India Drone Market: Investment & Growth Opportunity Analysis, 2019-2028

By: RationalStat LLC
WILMINGTON, Del. - Sept. 11, 2023 - PRLog -- The report, titled "Indian Drone Market Analysis and Future Forecast 2019-2028" analyzes the global market according to type, payload, user application, sales channel and location. The report is comprehensive and provides thorough analysis of the market's historical and projected size along with an extensive market analysis.

Marketing Overview and Dynamics

The Indian drone market is predicted to expand at a rate of about 18% during the 2022-2028 forecast timeframe. In the last year, the Indian Drone market surpassed US$920 million in 2021. While the majority of use for drones is expected by the defense and military sector however, it is also evident that the Indian drone market has been currently experimenting and looking into the application for drones across other industries too.
  • With the advent of Kisan drones There is hope that agriculture will benefit from more drone interventions to increase efficiency through crop analysis and the spraying of insecticides and nutrients.

    Government Involvement and Conducive Policies

The ambitious "Make In India" initiative of the Indian government, which is designed to boost manufacturing locally across many industries which has led to the creation of joint ventures within UAV. UAV sector. There are numerous Indian companies that have stepped into this UAV market.

Segmental Analysis
  • Based on the type fixed-wing drones, they have an important market share of 44%. Fixed-wing drones are able to fly at any duration, range, and speed, which is ideal for surveillance, military, and other applications that are emerging.

Competition Analysis

Due to the presence of many well-established companies in the Indian drone sector, there is intense competition. In order to preserve a competitive advantage in the market, local businesses are developing new, advanced technologies and innovations as the government has boosted its investment in drones and unmanned aerial vehicles (UAVs). It is imperative that India is an import-driven market for drones and UAVs.
  • In Sept 2021, RattanIndia Enterprises announced the launch of its drone business through its wholly-owned subsidiary NeoSky India Ltd. NeoSky India will develop a drone system platform focusing on industry applications. The company recently also made a strategic investment in US-based urban drone logistics, Matternet, working extensively on the drone logistics platform

Some of the leading players involved in the production and marketing of the drone market include ideaForge Technology Pvt. Ltd., Asteria Aerospace Pvt. Ltd., Aarav Unmanned Systems Pvt. Ltd., Tata Advanced Systems Pvt. Ltd., Throttle Aerospace Systems Pvt. Ltd., Shenzhen DJI Innovation Technology Co., Elbit Systems Ltd., Adani Defence & Aerospace, and others.

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About RationalStat LLC

RationalStat is an end-to-end US-based market intelligence and consulting company that provides comprehensive market research reports along with customized strategy and consulting studies.
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