India Aerospace & Defense Market by Top Key Participant: Bharat Forge, BAE Systems, Bharat Dynamics Limited (BDL), Bharat Earth Movers Limited (BEML Limited), Bharat Electronics Limited (BEL), Defence Research Development Organization (DRDO), Godrej Group

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.

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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.

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. 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.

India Aerospace & Defense Market, By Security
• Cyber security
• Border security
• Homeland security
India Aerospace & Defense Market, By Service
• MRO
• MTS
• Logistics
India Aerospace & Defense Market, By Application
• Land
• Small Arms
• Tanks
• Armored fighting vehicles
• Artillery
• Mine warfare
• Communication equipment
• Others
• Air
• Aircrafts
• Helicopters
• Missiles
• Amphibious warfare
• Communication equipment
• Others
• Sea
• Submarines
• Destroyers
• Frigates
• Corvettes
• Communication equipment
• Mine warfare

Growing proliferation of visual devices to train aircrew and maintenance staff is expected to propel the modelling, training, and simulation (MTS) services growth. Regional technology players such as Tata Technologies are partnering with India aerospace & defense market players to deliver optimized solutions across modelling and simulation services.

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India aerospace & defense market for marine applications is expected to grow at a steady pace, owing to the plans of the government to build 200-ship navy over the duration of 10 years. Increasing interest of the People’s Liberation Army Navy of China in the Indian Ocean is encouraging the country to invest more in anti-submarine ship manufacture. In September 2017, India deployed a submarine, two navy ships, and two long range maritime reconnaissance aircrafts in southern Indian Ocean and western Arabian Sea.

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Some of the players in the India Aerospace & Defense Market include Bharat Forge, BAE Systems, Bharat Dynamics Limited (BDL), Bharat Earth Movers Limited (BEML Limited), Bharat Electronics Limited (BEL), Defence Research Development Organization (DRDO), Godrej Group, Hindustan Aeronautics Limited (HAL), Honeywell International Inc., L-3 Communications Holdings, Indian Space Research Organization (ISRO), Larsen and Toubro Limited, Lockheed Martin Corporation, Mishra Dhatu Nigam Limited (Midhani), Mahindra, Northrop Grumman Corporation, Ordnance Factory Board (OFB), Raytheon Company, Reliance Defence & Engineering Ltd., Tata Advanced Systems Limited, Tata Power SED, Thales Group

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