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The total market opportunity for A&D electronics for India ranges from US$ 70-72 billion in the next 10-12 years

A&D Electronics Aerospace & Defence Electronics market to reach $72 bn

Jan 24, 2017

According to a joint report by IESA, Nasscom and Roland Berger, the total market opportunity for A&D electronics for India ranges from US$ 70-72 billion in the next 10-12 years.

Market opportunity for Aerospace and Defence (A&D) Electronics in India is pegged to be at $70-72 billion in the next 10-12 years, according to a joint report by IESA, Nasscom and Roland Berger. The report further stated that the total market opportunity for A&D electronics for India ranges from US$ 70-72 billion in the next 10-12 years. It further added, “India needs to modernise its A&D capital equipment base by addressing obsolescence as well as build additional capability through new capital acquisition. This requirement is also supplemented by additional budgetary allocations of the Ministry of Home Affairs for paramilitaries and state police force requirements.” Elaborating further on this, V K Saraswat, a NITI Aayog member, said, “The size of strategic electronics is projected to grow to $72 billion from the present $1.7 billion market. Though India is considered as a ‘soft power’ in the space, we are yet to witness a single Indian company that develops strong end-to-end Aerospace and Defence software solutions.”

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