India Defense Equipment Market to Grow at an impressive CAGR through 2025 | TechSci Research
Increasing technological advancements across the defense industry to drive India defense equipment market. According to TechSci Research report, “ India Defense Equipment Market By Armed Forces (Air Force, Army, Navy), By Region, Forecast & Opportunities, 2025 ” , the India defense equipment market is expected to grow at an impressive rate during the forecast period on account of the increasing security concerns and increasing expenditure by the government on R&D activities in defense sector. Additionally, increasing terrorist activities, infiltration, among others has increased the need for border security, maritime security, police force modernization, among others. This in turn is expected to create lucrative opportunities for the market growth through 2025. Furthermore, growing investment by the country on UAVs, submarines, multirole aircraft, frigates, destroyers, corvettes, weapons & ammunition is expected to fuel the market growth over the next few y...