1 Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. SDI Terrorism Index
1.5. About Strategic Defense Intelligence
2 Executive Summary
3 Market Attractiveness and Emerging Opportunities
3.1. Defense Market Size Historical and Forecast
3.1.1. Indian defense budget expected to be US$245.6 billion cumulatively over 2017-2021
3.1.2. Modernization initiatives, hostile neighbors, territorial disputes, and implementation of OROP and 7th Pay Commission will be the key growth drivers
3.1.3. Defense budget as a percentage of GDP will remain at an average of
1.6% over the forecast period
3.2. Analysis of Defense Budget Allocation
3.2.1. Revenue expenditure expected to increase over the forecast period
3.2.2. Army continues to see the largest share of the defense budget
3.2.3. Defense ministry will spend US$127.1 billion on its army over the forecast period
3.2.4. Indian MoD projected to spend US$62.2 billion on its air force over the forecast period
3.2.5. Expenditure for the navy expected to grow at a CAGR of
6.68% during 2017-2021
3.2.6. Per capita defense expenditure is expected to increase over the forecast period
3.3. Homeland Security Market Size and Forecast
3.3.1. India is projected to spend US$69.6 billion cumulatively on homeland security over the forecast period
3.3.2. Homeland security is expected to be driven by cross-border terrorism and domestic conflicts
3.3.3. India falls under "highly affected" of terrorism category
3.3.4. India has terrorism index score of
7.7
3.4. Benchmarking with Key Global Markets
3.4.1. India's defense budget expected to grow at a CAGR of
6.65%
3.4.2. The US and China dominate the global defense industry
3.4.3. India allocates a lower share of its GDP to defense than other Asian countries
3.4.4. India faces significant threat from foreign terrorist organizations
3.5. Market Opportunities: Key Trends and Growth Stimulators
3.5.1. Multi-role Aircraft
3.5.2. Infrastructure Construction
3.5.3. Corvettes
3.5.4. Surface to Air Missiles
3.5.5. Frigates
4 Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Indian defense imports slowly declining
4.1.2. Russia dominates Indian arms imports
4.1.3. Aircraft accounted for the majority of defense imports during 2011-2015
4.2. Export Market Dynamics
4.2.1. India's low profile in defense exports is set to change over the forecast period
4.2.2. Underdeveloped nations across Asia and Africa are the main importers of Indian defense goods
5 Industry Dynamics
5.1. Five Forces Analysis
5.1.1. Bargaining power of supplier: low to high
5.1.2. Bargaining power of buyer: high
5.1.3. Barrier to entry: medium to high
5.1.4. Intensity of rivalry: high
5.1.5. Threat of substitution: medium to high
6 Market Entry Strategy
6.1. Market Regulation
6.1.1. Defense Procurement Procedure (DPP) – 2016: A significant improvement
6.1.2. Offset policy to drive defense industrial modernization
6.1.3. Main features of revised Defense Procurement Procedure (DPP) – 2016
6.1.4. Private sectors permitted to produce arms and ammunition under the new Draft Arms and Ammunitions Manufacturing Policy (DAAM)
6.1.5. Foreign direct investment (FDI) increased to 49% in the Indian defense sector
6.2. Market Entry Route
6.2.1. Foreign OEMs are forming joint ventures in order to enter the market
6.2.2. India emerges as a key outsourcing hub for global defense companies
6.3. Key Challenges
6.3.1. Offset policy is biased towards the domestic public and private sectors
6.3.2. Insufficient information and transparency on future plans
6.3.3. Bureaucracy, corruption, and long project delays
6.3.4. Developing advanced low-cost solutions is essential to gain market share
7 Competitive landscape and Strategic Insights
7.1. Competitive landscape Overview
7.1.1. Domestic public companies have a strong presence in the Indian defense industry
7.2. Key Foreign Companies
7.2.1. Lockheed Martin Corporation – overview
7.2.2. Lockheed Martin Corporation – main products
7.2.3. Lockheed Martin Corporation – recent announcements and strategic initiatives
7.2.4. Lockheed Martin Corporation – alliances
7.2.5. Lockheed Martin Corporation – recent contract wins
7.2.6. BAE Systems Plc. – overview
7.2.7. BAE Systems Plc. – main products
7.2.8. BAE Systems Plc. – recent announcements and strategic initiatives
7.2.9. BAE Systems Plc. – alliances
7.2.10. BAE Systems Plc. – recent contract wins
7.2.11. Thales – overview
7.2.12. Thales – main products
7.2.13. Thales – recent announcements and strategic initiatives
7.2.14. Thales – alliances
7.2.15. Thales – recent contract wins
7.2.16. Boeing – overview
7.2.17. Boeing – main products
7.2.18. Boeing – recent announcements and strategic initiatives
7.2.19. Boeing – alliances
7.2.20. Boeing – recent contract wins
7.3. Key Public Sector Companies
7.3.1. Mazagon Docks Limited – overview
7.3.2. Mazagon Docks Limited – main products
7.3.3. Mazagon Docks Limited – recent announcements and strategic initiatives
7.3.4. Mazagon Docks Limited – alliances
7.3.5. Mazagon Docks Limited – recent contract wins
7.3.6. Mazagon Docks Limited – Financial analysis
7.3.7. Hindustan Aeronautics Limited – overview
7.3.8. Hindustan Aeronautics Limited – main products and services
7.3.9. Hindustan Aeronautics Limited – recent announcements and strategic initiatives
7.3.10. Hindustan Aeronautics Limited – alliances
7.3.11. Hindustan Aeronautics Limited – recent contract wins
7.3.12. Hindustan Aeronautics Limited – Financial analysis
7.3.13. Bharat Electronics Limited – overview
7.3.14. Bharat Electronics Limited – main products and services
7.3.15. Bharat Electronics Limited – recent announcements and strategic initiatives
7.3.16. Bharat Electronics Limited – alliances
7.3.17. Bharat Electronics Limited – recent contract wins
7.3.18. Bharat Electronics Limited – Financial analysis
7.3.19. Bharat Dynamics Limited – overview
7.3.20. Bharat Dynamics Limited – main products
7.3.21. Bharat Dynamics Limited – recent announcements and strategic initiatives
7.3.22. Bharat Dynamics Limited – alliances
7.3.23. Bharat Dynamics Limited – recent contract wins
7.3.24. Bharat Dynamics Limited – Financial analysis
7.3.25. Ordnance Factory Board – overview
7.3.26. Ordinance Factory Board – main products
7.3.27. Ordinance Factory Board – recent announcements and strategic initiatives
7.3.28. Ordinance Factory Board – alliances
7.3.29. Ordinance Factory Board – recent contract wins
7.3.30. BEML – overview
7.3.31. BEML – main products
7.3.32. BEML – recent announcements and strategic initiatives
7.3.33. BEML – alliances
7.3.34. Goa Shipyard Limited – overview
7.3.35. Goa Shipyard Limited – main products and services
7.3.36. Goa Shipyard Limited – recent announcements and strategic initiatives
7.3.37. Goa Shipyard Limited – alliances
7.3.38. Goa Shipyard Limited – recent contract wins
7.4. Key Private Sector Companies
7.4.1. Tata Advanced Systems Limited – overview
7.4.2. Tata Advanced Systems Limited – main products
7.4.3. Tata Advanced Systems Limited – recent announcements and strategic initiatives
7.4.4. Tata Advanced Systems Limited – alliances
7.4.5. Tata Advanced Systems Limited – recent contract wins
7.4.6. Mahindra Defense Systems – overview
7.4.7. Mahindra Defense Systems – main
7.4.8. Mahindra Defense Systems – recent announcements and strategic initiatives
7.4.9. Mahindra Defense Systems – alliances
8 Business Environment and Country Risk
8.1. Economic Performance
8.1.1. GDP Per Capita, USD
8.1.2. GDP (current USD Billion)
8.1.3. Exports of goods and services (current LCU Billion)
8.1.4. Imports of goods and services (current LCU Billion)
8.1.5. Gross National Disposable Income (USD Billion)
8.1.6. LCU per USD (period average)
8.1.7. Market Capitalization of Listed Companies (USD Billion)
8.1.8. Market Capitalization of Listed Companies (% of GDP)
8.1.9. Total Government cash surplus/deficit as % of GDP (LCU)
8.1.10. Goods exports as a percentage of GDP
8.1.11. Goods imports as a percentage of GDP
8.1.12. Services imports as a percentage of GDP
8.1.13. Services Exports as a percentage of GDP
8.1.14. Foreign direct investment, net (BoP, current US$ Bn)
8.1.15. Net foreign direct investment as % of GDP
8.2. Minerals
8.2.1. Mining, Manufacturing, and Utilities Output (US$ Bn)
9 Appendix
9.1. About SDI
9.2. Disclaimer