India Missile Market by Type (Cruise, Ballistic, Interceptors, Anti-Tank, Anti-Ship, Submarine Launched Missiles), Component (Airframe, Guidance, Navigation, Control, Propulsion, Warhead, Battery), Speed, End User - Forecast To 2030
Report Code: UC-AS 6931 Jan, 2026, by marketsandmarkets.com
The India Missile Market is entering a transformative growth phase, expected to expand significantly through 2030. The country’s evolving security landscape, defense modernization priorities, and the strategic “Make in India” initiative are converging to accelerate demand across all missile categories. As regional tensions, global power realignments, and rapid technological advancements reshape defense strategies, India is positioning itself as both a leading missile consumer and an increasingly important global exporter. Missiles form a critical pillar of India’s defense architecture, enabling deterrence, precision strike capability, and layered air defense. From surface-to-air interceptors to tactical ballistic systems, cruise missiles, and anti-armor solutions, the Indian missile ecosystem is diversifying rapidly, reflecting the government’s ambition to achieve self-reliance while maintaining operational parity with leading global powers.
Market Dynamics
The growth of the India Missile Market is primarily driven by three interlinked dynamics:
- Defense Modernization Programs – Ongoing modernization across the Army, Navy, and Air Force is creating sustained demand for new missile systems. This includes long-range strike capabilities, advanced interceptors, and indigenous tactical missile programs to replace older inventory.
- Make in India & Atmanirbhar Bharat – A decisive policy push is encouraging local production, technology transfer, and indigenous R&D. State-owned entities such as DRDO, Bharat Dynamics Limited (BDL), and private players are collaborating to deliver homegrown solutions, thereby reducing reliance on imports.
- Export Potential – India is emerging as an exporter of missile systems, with the Akash surface-to-air missile system and BrahMos cruise missile generating significant international interest. Export approvals to friendly nations are reshaping India’s role from a defense importer to a supplier in the global arms market.
Market Segmentation
The report segments the India Missile Market comprehensively:
- By Missile Type: Surface-to-Surface, Surface-to-Air, Air-to-Air, Air-to-Surface, Subsea-to-Surface, Cruise, Ballistic, Anti-Tank Guided Missiles (ATGMs), Anti-Ship Missiles.
- By Component: Airframe, Guidance Systems, Propulsion Systems, Warheads, Navigation & Control (GNC) Systems, Batteries & Power Systems.
- By Speed: Subsonic, Supersonic, Hypersonic (emerging category).
- By Sales Channel: Indigenous Manufacturing, Assembled in India with Foreign Collaboration, Imported Systems.
- By End User: Indian Army, Indian Navy, Indian Air Force.
Key Programs and Indigenous Developments
Several landmark indigenous missile programs define India’s defense trajectory:
- Akash SAM Family – Mk1, Mk1S, and Akash NG form India’s indigenous medium-range air defense backbone.
- Astra BVR Air-to-Air Missiles – Enhancing aerial combat superiority for Su-30MKI and Tejas platforms.
- Pralay Tactical Missile – Strengthening India’s tactical strike options.
- Project Kusha – Next-generation area-defense system with advanced interceptors.
- BrahMos – Supersonic cruise missile with land, air, ship, and submarine-launched variants; future includes BrahMos-NG and BrahMos-II (hypersonic).
Drivers of Growth
- Regional Security Challenges
- Indigenization Push
- Export Ambitions
- Technological Shifts – hypersonics, AI-driven guidance, modular warheads
Challenges
- Technology Dependence
- Budgetary Priorities
- Export Competitiveness
Ecosystem and Supply Chain
Anchored by DRDO and BDL, supported by HAL, BEL, Tata Advanced Systems, L&T, Kalyani Group, with growing private participation and FDI inflows.
Competitive Landscape
Domestic: DRDO, BDL, HAL, BEL, Tata Advanced Systems, L&T Defense, Kalyani Strategic Systems. International: MBDA, Rafael, Lockheed Martin, Rosoboronexport, Saab.
Regulatory & Policy Landscape
- Defense Acquisition Procedure (DAP)
- Positive Indigenization Lists
- FDI reforms in defense
- Export approvals for friendly nations
Future Outlook
By 2030, India’s missile market will expand through hypersonic programs (BrahMos-II), next-gen SAM and BVR systems, integration with unmanned platforms, and export growth. The sector will remain a cornerstone of India’s defense industry, balancing domestic innovation, partnerships, and global competitiveness.
Short SEO-Optimized Report Description (~250–300 words)
The India Missile Market is projected to witness significant growth through 2030, driven by defense modernization, the Make in India initiative, and rising export ambitions. India is transitioning from a defense importer to a global supplier, with indigenous programs and international collaborations shaping its missile ecosystem.
The report covers all major missile categories, including surface-to-air, surface-to-surface, air-to-air, air-to-surface, cruise, ballistic, anti-tank, and anti-ship missiles. It also provides insights into key components such as airframes, propulsion systems, guidance, navigation and control, warheads, and power systems. Segmentation by speed (subsonic, supersonic, hypersonic) and sales channel (indigenous, assembled in India, imported) highlights structural shifts in procurement. End-user demand across the Indian Army, Navy, and Air Force
Indigenous missile programs such as Akash, Astra, Pralay, BrahMos, and Project Kusha are central to India’s defense strategy. These programs emphasize self-reliance, while partnerships with OEMs ensure technology transfer and innovation. Export opportunities for systems like BrahMos and Akash are expanding, further boosting India’s global footprint.
The study also highlights the competitive landscape, mapping leading players including DRDO, Bharat Dynamics Limited, HAL, Tata Advanced Systems, L&T Defense, and international collaborators such as MBDA and Rafael. Policy frameworks such as the Defense Acquisition Procedure (DAP), positive indigenization lists, and FDI reforms are driving the market toward greater local capability and reduced import reliance.
By 2030, the India Missile Market will be shaped by hypersonic development, next-generation SAM and BVR systems, integration with unmanned platforms, and sustained export growth, positioning India as a rising leader in the global missile industry.
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TABLE OF CONTENTS
1 EXECUTIVE SUMMARY (Page No. - 21)
2 PREMIUM INSIGHTS (Page No. - 25)
2.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INDIAN MISSILE ADDRESSABLE MARKET
2.2 INDIAN MISSILE ADDRESSABLE MARKET, BY TYPE
2.3 INDIAN MISSILE ADDRESSABLE MARKET, BY COMPONENT
2.4 INDIAN MISSILE ADDRESSABLE MARKET, BY SPEED
2.5 INDIAN MISSILE ADDRESSABLE MARKET, BY END USER
3 INTRODUCTION (Page No. - 27)
3.1 INTRODUCTION
3.2 STUDY OBJECTIVES
3.3 MARKET DEFINITION
3.3.1 INCLUSIONS AND EXCLUSIONS
3.4 STUDY SCOPE
3.4.1 YEARS CONSIDERED
3.5 CURRENCY CONSIDERED
3.6 STAKEHOLDERS
3.7 RESEARCH METHODOLOGY
3.7.1 RESEARCH DESIGN
3.7.1.1 Secondary data
3.7.1.2 Key data from secondary sources
3.7.1.3 Primary data
3.7.1.4 Insights from industry experts
3.7.2 MARKET SIZE ESTIMATION
3.7.2.1 Bottom-up approach
3.7.2.1.1 Step 1: Indigenous Missile Production Market
3.7.2.1.2 Step 2: Imported Missile Market
3.7.2.1.3 Step 3: Total Bottom-up Estimate
3.7.2.1.4 Step 4: Forecasting Methodology
3.7.2.2 Top-down approach
3.7.3 DATA TRIANGULATION
3.7.4 RESEARCH ASSUMPTIONS
3.7.5 RESEARCH LIMITATIONS AND RISK ANALYSIS
4 MARKET OVERVIEW (Page No. - 39)
4.1 INTRODUCTION
4.2 MARKET DYNAMICS
4.2.1 DRIVERS
4.2.1.1 Rise of indigenous defence manufacturing
4.2.1.2 Surge in defence budget for armed forces modernization
4.2.1.3 Favourable government policies for domestic production
4.2.1.4 Geopolitical tensions and security threats
4.2.2 RESTRAINTS
4.2.2.1 High development and operational costs
4.2.2.2 Budgetary constraints hamper growth and modernization
4.2.3 OPPORTUNITIES
4.2.3.1 Increase in defence exports
4.2.3.2 Expansion of indigenization list
4.2.3.3 Technological advancements in missile systems
4.2.4 CHALLENGES
4.2.4.1 Bottlenecks in India’s missile testing and manufacturing ecosystem
4.2.4.2 Shortage of skilled professionals
4.3 MISSILE LANDSCAPE: OPERATIONAL AND R&D MISSILES
4.3.1 OPERATIONAL MISSILES OF INDIA
4.3.2 INDIAN MISSILES UNDER RESEARCH & DEVELOPMENT
4.4 PRICING ANALYSIS
4.4.1 AVERAGE SELLING PRICE, BY KEY MISSILE INTEGRATORS IN INDIA
4.4.2 AVERAGE SELLING PRICE OF KEY INDIAN MISSILES, BY COMPONENT
4.5 USE CASE ANALYSIS OF MISSILES USED BY INDIAN ARMED FORCES
4.5.1 INDIGENOUS MISSILES USED BY INDIAN ARMED FORCES
4.5.1.1 Agni-V: Strategic nuclear deterrence
4.5.1.2 BrahMos: Maritime strike and land-attack operations
4.5.1.3 Akash: Medium-range air defence
4.5.2 MISSILES USED IN OPERATION SINDOOR
4.5.2.1 SCALP: Precision deep-strike
4.5.2.2 AASM Hammer: Bunker-busting precision
4.6 TECHNOLOGY ANALYSIS
4.6.1 KEY TECHNOLOGIES
4.6.1.1 Missile airframes
4.6.1.2 Guidance and navigation technologies
4.6.1.3 Control system technologies
4.6.1.4 Seeker technologies
4.6.1.5 Propulsion technologies
4.6.1.6 Battery technologies
4.6.2 COMPLEMENTARY TECHNOLOGIES
4.6.2.1 Missile launcher technologies
4.7 REGULATORY LANDSCAPE
4.7.1 GOVERNMENT BODIES
4.7.2 DEFENCE PROCUREMENT PROCEDURE AND OFFSET POLICY
4.7.2.1 Reservation in Categories for Indian Vendors
4.7.2.2 Enhancement of indigenous content
4.7.2.3 Make and innovation
4.7.2.4 Buy (Global-India Manufacturing)
4.7.2.5 Ease of doing business
4.8 KEY STAKEHOLDERS AND BUYING CRITERIA
4.8.1 KEY STAKEHOLDERS IN BUYING PROCESS
4.8.1.1 Methodology: Defining Influence Parameters
4.8.1.2 Parameter Assessment by Stakeholder
4.8.1.2.1 Defence Acquisition Council (DAC)
4.8.1.2.2 Integrated Defence Staff (IDS)
4.8.1.2.3 Director of Forces (Service HQ)
4.8.1.2.4 DRDO (Defence R&D Organisation)
4.8.2 BUYING CRITERIA
4.9 EMERGING TRENDS
4.9.1 DEVELOPMENT OF HYPERSONIC MISSILES
4.9.2 SHIFT TOWARD INDIGENOUS SYSTEMS AND TECHNOLOGIES
4.9.3 ACTIVE PARTICIPATION OF PRIVATE SECTOR IN MISSILE DEVELOPMENT
4.10 IMPACT OF MEGATRENDS
4.10.1 INTEGRATION OF ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING IN DEFENCE
5 INDIAN MISSILE SUPPLY CHAIN ASSESSMENT (Page No. - 77)
5.1 INTRODUCTION
5.1.1 INDIAN DEFENCE BUDGET ANALYSIS, 2025–2026
5.2 ECOSYSTEM ANALYSIS
5.3 VALUE CHAIN ANALYSIS
5.3.1 RESEARCH & DEVELOPMENT (~35%)
5.3.2 MANUFACTURING (~30%)
5.3.3 ASSEMBLY & TESTING (~25%)
5.3.4 POST-SALE SERVICES (~10%)
5.4 MISSILE INTEGRATOR ANALYSIS
5.5 INDIA'S MISSILE PRODUCTION CAPACITY
5.5.1 MISSILE CATEGORIES AND PRODUCTION
5.5.1.1 Surface-to-Surface Missiles
5.5.1.2 Surface-to-Air Missiles
5.5.1.3 Air-to-Air Missiles
5.5.1.4 Air-to-Surface Missiles
5.5.1.5 Subsea-to-Surface Missiles
5.5.2 PRODUCTION BY ENTITIES AND JOINT VENTURES
5.5.3 EXPORT POTENTIAL AND INTERNATIONAL COLLABORATIONS
5.6 KEY INITIATIVES/STRATEGIES USED BY MISSILE MANUFACTURERS
5.7 MARKET SHARE OF KEY MISSILE MANUFACTURERS IN INDIA
5.8 COMPARISON OF DIFFERENTIATION STRATEGIES IN INDIA'S MISSILE AND MISSILE-COMPONENT MARKET
5.9 MISSILE COMPONENT SUPPLIER ANALYSIS
5.9.1 MISSILE AIRFRAME SUPPLIER ANALYSIS
5.9.2 MISSILE PROPULSION SYSTEM SUPPLIER ANALYSIS
5.9.3 MISSILE GUIDANCE, NAVIGATION, AND CONTROL SYSTEM SUPPLIER ANALYSIS
5.9.4 MISSILE WARHEAD SUPPLIER ANALYSIS
5.9.5 MISSILE POWER SUPPLY SYSTEM SUPPLIER ANALYSIS
5.10 SUPPLIER MAPPING ACROSS KEY INDIAN MISSILE PROGRAMS
5.11 POTENTIAL CUSTOMERS FOR PROPELLANTS
5.11.1 GOVERNMENT RESEARCH ORGANIZATIONS
5.11.2 ARMED FORCES
5.11.3 PUBLIC-SECTOR UNDERTAKINGS
5.12 COMPETITIVE SCENARIO
5.12.1 DEALS
5.12.2 OTHER DEVELOPMENTS
6 INDIAN MISSILE ADDRESSABLE MARKET, BY TYPE (Page No. - 108)
6.1 INTRODUCTION
6.2 SURFACE-TO-SURFACE
6.2.1 CRUISE MISSILE
6.2.1.1 Indigenous technology cruise missile marks significant leap in India’s missile technology
6.2.1.2 Short range
6.2.1.3 Medium range
6.2.1.4 Long range
6.2.2 BALLISTIC MISSILE
6.2.2.1 Twin-launcher technology boosts India’s tactical missile power
6.2.2.2 Tactical ballistic missile (<300 KM)
6.2.2.3 Short-range ballistic missile (300–1,000 KM)
6.2.2.4 Medium-range ballistic missile (1,000–3,500 KM)
6.2.2.5 Intermediate-range ballistic missile (3,500–5,500 KM)
6.2.2.6 Intercontinental ballistic missile (>5,500 KM)
6.3 SURFACE-TO-AIR
6.3.1 MOBILE AIR DEFENCE INTERCEPTORS
6.3.1.1 Technological advancements in surface-to-air missiles to create opportunity in market
6.3.2 MAN-PORTABLE AIR-DEFENCE INTERCEPTORS
6.3.2.1 DRDO advances indigenous man-portable air defence systems
6.4 AIR-TO-AIR
6.4.1 WITHIN VISUAL RANGE AIR-TO-AIR MISSILE (< 40 KM)
6.4.1.1 Indigenous manufacturing enhancing within-visual-range air combat arsenal
6.4.2 BEYOND VISUAL RANGE AIR-TO-AIR MISSILE (> 40 KM)
6.4.2.1 Indian Air Force extends reach with Astra Mk-III Gandiva missile
6.5 AIR-TO-SURFACE
6.5.1 GROUND ATTACK MISSILE
6.5.1.1 Development of anti-radiation missile boosts India’s air-to-surface capability
6.5.2 ANTI-TANK MISSILE
6.5.2.1 DRDO enhances India's rotary-wing anti-tank capabilities
6.5.3 ANTI-SHIP MISSILE
6.5.3.1 Development-cum-Production Partner (DcPP) program boosts maritime strike capability of India
6.6 SUBSEA-TO-SURFACE
6.6.1 SUBMARINE-LAUNCHED BALLISTIC MISSILE (SLBM)
6.6.1.1 Advancements in SLBM to boost INS Arihant’s strategic capabilities
6.6.2 SUBMARINE-LAUNCHED CRUISE MISSILE (SLCM)
6.6.2.1 BrahMos to enhance India’s nuclear deterrent and defence readiness
7 INDIAN MISSILE ADDRESSABLE MARKET, BY COMPONENT (Page No. - 124)
7.1 INTRODUCTION
7.2 MISSILE AIRFRAME
7.3 GUIDANCE, NAVIGATION & CONTROL
7.3.1 NAVIGATION SYSTEM
7.3.1.1 Inertial navigation system
7.3.1.2 GPS
7.3.2 SEEKER
7.3.2.1 Radar seeker system
7.3.2.2 Infrared seeker system
7.3.2.3 Radio frequency (RF) seeker system
7.3.2.4 Laser seeker
7.3.2.5 Multi-Mode seeker
7.3.3 COMMUNICATION LINK
7.3.4 ON-BOARD COMPUTER & AVIONICS
7.3.5 MOTORS & ACTUATORS
7.4 PROPULSION SYSTEMS
7.4.1 MAIN ENGINE
7.4.1.1 Rocket engine
7.4.1.1.1 Solid
7.4.1.1.2 Liquid
7.4.1.1.3 Hybrid
7.4.1.2 Gas turbine engine
7.4.1.2.1 Turbojet
7.4.1.2.2 Ramjet
7.4.2 BOOSTER
7.4.3 IGNITERS
7.5 WARHEAD SECTION
7.5.1 WARHEAD
7.5.1.1 Blast warhead
7.5.1.2 Fragmentation warhead
7.5.1.3 Continuous ROD warhead
7.5.1.4 Shaped charge warhead
7.5.1.5 Hesh warhead
7.5.2 DETONATING MECHANISM
7.6 SAFETY & ARMING MECHANISM
7.7 POWER SUPPLY
7.7.1 TURBO ALTERNATOR
7.7.2 BATTERY
8 INDIAN MISSILE ADDRESSABLE MARKET, BY SPEED (Page No. - 140)
8.1 INTRODUCTION
8.2 SUBSONIC
8.2.1 ONGOING RESEARCH & DEVELOPMENT TO SUPPORT GROWTH
8.3 SUPERSONIC
8.3.1 INCREASE IN EXPORT DEMANDS FOR SUPERSONIC MISSILES TO SUPPORT GROWTH
8.4 HYPERSONIC
8.4.1 GOVERNMENT INVESTMENTS IN RESEARCH & DEVELOPMENT TO DRIVE MARKET
9 INDIAN MISSILE ADDRESSABLE MARKET, BY SALES CHANNEL (Page No. - 145)
9.1 INTRODUCTION
9.2 INDIGENOUS DESIGNED, DEVELOPED, AND MANUFACTURED
9.3 FOREIGN-DESIGNED BUT ASSEMBLED IN INDIA
9.4 IMPORTED MISSILES
10 INDIAN MISSILE ADDRESSABLE MARKET, BY END USER (Page No. - 151)
10.1 INTRODUCTION
10.2 ARMY
10.2.1 CONTINUOUS INTEGRATION OF ADVANCED MISSILE SYSTEMS TO SUPPORT GROWTH
10.3 NAVY
10.3.1 ONGOING RESEARCH & DEVELOPMENT TO DEVELOP ADVANCED MISSILES TO SUPPORT GROWTH
10.4 AIRFORCE
10.4.1 GROWING DEMAND TO UPGRADE AND EXPAND MISSILE STOCKPILES TO DRIVE MARKET
11 KEY MISSILE INTEGRATORS AND COMPONENT SUPPLIERS (Page No. - 157)
11.1 KEY MISSILE INTEGRATORS
11.1.1 BHARAT DYNAMICS LIMITED
11.1.1.1 Business overview
11.1.1.2 Products offered
11.1.1.3 Recent developments
11.1.1.3.1 Deals
11.1.1.3.2 Other developments
11.1.2 BRAHMOS AEROSPACE PRIVATE LIMITED
11.1.2.1 Business overview
11.1.2.2 Products offered
11.1.2.3 Recent developments
11.1.2.3.1 Deals
11.1.2.3.2 Other developments
11.1.3 ADANI DEFENCE AND AEROSPACE
11.1.3.1 Business overview
11.1.3.2 Products offered
11.1.3.3 Recent developments
11.1.3.3.1 Deals
11.1.3.3.2 Other developments
11.1.4 L&T MBDA MISSILE SYSTEMS LIMITED
11.1.4.1 Business overview
11.1.4.2 Products offered
11.1.5 VEM TECHNOLOGIES PVT. LTD.
11.1.5.1 Business overview
11.1.5.2 Products offered
11.1.5.3 Recent developments
11.1.5.3.1 Other developments
11.2 MISSILE COMPONENT SUPPLIERS
11.2.1 SOLAR GROUP
11.2.1.1 Business overview
11.2.1.2 Products offered
11.2.1.3 Recent developments
11.2.1.3.1 Deals
11.2.1.3.2 Other developments
11.2.2 PREMIER EXPLOSIVES
11.2.2.1 Business overview
11.2.2.2 Products offered
11.2.2.3 Recent developments
11.2.2.3.1 Deals
11.2.3 WALCHANDNAGAR INDUSTRIES LTD. (WIL)
11.2.3.1 Business overview
11.2.3.2 Products offered
11.2.4 KALYANI RAFAEL ADVANCED SYSTEMS PVT. LTD.
11.2.4.1 Business overview
11.2.4.2 Products offered
11.2.4.3 Recent developments
11.2.4.3.1 Other developments
11.2.5 BHARAT ELECTRONICS LIMITED (BEL)
11.2.5.1 Business overview
11.2.5.2 Products offered
11.2.5.3 Recent developments
11.2.5.3.1 Deals
11.2.5.3.2 Other developments
11.2.6 ASTRA MICROWAVE PRODUCTS LTD.
11.2.6.1 Business overview
11.2.6.2 Products offered
11.2.7 GODREJ & BOYCE MFG CO. LIMITED
11.2.7.1 Business overview
11.2.7.2 Products offered
11.2.8 CENTUM
11.2.8.1 Business overview
11.2.8.2 Products offered
11.2.8.3 Recent developments
11.2.8.3.1 Deals
11.2.9 HIGH ENERGY BATTERIES (INDIA) LIMITED
11.2.9.1 Business overview
11.2.9.2 Products offered
11.2.10 KINECO LIMITED
11.2.10.1 Business overview
11.2.10.2 Products offered
11.2.11 DATA PATTERNS (INDIA) LTD.
11.2.11.1 Business overview
11.2.11.2 Products offered
11.2.12 HINDUSTAN AERONAUTICS LIMITED
11.2.12.1 Business overview
11.2.12.2 Products offered
11.2.13 PARAS DEFENCE AND SPACE TECHNOLOGIES LIMITED
11.2.13.1 Business overview
11.2.13.2 Products offered
11.2.14 TATA ADVANCED SYSTEMS LIMITED
11.2.14.1 Business overview
11.2.14.2 Products offered
11.2.15 RATHI AEROSPACE LABS
11.2.15.1 Business overview
11.2.15.2 Products offered
11.2.16 APOLLO MICRO SYSTEMS LIMITED
11.2.16.1 Business overview
11.2.16.2 Products offered
11.2.16.3 Recent developments
11.2.16.3.1 Other developments
11.2.17 REVATHI ENGINEERING
11.2.17.1 Business overview
11.2.17.2 Products offered
11.2.18 BEML LIMITED
11.2.18.1 Business overview
11.2.18.2 Products offered
11.2.18.3 Recent developments
11.2.18.3.1 Deals
11.2.19 CORE CARBIDE TOOLS
11.2.19.1 Business overview
11.2.19.2 Products offered
11.2.20 RENEWABLE ENERGY SYSTEMS LTD.
11.2.20.1 Business overview
11.2.20.2 Products offered
11.2.21 SASMOS HET TECHNOLOGIES LIMITED
11.2.21.1 Business overview
11.2.22 MTAR TECHNOLOGIES LIMITED
11.2.22.1 Business overview
11.2.22.2 Products offered
12 APPENDIX (Page No. - 209)
12.1 DISCUSSION GUIDE
12.2 ANNEXURE
12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.4 CUSTOMIZATION OPTIONS
12.5 RELATED REPORTS
12.6 AUTHOR DETAILS
LIST OF TABLES (156 LIST OF TABLES)
TABLE 1 INCLUSIONS AND EXCLUSIONS
TABLE 2 USD EXCHANGE RATES
TABLE 3 TECHNOLOGICAL ADVANCEMENTS IN INDIAN MISSILE SYSTEMS
TABLE 4 OPERATIONAL MISSILES OF INDIA, 2024
TABLE 5 INDIAN MISSILES UNDER RESEARCH & DEVELOPMENT, 2024
TABLE 6 AVERAGE SELLING PRICE OF MISSILES PROVIDED BY KEY MISSILE INTEGRATORS, 2024
TABLE 7 AVERAGE SELLING PRICE OF KEY INDIAN MISSILES, BY COMPONENT (INR CRORE), 2024
TABLE 8 TECHNOLOGY ANALYSIS FOR MISSILE AIRFRAMES
TABLE 9 TECHNOLOGY ANALYSIS FOR GUIDANCE AND NAVIGATION SYSTEMS USED IN MISSILES
TABLE 10 TECHNOLOGY ANALYSIS FOR CONTROL SYSTEMS USED IN MISSILES
TABLE 11 TECHNOLOGY ANALYSIS FOR SEEKERS USED IN MISSILES
TABLE 12 TECHNOLOGY ANALYSIS FOR PROPULSION SYSTEMS USED IN MISSILES
TABLE 13 TECHNOLOGY ANALYSIS FOR BATTERIES USED IN MISSILES
TABLE 14 TECHNOLOGY ANALYSIS FOR LAUNCHERS USED TO LAUNCH MISSILES
TABLE 15 GOVERNMENT BODIES IN INDIAN MISSILE MARKET
TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%)
TABLE 17 KEY BUYING CRITERIA, BY END USER
TABLE 18 DRDO INDUSTRY ACADEMIA CENTRES OF EXCELLENCE (DIA-COES)
TABLE 19 ROLE OF COMPANIES IN ECOSYSTEM
TABLE 20 DRDO LABORATORIES
TABLE 21 R&D FOCUS OF PUBLIC SECTOR UNITS
TABLE 22 R&D FOCUS OF PRIVATE COMPANIES
TABLE 23 R&D LABS AND MANUFACTURERS OF KEY MISSILE PROGRAMS IN INDIA
TABLE 24 INDIAN MADE MISSILE PRODUCTION CAPACITY
TABLE 25 INITIATIVES/STRATEGIES ADOPTED BY KEY PLAYERS MISSILE MANUFACTURERS, 2024
TABLE 26 STRATEGIC PILLARS OF INDIA'S PUBLIC AND PRIVATE MISSILE AND MISSILE COMPONENT PROVIDERS
TABLE 27 INDIA MISSILE MARKET: DEALS, AUGUST 2020–MARCH 2025
TABLE 28 INDIA MISSILE MARKET: OTHER DEVELOPMENTS, AUGUST 2020–MARCH 2025
TABLE 29 INDIAN MISSILE ADDRESSABLE MARKET, BY TYPE, 2021–2024 (INR CRORE)
TABLE 30 INDIAN MISSILE ADDRESSABLE MARKET, BY TYPE, 2025–2030 (INR CRORE)
TABLE 31 INDIAN MISSILE ADDRESSABLE MARKET, BY SURFACE-TO-SURFACE MISSILE, 2021–2024 (INR CRORE)
TABLE 32 INDIAN MISSILE ADDRESSABLE MARKET, BY SURFACE-TO-SURFACE MISSILE, 2025–2030 (INR CRORE)
TABLE 33 INDIAN CRUISE MISSILES
TABLE 34 INDIAN MISSILE ADDRESSABLE MARKET, BY CRUISE MISSILE, 2021–2024 (INR CRORE)
TABLE 35 INDIAN MISSILE ADDRESSABLE MARKET, BY CRUISE MISSILE, 2025–2030 (INR CRORE)
TABLE 36 INDIAN BALLISTIC MISSILES
TABLE 37 INDIAN MISSILE ADDRESSABLE MARKET, BY BALLISTIC MISSILE, 2021–2024 (INR CRORE)
TABLE 38 INDIAN MISSILE ADDRESSABLE MARKET, BY BALLISTIC MISSILE, 2025–2030 (INR CRORE)
TABLE 39 INDIAN MISSILE ADDRESSABLE MARKET, BY SURFACE-TO-AIR MISSILES, 2021–2024 (INR CRORE)
TABLE 40 INDIAN MISSILE ADDRESSABLE MARKET, BY SURFACE-TO-AIR MISSILES, 2025–2030 (INR CRORE)
TABLE 41 MOBILE AIR DEFENCE INTERCEPTORS
TABLE 42 MAN-PORTABLE AIR DEFENCE INTERCEPTORS
TABLE 43 INDIAN MISSILE ADDRESSABLE MARKET, BY AIR-TO-AIR MISSILES, 2021–2024 (INR CRORE)
TABLE 44 INDIAN MISSILE ADDRESSABLE MARKET, BY AIR-TO-AIR MISSILES, 2025–2030 (INR CRORE)
TABLE 45 WITHIN VISUAL RANGE AIR-TO-AIR MISSILES
TABLE 46 BEYOND VISUAL RANGE AIR-TO-AIR MISSILES
TABLE 47 INDIAN MISSILE ADDRESSABLE MARKET, BY AIR-TO-SURFACE MISSILES, 2021–2024 (INR CRORE)
TABLE 48 INDIAN MISSILE ADDRESSABLE MARKET, BY AIR-TO-SURFACE MISSILES, 2025–2030 (INR CRORE)
TABLE 49 GROUND ATTACK MISSILES
TABLE 50 ANTI-TANK AIR-TO-SURFACE MISSILE
TABLE 51 ANTI-SHIP AIR-TO-SURFACE MISSILES
TABLE 52 INDIAN MISSILE ADDRESSABLE MARKET, BY SUBSEA-TO-SURFACE MISSILES, 2021–2024 (INR CRORE)
TABLE 53 INDIAN MISSILE ADDRESSABLE MARKET, BY SUBSEA-TO-SURFACE MISSILES, 2025–2030 (INR CRORE)
TABLE 54 SUBMARINE-LAUNCHED BALLISTIC MISSILE (SLBM)
TABLE 55 SUBMARINE-LAUNCHED CRUISE MISSILES (SLCMS)
TABLE 56 INDIAN MISSILE ADDRESSABLE MARKET, BY COMPONENT, 2021–2024 (INR CRORE)
TABLE 57 INDIAN MISSILE ADDRESSABLE MARKET, BY COMPONENT, 2025–2030 (INR CRORE)
TABLE 58 MISSILE AIRFRAME COMPONENTS OVERVIEW
TABLE 59 MISSILE GUIDANCE, NAVIGATION & CONTROL (GNC) COMPONENTS OVERVIEW
TABLE 60 INDIAN MISSILE ADDRESSABLE MARKET, BY GUIDANCE, NAVIGATION & CONTROL, 2021–2024 (INR CRORE)
TABLE 61 INDIAN MISSILE ADDRESSABLE MARKET, BY GUIDANCE, NAVIGATION & CONTROL, 2025–2030 (INR CRORE)
TABLE 62 MISSILE PROPULSION SYSTEM OVERVIEW
TABLE 63 INDIAN MISSILE ADDRESSABLE MARKET, BY PROPULSION SYSTEM, 2021–2024 (INR CRORE)
TABLE 64 INDIAN MISSILE ADDRESSABLE MARKET, BY PROPULSION SYSTEM, 2025–2030 (INR CRORE)
TABLE 65 MISSILE WARHEAD SECTION OVERVIEW
TABLE 66 INDIAN MISSILE ADDRESSABLE MARKET, BY WARHEAD SECTION, 2021–2024 (INR CRORE)
TABLE 67 INDIAN MISSILE ADDRESSABLE MARKET, BY WARHEAD SECTION, 2025–2030 (INR CRORE)
TABLE 68 MISSILE POWER SUPPLY OVERVIEW
TABLE 69 INDIAN MISSILE ADDRESSABLE MARKET, BY POWER SUPPLY, 2021–2024 (INR CRORE)
TABLE 70 INDIAN MISSILE ADDRESSABLE MARKET, BY POWER SUPPLY, 2025–2030 (INR CRORE)
TABLE 71 INDIAN MISSILE ADDRESSABLE MARKET, BY SPEED, 2021–2024 (INR CRORE)
TABLE 72 INDIAN MISSILE ADDRESSABLE MARKET, BY SPEED, 2025–2030 (INR CRORE)
TABLE 73 SUBSONIC MISSILE USED BY INDIAN ARMED FORCES
TABLE 74 SUPERSONIC MISSILE USED BY INDIAN ARMED FORCES
TABLE 75 HYPERSONIC MISSILE USED BY INDIAN ARMED FORCES
TABLE 76 INDIAN MISSILE ADDRESSABLE MARKET, BY SALES CHANNEL, 2021–2024 (INR CRORE)
TABLE 77 INDIAN MISSILE ADDRESSABLE MARKET, BY SALES CHANNEL, 2025–2030 (INR CRORE)
TABLE 78 INDIGENOUS DESIGNED, DEVELOPED, AND MANUFACTURED MISSILES
TABLE 79 FOREIGN-DESIGNED BUT ASSEMBLED IN INDIA MISSILES
TABLE 80 IMPORTED MISSILES IN INDIA
TABLE 81 INDIAN MISSILE ADDRESSABLE MARKET, BY END USER, 2021–2024 (INR CRORE)
TABLE 82 INDIAN MISSILE ADDRESSABLE MARKET, BY END USER, 2025–2030 (INR CRORE)
TABLE 83 MISSILES USED BY INDIAN ARMY
TABLE 84 MISSILES USED BY INDIAN NAVY
TABLE 85 MISSILES USED BY INDIAN AIR FORCE
TABLE 86 BHARAT DYNAMICS LIMITED: COMPANY OVERVIEW
TABLE 87 BHARAT DYNAMICS LIMITED: PRODUCTS OFFERED
TABLE 88 BHARAT DYNAMICS LIMITED: DEALS
TABLE 89 BHARAT DYNAMICS LIMITED: OTHER DEVELOPMENTS
TABLE 90 BRAHMOS AEROSPACE PRIVATE LIMITED: COMPANY OVERVIEW
TABLE 91 BRAHMOS AEROSPACE PRIVATE LIMITED: PRODUCTS OFFERED
TABLE 92 BRAHMOS AEROSPACE PRIVATE LIMITED: DEALS
TABLE 93 BRAHMOS AEROSPACE PRIVATE LIMITED: OTHER DEVELOPMENTS
TABLE 94 ADANI DEFENCE AND AEROSPACE: COMPANY OVERVIEW
TABLE 95 ADANI DEFENCE AND AEROSPACE: PRODUCTS OFFERED
TABLE 96 ADANI DEFENCE AND AEROSPACE: DEALS
TABLE 97 ADANI DEFENCE AND AEROSPACE: OTHER DEVELOPMENTS
TABLE 98 L&T MBDA MISSILE SYSTEMS LIMITED: COMPANY OVERVIEW
TABLE 99 L&T MBDA MISSILE SYSTEMS LIMITED: PRODUCTS OFFERED
TABLE 100 VEM TECHNOLOGIES PVT. LTD.: COMPANY OVERVIEW
TABLE 101 VEM TECHNOLOGIES PVT. LTD.: PRODUCTS OFFERED
TABLE 102 VEM TECHNOLOGIES PVT. LTD.: OTHER DEVELOPMENTS
TABLE 103 SOLAR GROUP: COMPANY OVERVIEW
TABLE 104 SOLAR GROUP: PRODUCTS OFFERED
TABLE 105 SOLAR GROUP: DEALS
TABLE 106 SOLAR GROUP: OTHER DEVELOPMENTS
TABLE 107 PREMIER EXPLOSIVES: COMPANY OVERVIEW
TABLE 108 PREMIER EXPLOSIVES: PRODUCTS OFFERED
TABLE 109 PREMIER EXPLOSIVES: DEALS
TABLE 110 WALCHANDNAGAR INDUSTRIES LTD. (WIL): COMPANY OVERVIEW
TABLE 111 WALCHANDNAGAR INDUSTRIES LTD. (WIL): PRODUCTS OFFERED
TABLE 112 KALYANI RAFAEL ADVANCED SYSTEMS PVT. LTD.: COMPANY OVERVIEW
TABLE 113 KALYANI RAFAEL ADVANCED SYSTEMS PVT. LTD.: PRODUCTS OFFERED
TABLE 114 KALYANI RAFAEL ADVANCED SYSTEMS PVT. LTD.: OTHER DEVELOPMENTS
TABLE 115 BHARAT ELECTRONICS LIMITED (BEL): COMPANY OVERVIEW
TABLE 116 BHARAT ELECTRONICS LIMITED (BEL): PRODUCTS OFFERED
TABLE 117 BHARAT ELECTRONICS LIMITED (BEL): DEALS
TABLE 118 BHARAT ELECTRONICS LIMITED (BEL): OTHER DEVELOPMENTS
TABLE 119 ASTRA MICROWAVE PRODUCTS LTD.: COMPANY OVERVIEW
TABLE 120 ASTRA MICROWAVE PRODUCTS LTD.: PRODUCTS OFFERED
TABLE 121 GODREJ & BOYCE MFG CO. LIMITED.: COMPANY OVERVIEW
TABLE 122 GODREJ & BOYCE MFG CO. LIMITED: PRODUCTS OFFERED
TABLE 123 CENTUM: COMPANY OVERVIEW
TABLE 124 CENTUM: PRODUCTS OFFERED
TABLE 125 CENTUM: DEALS
TABLE 126 HIGH ENERGY BATTERIES (INDIA) LIMITED: COMPANY OVERVIEW
TABLE 127 HIGH ENERGY BATTERIES (INDIA) LIMITED: PRODUCTS OFFERED
TABLE 128 KINECO LIMITED: COMPANY OVERVIEW
TABLE 129 KINECO LIMITED: PRODUCTS OFFERED
TABLE 130 DATA PATTERNS (INDIA) LTD.: COMPANY OVERVIEW
TABLE 131 DATA PATTERNS (INDIA) LTD.: PRODUCTS OFFERED
TABLE 132 HINDUSTAN AERONAUTICS LIMITED: COMPANY OVERVIEW
TABLE 133 HINDUSTAN AERONAUTICS LIMITED: PRODUCTS OFFERED
TABLE 134 PARAS DEFENCE AND SPACE TECHNOLOGIES: COMPANY OVERVIEW
TABLE 135 PARAS DEFENCE AND SPACE TECHNOLOGIES: PRODUCTS OFFERED
TABLE 136 TATA ADVANCED SYSTEMS LIMITED: COMPANY OVERVIEW
TABLE 137 TATA ADVANCED SYSTEMS: PRODUCTS OFFERED
TABLE 138 RATHI AEROSPACE LABS: COMPANY OVERVIEW
TABLE 139 RATHI AEROSPACE LABS: PRODUCTS OFFERED
TABLE 140 APOLLO MICRO SYSTEMS LIMITED: COMPANY OVERVIEW
TABLE 141 APOLLO MICRO SYSTEMS LIMITED: PRODUCTS OFFERED
TABLE 142 APOLLO MICRO SYSTEMS LIMITED: OTHER DEVELOPMENTS
TABLE 143 REVATHI ENGINEERING: COMPANY OVERVIEW
TABLE 144 REVATHI ENGINEERING: PRODUCTS OFFERED
TABLE 145 BEML LIMITED: COMPANY OVERVIEW
TABLE 146 BEML: PRODUCTS OFFERED
TABLE 147 BEML: DEALS
TABLE 148 CORE CARBIDE TOOLS: COMPANY OVERVIEW
TABLE 149 CORE CARBIDE TOOLS: PRODUCTS OFFERED
TABLE 150 RENEWABLE ENERGY SYSTEMS LTD.: COMPANY OVERVIEW
TABLE 151 RENEWABLE ENERGY SYSTEMS LTD.: PRODUCTS OFFERED
TABLE 152 SASMOS HET TECHNOLOGIES LIMITED: COMPANY OVERVIEW
TABLE 153 SASMOS HET TECHNOLOGIES LIMITED: PRODUCTS OFFERED
TABLE 154 MTAR TECHNOLOGIES LIMITED: COMPANY OVERVIEW
TABLE 155 MTAR TECHNOLOGIES LIMITED: PRODUCTS OFFERED
TABLE 156 INDIAN MISSILE MARKET: LAUNDRY LIST OF ALL MAPPED COMPANIES
LIST OF FIGURES ((54 LIST OF FIGURE)
FIGURE 1 SURFACE-TO-SURFACE TO BE LARGEST SEGMENT IN 2025
FIGURE 2 GUIDANCE, NAVIGATION, AND CONTROL SEGMENT TO LEAD MARKET IN 2025
FIGURE 3 HYPERSONIC SEGMENT TO BE FASTEST-GROWING DURING FORECAST PERIOD
FIGURE 4 FOREIGN-DESIGNED BUT ASSEMBLED IN INDIA MISSILES TO BE DOMINANT IN 2025
FIGURE 5 ARMY SEGMENT TO LEAD MARKET IN 2030
FIGURE 6 ADVANCEMENTS IN INDIGENOUS MANUFACTURING TO DRIVE MARKET
FIGURE 7 SURFACE-TO-SURFACE SEGMENT TO DOMINATE IN 2025
FIGURE 8 GUIDANCE, NAVIGATION, AND CONTROL SEGMENT TO DOMINATE DURING FORECAST PERIOD
FIGURE 9 SUPERSONIC TO BE LARGEST SEGMENT IN 2025
FIGURE 10 ARMY TO BE LARGEST END USER IN 2025
FIGURE 11 INDIAN MISSILE ADDRESSABLE MARKET SEGMENTATION
FIGURE 12 RESEARCH DESIGN MODEL
FIGURE 13 RESEARCH DESIGN
FIGURE 14 BOTTOM-UP APPROACH
FIGURE 15 TOP-DOWN APPROACH
FIGURE 16 DATA TRIANGULATION
FIGURE 17 INDIAN MISSILE ADDRESSABLE MARKET DYNAMICS
FIGURE 18 GLOBAL ARMS IMPORT, BY COUNTRY, 2020–2024
FIGURE 19 INDIAN ARMS IMPORT AS PERCENTAGE OF GLOBAL IMPORT, 2014–2024
FIGURE 20 INDIAN DEFENCE BUDGET, 2021–2025 (INR LAKH CRORE)
FIGURE 21 BIFURCATION OF DEFENCE BUDGET OF INDIA, 2024
FIGURE 22 INDIAN DEFENCE EXPORT, 2019–2024 (INR CRORE)
FIGURE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER
FIGURE 24 KEY BUYING CRITERIA, BY END USER
FIGURE 25 INDIAN MISSILE SUPPLY CHAIN ANALYSIS
FIGURE 26 DEFENCE MANUFACTURING HUBS ACROSS INDIA
FIGURE 27 ECOSYSTEM ANALYSIS
FIGURE 28 VALUE CHAIN ANALYSIS
FIGURE 29 MISSILES COMPONENT SUPPLIER ANALYSIS – KEY INTEGRATORS
FIGURE 30 MARKET SHARE OF KEY MISSILE MANUFACTURERS IN INDIA, 2024
FIGURE 31 MISSILE AIRFRAME SUPPLIERS
FIGURE 32 MISSILE PROPULSION SYSTEM SUPPLIERS
FIGURE 33 MISSILE GNC SUPPLIERS
FIGURE 34 MISSILE WARHEAD SUPPLIER ANALYSIS
FIGURE 35 MISSILE POWER SUPPLY SYSTEM SUPPLIER ANALYSIS
FIGURE 36 COMPONENT-LEVEL SUPPLIER MAPPING ACROSS MAJOR INDIAN MISSILE PROGRAMS
FIGURE 37 INDIAN MISSILE ADDRESSABLE MARKET, BY TYPE, 2024–2030 (INR CRORE)
FIGURE 38 GUIDANCE, NAVIGATION & CONTROL SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
FIGURE 39 HYPERSONIC TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
FIGURE 40 FOREIGN-DESIGNED BUT ASSEMBLED IN INDIA TO BE DOMINANT SEGMENT DURING FORECAST PERIOD
FIGURE 41 ARMY SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
FIGURE 42 BHARAT DYNAMICS LIMITED: COMPANY SNAPSHOT
FIGURE 43 SOLAR GROUP: COMPANY SNAPSHOT
FIGURE 44 PREMIER EXPLOSIVES: COMPANY SNAPSHOT
FIGURE 45 WALCHANDNAGAR INDUSTRIES LTD.(WIL): COMPANY SNAPSHOT
FIGURE 46 BHARAT ELECTRONICS LIMITED (BEL): COMPANY SNAPSHOT
FIGURE 47 CENTUM: COMPANY SNAPSHOT
FIGURE 48 HIGH ENERGY BATTERIES (INDIA) LIMITED: COMPANY SNAPSHOT
FIGURE 49 DATA PATTERNS (INDIA) LTD.: COMPANY SNAPSHOT
FIGURE 50 HINDUSTAN AERONAUTICS LIMITED: COMPANY SNAPSHOT
FIGURE 51 PARAS DEFENCE AND SPACE TECHNOLOGIES: COMPANY SNAPSHOT
FIGURE 52 APOLLO MICRO SYSTEMS LIMITED: COMPANY SNAPSHOT
FIGURE 53 BEML: COMPANY SNAPSHOT
FIGURE 54 MTAR TECHNOLOGIES LIMITED: COMPANY SNAPSHOT
Request for detailed methodology, assumptions & how numbers were triangulated.
Growth opportunities and latent adjacency in India Missile Market