Aerospace companies in Hyderabad

Hyderabad has become an IT hub in the past few years, and has rightfully earned the moniker Cyberabad due to the significant growth of IT and software companies. The city has witnessed significant developments in several sectors, from IT to manufacturing. One such constantly thriving sector is the aerospace sector. Aerospace companies have a significant presence in Hyderabad. Not only do these companies contribute significantly to the economy, but they also boost the growth of several smaller sectors. 

 

Business landscape in Hyderabad

Hyderabad has a prosperous business sector, with the IT and software industry being the most prominent one. The city houses numerous tech companies, IT parks, and software development corporations. The city also has a substantial pharmaceutical hub, accommodating some of India’s top pharmaceutical companies and laboratories. Besides the IT and pharmaceutical sectors, the manufacturing sector of Hyderabad has witnessed significant growth with the rise of sectors like aerospace, electronics, and even textiles. Hyderabad’s real estate sector is also constantly growing due to the establishment of several MNCs in the city. The city’s tourism sector is also one of the significant contributors to the economy, as the rich cultural heritage drives many people year-round. 

 

List of top aerospace companies in Hyderabad 

Nucon Aerospace

Company type: Private limited company 

Founded in: 1972

Location: Balanagar, Hyderabad 500037

Nucon Aerospace in Hyderabad is an aerospace and defence technology company known for designing, developing, and manufacturing a wide range of defence products. It manufactures military and civil systems such as electronic warfare, avionics, and communication systems. They mainly work on avionic components for aircraft and spacecraft. The company has partnered with several governmental agencies and international organisations and manufactures high-tech aerospace components for them.

 

Soaron

Company type: Private limited company 

Founded in: 2019

Location: Masab Tank, Hyderabad 500028

Soaron is a relatively new aerospace company that has its headquarters in Hyderabad. In short, the company has contributed significantly to the country’s space and development programs. It has excelled in the field of aerospace technology and develops satellite components as well as satellite propulsion systems for several space exploration projects. Soaron has collaborated with several governmental organisations to reduce the cost of launching satellites in India. It has also tied up with several global organisations and contributed to their space programs.

 

Tata Advanced Systems

Company type: Private limited company 

Founded in: 1968

Location: Maheshwaram Mandal, Hyderabad 501218

Tata Advanced Systems is a subdivision of the Tata Group. The aerospace company is one of the leading companies in this sector and has its headquarters in Hyderabad. It has significant involvement in the aerospace and defence sectors and has contributed to several important projects in India. TAS is a reputed company that manufactures a broad spectrum of aerospace components, from aircraft components to missile systems; the company is an expert in all. Not just in India, the company has collaborated with global defence companies and has helped them in both military and aerospace projects.  

 

Skyroot Aerospace

Company type: Private limited company 

Founded in: 2018

Location: Kondapur, Hyderabad 500084

Skyroot Aerospace is a startup based in Hyderabad that manufactures and develops satellites and launch vehicles. The company lays significant emphasis on making aerospace projects efficient and cost-effective. It has developed many satellite vehicles and is famous for developing reusable rocket technology to make aerospace projects more affordable. The company has tied up with the government of India and receives a significant part of its funding from the government itself. 

 

MTAR Technologies

Company type: Public limited company

Founding year: 1970

Location: Balanagar, Hyderabad 500037

MTAR Technologies is a leading aerospace company that produces critical components for several aerospace and defence projects. The company is known for manufacturing missiles, satellites, space crafts, air crafts, nuclear power plant components, etc. The company offers high-tech, well-researched solutions to its clients. MTAR Technologies is also significant in the Indian space exploration and nuclear projects. Besides national projects, it has contributed to several international projects and earned itself quite a strong market presence. 

 

Boeing Aerospace

Company type: Subsidiary 

Founded in: 1916

Location: Adibatla, Hyderabad 501510

Boeing is one of the largest aerospace companies in the world and has a major presence in Hyderabad. The company lays significant emphasis on research and development and aerospace engineering. The services provided by the company include aircraft designing, system integration, commercial aeroplanes, manufacturing defence systems, and computational modelling. Boeing has partnered with several Indian and international aerospace and defence organisations to promote technological innovation. 

 

GE Aviation

Company type: Subsidiary 

Founded in: 1999

Location: Rsl Pura, Hyderabad 500003

GE Aviation is another aerospace company that has a significant presence in Hyderabad. The company mainly develops aircraft engines, avionics, propulsion systems, etc. It also offers digital services to improve aircraft operations, including advanced research and engineering design. The company’s primary aim is to develop fuel-efficient and environment-friendly aerospace components, and it also provides training programs to develop the skills of engineers and aviation professionals. 

 

Impact of aerospace companies on Hyderabad

Aerospace companies have a significant presence in Hyderabad and hire a vast workforce, increasing employment opportunities in the city. The sector has significantly contributed to the economy while also boosting other sectors such as manufacturing, real estate, retail, etc. The sector has gained global recognition in the past few years, attracting international companies in the city. 

 

Real estate demand in Hyderabad

Aerospace companies affect the commercial real estate demand in Hyderabad because these companies require huge spaces and industrial properties for manufacturing, research and development and office space. These companies have improved Hyderabad’s infrastructure, resulting in increased demand and the price of commercial real estate properties. 

Moreover, most of the workforce that shifts to Hyderabad because of these aerospace companies lives in rental spaces, thus increasing the demand for rental units. Aerospace companies have caused significant growth in the real estate market of Hyderabad.

 

FAQs

What are the top aerospace companies in the world?

Lockheed Martin, Honeywell, General Electric (GE Aviation), Safran etc., are among the top aerospace companies in the world.

Which is the best aerospace company in Hyderabad?

Boeing is the best aerospace company in Hyderabad.

Which country is the best for the aerospace industry?

The aerospace sector is quite prominent in the United States and Germany.

Does India have a good aviation industry?

India has the world’s third-largest aviation market, growing quite rapidly.

Which are some of the top multinational aerospace companies in Hyderabad?

Boeing and Lockheed Martin India are among the top multinational companies in Hyderabad.

How does the aerospace industry affect the local economy of Hyderabad?

The aerospace industry has generated employment opportunities and has improved the city’s infrastructure, causing a rise in the real estate demand in Hyderabad.

Does Hyderabad’s aerospace sector contribute to international projects?

Yes, several aerospace companies in Hyderabad have tied up with several national and international organisations.

Which is the biggest aerospace company in India?

Tata Advanced Systems and Bharat Dynamics are among the biggest aerospace companies in India.

What are some relatively new aerospace startups in Hyderabad?

Skyroot Aerospace, Soaron, and Ziegler Aerospace are some startups in the aerospace industry in Hyderabad.

Are aerospace companies profitable?

The aerospace industry reports enormous annual revenues, so it is a profitable business.

Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com