Airbus, Collins Aerospace, Pratt & Whitney, and Rolls-Royce have expanded parts sourcing from India, driving growth in the country’s emerging aerospace sector and pushing local firms to elevate their games, industry insiders said.
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Bengaluru-based Hical Technologies and JJG Aero are among those riding the wave. Hical, a supplier to Raytheon Technology and Boeing among others, aims to double revenue to 5 billion rupees (US$57.57 million) from its aerospace division in three years, said Yashas Jaiveer Shashikiran, joint managing director.
JJG Aero, also in Bengaluru’s industrial hub, took 12 years to hit US$2 million in revenue but soared to US$20 million in the last six, said CEO Anuj Jhunjhunwala.
The growth is part of an Asia-Pacific aerospace surge, with 2024 revenue projected to be 54 per cent above 2019 levels, while North America and Europe remain 3 per cent and 4 per cent lower, according to Accenture Research.
“Earlier, we were chasing customers. Now, they are equally interested in evaluating Indian machine shops,” Jhunjhunwala said, adding that contracts were being signed more quickly and onboarding processes being done much faster than ever before.
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The companies produce parts for landing gear, wings, fuselage, electrical switches and motion control systems essential for flight safety and performance.