India Defense Equipment Market By Armed Forces, Size, Share, Key Players, Technology Forecast

Defense industry is one of the most important sectors in any country. India is among the world’s top five countries based on spending on defense. The defense budget announced for the year 2020-2021 in India is around USD65.86 billion, which is around 15.5 % of the central government’s budget and 2.1% of the country’s estimated GDP.

India defense equipment market is expected to grow at an impressive rate during the forecast period. The India defense equipment market is driven by the increasing focus towards modernization, technological upgradation, while maintaining the homeland security. Additionally, supportive government policies such as the ‘’Make in India concept and Defense Procurement Procedure (DPP) are promoting indigenization, self-sufficiency and development & production of defense equipment. This has also increased the role of MSMEs in defense industry, which in turn is expected to positively influence the market growth through 2025. Furthermore, the entrance of foreign investors and companies has led to various partnerships between the foreign and Indian companies, thereby expected to create lucrative opportunities for the market growth. However, the sudden outbreak and spread of pandemic COVID-19 and nationwide lockdown has affected the defense industry in the country. All the manufacturing activities have been suspended due to lack of demand, especially the aircraft manufacturing segment, since there is no demand for aircrafts and fighter planes at the moment.

The India defense equipment market is segmented based on armed forces, company, and region. Based on armed forces, the market can be categorized into air force, army and navy. Among these, the army segment is expected to dominate the market since it holds the largest share in the defense budget segment.

Major players operating in the India defense equipment market include Hindustan Aeronautics Limited (HAL), Defense Equipment Research and Development Organization (DRDO), Ordnance Factory Board (OFB), Bharat Electronics Limited (BEL), Hinduja Group, Rafael Advanced Defense Equipment Systems Ltd., Rostec India, Lockheed Martin Corporation, The Boeing Company, Tata Sons Private Limited and others. The companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.


Click here to download the sample

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

  • To analyze and estimate the market size of India defense equipment market from 2015 to 2018.
  • To estimate and forecast the market size of India defense equipment market from 2019 to 2025 and growth rate until 2025.
  • To classify and forecast India defense equipment market based on armed forces, company, and regional distribution.
  • To identify dominant region or segment in the India defense equipment market.
  • To identify drivers and challenges for India defense equipment market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India defense equipment market.
  • To identify and analyze the profile of leading players operating in India defense equipment market.
  • To identify key sustainable strategies adopted by market players in India defense equipment market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of India defense equipment market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Defense equipment manufacturers, suppliers, distributors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to defense equipment
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India defense equipment market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • India Defense Equipment Market, By Armed Forces:
    • Air Force
      • Equipment Type
        • Training and Simulation
        • Communication Systems
        • Weapons and Ammunitions
        • Manned and Unmanned Aerial Vehicles
        • Others
    • Army
      • Equipment Type
        • Personal Training and Protection
        • Communication Systems
        • Weapons and Ammunitions
        • Tanks & Fighting Vehicles
        • Manned and Unmanned Aerial Vehicles
        • Others
    • Navy
      • Equipment Type
        • Weapons and Ammunitions
        • Sea-based Manned and Unmanned Vehicles
        • Communication Systems
        • Others
  • India Defense Equipment Market, By Region:
    • North
    • South
    • East
    • West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India defense equipment market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Website: https://www.techsciresearch.com

Comments

Post a Comment

Popular posts from this blog

Saudi Arabia Inductor Market Analysis By Inductance, Size, Share, Trend, Competition, Future Growth Forecast 2027 | TechSci Research

Image
Saudi Arabia inductor market is expected to grow at a steady CAGR during the forecast period. The rise in the demand for consumer electronics and the growing per capita income of middle-class families is increasing consumers' expenditure capacity, which is considered the major driving factor for the growth of the inductor market in the forecast period. The growing adoption of electric vehicles due to the surge in awareness regarding the harmful emissions into the environment is expected to support the growth of the Saudi Arabia inductor market. The surge in the government initiatives to boost other industries growth to diversify the income sources and reduce the dependency on the oil industry as the oil industry is considered the major income-generating industry in Saudi Arabia is expected to foster the demand for semiconductor-related industries, which in turn is influencing the inductor market growth. Ongoing initiatives such as Neom city, National Transformation Program, and th...
Read more

Global Multi-Cloud Management Market Analysis By Platform, Size, Share, Trend, Competition, Future Growth Forecast 2027 | TechSci Research

Global multi-cloud management market is expected to grow at a significant CAGR during the forecast period. Growing implementation of multi cloud management solutions by enterprises across the globe is one of the key factors due to which the market is anticipated to rev up during the forecast years. Moreover, ambiguity about single cloud reliability is positively impacting the growth of market during the forecast period. Furthermore, adoption of micro-services for cloud native applications is expected to bolster the growth of market over the next few years. However, lack of security might act as major impediment to the growth of global multi-cloud management market in the years to come. The global multi-cloud management market is segmented based on  platform, service type, deployment mode, application, end user , company, and region. Based on   platform, the market can be categorized into internal brokerage enablement and external brokerage enablement. Out of which, the extern...
Read more

Vietnam Telecom Market Demand Is Driven By The Proliferation Of Smartphones And Increase In The Fixed Broadband Subscribers | TechSci Research

Image
According to TechSci Research,  Vietnam Telecom market is expected to grow at a steady CAGR in the forecast period, 2023-2027. The proliferation of smartphones and increase in the fixed broadband subscribers is driving the demand of the Vietnam Telecom market. The growing demand for high-speed connectivity by the customers and the massive expenditure for the deployment of the 5G technology are expected to influence the market growth. The use of 5G technology can facilitate autonomous cars and other smart devices and equipment to obtain real-time information. The shift in customers' preference for the adoption of next-generation technologies and getting real-time data from the customers are contributing to the Vietnam Telecom market growth.  The COVID-19 pandemic and the work from home facility provided to the employees is surging the demand for broader bandwidth. The growing adoption of the internet of things technology among the prominent industry verticals to get real-time ...
Read more