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TS Darbari Blog: India's defence exports since 2014-15 estimated at Rs. 38,500 crore
TS Darbari Blog: Talking about defence manufacturing industry in India, TS Darbari said that recently the Ministry of Defence has produced some data before the Loksabha. According to that data, India exported military hardware and systems worth ₹38,500 crore in the last seven years.
Minister of State for Defence Ajay Bhatt had said that the major items exported during 2014-15 and 2020-21 included armoured protection vehicles, weapons locating radar, light-weight torpedo and fire control systems and tear gas launchers.
Currently, the exports are being made to about 75 countries. Names of the countries cannot be divulged due to strategic reasons.
TS Darbari said that according to the details provided by Mr. Bhatt, India's defence exports in 2014-15 was ₹1,940.64 crore and it increased to ₹2,059.18 crore in 2015-16. The value of exports in 2016-17 was recorded at ₹1,521.91 crore while it went up to ₹ ₹4,682.36 crore in 2017-18 and ₹10,7465.77 crore in 2018-19.
The value of defence exports was ₹9,115.55 crore in 2019-20 and ₹8434.84 crore in 2020-21, as per the details.
The combined total in the last seven years comes to ₹38,500.25 crore. To a separate question, Bhatt said the construction cost in setting up the National War Memorial in Delhi was ₹176.65 crore
"Further, Bharat Electronics Limited has been nominated to execute the project of enhancement of digital appeal at National War Memorial," he said.
Replying to another question, Bhatt said the Defence Research and Development Organisation (DRDO) has not undertaken any project to develop "robotic soldiers".
Who is TS Darbari?
TS Darbari is a blogger and a retired management consultant. TS Darbari has been sharing his knowledge through his blogs for a long time.
#DefenceProduction #Defence #TSDarbari #TS_Darbari #TS_Darbari_Blog #TS_Darbari_Blogger #Who_is_TS_Darbari #About_TS_Darbari #RajnathSingh #MakeInIndia #AtmanirbharBharat
Home Automation System market Sales Revenue, Worldwide Analysis, Future Trends, Industry Size and Regional Forecast To 2027
Home Automation System has achieved great popularity in the last few decades as it provides comfort, convenience, quality of life and security to the residents. It can be designed and developed by using a single controller which can control and monitor different interconnected appliances such as power plugs, lights, temperature and humidity sensors, smoke, gas and fire detectors as well as emergency and security system.
The greatest advantage of home automation system is that it can be controlled and managed easily by various devices such as smartphones, tablets, desktops, and laptops. Home automation system uses various wireless communication techniques such as Bluetooth, GSM, ZigBee, Wi-Fi, and others to communicate with the microcontroller. The market of home automation system is expected to grow due to the increased demand for features such as the convenience of remote operation and exceptional experience offered by smart home automation
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Some of the key players of Home Automation System market include Honeywell International Inc. (U.S.), Acuity Brands, Inc. (U.S.), Johnson Controls Inc. (U.S.), United Technologies Corporation (U.S.), Crestron Electronics, Inc. (U.S.), Legrand (France), Schneider Electric Se (France), ABB Ltd. (Switzerland), Samsung Electronics Co., Ltd. (South Korea), Siemens Ag (Germany), among others.
The prominent players keep innovating and investing in research and development to present cost-effective offerings. Merger and Acquisitions among the various players are changing the market structure.
The Global Home Automation System market is projected to reach approximately USD 85 Billion at a CAGR of ~11% by the end of the forecast period 2020-2027.
The geographical analysis of global recommendation market is done for regions like North America, Europe, Asia Pacific, and rest of the world. Among these regions, the market is mostly dominated by North America during the forecast year. North America is expected to drive the home automation market due to technological advancement, consumer awareness, fast internet connectivity and the presence of major players of home automation system market such as United Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), Johnson Controls Inc. (U.S.), Crestron Electronics, Inc. (U.S.), Acuity Brands, Inc. (U.S.) and others. Also, the increased demand for HVAC & energy management has significantly driven regional growth.
The market in APAC is expected to grow at the highest CAGR due to a rapid increase in the residential projects and need to strengthen the building infrastructure. In developing countries like India, the market is expected to rise owing to the increasing investments in infrastructure to improve the standard of living.
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Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
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