India’s deeptech market to hit $30 billion by 2030: Report
India’s deeptech sector is likely to witness exponential growth, with its market opportunity projected to reach $30 billion by 2030, driven by defence innovation and a surge in global robotics, according to a report by Redseer Strategy Consultants.
India has observed a significant shift in spending towards defence deeptech, with the national defence budget doubling over the past decade to $80 billion. This expansion surpasses growth rates recorded by top global spenders, such as the US and China, during the same period.
