates to 41 projects with a fixed investment amount of 4.52 billion Turkish liras, projects that have increased the volume of employment in the sector by 3,223 people. These projects benefited from incentives such as VAT exemption, customs duty exemption, tax reduction and reduction of employer social security premiums.
Since 2011 CONEXIO has provided security and experience in Turkey at the service of companies, introducing products to the Turkish market, developing investment projects, connecting companies with 85 million customers and boosting their success.
For more information about this sector, do not hesitate to contact us.