Defence Market in India in 2012-2022 Reviewed by Visiongain16 Apr 2012 • by Natalie Aster
Enabled by substantial economic growth and driven forward by a national policy of military renewal and development, the Indian defence market has been propelled to the forefront of the world stage in relation to global military markets. The rapid rise of Indian defence spending and capabilities reflects India's position not only within the confines of Asia, but throughout the entire world, as the shifting dynamics of geopolitical power tilt its way. Visiongain has determined that the value of the Indian defence market in 2012 amounted to $38.51bn.
The forecasts and analysis are underpinned by extensive expert consultation and include interviews with Ashok Leyland, Samtel Thales Avionics and the head of the defence technical assessment and advisory service of the CII (Confederation of Indian Industry).
Stemming from the lessons learnt through the experiences of the Kargil conflict and the Mumbai attacks, coupled with more traditional border and geopolitical regional threats emanating from both Pakistan and, increasingly, from China, have led India to establish a firm policy of military procurement which looks set to continue beyond the next decade.
According to the report “The Indian Defence Market 2012-2022” by Visiongain, India's strategy to improve its defensive capabilities is to strike a balance between twin commitments to both encourage indigenous development and attract the most advanced foreign made defence systems in the world to Indian soil. This strategy, along with India's progression towards a more privately influenced defence market means that from aircraft and submarines, to communications and unmanned vehicles, the Indian defence market offers significant opportunities for future business.
The Indian Defence Market 2012-2022
Published: March, 2012
Price: US$ 2.953,00
India's quest to modernise and advance its military touches all divisions and areas of Indian defence, including the Army, Navy and Air Force, as well as areas such as research and development, training, and construction. As a consequence, the market remains active for companies with concentrations across all sectors of Indian defence.
This report contains 89 tables, charts and graphs that add quantitative analysis to explain developing trends within the Indian defence market, as well as individual submarkets that constitute the overall market.
Visiongain provides forecasts for the period 2012-2022 in terms of value (in US$) for the Indian defence market, as well as for the Indian defence revenue and capital expenditure markets. In addition, eight Indian defence capital expenditure submarkets are analysed.
More information can be found in the report “The Indian Defence Market 2012-2022” by Visiongain.
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