Lucintel Forecasts Indian Aerospace And Defense Composite Market To Reach $67 Million By 2030

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According to the recent study the Indian aerospace and defense composite market is projected to reach an estimated $67 million by 2030 from $46 million in 2023 at a CAGR of 6% from 2023 to 2030. Growth in this market is primarily driven by increase in military and defense expenditure, increasing use of lightweight and high performance material and availability of low-cost skilled manpower.
Browse 66 figures/charts and 60 tables in this 162-page report to understand trends, opportunities and forecast in Indian aerospace and defense composite market by application (civil aviation, military aviation and spacecraft), process (RTM/VARTM, filament winding, prepreg lay-up, hand lay-up, injection molding, compression molding and others).
In this market RTM/VARTM, filament winding, prepreg layup, hand lay-up, injection molding, and compression molding, are the various process of composites in the Indian aerospace and defense industry. Hand lay-up is expected to remain the largest market by value and volume. Defense will remain the largest application by value and volume.
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... and defense composite market
Within the composites in the Indian aerospace and defense industry, military aviation will remain the largest application by value and volume due to increase in demand for new and ongoing programs by Indian government such as ‘Make in India’ and Defence Production and Export Promotion Policy 2020’ under the ‘Aatmanirbhar Bharat’ scheme. Military aviation is also expected to witness highest growth over the forecast period.
Some of the composites in the Indian aerospace and defense industry manufacturers profiled in this report include Hindustan Aeronatics Ltd, Tata Advanced Material Ltd, KineconKaman Composites, Adani Defense and Aerospace Group, Taneja Aerospace and Aviation Limited.
Major players of Indian aerospace and defense composite market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. TATA Group, Hindustan Aeronautics, Kineco Kaman Composites, Taneja Aerospace and Aviation, and Adani Defence & Aerospace are the major suppliers in the Indian aerospace and defense composite market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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