India’s Defence Electronics market pegged at over $70 billion

  • Defence electronics spending in the emerging nations of China, Russia and India are growing fast and by 2022, all the three countries could command a market share of five per cent each, from about two percent in 2012.
  • The United States and Europe hold the dominant market share of global defence electronics.
  • The opportunity for electronics in defence systems in India is spread across both standalone equipment (about $18.5 billion) as well as at a sub-system level.
  • Indian companies have other challenges too – the country does not have a common infrastructure for testing, prototyping and certification of defence systems – expensive affairs, particularly for small businesses.

Source: DefenceNews

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