Market Research for Engineering Products BDB India Private Limited is a leading global business strategy consulting and market research company in India. Since 1989, BDB has been providing clients with solutions to expand their businesses in the Indian and international marketplace. We are an ISO certified company. BDB India is the leading global business strategy consulting and market research firm for automotive industry. BDB is Market Research for Engineering Products Read more at… https://bdbipl.com/.
Aerospace & Defense The Aerospace and Defense (A&D) business in India is predicted to grow to a value of about $70 billion by 2030 as a result of government initiatives and improved infrastructure. The India defense budget is worth $74 billion in 2023 and is expected to achieve a CAGR of more than 4% during 2024-2028. Component Manufacturing – This provides a compelling argument for Indian suppliers and global OEMs to consider India as a location for a key position in the global supply chain for aerospace components and parts. The combination of low costs in India and the availability of technical and engineering skills producing high-precision and highquality components may result in a number of benefits. It is extremely likely that the aircraft business, as well as the services and components associated with it, will experience the same trends as the automotive (small car) industry. In the past century, government-owned companies like HAL, NAL, ISRO, and others have largely been responsible for the advancement of domestic aerospace manufacturing of aircraft, helicopters, and other
aerospace products. However, since the turn of the century, the private sector has aggressively expanded its participation, supported by major corporate houses have successfully entered the aircraft industry.[/vc_column_text] Manufacturing Industry structure can be broadly classified into 1. MOD and other government entities: For purchasing aircraft and other equipment for defence and other requirements. 2. Aircraft/airplane, helicopter, space equipment manufacturers: OEMs largely restricted to PSUs like HAL, NAL, ISRO and other government entities. 3. Ancillary Manufacturers of aerospace components and assemblies: Various types of metallic, non-metallic and composite parts for engines, aero structures, airplane interiors, space programs etc. for both domestic supply and exports to international manufacturers. 4. MRO and other service operators: For maintenance and repair services for airplanes and other aircrafts. Read More at… https://bdbipl.com/index.php/aerospace-defence/
