Defense Market - India
Market Statistics
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 17.30 Billion
Market Size in 2033: USD 29.80 Billion
Market Growth Rate (CAGR) 2025-2033: 5.60%
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According to IMARC Group's report titled " India Defense Market Report and Forecast 2025-2033," the market reached USD 17.30 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 29.80 Billion by 2033, exhibiting a growth rate (CAGR) of 5.60% during 2025-2033.
India Defense Market Trends and Drivers:
- India defense market is undergoing swift modernization with an increasing emphasis on self-sufficiency and local production.
- The government's 'Make in India' and 'Atmanirbhar Bharat' policies are stimulating indigenous manufacture of defense hardware.
- Enhanced budgetary outlay for defense is facilitating acquisition of cutting-edge technologies and modernization of the military.
- Geopolitical tension and border security concerns are compelling India to enhance its defense facilities and capabilities.
- Adding to that, there is a sharp increase in demand for unmanned aerial systems (UAS), electronic warfare systems, and AI-driven surveillance technologies.
- Setting up defense industrial corridors in Uttar Pradesh and Tamil Nadu is drawing domestic as well as foreign investment.
- Furthermore, strategic collaborations and technology partnerships with nations such as the U.S., France, and Israel are accelerating innovation and building capability.
- The India defense market is witnessing growth in private sector involvement, joint ventures, and defense startups.
- Primarily, the emphasis is changing from traditional warfare towards hybrid and cyber warfare, resulting in demand for digital defense systems.
- Demand for naval and aerial defense systems is rising with maritime security issues and the desire for aerial supremacy.
- Moreover, defense procurement reforms and quicker acquisition procedures are facilitating military modernization processes.
- Sustainability is also a growing trend where the military is looking for green technologies and energy-efficient technologies.
India Defense Market Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest India defense Market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Analysis by Type:
- Fixed-Wing Aircraft
- Rotorcraft
- Ground Vehicles
- Naval Vessels
- C4ISR
- Weapons and Ammunition
- Protection and Training Equipment
- Unmanned Systems
Analysis by Armed Forces:
- Army
- Navy
- Air Force
Regional Analysis:
- North India
- West and Central India
- South India
- East and Northeast India
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendation
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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