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Indian Startup Ecosystem, Space Tech, Defence Tech
India On The Heels Of USA In Defense And Space Manufacturing - Could It Outpace By 2030?
Oct 25, 2023
Right now, the world is seeing two big wars: one is happening between Russia and Ukraine, and the other is between Israel and militant groups of Hamas and Hezbollah.
In the middle of all this, startups and companies are innovating and building next generation weapons and defense systems.
In this post, we take a close look at how this industry is growing across the world.
India’s Growing Clout
Of all the Defense and Space manufacturing companies across the world, 117 of them grew in headcount over the last 1 year.
Here is how these companies are distributed globally. USA leads the pack with 60% based there.
Top 10 companies by headcount growth
Surprising to see Mach Industries outpacing others by over 700% YoY growth.
Here is their headcount growth over time.
Growth Rates by Countries
Except for companies based out of Australia and Israel, headcount growth over time of these companies by country follows a similar growing trend.
Companies in India started growing rapidly starting in May 2023.
Growth Rates by Last Funding Round
About 50% of the 117 fastest growing defense and space manufacturing companies have raised their Series A round or beyond.
Growth is highest for Series B and Series E companies.
Growth in public companies is almost stagnant.
Here is how the companies are distributed geographically based on their last funding round:
Engineering Team Size
Finally, lets look at how are these companies prioritizing engineering over other functions.
Of all the 117 growing defense and space manufacturing companies, about 70% have more than a fifth of their staff in the Engineering department.
Access the complete data 👇
Download the complete list of 117 growing defense and space manufacturing companies included in the analysis above.
The CSV has 32 columns with
headcount growth metrics
headcount over time
headcount by function
funding milestones
website traffic
firmographics
and founder contact details
About the data
The data seen above is from Crustdata - the most accurate AI powered alternative data platform for private growth stage investors and sales leaders. It indexes billions of public data points on companies every week to provide an edge over the private market.
