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India's Aerospace Industry Soars as Global Giants Expand Parts Sourcing
Global aerospace giants like Airbus, Rolls-Royce & Pratt & Whitney are increasing parts sourcing from India, fueling growth for local suppliers like Hical Technologies & JJG Aero.
ND
by News Desk
2025-02-17
India's Aerospace Industry Soars as Global Giants Expand Parts Sourcing

India’s aerospace industry is witnessing rapid growth, driven by major global companies such as Airbus, Rolls-Royce, Collins Aerospace, and Pratt & Whitney, who are expanding parts sourcing from the country. This surge is transforming India into a key player in the global aerospace supply chain, helping local firms elevate their capabilities.

Bengaluru-based suppliers like Hical Technologies and JJG Aero are riding the wave of growth. Hical Technologies, a supplier to Raytheon Technologies and Boeing, has set ambitious targets, aiming to double its aerospace division revenue to ₹5 billion ($57.57 million) within the next three years. Meanwhile, JJG Aero has grown exponentially, moving from $2 million to $20 million in just six years.

The surge in demand is part of a broader aerospace boom in the Asia-Pacific region, with 2024 revenue projected to be 54% higher than 2019 levels. In contrast, North America and Europe have seen only modest growth, according to Accenture Research.

As demand for air travel continues to rise, leading aircraft and engine manufacturers are facing supply chain challenges. Huw Morgan, senior vice president for aerospace procurement at Rolls-Royce, recently stated, “India is the best solution to supply chain challenges,” highlighting the country’s competitive cost market and production capabilities. Rolls-Royce plans to double sourcing from India in the next five years.

India, already one of the largest aircraft buyers globally, contributes just 1% to the $180 billion global aerospace supply chain. However, this is expected to change rapidly as Indian firms move beyond basic manufacturing to high-value work, including design, engineering, and system integration.

Airbus has also awarded a second aircraft door contract to Indian suppliers in 2024, contributing significantly to the supply chain. Michel Narchi, head of international operations at Airbus, revealed that every commercial Airbus aircraft now includes components made in India, with the company aiming to double its sourcing from India in the coming years.

The growth in India’s aerospace sector is not just about manufacturing; it’s also about innovation and value addition. The Indian government is actively working to boost local sourcing of raw materials such as aluminum, steel, and titanium, which will eventually lead to the certification of designs by Indian suppliers.

The Aerospace India Association (AIA), which represents both Indian and global aerospace firms, estimates that India’s aerospace industry will capture 10% of the global supply chain market within the next decade, with the global market projected to reach $250 billion annually by 2033.

With the increasing capabilities of Indian firms and their growing presence in global supply chains, the country’s aerospace industry is well-positioned to become a key hub for innovation and manufacturing in the coming years.
Tagged:

india

Airbus

AviationIndustry

Aerospace

RollsRoyce

PrattAndWhitney
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