India Drone Companies

The India drone (UAV) market is estimated to be USD 0.47 billion in 2025. It is projected to reach USD 1.39 billion by 2030, at a CAGR of 24.4% during the forecast period. The market is experiencing rapid growth, driven by the increasing demand for drones across various sectors, including agriculture, defense, and e-commerce. Supportive government policies and initiatives like the Drone Shakti scheme also contribute to the market's growth.

Major service providers in the Indian drone (UVA) market are India-based drone manufacturing companies, such as Paras Aerospace Pvt. Ltd., ideaforge Technology Ltd., Throttle Aerospace Systems Pvt. Ltd., Garuda Aerospace Private Limited, Asteria Aerospace Limited, General Aeronautics Pvt. Ltd., Newspace Research Technologies Pvt. Ltd., IoTechWorld Avigation Pvt Ltd, Adani Defense and Aerospace, Tata Advanced Systems Limited, CDSpace, THANOS, Dhaksha Unmanned Systems Private Limited, Marut Dronetech Pvt Ltd, Hubblefly, and Raphe. These players have been analyzed based on different parameters, including product portfolios, recent developments, business strategies, and organic and inorganic growth.

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

Major India Drone (UAV) Companies Include:

• Paras Aerospace Pvt. Ltd.
• ideaforge Technology Ltd.
• Throttle Aerospace Systems Pvt. Ltd.
• Garuda Aerospace Private Limited
• Asteria Aerospace Limited
• General Aeronautics Pvt. Ltd.
• Newspace Research Technologies Pvt. Ltd
• IoTechWorld Avigation Pvt Ltd
• Adani Defense and Aerospace
• Tata Advanced Systems Limited
• CDSpace
• THANOS
• Dhaksha Unmanned Systems Private Limited
• Marut Dronetech Pvt Ltd
• Hubblefly
• Raphe

ideaForge Technology Ltd.

ideaForge Technology has the largest operational deployment of indigenous UAVs across India. Its drone takes flight approximately every five minutes for surveillance and mapping purposes. Its customers have executed over 400,000 flights utilizing UAVs. This has solidified the company’s position as a dominant player in the market. ideaForge’s UAVs offer a diverse range of applications, including mapping, surveying, security, and surveillance. The company has received support from various venture capitalists and private equity investors, such as Qualcomm Asia (Singapore), Infosys (India), and Celesta Capital (India). Its UAV platforms are thoroughly crafted with a mission-first ethos. It became the first company to develop and manufacture vertical take-off and landing (VTOL) UAVs indigenously in 2009. Its extensive product portfolios cater to civil and defense applications.

NewSpace Research and Technologies

NewSpace Research and Technologies (NRT) is one of India’s fastest-growing Aerospace & Defence R&D companies, spearheading the development of UAS with a global outlook. In March 2024, NRT secured substantial funding, raising a bridge round of USD 33 million from prominent investors and obtaining debt facilities of USD 19 million from SBI’s startup hub and SIDBI (USD 52 million).

IoTechWorld

IoTechWorld specializes in the manufacturing and sale of drones. Its flagship products include the Agribot Agriculture drone, which is optimized for precision farming; the Surveybot, which is designed for accurate mapping and surveying tasks; the Heavybot, which is designed for efficient logistics operations; and the Drishti drone, which specializes in surveillance and monitoring applications. The company’s drones find applications across various sectors, including agriculture and defense. In agricultural applications, these drones play a crucial role in precision farming, crop monitoring, and pesticide spraying, enabling farmers to optimize yields and reduce costs. In defense applications, these drones are utilized for surveillance, reconnaissance, and monitoring purposes, providing valuable intelligence and enhancing situational awareness for defense forces. IoTechWorld has a network of 30 sales points across the country.

Garuda Aerospace

Garuda Aerospace offers drone-as-a-service solutions for various applications, including surveillance, agriculture, mapping, security, delivery, and more. Its portfolio extends beyond traditional applications, encompassing advanced services like thermal imaging, ultrasonic thickness testing, and Industry 4.0 upgrade solutions. The company has partnered with manufacturers across the US, Canada, Israel, and Europe to penetrate the Indian drone market.

Garuda Aerospace has a wide client base, including over 400 government agencies and 100+ satisfied clients across India. Its automated drone technology services, software, and analytical tools have received recognition nationally and internationally. Operating across 26 cities, the company has won the NDRF Award for Bravery and secured a term sheet of USD 1 million from a Global Fund.

Garuda Aerospace caters to a wide range of industries, including agriculture, disaster management, anti-drone systems, delivery and load carrying, warehouse management, project management and structural inspection, highway and traffic management, mapping services and topographical surveying, sanitization, internal boiler inspection, chimney and stack inspection, solar panel inspection and cleaning, structural damage assessment, thermography drone services, LiDAR analysis, wind turbine inspection, mining site inspection, powerline inspection and stringing, and environmental impact assessment. This diverse portfolio allows it to address various industry needs with precision and efficiency, further solidifying its position as a leader in the drone technology sector.

Asteria Aerospace

Asteria Aerospace Limited leverages its in-house capabilities in hardware design, software development, and manufacturing. It develops customized drone solutions tailored to government and enterprise applications. Its A200 micro drone made history by receiving India's first Unique Identification Number (UIN) from the Director General of Civil Aviation (DGCA). It has a track record of deploying over 400 drones and an annual production capacity exceeding 2,000 drones.

With over 100 personnel in R&D, Asteria Aerospace Limited focuses on innovation to deliver leading products and solutions. The company serves a diverse clientele, including defense and homeland security, agriculture, telecommunications, oil and gas, energy and utilities, GIS surveying and mapping, industrial security, and mining and metals. Its product lineup includes the A200, recognized as India’s first micro-category drone with DGCA-type certification for surveying and mapping applications, offering flight time and range capabilities. The A200-XT, a small drone with DGCA-type certification, caters to surveillance, inspection, and mapping applications. The A410-XT, another DGCA-type certified drone, offers payload capabilities for surveillance and industrial inspections. The AT-15, a VTOL drone, is designed for Critical Intelligence, Surveillance and Reconnaissance (ISR) Missions, with flight time and range capabilities.

Market Ranking Analysis, 2024

The ranking of the top five Indian drone (UAV) players in 2024 is based on an in-depth analysis of their financial performance in different business segments, product portfolio width, and capabilities of individual products. The assessment also takes into account the recent activities of these organizations. These activities include product innovations, geographic expansions, and technology development.

The players are ranked based on various parameters, such as revenue generated through the sale of drones, diversification and differentiation in product offerings, and strategic initiatives like partnerships, agreements, and collaborations. These companies have continuously offered innovative technologies, expanded geographically, and enjoyed solid customer relationships.

Moreover, these players have a strong presence in high-growth markets. They engage dynamically in trailblazing innovations in drone technologies and are well-placed in the competition. Their ability to meet varied market demands, win large-scale orders, and invest in research and development has strengthened their position in the competition. Dominance in strategic leader regions and the efficiency of international distribution networks have also played key roles in shaping their market ranking.

Related Reports:

India Drone (UAV) Market by Platform (Civil & Commercial, Defense & Government), Type (Fixed Wing, Rotary, Hybrid), Application (ISR, Delivery, Combat Operations, Monitoring, Surveying, Mapping), Point of Sale, Industry and Systems - Forecast to 2030

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com