Market Forecast By End User (Aviation, Military, Private, Others) And Competitive Landscape
Product Code: ETC432200 | Publication Date: Nov 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India Planes, Helicopter, and Spacecraft Market is expected to grow at a rapid pace during the forecast period. The growth is attributed to the increasing demand for unmanned aerial vehicles (UAVs) and helicopters. However, the market will be restrained by factors such as high manufacturing costs and stringent export regulations.
The India Planes, Helicopters and Spacecraft Industry is surging owing to increased demand from both the government and private sectors in India. In addition, the growth of this market is being propelled by increasing investment opportunities due to high population density and growing infrastructure development. The spacecraft market is estimated to be smaller than the aircraft and helicopter markets, but it is projected to grow at a relatively faster rate owing to increasing investments in space research and development (R&D) initiatives by various companies.
According to 6Wresearch, the India Planes, Helicopters, And Spacecraft Market size is expected to grow during 2022-2028. The primary drivers of this growth are rising domestic and international security concerns, as well as increasing industrialization and urbanization in India. The space industry in India is growing rapidly and effectively. The main drivers of this growth are government initiatives such as the Indian Space Research Organization's ambitious Geosynchronous Satellite Launch Vehicle Programme and push by commercial companies to develop new space products and services.
The sudden outbreak of the COVID-19 pandemic adversely affected the India Planes, Helicopters, And Spacecraft Industry. It was due to the imposed lockdown during the pandemic. Indian government imposed lockdown in order to control the spread of the virus. The lockdown was imposed all over the world and the planes, helicopters and spacecraft market across the world faced various challenges. The market was completely shut down during the pandemic. The Planes, Helicopters, And Spacecraft Market in India confronted challenges due to the travel restrictions. Travelling causes more human interaction and government wanted to limit human interactions, so it can control the spread of coronavirus.
On the basis of end-user, the Planes, Helicopters, And Spacecraft Market in India can be segmented into Aviation, Military, Private and Others. All these segments have been growing in the market and they are expected to boost the growth of the market in the years to come.
The competition in the India Planes, Helicopters and Spacecraft Industry is extremely high. The competition is expected to be more intense in the years to come. India Planes, Helicopters and Spacecraft Market has a number of key players, including Hindustan Aeronautics Limited (HAL), The Boeing Company, Airbus SE, and Mahindra Aerospace. It also has several helicopter makers, including AgustaWestland Ltd., Eurocopter Group SA/EAD, and Sikorsky Aircraft Corporation. India has also built a number of satellites for various purposes, including Earth observation and navigation.
The report offers a comprehensive study of the subsequent market segments:
1. Who are the key players in the India Planes, Helicopters, And Spacecraft Market?
India Planes, Helicopters and Spacecraft Market has a number of key players, including Hindustan Aeronautics Limited (HAL), The Boeing Company, Airbus SE, and Mahindra Aerospace. It also has several helicopter makers, including AgustaWestland Ltd., Eurocopter Group SA/EAD, and Sikorsky Aircraft Corporation.
2. What is the major growth factor for the market?
The India Planes, Helicopters and Spacecraft Industry is surging owing to increased demand from both the government and private sectors in India.
3. Does the report cover COVID-19 impact?
Yes, this report covers the impact of the pandemic on the market.