Supply chain
How is India emerging as a solution to aerospace manufacturing challenges?
As Western manufacturers grapple with production caps and labor shortages, India is increasingly being recognized as a reliable, cost-effective solution to global aerospace supply chain challenges. The country's aerospace sector is gaining prominence as it offers manufacturing capabilities that help address the constraints faced by traditional Western producers. India's growing role is further strengthened by a shift in the country's position within global supply chains. This evolution is supported by both industry needs and government initiatives to enhance local manufacturing capabilities, positioning India to potentially increase its market share from 1% to 10% of the global aerospace supply chain by 2033.
Watch clip answer (00:18m)
WION
01:42 - 02:00
What is India's projected share of the global aerospace market by 2033?
According to industry leaders, India is positioned to capture 10% of the global aerospace market by 2033, with the sector predicted to be worth $250 billion annually. This significant market share represents a substantial growth opportunity for the Indian aerospace industry. Companies operating in India are actively enhancing their capabilities to meet these increasing demands. This transformation involves Indian firms advancing from basic manufacturing to developing expertise in high-value engineering and design services, enabling them to secure prominent contracts in the competitive global aerospace supply chain.
Watch clip answer (00:16m)WION
00:53 - 01:09
How is India's aerospace sector transforming and what is driving this change?
India's aerospace sector is experiencing rapid transformation driven by increased global demand for parts and services from major manufacturers. Companies like Airbus, Rolls Royce, Collins Aerospace, and Pratt and Whitney are expanding their sourcing from India, leveraging the country's growing capabilities and cost advantages. This transformation is positioning India to potentially capture up to 10% of the global aerospace supply chain by 2033, with the sector projected to reach an annual worth of $250 billion. The growth is supported by governmental initiatives and India's skilled workforce, enabling local companies to transition to higher-value work in the global aerospace ecosystem.
Watch clip answer (00:19m)WION
00:00 - 00:20
What is India's current contribution to the Airbus supply chain and how is it expected to change?
India currently contributes over $1 billion to the Airbus supply chain, with this figure expected to double in the coming years. This growth reflects India's expanding role in global aerospace manufacturing. The Indian government is actively supporting this expansion through various initiatives, with the Civil Aviation Ministry developing strategies to strengthen local component manufacturing capabilities. These coordinated efforts position India as an increasingly significant player in the international aerospace supply ecosystem.
Watch clip answer (00:18m)WION
02:07 - 02:25
How are global aerospace companies expanding their operations in India?
Major aerospace companies including Airbus, Rolls Royce, Collins Aerospace, and Pratt and Whitney are significantly expanding their sourcing from India, leveraging the country's growing capabilities in the aerospace sector. Rolls Royce specifically plans to double its sourcing from India within the next five years. This expansion is driven by cost advantages that India offers and the country's ability to meet increasing global demand. These companies are capitalizing on India's developing aerospace ecosystem as it continues to establish itself as an important player in the global aerospace supply chain.
Watch clip answer (00:22m)WION
00:08 - 00:31
What challenges has India overcome to become a key player in the global aerospace industry?
India has successfully positioned itself to overcome significant historical challenges in the aerospace sector, particularly long qualification times and raw material sourcing issues. These barriers previously limited India's participation in global aerospace supply chains. With its skilled workforce and rapidly expanding manufacturing capabilities, India is now primed to become a key player in the global aerospace ecosystem. This transformation allows India to capitalize on increasing demand for aerospace parts and services, with projections suggesting the country could grow its share in the global aerospace supply chain from 1% to 10% by 2033.
Watch clip answer (00:17m)WION
02:26 - 02:44