조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2024년05월
India Drone Market – Forecast to 2029
인도의 드론 시장 : 플랫폼(민간 및 상업, 방어), 판매 시점 정보 관리(OEM, 애프터마켓), 용도(군사, 상업, 정부 및 법 집행 기관, 소비자), 시스템 및 산업 – 2029년까지 예측
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
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Report Overview
The market valuation for drones in India is expected to rise from USD 654 million in 2024 to USD 1,437 million by 2029, with a compound annual growth rate (CAGR) of 17.0% over the forecast period.
인도의 드론 시장 평가액은 2024년 6억 5,400만 달러에서 2029년까지 14억 3,700만 달러로 상승했으며, 예측 기간 중 연간 평균 성장률(CAGR)은 17.0%가 될 것으로 예상됩니다.
The number of drone units in the Indian market is forecasted to increase significantly, from 10,803 units in 2024 to 61,393 units by 2029. This rapid expansion is fueled by a growing need for drones in various sectors such as agriculture, defense, and e-commerce. Government support and initiatives like the Drone Shakti scheme are also playing a crucial role in advancing the industry.
“The platform segment is anticipated to dominate the market share during the forecast period”
This segment, which focuses on integrating critical drone components like the airframe, propulsion systems, avionics, and software, is expected to lead the market. There’s growing demand for drones across various sectors including agriculture, defense, entertainment, and delivery services, which is likely to spur further investments in drone development and procurement, thereby significantly influencing the market growth for system platforms.
The logistics and transportation segment is projected to grow at the highest rate according to industry type.
The logistics and transportation segment is expected to experience the fastest growth rate among all sectors during the forecast period. This growth is mainly driven by the booming e-commerce sector, substantial investments in infrastructure development, and policy reforms aimed at improving trade facilitation. Additionally, the increasing urbanization and the necessity for efficient supply chain solutions to serve a broad and diverse market are set to boost this growth, positioning India as a crucial player in the global logistics and transportation arena.”
“The OEM segment is anticipated to capture the largest market share by point of sale throughout the forecast period.”
The leadership of the Original Equipment Manufacturer (OEM) sector in India’s drone market is attributed to strong government backing for local production, high demand from both the military and commercial sectors, and advancements in homegrown drone technologies. The cost-effectiveness of drones manufactured in India, combined with their potential for export, further strengthens the OEM segment’s dominant position in the market.
The break-up of the profile of primary participants in the India Drone market:
• By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By Designation: C Level – 35%, Director Level – 25%, Others-40%
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.
Research Coverage:
This research report categorizes the India Drone Market by Platform (Civil and commercial, and defense), By point of sale (OEM and Aftermarket), By Application (Military, commercial, Government, and Consumer), and By Industry (Defense and Security, Agriculture, Logistics and Transportation, Energy and Power, Construction and Mining, Media and Entertainment, Insurance, Wildlife and Forestry, and Academics and Research) and by systems (Platform, Payloads, Datalink, Ground Control Stations, Drone Launch and Recovery Systems).
The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the India drone market. A detailed analysis of the key industry players has been done to provide insights into their business overview, Products, solutions, services, key strategies, Contracts, partnerships, and agreements. New product and service launches, mergers and acquisitions, and recent developments associated with the drone market. This report covers the competitive analysis of Existing and upcoming startups in the India drone market ecosystem.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Military Vehicle Sustainment Service market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key 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, Real-time traffic monitoring and management) challenges (Limited payload capacity, Complex integration of advanced technologies in drones) influencing the growth of the India Drone market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product and service launches in the India drone market
• Market Development: Comprehensive information about lucrative markets – the report analyses the India drone market across varied regions
• Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the India drone market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in the India drone market
Table of Contents
1 INTRODUCTION 28
1.1 INTRODUCTION 28
1.2 STUDY OBJECTIVES 28
1.3 MARKET DEFINITION 29
1.4 STUDY SCOPE 30
1.4.1 MARKETS COVERED 30
FIGURE 1 INDIA DRONE MARKET SEGMENTATION 30
1.4.2 YEARS CONSIDERED 31
1.5 CURRENCY CONSIDERED 31
TABLE 1 USD EXCHANGE RATES 31
1.6 INCLUSIONS AND EXCLUSIONS 32
TABLE 2 INCLUSIONS AND EXCLUSIONS 32
1.7 STAKEHOLDERS 34
2 RESEARCH METHODOLOGY 35
2.1 RESEARCH DATA 35
FIGURE 2 RESEARCH PROCESS FLOW 35
FIGURE 3 RESEARCH DESIGN 36
2.1.1 SECONDARY DATA 36
2.1.1.1 Key data from secondary sources 37
2.1.2 PRIMARY DATA 37
2.1.2.1 Key insights from primary sources 38
2.1.2.2 Key data from primary sources 39
2.2 FACTOR ANALYSIS 39
2.2.1 INTRODUCTION 39
2.2.2 DEMAND-SIDE INDICATORS 40
TABLE 3 IMPACT OF DEMAND-SIDE INDICATORS 40
2.2.3 SUPPLY-SIDE INDICATORS 41
TABLE 4 IMPACT OF SUPPLY-SIDE INDICATORS 41
2.3 RESEARCH APPROACH AND METHODOLOGY 42
2.3.1 BOTTOM-UP APPROACH 42
2.3.1.1 Market size estimation and methodology 42
2.3.1.2 Pricing analysis of drones 44
FIGURE 4 BOTTOM-UP APPROACH 45
2.3.2 TOP-DOWN APPROACH 45
FIGURE 5 TOP-DOWN APPROACH 45
2.4 DATA TRIANGULATION AND VALIDATION 46
2.4.1 TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH 46
FIGURE 6 DATA TRIANGULATION 46
2.5 RESEARCH ASSUMPTIONS 47
2.6 RESEARCH LIMITATIONS 48
2.7 RISK ASSESSMENT 48
3 EXECUTIVE SUMMARY 49
FIGURE 7 PAYLOADS SEGMENT TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD 49
FIGURE 8 DEFENSE AND SECURITY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 50
FIGURE 9 COMMERCIAL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 50
FIGURE 10 OEM SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 51
FIGURE 11 MARKET FLOW IN INDIA DRONE MARKET, 2023 (USD MILLION) 51
FIGURE 12 MARKET SCENARIO ANALYSIS, 2020–2029 52
4 PREMIUM INSIGHTS 53
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INDIA DRONE MARKET 53
FIGURE 13 FLOURISHING STARTUP SCENARIO AND STRONG GOVERNMENT SUPPORT TO DRIVE MARKET 53
4.2 INDIA DRONE MARKET, BY SYSTEM 53
FIGURE 14 PLATFORMS SEGMENT TO RECORD LARGEST MARKET SHARE DURING FORECAST PERIOD 53
4.3 INDIA DRONE MARKET, BY PLATFORM 54
FIGURE 15 DEFENSE SEGMENT TO LEAD LARGEST MARKET SHARE DURING FORECAST PERIOD 54
FIGURE 16 SMALL SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD (UNITS) 54
4.4 INDIA DRONE MARKET, BY POINT OF SALE 55
FIGURE 17 OEM SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 55
4.5 INDIA DRONE MARKET, BY INDUSTRY 55
FIGURE 18 DEFENSE AND SECURITY SEGMENT TO HOLD LARGEST MARKET SHARE FROM 2024 TO 2029 55
4.6 INDIA DRONE MARKET, BY APPLICATION 56
FIGURE 19 MILITARY SEGMENT TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD 56
5 MARKET OVERVIEW 57
5.1 INTRODUCTION 57
FIGURE 20 EVOLUTION OF INDIA DRONE MARKET 57
5.2 MARKET DYNAMICS 58
FIGURE 21 INDIA DRONE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 58
5.2.1 DRIVERS 59
5.2.1.1 Favorable regulatory frameworks and government initiatives 59
FIGURE 22 ROADMAP OF GOVERNMENT POLICIES AND REGULATORY FRAMEWORKS 59
FIGURE 23 GOVERNMENT INITIATIVES TO PROMOTE DRONE APPLICATIONS 61
5.2.1.2 Growing emphasis on precision farming 62
FIGURE 24 AGRICULTURE DRONES AND THEIR BENEFITS 63
TABLE 5 AGRICULTURE DRONE USAGE, BY APPLICATION, 2023–2029 63
FIGURE 25 AGRICULTURE DRONE USAGE, BY DRONE TYPE, 2023–2029 64
5.2.1.3 Surging demand for surveillance and border security drones 64
TABLE 6 DRONE INTRUSION CASES, 2021–2022 65
TABLE 7 SMALL MILITARY DRONES USED BY INDIAN ARMED FORCES 66
5.2.1.4 Increasing adoption of drones for commercial applications 68
FIGURE 26 ADVANTAGES OF DRONES 69
FIGURE 27 APPLICATION-BASED BARRIERS FOR DRONE MANUFACTURING 70
TABLE 8 DRONE USAGE BY INDIAN COMPANIES 70
5.2.2 RESTRAINTS 71
5.2.2.1 High dependence on foreign suppliers 71
FIGURE 28 IMPORT PERCENTAGE OF DRONE COMPONENTS, 2023 71
5.2.2.2 Data privacy and security concerns 72
FIGURE 29 CYBER ATTACKS TARGETING FLIGHT CONTROLLERS, STATIONS, DATA LINKS, AND GROUND CONTROLS 73
5.2.3 OPPORTUNITIES 73
5.2.3.1 Rising use of drones in logistics industry 73
FIGURE 30 FUTURE OF DRONES IN LOGISTICS INDUSTRY 74
FIGURE 31 BENEFITS OF DEPLOYING DRONES IN LOGISTICS INDUSTRY 75
5.2.3.2 Need for real-time traffic monitoring and management 76
FIGURE 32 BENEFITS OF DRONES USED IN TRAFFIC MONITORING AND MANAGEMENT 76
5.2.4 CHALLENGES 77
5.2.4.1 Limited payload capacity 77
FIGURE 33 FLIGHT TIME VS. BATTERY CAPACITY 77
FIGURE 34 MASS VS. FLIGHT TIME 78
TABLE 9 ENDURANCE-BASED MAPPING OF POWER SOURCES 79
5.2.4.2 Complex integration of advanced technologies in drones 79
5.3 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 80
FIGURE 35 REVENUE SHIFT AND NEW REVENUE POCKETS FOR INDIA DRONE MARKET PLAYERS 80
5.4 VALUE CHAIN ANALYSIS 81
FIGURE 36 VALUE CHAIN ANALYSIS 81
5.4.1 PLANNING AND REVISED FUNDING 81
5.4.2 RESEARCH & DEVELOPMENT 81
5.4.3 RAW MATERIAL PROCUREMENT AND MANUFACTURING 81
5.4.4 ASSEMBLY, TESTING, AND APPROVALS 82
5.4.5 DISTRIBUTION AND AFTER-SALE SERVICES 82
5.5 ECOSYSTEM ANALYSIS 82
5.5.1 COMPONENT MANUFACTURERS 82
5.5.2 SYSTEM INTEGRATORS 82
5.5.3 SERVICE PROVIDERS 82
5.5.4 COMPONENT IMPORTERS 82
FIGURE 37 ECOSYSTEM ANALYSIS 83
TABLE 10 ROLE OF COMPANIES IN ECOSYSTEM 83
5.6 OPERATIONAL DATA 85
FIGURE 38 COMMERCIAL DRONE REGISTRATIONS IN INDIA, 2019–2023 85
FIGURE 39 DRONE REGISTRATIONS, BY CIVIL AND COMMERCIAL PLATFORM, 2019–2023 85
FIGURE 40 TOP 20 DRONE MODELS REGISTERED IN INDIA, 2019–2023 86
FIGURE 41 DRONE REGISTRATIONS, BY TYPE, 2020–2023 86
FIGURE 42 DRONE REGISTRATION, BY TOP 30 COMPANIES, 2019–2023 (UNITS) 87
5.7 BILL OF MATERIALS 88
FIGURE 43 KEY COMPONENT DISTRIBUTION OF COMMERCIAL DRONES 88
FIGURE 44 KEY COMPONENT DISTRIBUTION OF MILITARY DRONES 88
FIGURE 45 DRONE COMPONENTS IMPORT AND INDIGENOUS DISTRIBUTION 89
5.8 USE CASE ANALYSIS 90
5.8.1 AERIAL INSPECTION OF 10 MW SOLAR INSTALLATION IN SOUTHERN INDIA 90
5.8.2 INTEGRATION OF DRONE TECHNOLOGY IN TRANSMISSION PROJECT CONSTRUCTION 91
5.8.3 DRONE-AS-A-SERVICE FOR AGRICULTURAL MONITORING 92
TABLE 11 OTHER USES CASES OF DRONES IN INDIA 92
5.9 TOTAL COST OF OWNERSHIP 93
FIGURE 46 TOTAL COST OF OWNERSHIP ASSOCIATED WITH DRONE ACQUISITION 93
FIGURE 47 AVERAGE BREAKDOWN OF MAJOR COST CATEGORIES RELATED TO AGRICULTURE DRONES (%) 94
FIGURE 48 AVERAGE BREAKDOWN OF COST CATEGORIES FOR HIGHEST-SELLING AGRICULTURE DRONES (%) 95
TABLE 12 TOTAL COST OF OWNERSHIP FOR AGRICULTURE DRONES (USD) 95
FIGURE 49 AVERAGE BREAKDOWN OF MAJOR COST CATEGORIES FOR STRATEGIC DRONES (%) 96
5.10 PRICING ANALYSIS 96
5.10.1 INDICATIVE PRICING ANALYSIS 96
FIGURE 50 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TOP 3 CIVIL AND COMMERCIAL PLATFORMS, 2023 98
FIGURE 51 AVERAGE SELLING PRICE TREND, BY DEFENSE PLATFORM, 2023 98
TABLE 13 PRICE COMPARISON OF DRONES, BY COUNTRY 99
5.11 BUSINESS MODEL 100
FIGURE 52 BUSINESS MODEL OF KEY PLAYERS 100
5.12 INVESTMENT AND FUNDING SCENARIO 101
FIGURE 53 FUNDING BREAKUP OF DRONE TECH STARTUPS, 2014–2023 101
FIGURE 54 INVESTMENT AND FUNDING SCENARIO, 2020–2024 102
5.13 FUNDING, BY USE CASE/APPLICATION 102
TABLE 14 FUNDING BY USE CASE/APPLICATION 102
5.14 MARKET SCENARIO ANALYSIS 104
FIGURE 55 MARKET SCENARIO ANALYSIS, 2024–2029 105
FIGURE 56 INDIA DRONE MARKET FORECAST SCENARIO, 2024–2029 (UNITS) 106
TABLE 15 INDIA DRONE MARKET FORECAST SCENARIO, 2024–2029 (UNITS) 106
FIGURE 57 INDIA DRONE MARKET FORECAST SCENARIO, 2024–2029 (USD MILLION) 106
TABLE 16 INDIA DRONE MARKET FORECAST SCENARIO, 2024–2029 (USD MILLION) 106
5.14.1 MOST LIKELY SCENARIO 107
5.15 KEY CONFERENCES AND EVENTS 108
TABLE 17 KEY CONFERENCES AND EVENTS, 2024–2025 108
5.16 TECHNOLOGY ANALYSIS 108
TABLE 18 TECHNOLOGY ANALYSIS 108
5.17 KEY STAKEHOLDERS AND BUYING CRITERIA 110
5.17.1 KEY STAKEHOLDERS IN BUYING PROCESS 110
FIGURE 58 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS 110
TABLE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%) 111
5.17.2 BUYING CRITERIA 111
FIGURE 59 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 111
TABLE 20 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 111
5.18 REGULATORY LANDSCAPE 112
5.18.1 INTRODUCTION 112
5.18.2 DRONE RULE, 2021 112
TABLE 21 KEY PROVISIONS UNDER DRONE RULES, 2021 112
5.18.3 STATE POLICY AND REGULATORY FRAMEWORK FOR DRONES 114
FIGURE 60 STATE POLICY AND REGULATORY FRAMEWORK STATUS 114
TABLE 22 COMPARISON OF REGULATORY FRAMEWORKS IN 16 COUNTRIES 115
6 INDUSTRY TRENDS 116
6.1 INTRODUCTION 116
6.2 TECHNOLOGY TRENDS 116
FIGURE 61 TECHNOLOGY TRENDS 116
6.2.1 HIGH-ALTITUDE PSEUDO-SATELLITES 116
6.2.2 AERIAL TARGET DRONES 117
6.2.3 DRONE MANUFACTURING USING ADVANCED MATERIALS 117
FIGURE 62 MULTI-FUNCTIONAL MATERIALS USED IN MANUFACTURING DRONES 118
6.2.4 INTEGRATION OF NAVIGATION WITH INDIAN CONSTELLATION INTO DRONES 118
6.2.5 STEALTH COMBAT DRONES 118
6.3 IMPACT OF MEGATRENDS 119
6.3.1 3D PRINTING 119
6.3.2 ARTIFICIAL INTELLIGENCE 119
6.3.3 INTERNET OF THINGS 120
6.4 SUPPLY CHAIN ANALYSIS 121
FIGURE 63 SUPPLY CHAIN ANALYSIS 122
6.5 TECHNOLOGY ROADMAP 122
FIGURE 64 EVOLUTION OF DRONE TECHNOLOGY 122
FIGURE 65 TECHNOLOGY ROADMAP 123
FIGURE 66 EMERGING TRENDS 123
7 INDIA DRONE MARKET, BY PLATFORM 124
7.1 INTRODUCTION 125
FIGURE 67 INDIA DRONE MARKET, BY PLATFORM, 2024–2029 125
TABLE 23 INDIA DRONE MARKET, BY PLATFORM, 2020–2023 (USD MILLION) 125
TABLE 24 INDIA DRONE MARKET, BY PLATFORM, 2024–2029 (USD MILLION) 125
7.2 CIVIL AND COMMERCIAL 126
TABLE 25 CIVIL AND COMMERCIAL: INDIA DRONE MARKET, BY PLATFORM, 2020–2023 (UNITS) 126
TABLE 26 CIVIL AND COMMERCIAL: INDIA DRONE MARKET, BY PLATFORM, 2024–2029 (UNITS) 126
FIGURE 68 INDIA DRONE MARKET, BY CIVIL AND COMMERCIAL PLATFORM, 2024–2029 127
TABLE 27 CIVIL AND COMMERCIAL: INDIA DRONE MARKET, BY PLATFORM, 2020–2023 (USD MILLION) 127
TABLE 28 CIVIL AND COMMERCIAL: INDIA DRONE MARKET, BY PLATFORM, 2024–2029 (USD MILLION) 127
7.2.1 MICRO 128
7.2.1.1 Need for cost-effective and lightweight drones to drive market 128
7.2.2 SMALL 128
7.2.2.1 Rising use of drones in crop monitoring, wildlife conservation, and cinematography to drive market 128
7.2.3 MEDIUM 128
7.2.3.1 Growing adoption of drones in package delivery, meteorological research, and intelligence collection to drive market 128
7.2.4 LARGE 128
7.2.4.1 Increasing demand for passenger drones to drive market 128
7.3 DEFENSE 129
TABLE 29 DEFENSE: INDIA DRONE MARKET, BY PLATFORM, 2020–2023 (UNITS) 131
TABLE 30 DEFENSE: INDIA DRONE MARKET, BY PLATFORM, 2024–2029 (UNITS) 131
FIGURE 69 INDIA DRONE MARKET, BY DEFENSE PLATFORM, 2024–2029 131
TABLE 31 DEFENSE: INDIA DRONE MARKET, BY PLATFORM, 2020–2023 (USD MILLION) 132
TABLE 32 DEFENSE: INDIA DRONE MARKET, BY PLATFORM, 2024–2029 (USD MILLION) 132
7.3.1 SMALL 132
7.3.1.1 Rising use of small drones in military applications to drive market 132
7.3.2 TACTICAL 132
7.3.2.1 Growing demand for high endurance in drones to drive market 132
7.3.3 STRATEGIC 133
7.3.3.1 Surge in demand for high payload capability to drive market 133
8 INDIA DRONE MARKET, BY SYSTEM 134
8.1 INTRODUCTION 135
FIGURE 70 INDIA DRONE MARKET, BY SYSTEM, 2024–2029 135
TABLE 33 INDIA DRONE MARKET, BY SYSTEM, 2020–2023 (USD MILLION) 135
TABLE 34 INDIA DRONE MARKET, BY SYSTEM, 2024–2029 (USD MILLION) 135
8.2 PLATFORMS 136
8.2.1 AIRFRAMES 136
8.2.1.1 Growing collaborations between government agencies, research institutions, and private enterprises to drive market 136
8.2.2 AVIONICS 136
8.2.2.1 Advancements in sensor technology for enhanced navigation and data collection capabilities to drive market 136
8.2.3 PROPULSION SYSTEMS 137
8.2.3.1 Increasing focus on developing gas turbine engines to drive market 137
8.2.4 SOFTWARE 137
8.2.4.1 Development of AI-powered analytics for efficient data processing and actionable insights to drive market 137
8.3 PAYLOADS 137
8.3.1 CAMERAS 138
8.3.1.1 Increasing adoption of drones for aerial photography, infrastructure inspection, and urban planning to drive market 138
8.3.2 INTELLIGENCE PAYLOADS 138
8.3.2.1 Growing demand for enhanced situational awareness to drive market 138
8.3.3 RADARS 139
8.3.3.1 Rising need for real-time high-resolution imaging and improved warning systems to drive market 139
8.3.4 LIDAR 139
8.3.4.1 Booming demand for high-precision mapping and surveying to drive market 139
8.3.5 GIMBALS 140
8.3.5.1 Growing inclination toward drone photography to drive market 140
8.4 DATA LINKS 140
8.4.1 INCREASING EMPHASIS ON TRANSMITTING LOCATION, FLIGHT TIME, AND AIRSPEED DURING FLIGHTS TO DRIVE MARKET 140
8.5 GROUND CONTROL STATIONS 140
8.5.1 REMOTE MONITORING, MISSION PLANNING, AND ALTITUDE CONTROLLING APPLICATIONS TO DRIVE MARKET 140
8.6 LAUNCH AND RECOVERY SYSTEMS 141
8.6.1 HIGH DEMAND IN MILITARY SECTOR TO DRIVE MARKET 141
9 INDIA DRONE MARKET, BY INDUSTRY 142
9.1 INTRODUCTION 143
FIGURE 71 INDIA DRONE MARKET, BY INDUSTRY, 2024–2029 143
TABLE 35 INDIA DRONE MARKET, BY INDUSTRY, 2020–2023 (USD MILLION) 144
TABLE 36 INDIA DRONE MARKET, BY INDUSTRY, 2024–2029 (USD MILLION) 144
9.2 DEFENSE AND SECURITY 144
9.2.1 DISASTER MANAGEMENT APPLICATIONS TO DRIVE MARKET 144
9.3 AGRICULTURE 145
9.3.1 AGRARIAN ECONOMIC NATURE OF INDIA TO DRIVE MARKET 145
9.4 LOGISTICS AND TRANSPORTATION 145
9.4.1 TRANSPORTATION 145
9.4.1.1 Growing focus on sustainable logistics to drive market 145
9.4.2 POSTAL AND PACKAGE DELIVERY 145
9.4.2.1 Increasing emphasis on remote area delivery to drive market 145
9.4.3 HEALTHCARE AND PHARMACY DELIVERY 146
9.4.3.1 Rise in use of drones for emergency response, telemedicine support, and prescription delivery to drive market 146
9.5 ENERGY AND POWER 146
9.5.1 POWER GENERATION 146
9.5.1.1 Reduced need for manual inspection to drive market 146
9.5.2 OIL & GAS 146
9.5.2.1 Growing focus on safety regulation compliance to drive market 146
9.6 CONSTRUCTION AND MINNING 147
9.6.1 SURGE IN USE OF DRONES FOR PROJECT PLANNING AND RESOURCE ALLOCATION TO DRIVE MARKET 147
9.7 MEDIA AND ENTERTAINMENT 147
9.7.1 RISING DEMAND FOR REAL-TIME AERIAL FOOTAGE AND VISUAL STORYTELLING TO DRIVE MARKET 147
9.8 INSURANCE 148
9.8.1 INCREASING ADOPTION FOR RISK ASSESSMENT, CLAIMS PROCESSING, AND UNDERWRITING TO DRIVE MARKET 148
9.9 WILDLIFE AND FORESTRY 149
9.9.1 NEED TO COMBAT POACHING AND TRACK ANIMAL MOVEMENTS TO DRIVE MARKET 149
9.10 ACADEMICS AND RESEARCH 150
9.10.1 GROWING USE OF DRONES FOR ENVIRONMENTAL SCIENCE, GEOGRAPHY, AND ARCHAEOLOGY TO DRIVE MARKET 150
10 INDIA DRONE MARKET, BY APPLICATION 151
10.1 INTRODUCTION 152
TABLE 37 INDIA DRONE MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 152
TABLE 38 INDIA DRONE MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 153
10.2 MILITARY 153
TABLE 39 MILITARY: INDIA DRONE MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 153
TABLE 40 MILITARY: INDIA DRONE MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 154
10.2.1 INTELLIGENCE, SURVEILLANCE, AND RECONNAISSANCE 154
10.2.1.1 Rising need for improved battlefield intelligence gathering to drive market 154
10.2.2 COMBAT OPERATIONS 154
10.2.2.1 Growing demand for minimized collateral damage for ground troops to drive market 154
10.2.3 DELIVERY 154
10.2.3.1 Need for timely and safe resupply to frontline units to drive market 154
10.3 COMMERCIAL 155
10.3.1 INSPECTION AND MONITORING 155
10.3.1.1 Favorable government policies for unmanned aerial vehicles to drive market 155
10.3.2 REMOTE SENSING 155
10.3.2.1 Surge in 3D infrastructure modeling to drive market 155
10.3.3 SURVEYING AND MAPPING 156
10.3.3.1 Increased topographic survey, photogrammetry consultancy, and vegetation mapping to drive market 156
10.3.4 PRODUCT DELIVERY 156
10.3.4.1 Rapid expansion of e-commerce and demand for efficient last-mile delivery solutions to drive market 156
10.3.5 AERIAL IMAGING 156
10.3.5.1 Surge in use of drones for agile acrobatic shots and semi-orthometric aerial photography to drive market 156
10.4 GOVERNMENT AND LAW ENFORCEMENT 157
10.4.1 BORDER MANAGEMENT 157
10.4.1.1 Booming use of drones for threat detection on borders to drive market 157
10.4.2 TRAFFIC MONITORING 157
10.4.2.1 Increased emphasis on better traffic flow and road safety to drive market 157
10.4.3 FIREFIGHTING AND DISASTER MANAGEMENT 158
10.4.3.1 Growing focus on prompt response time during disasters to drive market 158
10.4.4 POLICE OPERATIONS AND INVESTIGATIONS 158
10.4.4.1 Increasing use of drones for crime scene analysis to drive market 158
10.4.5 MARITIME SECURITY 158
10.4.5.1 Surge in anti-piracy operations to drive market 158
10.5 CONSUMER 158
10.5.1 PROSUMERS 159
10.5.1.1 Increased use of drones for weddings and other events to drive market 159
10.5.2 HOBBYISTS 159
10.5.2.1 Expanding use of drones for vlogging to drive market 159
11 INDIA DRONE MARKET, BY POINT OF SALE 160
11.1 INTRODUCTION 161
FIGURE 73 INDIA DRONE MARKET, BY POINT OF SALE, 2024–2029 161
TABLE 41 INDIA DRONE MARKET, BY POINT OF SALE, 2020–2023 (USD MILLION) 161
TABLE 42 INDIA DRONE MARKET, BY POINT OF SALE, 2024–2029 (USD MILLION) 161
11.2 OEM 162
11.2.1 INCREASING ADOPTION OF DRONES IN AGRICULTURE, CONSTRUCTION, INFRASTRUCTURE, AND LOGISTICS TO DRIVE MARKET 162
11.3 AFTERMARKET 162
11.3.1 MRO 162
11.3.1.1 Stringent regulatory environment governing commercial drone operations to drive market 162
11.3.2 REPLACEMENT PARTS AND SOFTWARE UPGRADES 163
11.3.2.1 Rising need for optimized drone performance to drive market 163
11.3.3 SIMULATION AND TRAINING 163
11.3.3.1 Growing government initiatives such as Drone Certification Scheme to drive market 163
12 COMPETITIVE LANDSCAPE 164
12.1 INTRODUCTION 164
12.2 KEY PLAYER STRATEGIES 164
TABLE 43 KEY PLAYER STRATEGIES, 2023–2024 164
12.3 RANKING ANALYSIS 166
12.4 BRAND AND PRODUCT COMPARISON 166
12.4.1 BRAND AND PRODUCT COMPARISON 167
FIGURE 75 BRAND COMPARISON, 2023 167
12.4.2 PRODUCT COMPARISON 168
TABLE 44 PRODUCT COMPARISON OF COMMERCIAL DRONES, 2023 168
TABLE 45 PRODUCT COMPARISON OF MILITARY DRONES, 2023 169
12.5 COMPANY VALUATION AND FINANCIAL METRICS 170
TABLE 46 COMPANY VALUATION OF KEY PLAYERS, 2018–2023 171
TABLE 47 FINANCIAL METRICS OF KEY PLAYERS, 2018–2023 171
12.6 REVENUE ANALYSIS 172
12.7 MARKET SHARE ANALYSIS 172
FIGURE 79 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023 172
TABLE 48 INDIA DRONE MARKET: DEGREE OF COMPETITION 173
12.8 COMPANY EVALUATION MATRIX 175
12.8.1 STARS 175
12.8.2 EMERGING LEADERS 175
12.8.3 PERVASIVE PLAYERS 175
12.8.4 PARTICIPANTS 175
FIGURE 80 INDIA DRONE MARKET: COMPANY EVALUATION MATRIX, 2023 176
12.8.5 COMPANY FOOTPRINT 177
FIGURE 81 INDIA DRONE MARKET: COMPANY FOOTPRINT 177
TABLE 49 INDIA DRONE MARKET: PLATFORM FOOTPRINT 178
TABLE 50 INDIA DRONE MARKET: INDUSTRY FOOTPRINT 178
TABLE 51 INDIA DRONE MARKET: APPLICATION FOOTPRINT 179
TABLE 52 INDIA DRONE MARKET: POINT OF SALE FOOTPRINT 180
12.9 STARTUP/SME EVALUATION MATRIX 180
12.9.1 PROGRESSIVE COMPANIES 180
12.9.2 RESPONSIVE COMPANIES 180
12.9.3 DYNAMIC COMPANIES 180
12.9.4 STARTING BLOCKS 181
FIGURE 82 INDIA DRONE MARKET: STARTUP/SME EVALUATION MATRIX, 2023 181
12.9.5 COMPETITIVE BENCHMARKING 182
TABLE 53 INDIA DRONE MARKET: KEY STARTUPS/SMES 182
TABLE 54 INDIA DRONE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 183
12.10 COMPETITIVE SCENARIOS AND TRENDS 184
12.10.1 MARKET EVALUATION FRAMEWORK 184
12.10.2 PRODUCT LAUNCHES 184
TABLE 55 INDIA DRONE MARKET: PRODUCT LAUNCHES, JANUARY 2021–MARCH 2024 184
12.10.3 DEALS 186
TABLE 56 INDIA DRONE MARKET: DEALS, JANUARY 2021–MARCH 2024 186
TABLE 57 INDIA DRONE MARKET: EXPANSIONS, JANUARY 2021–MARCH 2024 193
TABLE 58 INDIA DRONE MARKET: OTHER DEVELOPMENTS, JANUARY 2021–MARCH 2024 194
13 COMPANY PROFILES 196
(Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Right to win, Strategic choices, Weaknesses and competitive threats) *
13.1 INTRODUCTION 196
13.2 KEY PLAYERS 196
13.2.1 IDEAFORGE TECHNOLOGY LTD. 196
TABLE 59 IDEAFORGE TECHNOLOGY LTD.: COMPANY OVERVIEW 196
FIGURE 83 IDEAFORGE TECHNOLOGY LTD.: COMPANY SNAPSHOT 197
TABLE 60 IDEAFORGE TECHNOLOGY LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 197
TABLE 61 IDEAFORGE TECHNOLOGY LTD.: PRODUCT LAUNCHES 200
TABLE 62 IDEAFORGE TECHNOLOGY LTD.: DEALS 200
TABLE 63 IDEAFORGE TECHNOLOGY LTD.: OTHER DEVELOPMENTS 201
13.2.2 NEWSPACE RESEARCH AND TECHNOLOGIES PVT. LTD. 202
TABLE 64 NEWSPACE RESEARCH AND TECHNOLOGIES PVT. LTD.: COMPANY OVERVIEW 202
TABLE 65 NEWSPACE RESEARCH AND TECHNOLOGIES PVT. LTD.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED 202
TABLE 66 NEWSPACE RESEARCH AND TECHNOLOGIES PVT. LTD.: DEALS 203
TABLE 67 NEWSPACE RESEARCH AND TECHNOLOGIES PVT. LTD.: OTHER DEVELOPMENTS 203
13.2.3 IOTECHWORLD 205
TABLE 68 IOTECHWORLD: COMPANY OVERVIEW 205
TABLE 69 IOTECHWORLD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 205
TABLE 70 IOTECHWORLD: DEALS 207
TABLE 71 IOTECHWORLD: OTHER DEVELOPMENTS 208
13.2.4 GARUDA AEROSPACE 210
TABLE 72 GARUDA AEROSPACE: COMPANY OVERVIEW 210
TABLE 73 GARUDA AEROSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 211
TABLE 74 GARUDA AEROSPACE: PRODUCT LAUNCHES 213
TABLE 75 GARUDA AEROSPACE: DEALS 214
13.2.5 ASTERIA AEROSPACE LIMITED 218
TABLE 76 ASTERIA AEROSPACE LIMITED: COMPANY OVERVIEW 218
TABLE 77 ASTERIA AEROSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 218
13.2.6 PARAS AEROSPACE 220
TABLE 78 PARAS AEROSPACE: COMPANY OVERVIEW 220
TABLE 79 PARAS AEROSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 220
TABLE 80 PARAS AEROSPACE: PRODUCT LAUNCHES 221
TABLE 81 PARAS AEROSPACE: DEALS 221
TABLE 82 PARAS AEROSPACE: OTHER DEVELOPMENTS 222
13.2.7 ADANI DEFENCE AND AEROSPACE 223
TABLE 83 ADANI DEFENCE AND AEROSPACE: COMPANY OVERVIEW 223
TABLE 84 ADANI DEFENCE AND AEROSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 223
TABLE 85 ADANI DEFENCE AND AEROSPACE: PRODUCT LAUNCHES 226
TABLE 86 ADANI DEFENCE AND AEROSPACE: DEALS 226
13.2.8 DRONIX TECHNOLOGIES PRIVATE LIMITED 227
TABLE 87 DRONIX TECHNOLOGIES PRIVATE LIMITED: COMPANY OVERVIEW 227
TABLE 88 DRONIX TECHNOLOGIES PRIVATE LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 227
13.2.9 JOHNNETTE GROUP 232
TABLE 89 JOHNNETTE GROUP: COMPANY OVERVIEW 232
TABLE 90 JOHNNETTE GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 232
TABLE 91 JOHNNETTE GROUP: DEALS 233
TABLE 92 JOHNNETTE GROUP: OTHER DEVELOPMENTS 233
13.2.10 TATA ADVANCED SYSTEMS LIMITED 234
TABLE 93 TATA ADVANCED SYSTEMS LIMITED: COMPANY OVERVIEW 234
TABLE 94 TATA ADVANCED SYSTEMS LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 234
13.2.11 CDSPACE 236
TABLE 95 CDSPACE: COMPANY OVERVIEW 236
TABLE 96 CDSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 236
TABLE 97 CDSPACE: DEALS 236
13.2.12 THANOS 237
TABLE 98 THANOS: COMPANY OVERVIEW 237
TABLE 99 THANOS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 237
13.2.13 DROGO DRONES 238
TABLE 100 DROGO DRONES: COMPANY OVERVIEW 238
TABLE 101 DROGO DRONES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 238
TABLE 102 DROGO DRONES: PRODUCT LAUNCHES 239
13.2.14 SCANDRON PVT. LTD. 240
TABLE 103 SCANDRON PVT. LTD.: COMPANY OVERVIEW 240
TABLE 104 SCANDRON PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 240
TABLE 105 SCANDRON PVT. LTD.: DEALS 241
13.2.15 DHAKSHA UNMANNED SYSTEMS 242
TABLE 106 DHAKSHA UNMANNED SYSTEMS: COMPANY OVERVIEW 242
TABLE 107 DHAKSHA UNMANNED SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 242
TABLE 108 DHAKSHA UNMANNED SYSTEMS: OTHER DEVELOPMENTS 243
13.2.16 MULTIPLEX DRONE PRIVATE LIMITED 244
TABLE 109 MULTIPLEX DRONE PRIVATE LIMITED: COMPANY OVERVIEW 244
TABLE 110 MULTIPLEX DRONE PRIVATE LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 244
13.2.17 CHATAK INNOVATIONS 247
TABLE 111 CHATAK INNOVATIONS: COMPANY OVERVIEW 247
TABLE 112 CHATAK INNOVATIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 247
13.2.18 AEROSIGHT TECHNOLOGIES 248
TABLE 113 AEROSIGHT TECHNOLOGIES: COMPANY OVERVIEW 248
TABLE 114 AEROSIGHT TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 248
13.2.19 MARUT DRONETECH PRIVATE LIMITED 249
TABLE 115 MARUT DRONETECH PRIVATE LIMITED: COMPANY OVERVIEW 249
TABLE 116 MARUT DRONETECH PRIVATE LIMITED: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 249
TABLE 117 MARUT DRONETECH PRIVATE LIMITED: PRODUCT LAUNCHES 251
TABLE 118 MARUT DRONETECH PRIVATE LIMITED: DEALS 251
TABLE 119 MARUT DRONETECH PRIVATE LIMITED: EXPANSIONS 251
13.2.20 URBANMATRIX TECHNOLOGIES 252
TABLE 120 URBANMATRIX TECHNOLOGIES: COMPANY OVERVIEW 252
TABLE 121 URBANMATRIX TECHNOLOGIES: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 252
TABLE 122 URBANMATRIX TECHNOLOGIES: DEALS 253
13.2.21 TECHEAGLE 254
TABLE 123 TECHEAGLE: COMPANY OVERVIEW 254
TABLE 124 TECHEAGLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 254
TABLE 125 TECHEAGLE: DEALS 255
13.2.22 SAGAR DEFENCE ENGINEERING 256
TABLE 126 SAGAR DEFENCE ENGINEERING: COMPANY OVERVIEW 256
TABLE 127 SAGAR DEFENCE ENGINEERING: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 256
13.2.23 THROTTLE AEROSPACE SYSTEMS PVT. LTD. 257
TABLE 128 THROTTLE AEROSPACE SYSTEMS PVT. LTD.: COMPANY OVERVIEW 257
TABLE 129 THROTTLE AEROSPACE SYSTEMS PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 257
TABLE 130 THROTTLE AEROSPACE SYSTEMS PVT. LTD.: PRODUCT LAUNCHES 258
13.2.24 DCM SHRIRAM INDUSTRIES LTD. 259
TABLE 131 DCM SHRIRAM INDUSTRIES LTD.: COMPANY OVERVIEW 259
FIGURE 84 DCM SHRIRAM INDUSTRIES LTD.: COMPANY SNAPSHOT 259
TABLE 132 DCM SHRIRAM INDUSTRIES LTD.: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 260
TABLE 133 DCM SHRIRAM INDUSTRIES LTD.: DEALS 260
13.2.25 RCHOBBYTECH SOLUTIONS PRIVATE LIMITED 261
TABLE 134 RCHOBBYTECH SOLUTIONS PRIVATE LIMITED: COMPANY OVERVIEW 261
TABLE 135 RCHOBBYTECH SOLUTIONS PRIVATE LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 261
13.2.26 HUBBLEFLY TECHNOLOGIES 263
TABLE 136 HUBBLEFLY TECHNOLOGIES: COMPANY OVERVIEW 263
TABLE 137 HUBBLEFLY TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 263
13.2.27 INDRONES SOLUTIONS PVT. LTD. 265
TABLE 138 INDRONES SOLUTIONS PVT. LTD.: COMPANY OVERVIEW 265
TABLE 139 INDRONES SOLUTIONS PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 265
13.2.28 D’AVIATORS 267
TABLE 140 D’AVIATORS: COMPANY OVERVIEW 267
TABLE 141 D’AVIATORS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 267
13.2.29 SKYLARK DRONES 269
TABLE 142 SKYLARK DRONES: COMPANY OVERVIEW 269
TABLE 143 SKYLARK DRONES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 269
TABLE 144 SKYLARK DRONES: OTHER DEVELOPMENTS 270
13.2.30 RAPHE 271
TABLE 145 RAPHE: COMPANY OVERVIEW 271
TABLE 146 RAPHE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 271
TABLE 147 RAPHE: PRODUCT LAUNCHES 272
*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 273
14.1 DISCUSSION GUIDE 273
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 278
14.3 CUSTOMIZATION OPTIONS 280
14.4 RELATED REPORTS 280
14.5 AUTHOR DETAILS 281
