Aerospace Giants Source Parts from India Amid Supply Chain Disruptions

The global aerospace industry is increasingly sourcing parts from India as companies like Airbus, Rolls-Royce, Collins Aerospace, and Pratt & Whitney seek to address supply chain disruptions. Indian firms such as Hical Technologies and JJG Aero are experiencing significant growth, with Hical aiming to double its aerospace revenue to $57.57 million in three years and JJG Aero growing from $2 million to $20 million in six years. Rolls-Royce plans to double its sourcing from India within five years, highlighting the country as a key player in overcoming traditional supply chain challenges. The Asia-Pacific aerospace market is projected to grow by 54% in 2024 compared to 2019, while North America and Europe are experiencing slower growth. Industry experts believe that India, despite its previous challenges, is well-positioned to capture a larger share of the global aerospace supply chain market. The Aerospace India Association has also been established to enhance India's competitiveness in aircraft component manufacturing.