Indian Aerospace Industry- Immense Opportunities

Booming commercial aviation market and increasing defence and internal security needs make India as the fast emerging and a major defence and aerospace market. Aerospace Industries encompass units involved in designing, testing, developing and the manufacture of commercial and military aircrafts, missiles, space crafts, defense systems, space exploration systems, etc. The global aerospace market alone stands roughly at US $ 500 Bn, while the combined aerospace & defence market reached at USD 1.17 trillion in 2013. Indian aerospace industry valued around USD 25 Bn in 2013 is currently growing at an average rate of 12% which is about 2.5 times higher than the global average.