India Drone Market Size, Share, Trends & Growth Analysis

Report Code AS 9021
Published in May, 2024, By MarketsandMarkets™
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India Drone Market Size & Share by Platform (Civil and Commercial, Defense), Point of Sale (OEM, Aftermarket), Application (Military, Commercial, Government and Law Enforcement, Consumer), Systems and Industry - Global Forecast to 2029

Overview

The India Drone Market is projected to grow from USD 654 Million in 2024 to USD 1,437 Million by 2029, growing 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 industry 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.

Attractive Opportunities in the India Drone Market

India

The entrepreneurial scene in India's drone market is thriving, with many startups leading the way through innovative drone technologies in India drone market.

Market growth can be attributed to the increasing application of drones in India

Product launches and deals are expected to offer lucrative opportunities to market players in the next five years.

The Commercial application segment is projected to register the highest CAGR of 44.2% from 2024 to 2029.

The market growth in India can be attributed to significant investments in startups & drone R&D activities in the drone industry.

Global India Drone 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.Opportunities: Real-time traffic monitoring and managementFast population growth has added pressure; the number of vehicles has gone up massively, mainly on roads that witness acute congestion, especially during peak hours. Many cities also face acute waterlogging due to monsoons, further worsening the traffic condition. In such a scenario, urban planning needs to make evaluations in terms of the flow of traffic density and road capacity. Drones can assist in surveying potholes on roads for conditions like waterlogging, hence delivering vital data regarding its maintenance which would include traffic management. Besides, UAVs are able to monitor flow conditions at lower costs than the traditional methods of loop detectors and surveillance cameras while they can view larger lengths of roads in real time.

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.Challenges: Complex integration of advanced technologies in dronesFor any company designing drones in a country like India, the integration of strong communication systems with advanced technologies such as AI, ML, and others poses one of the greatest challenges. It is here that strategic R&D comes into play for the production of versatile and resilient drones. A safe drone operation has strong communication systems in most parts of India, especially in the sectors of healthcare and disaster management. This can be accelerated through collaboration with technology companies and academia in enhancing the drones, battery life, flight times, and operational efficiencies, especially on a larger scale.

Global India Drone Market Ecosystem Analysis

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

 

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.

India region holds the largest share of the India Drone Market.

The India drone market, by application, is further segmented into military, commercial, government and law enforcement, and consumer applications. In India, the demand for commercial drones will be driven by growth in the adoption rate of drones in agriculture, infrastructure, and delivery services owing to the cost efficiency and operational effectiveness of drones. Regulatory reforms facilitate commercial drone use, thereby fostering the growth coupled with technological advancements.

Recent Developments of India Drone Market industry

  • 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.

Key Market Players

KEY PLAYERS IN THE India Drone Market INCLUDE

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Scope of the Report

Report Attribute Details
Estimated Market Size USD 654 Million in 2024
Projected Market Size USD 1437 Million in 2029
India Drone Market Growth Rate (CAGR) 17.00%
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), Iotec

 

Key Questions Addressed by the Report

Which are the major companies in the India Drone Market? What are their major strategies to strengthen their market presence?
Some of the key players in the Military Vehicle Sustainment market 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 and among others, are the drones providers that in India for various application, industry vectors.
What government schemes and initiatives have promoted the use of drones in India?
Programs like the Digital Sky Platform, the Garuda initiative for COVID-19 operations, and the PLI scheme for drone manufacturing are key government efforts supporting the drone industry.are also actively investing in the development of Military Vehicles around the region.
What are some new use cases for drones that are emerging in India?
New use cases include using drones for delivering medical supplies in rural areas, crowd monitoring during large public events, and using AI-integrated drones for predictive maintenance in industrial settings.
How has drone technology been adopted across different sectors in India?
Adoption varies significantly by sector; agriculture, mining, and infrastructure have seen rapid growth in drone usage, largely for monitoring and surveying tasks.
What factors impact the drone market in India?
Key factors include regulatory policies, technological advancements, market demand for various drone applications, and economic conditions influencing funding and investment in drone technology.

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
22
RESEARCH METHODOLOGY
29
EXECUTIVE SUMMARY
43
PREMIUM INSIGHTS
47
MARKET OVERVIEW
51
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Favorable regulatory frameworks and government initiatives
    - Growing emphasis on precision farming
    - Surging demand for surveillance and border security drones
    - Increasing adoption of drones for commercial applications
    RESTRAINTS
    - High dependence on foreign suppliers
    - Data privacy and security concerns
    OPPORTUNITIES
    - Rising use of drones in logistics industry
    - Need for real-time traffic monitoring and management
    CHALLENGES
    - Limited payload capacity
    - Complex integration of advanced technologies in drones
  • 5.3 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.4 VALUE CHAIN ANALYSIS
    PLANNING AND REVISED FUNDING
    RESEARCH & DEVELOPMENT
    RAW MATERIAL PROCUREMENT AND MANUFACTURING
    ASSEMBLY, TESTING, AND APPROVALS
    DISTRIBUTION AND AFTER-SALE SERVICES
  • 5.5 ECOSYSTEM ANALYSIS
    COMPONENT MANUFACTURERS
    SYSTEM INTEGRATORS
    SERVICE PROVIDERS
    COMPONENT IMPORTERS
  • 5.6 OPERATIONAL DATA
  • 5.7 BILL OF MATERIALS
  • 5.8 USE CASE ANALYSIS
    AERIAL INSPECTION OF 10 MW SOLAR INSTALLATION IN SOUTHERN INDIA
    INTEGRATION OF DRONE TECHNOLOGY IN TRANSMISSION PROJECT CONSTRUCTION
    DRONE-AS-A-SERVICE FOR AGRICULTURAL MONITORING
  • 5.9 TOTAL COST OF OWNERSHIP
  • 5.10 PRICING ANALYSIS
    INDICATIVE PRICING ANALYSIS
  • 5.11 BUSINESS MODEL
  • 5.12 INVESTMENT AND FUNDING SCENARIO
  • 5.13 FUNDING, BY USE CASE/APPLICATION
  • 5.14 MARKET SCENARIO ANALYSIS
    MOST LIKELY SCENARIO
  • 5.15 KEY CONFERENCES AND EVENTS
  • 5.16 TECHNOLOGY ANALYSIS
  • 5.17 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.18 REGULATORY LANDSCAPE
    INTRODUCTION
    DRONE RULE, 2021
    STATE POLICY AND REGULATORY FRAMEWORK FOR DRONES
INDUSTRY TRENDS
110
  • 6.1 INTRODUCTION
  • 6.2 TECHNOLOGY TRENDS
    HIGH-ALTITUDE PSEUDO-SATELLITES
    AERIAL TARGET DRONES
    DRONE MANUFACTURING USING ADVANCED MATERIALS
    INTEGRATION OF NAVIGATION WITH INDIAN CONSTELLATION INTO DRONES
    STEALTH COMBAT DRONES
  • 6.3 IMPACT OF MEGATRENDS
    3D PRINTING
    ARTIFICIAL INTELLIGENCE
    INTERNET OF THINGS
  • 6.4 SUPPLY CHAIN ANALYSIS
  • 6.5 TECHNOLOGY ROADMAP
INDIA DRONE MARKET, BY PLATFORM
118
  • 7.1 INTRODUCTION
  • 7.2 CIVIL AND COMMERCIAL
    MICRO
    - Need for cost-effective and lightweight drones to drive market
    SMALL
    - Rising use of drones in crop monitoring, wildlife conservation, and cinematography to drive market
    MEDIUM
    - Growing adoption of drones in package delivery, meteorological research, and intelligence collection to drive market
    LARGE
    - Increasing demand for passenger drones to drive market
  • 7.3 DEFENSE
    SMALL
    - Rising use of small drones in military applications to drive market
    TACTICAL
    - Growing demand for high endurance in drones to drive market
    STRATEGIC
    - Surge in demand for high payload capability to drive market
INDIA DRONE MARKET, BY SYSTEM
128
  • 8.1 INTRODUCTION
  • 8.2 PLATFORMS
    AIRFRAMES
    - Growing collaborations between government agencies, research institutions, and private enterprises to drive market
    AVIONICS
    - Advancements in sensor technology for enhanced navigation and data collection capabilities to drive market
    PROPULSION SYSTEMS
    - Increasing focus on developing gas turbine engines to drive market
    SOFTWARE
    - Development of AI-powered analytics for efficient data processing and actionable insights to drive market
  • 8.3 PAYLOADS
    CAMERAS
    - Increasing adoption of drones for aerial photography, infrastructure inspection, and urban planning to drive market
    INTELLIGENCE PAYLOADS
    - Growing demand for enhanced situational awareness to drive market
    RADARS
    - Rising need for real-time high-resolution imaging and improved warning systems to drive market
    LIDAR
    - Booming demand for high-precision mapping and surveying to drive market
    GIMBALS
    - Growing inclination toward drone photography to drive market
  • 8.4 DATA LINKS
    INCREASING EMPHASIS ON TRANSMITTING LOCATION, FLIGHT TIME, AND AIRSPEED DURING FLIGHTS TO DRIVE MARKET
  • 8.5 GROUND CONTROL STATIONS
    REMOTE MONITORING, MISSION PLANNING, AND ALTITUDE CONTROLLING APPLICATIONS TO DRIVE MARKET
  • 8.6 LAUNCH AND RECOVERY SYSTEMS
    HIGH DEMAND IN MILITARY SECTOR TO DRIVE MARKET
INDIA DRONE MARKET, BY INDUSTRY
136
  • 9.1 INTRODUCTION
  • 9.2 DEFENSE AND SECURITY
    DISASTER MANAGEMENT APPLICATIONS TO DRIVE MARKET
  • 9.3 AGRICULTURE
    AGRARIAN ECONOMIC NATURE OF INDIA TO DRIVE MARKET
  • 9.4 LOGISTICS AND TRANSPORTATION
    TRANSPORTATION
    - Growing focus on sustainable logistics to drive market
    POSTAL AND PACKAGE DELIVERY
    - Increasing emphasis on remote area delivery to drive market
    HEALTHCARE AND PHARMACY DELIVERY
    - Rise in use of drones for emergency response, telemedicine support, and prescription delivery to drive market
  • 9.5 ENERGY AND POWER
    POWER GENERATION
    - Reduced need for manual inspection to drive market
    OIL & GAS
    - Growing focus on safety regulation compliance to drive market
  • 9.6 CONSTRUCTION AND MINNING
    SURGE IN USE OF DRONES FOR PROJECT PLANNING AND RESOURCE ALLOCATION TO DRIVE MARKET
  • 9.7 MEDIA AND ENTERTAINMENT
    RISING DEMAND FOR REAL-TIME AERIAL FOOTAGE AND VISUAL STORYTELLING TO DRIVE MARKET
  • 9.8 INSURANCE
    INCREASING ADOPTION FOR RISK ASSESSMENT, CLAIMS PROCESSING, AND UNDERWRITING TO DRIVE MARKET
  • 9.9 WILDLIFE AND FORESTRY
    NEED TO COMBAT POACHING AND TRACK ANIMAL MOVEMENTS TO DRIVE MARKET
  • 9.10 ACADEMICS AND RESEARCH
    GROWING USE OF DRONES FOR ENVIRONMENTAL SCIENCE, GEOGRAPHY, AND ARCHAEOLOGY TO DRIVE MARKET
INDIA DRONE MARKET, BY APPLICATION
145
  • 10.1 INTRODUCTION
  • 10.2 MILITARY
    INTELLIGENCE, SURVEILLANCE, AND RECONNAISSANCE
    - Rising need for improved battlefield intelligence gathering to drive market
    COMBAT OPERATIONS
    - Growing demand for minimized collateral damage for ground troops to drive market
    DELIVERY
    - Need for timely and safe resupply to frontline units to drive market
  • 10.3 COMMERCIAL
    INSPECTION AND MONITORING
    - Favorable government policies for unmanned aerial vehicles to drive market
    REMOTE SENSING
    - Surge in 3D infrastructure modeling to drive market
    SURVEYING AND MAPPING
    - Increased topographic survey, photogrammetry consultancy, and vegetation mapping to drive market
    PRODUCT DELIVERY
    - Rapid expansion of e-commerce and demand for efficient last- mile delivery solutions to drive market
    AERIAL IMAGING
    - Surge in use of drones for agile acrobatic shots and semi-orthometric aerial photography to drive market
  • 10.4 GOVERNMENT AND LAW ENFORCEMENT
    BORDER MANAGEMENT
    - Booming use of drones for threat detection on borders to drive market
    TRAFFIC MONITORING
    - Increased emphasis on better traffic flow and road safety to drive market
    FIREFIGHTING AND DISASTER MANAGEMENT
    - Growing focus on prompt response time during disasters to drive market
    POLICE OPERATIONS AND INVESTIGATIONS
    - Increasing use of drones for crime scene analysis to drive market
    MARITIME SECURITY
    - Surge in anti-piracy operations to drive market
  • 10.5 CONSUMER
    PROSUMERS
    - Increased use of drones for weddings and other events to drive market
    HOBBYISTS
    - Expanding use of drones for vlogging to drive market
INDIA DRONE MARKET, BY POINT OF SALE
154
  • 11.1 INTRODUCTION
  • 11.2 OEM
    INCREASING ADOPTION OF DRONES IN AGRICULTURE, CONSTRUCTION, INFRASTRUCTURE, AND LOGISTICS TO DRIVE MARKET
  • 11.3 AFTERMARKET
    MRO
    - Stringent regulatory environment governing commercial drone operations to drive market
    REPLACEMENT PARTS AND SOFTWARE UPGRADES
    - Rising need for optimized drone performance to drive market
    SIMULATION AND TRAINING
    - Growing government initiatives such as Drone Certification Scheme to drive market
COMPETITIVE LANDSCAPE
158
  • 12.1 INTRODUCTION
  • 12.2 KEY PLAYER STRATEGIES
  • 12.3 RANKING ANALYSIS
  • 12.4 BRAND AND PRODUCT COMPARISON
    BRAND AND PRODUCT COMPARISON
    PRODUCT COMPARISON
  • 12.5 COMPANY VALUATION AND FINANCIAL METRICS
  • 12.6 REVENUE ANALYSIS
  • 12.7 MARKET SHARE ANALYSIS
  • 12.8 COMPANY EVALUATION MATRIX
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT
  • 12.9 STARTUP/SME EVALUATION MATRIX
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING
  • 12.10 COMPETITIVE SCENARIOS AND TRENDS
    MARKET EVALUATION FRAMEWORK
    PRODUCT LAUNCHES
    DEALS
COMPANY PROFILES
190
  • 13.1 INTRODUCTION
  • 13.2 KEY PLAYERS
    IDEAFORGE TECHNOLOGY LTD.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    NEWSPACE RESEARCH AND TECHNOLOGIES PVT. LTD.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    IOTECHWORLD
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    GARUDA AEROSPACE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    ASTERIA AEROSPACE LIMITED
    - Business overview
    - Products/Solutions/Services offered
    - MnM view
    PARAS AEROSPACE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    ADANI DEFENCE AND AEROSPACE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    DRONIX TECHNOLOGIES PRIVATE LIMITED
    - Business overview
    - Products/Solutions/Services offered
    JOHNNETTE GROUP
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    TATA ADVANCED SYSTEMS LIMITED
    - Business overview
    - Products/Solutions/Services offered
    CDSPACE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    THANOS
    - Business overview
    - Products/Solutions/Services offered
    DROGO DRONES
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    SCANDRON PVT. LTD.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    DHAKSHA UNMANNED SYSTEMS
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    MULTIPLEX DRONE PRIVATE LIMITED
    - Business overview
    - Products/Solutions/Services offered
    CHATAK INNOVATIONS
    - Business overview
    - Products/Solutions/Services offered
    AEROSIGHT TECHNOLOGIES
    - Business overview
    - Products/Solutions/Services offered
    MARUT DRONETECH PRIVATE LIMITED
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    URBANMATRIX TECHNOLOGIES
    - Business overview
    - Products/Solutions/Services offered
    TECHEAGLE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    SAGAR DEFENCE ENGINEERING
    - Business overview
    - Products/Solutions/Services offered
    THROTTLE AEROSPACE SYSTEMS PVT. LTD.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    DCM SHRIRAM INDUSTRIES LTD.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    RCHOBBYTECH SOLUTIONS PRIVATE LIMITED
    - Business overview
    - Products/Solutions/Services offered
    HUBBLEFLY TECHNOLOGIES
    - Business overview
    - Products/Solutions/Services offered
    INDRONES SOLUTIONS PVT. LTD.
    - Business overview
    - Products/Solutions/Services offered
    D’AVIATORS
    - Business overview
    - Products/Solutions/Services offered
    SKYLARK DRONES
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    RAPHE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
APPENDIX
267
  • 14.1 DISCUSSION GUIDE
  • 14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 14.3 CUSTOMIZATION OPTIONS
  • 14.4 RELATED REPORTS
  • 14.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 USD EXCHANGE RATES
  • TABLE 2 INCLUSIONS AND EXCLUSIONS
  • TABLE 3 IMPACT OF DEMAND-SIDE INDICATORS
  • TABLE 4 IMPACT OF SUPPLY-SIDE INDICATORS
  • TABLE 5 AGRICULTURE DRONE USAGE, BY APPLICATION, 2023–2029
  • TABLE 6 DRONE INTRUSION CASES, 2021–2022
  • TABLE 7 SMALL MILITARY DRONES USED BY INDIAN ARMED FORCES
  • TABLE 8 DRONE USAGE BY INDIAN COMPANIES
  • TABLE 9 ENDURANCE-BASED MAPPING OF POWER SOURCES
  • TABLE 10 ROLE OF COMPANIES IN ECOSYSTEM
  • TABLE 11 OTHER USES CASES OF DRONES IN INDIA
  • TABLE 12 TOTAL COST OF OWNERSHIP FOR AGRICULTURE DRONES (USD)
  • TABLE 13 PRICE COMPARISON OF DRONES, BY COUNTRY
  • TABLE 14 FUNDING BY USE CASE/APPLICATION
  • TABLE 15 INDIA DRONE MARKET FORECAST SCENARIO, 2024–2029 (UNITS)
  • TABLE 16 INDIA DRONE MARKET FORECAST SCENARIO, 2024–2029 (USD MILLION)
  • TABLE 17 KEY CONFERENCES AND EVENTS, 2024–2025
  • TABLE 18 TECHNOLOGY ANALYSIS
  • TABLE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
  • TABLE 20 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
  • TABLE 21 KEY PROVISIONS UNDER DRONE RULES, 2021
  • TABLE 22 COMPARISON OF REGULATORY FRAMEWORKS IN 16 COUNTRIES
  • TABLE 23 INDIA DRONE MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 24 INDIA DRONE MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • 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)
  • 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)
  • TABLE 29 DEFENSE: INDIA DRONE MARKET, BY PLATFORM, 2020–2023 (UNITS)
  • TABLE 30 DEFENSE: INDIA DRONE MARKET, BY PLATFORM, 2024–2029 (UNITS)
  • TABLE 31 DEFENSE: INDIA DRONE MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
  • TABLE 32 DEFENSE: INDIA DRONE MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  • TABLE 33 INDIA DRONE MARKET, BY SYSTEM, 2020–2023 (USD MILLION)
  • TABLE 34 INDIA DRONE MARKET, BY SYSTEM, 2024–2029 (USD MILLION)
  • TABLE 35 INDIA DRONE MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
  • TABLE 36 INDIA DRONE MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)
  • TABLE 37 INDIA DRONE MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 38 INDIA DRONE MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • TABLE 39 MILITARY: INDIA DRONE MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
  • TABLE 40 MILITARY: INDIA DRONE MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  • 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)
  • TABLE 43 KEY PLAYER STRATEGIES, 2023–2024
  • TABLE 44 PRODUCT COMPARISON OF COMMERCIAL DRONES, 2023
  • TABLE 45 PRODUCT COMPARISON OF MILITARY DRONES, 2023
  • TABLE 46 COMPANY VALUATION OF KEY PLAYERS, 2018–2023
  • TABLE 47 FINANCIAL METRICS OF KEY PLAYERS, 2018–2023
  • TABLE 48 INDIA DRONE MARKET: DEGREE OF COMPETITION
  • 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
  • TABLE 53 INDIA DRONE MARKET: KEY STARTUPS/SMES
  • TABLE 54 INDIA DRONE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • TABLE 55 INDIA DRONE MARKET: PRODUCT LAUNCHES, JANUARY 2021–MARCH 2024
  • 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
  • TABLE 59 IDEAFORGE TECHNOLOGY LTD.: COMPANY OVERVIEW
  • 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
  • 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
  • TABLE 68 IOTECHWORLD: COMPANY OVERVIEW
  • TABLE 69 IOTECHWORLD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 70 IOTECHWORLD: DEALS
  • TABLE 71 IOTECHWORLD: OTHER DEVELOPMENTS
  • 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
  • TABLE 76 ASTERIA AEROSPACE LIMITED: COMPANY OVERVIEW
  • TABLE 77 ASTERIA AEROSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • 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
  • 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
  • TABLE 87 DRONIX TECHNOLOGIES PRIVATE LIMITED: COMPANY OVERVIEW
  • TABLE 88 DRONIX TECHNOLOGIES PRIVATE LIMITED: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
  • 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
  • TABLE 93 TATA ADVANCED SYSTEMS LIMITED: COMPANY OVERVIEW
  • TABLE 94 TATA ADVANCED SYSTEMS LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 95 CDSPACE: COMPANY OVERVIEW
  • TABLE 96 CDSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 97 CDSPACE: DEALS
  • TABLE 98 THANOS: COMPANY OVERVIEW
  • TABLE 99 THANOS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 100 DROGO DRONES: COMPANY OVERVIEW
  • TABLE 101 DROGO DRONES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 102 DROGO DRONES: PRODUCT LAUNCHES
  • TABLE 103 SCANDRON PVT. LTD.: COMPANY OVERVIEW
  • TABLE 104 SCANDRON PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 105 SCANDRON PVT. LTD.: DEALS
  • TABLE 106 DHAKSHA UNMANNED SYSTEMS: COMPANY OVERVIEW
  • TABLE 107 DHAKSHA UNMANNED SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 108 DHAKSHA UNMANNED SYSTEMS: OTHER DEVELOPMENTS
  • TABLE 109 MULTIPLEX DRONE PRIVATE LIMITED: COMPANY OVERVIEW
  • TABLE 110 MULTIPLEX DRONE PRIVATE LIMITED: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
  • TABLE 111 CHATAK INNOVATIONS: COMPANY OVERVIEW
  • TABLE 112 CHATAK INNOVATIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 113 AEROSIGHT TECHNOLOGIES: COMPANY OVERVIEW
  • TABLE 114 AEROSIGHT TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • 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
  • TABLE 120 URBANMATRIX TECHNOLOGIES: COMPANY OVERVIEW
  • TABLE 121 URBANMATRIX TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 122 URBANMATRIX TECHNOLOGIES: DEALS
  • TABLE 123 TECHEAGLE: COMPANY OVERVIEW
  • TABLE 124 TECHEAGLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 125 TECHEAGLE: DEALS
  • TABLE 126 SAGAR DEFENCE ENGINEERING: COMPANY OVERVIEW
  • TABLE 127 SAGAR DEFENCE ENGINEERING: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • 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
  • TABLE 131 DCM SHRIRAM INDUSTRIES LTD.: COMPANY OVERVIEW
  • TABLE 132 DCM SHRIRAM INDUSTRIES LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 133 DCM SHRIRAM INDUSTRIES LTD.: DEALS
  • TABLE 134 RCHOBBYTECH SOLUTIONS PRIVATE LIMITED: COMPANY OVERVIEW
  • TABLE 135 RCHOBBYTECH SOLUTIONS PRIVATE LIMITED: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
  • TABLE 136 HUBBLEFLY TECHNOLOGIES: COMPANY OVERVIEW
  • TABLE 137 HUBBLEFLY TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 138 INDRONES SOLUTIONS PVT. LTD.: COMPANY OVERVIEW
  • TABLE 139 INDRONES SOLUTIONS PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 140 D’AVIATORS: COMPANY OVERVIEW
  • TABLE 141 D’AVIATORS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 142 SKYLARK DRONES: COMPANY OVERVIEW
  • TABLE 143 SKYLARK DRONES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 144 SKYLARK DRONES: OTHER DEVELOPMENTS
  • TABLE 145 RAPHE: COMPANY OVERVIEW
  • TABLE 146 RAPHE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 147 RAPHE: PRODUCT LAUNCHES
LIST OF FIGURES
 
  • FIGURE 1 INDIA DRONE MARKET SEGMENTATION
  • FIGURE 2 RESEARCH PROCESS FLOW
  • FIGURE 3 RESEARCH DESIGN
  • FIGURE 4 BOTTOM-UP APPROACH
  • FIGURE 5 TOP-DOWN APPROACH
  • FIGURE 6 DATA TRIANGULATION
  • 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
  • FIGURE 13 FLOURISHING STARTUP SCENARIO AND STRONG GOVERNMENT SUPPORT TO DRIVE MARKET
  • FIGURE 14 PLATFORMS SEGMENT TO RECORD LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 15 DEFENSE SEGMENT TO LEAD LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 16 SMALL SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD (UNITS)
  • FIGURE 17 OEM SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 18 DEFENSE AND SECURITY SEGMENT TO HOLD LARGEST MARKET SHARE FROM 2024 TO 2029
  • FIGURE 19 MILITARY SEGMENT TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 20 EVOLUTION OF INDIA DRONE MARKET
  • FIGURE 21 INDIA DRONE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 22 ROADMAP OF GOVERNMENT POLICIES AND REGULATORY FRAMEWORKS
  • FIGURE 23 GOVERNMENT INITIATIVES TO PROMOTE DRONE APPLICATIONS
  • FIGURE 24 AGRICULTURE DRONES AND THEIR BENEFITS
  • FIGURE 25 AGRICULTURE DRONE USAGE, BY DRONE TYPE, 2023–2029
  • FIGURE 26 ADVANTAGES OF DRONES
  • FIGURE 27 APPLICATION-BASED BARRIERS FOR DRONE MANUFACTURING
  • FIGURE 28 IMPORT PERCENTAGE OF DRONE COMPONENTS, 2023
  • FIGURE 29 CYBER ATTACKS TARGETING FLIGHT CONTROLLERS, STATIONS, DATA LINKS, AND GROUND CONTROLS
  • FIGURE 30 FUTURE OF DRONES IN LOGISTICS INDUSTRY
  • FIGURE 31 BENEFITS OF DEPLOYING DRONES IN LOGISTICS INDUSTRY
  • FIGURE 32 BENEFITS OF DRONES USED IN TRAFFIC MONITORING AND MANAGEMENT
  • FIGURE 33 FLIGHT TIME VS. BATTERY CAPACITY
  • FIGURE 34 MASS VS. FLIGHT TIME
  • FIGURE 35 REVENUE SHIFT AND NEW REVENUE POCKETS FOR INDIA DRONE MARKET PLAYERS
  • FIGURE 36 VALUE CHAIN ANALYSIS
  • FIGURE 37 ECOSYSTEM ANALYSIS
  • 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)
  • FIGURE 43 KEY COMPONENT DISTRIBUTION OF COMMERCIAL DRONES
  • FIGURE 44 KEY COMPONENT DISTRIBUTION OF MILITARY DRONES
  • FIGURE 45 DRONE COMPONENTS IMPORT AND INDIGENOUS DISTRIBUTION
  • 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 (%)
  • FIGURE 49 AVERAGE BREAKDOWN OF MAJOR COST CATEGORIES FOR STRATEGIC DRONES (%)
  • 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
  • FIGURE 52 BUSINESS MODEL OF KEY PLAYERS
  • FIGURE 53 FUNDING BREAKUP OF DRONE TECH STARTUPS, 2014–2023
  • FIGURE 54 INVESTMENT AND FUNDING SCENARIO, 2020–2024
  • FIGURE 55 MARKET SCENARIO ANALYSIS, 2024–2029
  • FIGURE 56 INDIA DRONE MARKET FORECAST SCENARIO, 2024–2029 (UNITS)
  • FIGURE 57 INDIA DRONE MARKET FORECAST SCENARIO, 2024–2029 (USD MILLION)
  • FIGURE 58 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
  • FIGURE 59 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
  • FIGURE 60 STATE POLICY AND REGULATORY FRAMEWORK STATUS
  • FIGURE 61 TECHNOLOGY TRENDS
  • FIGURE 62 MULTI-FUNCTIONAL MATERIALS USED IN MANUFACTURING DRONES
  • FIGURE 63 SUPPLY CHAIN ANALYSIS
  • FIGURE 64 EVOLUTION OF DRONE TECHNOLOGY
  • FIGURE 65 TECHNOLOGY ROADMAP
  • FIGURE 66 EMERGING TRENDS
  • FIGURE 67 INDIA DRONE MARKET, BY PLATFORM, 2024–2029
  • FIGURE 68 INDIA DRONE MARKET, BY CIVIL AND COMMERCIAL PLATFORM, 2024–2029
  • FIGURE 69 INDIA DRONE MARKET, BY DEFENSE PLATFORM, 2024–2029
  • FIGURE 70 INDIA DRONE MARKET, BY SYSTEM, 2024–2029
  • FIGURE 71 INDIA DRONE MARKET, BY INDUSTRY, 2024–2029
  • FIGURE 73 INDIA DRONE MARKET, BY POINT OF SALE, 2024–2029
  • FIGURE 75 BRAND COMPARISON, 2023
  • FIGURE 79 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023
  • FIGURE 80 INDIA DRONE MARKET: COMPANY EVALUATION MATRIX, 2023
  • FIGURE 81 INDIA DRONE MARKET: COMPANY FOOTPRINT
  • FIGURE 82 INDIA DRONE MARKET: STARTUP/SME EVALUATION MATRIX, 2023
  • FIGURE 83 IDEAFORGE TECHNOLOGY LTD.: COMPANY SNAPSHOT
  • FIGURE 84 DCM SHRIRAM INDUSTRIES LTD.: COMPANY SNAPSHOT

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

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Growth opportunities and latent adjacency in India Drone Market

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