Make in India Defense Outlook 2023

  • ID: 4402466
  • Report
  • Region: India
  • 90 pages
  • Mordor Intelligence
1 of 5

FEATURED COMPANIES

  • Bae Systems
  • Boeing
  • Lockheed Martin
  • Mbda
  • MORE
India is the seventh-largest economies in the world, with USD 2.264 trillion GDP in 2016 It is the fastest-growing economy in the world overtaking China. Contrast to this many countries is battling economic crisis. India has the third-largest armed force in the world and fifth-largest spender in defense, with around USD 55.923 billion annual spending.

India remains the largest arms importer in the world over the last 5 years (2011-15) accounting for 14.7% of total armed import. The allocation of the defense budget for 2016-17 is a massive USD 34.5 billion. Out of this, nearly USD 20 billion estimated budget is for import and approximately USD 10 billion will be spent on capital acquisition.

Opening up of the defense sector for private players has created a great opportunity for the global arm manufacturer. These manufacturers can do business not only in/for India, but also, can create arm manufacturing facility, to cater the world market. India has amended the defense procurement policy in 2016. A new category of capital procurement by IDM (Indigenously designed developed and manufactured) has been introduced to encourage indigenous design and manufacturing. The policy has clearly stated Buy and Make in India over Buy Global. The requirement for technology transfer is also explicitly defined. Provision for the global arm manufacturer to select Indian partner has been made.

Foreign direct investment, by automatic route, has been raised to 49% from 26% with the investment of more than 49% to be allowed after special clearance. The invest limit by the foreign portfolio investors has been set at 26% via automatic route.

The key sectors identified for manufacturing are aircraft and aero engines, submarines and naval fleets, arms & rifles and accessories.

Some of the Main Features of the Make In India Include:

Green channel policy promulgated as a step to promote ease of doing business
Indian products will get higher preference over the global ones, therefore, imports are expected to fall considerably
An offset clause where 30% of procurement will have to be from domestic providers in deals going over INR 3 billion
The initial industrial licenses to be valid for a period of 3 years now up from the erstwhile 2 years
Standard operating procedure for allotment and utilization of proof and field firing ranges by private defense industry
R&D will witness the maximum governmental support, to make it more attractive and streamlined
The Indian defense budget is expected to reach USD 66.5 billion, registering a CAGR of 8.78%. Out of which, around 75% of the budget is expected to go the Indian Army, due to the rising concern with the border dispute with China and Pakistan. Hence, this factor represents a very good opportunity for the players in the defense sector.
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Bae Systems
  • Boeing
  • Lockheed Martin
  • Mbda
  • MORE
1. Research Methodology

2. Key Findings of The Study

3. Executive Summary

4. Market Overview
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter’s 5 Force Analysis
4.4 Industry Policies

5. Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Growing Security Threats for India
5.2.2 Focus On Research And Development
5.2.3 Rising Defence Expenditure
5.2.4 Ageing Military Equipment
5.3 Restraints
5.3.1 Policy Ambiguity
5.3.2 Offset Clause
5.4 Trends
5.4.1 Massive Modernisation of the Naval Fleet
5.4.2 46 production licenses issued to defence manufacturers
5.4.3 Airbus tata to manufacture replacement for AVRO

6. Indian Defense Market
6.1 Defence Budget Spending Overview
6.2 Technoology Overview
6.3 Segmentation By Purpose
6.4 Indian Army
6.4.1 Infantry Weapons
6.4.1.1 Small Weapons
6.4.1.2 Explosives , rockets and missile systems
6.4.1.3 Mortars
6.4.2 Vehicles
6.4.2.1 Combat
6.4.2.2 Engineering And Support
6.4.2.3 Mine Protected, Mine Laying and Mine Clearing
6.4.2.4 Armored Cars
6.4.2.5 Utility and miscellaneous
6.4.3 Artillery And Missile Systems
6.4.4 Army Aviation
6.5 Indian Air Force
6.5.1 Multirole Fighters And Strike Aircraft
6.5.2 Air Borne Early Warning And Control Aircraft
6.5.3 Transport Aircraft
6.5.4 Helicopters
6.5.5 Unmanned Aerial Vehicles
6.5.6 Trainer Aircraft
6.6 Indian Navy
6.6.1 Submarines
6.6.2 Ships
6.6.3 Weapon Systems
6.6.4 Naval Satellite
6.6.4.1 Electronic Warfare And Systems Management
6.6.5 Indian Coast Guard
6.7 Paramilitary Forces
6.8 Central Reserve Police Force
6.9 Border Security Force
6.10 Indo Tibetan Border Police
6.11 National Security Guards
6.12 Special Protection Group
6.13 Special Forces
6.14 Others

7. Competitive Intelligence - Company Profiles
7.1 MBDA
7.1.1 Overview
7.1.2 Major Products and Services
7.1.3 Financials
7.1.4 Recent Developments
7.2 Lockheed Martin
7.2.1 Overview
7.2.2 Major Products and Services
7.2.3 Financials
7.2.4 Recent Developments
7.3 Boeing
7.3.1 Overview
7.3.2 Major Products and Services
7.3.3 Financials
7.3.4 Recent Developments
7.4 BAE Systems
7.4.1 Overview
7.4.2 Major Products and Services
7.4.3 Financials
7.4.4 Recent Developments
7.5 Raytheon
7.5.1 Overview
7.5.2 Major Products and Services
7.5.3 Financials
7.5.4 Recent Developments
7.6 Oboronprom
7.6.1 Overview
7.6.2 Major Products and Services
7.6.3 Financials
7.6.4 Recent Developments
7.7 General Dynamics
7.7.1 Overview
7.7.2 Major Products and Services
7.7.3 Financials
7.7.4 Recent Developments
7.8 EADS
7.8.1 Overview
7.8.2 Major Products and Services
7.8.3 Financials
7.8.4 Recent Developments
7.9 United Technologies Corporation
7.9.1 Overview
7.9.2 Major Products and Services
7.9.3 Financials
7.9.4 Recent Developments
7.10 Finnmeccanica
7.10.1 Overview
7.10.2 Major Products and Services
7.10.3 Financials
7.10.4 Recent Developments
7.11 Thales Group
7.11.1 Overview
7.11.2 Major Products and Services
7.11.3 Financials
7.11.4 Recent Developments
7.12 Sikorsky Aircraft
7.12.1 Overview
7.12.2 Major Products and Services
7.12.3 Financials
7.12.4 Recent Developments
7.13 General Dynamics Land Systems
7.13.1 Overview
7.13.2 Major Products and Services
7.13.3 Financials
7.13.4 Recent Developments
7.14 United Aircraft Corporation
7.14.1 Overview
7.14.2 Major Products and Services
7.14.3 Financials
7.14.4 Recent Developments
7.15 Embraer
7.15.1 Overview
7.15.2 Major Products and Services
7.15.3 Financials
7.15.4 Recent Developments
7.16 Israel Aerspace Industries
7.16.1 Overview
7.16.2 Major Products and Services
7.16.3 Financials
7.16.4 Recent Developments
7.17 Pilatus Aircraft
7.17.1 Overview
7.17.2 Major Products and Services
7.17.3 Financials
7.17.4 Recent Developments
7.18 General Dynamics Electric Boat
7.18.1 Overview
7.18.2 Major Products and Services
7.18.3 Financials
7.18.4 Recent Developments
7.19 Agusta Westland
7.19.1 Overview
7.19.2 Major Products and Services
7.19.3 Financials
7.19.4 Recent Developments
7.20 Airbus
7.20.1 Overview
7.20.2 Major Products and Services
7.20.3 Financials
7.20.4 Recent Developments
7.21 M/s Griffon Hovercraft limited
7.21.1 Overview
7.21.2 Major Products and Services
7.21.3 Financials
7.21.4 Recent Developments
7.22 Dassault
7.22.1 Overview
7.22.2 Major Products and Services
7.22.3 Financials
7.22.4 Recent Developments
7.23 Rafael
7.23.1 Overview
7.23.2 Major Products and Services
7.23.3 Financials
7.23.4 Recent Developments

8. Investment Analysis
8.1 Recent Mergers And Acquisitions
8.2 Investment Outlook
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5
  • Mbda
  • Lockheed Martin
  • Boeing
  • Bae Systems
Note: Product cover images may vary from those shown
5 of 5
Note: Product cover images may vary from those shown
Adroll
adroll