India Defense Equipment Market to Grow at an impressive CAGR through 2025
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 years.
Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on " India Defense Equipment Market"
https://www.techsciresearch.com/report/india-defense-equipment-market/4813.html
The India
defense equipment market is segmented based on armed force, company and region.
Based on armed force, the market can be categorized into air force, army and
navy. Among these, the army segment is expected to dominate the market on
account of the ongoing modernization and capability development within the
Indian army. For instance, in November 2019, Ministry of Defense, India, signed
a contract worth USD2.8 billion with Ordnance Factory Board to license build
464 additional T-90s main battle tanks for the Indian army.
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 are some of the leading players operating in India defense
equipment market. The companies operating in the market are using organic
strategies such as product launches, mergers and collaborations to boost their
share.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4813
Customers can
also request for 10% free customization on this report.
“India defense equipment market
is expected to witness significant growth during the forecast period on account
of growing FDI by major players like Airbus, Boeing, BAE Systems, among others
in the country. Moreover, the ‘Make in India’ initiative is further expected to
create opportunities for Indian players by making them self-reliant and
self-sufficient. The concept of import substitution is being widely accepted by
the stakeholders’, thereby creating opportunities for manufacturing &
production of defense equipment in the country.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“India Defense Equipment Market
By Armed Forces (Air Force, Army, Navy), By Region, Forecast &
Opportunities, 2025”, has evaluated
the future growth potential of India defense equipment market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India defense equipment market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]