Impact of India on Aerospace and Defense - Thematic Research
Summary
The impact of India is one of the emergent dominant trends in contemporary geopolitics.
The impact of India refers to the role of India as a major defense consumer and one of the world’s leading importers of defense products. This includes numerous attempts at incorporating and developing domestic production and/or assembly.
The Modi government has prioritized the development of a robust domestic defense manufacturing base to curtail imports of expensive defense equipment. The government has changed procurement and FDI regulations to promote a greater level of private sector participation in the country’s defense sector and enhance the overall competitiveness of the Indian defense sector by promoting partnerships and attracting FDI in defense. Against this backdrop, the Indian MoD is anticipated to consistently increase its defense expenditure from $66.9bn in 2020 to $74.2bn in 2021. Over the period to 2030 period, Indian defense expenditure is expected to reflect a CAGR of 12.91% and increase from $74.2bn in 2021 to $120.6bn in 2025. Historic data shows that India invested a cumulative total of $302.2bn in the defense sector during 2016-2020, which is expected to increase to $482.1bn over 2021-2025. Increased tensions with China as well as Pakistan will drive this further, as will the need to replace legacy platforms.
Scope
Reasons to Buy
Summary
The impact of India is one of the emergent dominant trends in contemporary geopolitics.
The impact of India refers to the role of India as a major defense consumer and one of the world’s leading importers of defense products. This includes numerous attempts at incorporating and developing domestic production and/or assembly.
The Modi government has prioritized the development of a robust domestic defense manufacturing base to curtail imports of expensive defense equipment. The government has changed procurement and FDI regulations to promote a greater level of private sector participation in the country’s defense sector and enhance the overall competitiveness of the Indian defense sector by promoting partnerships and attracting FDI in defense. Against this backdrop, the Indian MoD is anticipated to consistently increase its defense expenditure from $66.9bn in 2020 to $74.2bn in 2021. Over the period to 2030 period, Indian defense expenditure is expected to reflect a CAGR of 12.91% and increase from $74.2bn in 2021 to $120.6bn in 2025. Historic data shows that India invested a cumulative total of $302.2bn in the defense sector during 2016-2020, which is expected to increase to $482.1bn over 2021-2025. Increased tensions with China as well as Pakistan will drive this further, as will the need to replace legacy platforms.
Scope
- Demand in Indian aerospace and Defense will be driven by a number of geopolitcal factors such as Chinese and Pakistani development, as well as internal political incentives.
- This report looks at key products in Indian defense
- This report is part of our ecosystem of thematic investment research reports, supported by the “thematic engine”.
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Table of Contents
- Executive summary
- Players
- Thematic Briefing
- Technology trends
- Macroeconomic trends
- Regulatory trends
- Mergers and acquisitions
- Timeline
- Value chain
- Companies
- Public companies
- Private companies
- Glossary
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Adani Land Defense Systems and Technologies
- Advanced Numerical Research & Analysis Group (ANURAG)
- Advanced Systems Laboratory (ASL)
- Aeronautical Development Establishment (ADE)
- Airbus
- Almaz-Antey Concern
- Amur Shipbuilding Plant
- Antonov
- Armaments Research & Development Establishment (ARDE)
- Ashok Leyland
- BAE Systems
- Bharat Dynamics (BDL)
- Bharat Earth Movers (BEML)
- Bharat Electronics (BEL)
- Bharat Heavy Electricals (BHEL)
- Bombardier
- BRP-Rotax
- Central Mechanical Engineering Research Institute (CMERI)
- Centre for Artificial Intelligence & Robotics (CAIR)
- Centre for High Energy Systems and Sciences (CHESS)
- Chelyabinsk Tractor Plant.
- Cochin Shipyard (CSL)
- Combat Vehicles Research & Development Establishment (CVRDE)
- Daewoo Shipbuilding & Marine Engineering (DSME)
- Dassault Aviation
- Defense Electronics Research Laboratory (DLRL)
- Defense Research & Development Laboratory (DRDL)
- Denel Land Systems
- Elbit Systems
- Electronics & Radar Development Establishment (LRDE)
- Embraer
- Fakel Machine-Building Design Bureau
- Fincantieri
- Garden Reach Shipbuilders & Engineers (GRSE)
- General Dynamics
- General Electric (GE)
- Goa Shipyard (GSL)
- Gorkovsky Avtomobilny Zavod (GAZ)
- High Energy Materials Research Laboratory (HEMRL)
- Hindustan Aeronautics (HAL)
- Hindustan Shipyard (HSL)
- Ilyushin Aviation Complex
- IMI Systems
- Indian Telephone Industries (ITI)
- ISRO
- JSC Klimov
- JSC PO Sevmash
- Uralvagonzavod
- Tactical Missiles Corporation (TMC)
- Kamov Helicopters
- Kazan Helicopter Plant
- KB Mashinostroyeniya
- Korea Tacoma Marine Industries
- Larsen & Toubro (L&T)
- Laser Science & Technology Centre (LASTEC)
- Lockheed Martin
- Mahindra & Mahindra
- Maruti Suzuki India
- Mazagon Dock
- Mil Moscow Helicopters Plant
- MKB Raduga
- Naval Physical & Oceanographic Laboratory (NPOL)
- Navantia
- NII Stali
- NPO Mashinostroyeniya
- NPO NIIIP-NZiK
- NPO Vympel
- ODK Saturn PAO
- OJSC Baltic Shipyard
- Ordnance Factory Board (OFB)
- PJSC Beriev Aircraft Company
- Rafael Advanced Defense Systems
- Raytheon Technologies
- Reliance Naval and Engineering
- Rheinmetall Defense
- Rosoboronexport
- Rubin Design Bureau
- Russian Aircraft Corporation MiG
- Saab
- Sterlite Technologies
- Sukhoi
- TATA Motors
- Textron
- Thales
- Boeing
- Tata Power
- Tulamashzavod
- U R Rao Satellite Centre (URSC)
- Zaklady Mechaniczne Bumar Labedy
- Alpha Design Technologies
- Bharat Forge (BFL)
- BrahMos Aerospace
- CONTROP Precision Technologies
- General Atomics
- Howaldtswerke-Deutsche Werft
- Indo-Russia Rifles (IRRPL)
- Israel Aerospace Industries
- Israel Weapon Industries (IWI)
- JSC Kalashnikov Concern
- Kalyani Group
- KBP Tula
- MTU Friedrichshafen
- Naval Group
- PLR Systems
- Poeir Jets
- Tata Advanced Systems (TASL)
- ThyssenKrupp Marine Systems
- UVision Air
- Xovian
