By Sanjeev Kumar, Co-Founder & Mentor of Logic Fruit Technologies
Sanjeev Kumar
Indian Prowess Soars – Predicting Aerospace and Defense Industry Dominance on the Global Stage: 2024 Outlook
In last few years we observed a notable surge in product demand within the Aerospace and Defense (A&D) sector. In the aerospace industry, we witnessed domestic commercial aviation revenue passenger kilometers surpassing prepandemic levels in most nations.
The growth in air travel led to a substantial increase in demand for new aircraft and aftermarket goods and services. Within the US defense industry, I noticed that fresh geopolitical challenges and a strong emphasis on modernizing the armed forces contributed to robust demand, especially for armaments and next-generation capabilities.
Looking ahead to 2024, it is clear that there will continue to be a significant need for A&D goods and services. Additionally, as geopolitical unrest intensifies, I predict a further rise in product demand within the defense industry.
