India’s aerospace sector is rapidly expanding, fueled by major Western manufacturers like Airbus, Rolls-Royce, Collins Aerospace, and Pratt & Whitney increasingly sourcing parts from the country. Bengaluru-based companies such as Hical Technologies and JJG Aero are benefiting from this shift. Hical, a supplier to Raytheon Technology and Boeing, plans to double its aerospace division’s revenue to $57.57 million in three years. Meanwhile, JJG Aero has grown from $2 million to $20 million in revenue over the past six years.
This growth is part of a broader aerospace surge in the Asia-Pacific region, projected to see a 54% revenue increase by 2024 compared to 2019. The shift is driven by supply chain challenges and rising demand for air travel. Rolls-Royce, for example, plans to double its sourcing from India within five years to support its growing engine volumes.
India, the world’s third-largest aviation market, is seeing higher demand for maintenance services and parts as local firms move beyond basic manufacturing into design, engineering, and system integration. Airbus, for instance, has awarded Indian suppliers multiple contracts, with India contributing over €1 billion to its global supply chain.
Industry leaders are optimistic about India’s future role in the global aerospace market, with the Aerospace India Association aiming for a 10% market share by 2033. Efforts to boost local sourcing of raw materials like aluminum, steel, and titanium are key to further growth.
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