Composites have become indispensable in aerospace due to their strength, durability, and lightweight properties. The Indian aerospace composites market is evolving quickly, supported by defense procurement, civil aviation growth, and government incentives. Stratview Research identifies India as one of the fastest-growing aerospace composites markets globally.

The Indian aerospace composites market is likely to grow at a healthy CAGR during the forecast period to reach a value of US$ 302.5 million by 2023.

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Market Drivers

One key driver is the expansion of civil aviation in India, with rising passenger traffic creating demand for new aircraft. This growth cascades into greater demand for composite-intensive parts.

Defense spending is another major factor. India’s investment in fighter jets, military transport, and rotary platforms is boosting adoption of indigenous composite technologies.

Additionally, global OEMs are expanding offset agreements and partnerships with Indian suppliers, increasing the flow of composite technology into the country.

Key Trends

The market is witnessing greater localization of raw material sourcing and production, reducing dependency on imports. Thermoplastic composites are gaining adoption due to ease of manufacturing and sustainability benefits.

R&D is also expanding, with institutions like NAL and DRDO working on aerospace-grade composites for next-generation platforms.

International players are increasingly collaborating with Indian firms, positioning India as a competitive hub for both defense and commercial aerospace composites.

Conclusion

India’s aerospace composites market is on an accelerated growth path, shaped by rising defense budgets, civil aviation expansion, and policy-driven initiatives. With innovation and partnerships driving the ecosystem, India is emerging as a key contributor to the global aerospace composites supply chain.