| Product Code: ETC7541495 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s defense composites import shipments in 2024 saw significant growth, with top exporting countries being China, Taiwan, USA, Thailand, and South Korea. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The compound annual growth rate (CAGR) from 2020 to 2024 was impressive at 28.39%, with a notable growth rate of 23.93% from 2023 to 2024. This data suggests a strong demand for defense composites in India, highlighting the importance of these materials in the country`s defense sector.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Defense Composites Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Defense Composites Market Revenues & Volume, 2021 & 2031F |
3.3 India Defense Composites Market - Industry Life Cycle |
3.4 India Defense Composites Market - Porter's Five Forces |
3.5 India Defense Composites Market Revenues & Volume Share, By Reinforcement Type, 2021 & 2031F |
3.6 India Defense Composites Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.7 India Defense Composites Market Revenues & Volume Share, By Application Type, 2021 & 2031F |
4 India Defense Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing defense budget allocation by the Indian government |
4.2.2 Growing demand for lightweight and high-strength materials in defense applications |
4.2.3 Emphasis on indigenization and self-reliance in defense manufacturing |
4.3 Market Restraints |
4.3.1 High initial investment required for setting up composite manufacturing facilities |
4.3.2 Limited availability of skilled labor for composite manufacturing in India |
5 India Defense Composites Market Trends |
6 India Defense Composites Market, By Types |
6.1 India Defense Composites Market, By Reinforcement Type |
6.1.1 Overview and Analysis |
6.1.2 India Defense Composites Market Revenues & Volume, By Reinforcement Type, 2021- 2031F |
6.1.3 India Defense Composites Market Revenues & Volume, By Carbon Composites, 2021- 2031F |
6.1.4 India Defense Composites Market Revenues & Volume, By Glass Composites, 2021- 2031F |
6.1.5 India Defense Composites Market Revenues & Volume, By Aramid Composites, 2021- 2031F |
6.1.6 India Defense Composites Market Revenues & Volume, By Ceramic Composites, 2021- 2031F |
6.2 India Defense Composites Market, By Resin Type |
6.2.1 Overview and Analysis |
6.2.2 India Defense Composites Market Revenues & Volume, By Thermoset Composites, 2021- 2031F |
6.2.3 India Defense Composites Market Revenues & Volume, By Thermoplastic Composites, 2021- 2031F |
6.2.4 India Defense Composites Market Revenues & Volume, By Ceramic Matrix Composites, 2021- 2031F |
6.3 India Defense Composites Market, By Application Type |
6.3.1 Overview and Analysis |
6.3.2 India Defense Composites Market Revenues & Volume, By Military Aircraft, 2021- 2031F |
6.3.3 India Defense Composites Market Revenues & Volume, By Naval Systems, 2021- 2031F |
6.3.4 India Defense Composites Market Revenues & Volume, By Land Vehicles, 2021- 2031F |
6.3.5 India Defense Composites Market Revenues & Volume, By Personal Protection, 2021- 2031F |
6.3.6 India Defense Composites Market Revenues & Volume, By Arms & Ammunition, 2021- 2031F |
6.3.7 India Defense Composites Market Revenues & Volume, By Others, 2021- 2031F |
7 India Defense Composites Market Import-Export Trade Statistics |
7.1 India Defense Composites Market Export to Major Countries |
7.2 India Defense Composites Market Imports from Major Countries |
8 India Defense Composites Market Key Performance Indicators |
8.1 Percentage increase in defense budget allocation towards composites RD and procurement |
8.2 Number of partnerships between Indian defense manufacturers and global composite technology providers |
8.3 Percentage growth in the adoption of composites in key defense applications |
9 India Defense Composites Market - Opportunity Assessment |
9.1 India Defense Composites Market Opportunity Assessment, By Reinforcement Type, 2021 & 2031F |
9.2 India Defense Composites Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.3 India Defense Composites Market Opportunity Assessment, By Application Type, 2021 & 2031F |
10 India Defense Composites Market - Competitive Landscape |
10.1 India Defense Composites Market Revenue Share, By Companies, 2024 |
10.2 India Defense Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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