Synopsis
Top level overview of the Indian defense industry
A breakdown of the Indian defense industry by spend pattern valued from 2005 through 2010 and forecasted from 2011 through 2016
A breakdown of the markets by segment valued from 2005 through 2010 and forecasted from 2011 through 2016
Details of top companies active across the Indian defense industry
Emerging trends and opportunities in the Indian defense industry in the last 12 months
Summary
This report offers insights into market opportunities and entry strategies adopted by foreign OEMs to gain a market share in the Indian defense industry. In particular, it offers in-depth analysis of the following:
Market opportunity and attractiveness: Detailed analysis of the current market size and growth expectations during 20102016, including highlights of the key drivers, to aid understanding of the growth dynamics. It also benchmarks the sector against key global markets and provides detailed understanding of emerging opportunities in specific areas.
Procurement dynamics: Trend analysis of imports and exports, along with their implications and impact on the Indian defense industry.
Industry structure: Five forces analysis to identify various power centers in the industry and how these are likely to develop in the future.
Market entry strategy: Analysis of possible ways to enter the market, along with knowledge of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.
Competitive landscape and strategic insights: Analysis of the competitive landscape of defense manufacturers in India. It provides an overview of the key defense companies (both domestic and foreign) along with insights such as key alliances, strategic initiatives and a brief financial analysis.
Business environment and country risk: A range of drivers at country level, assessing business environment and country risk. It covers historical and forecast values for a range of indicators evaluating business confidence, economic performance, infrastructure quality and availability, labor force, demographics, and political and social risk.
Scope
Analysis of defense industry market size from 2005 through 2010 and forecasts till 2016
Analysis of defense budget allocation
Benchmarking with key global markets
Market opportunities
Defense procurement dynamics
Industry dynamics
Market entry strategy
Competitive landscape and strategic insights
Business environment and country risk
Reasons To Buy
Gain insight into the Indian defense industry with current, historic and forecast market values
Get insight into market opportunity and attractiveness
Get insight into industry procurement dynamics
Gain insight into industry structure
Gain insight into regulations governing the Indian defense industry and the potential market entry strategies with an expert analysis of the competitive structure
Identify top companies of the Indian defense industry along with profiles of all those companies
Key Highlights
The Indian defense industry is one of the fastest-growing global defense markets. Indias defense capital expenditure, which refers to the part of the defense budget that is spent on the acquisition of all types of military hardware and technology, has grown at a CAGR of XX% over the review period. In 2010, India was allocated US$XX billion for defense capital expenditure in the budget. Defense expenditure is expected to record a CAGR of XX% during the forecast period, to reach an annual expenditure of US$XX billion by 2016. This is primarily due to the countrys ageing military hardware and technology which is in need of replacing, and demands for defense against domestic insurgencies and hostility from neighboring countries. The strong growth in the industry is attracting foreign original equipment manufacturers (OEMs) and leading companies from the domestic private sector to enter the market. Moreover, terrorism is leading to sharp increases in the defense budget and a shorter sales cycle, which offers an attractive market for defense manufacturers.The country is especially expected to demand unmanned combat aerial vehicles (UCAVs), advanced electronic warfare systems, combat systems, rocket and missile systems, fighter and trainer aircraft, stealth frigates, and submarines during the forecast period. In addition, its expenditure on IT and communications is expected to increase significantly, with a strong focus on enterprise applications, systems integration, and real-time mobile communications.The country relies upon imports to procure defense equipment with advanced technology, and, since most of the equipment India is seeking use advanced technology, there will be a significant prospect for foreign OEMs to enter the Indian defense market.
Government spending on India's homeland security market has increased significantly as a result of terrorist attacks, the smuggling of arms and explosives, and domestic insurgency. In 2010, the country's homeland security budget registered an increase of XX% over the previous year, with the Central Reserve Police Force (CRPF) receiving the largest share of the budget. Due to the nature of the security threats which the country faces, the main opportunities for growth in homeland security are expected in the aviation, mass transportation and maritime security markets. Following the increase in both domestic and foreign terrorist attacks, spending is expected to increase in surveillance technology, global positioning systems, radars and biometric systems.
Table of Content
1 Introduction
1.1 What is this Report About?
1.2 Definitions
1.3 Methodology
1.3.1 Secondary research
1.3.2 Primary research
1.3.3 Conventions
1.4 ICD Research Intelligence Terrorism Index
1.5 About ICD Research
1.6 About Strategic Defence Intelligence
List of Tables
Table 1: Indian Defense Expenditure (US$ Billion), 20052010
Table 2: Indian Defense Expenditure (US$ Billion), 20112016
Table 3: Indian Defense Expenditure as a Percentage of GDP, 20052010
Table 4: Indian Defense Expenditure as a Percentage of GDP, 20112016
Table 5: Indian Defense Budget Split between Capital and Revenue Expenditure (%), 20052010
Table 6: Indian Defense Budget Split between Capital and Revenue Expenditure (%), 20112016
Table 7: Indian Defense Budget Split (%), 20052010
Table 8: Indian Defense Budget Split (%), 20112016
Table 9: Indian Defense Expenditure for Army (US$ Billion), 20052010
Table 10: Indian Expenditure for Army (US$ Billion), 20112016
Table 11: Indian Defense Expenditure for Air Force (US$ Billion), 20052010
Table 12: Indian Expenditure for Air Force (US$ Billion), 20112016
Table 13: Indian Defense Expenditure for Navy (US$ Billion), 20052010
Table 14: Indian Expenditure for Navy (US$ Billion), 20112016
Table 15: Benchmarking with Key Markets, Review Period vs Forecast Period
Table 16: Benchmarking with Large Defense Spenders in the World (US$ Billion), 2010 and 2016
Table 17: ICD Research Terrorism Index
Table 18: Offset Regulations in India
Table 19: Market Entry Strategies and Key Objectives of Foreign Companies in the Indian Defense Sector
Table 20: Key Players and their Operations in the Indian Defense Industry
Table 21: Scale of Operations of Domestic Public Sector Companies in the Indian Defense Industry
Table 22: Lockheed Martin Corporation Main Products
Table 23: Lockheed Martin Corporation Alliances
Table 24: Lockheed Martin Corporation Recent Contract Wins
Table 25: BAE Systems Plc Main Products and Services
Table 26: BAE Systems Plc Alliances
Table 27: BAE Systems Plc Recent Contract Wins
Table 28: Thales Main Products and Services
Table 29: Thales Alliances
Table 30: Thales Recent Contract Wins
Table 31: Mazagon Docks Limited Main Products and Services
Table 32: Mazagon Docks Limited Alliances
Table 33: Mazagon Docks Limited Recent Contract Wins
Table 34: Hindustan Aeronautics Limited Main Products and Services
Table 35: Hindustan Aeronautics Limited Alliances
Table 36: Hindustan Aeronautics Limited Recent Contract Wins
Table 37: Bharat Electronics Limited Major Products and Services
Table 38: Bharat Electronics Limited Alliances
Table 39: Bharat Electronics Limited Recent Contract Wins
Table 40: Bharat Dynamics Limited Main Products and Services
Table 41: Bharat Dynamics Limited Alliances
Table 42: Bharat Dynamics Limited Recent Contract Wins
Table 43: Ordinance Factory Board Main Products and Services
Table 44: Ordinance Factory Board Alliances
Table 45: BEML Main Products and Services
Table 46: BEML Alliances
Table 47: Goa Shipyard Limited Main Products and Services
Table 48: Goa Shipyard Limited Alliances
Table 49: Goa Shipyard Limited Recent Contract Wins
Table 50: Tata Advanced Systems Limited Main Products and Services
Table 51: Tata Advanced Systems Limited Alliances
Table 52: Tata Advanced Systems Limited Recent Contract Wins
Table 53: Mahindra Defense Systems Main Products and Services
Table 54: Mahindra Defense Systems Alliances
List of Figures
Figure 1: Indian Defense Expenditure (US$ Billion), 20052010
Figure 2: Indian Defense Expenditure (US$ Billion), 20112016
Figure 3: Indian Defense Expenditure as a Percentage of GDP, 20052010
Figure 4: Indian Defense Expenditure as a Percentage of GDP, 20112016
Figure 5: Indian Defense Budget Split between Capital and Revenue Expenditure (%), 20052010
Figure 6: Indian Defense Budget Split between Capital and Revenue Expenditure (%), 20112016
Figure 7: Indian Defense Budget Split (%), 20052010
Figure 8: Indian Defense Budget Split (%), 20112016
Figure 9: Indian Defense Expenditure for Army (US$ Billion), 20052010
Figure 10: Indian Expenditure for Army (US$ Billion), 20112016
Figure 11: Indian Defense Expenditure for Air Force (US$ Billion), 20052010
Figure 12: Indian Expenditure for Air Force (US$ Billion), 20112016
Figure 13: Indian Defense Expenditure for Navy (US$ Billion), 20052010
Figure 14: Indian Expenditure for Navy (US$ Billion), 20112016
Figure 15: Break-up of Indian Homeland Security Expenditure (%), 2010
Figure 16: ICD Research Terrorism Heat Map
Figure 17: ICD Research Terrorism Index
Figure 18: Benchmarking with Key Markets, Review Period vs Forecast Period
Figure 19: Benchmarking with Large Defense Spenders in the World (US$ Billion), 2010 and 2016
Figure 20: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2010
Figure 21: Indian Defense Industry Key Areas to Target in the Forecast Period
Figure 22: Indian Defense Import Trend (US$ Million), 20052010 (TIV values*)
Figure 23: Country-wise Break-up of Indian Defense Imports (%), 20052010 (TIV values*), 2010
Figure 24: Weapon Category Break-up of Indian Defense Imports (%), 20052010 (TIV values*), 2010
Figure 25: Indian Defense Export Trend (US$ Million), 20052010 (TIV values*)
Figure 26: Country-wise Break-up of Indian Defense Exports (%), 20052010 (TIV values*),
Figure 27: Industry Dynamics Porters Five Forces Analysis
Figure 28: Mazagon Docks Limited Revenue Trend Analysis (INR Billion), 20062010
Figure 29: Mazagon Docks Limited Profit Before Tax (INR Billion), 20062010
Figure 30: Mazagon Docks Limited Net Profit Trend Analysis (INR Billion), 20062010
Figure 31: Hindustan Aeronautics Limited (HAL) Revenue Trend Analysis (INR Billion), 20062010
Figure 32: Hindustan Aeronautics Limited (HAL) Operating Profit Trend Analysis (INR Billion), 20062010
Figure 33: Hindustan Aeronautics Limited (HAL) Net Profit Trend Analysis (INR Billion), 20062010
Figure 34: Bharat Electronics Limited Revenue Trend Analysis (INR Billion), 20052009
Figure 35 Bharat Electronics Limited Operating Profit Trend Analysis (INR Billion), 20052009
Figure 36: Bharat Electronics Limited Net Profit Trend Analysis (INR Billion), 20052009
Figure 37: Bharat Dynamics Limited Revenue Trend Analysis (INR Billion), 20062010
Figure 38: Bharat Dynamics Limited Net Profit Trend Analysis (INR Billion), 20062010
Figure 39: Ordinance Factory Board Revenue Trend Analysis (INR Billion), 20052009
Figure 40: BEML Revenue Trend Analysis (INR Billion), 20062010
Figure 41 BEML Operating Profit Trend Analysis (INR Billion), 20062010
Figure 42: BEML Net Profit Trend Analysis (INR Billion), 20062010
Figure 43: Goa Shipyard Limited Revenue and Production Trend Analysis (INR Billion), 20062010
Figure 44 Goa Shipyard Limited Profit Before Tax Trend Analysis (INR Million), 20062010
Figure 45: Goa Shipyard Limited Net Profit Trend Analysis (INR Million), 20062010
Figure 46: Indian Business Confidence Index, 20072010
Figure 47: Bombay Stock Exchange Market Capitalization (US$ Billion), 20052010
Figure 48: Indian FDI Inflows by Sector (US$ Billion), 20052010
Figure 49: Indian Deployment of Credit by Sector (US$ Billion), 20052010
Figure 50: Indian GDP Value at Constant Prices (US$ Billion), 20052016
Figure 51: Indian GDP Per Capita at Constant Prices (US$), 20052016
Figure 52: Indian GDP at Current Prices (US$ Billion), 20052016
Figure 53: Indian GDP Per Capita at Current Prices (US$), 20052016
Figure 54: Indian GDP Split by Key Sectors (%) 2005 vs 2009
Figure 55: Indian Agricultural Output Value at Current Prices (INR Trillion), 20052016
Figure 56: Indian Agricultural Output Value at Current Prices (US Billion), 20052016
Figure 57: Indian Agricultural Output at Current Prices as a Percentage of GDP, 20052016
Figure 58: Indian Manufacturing Output at Current Prices (INR Trillion), 20052016
Figure 59: Indian Manufacturing Output at Current Prices (US Billion), 20052016
Figure 60: Indian Manufacturing Output at Current Prices as a Percentage of GDP, 20052016
Figure 61: Indian Mining, Manufacturing and Utilities Output at Current Prices (INR Trillion), 20052016
Figure 62: Indian Mining, Manufacturing and Utilities Output at Current Prices (US Billion), 20052016
Figure 63: Indian Mining, Manufacturing and Utilities Output at Current Prices as a Percentage of GDP, 20052016
Figure 64: Indian Construction Output at Current Prices (INR Trillion), 20052016
Figure 65: Indian Construction Output at Current Prices (US Billion), 20052016
Figure 66: Indian Construction Output at Current Prices as a Percentage of GDP, 20052016
Figure 67: Indian Crude Steel Production (Million Tons), 20052016
Figure 68: Indian Crude Oil Consumption (Million Tons), 20052016
Figure 69: Indian Inflation Rate (%), 20052016
Figure 70: Indian Fiscal Deficit as a Percentage of GDP, 20052010
Figure 71: Indian Trade Balance as a Percentage of GDP, 20052010
Figure 72: Indian Exports as a Percentage of GDP, 20052010
Figure 73: Indian Imports as a Percentage of GDP, 20052010
Figure 74: Indian Exports Growth (%), 20052010
Figure 75: Indian Imports Growth (%), 20052010
Figure 76: Indian External Debt as a Percentage of GDP 20052010
Figure 77: Indian Exchange Rate US$-INR (Annual Average), 20052010
Figure 78: Indian Exchange Rate (End of Fiscal Year), 20052010
Figure 79: Indian Debt Service Ratio, 20052009
Figure 80: Indian Airports and Ports, 2009
Figure 81: Indian Total Land Transportation System, 2009
Figure 82: Indian Passenger Vehicle Production (Million), 20052016
Figure 83: Indian Commercial Vehicle Production, 20052016
Figure 84: Indian Automotive Components Exports (US$ Billion), 20052016
Figure 85: Indian Passenger Vehicle Exports Volume, 20052016
Figure 86: Indian Commercial Vehicle Exports, 20052016
Figure 87: Indian Automotive Components Imports (US$ Billion), 20052016
Figure 88: Indian Passenger Car Penetration (per Thousand People), 20052016
Figure 89: Indian Motorcycle Penetration (per Thousand People), 20052016
Figure 90: Indian Total Installed Capacity for Electricity Generation (Million Kilowatts), 20052016
Figure 91: Indian Installed Capacity for Conventional Thermal Electricity Generation (Million Kilowatts), 20052016
Figure 92: Indian Electricity Production (Billion Kilowatt Hours), 20052016
Figure 93: Indian Installed Capacity for Hydroelectricity Generation (Million Kilowatts), 20052016
Figure 94: Indian Electric Power Consumption (Billion Kilowatt Hours), 20052016
Figure 95: Indian Electricity Exports (Million Kilowatt Hours), 20052016
Figure 96: Indian Electricity Imports (Million Kilowatt Hours), 20052016
Figure 97: Indian Healthcare Expenditure (US$ Billion), 20052016
Figure 98: Indian Healthcare Expenditure as a Percentage of GDP, 20052016
Figure 99: Indian Per-Capita Healthcare Expenditure, 20052016
Figure 100: Indian Internet Subscribers, 20052016
Figure 101: Indian Broadband Internet Subscribers (Million), 20052016
Figure 102: Indian Personal Computer Penetration (per Hundred People), 20052016
Figure 103: Indian Mobile Phone Penetration (%), 20052010
Figure 104: Indian R&D Expenditure as a Percentage of GDP, 20052016
Figure 105: Indian Size of Labor Force (Million), 20052016
Figure 106: Indian Unemployment Rate (%), 20052016
Figure 107: Indian Annual Disposable Income (US$ Billion), 20052016
Figure 108: Indian Annual Per Capita Disposable Income (US$), 20052016
Figure 109: Indian Consumer Expenditure on Food (US$ Billion), 20052016
Figure 110: Indian Annual Per-Capita Consumer Expenditure on Food (US$), 20052016
Figure 111: Indian Urban and Rural Population (%), 20052016
Figure 112: Indian Female as a Percentage of Population, 20052016
Figure 113: Indian Males as a Percentage of Population, 20052016
Figure 114: Indian Mean Age of Population, 20052016
Figure 115: Indian Median Age of Population, 20052016
Figure 116: Indian Population Density (per Square Kilometer), 20052016
Figure 117: Indian Age-wise Population Distribution (%), 20052016
Figure 118: Indian Age Distribution of Male Population (%), 20052016
Figure 119: Indian Age Distribution of Female Population (%), 20052016
Figure 120: Indian Number of Households (Million), 20052016
Figure 121: Global Terrorism Heat Map, 2010
Figure 122: Indian Transparency Index, 20052010
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