印度国家制造业行业市场前景及投资研究报告-培训课件外文版2024.6

INDUSTRIES

&

MARKETSDefensemanufacturinginIndiaCHAPTER

01OverviewGlobalmilitaryspendingfrom2001to2023(inbillionU.S.dollars)Militaryexpenditureworldwide2001to20233,0002,5002,4432,2402,1131,9811,9222,0001,5001,0005001,8551,793

1,799

1,7831,785

1,8071,7761,756

1,7501,7571,6411,5511,4881,4461,3861,3011,2151,13902001*

2002*

2003*

2004

2005

2006

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20233Description:In2023,themilitaryspendingworldwideamountedto2.44trillionU.S.dollars,whichwasthehighestduringtheperiodunderconsideration.ReasonsforthisaretheRussia-Ukrainewar,thewarinGaza,aswellasincreasingtensionsintheSouthChinaSea.TheUnitedStatesaccountedfor37percentoftotalmilitaryspendingglobally.ReadmoreNote(s):Worldwide;2001to2023;Basedoncurrentpricesandexchangerates;*DataexcludesIraqfrom2001to2003.

ReadmoreSource(s):IMF;SIPRICountrieswiththehighestmilitaryspendingworldwidein2023(inbillionU.S.dollars)Countrieswiththehighestmilitaryspending2023MilitaryspendinginbillionU.S.dollars400

50001002003006007008009001,000UnitedStatesChina*916296Russia*109India83.6SaudiArabia*UnitedKingdomGermanyUkraine75.874.966.864.861.3FranceJapanSouthKoreaItaly50.247.935.5AustraliaPoland32.331.627.5Israel4Description:TheUnitedStatesledtherankingofthecountrieswiththehighestmilitaryspendingin2023,with916billionU.S.dollarsdedicatedtothemilitary.Thatconstitutedover40percentofthetotalꢀmilitaryspendingworldwidethatyear,whichamountedto2.4trillionU.S.dollars.Thisamountedto3.5percentoftheU.S.grossdomesticproduct(GDP),placingtheU.S.lowerintherankingofmilitaryexpenditureasapercentageofGDPthanforinstanceSaudiArabia,Israel,Algeria,andRussia.China[...]

ReadmoreNote(s):Worldwide;2023;*Valueestimatedbythesource.SpendingfiguresareinU.S.dollars,atconstant(2021)pricesandexchangerates.ReadmoreSource(s):SIPRIMilitaryexpenditureasashareofGDPintheAsia-Pacificregionin2020,bycountryorterritoryMilitaryexpenditureAPAC2020,bycountryMilitaryexpenditureasshareofGDP1.5%

2.0%

2.5%0.0%BruneiPakistanSingaporeIndia0.5%1.0%3.0%3.5%4.0%4.5%4.08%4.02%3.2%2.88%2.85%SouthKoreaCambodiaAustraliaSriLankaChina2.45%2.06%1.93%1.75%NewZealandThailand1.54%1.47%AfghanistanNepal1.37%1.36%5Description:In2020,militaryexpenditureinBruneiamountedtoapproximatelyfourpercentofthecountry'sGDP.Incomparison,militaryexpenditureinIndonesiaandMongoliaamountedtolessthanonepercentofeachcountry'sGDPin2020.ReadmoreNote(s):Asia,APAC;2020Source(s):WorldBankGovernmentexpenditureondefenseinIndiafrom2001to2022(inbillionU.S.dollars)PublicexpenditureondefenseinIndia2001-20229585756555453581.476.672.971.566.364.656.650.951.349.647.2

47.446.138.73328.32423.12515520.216.314.6

14.72001

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20226Description:Publicexpenditureonmilitaryanddefenseamountedtoaround81.4billionU.S.dollarsin2022.Itwasasixpercentincreaseincomparisonwiththepreviousyear.Theamountwasaround2.4percentofIndia'sGDP.Duringthepresentedperiod,ageneralincreaseintheexpenditureonthissectorbythestateandcentralgovernmentsinthecountrycanbeobserved.ReadmoreNote(s):India;2001to2022Source(s):SIPRIValueofdefenseproductioninIndiafromfinancialyear2017to2024(inbillionIndianrupees)DefenseproductionvalueinIndiaFY2017-20241,2001,086.841,000948.45846.43811.2788.2790.718006004002000740.54189.71FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024*7/statistics/1327793/india-defense-production-valueInfinancialyear2023,theproductionvalueofdefensemanufacturingsectorinIndiareached1,086billionIndianrupees,thehighestduringthepresentedperiod.Themajorityoftheproductionvaluewascontributedbypublicsectorundertakings.ReadmoreNote(s):India;FY2017toFY2024;*untilSeptember21,2023.India'sfinancialyearbeginsinAprilandendsinMarch.Forexample,FY2021startedinApril2020andendedinMarch2021.OneIndianrupeeisequalto0.011eurosand0.012U.S.[...]

ReadmoreSource(s):DepartmentofDefenceProduction(India);Varioussources(Defensemanufacturingcompanies)CHAPTER

02RevenueandproductionLeadingaerospaceanddefensemanufacturersworldwidein2022,basedonrevenue(inbillionU.S.dollars)Revenueofthegloballeadingaerospaceanddefensemanufacturers2022RevenueinbillionU.S.dollars30

400102050607067.0780RaytheonTechnologiesBoeing66.61LockheedMartinAirbus65.9861.79GeneralDynamicsNorthopGrummanBAESystemsGEAviation39.4136.626.2126.05Safran20.5318.47Thales9Description:Asof2022,intheaerospaceanddefensemanufacturingindustry,RaytheonTechnologiesoutperformedallcompetitors,includingitsclosestrivals,Boeing,LockheedMartinandAirbus,witharevenueofroughly68billionU.S.dollars.ReadmoreNote(s):Worldwide;2022Source(s):PwCLargestarms-producingandmilitaryservicescompaniesworldwidein2022,byarmssales(inmillionU.S.dollars)Salesoftheworld'slargestarms-producingandmilitaryservicescompanies2022SalesvalueinmillionU.S.dollarsTotalsales20,000Armssales30,000010,00040,00050,00060,00070,00065,98480,00090,000LockheedMartinCorp.(US)Raytheon(US)*NorthropGrummanCorp.(US)Boeing(US)59,39067,07439,57036,60232,30066,60829,30039,407GeneralDynamicsCorp.(US)BAESystems(UK)ChinaNorthIndustriesGroupCorp.(NORINCO)AviationIndustryCorp.ofChina(AVIC)**ChinaAerospaceandTechnologyCorporation(CASC)Rostec(Russia)***28,32027,71226,90082,53782,49922,06020,62019,56016,81015,08044,45830,29555,837CETC(China)*L3HarrisTechnologies(US)17,06212,63010Description:In2022,LockheedMartinwastheworld'slargestarms-producingandmilitaryservicescompany,witharmssalesamountingtonearly60billionU.S.dollars.Armssalesconstitutedalmost90percentoftotalcompanysalesinthatyear.RaytheonandBoeingfollowedontheplacesbehind.ExceptforthreeEuropeancompaniesandoneRussian,allthelargestarmsdealersintheworldwereeitherbasedintheUntiedStatesorChina.

ReadmoreNote(s):Worldwide;2022;*RenamedRTXin2023.**Highdegreeofuncertainty.***HasnodirectmanufacturingcapacityandwouldusuallynotbeincludedintheTop100list.IsincludedherebecausedataforalmostallotherRussiancompanies[...]

ReadmoreSource(s):SIPRIValueofpublicsectorundertakingsdefenseproductioninIndiafromfinancialyear2017to2024(inbillionIndianrupees)PublicsectorundertakingsdefenseproductionvalueinIndiaFY2017-2024700600634.66557.9476.555004003002001000467.11453.87434.64404.27109.75FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024*11Description:Infinancialyear2023,thevalueofpublicsectorundertakingsdefenseproductioninIndiareachedabove634billionIndianrupees,thehighestduringtheexaminedperiod.Theproductionvaluegrewoveryears.ThemajorityofthedefenseproductionvalueinIndiawasgeneratedbypublicsectorundertakings.ReadmoreNote(s):India;FY2017toFY2024;*AsofSeptember21,2023.

India'sfinancialyearbeginsinAprilandendsinMarch.Forexample,FY2021startedinApril2020andendedinMarch2021.OneIndianrupeeisequalto0.011eurosand0.012U.S.[...]

ReadmoreSource(s):DepartmentofDefenceProduction(India);Varioussources(Defensemanufacturingcompanies)ValueofprivatecompaniesdefenseproductioninIndiafromfinancialyear2017to2024(inbillionIndianrupees)PrivatecompaniesdefenseproductionvalueinIndiaFY2017-2024250200210.83199.2173.5172.68158.94153.4715010050141.0439.860FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024*12Description:Infinancialyear2023,thevalueofdefenseproductionbyprivatecompaniesinIndiareachedalmost211billionIndianrupees,thehighestproductionvalueduringthepresentedperiod.ThemajorityofthedefenseproductionvalueinIndiawasgeneratedbypublicsectorundertakingstogetherwithordnancefactoryboard.ReadmoreNote(s):India;FY2017toFY2024;*untilSeptember21,2023.India'sfinancialyearbeginsinAprilandendsinMarch.Forexample,FY2021startedinApril2020andendedinMarch2021.OneIndianrupeeisequalto0.011eurosand0.012U.S.[...]

ReadmoreSource(s):DepartmentofDefenceProduction(India);Varioussources(Defensemanufacturingcompanies)ShipbuildingcapacityinIndiainfinancialyear2022,bycompany(in1,000deadweighttonnage)ShipbuildingcapacityinIndiaFY2022,bycompanyCapacityinthousandDWT400CochinShipyardLtd.206080100120110HindustanShipyardLtd.ShoftShipyardPvt.Ltd.809WaterwaysShipyardPvt.Ltd.Chowgule&Co.Ltd.8888SanMarineMandoviDrydocksLtd.GoaShipyardLtd.4.54.5DempoShipbuilding&EngineeringPvt.Ltd.ShalimarWorksLtd.1.213Description:Infinancialyear2022CochinShipyardLtd.hadthelargestshipbuildingcapacityat110thousanddeadweighttonnage(DWT).Itwasfollowedbyantherpublicshipyard,HindustanShipyardLtd.at80thousandDWT.Deadweighttonnageisusedtomeasurethemaximumcarryingcapacityoftheshipthatcanbebuiltbyashipyardasthenumberoftonsofcargo,fuel,freshwater,ballastwater,provisions,passengers,andcrew.

ReadmoreNote(s):India;2022;includingpublicandprivatecompanies.Source(s):MinistryofPorts,ShippingandWaterways(India)CHAPTER

03TradeMarketshareoftheleadingexportersofmajorweaponsbetween2019and2023,bycountryMarketshareoftheleadingexportersofmajorweapons2019-2023Shareofinternationalarmsexports15%

20%

25%0%5%10%30%35%40%45%UnitedStatesRussia42%11%11%FranceChina5.8%5.6%GermanyItaly4.3%3.7%2.7%2.4%2%1.6%1.2%UnitedKingdomSpainIsraelSouthKoreaTurkeyNetherlands15Description:TheUnitedStateshadamarketshareofover40percentininternationalarmsexportsbetween2019and2023.ThesecondlargestsuppliersofmajorweaponsworldwidewereRussiaandFrance,accountingfor11percenteachofexportsovertheobservedperiod.TheUnitedStates,Russia,andFrancecontributednearlytwothirdsofmajorweaponsexportsbetween2019and2023.

ReadmoreNote(s):Worldwide;2018to2022Source(s):SIPRIMarketshareintheimportofmajorarmsbetween2019and2023,bycountryMarketshareofmajorarmsimportsbythelargestimporters2019-2023Marketshare5%0%1%2%3%4%6%7%8%9%10%11%IndiaSaudiArabiaQatar9.8%8.4%7.6%UkrainePakistanJapan4.9%4.3%4.1%4%3.7%EgyptAustraliaSouthKoreaChina3.1%2.9%16Description:Thelargestimporterofmajorarmsbetween2019and2023wasIndia,accountingforalmost10percentoftheglobalmarket.SaudiArabiafollowedbehindwithjustaboveeightpercent,withQatarinthird.TheUnitedStateswastheleadingarmsexporterintheworld.ReadmoreNote(s):Worldwide;2019to2023;Shows10largestimportersSource(s):SIPRIDefenseexportfromIndiafromfinancialyear2017to2024(inbillionIndianrupees)DefenseexportfromIndiaFY2017-2024250200150100197.83159.18128.15107.4691.1684.3546.8250015.22FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY202417Description:Infinancialyear2024,theexportvalueofdefenseequipmentfromIndiareached197.8billionIndianrupees,thehighestduringthepresentedperiod.Therewerevisibledecreasesin2020and2021,mainlyduetotheimpactofthecoronaviruspandemic.IndiawastheleadingdefenseexportertoAfricaduring2017and2021.ReadmoreNote(s):India;FY2017toFY2024Source(s):DepartmentofDefenceProduction(India)DefenseexportfrompublicsectorfromIndiafromfinancialyear2017to2023(inbillionIndianrupees)DefenseexportfrompublicsectorfromIndiaFY2017-202316141210815.1913.289.859.339.0563.863.86420FY2017FY2018FY2019FY2020FY2021FY2022FY202318Description:Infinancialyear2023,theexportvaluefromthepublicsectorofdefenseequipmentfromIndiareached3.9billionIndianrupees.Thehighestexportvalueduringthepresentedperiodwasin2018at15.2billionrupees.IndiawastheleadingdefenseexportertoAfricaduring2017and2021.ReadmoreNote(s):India;FY2017toFY2023Source(s):DepartmentofDefenceProduction(India)DefenseexportfromprivatecompaniesfromIndiafromfinancialyear2017to2024(inbillionIndianrupees)DefenseexportfromprivatecompaniesfromIndiaFY2017-2024140124.8212098.1310080604020090.5180.0872.7159.6531.631.94FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY202419Description:Infinancialyear2024,exportvaluefromprivatecompaniesofdefenseequipmentfromIndiareached124.8billionIndianrupees.Itwasthehighestexportvalueduringthepresentedperiod.IndiawastheleadingdefenseexportertoAfricaduring2017and2021.ReadmoreNote(s):India;FY2017toFY2024Source(s):DepartmentofDefenceProduction(India)ShareofdefenseimporttoIndiafrom2019to2023,bycountryoforiginShareofdefenseimporttoIndia2019-2023,bycountryoforiginOthers6%SouthKorea3%Israel9%Russia36%UnitedStates13%France33%20/statistics/1345382/india-share-of-defense-import-by-countryBetween2019and2023,thebiggestdefenseexportertoIndiawasRussia,with36percentoftheperiod'stotaldefenseimport.ItwasfollowedbyFrancewith33percent.Duringthepresentedperiod,Indiawasthebiggestarmsimporterintheworld.ReadmoreNote(s):India;2019to2023Source(s):SIPRICHAPTER

04MajorIndiandefensecompaniesValueofproductionofHindustanAeronauticsLimitedfromfinancialyear2008to2023(inbillionIndianrupees)ProductionvalueofHALFY2008-2023300250200270.55237.7205.9200.44186.5175.53171.52

171.03164.5162.88158.68142.0215010050134.9126.93118.1187.910FY2008

FY2009

FY2010

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FY202322Description:TheproductionvalueofHindustanAeronauticsLimited(HAL)amountedtoaround271billionIndianrupeesinfiscalyear2023,anincreasefromabout238billionrupeesfromthepreviousfiscalyear.HALisanIndianstate-ownedaerospaceanddefensecompanythatislocatedinBengaluru,Karnataka.ReadmoreNote(s):India;FY2008toFY2023Source(s):HALValueofproductionofBharatElectronicsLimitedfromfinancialyear2014to2023(inbillionIndianrupees)ProductionvalueofBELFY2013-2023200180160140120177.31153.21139.47129.48119.2196.710080604020092.4477.7566.5962.961.27FY2013FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY202323Description:ThevalueofproductionofBharatElectronicsLimited(BEL)infiscalyear2023reached177.3billionIndianrupees.Itwasavisibleincreaseincomparisonwiththepreviousyear.Duringthepresentedperiod,theproductionvalueofBELsawconstantgrowth.BELisanIndiangovernment-ownedaerospaceanddefenseelectronicscompany.ReadmoreNote(s):India;FY2013toFY2023Source(s):BEL(India)Valueofordnancefactoryboard(OFB)defenseproductioninIndiafromfinancialyear2017to2024(inbillionIndianrupees)OFBdefenseproductionvalueinIndiaFY2017-2024180160169.98148.25148.29146.3514012010080128.16119.1392.27604032.36200FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024*24Description:Infinancialyear2023,thevalueofordnancefactoryboard(OFB)defenseproductioninIndiareachedalmost170billionIndianrupees.Thiswasthehighestproductionvalueachievedduringtheexaminedperiod.ThemajorityofthedefenseproductionvalueinIndiawasgeneratedbypublicsectorundertakingstogetherwithOFB.ReadmoreNote(s):India;FY2017toFY2024;*untilSeptember21,2023.India'sfinancialyearbeginsinAprilandendsinMarch.Forexample,FY2021startedinApril2020andendedinMarch2021.OneIndianrupeeisequalto0.011eurosand0.012U.S.[...]

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