CHICAGO, May 15, 2024 /PRNewswire/ -- The India Drone
Market is projected to grow from USD 654
Million in 2024 to USD 1,437
Million by 2029, at a CAGR of 17.0% during the forecast
period according to a new report by
MarketsandMarkets™. The Drone volume in the India Drone
Market is projected to grow from 10,803 Units in 2024 to 61,393
Units by 2029. The India drone
market is experiencing rapid growth, driven by increasing demand
across various sectors, including agriculture, defense, and
e-commerce. Supportive government policies and initiatives like the
Drone Shakti scheme have further expanded the industry.
Download PDF
Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=136782206
Browse in-depth TOC on "India Drone
Market"
147 – Tables
84 – Figures
280 – Pages
India Drone Market Report Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$ 654 Million
|
Estimated Value by
2029
|
$ 1,437 Million
|
Growth Rate
|
Poised to grow at a
CAGR of 17.0%
|
Market Size Available
for
|
2020–2029
|
Forecast
Period
|
2024–2029
|
Forecast
Units
|
Value (USD
Million/Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
By Platform, Point of
Sale, Application, Systems and Industry
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and Rest of World
|
Key Market
Challenge
|
Limited payload
capacity
|
Key Market
Opportunities
|
Rising use of drones in
logistics industry
|
Key Market
Drivers
|
Growing emphasis on
precision farming
|
India Drone Market- By System
By system, the Platform systems segment is expected to lead the
market. There's a growing demand for drones across various sectors
such as agriculture, defense, entertainment, and delivery services.
Platform systems are the core components of drones, including the
airframe, propulsion system, and avionics and software. Expanding
these sectors could lead to higher investment in the development
and procurement of drones, directly affecting the market size of
platform systems.
India Drone Market- By Platform
The platform, Civil, and Commercial segments are expected to
lead the market in volume (Units), but in market size (USD
Million), the defense segment will lead the market. Civil and
commercial usage, including agriculture, energy, and construction,
shows a balanced spread, reflecting the technology's cross-sectoral
adoption. Small and tactical class drones are preferred for their
versatility and lower operational costs, aligning with global
trends towards more compact and efficient UAVs for both military
and civilian uses. This market distribution underscores the
strategic importance of drones in national defense, the growing
commercial applications, and the potential for further expansion
into various industries.
India Drone Market- By Industry
By Industry, the defense and Security segment was estimated to
account for the largest share of the India drone market in 2024. The defense and
security sector dominates the Indian drone industry due to its
critical role in national security and the strategic advantages
drones offer. With regional security challenges, the need for
heightened surveillance and reconnaissance, and the delivery of
payload to border areas, India has
prioritized the adoption of drones for defense purposes. The
government's emphasis on self-reliance in defense technology
further bolsters this sector's market share, as drones become
integral to modern military operations and border management,
leading to significant investment in this technology.
Inquiry Before Buying:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=136782206
Major Service providers in the
Indian drone companies are India-based drone manufacturing companies,
such as Paras Aerospace (India),
ideaforge Technology Ltd. (India),
Throttle Aerospace Systems Pvt. Ltd. (India), Garuda Aerospace (India), Asteria Aerospace Limited
(India), General Aeronautics
(India), and Newspace Research
Technologies Pvt. Ltd. (India),
Iotechworld (India), Adani Defense
and Aerospace (India), Tata
Advanced Systems Limited (India),
Thanos (India), Dhaksha Unmanned
Systems (India), Marut Dronetech
Private Limited (India), Hubblefly
Technologies (India), Raphe
(India) like more than 25
companies have been analyzed based on different parameters,
including product portfolios, recent developments, business
strategies, and organic and inorganic growth, among others.
Get 10% Free Customization on this Report:
https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=136782206
Browse Adjacent Market: Aerospace and Defence
Market Research Reports & Consulting
Related Reports:
Public Safety Drone Market by Type (Rotary Wing, Fixed
Wing, Hybrid), Platform (Micro, Small), Application (Police
Operations & Investigations, Firefighting & Disaster
Management, Border Management, Others), Mode of operation, and
Region - Global Forecast to 2028
Small Drones Market by Platform (Civil & Commercial and
Defense & Government), Type (Fixed Wing, Rotary Wing, and
Hybrid), Application (Military, Commercial, Government & Law,
Consumer), Mode of Operation, Power Source, and Region – Global
Forecast to 2030
Military Drone Market by Platform (Small, Tactical,
Strategic), Type (Fixed Wing, Rotary Wing, Hybrid), Application
(UCAVs, ISR, Delivery), Propulsion (Fuel Powered & Battery
Powered), MTOW, Operation Mode, Launching Mode, and Region - Global
Forecast to 2028
UAV (Drone) Market by Type (Fixed Wing, Rotary Wing,
Hybrid), Platform (Civil & Commercial, and Defense &
Government), Point of Sale, Systems, Function, Industry,
Application, Mode of Operation, MTOW, Range and Region - Global
Forecast to 2029
Drone Simulator Market by Application (Commercial,
Military), Component (Software, Hardware), Device Type (Augmented
Reality, Virtual Reality), Drone Type (Fixed Wing, Rotary Wing),
System Type, and Region - Global Forecast to 2027
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's
best management consulting firms by Forbes, as per their recent
report.
MarketsandMarkets™ is a blue ocean alternative in growth
consulting and program management, leveraging a man-machine
offering to drive supernormal growth for progressive organizations
in the B2B space. We have the widest lens on emerging technologies,
making us proficient in co-creating supernormal growth for
clients.
Earlier this year, we made a formal transformation into one of
America's best management consulting firms as per a survey
conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are
substituting existing revenue streams in this decade alone. We work
with clients on growth programs, helping them monetize this
$25 trillion opportunity through our
service lines - TAM Expansion, Go-to-Market (GTM) Strategy to
Execution, Market Share Gain, Account Enablement, and Thought
Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several
Forbes Global 2000 B2B companies - helping them stay relevant in a
disruptive ecosystem. Our insights and strategies are molded by our
industry experts, cutting-edge AI-powered Market Intelligence
Cloud, and years of research. The KnowledgeStore™ (our Market
Intelligence Cloud) integrates our research, facilitates an
analysis of interconnections through a set of applications, helping
clients look at the entire ecosystem and understand the revenue
shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us
on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight:
https://www.marketsandmarkets.com/ResearchInsight/india-drone-companies.asp
Content Source:
https://www.marketsandmarkets.com/PressReleases/india-drone.asp
Logo:
https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/india-drone-market-worth-1-437-million-by-2029---exclusive-report-by-marketsandmarkets-302145940.html