As India is moving to transform itself from a regional power to a global power, the aerospace and defence sector is increasingly occupying more and more space in the country’s long term strategic planning. A USD 10 billion worth 126 medium multi-role combat aircraft (MMRCA) deal is just a case in point.
There are several such defence deals either in the pipeline or being envisioned to strengthen India’s force structure. Estimates show that the Indian Air Force will have more than 1000 Fighter Jets and around 60 squadrons by 2030. India will be spending more than USD 80 billion on capital acquisitions between 2010-2015.
Aerospace and Defence offset opportunity in India is a growing market with strong fundamentals:
- Aerospace and defence offset market opportunity crossed ~US $500 Million annual value in 2010
- Market saw a growth of 78% (CAGR) during 2005-2010 and is forecast to grow at 11% CAGR during next 5 years
- Growing involvement of international players in Indian aerospace and the defence sector is creating opportunity for domestic companies
- OEM’s and Prime contractors looking for capable and credible options to fulfill offset obligations
- International players receive leverage with established relations and experience
- International players benefit by participating in offset market by partnering with domestic companies for low cost manufacturing for both offset and other opportunities
- Government initiative to build indigenous capability is expected to drive the market
- Indian Defence budget, estimated at ~US $32 Billion in 2010, is expected to exceed US $44 Billion in next 5 years
- Total Offset opportunity is expected to surpass ~US$12 B over the next 10 years driven by procurement plans
Until 2010, 10 offset contracts have been finalized
- There are 41 offset contracts worth more than US $11 B in pipeline and at various stage of negotiation
- Total offset market for aerospace and defence is expected to be US$11 B over the next 10 years (2011-2020)
Brief Exhibitor Profile
- Air Carrier Services
- Air Freight / Cargo Carrier
- Air Logistics / Supply Chain Management
- Air Traffic Control Systems
- Airframe Manufacturers
- Aircraft Interiors – Equipment and Services
- Aircraft Parts & Accessories
- Airport Systems / Infrastructure / Services
- Avionics & Radar Systems
- Catering Equipment /Services
- Civil Aircraft Design & Engineering
- Aircraft MRO
- Engines Manufacturers / Parts Components
- Ground Control Systems/ Ground Support Equipment
- Helicopters
- In-flight Entertainment & Telecommunications
- Software Systems, Services & Applications
- Simulators / Training Equipment & Services
- Defence
- Space
Exhibitor Product Profile
Business Matchmaking
