The global aerospace market presents a compelling growth trajectory, with projections showing expansion from US$188.04 billion in 2024 to US$272.56 billion by 2030. According to reports from The Financial Express, this growth is driven by a massive aircraft backlog of over 15,255 unfulfilled orders as of August 2025, creating production demand for the next decade. In India, local airlines have placed over 1,260 unfulfilled aircraft orders as of June 2025, while the Indian aerospace manufacturing market is projected to nearly double from ₹13,051 crore in 2024 to ₹25,709 crore by 2030. Exports of aerospace components have already increased to ₹58,838 crore in FY25, driven by Make in India and production-linked schemes for the aerospace sector.
Three Indian component suppliers have emerged with compelling order book metrics and revenue visibility. As reported by The Financial Express, Rossell Techsys holds confirmed purchase orders of ₹715 crore with 98% export revenue, while Aequs maintains an order book of ₹8,500 crore with 85% export revenue. Azad Engineering has secured a ₹6,500 crore order book with 93% export revenue. The combined order book of these three companies stands at ₹15,715 crore, while revenue is ₹2,122 crore, providing around 7.4 years of revenue visibility.
According to The Financial Express, Rossell Techsys delivered transformative financial performance in FY26 with 87% revenue growth to ₹485 crore, of which 80% came from aerospace and defence. The company has secured strategic agreements worth US$200 million for Boeing's T-7 program and recently leased an additional 210,000-square-foot facility to scale capacity. Management expects 80-90% revenue growth in FY27 with aerospace and defence accounting for 50% of business, while the space and semiconductor programs are projected to see 300-400% revenue increase.
As reported by The Financial Express, Aequs Limited operates through 2.22 million square feet of manufacturing infrastructure in India with global capacity in Paris, US, and France. The company's key differentiator is its end-to-end manufacturing capability within a single Special Economic Zone in Belagavi, reducing component travel distance from thousands of kilometers to less than 500 meters. In FY26, the aerospace division generated ₹1,046.4 crore revenue with 27% EBITDA margin, while the company has committed to ₹1,900 crore investment over 10 years and ₹2,856 crore over 5 years for strategic expansions.
According to The Financial Express, Azad Engineering supplies critical components including actuator assemblies and hydraulic systems for flight control and landing gear. The company has secured a rolling order book of over US$200 million and signed long-term deals with Rolls-Royce for Civil Aircraft Engine Parts and Pratt & Whitney for aircraft engine components. Management expects 25%+ revenue growth over the next 4-5 years with EBITDA margins of 33-35%. The company's aerospace and defence segment delivered 25.4% year-on-year growth in FY26, crossing the ₹100 crore mark for the first time.
