Aerospace ER&D: India – Strategic partnership role

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Aerospace ER&D: India – Strategic partnership role

Major Trends in Aerospace

Overview

By 2020, offshored ER&D market for aerospace sector will be between USD 4.5-5 billion. India is set to garner anywhere between 40-50 per cent of this market (USD 2.0-2.5 billion). Key drivers include lowering cost, reduced time-to-market and shared-risk model. A key opportunity for India based players is the increased demand for local engineering support, as APAC is set to become an aviation hub.

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Key Findings

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