India Aerospace & Defense Market is set to exceed USD 23 billion by 2024; according to a new research report by Global Market Insights, Inc.


India aerospace & defense market is expected to grow at a significant pace owing to growing need for the modernization of Indian armed forces. The modernization drive aims to leverage advanced military technology to improve the operational capabilities. Need for improvement in areas such as battlefield support systems, situational awareness, non-lethal weapons, and artificial intelligence is expected to drive the India aerospace & defense market over the next seven years.


The government is increasing defense budget and has undertaken several projects in line with the Make in India campaign. For instance, as a part of Infantry Vision 2020