Impact of India on Aerospace and Defense – Thematic Research

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 our “thematic engine”.

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Companies mentioned

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

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

    Pricing

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