India Aerospace & Defense Market Analysis

India Aerospace & Defense Market Analysis

Air application is expected to hold a majority share in the India aerospace & defense market, owing to the growing demand for efficient and environmentally friendly aircrafts. Need to increase the size of aircraft fleet with additions of auxiliary airplanes such as rescue aircrafts, medic aircraft, repair & emergency aircrafts are expected to propel the growth. The government is introducing various methods and newer technologies for air traffic management and adhere to strict environmental & air traffic regulations. This is expected to attract several global players such as Boeing in the industry.
 

Land security solutions are expected to witness substantial demand in the India aerospace & defense market, owing to the increasing need from the domestic/homeland and border security. Increasing volatility in domestic peace and increasing government initiatives is encouraging the players to expand their capabilities and extend their product portfolio.
 

Cybersecurity is expected to witness rapid growth owing to the rising instances of cyber-attacks such as Wanna Cry, life-threatening software such as Blue Whale, and malicious data thefts. Growing demand for safeguarding cyber networks and the country’s data infrastructure is fueling the cybersecurity market demand. The number of providers is expected to rise during the forecast timeline, with increasing investments from various global players such as Thales Group.
 

The border security segment is expected to grow remarkably in the coming years, due to increasing threats from neighboring countries. The demand for optical and radar equipment is on the rise to better equip the soldiers on the borders.
 

The MTS services segment is expected to gain traction in the India aerospace & defense market, owing to increasing need to cut the costs and outsource these services to the third-party players. Growth in demand of extended battery life for products and increasing replacement cycles to enhance efficiency is anticipated to be one of the major factor for the increasing demand for MRO services.
 

The MRO services are expected to witness fast growth, owing to the increase in demand for repair operations for the equipment in the industry. The aero-platform MROs are expected to grow at highest rate, owing to the extended life of aircraft, their subjection to harsh environments, and need for frequent repair operations.