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Country Industry Forecast - Economic Analysis of the Indian Aerospace and Defense IndustryPublished by: Frost & Sullivan Published: Oct. 3, 2006 - 18 Pages Table of Contents
1. Overview of the Economy and the Aerospace and Defense Industry 1. Economy and the Aerospace and Defense Industry 2. The Indian Aerospace and Defense Industry 1. Indian Aerospace and Defense Industry 1. Indian Aerospace Industry 2. Indian Defense Industry 3. Implications of Economic Trends AbstractEconomic reforms and increased foreign direct investment has contributed to higher economic growth and personal disposable income in India. Changes in civil aviation policies have lead to increase in number of private airlines and competition and an increase in the domestic air passenger traffic. Booming outsourcing and medical tourism are some of the factors contributing to rising trend in international air traffic. Growth in the volume of trade with Asia, Europe and North America has resulted in an increase in the air freight traffic. The defense budget is analyzed in detail and forecast for the defense spending is provided. This research analyses the economic trends and their implications for aerospace and defense industry.Research Overview India has seen a spurt in economic growth and personal disposable income following the implementation of economic reforms and increased foreign direct investment. This, along with thriving medical tourism, has boosted international air traffic, while greater volume of trade with Asia, Europe, and North America has augmented air freight. Moreover, changes in civil aviation policies have multiplied the number of private airlines and intensified competition and domestic air passenger traffic. The Indian aerospace and defense industry has tremendous support from the Government, which is actively involved in the demand and supply of defense and aerospace products. The industry is predominantly government-owned and the domestic needs have been fulfilled largely through imports from Russia, Israel, and the United States. However, global competition has necessitated the import of critical components from countries where technologies are mature and cost effective. The Government is working to reduce dependence on imports through privatization initiatives. These have transformed the role of private participants from suppliers of raw materials and semi-finished parts and components to producers of high-tech defense and aerospace equipment such as aircraft and spacecraft parts and navigation instruments. By focusing on exports, the Indian aerospace and defense industry has developed the capacity to provide outsourcing opportunities to established companies in the United States and Europe. However, with increased globalization making information security critical, countries are likely to be apprehensive about outsourcing production fearing knowledge diffusion. Frost & Sullivan’s Aerospace and Defense Country Industry Forecast service provides vital inputs for evaluating the attractiveness of a country and its aerospace and defense industry. Besides enabling decision makers to assess the impact of non-market forces, it also helps identify new market opportunities. This service provides a strong base for preparing contingency plans. In addition, investors can assess industry-specific risk factors and conduct in-depth micro research. Benefits of this Service Identify New Market Opportunities The future trends of the economic environment of India have been analyzed along with their impact on the aerospace and defense industry. This analysis will provide valuable information to participants on opportunities in specific segments of the industry. Understand Future Industry Trends This research service gives an insight into the Indian aerospace and defense industry, discusses its dependence on the prevailing economic scenario, and forecasts the future economic environment. This will enable industry participants to gauge the future direction of the market, aiding them to devise appropriate market strategies to improve market share. Understand Policy and Regulatory Environment A detailed analysis of the policy and regulatory framework of the Indian aerospace and defense industry will provide insights into the regulatory environment as it exists, and its future. This is particularly beneficial in the case of the aerospace and defense industry as these regulations form an important criterion for industry performance. Devise Country Entry Strategies The research service provides valuable information and analysis of the strengths and weaknesses of the economic environment in India, which are relevant to the aerospace and defense industry. This is useful in devising country-specific strategies for industry participants. Evaluate Industry Segment Potential This research service offers detailed coverage of economic issues as well as industry specific and macro economic policies affecting the industry and their future direction. It provides country and industry trends with forecasts for major variables and is an excellent tool for companies that plan to enter new geographic markets. This will help corporate planners in developing accurate business plans and enhance credibility in terms of utilizing company resources. Get Full Details About This Report >> |
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