New Delhi: India’s defence electronics market at a sub-system level may provide about $58-billion opportunity over the next 12 to 15 years, a ‘White Paper’ by industry body India Electronics and Semiconductors Association (IESA) and global strategy consultants Roland Berger has concluded.
At the system stand-alone level, the consolidated $18.5-billion opportunity is congregated around major developmental programs related to Information Systems and battlefield transparency for the Indian Army such as the Tactical Communication System (TCS) and Battlefield Management System (BMS).
The opportunity will be driven by the three Indian armed forces’ acquisition of platforms in communication, electronic warfare, signal intelligence, platform electronics, data-links and seeker electronics.
The study report, which has come out ahead of the Ministry of Defence formulating and notifying its defence electronics policy, was released at the two-day Deftronics event that began here today.
On the supply side, India’s defence production capability has been built largely around the backbone of Public Sector Undertakings (PSUs), Defence PSUs, Ordnance Factories and Defence Research and Development Organisation (DRDO) labs. But private players are now emerging, the report noted.
The private domestic industry is largely restricted to supplying raw materials, semi-finished products and parts and components.
As DPSUs vacate parts of the value-chain, emerging white spaces are key opportunities for new private sector players, the report concluded.
For full text of the ‘White Paper’, click here on this image below: