With production value of USD2.0 billion, India accounts for 2.0% of the Asia Pacific total in 2023. The industry’s exports share increases in 2023 to 9.3% of total production output. The industry’s profitability increases and stands at 10.5% of production value in 2023, the 10th highest regionally. The costs of the industry decrease by 0.2% in 2023, largely driven by declining B2B costs. The total number of companies increases in 2023, to 1,070 units. The industry is fragmented, with the top five companies generating 43.0% of total production value in 2023. Hindustan Aeronautics Ltd is the largest company in India, generating 24.4% of the industry’s total production value in 2023. India has the third largest market size for aircraft and spacecraft regionally, with demand reaching USD18.6 billion in 2023. B2B drives market demand, with B2B spending representing 100% of total demand in 2023. The market is dominated by foreign suppliers, as imports account for 63.9% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Aircraft and Spacecraft in India: ISIC 353. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Aircraft and Spacecraft in India: ISIC 353 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of aircraft and spacecraft, motors vehicles, trailers and semi-trailers, motocycles, bicycles and other transport equipment, railway and tramway locomotives and rolling stock, and ships and boats.
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