India's Defense Industry, Forecast to 2025 - Most Lucrative Sectors by Value are Airborne C4ISR, Multirole Aircraft and Land-based C4ISR

DUBLIN, April 10, 2020 /PRNewswire/ -- The "The Indian Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025" report has been added to's offering.

This report offers detailed analysis of the Indian defense market with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following:

    --  The Indian defense industry market size and drivers: detailed analysis
        of the India's defense industry during 2021-2025, including highlights
        of the demand drivers and growth stimulators for the industry. It also
        provides a snapshot of the country's expenditure and modernization
    --  Budget allocation and key challenges: insights into procurement
        schedules formulated within the country and a breakdown of the defense
        budget with respect to capital expenditure and revenue expenditure. It
        also details the key challenges faced by defense market participants
        within the country
    --  Import and Export Dynamics: analysis of prevalent trends in the
        country's imports and exports over the last five years
    --  Market opportunities:list of the top ten defense investment
        opportunities over the next 5 years
    --  Competitive landscape and strategic insights: analysis of the
        competitive landscape of the Indian defense industry.

The growth in the Indian defense market, is mainly fuelled by its ongoing rivalry with Pakistan and the need to counter China. The need to secure strategic interests, against the backdrop of ever increasing Chinese presence in the Indian Ocean region, continues to fuel the growth of India's defense expenditure. India, which in the past was involved in an armed conflict with both China and Pakistan, continues to share an uneasy relationship with China and an outright hostile relationship with Pakistan.

India shares a 3,323km land border with Pakistan, and an even longer 3,488km border with the People's Republic of China (PRC), and has territorial disputes with both countries over the ownership of the Northern State of Kashmir and the North Eastern State of Arunachal Pradesh, respectively. These factors have played a crucial role in spurring growth in Indian base defense expenditure (excluding pensions) over the historic period, which increased from US$39.3 billion in 2016 to US$47.3 billion in 2020, reflecting a CAGR of 4.80% over the historic period.

The growth in defense capital expenditure is expected to be fueled by the need to stem the erosion in the country's capabilities to counter Pakistan and China. Over the last few years, India has consistently ranked among the leading defense importers worldwide. Between 2014-2018, India was ranked as the second largest importer of defense equipment, behind only Saudi Arabia. The acquisition of defense equipment is mainly driven by the need to gain a significant technological advantage over Pakistan, while retaining a level of strategic parity with respect to China.

India is expected to procure and invest in segments such as multirole aircraft, frigates, destroyers, corvettes, submarines, tanks, artillery guns, multi-barrel rocket launchers (MBRL), helicopters, surface-to-air missiles and unmanned aerial vehicles (UAV) among others, over the forecast period.

Key Highlights

    --  The Indian defense market is expected to grow at a CAGR of 10.46% over
        the forecast period.
    --  The Indian defense market has three major sectors: Airborne C4ISR,
        Multirole aircraft and Land Based C4ISR.
    --  The Indian Army Modernization with an explicit emphasis on development
        and induction of new wheeled armored vehicles and the Futuristic
        Infantry Fighting Vehicle (FICV) program will drive the Indian Army
        defense modernization spending. On the other hand, the thrust to induct
        LCA Tejas aircraft in greater volumes to replace the now obeselete
        MiG-21 aircraft will spur growth in the Indian Air Force defense
        expenditure, while the Indian Navy which accounts for the smallest
        portion of defense capital spending is anticipated to focus on
        modernization of its submarine arm and induction of new minesweepers.

Top Defense Market Sectors by Value During 2020-2025

    --  Airborne C4ISR
    --  Multirole Aircraft
    --  Land-based C4ISR

Reasons to Buy

    --  Determine prospective investment areas based on a detailed trend
        analysis of the Indian defense market over the next five years
    --  Gain in-depth understanding about the underlying factors driving demand
        for different defense and internal security segments in the Indian
        market and identify the opportunities offered.
    --  Strengthen your understanding of the market in terms of demand drivers,
        market trends, and the latest technological developments, among others
    --  Identify the major threats that are driving the Indian defense market
        providing a clear picture about future opportunities that can be tapped,
        resulting in revenue expansion
    --  Channelize resources by focusing on the ongoing programs that are being
        undertaken by the Indian government
    --  Make correct business decisions based on in-depth analysis of the
        competitive landscape consisting of detailed profiles of the top defense
        equipment providers in the country. The company profiles also includes
        information about the key products, alliances, recent contract awarded,
        and financial analysis, wherever available

Companies Mentioned

    --  BAE Systems PLC
    --  BEML
    --  Bharat Dynamics Ltd.
    --  Bharat Electronics Ltd.
    --  Boeing
    --  Goa Shipyard Ltd.
    --  Hindustan Aeronautics Ltd.
    --  Lockheed Martin Corporation
    --  Mahindra Defence Systems
    --  Mazagon Docks Shipbuilders Ltd.
    --  Ordnance Factory Board
    --  Tata Advanced Systems Ltd.
    --  Thales

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