69 – CRI Report

Private Sector Participation in Indian Defense Industry 2020

admin — Sat, 12 Sep 2020 05:26:54 +0000

In May 2001, the Indian defense sector, which was only reserved for the public sector, was allowed 100% participation by the Indian private sector, bound by licensing. Since then, the Government of India has taken initiatives to achieve higher levels of indigenization and self-reliance in the defense sector, by harnessing the capabilities of public and private sector industries in the country.
In order to further encourage procurement from local Indian suppliers, in May 2020, the central government issued a Public Procurement Policy to encourage the Make in India initiative, and promote manufacturing and production of goods and services indigenously in India. As a part of the Aatmanirbhar Bharat Abhiyan, initiated by the Government of India in June 2020, the Indian defense ministry has proposed to ban the import of defense weapons that can be indigenously manufactured. These steps by the government are expected to boost private sector participation in the defense manufacturing industry

Market insights:

Indian companies’ share in the total value of contracts awarded by the Indian Union Defence Ministry for the procurement of defense equipment has increased steadily over the last five years, and stands at ~75.03% in FY 2020 (as of January 2020). According to the Ministry of Defence, over the last four years, from FY 2016 to FY 2020 (up to January 2020), a total of 158 contracts were signed with Indian vendors, which include private sector defense manufacturers/MSMEs/SMEs and start-ups, against 100 contracts with foreign vendors for the capital procurement of defense equipment for the armed forces.
In July 2020, the Indian Defence Acquisition Council (DAC) approved an amount of INR 389 Bn for the capital acquisition of various platforms and equipment required by the Indian Armed Forces. The DAC has announced that, focusing on indigenous design and development, INR 311.3 Bn worth of equipment acquisitions, out of INR 389 Bn, will be obtained from the domestic defense manufacturing companies, while the rest will be acquired from global OEMs. Several Indian MSMEs will be the prime tier vendors in this manufacturing project, along with other major government defense organizations.

Orders placed, over the last five years, by the Indian Ministry of Defence to private sector defense manufacturing vendors such as Titagarh Wagons Ltd., Force Motors Pvt. Ltd., TATA Power SED, Tech Mahindra Ltd., TATA Motor Ltd., Ashok Leyland Ltd, Bharat Forge Ltd, MKU Ltd, SMPP Delhi, and Alpha Design include items like 1,000 tons of fuel barges, light strike vehicles, portable diver detection sonar (PDDS), RFID-based SMART Card, 6×6 and 8×8 High mobility vehicle with material handling crane, dual technology mine detector, ballistic helmet, bullet proof jacket (BPJ), and integrated gunnery.

Impact of COVID-19:

The Indian defense industry witnessed a slackened growth momentum, owing to the restrictions in global trade following the outbreak of COVID-19 in the country. Imposition of a strict nationwide lockdown from March 24th to May 31st 2020, had halted the production/service cycle, disrupting the supply chain, and eventually impacting company inventories in the Indian defense manufacturing industry. According to the Indian Ministry of Defence, Indian defense companies have suffered a loss of around INR 225 Bn worth of potential revenue during the nationwide lockdown period. However, the Indian Ministry of Defence has announced financial packages and reforms to strengthen the MSME sector and generate employment. Corporatization of the Ordnance Factory Board (OFB), indigenization of imported spares, and setting up of realistic qualitative requirements for weapons to support local industries are other measures taken by the government to revive the Indian defense industry, post the pandemic.

Challenges faced by private sector Indian defense manufacturing companies:

India has failed to attract substantial private sector investments in the defense manufacturing sector. This has happened mainly due to delays in taking decisions on the part of the government, placing unsystematic orders, canceling tenders, and placing of unreasonable qualitative requirements by the Indian Armed Forces. Many Indian private companies had invested in enhancing their defense production capabilities with a view to receive government support and orders, but have been left disappointed. In May 2020, Tonbo Imaging, a private sector defense equipment manufacturing start-up, wrote an open letter to the current Prime Minister of India, highlighting the cancelation of orders and delays in making payments by the government.

Companies covered:

• Reliance Naval and Engineering Limited
• Kalyani Strategic Systems Limited
• L&T Defence
• TATA Advanced Systems Limited
• TATA Power Strategic Engineering Division (SED)
• Axio Biosolutions Private Limited
• CRON Systems Private Limited
• ideaForge Technology Private Limited
• Tonbo Imaging Private Limited
• Viz Experts India Private Limited

The post Private Sector Participation in Indian Defense Industry 2020 first appeared on CRI Report.

Global Tilt Sensor Market Analysis & Forecast 2017 To 2023

admin — Fri, 17 Aug 2018 09:04:00 +0000

TITLE Category Report Type PAGES 1-User PDF Enterprise PDF Publish Month Continents
Global Tilt Sensor Market Research Report- Forecast 2023 SEM HCRR 100 4450 8250 August Global

Global Tilt Sensor Market, By Type (Optical, Proportional) By End-users (Gaming, Mining & Construction, Automotive) – Forecast 2023
Market Synopsis of Global Tilt Sensor Market:
Market Scenario:
Tilt sensors can be explained as a device which helps to produce an electrical signal in an angular manner. The sensors provides information about the vertical as well as horizontal inclination of the device so that it can easily understand how to tackle the obstacles. Tilt sensors plays a vital role in various applications for instance, to understand how to assist the driver while turning the steering of the vehicle.
The global tilt sensor market is a very dynamic market and is expected to witness stable growth over the forecast period. The growth of the tilt sensor market is influenced by the increasing usage of tilt sensors in the construction & mining equipment’s, high implementation of these sensors in the gaming sectors and increasing adoption of non-metallic materials in different end-users industries. Furthermore, high implementation of tilt sensors MEMS technology in tilt sensors is expected to boost the growth over the forecast period. However, the complexity of technologies and high costs are the factors hindering the growth of the tilt sensor market.
The global tilt sensor market is estimated to grow from USD 167.66 million in 2017 to USD 257.64 million by 2023, growing at a CAGR of 7.42% from 2017 to 2023.
Objective Study of Tilt Sensor Market:
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global tilt sensor market.
• To provide insights about factors affecting the market growth.
• To analyze the global tilt sensor market based porter’s five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
• To provide country level analysis of the market with respect to the current market size and future prospective.
• To provide country level analysis of the market for segment by type, end-users and region.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Tilt Sensor market.
Segments
For the purpose of this study, Market Research Future has segmented the market of Tilt Sensor into type, end-users and region.
Type-
• Switch Based Tilt Sensors
• Proportional Tilt Sensors
• Optical Tilt Sensor
End-users-
• Mining
• Construction
• Automobile
• Transportation
• Robotics
• Gaming
• Aviation
• Others
Region
• North-America
• Europe
• Asia-Pacific
• RoW
Key Players
The key players in the global tilt sensor market include- Pepperl+Fuchs Vertrieb GmbH & Co. KG (Germany), TE Connectivity Ltd. (Switzerland), MEMSIC, Inc (U.S.), SICK AG (Germany), Murata Manufacturing Co., Ltd. (Japan), Level Developments Ltd. (UK), Spectron Sensors (U.S.), Tamagawa seiki Co,.Ltd (Japan), The Fredericks Company (U.S.) among others.
Regional Analysis-
North America is the leading economy in tilt sensor market followed by Europe. However, Asia-Pacific is the fastest growing economy in the market majorly due to growing automotive sector and increasing demand from the construction sector. Also, Middle East & Africa has a slow economic growth.
In 2017, North America is estimated to generate the largest revenue of USD 53.23 million followed by Europe with USD 49.92 million generated in 2017. This trend is projected to change by 2023, where Asia-pacific would raise its revenue to USD 78.92 million from USD 46.48 million in year 2017. Asia-Pacific is predicted to show a high revenue growth at a CAGR of 9.22% from 2017 to 2023. Middle East & Africa is expected to grow with slow growth rate of 3.93% during forecast period 2017 to 2023.
Key Findings-
• Global Tilt Sensor market has reached USD 167.66 million in 2017 and is projected to exhibit USD 257.64 million by the end of 2023 with a growing CAGR of 7.42%.
• By type segment, the switch based tilt sensor segment among all is growing with a highest revenue value of USD 59.99 million in 2017 and it is estimated to reach USD 93.09 million by the end of 2023 and the segment is estimated to grow with CAGR of 7.60%
• By application segment, the Aviation segment accounted for the largest market share with a revenue of USD 29.71 million in 2017 and is estimated to reach USD 51.22 million by the end of 2023 with a CAGR of 9.50% over the forecast period.
• By region, in 2017, North America is estimated to generate the largest revenue of USD 53.23 million and expected to reach USD 83.53 million by 2023, with 7.80% CAGR followed by Europe. Asia-Pacific is growing with a CAGR of 9.22% thereby would increase its revenue from USD 46.48 million to USD 78.92 million by 2023.

Table of Contents

1 Introduction
1.1 Definition
1.2 Scope of the study
1.3 Assumptions
1.4 Market Structure
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
2.4.3 Market Crackdown & Data Triangulation
3 Market Dynamics
3.1 Introduction
3.2 Drivers
3.2.1 Increasing usage of tilt sensors in the mining & construction equipment’s
3.2.2 High implementation of these sensors in the gaming industry
3.2.3 Increasing adoption of non-metallic materials in different end-users industries
3.2.4 High implementation of MEMS technology in tilt sensors
3.3 Restraints
3.3.1 High cost of Force Balance based Tilt Sensors
3.3.2 Complexity of technologies
4 Executive Summary
5 Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.2 Supply Chain Analysis
6 Global Tilt Sensor Market, By Type
6.1 Introduction
6.2 Market Statistics :
6.2.1 Global Tilt Sensor Market, By Type
6.2.1.1 Switch Based Tilt Sensors
6.2.1.2 Proportional Tilt Sensors
6.2.1.3 Optical Based Tilt Sensor
7 Global Tilt Sensor Market, By Application
7.1 Introduction
7.2 Market Statistics :
7.2.1 Global Tilt Sensor Market, By Application
7.2.1.1 Mining
7.2.1.2 Construction
7.2.1.3 Automobile
7.2.1.4 Transport
7.2.1.5 Robotics
7.2.1.6 Gaming
7.2.1.7 Aviation
7.2.1.8 Others
8 Global Tilt Sensor Market, By Region
8.1 Introduction
8.2 Market by Sub-segment
8.2.1 North-America
8.2.2 Europe
8.2.3 Asia-Pacific
8.2.4 Rest of the World
9 Competitive Landscape
9.1 Market Share Analysis
10 Company Profile
10.1 TE Connectivity Ltd
10.1.1 Company Overview
10.1.2 Product/Solution Portfolio
10.1.3 Strategy
10.1.4 SWOT analysis
10.2 MEMSIC, Inc.
10.2.1 Company Overview
10.2.2 Product/Solution Portfolio
10.3 Sick AG
10.3.1 Company Overview
10.3.2 Product/Solution Portfolio
10.3.3 Strategy
10.3.4 SWOT Analysis
10.4 Pepperl+Fuchs Vertrieb GmbH & Co. KG
10.4.1 Company Overview
10.4.2 Product/Solution Portfolio
10.5 Level Developments Ltd
10.5.1 Company Overview
10.5.2 Product/Solution Portfolio
10.6 Spectron Sensors
10.6.1 Company Overview
10.6.2 Product/Solution Portfolio
10.7 Tamagawa Seiki Co,.Ltd
10.7.1 Company Overview
10.7.2 Product/Solution Portfolio
10.8 Murata Manufacturing Co., Ltd.
10.8.1 Company Overview
10.8.2 Product/Solution Portfolio
10.8.3 Strategy
10.8.4 SWOT Analysis
10.9 The Fredericks Company
10.9.1 Company Overview
10.9.2 Product/Solution Portfolio

List of Tables

TABLE 1 GLOBAL TILT SENSOR MARKET, BY TYPE, 2017-2023 (USD MILLION)
TABLE 2 GLOBAL SWITCH BASED TILT SENSOR MARKET, BY END-USERS, 2017-2023 (USD MILLION)
TABLE 3 GLOBAL PROPORTIONAL TILT SENSOR MARKET, BY END-USERS, 2017-2023 (USD MILLION)
TABLE 4 GLOBAL OPTICAL BASED TILT SENSOR MARKET, BY END-USERS, 2017-2023 (USD MILLION)
TABLE 5 GLOBAL TILT SENSOR MARKET, BY APPLICATION, 2017-2023 (USD MILLION)
TABLE 6 GLOBAL MINING TILT SENSOR MARKET, 2017-2023 (USD MILLION)
TABLE 7 GLOBAL MINING TILT SENSOR MARKET, BY REGION, 2017-2023 (USD MILLION)
TABLE 8 GLOBAL CONSTRUCTION TILT SENSOR MARKET, BY REGION, 2017-2023 (USD MILLION)
TABLE 9 GLOBAL CONSTRUCTION TILT SENSOR MARKET, BY REGION, 2017-2023 (USD MILLION)
TABLE 10 GLOBAL AUTOMOBILE TILT SENSOR MARKET, BY REGION, 2017-2023 (USD MILLION)
TABLE 11 GLOBAL AUTOMOBILE TILT SENSOR MARKET, BY REGION, 2017-2023 (USD MILLION)
TABLE 12 GLOBAL TRANSPORT TILT SENSOR MARKET, BY REGION, 2017-2023 (USD MILLION)
TABLE 13 GLOBAL TRANSPORT TILT SENSOR MARKET, BY REGION, 2017-2023 (USD MILLION)
TABLE 14 GLOBAL TRANSPORT TILT SENSOR MARKET, BY REGION, 2017-2023 (USD MILLION)
TABLE 15 GLOBAL ROBOTICS TILT SENSOR MARKET, BY REGION, 2017-2023 (USD MILLION)
TABLE 16 GLOBAL GAMING TILT SENSOR MARKET, BY REGION, 2017-2023 (USD MILLION)
TABLE 17 GLOBAL GAMING TILT SENSOR MARKET, BY REGION, 2017-2023 (USD MILLION)
TABLE 18 GLOBAL AVIATION TILT SENSOR MARKET, BY REGION, 2017-2023 (USD MILLION)
TABLE 19 GLOBAL AVIATION TILT SENSOR MARKET, BY REGION, 2017-2023 (USD MILLION)
TABLE 20 GLOBAL OTHERS TILT SENSOR MARKET, BY REGION, 2017-2023 (USD MILLION)
TABLE 21 GLOBAL OTHERS TILT SENSOR MARKET, BY REGION, 2017-2023 (USD MILLION)
TABLE 22 GLOBAL TILT SENSOR MARKET, BY REGION, 2017-2023 (USD MILLION)
TABLE 23 NORTH-AMERICAN TILT SENSOR MARKET, 2017-2023 (USD MILLION)
TABLE 24 NORTH-AMERICA TILT SENSOR MARKET, BY COUNTRY, 2017-2023 (USD MILLION)
TABLE 25 NORTH-AMERICA TILT SENSOR MARKET, BY END-USERS, 2017-2023 (USD MILLION)
TABLE 26 GLOBAL OTHERS TILT SENSOR MARKET, BY REGION, 2017-2023 (USD MILLION)
TABLE 27 EUROPE TILT SENSOR MARKET, BY COUNTRY, 2017-2023 (USD MILLION)
TABLE 28 EUROPE TILT SENSOR MARKET, BY END-USERS, 2017-2023 (USD MILLION)
TABLE 29 GLOBAL OTHERS TILT SENSOR MARKET, BY REGION, 2017-2023 (USD MILLION)
TABLE 30 ASIA-PACIFIC TILT SENSOR MARKET, BY COUNTRY, 2017-2023 (USD MILLION)
TABLE 31 ASIA-PACIFIC TILT SENSOR MARKET, BY END-USERS, 2017-2023 (USD MILLION)
TABLE 32 GLOBAL OTHERS TILT SENSOR MARKET, BY REGION, 2017-2023 (USD MILLION)
TABLE 33 REST OF THE WORLD TILT SENSOR MARKET, BY END-USERS, 2017-2023 (USD MILLION)

List of Figures

FIGURE 1 MRFR RESEARH PROCESS
FIGURE 2 MARKET FORECAST
FIGURE 3 MARKET ESTIMATION
FIGURE 4 MARKET CRACKDOWN & DATA TRIANGULATION
FIGURE 5 DRIVERS & CHALLENGES IMPACT ANALYSIS OF GLOBAL TILT SENSOR MARKET
FIGURE 6 GLOBAL TILT SENSOR MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 7 GLOBAL TILT SENSOR MARKET: SUPPLY CHAIN PROCESS
FIGURE 8 GLOBAL TILT SENSOR MARKET, BY TYPE, 2017- 2023 (USD MILLION)
FIGURE 9 GLOBAL SWITCH BASED TILT SENSOR MARKET, BY END-USERS, 2017- 2023 (USD MILLION)
FIGURE 10 GLOBAL PROPORTIONAL TILT SENSOR MARKET, BY END-USERS, 2017- 2023 (USD MILLION)
FIGURE 11 GLOBAL OPTICAL BASED TILT SENSOR MARKET, BY END-USERS, 2017- 2023 (USD MILLION)
FIGURE 12 GLOBAL TILT SENSOR MARKET, BY APPLICATION, 2017- 2023 (USD MILLION)
FIGURE 13 GLOBAL MINING TILT SENSOR MARKET, BY REGION 2017- 2023 (USD BILLION)
FIGURE 14 GLOBAL CONSTRUCTION TILT SENSOR MARKET, BY REGION 2017- 2023 (USD BILLION)
FIGURE 15 GLOBAL AUTOMOBILE TILT SENSOR MARKET, BY REGION 2017- 2023 (USD MILLION)
FIGURE 16 GLOBAL TRANSPORT TILT SENSOR MARKET, BY REGION 2017- 2023 (USD MILLION)
FIGURE 17 GLOBAL ROBOTICS TILT SENSOR MARKET, BY REGION 2017- 2023 (USD MILLION)
FIGURE 18 GLOBAL GAMING TILT SENSOR MARKET, BY REGION 2017- 2023 (USD MILLION)
FIGURE 19 41
FIGURE 20 GLOBAL AVIATION TILT SENSOR MARKET, BY REGION 2017- 2023 (USD MILLION)
FIGURE 21 GLOBAL OTHERS TILT SENSOR MARKET, BY REGION 2017- 2023 (USD MILLION)
FIGURE 22 GLOBAL TILT SENSOR MARKET, BY REGION 2017- 2023 (USD MILLION)
FIGURE 23 NORTH-AMERICA TILT SENSOR MARKET, BY COUNTRY 2017- 2023 (USD MILLION)
FIGURE 24 NORTH-AMERICA TILT SENSOR MARKET, BY END-USERS, 2017- 2023 (USD MILLION)
FIGURE 25 EUROPE TILT SENSOR MARKET, BY COUNTRY, 2017- 2023 (USD MILLION)
FIGURE 26 EUROPE TILT SENSOR MARKET, BY END-USERS, 2017- 2023 (USD MILLION)
FIGURE 27 ASIA-PACIFIC TILT SENSOR MARKET, BY COUNTRY, 2017- 2023 (USD MILLION)
FIGURE 28 ASIA-PACIFIC TILT SENSOR MARKET, BY END-USERS, 2017- 2023 (USD MILLION)
FIGURE 29 REST OF THE WORLD TILT SENSOR MARKET, BY END-USERS, 2017- 2023 (USD MILLION)
FIGURE 30 TOP 5 PLAYERS OF TILT SENSOR MARKET, BY REGION 2017- 2023 (USD MILLION)

The post Global Tilt Sensor Market Analysis & Forecast 2017 To 2023 first appeared on CRI Report.

Global Tilt Sensor Market Research Report – Forecast to 2023

admin — Fri, 17 Aug 2018 09:04:00 +0000

TITLE Category Report Type PAGES 1-User PDF Enterprise PDF Publish Month Continents
Global Tilt Sensor Market Research Report- Forecast 2023 SEM HCRR 100 4450 8250 August Global

The post Global Tilt Sensor Market Research Report – Forecast to 2023 first appeared on CRI Report.