New Delhi: India’s deeptech sector is likely to witness exponential growth, with its market opportunity projected to reach USD 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 USD 80 billion. This expansion surpasses growth rates recorded by top global spenders, such as the US and China, during the same period.

“India’s deep tech opportunity has grown 2.5 times in the past 5 years and is poised to be a USD 30 billion juggernaut by 2030. India is emerging as the only trusted, low-cost scale hub outside China . Its deeptech base, i.e. USD 9-12 billion as of FY2

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