India's deeptech sector might surge to $30B by 2030
What's the story
India's deeptech sector is set to grow into a $30 billion industry by 2030, according to a report by Redseer Strategy Consultants. The growth is largely driven by defense innovation and global robotics. Over the last decade, India has seen a major shift in spending toward defense deeptech with its national defense budget doubling to $80 billion, outpacing top global spenders like the US and China.
Market growth
Deeptech base accelerated by defense spending
The report highlighted, "India's deep tech opportunity has grown 2.5 times in the past five years and is poised to be a $30 billion juggernaut by 2030." It also emphasized India's position as a trusted, low-cost scale hub outside China. The report noted that India's deeptech base (estimated at $9-12 billion as of FY2025) is being accelerated by spending in defense deeptech and global robotics.
Robotics expansion
Robotics as a key growth driver
The global robotic machines market, currently valued at $60 billion, is expected to grow nearly fourfold by 2030. Humanoids are a breakout category in this growth story, with an estimated $10 billion opportunity during the same period. India's cost advantage is significant here as production costs for humanoid robots are about 73% lower than those in the US due to efficient local integration and comparatively low labor costs.
Tech prospects
'Next economic engine'
The Redseer report also flagged immediate opportunities in autonomous systems, AI-enabled training, as well as energy propulsion technologies. These are particularly relevant to the development and deployment of intelligent and resilient drones. The report concluded by saying, "Deeptech is no longer tomorrow's bet—it's the next economic engine. India's defense-deeptech flywheel is turning and creating investible, predictable returns."