India’s defence tech market set to reach $19 bn by 2030

India’s defence technology market, valued at $7.6 billion in 2025, is projected to reach $19 billion by 2030, growing at close to a 20 per cent compound annual growth rate (CAGR), a report said on Tuesday.

Technology led systems are expected to comprise almost 50 per cent of India's overall defence market by 2030, marking a decisive shift from platform-driven development to advanced engineering and digital capability building, the report from staffing and workforce solutions provider Quess Corp said.

Momentum is strong across computer vision, autonomous systems, counter drone technologies, underwater robotics, advanced sensors, directed energy research and software led mission systems, fuelled by over 1,000 defence tech startups and 194 firms linked through innovation programmes, the report said.