Tech frontier: India’s deeptech market set to touch $30 bn by 2030; defence innovation, robotics to drive growth

India’s deeptech sector is on course to become a $30 billion market by 2030, powered by growing defence innovation and a surge in global robotics adoption, according to a report by Redseer Strategy Consultants.The report said India’s deeptech opportunity has expanded 2.5 times over the past five years, with its market base currently estimated at $9–12 billion in FY2025, largely driven by the rapid rise of defence deeptech and robotic technologies, PTI reported.“India’s deeptech opportunity has grown 2.5 times in the past 5 years and is poised to be a $30 billion juggernaut by 2030. India is emerging as the only trusted, low-cost scale hub outside China,” the report noted.The report highlighted that India’s national defence budget has doubled to $80 billion over the past decade, outpacing growth rates recorded by major global spenders such as the US and China during the same period.This accelerated defence spending has helped fuel domestic innovation in areas like AI-driven autonomous systems, energy propulsion, and advanced drone technology, establishing a strong foundation for sustained deeptech expansion.“Deeptech is no longer tomorrow’s bet — it’s the next economic engine. India’s defence-deeptech flywheel is turning and creating investible, predictable returns,” the report stated.India’s role as a trusted, cost-efficient innovation hub outside China is being reinforced by deeptech-led advances in robotics manufacturing, Redseer said.The global robotics market, valued at $60 billion, is projected to touch $230 billion by 2030, with humanoid robots emerging as a breakout category worth nearly $10 billion.India holds a key cost advantage in this domain – humanoid production costs are about 73% lower than in the US, thanks to local integration efficiency, lower labour costs, and optimised sourcing.