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Hindustan Aeronautics to invest Rs 2000 cr on R&D for avionics

The HAL will also showcase its rich legacy in the design, development and production of a diverse range of avionics systems at Avionics Expo 2023 in Delhi on December 7 and 8.Read more

Global aerospace parts market to grow at CAGR of 3.7%: Report

The global aerospace parts market - estimated at $ 900.75 billion in 2021, is expected to grow at a CAGR of 3.7% during 2021-2030 forecast period, according to Quince Market InsightsRead more

“There is no dearth of opportunity in aerospace sector”

Since decades, Indian aerospace sector has been importing everything from nuts and bolts to complete equipment and platforms. With government focusing on indigenisation of aerospace & defense (A&D), the sector offers lots of opportunities to Indian manufacturers, especially SMEs.Read more

The surge in avionics

Increase in the number of aircraft deliveries and rise in military aircraft spending by emerging economies are expected to drive the avionics market. T he avionics market is projected to grow from USD 62.22 billion in 2016 to USD 92.85 billion by 2022, at a Compound annual growth rate (CAGR) of 6.90 per cent. On the other hand, regulatory framework pertaining to avionics subsystems act as one of the major restraints for the avionics market.Read more

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