According to the recent study the Indian aerospace and defense composite market is projected to reach an estimated $71.2 million by 2027 from $31.8 million in 2021, at a CAGR of 13.1% from 2021 to 2027. 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).
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view detailed Table of Content by clicking on below link https://www.lucintel.com/composites-in-indian-aerospace-and-defense-market.aspx
“Hand lay-up market is expected to remain the largest segment
during the forecast period.”
Based on process, the Indian
aerospace and defense composite market is segmented into RTM/VARTM, filament
winding, prepreg lay-up, hand lay-up, injection molding, compression molding
and others. Lucintel forecasts that the hand lay-up is expected to witness the largest
segment over the forecast period, and filament winding is expected to witness
highest growth over the forecast period.
“Within the Indian aerospace and defense composite market, the military
aviation segment is expected to remain the largest application.”
Based on application,
the military aviation segment is expected to witness the largest segment 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 and military aviation is also expected to witness
highest growth over the forecast period.
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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 among the major Indian
aerospace and defense composite providers.
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 click on this link https://www.lucintel.com/composites-in-indian-aerospace-and-defense-market.aspx or helpdesk@lucintel.com.
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Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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