Sector Snapshot · Engineering Services

India's Engineering R&D Services Market Scales Up

A fast-read primer on India's engineering R&D services sector — the backdrop against which we benchmark every company's cost structure in this category.

US$133.71 bn

Engineering R&D services market, 2025

US$217.90 bn

Projected market size by 2030

10.26%

CAGR, 2025-2030

US$116.67 bn

Engineering goods exports, FY25

US$122.43 bn

Engineering exports, FY26 (+4.86% YoY)

Revenue and Exports Are Both Climbing

The R&D services market has grown steadily, alongside consistently rising engineering exports.

Engineering R&D Revenue (US$ bn)

FY19 → FY22 → FY25

$36bn

FY19

$42bn

FY22

$63bn

FY25

Engineering Exports (US$ bn)

FY25 → FY26

$116.67bn

FY25

$122.43bn

FY26

What's Pushing the Sector Forward

Global demand, export strength, and a liberal policy regime define the category.

Global Demand

Engineering R&D services market to grow at 10.26% CAGR through 2030

Export Strength

Engineering exports grew 4.86% YoY to US$122.43bn in FY26
Telecom instrument exports up 36.24% YoY

Policy Support

De-licensed sector; 100% FDI under automatic route
Unrestricted technology transfer payments

Recent Developments

A sample of the industry-wide and policy moves shaping the sector through early 2026.

→ India's Engineering R&D services market is projected to grow from US$133.71bn (2025) to US$217.90bn by 2030.
→ India's engineering exports rose 4.86% YoY to US$122.43bn in FY26.
→ Telecom instrument exports grew 36.24% YoY to US$30.99bn in FY26 (Apr-Feb), driven by smartphone exports.
→ The capital goods sector recorded 8.1% YoY growth, reflecting improved investment activity.
→ India's industrial growth in FY26 became more broad-based, led by manufacturing.
→ The Index of Industrial Production grew 7.8% in December 2025, led by manufacturing and mining.

Companies We Benchmark in This Sector

Listed Indian Engineering Services companies in tDoBe's cost-benchmarking coverage.

Knowledge Marine

Dredging Corporation

See How These Companies Compare on Cost

The numbers above set the stage. Our Report translates it into a company-by-company cost benchmark — down to the category — so you can see exactly where a business sits against its peers.

Explore the Engineering Services Report

Compiled from public government and industry sources, February 2026 update · Figures rounded · tDoBe sector snapshot, for informational purposes