India Drones Market to Grow at 9.13% During 2024-2032, Augmented by Significant Growth in the Military and Defense Sector

April 14, 2023 | Aerospace and Defense

According to the latest report by IMARC Group, titled "India Drones Market Report by Type (Fixed Wing, Rotary Wing, Hybrid), Component (Hardware, Software, Accessories), Payload (<25 Kilograms, 25-170 Kilograms, >170 Kilograms), Point of Sale (Original Equipment Manufacturers (OEM), Aftermarket), End Use Industry (Construction, Agriculture, Military and Defense, Law Enforcement, Logistics, Media and Entertainment, and Others), and Region 2024-2032," finds that the India drones market is expected to exhibit a CAGR of 9.13% during the forecast period (2024-2032). Drones, also known as unmanned aerial vehicles (UAVs), are flying robots incorporated with embedded systems, a global positioning system (GPS), sensors, batteries, antenna, receiver, camera, accelerometer, altimeter, and speed and flight controllers. They can be controlled remotely or autonomously using the software. They are manufactured using lightweight composite materials, such as carbon fiber composites, fiberglass, aluminum, and plastic that assist in minimizing weight and increasing maneuverability. They are commonly used in different industry verticals for weather monitoring, firefighting, rescue operations, and intelligence gathering.

India Drones Market Trends:

The increasing use of drones in the military and defense sector on account of the rising number of cross-border terrorist activities, illegal trespassing, and drug trafficking incidences represents one of the major factors augmenting the market growth in India. Moreover, the growing adoption of drones in the construction industry to improve safety, prevent hazardous situations, survey lands, and provide constant and reliable topographic updates is influencing the market positively in the country. Furthermore, rising construction activities in residential and commercial spaces are strengthening the growth of the market. In addition, the increasing utilization of drones in the entertainment and media industry to capture footage, events, and videos are favoring the growth of the market in India. Apart from this, drones are employed in the healthcare industry for diagnosis and treatment, perioperative evaluation, and telementoring in remote areas. They are also utilized in medical delivery platforms for delivering microbiological and laboratory samples, drugs, vaccines, emergency medical equipment, and patient transport. This, along with the surging prevalence of chronic disorders among the masses, is creating a positive outlook for the market in the country.

Market Summary:

On the basis of the type, the market has been segmented into fixed wing, rotary wing, and hybrid. At present, fixed wing holds the biggest market share.
Based on the component, the market has been classified into hardware, software, and accessories.
On the basis of the payload, the market has been categorized into <25 kilograms, 25-170 kilograms, and >170 kilograms.
Based on the point of sale, the market has been segregated into original equipment manufacturers (OEM) and aftermarket. Presently, original equipment manufacturers (OEM) represent the largest segment.
On the basis of the end use industry, the market has been segmented into construction, agriculture, military and defense, law enforcement, logistics, media and entertainment, and others.
Region wise, the market has been divided into North India, West and Central India, South India, and East India.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Type, Component, Payload, Point of Sale, End Use Industry, Region
Region Covered	North India, West and Central India, South India, East India
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
Post-Sale Analyst Support	10-12 Weeks
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India Drones Market to Grow at 9.13% During 2024-2032, Augmented by Significant Growth in the Military and Defense Sector

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