EUR 1154.22 For Business Accounts Only

Future of the Indian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2021

Summary

Between 2012 and 2016, the Indian defense budget increased at a CAGR of 3.41%, and is expected to increase significantly, at a CAGR of 6.65% during the forecast period, to reach a value of US$55.4 billion by 2021. Prolonged unresolved border issues and rising tension with two neighboring nations, China and Pakistan, are expected to fuel the defense budget in the coming years; in addition to the country’s need to replace the aging and outdated military hardware and technology. Defense capital expenditure is expected to increase from US$15 billion in 2016 to US$21.2 billion in 2021, at a CAGR of 6.63%.

Key Findings

- During 2012–2016, Indian defense expenditure registered growth of 3.41%, increasing from US$34 billion in 2012 to US$38.9 billion in 2016

- Defense expenditure is anticipated to register a CAGR of 6.65% over 2017–2021and reach a value of US$55.4 billion in 2021

- Over the forecast period, the country’s budget for homeland security is expected to be US$69.6 billion cumulatively

- The key areas of investment are expected to be multi-role aircraft, infrastructure construction, corvettes, surface to air missiles, and frigates

Synopsis

Strategic Defence Intelligence’s report - Future of the Indian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2021 offers detailed analysis of the industry with market size forecasts from 2017–2021. This report sheds light on factors that influence demand in the industry, key market trends, and challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following:

- Defense industry market size and drivers: detailed analysis of the defense industry during 2017–2021, including highlights of the demand drivers and growth stimulators. It also provides a snapshot of the country’s expenditure and modernization patterns

- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to the army, navy, and air force. It also details the key challenges faced by defense market participants within the country

- Porter’s Five Force analysis of the defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, buyers, threat of substitution, intensity of rivalry, and barriers to entry

- Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years

- Market opportunities: details of the top five defense investment opportunities from 2016 to 2026

- Competitive landscape and strategic insights: including an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis

Reasons To Buy

- Identify and track the global defense market and make regional comparisons to effectively target new revenue streams

- Understand the importance of being led by the defense ministries in the military procurement market and define your strategies with insight on what your customers really want by analyzing recent orders, technical specifications, and the country’s expected investment pattern during 2017–2021

- Make correct business decisions based on detailed analysis of the defense industry from 2017–2021,which includes the total competitive landscape of the sector with detailed profiles of the top domestic and foreign defense manufacturers along with information about their products, alliances, recent contract wins, and financial analysis

- Determine prospective investment areas by gaining an in-depth understanding of the industry in terms of market opportunities

- Channel resources by identifying various military requirements that are expected to generate revenues across different sectors during 2017–2021