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17 Dec 12. Turkey is 15th among the global top military spenders and 6th in Europe, accounting for 1.1 per cent of global military spending for the year 2011. The state’s unique geo-political condition, where both domestic and foreign security threats remain a genuine concern, has encouraged sustained military spending in contrast to global trends. However, Turkey’s main procurement agency, the Undersecretariat of Defence (SSM), has expressed its commitment to reducing Turkey’s dependence on foreign procurement and that the modernisation trends should be considered within this context. Frost & Sullivan’s recent study on “Revenue Opportunity & Stakeholder Mapping – Turkey Defence Market,” finds that the market earned revenues of USD 18.76bn in 2012 and estimate it to reach USD 24.70bn in 2021. The Compound Annual Growth Rate (CAGR) is calculated at 3.29 per cent (2011-2020). The Turkish market is dominated by the Turkish Armed Forces Foundation (TAFF), a governmental organisation that owns a full or partial share in 18 of Turkey’s leading defence companies. As the domestic market becomes increasingly self sufficient it can be expected that Turkish companies will become globally competitive, particularly through the exportation of the four key national projects; the Altay Battle Tank, the ANKA MALE UAV, T-129 Attack Helicopter and the Milgem Corvette. (Source: Yahoo!/PRNewswire)
20 Dec 12. The Military Electro Optical Infrared (EO/IR) Systems Market 2012-2022. Publication date: 23/08/2012. The unique capabilities of electro-optical imagery, infrared imaging, night vision systems and laser and range finding tools has meant that EO/IR systems are now vital components to both lead and support a diverse range of military operations. Intelligence, Surveillance and Reconnaissance (ISR), as well as targeting and communication missions require efficient, effective and all encompassing EO/IR Systems in order to provide concise and accurate information to a variety of military platforms on air, land and sea. We value the global Military Electro-Optical / Infrared Systems Market in 2012 at $7.73bn. We consulted widely with industry experts and full transcripts from these exclusive interviews are included in the report. As such, our reports have a unique blend of primary and secondary sources providing informed opinion. This approach allows insight into the key drivers and restraints behind contract and programme developments, as well as identifying the leading companies. The report also presents a unique blend of qualitative analysis combined with extensive quantitative data including global, submarket and national markets forecasts from 2012-2022 – all highlighting strategic business opportunities.
20 Dec 12. Global Ammunition Market worth $8.15bn by 2017. According to a new market research report, “Global Ammunition Market (Large Caliber, Medium Caliber & Small Caliber) (2012 – 2017)”, the total ammunition market is expected to reach $8.15bn by 2017 with a CARC of 0.67%. The global ammunition market has seen considerable growth during the past decade due to the recent conflicts which has served as a growth factor for the ammunition industry. Army modernization programs by developed and developing nations alike are expected to drive the market. Moreover, the need to maintain professional armies and the training imparted in doing so, has led to the growth in demand for training ammunitions. Similarly, the development in technology and the need to reduce collateral damage and prevent civilian casualties in war has led to an increase in demand for sophisticated precision guided munitions. However, the end of conflict and withdrawal of troops from Afghanistan, the austerity measures undertaken by the west, troop size reduction by many western powers and their increased reliance on simulators to train their