The electronics industry in Turkey has been growing steadily over the last few years. In 2013, production in the sector increased by 5.1 percent, reaching USD 13.1 billion, while exports hit USD 6.5 billion. Meanwhile, imports reached USD 17.3 billion during the same year.
The sector provides jobs for 50,000 people in production and 100,000 people in related engineering end services. Representing 2 percent of the total GDP, the Turkish electronics sector offers huge potential for investors.
Competitive incentives, along with Turkey’s strategic location as a hub connecting Europe and the MENA region, make the country 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.
The motivation among Turkey’s young population 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 rising continuously.
- In the Turkish electronics market, consumer electronics accounted for the largest share in production with 27 percent in 2013, reaching USD 3.5 billion, followed by telecommunications equipment with 20 percent, other professional equipment with 18 percent, computer equipment with 17 percent, defense electronics with 12 percent, and components with 6 percent.
- As the second biggest sub-sector in production, telecommunications equipment grew by 1.3 percent in 2013, reaching USD 2.6 billion. Even though telecommunication equipment accounted for the lion’s share in overall electronic exports with USD 2.78 billion, its growth rate corresponded to 5.6 percent, lagging behind growth in consumer electronics exports.
- 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 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. Turkey’s electronics sector received approximately USD 3 billion of FDI in past eight years.
BLOG Page on Facebook .Please visit us