New Delhi, December 2 (IANS). India’s defense technology market is projected to grow from $7.6 billion in 2025 to $19 billion in 2030, showing a CAGR growth of 20 percent. This information was given in a report on Tuesday.
Staffing and workforce solutions Quess Corp’s report said technology-led systems will grow to 50 per cent of India’s overall defense market by 2030, reflecting a major shift from platform-driven development to advanced engineering and digital capability building.
According to the report, there is strong momentum in computer vision, autonomous systems, counter-drone technology, underwater robotics, advanced sensors, directed energy research and software led mission systems, which is being supported by more than 1000 defence-tech startups and 194 firms linked through the innovation programme.
The report said momentum is strong in computer vision, autonomous systems, anti-drone technologies, underwater robotics, advanced sensors, directed-energy research and software-driven mission systems, which are being fueled by more than 1,000 defense-tech startups and 194 firms linked through innovation programs.
The report also highlights significant shortages in specialized engineering roles such as radar engineering, radio frequency engineering, avionics, propulsion, optical engineering, quantum communication systems, systems integration, test and validation, and certification.
These roles currently account for less than 5 percent of the defense workforce and can create disruptions in aircraft development, unmanned systems, naval projects and secure communications networks.
Among defence-tech startups, 71 per cent of total start-up funding goes towards counter-drone solutions, the fastest growing segment of India’s defense innovation ecosystem. The counter-drone market is projected to grow at a CAGR of 17 percent to reach $1.4 billion by 2029.
Kapil Joshi, IT Staffing CEO at Quess Corp, said the next five years are extremely important for India to become a global systems leader. “Expanding defense-ready AI and frontier engineering talent by 5-6 times is both an industry need and a national imperative.”
–IANS
SKT/