India Aerospace & Defense Market By Top Key Players: DRDO, ISRO, Mahindra, Tata Power SED, Hindustan Aeronautics Limited, Godrej, Reliance Defence & Engineering Limited, and Bharat Electronics Limited
India Aerospace & Defense Market anticipated to grow substantially by 2024
(EMAILWIRE.COM, August 09, 2018 ) Market Overview: -
India Aerospace & Defense Market is estimated to surpass USD 23 billion by 2024. Growing focus of the government in indigenous manufacturing of equipment with increasing budget is anticipated to be one of the major factors driving factors. Implementation of policy allowing the foreign companies to hold up to 49% share in joint ventures is expected to bode well for the industry. India is the third largest spender on defense in the world, after U.S. and China. Being the investment-intensive sector, defense is projected to have investments during the forecast timeframe. The capital expenditure by the Ministry of Defense increased approximately by 15-20% in the last five years and is projected to grow at an accelerated pace in the India Aerospace & Defense Market.
Changing geopolitical situations on the country’s borders is necessitating continuous improvement in defense equipment. This is propelling new procurement to replace obsolete equipment to bring in readiness. Growing demand is attracting many local industry participants such as Larsen & Toubro, Tata, and Mahindra, in addition to global players including Boeing, BAE Systems, and Israel Aerospace Industries. The entry of newer players in the industry is anticipated to increase competition and drive innovation, thus driving the India aerospace & defense market over the next seven years.
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Top Key Players: -
Some of the players in the India aerospace & defense market include DRDO, ISRO, Mahindra, Tata Power SED, Hindustan Aeronautics Limited, Godrej, Reliance Defence & Engineering Limited, and Bharat Electronics Limited. Additionally, global players in the industry include Lockheed Martin, Raytheon Corporation, Northrop Grumman Corporation, and L-3 Communication Holdings.
Market share calculation in this report is not done based on companies covered in it. The calculation of India aerospace & defense market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentation: -
The government intends to leverage the capacities of private engineering & design and IT sector in the country to meet homeland security demands. The government is undertaking several projects that include counter terrorism, border infiltration, maritime security, critical infrastructure security, intelligence, police modernization, and safe city surveillance.
Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/2113
Partial Chapter of the Table of Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definition and forecast parameters
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary
Chapter 2 Executive Summary
2.1 India aerospace & defense industry 3600 synopsis, 2013 – 2024
2.1.1 Business trends
2.1.2 Security trends
2.1.3 Service trends
2.1.4 Application trends
Browse Full Report @ https://bit.ly/2MugPAj
Air segment of the India aerospace & defense market is expected to witness significant growth. The Air Force is planning to increase its surveillance capabilities by acquiring airborne warning & control systems. The sector is anticipated to strengthen its transport fleet to improve its strategic and tactical lift capabilities.
The force is also planning to acquire newer fighter platforms such as fifth-generation aircrafts and MMRCA. Homeland security segment is expected to increase at a significant rate, due to growing social unrest in the country, thus propelling the India aerospace & defense market growth.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
India Aerospace & Defense Market is estimated to surpass USD 23 billion by 2024. Growing focus of the government in indigenous manufacturing of equipment with increasing budget is anticipated to be one of the major factors driving factors. Implementation of policy allowing the foreign companies to hold up to 49% share in joint ventures is expected to bode well for the industry. India is the third largest spender on defense in the world, after U.S. and China. Being the investment-intensive sector, defense is projected to have investments during the forecast timeframe. The capital expenditure by the Ministry of Defense increased approximately by 15-20% in the last five years and is projected to grow at an accelerated pace in the India Aerospace & Defense Market.
Changing geopolitical situations on the country’s borders is necessitating continuous improvement in defense equipment. This is propelling new procurement to replace obsolete equipment to bring in readiness. Growing demand is attracting many local industry participants such as Larsen & Toubro, Tata, and Mahindra, in addition to global players including Boeing, BAE Systems, and Israel Aerospace Industries. The entry of newer players in the industry is anticipated to increase competition and drive innovation, thus driving the India aerospace & defense market over the next seven years.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2113
Top Key Players: -
Some of the players in the India aerospace & defense market include DRDO, ISRO, Mahindra, Tata Power SED, Hindustan Aeronautics Limited, Godrej, Reliance Defence & Engineering Limited, and Bharat Electronics Limited. Additionally, global players in the industry include Lockheed Martin, Raytheon Corporation, Northrop Grumman Corporation, and L-3 Communication Holdings.
Market share calculation in this report is not done based on companies covered in it. The calculation of India aerospace & defense market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentation: -
The government intends to leverage the capacities of private engineering & design and IT sector in the country to meet homeland security demands. The government is undertaking several projects that include counter terrorism, border infiltration, maritime security, critical infrastructure security, intelligence, police modernization, and safe city surveillance.
Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/2113
Partial Chapter of the Table of Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definition and forecast parameters
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary
Chapter 2 Executive Summary
2.1 India aerospace & defense industry 3600 synopsis, 2013 – 2024
2.1.1 Business trends
2.1.2 Security trends
2.1.3 Service trends
2.1.4 Application trends
Browse Full Report @ https://bit.ly/2MugPAj
Air segment of the India aerospace & defense market is expected to witness significant growth. The Air Force is planning to increase its surveillance capabilities by acquiring airborne warning & control systems. The sector is anticipated to strengthen its transport fleet to improve its strategic and tactical lift capabilities.
The force is also planning to acquire newer fighter platforms such as fifth-generation aircrafts and MMRCA. Homeland security segment is expected to increase at a significant rate, due to growing social unrest in the country, thus propelling the India aerospace & defense market growth.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Information:
Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results