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市場調查報告書

國防工業的印度市場:魅力,競爭情形,預測

The Indian Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024

出版商 GlobalData 商品編碼 918445
出版日期 內容資訊 英文 195 Pages
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價格
國防工業的印度市場:魅力,競爭情形,預測 The Indian Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024
出版日期: 2019年12月09日內容資訊: 英文 195 Pages
簡介

本報告提供印度的國防工業調查分析,市場規模、促進因素,預算分配和主要課題,進出口趨勢,市場機會,業者情勢與策略性考察相關的系統性資訊。

第1章 簡介

第2章 摘要整理

第3章 市場魅力和新興的機會

  • 目前市場方案
  • 國防市場規模 (成果、預測)
  • 國防預算分配分析
  • 國防安全保障 (警察) 市場規模、預測
  • 主要的全球市場的基準
  • 市場機會:主要趨勢與成長促進因素

第4章 國防採購市場動態

  • 進口市場動態
  • 出口市場動態

第5章 產業動態

  • 波特的五力分析

第6章 打入市場策略

  • 市場法規
  • 市場進入途徑
  • 主要課題

第7章 競爭情形與策略性考察

  • 競爭情形概要
  • 主要的外國企業
  • 主要的公共部門企業
  • 主要的民間部門企業

第8章 經濟環境與國家風險

  • 經濟成果

第9章 附錄

目錄
Product Code: GDDF0607MR

As one of the leading importers of defense equipment, India's defense expenditure is anticipated to register a CAGR of 9.11% over the forecast period 2020-2024. The growth in the Indian defense expenditure is mainly fueled by the need to secure its strategic interests while facing the rise of China. India shares a 3,323 km long land border with Pakistan, and an even longer 3,488 km border with People's Republic of China (PRC), and has territorial disputes with both countries over the ownership of the Northern State of Kashmir and the North Eastern State of Arunachal Pradesh.

The robust growth in Indian defense expenditure can thus be attributed to the precarious geo-strategic scenario and myriad of strategic challenges that continue to erode India's strategic advantage over its adversaries. These factors have played a crucial role in spurring growth in the Indian base defense expenditure (excluding pensions) over the historic period, which increased from US$33.8 billion in 2015 to US$45.4 billion in 2019, reflecting a CAGR of 7.70% over the historic period. Over the forecast period the country's defense expenditure is forecasted to increase from US$68.4 billion in 2020 to US$104 billion in 2024, exhibiting a CAGR of 11.05% over the analysis period.

Between 2014-2018, India was ranked as the second largest importer of defense equipment, behind only Saudi Arabia. The acquisition of defense equipment is mainly driven by the need to gain a significant technological advantage over Pakistan, while retaining a level of strategic parity with respect to China. Against this backdrop, India's defense capital expenditure is valued at US$14.7 billion in 2019 and is anticipated to rise from US$16.4 billion in 2020 to US$25.9 billion in 2024, exhibiting a CAGR of 12.02% over the forecast period.

Indian homeland security expenditure expected to reach US$19.2 billion by 2024. India faces a high level of threat from terrorist attacks and in the country has been compelled to heavily invest in counter-terrorist measures. Over the period 2015-2019, the country invested a total of US$60.9 billion in homeland security, which is expected to increase to US$84.5 billion over the forecast period. Due to the nature of the security threats facing India, the main opportunities for growth in homeland security are expected to be in border security, police force modernization, aviation, mass transportation, and maritime security markets.

The report "The Indian Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024" provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

This report offers detailed analysis of Indian defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

In particular, the report "The Indian Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024" provides an in-depth analysis of the following -

  • Indian defense industry market size and drivers: detailed analysis of Indian defense industry during 2020-2024, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country's expenditure and modernization patterns
  • Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget. It also details the key challenges faced by defense market participants within the country
  • Porter's Five Force analysis of Indian defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry
  • Import and Export Dynamics: analysis of prevalent trends in the country's imports and exports over the last five years
  • Market opportunities: details of the top five defense investment opportunities over the next 10 years
  • Competitive landscape and strategic insights: analysis of the competitive landscape of Indian defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis

Scope

  • The growth in the Indian defense expenditure is mainly fueled by the need to secure its strategic interests while facing the rise of China. India shares a 3,323 km long land border with Pakistan, and an even longer 3,488 km border with People's Republic of China (PRC), and has territorial disputes with both countries over the ownership of the Northern State of Kashmir and the North Eastern State of Arunachal Pradesh. Pakistan has rejected the line of control (LoC) becoming an actual demarcated border between India and Pakistan, and China refuses to accept the McMahon Line as the demarcated border between the two countries and continues to stake claim over Arunachal Pradesh, which it deems to be an extension of the Tibetan Plateau. Indian strategic concerns mainly revolve around the containment of the expanding Chinese influence in South Asia and the Indian Ocean Region (IOR), while preventing both China and Pakistan from forcefully changing the status-quo along the Indian frontiers. The robust growth in Indian defense expenditure can thus be attributed to the precarious geo-strategic scenario and myriad of strategic challenges that continue to erode India's strategic advantage over its adversaries. These factors have played a crucial role in spurring growth in the Indian base defense expenditure (excluding pensions) over the historic period, which increased from US$33.8 billion in 2015 to US$45.4 billion in 2019, reflecting a CAGR of 7.70% over the historic period.
  • Historic data shows that the average capital expenditure allocation of the total Indian defense budget was 32.2%, and the allocation is expected to decline marginally during the forecast period to an average of 32.1%.
  • The Indian MoD is expected to invest in conventional submarines, multi-role aircrafts, corvettes, tanks, artillery guns, Multi Barrel Rocket Launchers (MBRL), helicopters, nuclear submarines, surface-to-air missiles, Unmanned Aerial Vehicles (UAV) and frigates among others.

Reasons to buy

  • This report will give the user confidence to make the correct business decisions based on a detailed analysis of Indian defense industry market trends for the coming five years
  • The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
  • Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector
  • A deep qualitative analysis of Indian defense industry covering sections including demand drivers, Porter's Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts

Table of Contents

LIST OF FIGURES

LIST OF TABLES

1. Introduction

  • 1.1. What is this Report About?
  • 1.2. Definitions
  • 1.3. Summary Methodology
  • 1.4. About GlobalData

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities

  • 3.1. Current Market Scenario
  • 3.2. Current Market Scenario
  • 3.3. Defense Market Size Historical and Forecast
  • 3.4. Analysis of Defense Budget Allocation
  • 3.5. Homeland Security (Police) Market Size and Forecast
  • 3.6. Benchmarking with Key Global Markets
  • 3.7. Market Opportunities: Key Trends and Growth Stimulators

4. Defense Procurement Market Dynamics

  • 4.1. Import Market Dynamics
  • 4.2. Export Market Dynamics

5. Industry Dynamics

  • 5.1. Five Forces Analysis

6. Market Entry Strategy

  • 6.1. Market Regulation
  • 6.2. Market Entry Route
  • 6.3. Key Challenges

7. Competitive Landscape and Strategic Insights

  • 7.1. Competitive Landscape Overview
  • 7.2. Key Foreign Companies
  • 7.3. Key Public Sector Companies
  • 7.4. Key Private Sector Companies

8. Business Environment and Country Risk

  • 8.1. Economic Performance

9. Appendix

  • 9.1. About GlobalData
  • 9.2. Disclaimer

List of Tables

  • LIST OF TABLES
  • Table 1: India - Ongoing Procurement Programs
  • Table 2: India - Future Procurement Programs
  • Table 3: Top Indian Defense Procurement Programs by Value (US$ Million) 2019-2024
  • Table 4: Indian Defense Cooperation
  • Table 5: Indian Military Training Exercises
  • Table 6: Indian Defense Expenditure Including Pensions (INR Billion & US$ Billion), 2015-2024
  • Table 7: Indian Defense Expenditure Excluding Pensions (INR Billion & US$ Billion), 2015-2024
  • Table 8: Indian GDP Growth vs. Defense Expenditure as Percentage of GDP Growth, 2015-2024
  • Table 9: Indian Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
  • Table 10: Indian Capital Expenditure (INR Billion & US$ Billion), 2015-2024
  • Table 11: Indian Defense Budget Split (%), 2015-2024
  • Table 12: Indian Defense Budget in INR Billion - Breakdown by Services (Army, Navy, Air Force and Others) 2015-2024
  • Table 13: Indian Defense Budget in US$ Billion - Breakdown by Services (Army, Navy, Air Force and Others) 2015-2024
  • Table 14: Indian Per Capita Defense Expenditure (US$), 2015-2024
  • Table 15: Indian Homeland Security Budget (INR Billion & US$ Billion), 2015-2024
  • Table 16: Benchmarking with Key Markets - 2015-2019 vs 2020-2024
  • Table 17: Top Indian Defense Market Sectors by Value (US$ Million) - 2019-2024
  • Table 18: Offset Policy in India
  • Table 19: Indian Budget Formation Timetable:
  • Table 20: Market Entry Strategies and Key Objectives of Foreign Companies in the Indian Defense Sector
  • Table 21: Key Players and their Operations in the Indian Defense Industry
  • Table 22: Top Defense Suppliers in The Indian Defense Industry - By Value (US$ Million) 2019-2024
  • Table 23: Scale of Operations of Domestic Public &Private Sector Companies in the Indian Defense Industry
  • Table 24: Lockheed Martin Corporation - Products
  • Table 25: Lockheed Martin Corporation - Alliances
  • Table 26: Lockheed Martin Corporation - Recent Contract Wins
  • Table 27: BAE Systems Plc. - Products
  • Table 28: BAE Systems Plc. - Alliances
  • Table 29: BAE Systems Plc. - Recent Contract Wins
  • Table 30: Thales - Products
  • Table 31: Thales - Alliances
  • Table 32: Thales - Recent Contract Wins
  • Table 33: Boeing - Products
  • Table 34: Boeing - Alliances
  • Table 35: Boeing - Recent Contract Wins
  • Table 36: Mazagon Docks Shipbuilders Limited - Products
  • Table 37: Mazagon Docks Shipbuilders Limited - Alliances
  • Table 38: Mazagon Docks Shipbuilders Limited - Recent Contract Wins
  • Table 39: Hindustan Aeronautics Limited - Products and Services
  • Table 40: Hindustan Aeronautics Limited - Alliances
  • Table 41: Hindustan Aeronautics Limited - Recent Contract Wins
  • Table 42: Bharat Electronics Limited - Products and Services
  • Table 43: Bharat Electronics Limited - Alliances
  • Table 44: Bharat Electronics Limited - Recent Contract Wins
  • Table 45: Bharat Dynamics Limited - Products
  • Table 46: Bharat Dynamics Limited - Alliances
  • Table 47: Bharat Dynamics Limited - Recent Contract Wins
  • Table 48: Ordinance Factory Board - Products
  • Table 49: Ordinance Factory Board - Alliances
  • Table 50: Ordinance Factory Board - Recent Contract Wins
  • Table 51: BEML - Products
  • Table 52: BEML - Alliances
  • Table 53: Goa Shipyard Limited - Products and Services
  • Table 54: Goa Shipyard Limited - Alliances
  • Table 55: Goa Shipyard Limited - Recent Contract Wins
  • Table 56: Tata Advanced Systems Limited - Products
  • Table 57: Tata Advanced Systems Limited - Alliances
  • Table 58: Tata Advanced Systems Limited - Recent Contract Wins
  • Table 59: Mahindra Defence Systems - Products
  • Table 60: Mahindra Defence Systems - Alliances

List of Figures

  • Figure 1: The Indian Defense Budget: 2020 and 2024
  • Figure 2: The Indian Defense Imports/ Exports 2014 and 2018
  • Figure 3 : Indian Top Prospective Procurements/Developments
  • Figure 4: Indian National Security Threats
  • Figure 5: India's Partner Countries for Defense Cooperation and Military Training
  • Figure 6: Indian Defense Expenditure Including Pensions (INR Billion), 2015-2024
  • Figure 7: Indian Defense Expenditure Including Pensions (US$ Billion), 2015-2024
  • Figure 8: Indian Defense Expenditure Excluding Pensions (INR Billion), 2015-2024
  • Figure 9: Indian Defense Expenditure Excluding Pensions (US$ Billion), 2015-2024
  • Figure 10: Indian GDP Growth vs. Defense Expenditure as Percentage of GDP Growth, 2015-2024
  • Figure 11: Indian Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
  • Figure 12: Indian Capital Expenditure (INR Billion), 2015-2024
  • Figure 13: Indian Capital Expenditure (US$ Billion), 2015-2024
  • Figure 14: Indian Defense Budget Split (%), 2015-2024
  • Figure 15: Indian Defense Expenditure Allocation By Military Services - Split by Army, Navy, Air Force and Others (INR Billion), 2015-2024
  • Figure 16: Indian Defense Expenditure Allocation By Military Services - Split by Army, Navy, Air Force and Others (US$ Billion), 2015-2024
  • Figure 17: Indian Per Capita Defense Expenditure (US$), 2015-2024
  • Figure 18: Indian Homeland Security Budget (INR Billion), 2015-2024
  • Figure 19: Indian Homeland Security Budget (US$ Billion), 2015-2024
  • Figure 20: Benchmarking with Key Markets - 2015-2019 vs. 2020-2024
  • Figure 21: Defense Expenditure of the World's Largest Military Spenders (US$ Billion), 2019 and 2024
  • Figure 22: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2019
  • Figure 23: Airborne C4ISR Market Size (US$ Million), 2019-2024
  • Figure 24: Multirole Aircraft Market Size (US$ Million), 2019-2024
  • Figure 25: Land Based C4ISR Market Size (US$ Million), 2019-2024
  • Figure 26: Top Indian Defense Procurements in Terms of Their Supplier Relationships
  • Figure 27: Indian Defense Import Trend (US$ Million), 2014-2018 (TIV Values*)
  • Figure 28: Country-wise Break-up of Indian Defense Imports (%), 2014-2018 (TIV Values)
  • Figure 29: Weapon Category Break-up of Indian Defense Imports (%), 2014-2018 (TIV Values)
  • Figure 30: Indian Defense Export Trend (US$ Million), 2014-2018 (TIV Values)
  • Figure 31: Country-wise Break-up of Indian Defense Exports (%), 2014-2018 (TIV Values)
  • Figure 32: Weapon Category Break-up of Indian Defense Exports (%), 2014-2018 (TIV Values)
  • Figure 33: Industry Dynamics - Porter's Five Forces Analysis
  • Figure 34: Key Challenges
  • Figure 35: The Indian Defense Market Share Analysis, 2019-2024
  • Figure 36: Bharat Electronics Limited - Revenue Trend Analysis (INR Billion), 2015-2019
  • Figure 37: Bharat Electronics Limited - Operating Profit Trend Analysis (INR Billion), 2015-2019
  • Figure 38: Bharat Electronics Limited - Net Profit Trend Analysis (INR Billion), 2015-2019
  • Figure 39: GDP Per Capita in US$, 2015-2025
  • Figure 40: GDP (Current US$ Billion), 2015-2025
  • Figure 41: Exports of Goods and Services (Current LCU Billion), 2005-2014
  • Figure 42: Imports of Goods and Services (Current LCU Billion), 2005-2014
  • Figure 43: Gross National Disposable Income (US$ Billion), 2005-2012
  • Figure 44: LCU per US$ (Period Average), 2015-2024
  • Figure 45: Market Capitalisation of Listed Companies (US$ Billion), 2005-2012
  • Figure 46: Market Capitalization of Listed Companies (% of GDP), 2005-2012
  • Figure 47: Total Government Cash Surplus/Deficit as a Percentage of GDP (LCU), 2005-2012
  • Figure 48: Goods Exports as a Percentage of GDP, 2005-2014
  • Figure 49: Goods Imports as a Percentage of GDP, 2005-2014
  • Figure 50: Service Imports as a Percentage of GDP, 2005-2014
  • Figure 51: Services Exports as a Percentage of GDP, 2005-2014
  • Figure 52: Foreign Direct Investment, net (BoP, Current US$ Billion), 2005-2014
  • Figure 53: Net Foreign Direct Investment as a Percentage of GDP, 2005-2014
  • Figure 54: Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014