Indian Aerospace Composites Market is projected to reach an estimated value of US$ 302.5 million in 2023.
This market report, from Stratview Research, studies the Indian aerospace composites market over the trend and forecast period of 2012 to 2017 and 2018 to 2023.
(EMAILWIRE.COM, October 18, 2018 )
Stratview Research announces the launch of a new research report on Opportunities in the Indian Aerospace Composites Market by Opportunity Type (Export Opportunities and Indigenous Opportunities), by Aircraft Type (Civil Aviation, Military Aviation, and Space), by Resin Type (Epoxy Composites, Phenolic Composites, and Others), by Fiber Type (Carbon Fiber Composites, Glass Fiber Composites, and Aramid Fiber Composites), by Application Type (Exterior and Interior), and by Process Type (Hand Layup and Others), Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
Opportunities in the Indian Aerospace Composites Market: Research Highlights
The next five years for the Indian aerospace composites market are going to be extremely vigorous with significant growth opportunities in both indigenous as well as export market. It is estimated that the market for aerospace composites in India including export potential is likely to reach a value of US$ 302.5 million in 2023. Currently, the market is relatively very small with the presence of a few local players, which possess good composite capabilities. However, it is expected that the Indian market is likely to evolve rapidly in terms of both demand as well as technology in order to cater to the huge indigenous demand for commercial as well as military aircraft.
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Increasing defense budgets coupled with offset policy, increasing penetration of composites in the next-generation aircraft programs, increasing production rate of Light Combat Aircraft (LCA), increasing export opportunities for aerospace composites, make in India campaign, and availability of low-cost skilled manpower in India are some of the major factors proliferating the demand for composites in the Indian aerospace industry.The demand is stimulating the global players to either open their branches or form JVs or partnerships with local companies to fulfill the offset obligation imposed by the Indian government.
Some of the key players in the aerospace composites market in India are Tata Group, Hindustan Aeronautics Ltd. (HAL), Kineco Kaman Composites - India Private Ltd., Valeth High Tech Composites Pvt Ltd, Taneja Aerospace and Aviation Limited, and Adani Defense and Aerospace Group. Execution of joint ventures and partnership and development of new composite applications are the key strategies adopted by the major players in the Indian aerospace composites market.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Stratview Research announces the launch of a new research report on Opportunities in the Indian Aerospace Composites Market by Opportunity Type (Export Opportunities and Indigenous Opportunities), by Aircraft Type (Civil Aviation, Military Aviation, and Space), by Resin Type (Epoxy Composites, Phenolic Composites, and Others), by Fiber Type (Carbon Fiber Composites, Glass Fiber Composites, and Aramid Fiber Composites), by Application Type (Exterior and Interior), and by Process Type (Hand Layup and Others), Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
Opportunities in the Indian Aerospace Composites Market: Research Highlights
The next five years for the Indian aerospace composites market are going to be extremely vigorous with significant growth opportunities in both indigenous as well as export market. It is estimated that the market for aerospace composites in India including export potential is likely to reach a value of US$ 302.5 million in 2023. Currently, the market is relatively very small with the presence of a few local players, which possess good composite capabilities. However, it is expected that the Indian market is likely to evolve rapidly in terms of both demand as well as technology in order to cater to the huge indigenous demand for commercial as well as military aircraft.
Click here to view Table Of Contents:-
https://www.stratviewresearch.com/toc/388/Indian-Aerospace-Composites-Market.html
OR
Request a Sample here:-
https://www.stratviewresearch.com/Request-Sample/388/Indian-Aerospace-Composites-Market.html
Increasing defense budgets coupled with offset policy, increasing penetration of composites in the next-generation aircraft programs, increasing production rate of Light Combat Aircraft (LCA), increasing export opportunities for aerospace composites, make in India campaign, and availability of low-cost skilled manpower in India are some of the major factors proliferating the demand for composites in the Indian aerospace industry.The demand is stimulating the global players to either open their branches or form JVs or partnerships with local companies to fulfill the offset obligation imposed by the Indian government.
Some of the key players in the aerospace composites market in India are Tata Group, Hindustan Aeronautics Ltd. (HAL), Kineco Kaman Composites - India Private Ltd., Valeth High Tech Composites Pvt Ltd, Taneja Aerospace and Aviation Limited, and Adani Defense and Aerospace Group. Execution of joint ventures and partnership and development of new composite applications are the key strategies adopted by the major players in the Indian aerospace composites market.
About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.
Contact Information:
Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
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Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results