India Drone Market Size Set Expands at Significant CAGR of 22.15% During 2024–2030 to Reach USD 4.87 Billion by 2030

Published | 25 January 2024

India Drone Market is flourishing due to advancements in technology and a surge in applications across various sectors. From agriculture and infrastructure monitoring to surveillance and delivery services, the expanding use cases are contributing to the dynamic expansion of the Indian drone market.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India Drone Market size at USD 1.20 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Drone Market size to expand at a CAGR of 22.15% reaching a value of USD 4.87 billion by 2030. The India drone market is experiencing significant growth, propelled by robust government support, a surging demand for aerial surveillance solutions, and widespread drone adoption across diverse sectors such as agriculture, infrastructure, and logistics. The escalating technological innovations within the drone industry are contributing to this expansion. Especially, in response to the increasing use of drones for surveillance, logistics, and potential security threats, India has developed effective counter-technology. The Defence Research and Development Organisation (DRDO) is actively involved in manufacturing various types of drones, further enhancing the country's capabilities. These combined factors are driving the rapid evolution and advancement of the drone industry in India.

Opportunity: Growing usage of drones for various purposes

The rising utilization of drones across diverse sectors in India is poised to create significant opportunities for the expansion of the country's drone market. As of 2023, the News on Air reported that the state government has approved the establishment of the Maharashtra Drone Mission (MDM). This initiative is strategically designed to leverage drone technology for various purposes, including but not limited to security surveillance, swift and effective rescue and relief operations during disasters, the delivery of emergency medicines and vaccines to remote and inaccessible areas, and the monitoring of crucial infrastructure projects. Additionally, the MDM aims to contribute to efficient traffic management. The complete approach of integrating drones into various facets of public services highlights their transformative potential, positioning India at the forefront of the burgeoning drone industry, fostering innovation, and addressing critical needs in areas such as healthcare, disaster management, and infrastructure development.

Impact of Geopolitical Tensions on India Drone Market

Geopolitical tensions, notably between India and China, have significantly impacted the growth of the India drone market. In response to military tensions, India is actively pursuing self-reliance in drone technology, particularly by developing indigenous stealth unmanned aerial vehicles (UAVs) to bolster its armed forces. The push for autonomy is also fueled by a strategic imperative to diminish dependencies on China, manifested through measures like banning Chinese apps and restricting the import of Chinese drones. The 2023 ban on Chinese components for domestic military drones has, however, resulted in increased production costs, potential model halts, and budget overruns for India's defense modernization efforts. Despite these challenges, the ban underscores India's determination to lessen reliance on its eastern neighbor and signifies the evolving dynamics in the India-China relationship, shaping the trajectory of the Indian drone market.

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India Drone Market

Segmental Information

India Drone Market - By Point of Sales

Based on point of sales, the India drone market is segmented into original equipment manufacturers (OEM) and aftermarket. The original equipment manufacturers (OEM) segment is expected to hold a significant share of the market due to technological expertise, extensive manufacturing capabilities, and established supply chains. OEMs play a pivotal role in shaping the industry by providing end-to-end solutions, from designing cutting-edge drone hardware to offering reliable software integration. Their ability to meet diverse market demands, ensure product quality, and comply with regulatory standards positions them as key contributors to the growth and development of the drone sector in India. As the demand for unmanned aerial vehicles continues to rise across various sectors, OEMs are well-positioned to maintain their stronghold and drive innovation within the India drone market.

India Drone Market – By Application

Based on application, the India drone market is segmented into filming and photography, agriculture and horticulture, inspection and maintenance, mapping and surveying, and others (including, surveillance and monitoring, delivery and logistics). Filming and photography are anticipated to cover a major market share due to increasing demand for aerial cinematography, surveillance, and content creation across diverse industries. Drones equipped with high-quality cameras and advanced imaging technologies have become indispensable tools for filmmakers, photographers, and content creators seeking innovative perspectives. The ease of capturing breathtaking aerial shots and the ability to navigate challenging terrains make drones an attractive choice for professionals and enthusiasts alike. As the popularity of visual content continues to soar, the filming and photography segment is expected to maintain its dominance, driving the growth market in India.

India Drone Market – By End-Use Industry

Based on end-use industry, the India drone market is segmented into individual, commercial, and military. The commercial segment is expected to cover a significant share of the market. anticipated to cover major market share due to widespread adoption across diverse industries. Businesses are increasingly leveraging drones for applications such as surveying, mapping, agriculture, and logistics, driving efficiency and cost-effectiveness. Additionally, regulatory frameworks that support and streamline commercial drone usage have further propelled the sector's growth. As businesses recognize the transformative potential of drones in enhancing productivity and decision-making, the commercial segment is poised to continue its stronghold, steering the trajectory of the India drone market toward sustained expansion and innovation.

India Drone Market - By Region

Based on Region, India drone market is divided into North India, South India, East India, and West India. The India drone market is being dominated by South India. Cities like Bengaluru, with its reputation as India's Silicon Valley, contribute significantly to the region's leadership in the drone industry. The presence of numerous technology firms, research institutions, and startups specializing in drone technology has created a favorable environment for the development and adoption of unmanned aerial systems. Moreover, South India's diverse economic landscape, encompassing sectors such as agriculture, infrastructure, and logistics, has led to an increased demand for drones in applications ranging from precision farming to surveillance and delivery services. As a result, South India stands at the forefront, driving the growth of the market.

Competitive Landscape

The India Drone Market is fragmented, with numerous players serving the market. The key players dominating the India Drone Market include ideaForge Technology Pvt. Ltd, Asteria Aerospace Pvt. Ltd, Throttle Aerospace Systems Pvt. Ltd, Adani Defence & Aerospace, UrbanMatrix Technologies, General Aeronautics, EDALLSYSTEMS, Dronix Technologies Private Limited, Marut Dronetech Private Limited, CerebroSpark, and other prominent players. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

Don’t miss the business opportunity of the India Drone Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the India Drone Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Drone Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the market's growth drivers, challenges, and competitive dynamics.

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