Industries

The Middle East defense market is in the midst of a transformation driven both by regional and international geostrategic processes and by the changing national security needs of the countries in the region. Among these is the intensification of the Iranian military's emerging challenges, which requires a response in all military clusters. The m...

The supply of adequate safe drinking water for the population is a key concern for governments and administrative bodies across the globe. In 2019, the Indian government launched Jal Jeevan Mission (JJM), a project aimed at providing a functional household tap water connection (FHTC) to every rural household in the country by 2024. As part of this ...

India is home to 107 automotive unicorns, making it the third-largest start-up ecosystem in the world. Over the past 3 years, the country witnessed the establishment of an estimated 30,000+ start-ups and a consolidated inflow of more than $50+ billion. Seed, angel, venture, and private equity funds, along with government, incubator, and accelerator...

Russia’s war on Ukraine has unlocked unprecedented growth opportunities for the Middle East as Europe steers away from Russia for energy supply. The European Union’s commitment to end its reliance on Russian energy by 2027 and its focus on renewables and hydrogen offer ME countries a strong business case for energy investments, given that the r...

This research service provides a snapshot of the Saudi Arabian economy by examining the country’s growth conditions and key policies. Following a steep economic contraction in 2020 on account of the COVID-19 pandemic, Saudi Arabia recorded a rebound of around 8.7% in 2022. Robust growth in non-oil sectors such as manufacturing, transport, governm...

A survey was conducted to understand fleet, asset tracking, and shipment monitoring in the Indian logistics service delivery market. It included decision makers and key influencers of fleet and logistics asset or shipment monitoring associated with multinational and local second-party logistics (2PL), third-party logistics (3PL), and fourth-party l...

India is quickly emerging as a new power center in the manufacturing world. Owing to its demographic advantage, rapid urbanization, digital transformation, growing middle class, strong economic reforms, strategic geopolitical position, and green energy revolution, it is expected to become a leading global economy during this decade. According to th...

31 May 2023  |  South Asia, Middle East & North Africa  |  Market Outlook

Indian Passenger Vehicle Outlook, 2023

Alternative Fuel Vehicles, the Used Car Market, and Autonomous Driving Experiences are Key Focus Areas for Carmakers

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Domestic passenger vehicle (PV) sales grew by ~24.2% in FY23 owing to pent-up demand, better-than-expected festive demand, new product launches by major OEMs, and strong demand for utility vehicles. This study discusses the market size of the overall Indian PV market, key vehicle segments, and domestic sales forecasts up to FY28, considering the...

Space exploration is increasingly vital for many nations, impacting technology, industries, and global cooperation. This forces countries to develop space technology and capabilities via their space agencies. Over the years, India has made considerable advancements in the space industry, exploration, and technology and has positioned itself as a si...