India Drone Market

India Drone Market by Platform (Civil and Commercial, Defense), Point of Sale (OEM, Aftermarket), Application (Military, Commercial, Government and Law Enforcement, Consumer), Systems and Industry - Forecast to 2029

Report Code: AS 9021 May, 2024, by marketsandmarkets.com

[281 Pages Report] 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. 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.

Investments are surging, with substantial funding flowing into R&D and startup ecosystems specializing in advanced drone technologies. This includes enhancements in long-range capabilities and battery life, which are critical for India’s vast and diverse terrain. The market is also witnessing a shift from primarily military uses to a broad spectrum of commercial applications, including agriculture for crop assessment, urban planning for smart city initiatives, and healthcare for medical supply delivery. The entrepreneurial landscape is vibrant, with numerous startups emerging as frontrunners due to their innovative approaches in drone technology. This growth is supported by robust government initiatives aiming to foster world-class drone testing and piloting infrastructure, further positioning India as a global leader in this high-potential market. Moreover, the adoption of drones is being catalyzed by their critical role in modernizing India’s infrastructure and improving service delivery mechanisms in both urban and rural areas

In conclusion, the Indian drone market is set for unprecedented growth with a promising future. It is characterized by innovative startups, supportive government policies, and a wide array of applications that extend far beyond traditional boundaries, making it a pivotal element in India's technological ascendancy. This dynamic sector is anticipated to be a cornerstone in the digital and physical infrastructure expansion essential for India's next phase of growth and development.

India Drone Market

India Drone Market

India Drone Market Forecast to 2029

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India Drone Market-   Market Dynamics

Driver: Growing emphasis on precision farming

The Indian economy is largely based on agriculture, which is the main livelihood source for the vast majority of its rural population. Its economic stability is significantly influenced by its agricultural output, which plays a crucial role in its export sector. However, the agricultural sector lags in adopting modern technological advancements. The primary challenges facing this sector include crop failures caused by unfavorable weather and uncontrolled pest attacks. Even today, many Indian farmers rely on seasonal monsoon rains to water their crops and continue to use traditional farming techniques.

Drones offer various applications to address the various challenges plaguing Indian agriculture. Through precision agriculture and the introduction of novel farming methods, drones enable farmers to boost their crop yield, minimize expenses, and enhance the ecological sustainability of their practices. This shift can ensure a stable and enduring food supply for the rapidly expanding Indian population. IoT devices deployed across agricultural lands gather essential information about factors affecting crop development and productivity, such as soil moisture levels, temperatures, and humidity. Utilizing this data allows for effectively monitoring and managing these factors, determining the ideal time for planting, harvesting, and disease detection.

Restraints: High dependence on foreign suppliers

The lack of a matured domestic ecosystem for drone components forces manufacturers to import materials and introduces several restraints within the Indian drone market. The dependency on foreign suppliers makes the industry vulnerable to international market fluctuations, exchange rate volatilities, and potential geopolitical conflicts that could disrupt supply chains. This reliance inhibits the growth of indigenous capabilities, limiting advancements in drone technology tailored to India's unique requirements and conditions. The government aims to encourage local manufacturing by imposing import restrictions while exempting components, paradoxically maintaining this dependency, underscoring the need for a more comprehensive approach to developing an internal component manufacturing base. The lack of a domestic component ecosystem can lead to increased costs for manufacturers, making drones less competitive in domestic and international markets. To overcome these restraints, a concerted government and private sector effort is essential to build a robust component manufacturing ecosystem that can support the burgeoning drone industry.

Opportunities: Rising use of drones in logistics industry

Global supply networks are undergoing a fundamental shift as the post-pandemic world settles into a new normal. The increasing demands of consumers and the necessity for businesses to offer an enhanced customer experience are driving the need for supply chains that are swifter, more integrated, and economically viable. The rising expectation for immediate and within-the-day deliveries prompts merchants and logistic companies to explore alternatives to traditional, vehicle-dependent delivery networks.

In 2022, The World Economic Forum reported that the global daily delivery of packages and documents reached 85 million. In addition to managing this immense volume of shipments, research indicates that the final segment of delivery, often referred to as the last mile, is usually the most time-intensive part of the shipping process and accounts for about half of the entire cost associated with logistics. As logistics stakeholders seek remedies for the inefficiencies plaguing the last stretch of delivery, many companies are adopting drone technology.

Drones help manage operational expenses, navigate traffic constraints, and cut down on vehicle emissions, all while meeting the rising consumer demand for swift and on-demand delivery services. Although initially developed for military use, drones are now revolutionizing the supply chain and logistics industries, with diverse applications ranging from warehouse management and geolocation services to inspecting and mapping dangerous areas and delivering packages.

Challenges: Limited payload capacity

It is essential to figure out how the weight a drone carries can impact its flight. Heavier payloads require more power to lift and maintain flight, reducing flight times. This is compounded by varied climates, from hot, dry regions to humid coastal areas, affecting battery performance and motor efficiency. Moreover, adhering to drone regulations, which dictate weight categories and payload limits, adds to this complexity. Innovations in battery technology, materials science, and aerodynamic design are key to overcoming these challenges, as they can enable drones to carry heavier payloads without significantly compromising flight time. Operational strategies, such as optimizing flight paths and conducting mid-mission battery swaps, also play a role in mitigating the impact of payloads on flight durations.

India Drone Market Ecosystem

Companies that provide Drones include government firms, industries, commercial, and military as key stakeholders in the Indian drone market. Investors, funders, academic researchers, integrators, service providers, and licensing authorities are the major influencers in this market. Prominent companies in this market include Paras Aerospace, ideaforge Technology Ltd., Throttle Aerospace Systems Pvt. Ltd., Garuda Aerospace, Asteria Aerospace Limited, General Aeronautics, and Newspace Research Technologies Pvt. Ltd., Iotechworld, Adani Defense and Aerospace, Tata Advanced Systems Limited, CDSpace, Thanos, Dhaksha Unmanned Systems, Marut Dronetech Private Limited, Hubblefly Technologies, Raphe

India Drone Market by Ecosystem

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The Platform systems segment is projected to hold the highest share of the market by the system during the forecast period.

The segment concerning system platforms is projected to be the market leader. There is an increasing need for drones in various industries such as agriculture, defense, entertainment, and delivery services. The fundamental components of drones are platform systems, which encompass the airframe, propulsion system, and both avionics and software. Growth in these industries is expected to boost investments in drone development and procurement, which in turn will have a significant impact on the market size of platform systems.

The logistics and transportation segment is projected to grow at the highest rate according to industry type.

Based on industry type, logistics, and transportation are projected to grow at the highest rate during the forecast period. this surge is primarily driven by the booming e-commerce industry, significant investments in infrastructure development, and policy reforms aimed at enhancing trade facilitation. Moreover, the rapid urbanization and the need for efficient supply chain solutions to cater to a vast and diverse market further fuel this growth, positioning India as a key player in the global logistics and transportation landscape.

The OEM segment is projected to hold the highest share of the market by the point of sale during the forecast period.

The dominance of the Original Equipment Manufacturer (OEM) sector in India's drone market stems from robust government support for local manufacturing, substantial demand from both military and commercial sectors, and progress in indigenous drone technology. The affordability of drones produced in India, along with their export potential, further consolidates the OEM segment's leading position in the market.

Key Market Players

Major Service providers in this market 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.

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Scope of the Report

Report Metric

Details

Market size available for years

2020–2029

Volume Size Available for years

2020- 2029

Base year considered

2023

Forecast period

2024-2029

Forecast units

Value (USD Billion) Volume (Units)

Segments Covered

By Platform, By Systems, By Application, By Industry, By Point of sale

Geographies covered

India

Companies covered

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.

India Drone Market Highlights

The study categorizes India drone market based on Forecast By Platform, Systems, Application, Industry, and point of sale.

Segment

Subsegment

By Platform

  • Civil and Commercial
    • Micro
    • Small
    • Medium
    • Large
  • Defense
    • Small
    • Tactical
    • Strategic

By Systems

  • Platforms
    • Airframes
    • Avionics
    • Propulsion Systems
    • Software
  • Payloads
    • Cameras
    • Intelligence Payloads
    • Radars
    • LiDAR
    • Gimbals
  • Datalinks
  • Ground Control Stations
  • Launch and Recovery Systems

By Industry

  • Defense and Security
  • Agriculture
  • Logistics and Transportation
    • Transportation
    • Postal and Package Deliver
    • Healthcare and Pharmacy Delivery
  • Energy and Power
    • Power Generation
    • Oil and Gas
  • Construction and Mining
  • Media and Entertainment
  • Insurance
  • Wildlife and Forestry
  • Academics and Research

By Applications

  • Military
    • Intelligence, Surveillance, and Reconnaissance
    • Combat Operations
    • Delivery
  • Commercial
    • Remote Sensing
    • Inspection and Monitoring
    • Product Delivery
    • Surveying and Mapping
    • Aerial Imaging
  • Government and Law Enforcement
    • Border Management
    • Traffic Monitoring
    • Firefighting and Disaster Management
    • Police Operations and Investigations
    • Maritime Security
  • Consumer
    • Prosumers
    • Hobbyists

By Point of Sale

  • OEM
  • Aftermarket
    • MRO
    • Replacement Parts and Software Upgrades
    • Simulation and Training

Recent Developments

  • In March 2024, BEML has signed an MoU with Garuda Aerospace, wherein BEML will assemble and integrate drones. This partnership involves the execution of a developmental order to gain insight into the technological know-how and to establish necessary facilities for drone production.
  • In September 2023,  GalaxEye Space Solutions Pvt. Ltd. and ideaForge Technology Ltd. entered into an agreement to create a UAV equipped with a foliage penetration radar to be used by the Indian security forces. Under this agreement, ideaForge will bring its expertise in UAV technology, combining it with GalaxEye’s advanced Synthetic Aperture Radar (SAR) technology.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 28)
    1.1 INTRODUCTION 
    1.2 STUDY OBJECTIVES 
    1.3 MARKET DEFINITION 
    1.4 STUDY SCOPE 
           1.4.1 MARKETS COVERED
                    FIGURE 1 INDIA DRONE MARKET SEGMENTATION
           1.4.2 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED 
           TABLE 1 USD EXCHANGE RATES
    1.6 INCLUSIONS AND EXCLUSIONS 
           TABLE 2 INCLUSIONS AND EXCLUSIONS
    1.7 STAKEHOLDERS 
 
2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA 
           FIGURE 2 RESEARCH PROCESS FLOW
           FIGURE 3 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key insights from primary sources
                    2.1.2.2 Key data from primary sources
    2.2 FACTOR ANALYSIS 
           2.2.1 INTRODUCTION
           2.2.2 DEMAND-SIDE INDICATORS
                    TABLE 3 IMPACT OF DEMAND-SIDE INDICATORS
           2.2.3 SUPPLY-SIDE INDICATORS
                    TABLE 4 IMPACT OF SUPPLY-SIDE INDICATORS
    2.3 RESEARCH APPROACH AND METHODOLOGY 
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 Market size estimation and methodology
                    2.3.1.2 Pricing analysis of drones
                               FIGURE 4 BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 5 TOP-DOWN APPROACH
    2.4 DATA TRIANGULATION AND VALIDATION 
           2.4.1 TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH
                    FIGURE 6 DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS 
    2.6 RESEARCH LIMITATIONS 
    2.7 RISK ASSESSMENT 
 
3 EXECUTIVE SUMMARY (Page No. - 49)
    FIGURE 7 PAYLOADS SEGMENT TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 8 DEFENSE AND SECURITY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
    FIGURE 9 COMMERCIAL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 10 OEM SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
    FIGURE 11 MARKET FLOW IN INDIA DRONE MARKET, 2023 (USD MILLION)
    FIGURE 12 MARKET SCENARIO ANALYSIS, 2020–2029
 
4 PREMIUM INSIGHTS (Page No. - 53)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INDIA DRONE MARKET 
           FIGURE 13 FLOURISHING STARTUP SCENARIO AND STRONG GOVERNMENT SUPPORT TO DRIVE MARKET
    4.2 INDIA DRONE MARKET, BY SYSTEM 
           FIGURE 14 PLATFORMS SEGMENT TO RECORD LARGEST MARKET SHARE DURING FORECAST PERIOD
    4.3 INDIA DRONE MARKET, BY PLATFORM 
           FIGURE 15 DEFENSE SEGMENT TO LEAD LARGEST MARKET SHARE DURING FORECAST PERIOD
           FIGURE 16 SMALL SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD (UNITS)
    4.4 INDIA DRONE MARKET, BY POINT OF SALE 
           FIGURE 17 OEM SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
    4.5 INDIA DRONE MARKET, BY INDUSTRY 
           FIGURE 18 DEFENSE AND SECURITY SEGMENT TO HOLD LARGEST MARKET SHARE FROM 2024 TO 2029
    4.6 INDIA DRONE MARKET, BY APPLICATION 
           FIGURE 19 MILITARY SEGMENT TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 57)
    5.1 INTRODUCTION 
           FIGURE 20 EVOLUTION OF INDIA DRONE MARKET
    5.2 MARKET DYNAMICS 
           FIGURE 21 INDIA DRONE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Favorable regulatory frameworks and government initiatives
                               FIGURE 22 ROADMAP OF GOVERNMENT POLICIES AND REGULATORY FRAMEWORKS
                               FIGURE 23 GOVERNMENT INITIATIVES TO PROMOTE DRONE APPLICATIONS
                    5.2.1.2 Growing emphasis on precision farming
                               FIGURE 24 AGRICULTURE DRONES AND THEIR BENEFITS
                               TABLE 5 AGRICULTURE DRONE USAGE, BY APPLICATION, 2023–2029
                               FIGURE 25 AGRICULTURE DRONE USAGE, BY DRONE TYPE, 2023–2029
                    5.2.1.3 Surging demand for surveillance and border security drones
                               TABLE 6 DRONE INTRUSION CASES, 2021–2022
                               TABLE 7 SMALL MILITARY DRONES USED BY INDIAN ARMED FORCES
                    5.2.1.4 Increasing adoption of drones for commercial applications
                               FIGURE 26 ADVANTAGES OF DRONES
                               FIGURE 27 APPLICATION-BASED BARRIERS FOR DRONE MANUFACTURING
                               TABLE 8 DRONE USAGE BY INDIAN COMPANIES
           5.2.2 RESTRAINTS
                    5.2.2.1 High dependence on foreign suppliers
                               FIGURE 28 IMPORT PERCENTAGE OF DRONE COMPONENTS, 2023
                    5.2.2.2 Data privacy and security concerns
                               FIGURE 29 CYBER ATTACKS TARGETING FLIGHT CONTROLLERS, STATIONS, DATA LINKS, AND GROUND CONTROLS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising use of drones in logistics industry
                               FIGURE 30 FUTURE OF DRONES IN LOGISTICS INDUSTRY
                               FIGURE 31 BENEFITS OF DEPLOYING DRONES IN LOGISTICS INDUSTRY
                    5.2.3.2 Need for real-time traffic monitoring and management
                               FIGURE 32 BENEFITS OF DRONES USED IN TRAFFIC MONITORING AND MANAGEMENT
           5.2.4 CHALLENGES
                    5.2.4.1 Limited payload capacity
                               FIGURE 33 FLIGHT TIME VS. BATTERY CAPACITY
                               FIGURE 34 MASS VS. FLIGHT TIME
                               TABLE 9 ENDURANCE-BASED MAPPING OF POWER SOURCES
                    5.2.4.2 Complex integration of advanced technologies in drones
    5.3 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 35 REVENUE SHIFT AND NEW REVENUE POCKETS FOR INDIA DRONE MARKET PLAYERS
    5.4 VALUE CHAIN ANALYSIS 
           FIGURE 36 VALUE CHAIN ANALYSIS
           5.4.1 PLANNING AND REVISED FUNDING
           5.4.2 RESEARCH & DEVELOPMENT
           5.4.3 RAW MATERIAL PROCUREMENT AND MANUFACTURING
           5.4.4 ASSEMBLY, TESTING, AND APPROVALS
           5.4.5 DISTRIBUTION AND AFTER-SALE SERVICES
    5.5 ECOSYSTEM ANALYSIS 
           5.5.1 COMPONENT MANUFACTURERS
           5.5.2 SYSTEM INTEGRATORS
           5.5.3 SERVICE PROVIDERS
           5.5.4 COMPONENT IMPORTERS
           FIGURE 37 ECOSYSTEM ANALYSIS
           TABLE 10 ROLE OF COMPANIES IN ECOSYSTEM
    5.6 OPERATIONAL DATA 
           FIGURE 38 COMMERCIAL DRONE REGISTRATIONS IN INDIA, 2019–2023
           FIGURE 39 DRONE REGISTRATIONS, BY CIVIL AND COMMERCIAL PLATFORM, 2019–2023
           FIGURE 40 TOP 20 DRONE MODELS REGISTERED IN INDIA, 2019–2023
           FIGURE 41 DRONE REGISTRATIONS, BY TYPE, 2020–2023
           FIGURE 42 DRONE REGISTRATION, BY TOP 30 COMPANIES, 2019–2023 (UNITS)
    5.7 BILL OF MATERIALS 
           FIGURE 43 KEY COMPONENT DISTRIBUTION OF COMMERCIAL DRONES
           FIGURE 44 KEY COMPONENT DISTRIBUTION OF MILITARY DRONES
           FIGURE 45 DRONE COMPONENTS IMPORT AND INDIGENOUS DISTRIBUTION
    5.8 USE CASE ANALYSIS 
           5.8.1 AERIAL INSPECTION OF 10 MW SOLAR INSTALLATION IN SOUTHERN INDIA
           5.8.2 INTEGRATION OF DRONE TECHNOLOGY IN TRANSMISSION PROJECT CONSTRUCTION
           5.8.3 DRONE-AS-A-SERVICE FOR AGRICULTURAL MONITORING
           TABLE 11 OTHER USES CASES OF DRONES IN INDIA
    5.9 TOTAL COST OF OWNERSHIP 
           FIGURE 46 TOTAL COST OF OWNERSHIP ASSOCIATED WITH DRONE ACQUISITION
           FIGURE 47 AVERAGE BREAKDOWN OF MAJOR COST CATEGORIES RELATED TO AGRICULTURE DRONES (%)
           FIGURE 48 AVERAGE BREAKDOWN OF COST CATEGORIES FOR HIGHEST-SELLING AGRICULTURE DRONES (%)
           TABLE 12 TOTAL COST OF OWNERSHIP FOR AGRICULTURE DRONES (USD)
           FIGURE 49 AVERAGE BREAKDOWN OF MAJOR COST CATEGORIES FOR STRATEGIC DRONES (%)
    5.10 PRICING ANALYSIS 
           5.10.1 INDICATIVE PRICING ANALYSIS
                    FIGURE 50 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TOP 3 CIVIL AND COMMERCIAL PLATFORMS, 2023
                    FIGURE 51 AVERAGE SELLING PRICE TREND, BY DEFENSE PLATFORM, 2023
                    TABLE 13 PRICE COMPARISON OF DRONES, BY COUNTRY
    5.11 BUSINESS MODEL 
           FIGURE 52 BUSINESS MODEL OF KEY PLAYERS
    5.12 INVESTMENT AND FUNDING SCENARIO 
           FIGURE 53 FUNDING BREAKUP OF DRONE TECH STARTUPS, 2014–2023
           FIGURE 54 INVESTMENT AND FUNDING SCENARIO, 2020–2024
    5.13 FUNDING, BY USE CASE/APPLICATION 
           TABLE 14 FUNDING BY USE CASE/APPLICATION
    5.14 MARKET SCENARIO ANALYSIS 
           FIGURE 55 MARKET SCENARIO ANALYSIS, 2024–2029
           FIGURE 56 INDIA DRONE MARKET FORECAST SCENARIO, 2024–2029 (UNITS)
           TABLE 15 INDIA DRONE MARKET FORECAST SCENARIO, 2024–2029 (UNITS)
           FIGURE 57 INDIA DRONE MARKET FORECAST SCENARIO, 2024–2029 (USD MILLION)
           TABLE 16 INDIA DRONE MARKET FORECAST SCENARIO, 2024–2029 (USD MILLION)
           5.14.1 MOST LIKELY SCENARIO
    5.15 KEY CONFERENCES AND EVENTS 
           TABLE 17 KEY CONFERENCES AND EVENTS, 2024–2025
    5.16 TECHNOLOGY ANALYSIS 
           TABLE 18 TECHNOLOGY ANALYSIS
    5.17 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.17.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 58 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
                    TABLE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
           5.17.2 BUYING CRITERIA
                    FIGURE 59 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                    TABLE 20 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
    5.18 REGULATORY LANDSCAPE 
           5.18.1 INTRODUCTION
           5.18.2 DRONE RULE, 2021
                    TABLE 21 KEY PROVISIONS UNDER DRONE RULES, 2021
           5.18.3 STATE POLICY AND REGULATORY FRAMEWORK FOR DRONES
                    FIGURE 60 STATE POLICY AND REGULATORY FRAMEWORK STATUS
                    TABLE 22 COMPARISON OF REGULATORY FRAMEWORKS IN 16 COUNTRIES
 
6 INDUSTRY TRENDS (Page No. - 116)
    6.1 INTRODUCTION 
    6.2 TECHNOLOGY TRENDS 
           FIGURE 61 TECHNOLOGY TRENDS
           6.2.1 HIGH-ALTITUDE PSEUDO-SATELLITES
           6.2.2 AERIAL TARGET DRONES
           6.2.3 DRONE MANUFACTURING USING ADVANCED MATERIALS
           FIGURE 62 MULTI-FUNCTIONAL MATERIALS USED IN MANUFACTURING DRONES
           6.2.4 INTEGRATION OF NAVIGATION WITH INDIAN CONSTELLATION INTO DRONES
           6.2.5 STEALTH COMBAT DRONES
    6.3 IMPACT OF MEGATRENDS 
           6.3.1 3D PRINTING
           6.3.2 ARTIFICIAL INTELLIGENCE
           6.3.3 INTERNET OF THINGS
    6.4 SUPPLY CHAIN ANALYSIS 
           FIGURE 63 SUPPLY CHAIN ANALYSIS
    6.5 TECHNOLOGY ROADMAP 
           FIGURE 64 EVOLUTION OF DRONE TECHNOLOGY
           FIGURE 65 TECHNOLOGY ROADMAP
           FIGURE 66 EMERGING TRENDS
 
7 INDIA DRONE MARKET, BY PLATFORM (Page No. - 124)
    7.1 INTRODUCTION 
           FIGURE 67 INDIA DRONE MARKET, BY PLATFORM, 2024–2029
           TABLE 23 INDIA DRONE MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
           TABLE 24 INDIA DRONE MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
    7.2 CIVIL AND COMMERCIAL 
           TABLE 25 CIVIL AND COMMERCIAL: INDIA DRONE MARKET, BY PLATFORM, 2020–2023 (UNITS)
           TABLE 26 CIVIL AND COMMERCIAL: INDIA DRONE MARKET, BY PLATFORM, 2024–2029 (UNITS)
           FIGURE 68 INDIA DRONE MARKET, BY CIVIL AND COMMERCIAL PLATFORM, 2024–2029
           TABLE 27 CIVIL AND COMMERCIAL: INDIA DRONE MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
           TABLE 28 CIVIL AND COMMERCIAL: INDIA DRONE MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
           7.2.1 MICRO
                    7.2.1.1 Need for cost-effective and lightweight drones to drive market
           7.2.2 SMALL
                    7.2.2.1 Rising use of drones in crop monitoring, wildlife conservation, and cinematography to drive market
           7.2.3 MEDIUM
                    7.2.3.1 Growing adoption of drones in package delivery, meteorological research, and intelligence collection to drive market
           7.2.4 LARGE
                    7.2.4.1 Increasing demand for passenger drones to drive market
    7.3 DEFENSE 
           TABLE 29 DEFENSE: INDIA DRONE MARKET, BY PLATFORM, 2020–2023 (UNITS)
           TABLE 30 DEFENSE: INDIA DRONE MARKET, BY PLATFORM, 2024–2029 (UNITS)
           FIGURE 69 INDIA DRONE MARKET, BY DEFENSE PLATFORM, 2024–2029
           TABLE 31 DEFENSE: INDIA DRONE MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
           TABLE 32 DEFENSE: INDIA DRONE MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
           7.3.1 SMALL
                    7.3.1.1 Rising use of small drones in military applications to drive market
           7.3.2 TACTICAL
                    7.3.2.1 Growing demand for high endurance in drones to drive market
           7.3.3 STRATEGIC
                    7.3.3.1 Surge in demand for high payload capability to drive market
 
8 INDIA DRONE MARKET, BY SYSTEM (Page No. - 134)
    8.1 INTRODUCTION 
           FIGURE 70 INDIA DRONE MARKET, BY SYSTEM, 2024–2029
           TABLE 33 INDIA DRONE MARKET, BY SYSTEM, 2020–2023 (USD MILLION)
           TABLE 34 INDIA DRONE MARKET, BY SYSTEM, 2024–2029 (USD MILLION)
    8.2 PLATFORMS 
           8.2.1 AIRFRAMES
                    8.2.1.1 Growing collaborations between government agencies, research institutions, and private enterprises to drive market
           8.2.2 AVIONICS
                    8.2.2.1 Advancements in sensor technology for enhanced navigation and data collection capabilities to drive market
           8.2.3 PROPULSION SYSTEMS
                    8.2.3.1 Increasing focus on developing gas turbine engines to drive market
           8.2.4 SOFTWARE
                    8.2.4.1 Development of AI-powered analytics for efficient data processing and actionable insights to drive market
    8.3 PAYLOADS 
           8.3.1 CAMERAS
                    8.3.1.1 Increasing adoption of drones for aerial photography, infrastructure inspection, and urban planning to drive market
           8.3.2 INTELLIGENCE PAYLOADS
                    8.3.2.1 Growing demand for enhanced situational awareness to drive market
           8.3.3 RADARS
                    8.3.3.1 Rising need for real-time high-resolution imaging and improved warning systems to drive market
           8.3.4 LIDAR
                    8.3.4.1 Booming demand for high-precision mapping and surveying to drive market
           8.3.5 GIMBALS
                    8.3.5.1 Growing inclination toward drone photography to drive market
    8.4 DATA LINKS 
           8.4.1 INCREASING EMPHASIS ON TRANSMITTING LOCATION, FLIGHT TIME, AND AIRSPEED DURING FLIGHTS TO DRIVE MARKET
    8.5 GROUND CONTROL STATIONS 
           8.5.1 REMOTE MONITORING, MISSION PLANNING, AND ALTITUDE CONTROLLING APPLICATIONS TO DRIVE MARKET
    8.6 LAUNCH AND RECOVERY SYSTEMS 
           8.6.1 HIGH DEMAND IN MILITARY SECTOR TO DRIVE MARKET
 
9 INDIA DRONE MARKET, BY INDUSTRY (Page No. - 142)
    9.1 INTRODUCTION 
           FIGURE 71 INDIA DRONE MARKET, BY INDUSTRY, 2024–2029
           TABLE 35 INDIA DRONE MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
           TABLE 36 INDIA DRONE MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)
    9.2 DEFENSE AND SECURITY 
           9.2.1 DISASTER MANAGEMENT APPLICATIONS TO DRIVE MARKET
    9.3 AGRICULTURE 
           9.3.1 AGRARIAN ECONOMIC NATURE OF INDIA TO DRIVE MARKET
    9.4 LOGISTICS AND TRANSPORTATION 
           9.4.1 TRANSPORTATION
                    9.4.1.1 Growing focus on sustainable logistics to drive market
           9.4.2 POSTAL AND PACKAGE DELIVERY
                    9.4.2.1 Increasing emphasis on remote area delivery to drive market
           9.4.3 HEALTHCARE AND PHARMACY DELIVERY
                    9.4.3.1 Rise in use of drones for emergency response, telemedicine support, and prescription delivery to drive market
    9.5 ENERGY AND POWER 
           9.5.1 POWER GENERATION
                    9.5.1.1 Reduced need for manual inspection to drive market
           9.5.2 OIL & GAS
                    9.5.2.1 Growing focus on safety regulation compliance to drive market
    9.6 CONSTRUCTION AND MINNING 
           9.6.1 SURGE IN USE OF DRONES FOR PROJECT PLANNING AND RESOURCE ALLOCATION TO DRIVE MARKET
    9.7 MEDIA AND ENTERTAINMENT 
           9.7.1 RISING DEMAND FOR REAL-TIME AERIAL FOOTAGE AND VISUAL STORYTELLING TO DRIVE MARKET
    9.8 INSURANCE 
           9.8.1 INCREASING ADOPTION FOR RISK ASSESSMENT, CLAIMS PROCESSING, AND UNDERWRITING TO DRIVE MARKET
    9.9 WILDLIFE AND FORESTRY 
           9.9.1 NEED TO COMBAT POACHING AND TRACK ANIMAL MOVEMENTS TO DRIVE MARKET
    9.10 ACADEMICS AND RESEARCH 
           9.10.1 GROWING USE OF DRONES FOR ENVIRONMENTAL SCIENCE, GEOGRAPHY, AND ARCHAEOLOGY TO DRIVE MARKET
 
10 INDIA DRONE MARKET, BY APPLICATION (Page No. - 151)
     10.1 INTRODUCTION 
             TABLE 37 INDIA DRONE MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
             TABLE 38 INDIA DRONE MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
     10.2 MILITARY 
             TABLE 39 MILITARY: INDIA DRONE MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
             TABLE 40 MILITARY: INDIA DRONE MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
             10.2.1 INTELLIGENCE, SURVEILLANCE, AND RECONNAISSANCE
                        10.2.1.1 Rising need for improved battlefield intelligence gathering to drive market
             10.2.2 COMBAT OPERATIONS
                        10.2.2.1 Growing demand for minimized collateral damage for ground troops to drive market
             10.2.3 DELIVERY
                        10.2.3.1 Need for timely and safe resupply to frontline units to drive market
     10.3 COMMERCIAL 
             10.3.1 INSPECTION AND MONITORING
                        10.3.1.1 Favorable government policies for unmanned aerial vehicles to drive market
             10.3.2 REMOTE SENSING
                        10.3.2.1 Surge in 3D infrastructure modeling to drive market
             10.3.3 SURVEYING AND MAPPING
                        10.3.3.1 Increased topographic survey, photogrammetry consultancy, and vegetation mapping to drive market
             10.3.4 PRODUCT DELIVERY
                        10.3.4.1 Rapid expansion of e-commerce and demand for efficient last-mile delivery solutions to drive market
             10.3.5 AERIAL IMAGING
                        10.3.5.1 Surge in use of drones for agile acrobatic shots and semi-orthometric aerial photography to drive market
     10.4 GOVERNMENT AND LAW ENFORCEMENT 
             10.4.1 BORDER MANAGEMENT
                        10.4.1.1 Booming use of drones for threat detection on borders to drive market
             10.4.2 TRAFFIC MONITORING
                        10.4.2.1 Increased emphasis on better traffic flow and road safety to drive market
             10.4.3 FIREFIGHTING AND DISASTER MANAGEMENT
                        10.4.3.1 Growing focus on prompt response time during disasters to drive market
             10.4.4 POLICE OPERATIONS AND INVESTIGATIONS
                        10.4.4.1 Increasing use of drones for crime scene analysis to drive market
             10.4.5 MARITIME SECURITY
                        10.4.5.1 Surge in anti-piracy operations to drive market
     10.5 CONSUMER 
             10.5.1 PROSUMERS
                        10.5.1.1 Increased use of drones for weddings and other events to drive market
             10.5.2 HOBBYISTS
                        10.5.2.1 Expanding use of drones for vlogging to drive market
 
11 INDIA DRONE MARKET, BY POINT OF SALE (Page No. - 160)
     11.1 INTRODUCTION 
             FIGURE 73 INDIA DRONE MARKET, BY POINT OF SALE, 2024–2029
             TABLE 41 INDIA DRONE MARKET, BY POINT OF SALE, 2020–2023 (USD MILLION)
             TABLE 42 INDIA DRONE MARKET, BY POINT OF SALE, 2024–2029 (USD MILLION)
     11.2 OEM 
             11.2.1 INCREASING ADOPTION OF DRONES IN AGRICULTURE, CONSTRUCTION, INFRASTRUCTURE, AND LOGISTICS TO DRIVE MARKET
     11.3 AFTERMARKET 
             11.3.1 MRO
                        11.3.1.1 Stringent regulatory environment governing commercial drone operations to drive market
             11.3.2 REPLACEMENT PARTS AND SOFTWARE UPGRADES
                        11.3.2.1 Rising need for optimized drone performance to drive market
             11.3.3 SIMULATION AND TRAINING
                        11.3.3.1 Growing government initiatives such as Drone Certification Scheme to drive market
 
12 COMPETITIVE LANDSCAPE (Page No. - 164)
     12.1 INTRODUCTION 
     12.2 KEY PLAYER STRATEGIES 
             TABLE 43 KEY PLAYER STRATEGIES, 2023–2024
     12.3 RANKING ANALYSIS 
     12.4 BRAND AND PRODUCT COMPARISON 
             12.4.1 BRAND AND PRODUCT COMPARISON
                        FIGURE 75 BRAND COMPARISON, 2023
             12.4.2 PRODUCT COMPARISON
                        TABLE 44 PRODUCT COMPARISON OF COMMERCIAL DRONES, 2023
                        TABLE 45 PRODUCT COMPARISON OF MILITARY DRONES, 2023
     12.5 COMPANY VALUATION AND FINANCIAL METRICS 
             TABLE 46 COMPANY VALUATION OF KEY PLAYERS, 2018–2023
             TABLE 47 FINANCIAL METRICS OF KEY PLAYERS, 2018–2023
     12.6 REVENUE ANALYSIS 
     12.7 MARKET SHARE ANALYSIS 
             FIGURE 79 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023
             TABLE 48 INDIA DRONE MARKET: DEGREE OF COMPETITION
     12.8 COMPANY EVALUATION MATRIX 
             12.8.1 STARS
             12.8.2 EMERGING LEADERS
             12.8.3 PERVASIVE PLAYERS
             12.8.4 PARTICIPANTS
                        FIGURE 80 INDIA DRONE MARKET: COMPANY EVALUATION MATRIX, 2023
             12.8.5 COMPANY FOOTPRINT
                        FIGURE 81 INDIA DRONE MARKET: COMPANY FOOTPRINT
                        TABLE 49 INDIA DRONE MARKET: PLATFORM FOOTPRINT
                        TABLE 50 INDIA DRONE MARKET: INDUSTRY FOOTPRINT
                        TABLE 51 INDIA DRONE MARKET: APPLICATION FOOTPRINT
                        TABLE 52 INDIA DRONE MARKET: POINT OF SALE FOOTPRINT
     12.9 STARTUP/SME EVALUATION MATRIX 
             12.9.1 PROGRESSIVE COMPANIES
             12.9.2 RESPONSIVE COMPANIES
             12.9.3 DYNAMIC COMPANIES
             12.9.4 STARTING BLOCKS
                        FIGURE 82 INDIA DRONE MARKET: STARTUP/SME EVALUATION MATRIX, 2023
             12.9.5 COMPETITIVE BENCHMARKING
                        TABLE 53 INDIA DRONE MARKET: KEY STARTUPS/SMES
                        TABLE 54 INDIA DRONE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     12.1 COMPETITIVE SCENARIOS AND TRENDS 
             12.10.1 MARKET EVALUATION FRAMEWORK
             12.10.2 PRODUCT LAUNCHES
                        TABLE 55 INDIA DRONE MARKET: PRODUCT LAUNCHES, JANUARY 2021–MARCH 2024
             12.10.3 DEALS
                        TABLE 56 INDIA DRONE MARKET: DEALS, JANUARY 2021–MARCH 2024
                        TABLE 57 INDIA DRONE MARKET: EXPANSIONS, JANUARY 2021–MARCH 2024
                        TABLE 58 INDIA DRONE MARKET: OTHER DEVELOPMENTS, JANUARY 2021–MARCH 2024
 
13 COMPANY PROFILES (Page No. - 196)
(Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Right to win, Strategic choices, Weaknesses and competitive threats) *  
     13.1 INTRODUCTION 
     13.2 KEY PLAYERS 
             13.2.1 IDEAFORGE TECHNOLOGY LTD.
                        TABLE 59 IDEAFORGE TECHNOLOGY LTD.: COMPANY OVERVIEW
           FIGURE 83 IDEAFORGE TECHNOLOGY LTD.: COMPANY SNAPSHOT
                        TABLE 60 IDEAFORGE TECHNOLOGY LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 61 IDEAFORGE TECHNOLOGY LTD.: PRODUCT LAUNCHES
                        TABLE 62 IDEAFORGE TECHNOLOGY LTD.: DEALS
                        TABLE 63 IDEAFORGE TECHNOLOGY LTD.: OTHER DEVELOPMENTS
             13.2.2 NEWSPACE RESEARCH AND TECHNOLOGIES PVT. LTD.
                        TABLE 64 NEWSPACE RESEARCH AND TECHNOLOGIES PVT. LTD.: COMPANY OVERVIEW
                        TABLE 65 NEWSPACE RESEARCH AND TECHNOLOGIES PVT. LTD.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
                        TABLE 66 NEWSPACE RESEARCH AND TECHNOLOGIES PVT. LTD.: DEALS
                        TABLE 67 NEWSPACE RESEARCH AND TECHNOLOGIES PVT. LTD.: OTHER DEVELOPMENTS
             13.2.3 IOTECHWORLD
                        TABLE 68 IOTECHWORLD: COMPANY OVERVIEW
                        TABLE 69 IOTECHWORLD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 70 IOTECHWORLD: DEALS
                        TABLE 71 IOTECHWORLD: OTHER DEVELOPMENTS
             13.2.4 GARUDA AEROSPACE
                        TABLE 72 GARUDA AEROSPACE: COMPANY OVERVIEW
                        TABLE 73 GARUDA AEROSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 74 GARUDA AEROSPACE: PRODUCT LAUNCHES
                        TABLE 75 GARUDA AEROSPACE: DEALS
             13.2.5 ASTERIA AEROSPACE LIMITED
                        TABLE 76 ASTERIA AEROSPACE LIMITED: COMPANY OVERVIEW
                        TABLE 77 ASTERIA AEROSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.2.6 PARAS AEROSPACE
                        TABLE 78 PARAS AEROSPACE: COMPANY OVERVIEW
                        TABLE 79 PARAS AEROSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 80 PARAS AEROSPACE: PRODUCT LAUNCHES
                        TABLE 81 PARAS AEROSPACE: DEALS
                        TABLE 82 PARAS AEROSPACE: OTHER DEVELOPMENTS
             13.2.7 ADANI DEFENCE AND AEROSPACE
                        TABLE 83 ADANI DEFENCE AND AEROSPACE: COMPANY OVERVIEW
                        TABLE 84 ADANI DEFENCE AND AEROSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 85 ADANI DEFENCE AND AEROSPACE: PRODUCT LAUNCHES
                        TABLE 86 ADANI DEFENCE AND AEROSPACE: DEALS
             13.2.8 DRONIX TECHNOLOGIES PRIVATE LIMITED
                        TABLE 87 DRONIX TECHNOLOGIES PRIVATE LIMITED: COMPANY OVERVIEW
                        TABLE 88 DRONIX TECHNOLOGIES PRIVATE LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.2.9 JOHNNETTE GROUP
                        TABLE 89 JOHNNETTE GROUP: COMPANY OVERVIEW
                        TABLE 90 JOHNNETTE GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 91 JOHNNETTE GROUP: DEALS
                        TABLE 92 JOHNNETTE GROUP: OTHER DEVELOPMENTS
             13.2.10 TATA ADVANCED SYSTEMS LIMITED
                        TABLE 93 TATA ADVANCED SYSTEMS LIMITED: COMPANY OVERVIEW
                        TABLE 94 TATA ADVANCED SYSTEMS LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.2.11 CDSPACE
                        TABLE 95 CDSPACE: COMPANY OVERVIEW
                        TABLE 96 CDSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 97 CDSPACE: DEALS
             13.2.12 THANOS
                        TABLE 98 THANOS: COMPANY OVERVIEW
                        TABLE 99 THANOS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.2.13 DROGO DRONES
                        TABLE 100 DROGO DRONES: COMPANY OVERVIEW
                        TABLE 101 DROGO DRONES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 102 DROGO DRONES: PRODUCT LAUNCHES
             13.2.14 SCANDRON PVT. LTD.
                        TABLE 103 SCANDRON PVT. LTD.: COMPANY OVERVIEW
                        TABLE 104 SCANDRON PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 105 SCANDRON PVT. LTD.: DEALS
             13.2.15 DHAKSHA UNMANNED SYSTEMS
                        TABLE 106 DHAKSHA UNMANNED SYSTEMS: COMPANY OVERVIEW
                        TABLE 107 DHAKSHA UNMANNED SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 108 DHAKSHA UNMANNED SYSTEMS: OTHER DEVELOPMENTS
             13.2.16 MULTIPLEX DRONE PRIVATE LIMITED
                        TABLE 109 MULTIPLEX DRONE PRIVATE LIMITED: COMPANY OVERVIEW
                        TABLE 110 MULTIPLEX DRONE PRIVATE LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.2.17 CHATAK INNOVATIONS
                        TABLE 111 CHATAK INNOVATIONS: COMPANY OVERVIEW
                        TABLE 112 CHATAK INNOVATIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.2.18 AEROSIGHT TECHNOLOGIES
                        TABLE 113 AEROSIGHT TECHNOLOGIES: COMPANY OVERVIEW
                        TABLE 114 AEROSIGHT TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.2.19 MARUT DRONETECH PRIVATE LIMITED
                        TABLE 115 MARUT DRONETECH PRIVATE LIMITED: COMPANY OVERVIEW
                        TABLE 116 MARUT DRONETECH PRIVATE LIMITED: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
                        TABLE 117 MARUT DRONETECH PRIVATE LIMITED: PRODUCT LAUNCHES
                        TABLE 118 MARUT DRONETECH PRIVATE LIMITED: DEALS
                        TABLE 119 MARUT DRONETECH PRIVATE LIMITED: EXPANSIONS
             13.2.20 URBANMATRIX TECHNOLOGIES
                        TABLE 120 URBANMATRIX TECHNOLOGIES: COMPANY OVERVIEW
                        TABLE 121 URBANMATRIX TECHNOLOGIES: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
                        TABLE 122 URBANMATRIX TECHNOLOGIES: DEALS
             13.2.21 TECHEAGLE
                        TABLE 123 TECHEAGLE: COMPANY OVERVIEW
                        TABLE 124 TECHEAGLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 125 TECHEAGLE: DEALS
             13.2.22 SAGAR DEFENCE ENGINEERING
                        TABLE 126 SAGAR DEFENCE ENGINEERING: COMPANY OVERVIEW
                        TABLE 127 SAGAR DEFENCE ENGINEERING: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
             13.2.23 THROTTLE AEROSPACE SYSTEMS PVT. LTD.
                        TABLE 128 THROTTLE AEROSPACE SYSTEMS PVT. LTD.: COMPANY OVERVIEW
                        TABLE 129 THROTTLE AEROSPACE SYSTEMS PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 130 THROTTLE AEROSPACE SYSTEMS PVT. LTD.: PRODUCT LAUNCHES
             13.2.24 DCM SHRIRAM INDUSTRIES LTD.
                        TABLE 131 DCM SHRIRAM INDUSTRIES LTD.: COMPANY OVERVIEW
                        FIGURE 84 DCM SHRIRAM INDUSTRIES LTD.: COMPANY SNAPSHOT
                        TABLE 132 DCM SHRIRAM INDUSTRIES LTD.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
                        TABLE 133 DCM SHRIRAM INDUSTRIES LTD.: DEALS
             13.2.25 RCHOBBYTECH SOLUTIONS PRIVATE LIMITED
                        TABLE 134 RCHOBBYTECH SOLUTIONS PRIVATE LIMITED: COMPANY OVERVIEW
                        TABLE 135 RCHOBBYTECH SOLUTIONS PRIVATE LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.2.26 HUBBLEFLY TECHNOLOGIES
                        TABLE 136 HUBBLEFLY TECHNOLOGIES: COMPANY OVERVIEW
                        TABLE 137 HUBBLEFLY TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.2.27 INDRONES SOLUTIONS PVT. LTD.
                        TABLE 138 INDRONES SOLUTIONS PVT. LTD.: COMPANY OVERVIEW
                        TABLE 139 INDRONES SOLUTIONS PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.2.28 D’AVIATORS
                        TABLE 140 D’AVIATORS: COMPANY OVERVIEW
                        TABLE 141 D’AVIATORS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             13.2.29 SKYLARK DRONES
                        TABLE 142 SKYLARK DRONES: COMPANY OVERVIEW
                        TABLE 143 SKYLARK DRONES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 144 SKYLARK DRONES: OTHER DEVELOPMENTS
             13.2.30 RAPHE
                        TABLE 145 RAPHE: COMPANY OVERVIEW
                        TABLE 146 RAPHE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 147 RAPHE: PRODUCT LAUNCHES
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Key strengths, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.  
 
14 APPENDIX 
     14.1 DISCUSSION GUIDE 
     14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     14.3 CUSTOMIZATION OPTIONS 
     14.4 RELATED REPORTS 
     14.5 AUTHOR DETAILS 
 

This research study on the India drone market market involved the extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg BusinessWeek, and Factiva, to identify and collect information relevant to the market. The primary sources considered included industry experts, as well as manufacturers, system providers, technology developers, alliances, and organizations related to all segments of the value chain of this UAV industry. In-depth interviews with various primary respondents, including key industry participants, subject-matter experts (SME), industry consultants, and C-level executives, were conducted to obtain and verify critical qualitative and quantitative information pertaining to the market and assess its growth prospects.

Secondary Research

The ranking analysis of companies in the Indian drone market was carried out using secondary data from paid and unpaid sources and by analyzing the product portfolios and service offerings of key companies operating in the market. These companies were rated based on their performance, market strategies, application footprint, type certification for drones, funding, and quality of their products. These data points were further validated by primary sources.

Secondary sources referred to for this research study included financial statements of companies offering UAVs for defense and government, as well as civil and commercial platforms, along with information from various trade, business, and professional.

Primary Research

Extensive primary research was conducted after obtaining information about the current scenario of the India drone market through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across six regions of the drone ecosystem. This primary data was collected through questionnaires, emails, and telephonic interviews.

In the primary research process, various sources from both, the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, such as chief X officers (CXO), vice presidents (VP), and directors from business development, marketing, and product development/innovation teams; related key executives from the market participants, such as ideaforge, independent drone consultants and researcher; importers; distributors of drone systems and payload for drones; and the key opinion leaders.

Primary interviews were conducted to gather insights related to market statistics, revenue data collected from various products and services, market breakdowns, market size estimations, market size forecasting, and data triangulation. Primary research also helped analyze the point of sale, platform, system, industry, application, type, and segments of the market. Stakeholders from the demand side, such as CXO, production managers, and maintenance engineers, were interviewed to understand buyers' perspectives on product suppliers and service providers, along with their current usage. It also helped in understanding the future outlook of their businesses that would affect the overall India drone market.

India Drone Market
 Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The research methodology used to estimate the size of the India drone market includes the following details.

  • The top-down and bottom-up approaches were used to estimate and validate the size of the India drone market. The research methodology used to estimate the market size includes the following details.
  • The key players were identified through secondary research, and their market ranking was determined through primary and secondary research. This included a study of the annual and financial reports of the top market players and extensive interviews of leaders, including chief executive officers (CEO), directors, and marketing executives.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.

India Drone Market Size: Bottom-Up Approach

The bottom-up approach was employed to determine the overall size of the India drone market from the revenues of the key players in the market.

All types of drones used across different industries were considered to estimate the size of the Indian drone market. The final numbers were derived based on the demand for drones from military, government and law enforcement, commercial, and consumer applications. Independent approaches were used to estimate the demand for UAVs in each application. The India drone market, by platform, was used as a primary segment for the estimation and projection of the global market size from 2024 to 2029.

The estimation of the size of the military application segment of the UAV market was carried out by considering several parameters, such as the defense budget spent, new contracts, current or future indigenous drone programs, and an active fleet of drones. These parameters were studied for each military drone type, and the military platform volume size was obtained; a further product of these volume sizes and average selling price led to the India market size. The military drone market, by platform, was used as a primary segment for estimating and projecting the global market size from 2024 to 2029.

India Drone Market
 Size, and Bottom-Up Approach

India Drone Market Size: Top Down Approach

In the top-down approach, the size of the India drone market was used to estimate the size of individual markets (mentioned in the market segmentation) through percentage splits from secondary and primary research. For the calculation of the sizes of specific segments, the size of the most appropriate immediate parent market was used to implement the top-down approach.

  • In the top-down approach, the overall market size was used to estimate the size of individual markets (mentioned in the market segmentation) acquired through percentage splits from secondary and primary research.
  • The size of the most appropriate and immediate parent market has been used to calculate specific market segments to implement the top-down approach.
  • Companies providing drones in india are included in the report.
  • The total revenue of these companies has been identified through their annual reports and other authentic sources. In cases where annual reports are unavailable, company earnings have been estimated based on the number of employees, Factiva, ZoomInfo, press releases, and publicly available data.
  • Company revenue has been calculated based on the revenue of companies.  
  • All publicly available company contracts related to the India drone market have been mapped and summed up.
  • Based on the parameters (contracts, agreements, partnerships, joint ventures, product matrix, secondary research), the share of the India drone market in each segment has been estimated.

India Drone Market
 Size, and Top Down Approach

Data Triangulation

After arriving at the overall market size, the total market has been split into several segments and subsegments. The data triangulation and market breakdown procedures explained below have been implemented, wherever applicable, to complete the overall market engineering process and arrive at the estimated market numbers for India drone market segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using the top-down and bottom-up approaches.

Market Definition

The India drone market encompasses the design, manufacture, and assembly, maintenance, repair, and operations (MRO), replacement of parts, simulation and training (exclude third-party training) of unmanned aerial vehicles (UAVs), which means the drones across a wide spectrum of applications, ranging from commercial to governmental and military uses. This market segment includes various drone platforms, such as micro, small, medium, and large models for civil, commercial, and military purposes, as well as small, tactical, and strategic models.

Definition- Drones are remotely piloted, optionally piloted, or fully autonomous aerial UAVs.

Classification of civil and commercial drones based on maximum all-up weight, including payload as per India drone rule, 2021, be classified as follows:

  • Micro Drones weighing over 250 grams but less than or equal to 2 kilograms
  • Small Drones weighing over 2 kilograms but less than or equal to 25 kilograms
  • Medium Drones weighing more than 25 kilograms but less than or equal to 150 kilograms
  • Large Drones weighing more than 150 kilograms

Classification of military drones based on platforms can be classified as follows:

  • Small Drones include nano, micro, and mini drones that fly at an altitude of less than 350 meters
  • Tactical Drones fly at altitudes ranging between 3,000 and 8,000 meters and are principally used in military applications.
  • Strategic Drones are High-altitude long-endurance (HALE) and medium-altitude long-endurance (MALE) UAVs that fall under the category of strategic drones. These UAVs tend to be heavy at high altitudes and, hence, require long endurance and increased range.

Market Stakeholders

  • Drone Manufacturers and Developers
  • Drone Component Manufacturers and Providers
  • Raw Material Suppliers
  • Distributors
  • Maintenance, Repair, and Overhaul (MRO) Companies
  • Government Agencies
  • Investors And Financial Community Professionals
  • Research Organizations
  • Drone Service Providers
  • Drone Consultancy
  • Drone Legal Advisors

Report Objectives

  • To define, describe, and forecast the India drone market based on system, platform, application, industry, and point of sale from 2024 to 2029
  • To forecast the size of various segments of the market with respect to India only
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the market
  • To analyze opportunities for stakeholders in the market by identifying key market trends
  • To analyze competitive developments such as contracts, acquisitions, agreements, deals and product launches in the market
  • To provide a detailed competitive landscape of the market, in addition to an analysis of business and corporate strategies adopted by leading market players
  • To strategically profile key market players and comprehensively analyze their core competencies2.

Available Customizations

MarketsAndMarkets offers the following customizations for this market report:

  • Additional subsegmental level analysis of the India Drone market
  • Profiling of additional market players (up to 5)

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the India drone market
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Published ON
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