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
The drone industry in India is booming, fueled by tech advancements and growing demand across sectors like agriculture, defense, and delivery services. 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 witnessing rapid expansion, driven by their growing application in agriculture, infrastructure, and defense. This growth is fueled by government initiatives like relaxed drone regulations and the Production-Linked Incentive (PLI) scheme for drone manufacturing. In agriculture, drones are increasingly used for precision farming, enabling farmers to monitor crops, optimize resources, and boost yields. Additionally, drones are being employed in the construction and infrastructure sectors for tasks such as site surveys, monitoring, and maintenance, which enhances efficiency and lowers costs. The defense sector’s rising investment in advanced unmanned aerial vehicles (UAVs) for surveillance and security also plays a key role in propelling the market’s upward trajectory.
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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