India's Aerospace Sector Poised for Trillion-Dollar Takeoff, Says Anand Rathi Report

India is set to emerge as a global aerospace powerhouse, according to a recent report by Anand Rathi Advisors. The global avionics and advanced electronics systems market is projected to reach $63.34 billion by 2030, nearly doubling from 2020 levels. With the global aircraft fleet expected to double by 2042, India's aerospace sector is primed for exponential growth. The country's increasing demand for Maintenance, Repair, and Overhaul (MRO) services, coupled with government initiatives and a strengthening industrial base, positions India as a key player in the global aerospace ecosystem. Experts highlight the trillion-dollar opportunity ahead, emphasizing India's potential to redefine the industry through innovation, precision engineering, and strategic investments in advanced manufacturing and automation.

 

Sources: Anand Rathi Advisors, The Tribune India, SME Futures