How is India's position in the global aerospace market expected to change by 2024?
While India currently accounts for just 1% of the global aerospace supply chain market despite being the third largest domestic aviation market, significant growth is expected. This surge is part of a broader trend where Asia Pacific aerospace revenue is projected to rise 54% in 2024 compared to 2019, while North America and Europe remain flat. India is positioned to benefit from this regional growth as major manufacturers like Airbus and Rolls Royce increase their sourcing from the country.
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Asia Pacific Aerospace Revenue Growth Projection
WION·7 months ago
Answered in this video
What factors are driving the transformation of India's aerospace sector?
What plans does Rolls Royce have for sourcing from India in the next five years?
What do industry leaders believe about India's share in the global aerospace market by 2033?
How has JJG Aero's revenue changed over the years and what focus areas are they shifting towards?
Why is India being seen as a reliable and cost-effective solution to supply chain challenges in the aerospace sector?
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