According to a new market report published by Lucintel, the future of the composites in the Indian aerospace and defense industry looks promising with opportunities in civil aviation, military aviation and spacecraft application. The composite in Indian aerospace and defense industry is expected to reach an estimated $71.2 million by 2026 with a CAGR of 13.1% from 2021 to 2026. The major growth drivers for this market are increase in military and defense expenditure, increasing use of lightweight and high performance material, and availability of low-cost skilled manpower.
Browse 60 market data tables and 66 figures spread through 162 pages and in-depth TOC on “Composites in the Indian Aerospace and Defense Industry Market"
In this market RTM/VARTM (resin transfer molding/vacuum assisted resin transfer molding), 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. Filament winding is expected to witness highest growth over the forecast period.
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.
Emerging trend, which have a direct impact on the dynamics of the composites in the Indian aerospace and defense industry, include use of nano technology material for aerospace industry. TATA Group, Hindustan Aeronautics, Kineco Kaman Composites, Taneja Aerospace and Aviation, and Adani Defence & Aerospace are among the major composites in the Indian aerospace and defense industry manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the composites in the Indian aerospace and defense industry by application and process. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Composites in the Indian Aerospace and Defense Industry 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the composites in the Indian aerospace and defense industry by application and process as follows:
By Application [Volume (M lbs) and $M shipment analysis from 2015 to 2026]:
•Civil Aviation
•Military Aviation
•Spacecraft
By Process [Volume (M lbs) and $M shipment analysis from 2015 to 2026]:
•RTM/VARTM
•Filament Winding
•Prepreg Lay-Up
•Hand Lay-Up
•Injection Molding
•Compression Molding
•Others
This 162-page 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 click on this link https://www.lucintel.com/composites-in-indian-aerospace-and-defense-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
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This report answers following 10 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the composites in the Indian aerospace and defense industry by application (civil aviation, military aviation and spacecraft), and process (RTM/VARTM, filament winding, prepreg lay-up, hand lay-up, injection molding, compression molding and others )?
Q.2 Which segments will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the composites in the Indian aerospace and defense industry?
Q.5 What are the business risks and threats to the composites in the Indian aerospace and defense industry?
Q.6 What are emerging trends in the composites in the Indian aerospace and defense industry and the reasons behind them?
Q.7 What are some changing demands of customers in the composites in the Indian aerospace and defense industry?
Q.8 What are the new developments in the composites in the Indian aerospace and defense industry? Which companies are leading these developments?
Q.9 Who are the major players in the composites in the Indian aerospace and defense industry? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the composites in the Indian aerospace and defense industry, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the composites in the Indian aerospace and defense industry?