Aerospace
@ZibiGroup
The global aerospace sector is expected to expand, but it must overcome formidable obstacles pertaining to workforces, supply chains, and sustainability. The industry’s success will largely depend on its ability to embrace new technology and adjust to a shifting global environment.
Market size:
The market size of the Indian aerospace and defense sector for 2023-2024 is estimated to reach around ₹1.55 lakh crore (INR 1.55 trillion). This growth is supported by increasing demand in civil aviation and defense, with significant contributions from government initiatives to enhance domestic manufacturing and boost defense and air infrastructure
Challenges:
⦿ Pricing pressures
⦿ Innovation hurdles
⦿ Supply chain concerns
⦿ Sustainability issues