Table of Content




Chapter 1 Methodology & Scope


1.1 Methodology


1.1.1 Initial data exploration


1.1.2 Statistical model and forecast


1.1.3 Industry insights and validation


1.1.4 Definition and forecast parameters


1.2 Data Sources


1.2.1 Secondary


1.2.2 Primary


Chapter 2 Executive Summary


2.1 India aerospace & defense industry 360 degree synopsis, 2013 - 2024


2.1.1 Business trends


2.1.2 Security trends


2.1.3 Service trends


2.1.4 Application trends


Chapter 3 India Aerospace & Defense Industry Insights


3.1 Industry segmentation


3.2 Industry landscape, 2013 - 2024


3.3 Industry ecosystem analysis


3.4 Technological and innovation landscape


3.4.1 Electronic miniaturization


3.4.2 Defensive systems in satellites


3.4.3 Artificial intelligence


3.4.4 Light-weight armor systems


3.4.5 Wearable sensors


3.4.6 UAVs


3.4.7 Smart missiles


3.5 Make in India Drive


3.5.1 FDI policy


3.5.2 Tax and R&D incentives


3.6 India spending on aerospace and defense


3.7 Regulatory landscape


3.8 Industry impact forces


3.8.1 Growth drivers


3.8.1.1 Modernization of armed forces


3.8.1.2 Offsets requirement by the government


3.8.1.3 Indigenous manufacturing of defense equipment


3.8.1.4 Competitive personnel costs


3.8.1.5 High production capabilities


3.8.2 Industry pitfalls and challenges


3.8.2.1 Lack of high-end technology


3.8.2.2 Time consuming and slow tender process


3.9 Growth potential analysis


3.10 Porter’s analysis


3.11 Competitive landscape, 2016


3.11.1 Strategy dashboard


3.12 PESTEL Analysis


3.13 India aerospace & defense spending landscape


3.13.1 Current & upcoming programs/projects


3.13.1.1 Engines and weapons integration in small helicopters


3.13.1.2 HTT-40 BTA Programme


3.13.1.3 PSLV-C37/Cartosat-2 Series Satellite Mission


3.13.1.4 Rustom-II UAV project


3.13.1.5 Manufacturing of defense aircrafts and helicopters


3.13.1.6 Mine Counter Measure Vessel (MCMV) project


3.13.1.7 Future Infantry Combat Vehicle (FICV) Programme


3.13.1.8 Aeronautics


3.13.1.9 Unmanned Aerial Vehicle


3.13.1.10 Artillery Systems


3.13.1.11 Tanks & armaments


3.13.1.12 Electronics and computer science


3.13.1.13 LASTEC


3.13.1.14 Torpedoes


3.13.2 Key companies involved


3.13.3 Total spending on CAPEX 2014 - 2017


3.13.4 Total spending on CAPEX 2018 - 2020


Chapter 4 India Aerospace & Defense Market, By Security


4.1 India aerospace & defense market share, by security, 2016 & 2024


4.2 Aerospace & defense market share by security, 2013 - 2024


4.3 Cyber security


4.3.1 Cyber security market size, 2013 - 2024


4.4 Border security


4.4.1 Border security market size, 2013 - 2024


4.5 Homeland security


4.5.1 Homeland security market size, 2013 - 2024


Chapter 5 India Aerospace & Defense Market, By Service


5.1 India aerospace & defense market share, by service, 2016 & 2024


5.2 Aerospace & defense market share by service, 2013 - 2024


5.3 MRO


5.3.1 MRO services market size, 2013 - 2024


5.4 MTS


5.4.1 MTS services market size, 2013 - 2024


5.5 Logistics


5.5.1 Logistics services market size, 2013 - 2024


Chapter 6 India Aerospace & Defense Market, By Application


6.1 India aerospace & defense market share, by application, 2016 & 2024


6.2 Aerospace & defense market share by application, 2013 - 2024


6.3 Land


6.3.1 Land solutions market size, 2013 - 2024


6.4 Air


6.4.1 Air solutions market size, 2013 - 2024


6.5 Sea


6.5.1 Sea solutions market size, 2013 - 2024


Chapter 7 Company Profiles


7.1 Bharat Forge


7.1.1 Business Overview


7.1.2 Financial Data


7.1.3 Product Landscape


7.1.4 Strategic Outlook


7.1.5 SWOT Analysis


7.2 BAE Systems


7.2.1 Business Overview


7.2.2 Financial Data


7.2.3 Product Landscape


7.2.4 Strategic Outlook


7.2.5 SWOT Analysis


7.3 Bharat Dynamics Limited (BDL)


7.3.1 Business Overview


7.3.2 Financial Data


7.3.3 Product Landscape


7.3.4 SWOT Analysis


7.4 Bharat Earth Movers Limited (BEML Limited)


7.4.1 Business Overview


7.4.2 Financial Data


7.4.3 Product Landscape


7.4.4 SWOT Analysis


7.5 Bharat Electronics Limited (BEL)


7.5.1 Business Overview


7.5.2 Financial Data


7.5.2.1 Revenue, 2014 - 2020


7.5.2.2 Annual growth rate, 2015 - 2017


7.5.2.3 Annual growth rate, 2018 - 2020


7.5.2.4 CAPEX spending, 2014 - 2020


7.5.3 Product Landscape


7.5.4 SWOT Analysis


7.6 Defence Research Development Organization (DRDO)


7.6.1 Business Overview


7.6.2 Financial Data


7.6.2.1 Revenue, 2014 - 2020


7.6.2.2 Annual growth rate, 2015 - 2017


7.6.2.3 Annual growth rate, 2018 - 2020


7.6.2.4 CAPEX spending, 2014 - 2020


7.6.3 Product Landscape


7.6.4 SWOT Analysis


7.7 Godrej Group


7.7.1 Business Overview


7.7.2 Financial Data


7.7.2.1 Revenue, 2014 - 2020


7.7.2.2 Annual growth rate, 2015 - 2017


7.7.2.3 Annual growth rate, 2018 - 2020


7.7.2.4 CAPEX spending, 2014 - 2020


7.7.3 Product Landscape


7.7.4 Strategic Outlook


7.7.5 SWOT Analysis


7.8 Hindustan Aeronautics Limited (HAL)


7.8.1 Business Overview


7.8.2 Financial Data


7.8.2.1 Revenue, 2014 - 2020


7.8.2.2 Annual growth rate, 2015 - 2017


7.8.2.3 Annual growth rate, 2018 - 2020


7.8.2.4 CAPEX spending, 2014 - 2020


7.8.3 Product Landscape


7.8.4 Strategic Outlook


7.8.5 SWOT Analysis


7.9 Honeywell International Inc.


7.9.1 Business Overview


7.9.2 Financial Data


7.9.3 Product Landscape


7.9.4 Strategic Outlook


7.9.5 SWOT Analysis


7.10 L-3 Communications Holdings


7.10.1 Business Overview


7.10.2 Financial Data


7.10.3 Product Landscape


7.10.4 Strategic Outlook


7.10.5 SWOT Analysis


7.11 Indian Space Research Organization (ISRO)


7.11.1 Business Overview


7.11.2 Financial Data


7.11.2.1 Revenue, 2014 - 2020


7.11.2.2 Annual growth rate, 2015 - 2017


7.11.2.3 Annual growth rate, 2018 - 2020


7.11.2.4 CAPEX spending, 2014 - 2020


7.11.3 Product Landscape


7.11.4 SWOT Analysis


7.12 Larsen and Toubro Limited


7.12.1 Business Overview


7.12.2 Financial Data


7.12.2.1 Revenue, 2014 - 2020


7.12.2.2 Annual growth rate, 2015 - 2017


7.12.2.3 Annual growth rate, 2018 - 2020


7.12.2.4 CAPEX spending, 2014 - 2020


7.12.3 Product Landscape


7.12.4 Strategic Outlook


7.12.5 SWOT Analysis


7.13 Lockheed Martin Corporation


7.13.1 Business Overview


7.13.2 Financial Data


7.13.3 Product Landscape


7.13.4 Strategic Outlook


7.13.5 SWOT Analysis


7.14 Mishra Dhatu Nigam Limited (Midhani)


7.14.1 Business Overview


7.14.2 Financial Data


7.14.2.1 Revenue, 2014 - 2020


7.14.2.2 Annual growth rate, 2015 - 2017


7.14.2.3 Annual growth rate, 2018 - 2020


7.14.2.4 CAPEX spending, 2014 - 2020


7.14.3 Product Landscape


7.14.4 Strategic Outlook


7.14.5 SWOT Analysis


7.15 Mahindra


7.15.1 Business Overview


7.15.2 Financial Data


7.15.2.1 Revenue, 2014 - 2020


7.15.2.1 Growth rate, 2015 - 2017


7.15.2.2 Business outlook, 2018 - 2020


7.15.2.3 CAPEX spending, 2014 - 2020


7.15.3 Product Landscape


7.15.4 SWOT Analysis


7.16 Northrop Grumman Corporation


7.16.1 Business Overview


7.16.2 Financial Data


7.16.3 Product Landscape


7.16.4 Strategic Outlook


7.16.5 SWOT Analysis


7.17 Ordnance Factory Board (OFB)


7.17.1 Business Overview


7.17.2 Financial Data


7.17.2.1 Revenue, 2014 - 2020


7.17.2.2 Growth rate, 2015 - 2017


7.17.2.3 Business outlook, 2018 - 2020


7.17.2.4 CAPEX spending, 2014 - 2020


7.17.3 Product Landscape


7.17.4 SWOT Analysis


7.18 Raytheon Company


7.18.1 Business Overview


7.18.2 Financial Data


7.18.3 Product Landscape


7.18.4 Strategic Outlook


7.18.5 SWOT Analysis


7.19 Reliance Defence & Engineering Ltd.


7.19.1 Business Overview


7.19.2 Financial Data


7.19.2.1 Revenue, 2014 - 2020


7.19.2.2 Growth rate, 2015 - 2017


7.19.2.3 Business outlook, 2018 - 2020


7.19.2.4 CAPEX spending, 2014 - 2020


7.19.3 Product Landscape


7.19.4 Strategic Outlook


7.19.5 SWOT Analysis


7.20 Tata Advanced Systems Limited


7.20.1 Business Overview


7.20.2 Financial Data


7.20.2.1 Revenue, 2014 - 2020


7.20.2.2 Growth rate, 2015 - 2017


7.20.2.3 Business outlook, 2018 - 2020


7.20.2.4 CAPEX spending, 2014 - 2020


7.20.3 Product Landscape


7.20.4 Strategic Outlook


7.20.5 SWOT Analysis


7.21 Tata Power SED


7.21.1 Business Overview


7.21.2 Financial Data


7.21.2.1 Revenue, 2014 - 2020


7.21.2.2 Growth rate, 2015 - 2017


7.21.2.3 Business outlook, 2018 - 2020


7.21.2.4 CAPEX spending, 2014 - 2020


7.21.3 Product Landscape


7.21.4 SWOT Analysis


7.22 Thales Group


7.22.1 Business Overview


7.22.2 Financial Data


7.22.3 Product Landscape


7.22.4 Strategic Outlook


7.22.5 SWOT Analysis



List of Tables

Data Tables


Table 1. India aerospace & defense industry 360 degree synopsis, 2013 - 2024


Table 2. India aerospace & defense market (USD Million), 2013-2016


Table 3. India aerospace & defense market (USD Million), 2017-2024


Table 4. India aerospace & defense market, by security (USD Million), 2013 - 2016


Table 5. India aerospace & defense market, by security (USD Million), 2017 - 2024


Table 6. India aerospace & defense market, by service (USD Million), 2013 - 2016


Table 7. India aerospace & defense market, by service (USD Million), 2017 - 2024


Table 8. India aerospace & defense market, by application, 2013 - 2016 (USD Million)


Table 9. India aerospace & defense market, by application, 2017 - 2024 (USD Million)


Table 10. India aerospace & defense market, by land solutions (USD Million), 2013 - 2016


Table 11. India aerospace & defense market, by land solutions (USD Million), 2017 - 2024


Table 12. India aerospace & defense market, by air solutions (USD Billion), 2013 - 2016


Table 13. India aerospace & defense market, by air solutions (USD Billion), 2017 - 2024


Table 14. India aerospace & defense market, by sea solutions (USD Billion), 2013 - 2016


Table 15. India aerospace & defense market, by sea solutions (USD Billion), 2017 - 2024


Table 16. Vendor matrix


Table 17. Industry impact forces


Table 18. Strategy dashboard


Table 19. India aerospace & defense market estimates and forecast, by security, 2013 - 2016 (USD Million)


Table 20. India aerospace & defense market estimates and forecast, by security, 2017 - 2024 (USD Million)


Table 21. India aerospace & defense market estimates and forecast, by service, 2013 - 2016 (USD Million)


Table 22. India aerospace & defense market estimates and forecast, by service, 2017 - 2024 (USD Million)


Table 23. India aerospace & defense market share by application, 2013 - 2016 (USD Million)


Table 24. India aerospace & defense market share by application, 2017 - 2024 (USD Million)


Table 25. India aerospace & defense market, by land solutions, 2013 - 2016 (USD Million)


Table 26. India aerospace & defense market, by land solutions, 2017 - 2024 USD Million)


Table 27. India aerospace & defense market, by air solutions, 2013 - 2016 (USD Million)


Table 28. India aerospace & defense market, by air solutions, 2017 - 2024 (USD Million)


Table 29. India aerospace & defense market, by sea solutions, 2013 - 2016 (USD Million)


Table 30. India aerospace & defense market, by sea solutions, 2017 - 2024 (USD Million)



Charts & Figures


FIG. 1 Industry segmentation


FIG. 2 India aerospace & defense market, 2013 - 2024 (USD Billion)


FIG. 3 Industry ecosystem analysis


FIG. 4 India Defence Budget (USD Billion)


FIG. 5 Breakup of market size of defense equipment manufacturing in India, 2016


FIG. 6 Growth potential analysis


FIG. 7 Porter’s analysis


FIG. 8 PESTEL analysis


FIG. 9 India aerospace & defense market share, by security, 2016 & 2024


FIG. 10 India aerospace & defense market share, by service, 2016 & 2024


FIG. 11 India aerospace & defense market share, by application, 2016 & 2024


FIG. 12 Geographic breakdown of net sales, Bharat Forge, 2016


FIG. 13 Segmental breakdown of net sales, Bharat Forge, 2016


FIG. 14 SWOT Analysis, Bharat Forge


FIG. 15 Sales by domain, BAE Systems, 2016


FIG. 16 Sales by activity, BAE Systems, 2016


FIG. 17 SWOT Analysis, BAE Systems


FIG. 18 SWOT Analysis, Bharat Dynamics Limited


FIG. 19 SWOT Analysis, Bharat Earth Movers Limited


FIG. 20 SWOT Analysis, Bharat Electronics Limited (BEL)


FIG. 21 SWOT Analysis, Defence Research Development Organization


FIG. 22 SWOT Analysis, Godrej Group


FIG. 23 SWOT Analysis, Hindustan Aeronautics Limited (HAL)


FIG. 24 Sales by business segment, Honeywell International Inc. (in millions)


FIG. 25 SWOT Analysis, Honeywell International Inc.


FIG. 26 Net sales by segment, L-3 Communications Holdings


FIG. 27 SWOT Analysis, L-3 Communications Holdings


FIG. 28 SWOT Analysis, Indian Space Research Organization (ISRO)


FIG. 29 SWOT Analysis, Larsen and Toubro Limited


FIG. 30 Northrop Grumman segment revenue, 2016


FIG. 31 SWOT Analysis, Northrop Grumman Corporation


FIG. 32 SWOT Analysis, Mahindra


FIG. 33 SWOT Analysis, Mahindra


FIG. 34 Northrop Grumman segment revenue, 2016


FIG. 35 SWOT Analysis, Northrop Grumman Corporation


FIG. 36 SWOT Analysis, Ordnance Factory Board


FIG. 37 Raytheon segment revenue, 2016


FIG. 38 Raytheon region revenue, 2016


FIG. 39 SWOT Analysis, Raytheon Company


FIG. 40 SWOT Analysis, Reliance Defence & Engineering Ltd


FIG. 41 SWOT Analysis, Tata Advanced Systems Limited


FIG. 42 SWOT Analysis, Tata Power SED


FIG. 43 SWOT Analysis, Thales Group