India Rocket and Missile Market

The Indian rocket and missile market is driven by advancements in indigenous defense capabilities, successful test programs, and increased investments in strategic missile technologies.

India's rocket and missile market is experiencing robust growth driven by the country’s increasing focus on defense modernization and indigenous manufacturing. The Indian government has an emphasis on self-reliance through the Make in India initiative. This has played a pivotal role in fostering this growth. Enhanced budget allocations for defense and policy reforms are encouraging private sector participation in the market. This has significantly boosted production capacities and technological advancements in India. In July 2024, the Defence Research and Development Organisation (DRDO) successfully tested the Phase-II Ballistic Missile Defence (BMD) system which is capable of intercepting ballistic missiles with ranges up to 5,000 km. Additionally, India also launched the Agni-4 ballistic missile in September 2024 under the Strategic Forces Command, demonstrating operational readiness and strengthening its deterrence posture against regional threats.

Key players, including Bharat Dynamics Limited (BDL), and Defence Research and Development Organisation (DRDO), are expanding their R&D activities to develop next-generation missile systems. The successful test of the Nirbhay cruise missile in May 2024, powered by the "Manik" turbofan engine, exemplifies India's focus on advancing its cruise missile capabilities. With a strike range of 1,000 km, Nirbhay is set to be complemented by a long-range land-attack cruise missile and is anticipated to be tested by 2028. This initiative aligns with India's defense strategy and enhances its capabilities alongside the BrahMos missile, cementing its position as a regional missile power.

India’s investments in indigenous defense capabilities and successful missile test programs have positioned the country as a key player in the regional defense landscape. By focusing on advanced technologies and expanding manufacturing capabilities, India is enhancing its deterrence and operational readiness to address evolving threats. Furthermore, the government’s initiatives to integrate private sector contributions and global partnerships are fostering innovation in propulsion systems, long-range strike capabilities, and missile defense systems. These advancements underline India’s commitment to maintaining a competitive edge in the global missile market and ensuring strategic self-reliance.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com