The electronics industry in Turkey has been growing steadily over the last couple of years. In 2012, production in the sector increased by 4.1 percent, reaching USD 12.4 billion, while exports increased by 5.2 percent, hitting USD 6.8 billion. Meanwhile, imports decreased by 3.7 percent to USD 16.1 billion during the same year.
The Turkish electronics sector supports more than 2,000 manufacturing companies and employs more than 30,000 people. Representing 2 percent of the total GDP, the Turkish electronics sector offers huge potential for investors.
Competitive incentives, along with Turkey's geostrategic location as a hub connecting Europe and MENA, make the country quite attractive for both production and management operations. Many multinational companies, including Microsoft, Intel and General Electric, have either established their manufacturing bases in or moved their headquarters to Turkey, as the country offers a robust platform for economic expansion on a regional scale.
Turkey’s young population’s motivation to work in the electronics sector provides a high-quality work force for investors. In recent years, both the number of university students pursuing relevant studies and the number of open job opportunities in the electronics sector have been continuously rising.
- In the Turkish electronics market, consumer electronics accounted for the largest share in production with 34.8 percent in 2012, reaching USD 4.4 billion, followed by telecommunications equipment with 19 percent, other professional equipment with 17 percent, computer equipment with 15 percent, defense electronics with 9 percent, and components with 5 percent.
- As the second biggest sub-sector in production, telecommunications equipment grew by 1.7 percent in 2012, reaching USD 2.3 billion. Even though telecommunication equipment accounted for the lion's share in overall electronic exports with USD 2.62 billion, its growth rate corresponded to 5.4 percent, lagging behind consumer electronics export growth.
- Turkey attaches great importance to research and development centers, along with clusters. Currently, there are a total of 35 R&D centers related to the electronics sector and 16 relevant clusters, which bring together the industry and academia for innovative technology development projects.
The ongoing growth in the electronics industry allows Turkey to channel strong FDI inflow to the country. In 2011, Turkey’s electronics sector received USD 442 million of FDI, while the country was one of the top recipients of electronics investments, leaving behind European countries such as Germany, Belgium and Denmark.
Full premium theme
The best odds.