Lucintel Forecasts Composites in Indian Aerospace and Defense Market to Reach $67 Million by 2030

According to the recent study the composites in Indian aerospace and defense 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 of composites in Indian aerospace and defense market 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).

Lucintel forecasts that 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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Defense will remain the largest application by value and volume. Civil aviation is also expected to witness highest growth over the forecast period.

Hexcel Corporation, Reliance Industries, Toray Industries, and Solvay 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. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056

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