Table of Contents Executive Summary 2 Market value 2 Market value forecast 2 Market volume 2 Market volume forecast 2 Category segmentation 2 Geography segmentation 2 Market rivalry 2 Market Overview 7 Market definition 7 Market analysis 7 Market Data 9 Market value 9 Market volume 10 Market Segmentation 11 Category segmentation 11 Geography segmentation 12 Market Outlook 13 Market value forecast 13 Market volume forecast 14 Five Forces Analysis 15 Summary 15 Buyer power 16 Supplier power 17 New entrants 18 Threat of substitutes 19 Degree of rivalry 20 Leading Companies 21 Airbus Group SE (formerly Airbus Group NV) 21 Bharat Electronics Limited 25 The Boeing Company 29 Hindustan Aeronautics Ltd 33 Macroeconomic Indicators 37 Country data 37 Methodology 39 Industry associations 40 Related MarketLine research 40 Appendix 41 About MarketLine 41

List of Tables Table 1: India defense spending market value: $ million, 2013-17(e) Table 2: India defense spending market volume: thousand armed forces personnel, 2013-17(e) Table 3: India defense spending market category segmentation: $ million, 2017(e) Table 4: India defense spending market geography segmentation: $ million, 2017(e) Table 5: India defense spending market value forecast: $ million, 2017-22 Table 6: India defense spending market volume forecast: thousand armed forces personnel, 2017-22 Table 7: Airbus Group SE (formerly Airbus Group NV): key facts Table 8: Airbus Group SE (formerly Airbus Group NV): key financials ($) Table 9: Airbus Group SE (formerly Airbus Group NV): key financials (€) Table 10: Airbus Group SE (formerly Airbus Group NV): key financial ratios Table 11: Bharat Electronics Limited: key facts Table 12: Bharat Electronics Limited: key financials ($) Table 13: Bharat Electronics Limited: key financials (Rs.) Table 14: Bharat Electronics Limited: key financial ratios Table 15: The Boeing Company: key facts Table 16: The Boeing Company: key financials ($) Table 17: The Boeing Company: key financial ratios Table 18: Hindustan Aeronautics Ltd: key facts Table 19: Hindustan Aeronautics Ltd: key financials ($) Table 20: Hindustan Aeronautics Ltd: key financials (Rs.) Table 21: Hindustan Aeronautics Ltd: key financial ratios Table 22: India size of population (million), 2013-17 Table 23: India gdp (constant 2005 prices, $ billion), 2013-17 Table 24: India gdp (current prices, $ billion), 2013-17 Table 25: India inflation, 2013-17 Table 26: India consumer price index (absolute), 2013-17 Table 27: India exchange rate, 2013-17 List of Figures Figure 1: India defense spending market value: $ million, 2013-17(e) Figure 2: India defense spending market volume: thousand armed forces personnel, 2013-17(e) Figure 3: India defense spending market category segmentation: % share, by value, 2017(e) Figure 4: India defense spending market geography segmentation: % share, by value, 2017(e) Figure 5: India defense spending market value forecast: $ million, 2017-22 Figure 6: India defense spending market volume forecast: thousand armed forces personnel, 2017-22 Figure 7: Forces driving competition in the defense spending market in India, 2017 Figure 8: Drivers of buyer power in the defense spending market in India, 2017 Figure 9: Drivers of supplier power in the defense spending market in India, 2017 Figure 10: Factors influencing the likelihood of new entrants in the defense spending market in India, 2017 Figure 11: Factors influencing the threat of substitutes in the defense spending market in India, 2017 Figure 12: Drivers of degree of rivalry in the defense spending market in India, 2017 Figure 13: Airbus Group SE (formerly Airbus Group NV): revenues & profitability Figure 14: Airbus Group SE (formerly Airbus Group NV): assets & liabilities Figure 15: Bharat Electronics Limited: revenues & profitability Figure 16: Bharat Electronics Limited: assets & liabilities Figure 17: The Boeing Company: revenues & profitability Figure 18: The Boeing Company: assets & liabilities Figure 19: Hindustan Aeronautics Ltd: revenues & profitability Figure 20: Hindustan Aeronautics Ltd: assets & liabilities

Airbus Group SE (formerly Airbus Group NV) Bharat Electronics Limited The Boeing Company Hindustan Aeronautics Ltd