Visiongain: Indian defense market to continue rapid, dynamic expansion

LONDON, 27 March 2012. India's strong and dynamic growth in military spending will continue through the next decade, as the Indian government seeks to fulfill ambitious defense modernization plans. India will spend $38.51 billion on defense in 2012, according to Visiongain’s latest report, “The Indian Defence Market 2012-2022.”

"Despite the continued existence of restraints on the market such as slow tender processes and a dominant state sector, huge opportunities exist for a wide variety of defense firms. Those who are willing to work within the Indian government framework for indigenization of production will find themselves in a potentially long-term and lucrative arrangement," says the report’s author.

Visiongain analysts provide forecasts for the period 2012-2022 in terms of value (US$) for the Indian defense market, which is broken down into revenue and capital expenditure, as well as for eight submarkets that together form the overall capital expenditure figure. The report provides profiles of leading public, private, joint venture, and international companies operating within the market, and includes interviews with experts in the field of Indian defense, providing specialist insight alongside Visiongain analysis.

Companies Listed

ABG Shipyard Limited (ABG)

Adcom Military Industries

Advance Tech Control Pvt Ltd

AgustaWestland

Airbus, Airspace Infrastructure Private Ltd

Alenia Aermacchi

Alenia Aeronautica

Allen Reinforced Plastics Pvt Ltd

Alpha Design Technologies Pvt Ltd

Alpha Phazotron Radar Equipment Systems

Anjani Technoplast

Antonov

Armaris

Ashok Lelyand Defence Systems Ltd (ALDS)

Ashok Leyland

Asta Microwave Products Limited

Aubert Duval

Automotive Coaches and Components Ltd

Avadi Heavy Vehicle Factory

Aviazapchast Plc

Aviotech Lld

Axis Aerospace and Technologies (AAT)

Babcock Group

BAE Systems

BAE Systems BAEHAL Software Ltd

BAE Systems Bofors AB

BAE Systems India Pvt Ltd

BAE Systems Land and Armaments Group

BAEHAL Software Ltd

Barco NV

Barracuda Camouflaging Ltd

Berretta

Bharat Dynamics Limited

Bharat Earth Movers Limited (BEML)

Bharat Electronics Limited (BEL)

Bharat Electronics Limited OP Financials

Bharat Electronics Limited Optronic Devices Ltd

Bharat Forge

Bharat Shipyard

Boeing Company

Boeing Defence Space and Security (BDS)

BP Solar

BrahMos Aerospace

Bumar Group

Bumar Ltd

Bushmaster Firearms International Llc

CADES Digitech Pvt Ltd

CAE Inc

CAE India Pvt Ltd

Chemring Group

CMC Ltd

Compania Espanola de Sistemas Aeronauticos (CEPA)

Corporation Zaschchita

Coyard

Dassault Aviation

Dassault Group

Dassault Systemes

Data Patterns India Pvt Ltd

DCNS India

Defence Land Systems

Defence Land Systems India

Denel Pty

Diehl Defence

Direction des Constructions Navales Services (DCNS)

DMD Group

DRS Technologies

Dynamatic Technologies Ltd

EADS Airbus

EADS Cassidian

EADS Eurocopter

EADS P2I 'Warszawa-Okecie' SA

Edgewood India

Edgewood Technologies Pvt Ltd

Edgewood Ventures Llc

Elbit Systems Electro Optics

Elbit Systems Ltd

ELTA Systems Ltd

Embraer

EON Infotech

European Aeronautic, Defence and Space Company (EADS)

Fincanteri SpA

Finmeccanica SpA

Flash Forge India Pvt Ltd

FN Herstal

Garden Reach Shipbuilders and Engineers Limited (GRSE)

General Dynamics C4 Systems (GDC4S)

General Dynamics Corporation

General Dynamics Land Systems (GDLS)

General Dynamics UK (GDUK)

General Electric

General Electric Medical Systems

Goa Shipyard Ltd

Godrej & Boyce Manufacturing Company Ltd

Godrej Group

Grob Aircraft

HAL Edgewood Technologies Pvt Ltd

HALBIT Avionics Pvt Ltd

Hartzell Propellors

HATSOFF Helicopter Training Pvt Ltd

Hawker Beechcraft Corporation

HBL Nife Power Systems

HCL Aerospace & Defence

HCL Technologies

Heavy Engineering Corporation

Heckler & Koch

Hinduja Automotive

Hinduja Group

Hindustan Aeronautics Limited (HAL)

Hindustan Opticals

Hindustan Shipyard

Honeywell Automation India Ltd (HAIL)

Honeywell Avionics

Honeywell International Inc.

Honeywell Technology Solutions (HTSL)

Honeywell Turbo Technologies (HTT)

Howaldswerke Deutsche Werft (HDW)

ICICI Bank

Ilyushin Jsc

INCAT

Indo-Russian Aviation Ltd

Infotech Enterprises Ltd

Infotech HAL Ltd

I

ntermarine

International Aero Manufacturing Pvt Ltd

Israel Aerospace Industries Ltd (IAI)

Israel Weapons Ltd

Jupiter Aviation Logistics (JAL)

Jupiter Strategic Technologies Pvt (JST) Ltd

Kalyani Group

Kamov Jsc

Kangnam

Kawaski

KEW Industries Ltd

Kirloskar Brothers Ltd

Korean Aerospace Industries (KAI)

KPB Tula

Krauss-Maffei Wegmann GmbH & Co. (KMW)

Larsen & Toubro Ltd (L&T)

LIG NEX1

Lockheed Martin Corporation

Lockheed Martin India Private Ltd

Magellan Aerospace Corporation

Magnum Aviation

Mahindra & Mahindra (M&M)

Mahindra Satyam

Max Aerospace and Aviation Limited

Mazagon Dock Limited (MDL)

Mazagon-Pipavav Ltd

MBDA Systems

Memory Electronics Pvt Ltd

Merlin Hawk Associates

Michelin

Microcon

Mikoyan

Mishra Dhatu Nigam Limited (MIDHANI)

MKU

Multirole Transport Aircraft Ltd

Multitone Mobile Communications Company

Navatina

Nelco

Northrop Grumman Corporation

Nova Integrated Systems Ltd

NPO Mashinostroyeniya Jsc

Panhard General Defence

Paramount Group

Pawan Hans

Pearson Engineering

Phazotron Corporation

Pilatus Aircraft

Pipavav Defence & Offshore Engineering Company Ltd

Pipavav Shipyard Limited (PSL)

Pratt & Whitney (P&W)

Premium AEROTECH GmbH (PAG)

Punj Lloyd Ltd

QuEST Global Engineering

Rafael Advanced Defence Systems Limited

Ramoss India Ltd

Rayazan SIP

Raytheon Company

Raytheon India

Raytheon Integrated Defense Systems

Reliance Group

Reliance Industries Ltd

Rheinmetall Air Defence

RK Machine Tools

RMX Bridport Defence Systems Pvt

Rolls Royce Defence & Aerospace

Rolls Royce Group Plc.

Rolls Royce Overseas Holdings Ltd

Rolta India Limited

Rolta Thales

Rosoboronexport

Rostvertol

Russian Aircraft Corporation (RAC/MiG)

Saab AB

Saab Dynamics

Safran Group

Samtel Display Systems Ltd (SDS)

Samtel Group

Samtel Group India

Samtel HAL Display Systems Ltd (SHDS)

Samtel Thales Avionics Ltd

SangYong Motor Company

Seamless Group

SEC Industries Pvt Ltd

Selex Communications

Selex Galileo

Serial Innovations

Setforge

Shrilakhsmi Cotsyn Corporation

Shrilakshmi Defence Solutions Ltd (SLDS)

SIGMA Microsystems

SIGT Pvt Ltd

Sikorsky Aircraft Corporation

Singapore Technologies Kinetics

Skanda Aerospace

Snecma (Societe Nationale d'Etude et de Construction de Moteurs d'Aviation)

Snecma HAL Aerospace Pvt Ltd

Soltam Systems

Southern Group Industries

Speck Systems

SQuAD

Steel Authority of India Ltd

Sukhoi Jsc

Sunlight Systems

Svipja Technologies

Tamil Nadu Industrial Development Corporation Ltd (TIDCO)

Tandon Group

Taneja Aerospace & Aviation Ltd

Tata Advanced Materials (TAM)

Tata Advanced Systems (TAS)

Tata BP Solar

Tata Communications

Tata Consultancy Services (TCS)

Tata Elxi Ltd

Tata Group

Tata HAL Technologies Ltd

Tata Industries Ltd

Tata Motors

Tata Power Company

Tata Power Strategic Electronics Division (SED)

Tata Technologies

Tata Teleservices

Tatra

Tatra Sipox

TDA Armaments

Telcom

Textron Systems Corporation

Thales Group

Thales International India Pvt Ltd

Thales Softw

are India Pvt

TIL Tractors India Ltd

TS Kisan & Co. Pvt Ltd

TSL Defence Technologies Pvt

Turbomeca

Turbomeca India Engines Pvt Ltd

UAC Transport Aircraft

Ukrinmash

United Aircraft Corporation (UAC)

United Aircraft Corporation Transport Aircraft (UAC-TA)

United Technologies Corporation (UTC)

Ukraineexport

Uralvagonzavod Scientific Industrial Corporation Plc

Vecima

VEM Technologies

VXL Technologies

Walchandnagar Industries Ltd

Wartsila India

WFEL

Wipro Technologies

Zen Technologies