India Drones Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 9.13% (2024-2032)
Market Size in 2023: USD 1,108.9 Million
Market Size in 2032: USD 2,434.3 Million
India drone market is rapidly expanding, driven by advancements in technology and increasing demand across industries. According to the latest report by IMARC Group, the market reached USD 1,108.9 Million in 2023. Looking forward, IMARC Group expects the market to reach USD 2,434.3 Million by 2032, exhibiting a growth rate (CAGR) of 9.13% during 2024-2032.
India Drones Market Trends and Drivers:
The Indian drone market is experiencing rapid growth due to their expanding use in agriculture, infrastructure, and defense sectors. This expansion is supported by favorable government initiatives, such as relaxed drone regulations and the Production-Linked Incentive (PLI) scheme for drone manufacturing. In agriculture, drones are increasingly utilized for precision farming, helping farmers monitor crops, optimize resources, and enhance yields.
Moreover, drones are being adopted in the construction and infrastructure sectors for site surveys, monitoring, and maintenance, which boosts efficiency and reduces costs. The defense sector's investment in advanced unmanned aerial vehicles (UAVs) for surveillance and security is also a significant factor driving market growth.
Several notable trends are shaping the India drones market including technological advancements in drone capabilities, such as improved flight stability, longer battery life, and advanced sensors, which are enhancing their usability and effectiveness across different applications. In addition to this, the integration of artificial intelligence (AI) and machine learning (ML) in drone operations is enabling sophisticated data analysis and autonomous flight, expanding the potential uses of drones.
Furthermore, the rise of drone delivery services, especially in logistics and healthcare, is emerging as a promising area, driven by the need for efficient and contactless delivery solutions. Apart from this, the increasing focus on indigenous manufacturing and the establishment of drone startups are also anticipated to drive the India drones market over the forecasted period.
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India Drones Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
Fixed Wing
Rotary Wing
Hybrid
Breakup by Component:
Hardware
Software
Accessories
Breakup by Payload:
<25 Kilograms
25-170 Kilograms
>170 Kilograms
Breakup by Point of Sale:
Original Equipment Manufacturers (OEM)
Aftermarket
Breakup by End Use Industry:
Construction
Agriculture
Military and Defense
Law Enforcement
Logistics
Media and Entertainment
Others
Breakup by Region:
North India
West and Central India
South India
East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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