India Drone Market Expected to Boom with 9.13% Compound Annual Growth

• The India drone market is estimated to be worth USD 1108.9 million globally in 2023 and is expected to increase at a compound annual growth rate (CAGR) of 9.13% between 2024 and 2034, reaching USD 2899.2 million by then. Numerous sensors, cameras, and navigation systems are installed in them.
• A drone, also known as an unmanned aerial vehicle (UAV), is an aircraft that can fly without a pilot present. These airplanes are robotic and can be remotely controlled by a human operator.
• They can also fly autonomously using pre-programmed flight paths. Their capacity to collect vital data quickly has made them essential tools for enhancing farming methods and boosting output in a sustainable manner.

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GROWTH DRIVERS

• A significant portion of the rural population relies heavily on agriculture for their subsistence, and it is a major driver of the Indian economy. It gives farmers the chance to increase agricultural yield, reduce costs, and promote sustainability.
• By using drones to track soil moisture levels, temperature, and humidity, farmers can plan planting dates, harvesting schedules, and disease detection.
• In addition, they are in great demand across a range of sectors, including as government and law enforcement, urban planning, healthcare, and agriculture (for the assessment of crops), among others. The expanding array of uses is another important factor propelling the drone industry in India.

MARKET SEGMENTATION:

By Product?–

·?????????Mapping and Survey Drone

·?????????Industrial Drone

·?????????Agriculture Drones

·?????????Solar Panel Cleaning Drones

·?????????Delivery Drones

By Type?–

·?????????Fixed Wings

o???Conventional Take-off and Landing (CTOL)

o???Vertical Take-off and Landing (VTOL)

·?????????Rotatory Wings

o???Single Rotor

o???Multirotor

§??Bicopter

§??Tricopter

§??Quadcopter

§??Hexacopter

§??Octocopter

·?????????Hybrid Wings

By Components?–

·?????????Software

o???Flight control software

o???Mission planning software

o???Image processing software

o???Others

·?????????Hardware

o???Frames

o???Motors

o???Mirrors

o???GPS Module

o???Camera

o???Batteries

o???Others

·?????????Accessories

o???Remote controller

o???FPV (First Person View) goggles or monitor

o???Landing gear

o???Others

By Range?–

·?????????Visual Line of Sight (VLOS)

·?????????Extended Visual Line of Sight (EVLOS)

·?????????Beyond Visual Line of Sight (BVLOS)

By Mode of Operation?–

·?????????Remotely Piloted

·?????????Optionally Piloted

·?????????Fully Autonomous

By Maximum Take-off Weight?–

·?????????<25KG

·?????????25-170 KG

·?????????>170KG

By System –

·?????????Platforms

·?????????Payloads

·?????????Data Links

·?????????Ground Control Stations

·?????????Launch and recovery Systems

By Industry?–

·?????????Defense And Security

·?????????Agriculture

·?????????Logistics and Transportation

·?????????Energy and Power

·?????????Construction and Mining

·?????????Media and Entertainment

·?????????Insurance

·?????????Wildlife and insurance

·?????????Academics and Research

By Application?–

·?????????Agricultural Services

·?????????Industrial Drones

·?????????Infrastructure Services

·?????????GIS & Engineering Services

·?????????Training

·?????????Mapping and Surveying

·?????????Security and Surveillance

·?????????Humanitarian Assistance

By Point of Sale –

·?????????OEM

·?????????Aftermarket

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Global Key Players:

·?????????Paras Defence And Space

·?????????ideaForge Technology Ltd

·?????????CDSpace

·?????????Asteria Aerospace Limited

·?????????RattanIndia Enterprises

·?????????Droneacharya Aerial Innovations

·?????????DCM Shriram Industries

·?????????Garuda Aerospace

·?????????Thanos

·?????????Drogo Drones

·?????????Other players

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