In 2023, India's export of aircraft parts stood at 2.07 billion USD. Forecasts from 2024 to 2028 show progressive growth: 2.1356 billion USD in 2024, 2.207 billion USD in 2025, 2.277 billion USD in 2026, 2.3456 billion USD in 2027, and 2.4128 billion USD in 2028. The year-on-year variations show:
- 2024: 3.15%
- 2025: 3.34%
- 2026: 3.17%
- 2027: 3.01%
- 2028: 2.87%
From 2024 to 2028, the compound annual growth rate (CAGR) is approximately 2.9%. This indicates a steady growth trajectory.
Future trends to watch for include advancements in aerospace technology, governmental policies favoring domestic manufacturing and exports, and the global demand for sustainable, next-generation aircraft parts. Additionally, partnerships with major global aerospace companies could further boost India's export capabilities.
