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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

May 2024 | 276 pages | ID: IB47D07F2AE9EN
MarketsandMarkets

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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. 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
1 INTRODUCTION

1.1 INTRODUCTION
1.2 STUDY OBJECTIVES
1.3 MARKET DEFINITION
1.4 STUDY SCOPE
  1.4.1 MARKETS COVERED
FIGURE 1 INDIA DRONE MARKET SEGMENTATION
  1.4.2 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
TABLE 1 USD EXCHANGE RATES
1.6 INCLUSIONS AND EXCLUSIONS
TABLE 2 INCLUSIONS AND EXCLUSIONS
1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
FIGURE 2 RESEARCH PROCESS FLOW
FIGURE 3 RESEARCH DESIGN
  2.1.1 SECONDARY DATA
    2.1.1.1 Key data from secondary sources
  2.1.2 PRIMARY DATA
    2.1.2.1 Key insights from primary sources
    2.1.2.2 Key data from primary sources
2.2 FACTOR ANALYSIS
  2.2.1 INTRODUCTION
  2.2.2 DEMAND-SIDE INDICATORS
TABLE 3 IMPACT OF DEMAND-SIDE INDICATORS
  2.2.3 SUPPLY-SIDE INDICATORS
TABLE 4 IMPACT OF SUPPLY-SIDE INDICATORS
2.3 RESEARCH APPROACH AND METHODOLOGY
  2.3.1 BOTTOM-UP APPROACH
    2.3.1.1 Market size estimation and methodology
    2.3.1.2 Pricing analysis of drones
FIGURE 4 BOTTOM-UP APPROACH
  2.3.2 TOP-DOWN APPROACH
FIGURE 5 TOP-DOWN APPROACH
2.4 DATA TRIANGULATION AND VALIDATION
  2.4.1 TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH
FIGURE 6 DATA TRIANGULATION
2.5 RESEARCH ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
2.7 RISK ASSESSMENT

3 EXECUTIVE SUMMARY

FIGURE 7 PAYLOADS SEGMENT TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 8 DEFENSE AND SECURITY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 9 COMMERCIAL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 10 OEM SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 11 MARKET FLOW IN INDIA DRONE MARKET, 2023 (USD MILLION)
FIGURE 12 MARKET SCENARIO ANALYSIS, 2020–2029

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INDIA DRONE MARKET
FIGURE 13 FLOURISHING STARTUP SCENARIO AND STRONG GOVERNMENT SUPPORT TO DRIVE MARKET
4.2 INDIA DRONE MARKET, BY SYSTEM
FIGURE 14 PLATFORMS SEGMENT TO RECORD LARGEST MARKET SHARE DURING FORECAST PERIOD
4.3 INDIA DRONE MARKET, BY PLATFORM
FIGURE 15 DEFENSE SEGMENT TO LEAD LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 16 SMALL SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD (UNITS)
4.4 INDIA DRONE MARKET, BY POINT OF SALE
FIGURE 17 OEM SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
4.5 INDIA DRONE MARKET, BY INDUSTRY
FIGURE 18 DEFENSE AND SECURITY SEGMENT TO HOLD LARGEST MARKET SHARE FROM 2024 TO 2029
4.6 INDIA DRONE MARKET, BY APPLICATION
FIGURE 19 MILITARY SEGMENT TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD

5 MARKET OVERVIEW

5.1 INTRODUCTION
FIGURE 20 EVOLUTION OF INDIA DRONE MARKET
5.2 MARKET DYNAMICS
FIGURE 21 INDIA DRONE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  5.2.1 DRIVERS
    5.2.1.1 Favorable regulatory frameworks and government initiatives
FIGURE 22 ROADMAP OF GOVERNMENT POLICIES AND REGULATORY FRAMEWORKS
FIGURE 23 GOVERNMENT INITIATIVES TO PROMOTE DRONE APPLICATIONS
    5.2.1.2 Growing emphasis on precision farming
FIGURE 24 AGRICULTURE DRONES AND THEIR BENEFITS
TABLE 5 AGRICULTURE DRONE USAGE, BY APPLICATION, 2023–2029
FIGURE 25 AGRICULTURE DRONE USAGE, BY DRONE TYPE, 2023–2029
    5.2.1.3 Surging demand for surveillance and border security drones
TABLE 6 DRONE INTRUSION CASES, 2021–2022
TABLE 7 SMALL MILITARY DRONES USED BY INDIAN ARMED FORCES
    5.2.1.4 Increasing adoption of drones for commercial applications
FIGURE 26 ADVANTAGES OF DRONES
FIGURE 27 APPLICATION-BASED BARRIERS FOR DRONE MANUFACTURING
TABLE 8 DRONE USAGE BY INDIAN COMPANIES
  5.2.2 RESTRAINTS
    5.2.2.1 High dependence on foreign suppliers
FIGURE 28 IMPORT PERCENTAGE OF DRONE COMPONENTS, 2023
    5.2.2.2 Data privacy and security concerns
FIGURE 29 CYBER ATTACKS TARGETING FLIGHT CONTROLLERS, STATIONS, DATA LINKS, AND GROUND CONTROLS
  5.2.3 OPPORTUNITIES
    5.2.3.1 Rising use of drones in logistics industry
FIGURE 30 FUTURE OF DRONES IN LOGISTICS INDUSTRY
FIGURE 31 BENEFITS OF DEPLOYING DRONES IN LOGISTICS INDUSTRY
    5.2.3.2 Need for real-time traffic monitoring and management
FIGURE 32 BENEFITS OF DRONES USED IN TRAFFIC MONITORING AND MANAGEMENT
  5.2.4 CHALLENGES
    5.2.4.1 Limited payload capacity
FIGURE 33 FLIGHT TIME VS. BATTERY CAPACITY
FIGURE 34 MASS VS. FLIGHT TIME
TABLE 9 ENDURANCE-BASED MAPPING OF POWER SOURCES
    5.2.4.2 Complex integration of advanced technologies in drones
5.3 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 35 REVENUE SHIFT AND NEW REVENUE POCKETS FOR INDIA DRONE MARKET PLAYERS
5.4 VALUE CHAIN ANALYSIS
FIGURE 36 VALUE CHAIN ANALYSIS
  5.4.1 PLANNING AND REVISED FUNDING
  5.4.2 RESEARCH & DEVELOPMENT
  5.4.3 RAW MATERIAL PROCUREMENT AND MANUFACTURING
  5.4.4 ASSEMBLY, TESTING, AND APPROVALS
  5.4.5 DISTRIBUTION AND AFTER-SALE SERVICES
5.5 ECOSYSTEM ANALYSIS
  5.5.1 COMPONENT MANUFACTURERS
  5.5.2 SYSTEM INTEGRATORS
  5.5.3 SERVICE PROVIDERS
  5.5.4 COMPONENT IMPORTERS
FIGURE 37 ECOSYSTEM ANALYSIS
TABLE 10 ROLE OF COMPANIES IN ECOSYSTEM
5.6 OPERATIONAL DATA
FIGURE 38 COMMERCIAL DRONE REGISTRATIONS IN INDIA, 2019–2023
FIGURE 39 DRONE REGISTRATIONS, BY CIVIL AND COMMERCIAL PLATFORM, 2019–2023
FIGURE 40 TOP 20 DRONE MODELS REGISTERED IN INDIA, 2019–2023
FIGURE 41 DRONE REGISTRATIONS, BY TYPE, 2020–2023
FIGURE 42 DRONE REGISTRATION, BY TOP 30 COMPANIES, 2019–2023 (UNITS)
5.7 BILL OF MATERIALS
FIGURE 43 KEY COMPONENT DISTRIBUTION OF COMMERCIAL DRONES
FIGURE 44 KEY COMPONENT DISTRIBUTION OF MILITARY DRONES
FIGURE 45 DRONE COMPONENTS IMPORT AND INDIGENOUS DISTRIBUTION
5.8 USE CASE ANALYSIS
  5.8.1 AERIAL INSPECTION OF 10 MW SOLAR INSTALLATION IN SOUTHERN INDIA
  5.8.2 INTEGRATION OF DRONE TECHNOLOGY IN TRANSMISSION PROJECT CONSTRUCTION
  5.8.3 DRONE-AS-A-SERVICE FOR AGRICULTURAL MONITORING
TABLE 11 OTHER USES CASES OF DRONES IN INDIA
5.9 TOTAL COST OF OWNERSHIP
FIGURE 46 TOTAL COST OF OWNERSHIP ASSOCIATED WITH DRONE ACQUISITION
FIGURE 47 AVERAGE BREAKDOWN OF MAJOR COST CATEGORIES RELATED TO AGRICULTURE DRONES (%)
FIGURE 48 AVERAGE BREAKDOWN OF COST CATEGORIES FOR HIGHEST-SELLING AGRICULTURE DRONES (%)
TABLE 12 TOTAL COST OF OWNERSHIP FOR AGRICULTURE DRONES (USD)
FIGURE 49 AVERAGE BREAKDOWN OF MAJOR COST CATEGORIES FOR STRATEGIC DRONES (%)
5.10 PRICING ANALYSIS
  5.10.1 INDICATIVE PRICING ANALYSIS
FIGURE 50 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TOP 3 CIVIL AND COMMERCIAL PLATFORMS, 2023
FIGURE 51 AVERAGE SELLING PRICE TREND, BY DEFENSE PLATFORM, 2023
TABLE 13 PRICE COMPARISON OF DRONES, BY COUNTRY
5.11 BUSINESS MODEL
FIGURE 52 BUSINESS MODEL OF KEY PLAYERS
5.12 INVESTMENT AND FUNDING SCENARIO
FIGURE 53 FUNDING BREAKUP OF DRONE TECH STARTUPS, 2014–2023
FIGURE 54 INVESTMENT AND FUNDING SCENARIO, 2020–2024
5.13 FUNDING, BY USE CASE/APPLICATION
TABLE 14 FUNDING BY USE CASE/APPLICATION
5.14 MARKET SCENARIO ANALYSIS
FIGURE 55 MARKET SCENARIO ANALYSIS, 2024–2029
FIGURE 56 INDIA DRONE MARKET FORECAST SCENARIO, 2024–2029 (UNITS)
TABLE 15 INDIA DRONE MARKET FORECAST SCENARIO, 2024–2029 (UNITS)
FIGURE 57 INDIA DRONE MARKET FORECAST SCENARIO, 2024–2029 (USD MILLION)
TABLE 16 INDIA DRONE MARKET FORECAST SCENARIO, 2024–2029 (USD MILLION)
  5.14.1 MOST LIKELY SCENARIO
5.15 KEY CONFERENCES AND EVENTS
TABLE 17 KEY CONFERENCES AND EVENTS, 2024–2025
5.16 TECHNOLOGY ANALYSIS
TABLE 18 TECHNOLOGY ANALYSIS
5.17 KEY STAKEHOLDERS AND BUYING CRITERIA
  5.17.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 58 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
TABLE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
  5.17.2 BUYING CRITERIA
FIGURE 59 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
TABLE 20 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
5.18 REGULATORY LANDSCAPE
  5.18.1 INTRODUCTION
  5.18.2 DRONE RULE, 2021
TABLE 21 KEY PROVISIONS UNDER DRONE RULES, 2021
  5.18.3 STATE POLICY AND REGULATORY FRAMEWORK FOR DRONES
FIGURE 60 STATE POLICY AND REGULATORY FRAMEWORK STATUS
TABLE 22 COMPARISON OF REGULATORY FRAMEWORKS IN 16 COUNTRIES

6 INDUSTRY TRENDS

6.1 INTRODUCTION
6.2 TECHNOLOGY TRENDS
FIGURE 61 TECHNOLOGY TRENDS
  6.2.1 HIGH-ALTITUDE PSEUDO-SATELLITES
  6.2.2 AERIAL TARGET DRONES
  6.2.3 DRONE MANUFACTURING USING ADVANCED MATERIALS
FIGURE 62 MULTI-FUNCTIONAL MATERIALS USED IN MANUFACTURING DRONES
  6.2.4 INTEGRATION OF NAVIGATION WITH INDIAN CONSTELLATION INTO DRONES
  6.2.5 STEALTH COMBAT DRONES
6.3 IMPACT OF MEGATRENDS
  6.3.1 3D PRINTING
  6.3.2 ARTIFICIAL INTELLIGENCE
  6.3.3 INTERNET OF THINGS
6.4 SUPPLY CHAIN ANALYSIS
FIGURE 63 SUPPLY CHAIN ANALYSIS
6.5 TECHNOLOGY ROADMAP
FIGURE 64 EVOLUTION OF DRONE TECHNOLOGY
FIGURE 65 TECHNOLOGY ROADMAP
FIGURE 66 EMERGING TRENDS

7 INDIA DRONE MARKET, BY PLATFORM

7.1 INTRODUCTION
FIGURE 67 INDIA DRONE MARKET, BY PLATFORM, 2024–2029
TABLE 23 INDIA DRONE MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
TABLE 24 INDIA DRONE MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
7.2 CIVIL AND COMMERCIAL
TABLE 25 CIVIL AND COMMERCIAL: INDIA DRONE MARKET, BY PLATFORM, 2020–2023 (UNITS)
TABLE 26 CIVIL AND COMMERCIAL: INDIA DRONE MARKET, BY PLATFORM, 2024–2029 (UNITS)
FIGURE 68 INDIA DRONE MARKET, BY CIVIL AND COMMERCIAL PLATFORM, 2024–2029
TABLE 27 CIVIL AND COMMERCIAL: INDIA DRONE MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
TABLE 28 CIVIL AND COMMERCIAL: INDIA DRONE MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  7.2.1 MICRO
    7.2.1.1 Need for cost-effective and lightweight drones to drive market
  7.2.2 SMALL
    7.2.2.1 Rising use of drones in crop monitoring, wildlife conservation, and cinematography to drive market
  7.2.3 MEDIUM
    7.2.3.1 Growing adoption of drones in package delivery, meteorological research, and intelligence collection to drive market
  7.2.4 LARGE
    7.2.4.1 Increasing demand for passenger drones to drive market
7.3 DEFENSE
TABLE 29 DEFENSE: INDIA DRONE MARKET, BY PLATFORM, 2020–2023 (UNITS)
TABLE 30 DEFENSE: INDIA DRONE MARKET, BY PLATFORM, 2024–2029 (UNITS)
FIGURE 69 INDIA DRONE MARKET, BY DEFENSE PLATFORM, 2024–2029
TABLE 31 DEFENSE: INDIA DRONE MARKET, BY PLATFORM, 2020–2023 (USD MILLION)
TABLE 32 DEFENSE: INDIA DRONE MARKET, BY PLATFORM, 2024–2029 (USD MILLION)
  7.3.1 SMALL
    7.3.1.1 Rising use of small drones in military applications to drive market
  7.3.2 TACTICAL
    7.3.2.1 Growing demand for high endurance in drones to drive market
  7.3.3 STRATEGIC
    7.3.3.1 Surge in demand for high payload capability to drive market

8 INDIA DRONE MARKET, BY SYSTEM

8.1 INTRODUCTION
FIGURE 70 INDIA DRONE MARKET, BY SYSTEM, 2024–2029
TABLE 33 INDIA DRONE MARKET, BY SYSTEM, 2020–2023 (USD MILLION)
TABLE 34 INDIA DRONE MARKET, BY SYSTEM, 2024–2029 (USD MILLION)
8.2 PLATFORMS
  8.2.1 AIRFRAMES
    8.2.1.1 Growing collaborations between government agencies, research institutions, and private enterprises to drive market
  8.2.2 AVIONICS
    8.2.2.1 Advancements in sensor technology for enhanced navigation and data collection capabilities to drive market
  8.2.3 PROPULSION SYSTEMS
    8.2.3.1 Increasing focus on developing gas turbine engines to drive market
  8.2.4 SOFTWARE
    8.2.4.1 Development of AI-powered analytics for efficient data processing and actionable insights to drive market
8.3 PAYLOADS
  8.3.1 CAMERAS
    8.3.1.1 Increasing adoption of drones for aerial photography, infrastructure inspection, and urban planning to drive market
  8.3.2 INTELLIGENCE PAYLOADS
    8.3.2.1 Growing demand for enhanced situational awareness to drive market
  8.3.3 RADARS
    8.3.3.1 Rising need for real-time high-resolution imaging and improved warning systems to drive market
  8.3.4 LIDAR
    8.3.4.1 Booming demand for high-precision mapping and surveying to drive market
  8.3.5 GIMBALS
    8.3.5.1 Growing inclination toward drone photography to drive market
8.4 DATA LINKS
  8.4.1 INCREASING EMPHASIS ON TRANSMITTING LOCATION, FLIGHT TIME, AND AIRSPEED DURING FLIGHTS TO DRIVE MARKET
8.5 GROUND CONTROL STATIONS
  8.5.1 REMOTE MONITORING, MISSION PLANNING, AND ALTITUDE CONTROLLING APPLICATIONS TO DRIVE MARKET
8.6 LAUNCH AND RECOVERY SYSTEMS
  8.6.1 HIGH DEMAND IN MILITARY SECTOR TO DRIVE MARKET

9 INDIA DRONE MARKET, BY INDUSTRY

9.1 INTRODUCTION
FIGURE 71 INDIA DRONE MARKET, BY INDUSTRY, 2024–2029
TABLE 35 INDIA DRONE MARKET, BY INDUSTRY, 2020–2023 (USD MILLION)
TABLE 36 INDIA DRONE MARKET, BY INDUSTRY, 2024–2029 (USD MILLION)
9.2 DEFENSE AND SECURITY
  9.2.1 DISASTER MANAGEMENT APPLICATIONS TO DRIVE MARKET
9.3 AGRICULTURE
  9.3.1 AGRARIAN ECONOMIC NATURE OF INDIA TO DRIVE MARKET
9.4 LOGISTICS AND TRANSPORTATION
  9.4.1 TRANSPORTATION
    9.4.1.1 Growing focus on sustainable logistics to drive market
  9.4.2 POSTAL AND PACKAGE DELIVERY
    9.4.2.1 Increasing emphasis on remote area delivery to drive market
  9.4.3 HEALTHCARE AND PHARMACY DELIVERY
    9.4.3.1 Rise in use of drones for emergency response, telemedicine support, and prescription delivery to drive market
9.5 ENERGY AND POWER
  9.5.1 POWER GENERATION
    9.5.1.1 Reduced need for manual inspection to drive market
  9.5.2 OIL & GAS
    9.5.2.1 Growing focus on safety regulation compliance to drive market
9.6 CONSTRUCTION AND MINNING
  9.6.1 SURGE IN USE OF DRONES FOR PROJECT PLANNING AND RESOURCE ALLOCATION TO DRIVE MARKET
9.7 MEDIA AND ENTERTAINMENT
  9.7.1 RISING DEMAND FOR REAL-TIME AERIAL FOOTAGE AND VISUAL STORYTELLING TO DRIVE MARKET
9.8 INSURANCE
  9.8.1 INCREASING ADOPTION FOR RISK ASSESSMENT, CLAIMS PROCESSING, AND UNDERWRITING TO DRIVE MARKET
9.9 WILDLIFE AND FORESTRY
  9.9.1 NEED TO COMBAT POACHING AND TRACK ANIMAL MOVEMENTS TO DRIVE MARKET
9.10 ACADEMICS AND RESEARCH
  9.10.1 GROWING USE OF DRONES FOR ENVIRONMENTAL SCIENCE, GEOGRAPHY, AND ARCHAEOLOGY TO DRIVE MARKET

10 INDIA DRONE MARKET, BY APPLICATION

10.1 INTRODUCTION
TABLE 37 INDIA DRONE MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 38 INDIA DRONE MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
10.2 MILITARY
TABLE 39 MILITARY: INDIA DRONE MARKET, BY APPLICATION, 2020–2023 (USD MILLION)
TABLE 40 MILITARY: INDIA DRONE MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
  10.2.1 INTELLIGENCE, SURVEILLANCE, AND RECONNAISSANCE
    10.2.1.1 Rising need for improved battlefield intelligence gathering to drive market
  10.2.2 COMBAT OPERATIONS
    10.2.2.1 Growing demand for minimized collateral damage for ground troops to drive market
  10.2.3 DELIVERY
    10.2.3.1 Need for timely and safe resupply to frontline units to drive market
10.3 COMMERCIAL
  10.3.1 INSPECTION AND MONITORING
    10.3.1.1 Favorable government policies for unmanned aerial vehicles to drive market
  10.3.2 REMOTE SENSING
    10.3.2.1 Surge in 3D infrastructure modeling to drive market
  10.3.3 SURVEYING AND MAPPING
    10.3.3.1 Increased topographic survey, photogrammetry consultancy, and vegetation mapping to drive market
  10.3.4 PRODUCT DELIVERY
    10.3.4.1 Rapid expansion of e-commerce and demand for efficient last-mile delivery solutions to drive market
  10.3.5 AERIAL IMAGING
    10.3.5.1 Surge in use of drones for agile acrobatic shots and semi-orthometric aerial photography to drive market
10.4 GOVERNMENT AND LAW ENFORCEMENT
  10.4.1 BORDER MANAGEMENT
    10.4.1.1 Booming use of drones for threat detection on borders to drive market
  10.4.2 TRAFFIC MONITORING
    10.4.2.1 Increased emphasis on better traffic flow and road safety to drive market
  10.4.3 FIREFIGHTING AND DISASTER MANAGEMENT
    10.4.3.1 Growing focus on prompt response time during disasters to drive market
  10.4.4 POLICE OPERATIONS AND INVESTIGATIONS
    10.4.4.1 Increasing use of drones for crime scene analysis to drive market
  10.4.5 MARITIME SECURITY
    10.4.5.1 Surge in anti-piracy operations to drive market
10.5 CONSUMER
  10.5.1 PROSUMERS
    10.5.1.1 Increased use of drones for weddings and other events to drive market
  10.5.2 HOBBYISTS
    10.5.2.1 Expanding use of drones for vlogging to drive market

11 INDIA DRONE MARKET, BY POINT OF SALE

11.1 INTRODUCTION
FIGURE 73 INDIA DRONE MARKET, BY POINT OF SALE, 2024–2029
TABLE 41 INDIA DRONE MARKET, BY POINT OF SALE, 2020–2023 (USD MILLION)
TABLE 42 INDIA DRONE MARKET, BY POINT OF SALE, 2024–2029 (USD MILLION)
11.2 OEM
  11.2.1 INCREASING ADOPTION OF DRONES IN AGRICULTURE, CONSTRUCTION, INFRASTRUCTURE, AND LOGISTICS TO DRIVE MARKET
11.3 AFTERMARKET
  11.3.1 MRO
    11.3.1.1 Stringent regulatory environment governing commercial drone operations to drive market
  11.3.2 REPLACEMENT PARTS AND SOFTWARE UPGRADES
    11.3.2.1 Rising need for optimized drone performance to drive market
  11.3.3 SIMULATION AND TRAINING
    11.3.3.1 Growing government initiatives such as Drone Certification Scheme to drive market

12 COMPETITIVE LANDSCAPE

12.1 INTRODUCTION
12.2 KEY PLAYER STRATEGIES
TABLE 43 KEY PLAYER STRATEGIES, 2023–2024
12.3 RANKING ANALYSIS
12.4 BRAND AND PRODUCT COMPARISON
  12.4.1 BRAND AND PRODUCT COMPARISON
FIGURE 75 BRAND COMPARISON, 2023
  12.4.2 PRODUCT COMPARISON
TABLE 44 PRODUCT COMPARISON OF COMMERCIAL DRONES, 2023
TABLE 45 PRODUCT COMPARISON OF MILITARY DRONES, 2023
12.5 COMPANY VALUATION AND FINANCIAL METRICS
TABLE 46 COMPANY VALUATION OF KEY PLAYERS, 2018–2023
TABLE 47 FINANCIAL METRICS OF KEY PLAYERS, 2018–2023
12.6 REVENUE ANALYSIS
12.7 MARKET SHARE ANALYSIS
FIGURE 79 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2023
TABLE 48 INDIA DRONE MARKET: DEGREE OF COMPETITION
12.8 COMPANY EVALUATION MATRIX
  12.8.1 STARS
  12.8.2 EMERGING LEADERS
  12.8.3 PERVASIVE PLAYERS
  12.8.4 PARTICIPANTS
FIGURE 80 INDIA DRONE MARKET: COMPANY EVALUATION MATRIX, 2023
  12.8.5 COMPANY FOOTPRINT
FIGURE 81 INDIA DRONE MARKET: COMPANY FOOTPRINT
TABLE 49 INDIA DRONE MARKET: PLATFORM FOOTPRINT
TABLE 50 INDIA DRONE MARKET: INDUSTRY FOOTPRINT
TABLE 51 INDIA DRONE MARKET: APPLICATION FOOTPRINT
TABLE 52 INDIA DRONE MARKET: POINT OF SALE FOOTPRINT
12.9 STARTUP/SME EVALUATION MATRIX
  12.9.1 PROGRESSIVE COMPANIES
  12.9.2 RESPONSIVE COMPANIES
  12.9.3 DYNAMIC COMPANIES
  12.9.4 STARTING BLOCKS
FIGURE 82 INDIA DRONE MARKET: STARTUP/SME EVALUATION MATRIX, 2023
  12.9.5 COMPETITIVE BENCHMARKING
TABLE 53 INDIA DRONE MARKET: KEY STARTUPS/SMES
TABLE 54 INDIA DRONE MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
12.10 COMPETITIVE SCENARIOS AND TRENDS
  12.10.1 MARKET EVALUATION FRAMEWORK
  12.10.2 PRODUCT LAUNCHES
TABLE 55 INDIA DRONE MARKET: PRODUCT LAUNCHES, JANUARY 2021–MARCH 2024
  12.10.3 DEALS
TABLE 56 INDIA DRONE MARKET: DEALS, JANUARY 2021–MARCH 2024
TABLE 57 INDIA DRONE MARKET: EXPANSIONS, JANUARY 2021–MARCH 2024
TABLE 58 INDIA DRONE MARKET: OTHER DEVELOPMENTS, JANUARY 2021–MARCH 2024

13 COMPANY PROFILES

(Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Right to win, Strategic choices, Weaknesses and competitive threats) *
13.1 INTRODUCTION
13.2 KEY PLAYERS
  13.2.1 IDEAFORGE TECHNOLOGY LTD.
TABLE 59 IDEAFORGE TECHNOLOGY LTD.: COMPANY OVERVIEW
FIGURE 83 IDEAFORGE TECHNOLOGY LTD.: COMPANY SNAPSHOT
TABLE 60 IDEAFORGE TECHNOLOGY LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 61 IDEAFORGE TECHNOLOGY LTD.: PRODUCT LAUNCHES
TABLE 62 IDEAFORGE TECHNOLOGY LTD.: DEALS
TABLE 63 IDEAFORGE TECHNOLOGY LTD.: OTHER DEVELOPMENTS
  13.2.2 NEWSPACE RESEARCH AND TECHNOLOGIES PVT. LTD.
TABLE 64 NEWSPACE RESEARCH AND TECHNOLOGIES PVT. LTD.: COMPANY OVERVIEW
TABLE 65 NEWSPACE RESEARCH AND TECHNOLOGIES PVT. LTD.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
TABLE 66 NEWSPACE RESEARCH AND TECHNOLOGIES PVT. LTD.: DEALS
TABLE 67 NEWSPACE RESEARCH AND TECHNOLOGIES PVT. LTD.: OTHER DEVELOPMENTS
  13.2.3 IOTECHWORLD
TABLE 68 IOTECHWORLD: COMPANY OVERVIEW
TABLE 69 IOTECHWORLD: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 70 IOTECHWORLD: DEALS
TABLE 71 IOTECHWORLD: OTHER DEVELOPMENTS
  13.2.4 GARUDA AEROSPACE
TABLE 72 GARUDA AEROSPACE: COMPANY OVERVIEW
TABLE 73 GARUDA AEROSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 74 GARUDA AEROSPACE: PRODUCT LAUNCHES
TABLE 75 GARUDA AEROSPACE: DEALS
  13.2.5 ASTERIA AEROSPACE LIMITED
TABLE 76 ASTERIA AEROSPACE LIMITED: COMPANY OVERVIEW
TABLE 77 ASTERIA AEROSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  13.2.6 PARAS AEROSPACE
TABLE 78 PARAS AEROSPACE: COMPANY OVERVIEW
TABLE 79 PARAS AEROSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 80 PARAS AEROSPACE: PRODUCT LAUNCHES
TABLE 81 PARAS AEROSPACE: DEALS
TABLE 82 PARAS AEROSPACE: OTHER DEVELOPMENTS
  13.2.7 ADANI DEFENCE AND AEROSPACE
TABLE 83 ADANI DEFENCE AND AEROSPACE: COMPANY OVERVIEW
TABLE 84 ADANI DEFENCE AND AEROSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 85 ADANI DEFENCE AND AEROSPACE: PRODUCT LAUNCHES
TABLE 86 ADANI DEFENCE AND AEROSPACE: DEALS
  13.2.8 DRONIX TECHNOLOGIES PRIVATE LIMITED
TABLE 87 DRONIX TECHNOLOGIES PRIVATE LIMITED: COMPANY OVERVIEW
TABLE 88 DRONIX TECHNOLOGIES PRIVATE LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  13.2.9 JOHNNETTE GROUP
TABLE 89 JOHNNETTE GROUP: COMPANY OVERVIEW
TABLE 90 JOHNNETTE GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 91 JOHNNETTE GROUP: DEALS
TABLE 92 JOHNNETTE GROUP: OTHER DEVELOPMENTS
  13.2.10 TATA ADVANCED SYSTEMS LIMITED
TABLE 93 TATA ADVANCED SYSTEMS LIMITED: COMPANY OVERVIEW
TABLE 94 TATA ADVANCED SYSTEMS LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  13.2.11 CDSPACE
TABLE 95 CDSPACE: COMPANY OVERVIEW
TABLE 96 CDSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 97 CDSPACE: DEALS
  13.2.12 THANOS
TABLE 98 THANOS: COMPANY OVERVIEW
TABLE 99 THANOS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  13.2.13 DROGO DRONES
TABLE 100 DROGO DRONES: COMPANY OVERVIEW
TABLE 101 DROGO DRONES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 102 DROGO DRONES: PRODUCT LAUNCHES
  13.2.14 SCANDRON PVT. LTD.
TABLE 103 SCANDRON PVT. LTD.: COMPANY OVERVIEW
TABLE 104 SCANDRON PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 105 SCANDRON PVT. LTD.: DEALS
  13.2.15 DHAKSHA UNMANNED SYSTEMS
TABLE 106 DHAKSHA UNMANNED SYSTEMS: COMPANY OVERVIEW
TABLE 107 DHAKSHA UNMANNED SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 108 DHAKSHA UNMANNED SYSTEMS: OTHER DEVELOPMENTS
  13.2.16 MULTIPLEX DRONE PRIVATE LIMITED
TABLE 109 MULTIPLEX DRONE PRIVATE LIMITED: COMPANY OVERVIEW
TABLE 110 MULTIPLEX DRONE PRIVATE LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  13.2.17 CHATAK INNOVATIONS
TABLE 111 CHATAK INNOVATIONS: COMPANY OVERVIEW
TABLE 112 CHATAK INNOVATIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  13.2.18 AEROSIGHT TECHNOLOGIES
TABLE 113 AEROSIGHT TECHNOLOGIES: COMPANY OVERVIEW
TABLE 114 AEROSIGHT TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  13.2.19 MARUT DRONETECH PRIVATE LIMITED
TABLE 115 MARUT DRONETECH PRIVATE LIMITED: COMPANY OVERVIEW
TABLE 116 MARUT DRONETECH PRIVATE LIMITED: PRODUCTS/SOLUTIONS/
SERVICES OFFERED
TABLE 117 MARUT DRONETECH PRIVATE LIMITED: PRODUCT LAUNCHES
TABLE 118 MARUT DRONETECH PRIVATE LIMITED: DEALS
TABLE 119 MARUT DRONETECH PRIVATE LIMITED: EXPANSIONS
  13.2.20 URBANMATRIX TECHNOLOGIES
TABLE 120 URBANMATRIX TECHNOLOGIES: COMPANY OVERVIEW
TABLE 121 URBANMATRIX TECHNOLOGIES: PRODUCTS/SOLUTIONS/
SERVICES OFFERED
TABLE 122 URBANMATRIX TECHNOLOGIES: DEALS
  13.2.21 TECHEAGLE
TABLE 123 TECHEAGLE: COMPANY OVERVIEW
TABLE 124 TECHEAGLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 125 TECHEAGLE: DEALS
  13.2.22 SAGAR DEFENCE ENGINEERING
TABLE 126 SAGAR DEFENCE ENGINEERING: COMPANY OVERVIEW
TABLE 127 SAGAR DEFENCE ENGINEERING: PRODUCTS/SOLUTIONS/
SERVICES OFFERED
  13.2.23 THROTTLE AEROSPACE SYSTEMS PVT. LTD.
TABLE 128 THROTTLE AEROSPACE SYSTEMS PVT. LTD.: COMPANY OVERVIEW
TABLE 129 THROTTLE AEROSPACE SYSTEMS PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 130 THROTTLE AEROSPACE SYSTEMS PVT. LTD.: PRODUCT LAUNCHES
  13.2.24 DCM SHRIRAM INDUSTRIES LTD.
TABLE 131 DCM SHRIRAM INDUSTRIES LTD.: COMPANY OVERVIEW
FIGURE 84 DCM SHRIRAM INDUSTRIES LTD.: COMPANY SNAPSHOT
TABLE 132 DCM SHRIRAM INDUSTRIES LTD.: PRODUCTS/SOLUTIONS/
SERVICES OFFERED
TABLE 133 DCM SHRIRAM INDUSTRIES LTD.: DEALS
  13.2.25 RCHOBBYTECH SOLUTIONS PRIVATE LIMITED
TABLE 134 RCHOBBYTECH SOLUTIONS PRIVATE LIMITED: COMPANY OVERVIEW
TABLE 135 RCHOBBYTECH SOLUTIONS PRIVATE LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  13.2.26 HUBBLEFLY TECHNOLOGIES
TABLE 136 HUBBLEFLY TECHNOLOGIES: COMPANY OVERVIEW
TABLE 137 HUBBLEFLY TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  13.2.27 INDRONES SOLUTIONS PVT. LTD.
TABLE 138 INDRONES SOLUTIONS PVT. LTD.: COMPANY OVERVIEW
TABLE 139 INDRONES SOLUTIONS PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  13.2.28 D’AVIATORS
TABLE 140 D’AVIATORS: COMPANY OVERVIEW
TABLE 141 D’AVIATORS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  13.2.29 SKYLARK DRONES
TABLE 142 SKYLARK DRONES: COMPANY OVERVIEW
TABLE 143 SKYLARK DRONES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 144 SKYLARK DRONES: OTHER DEVELOPMENTS
  13.2.30 RAPHE
TABLE 145 RAPHE: COMPANY OVERVIEW
TABLE 146 RAPHE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 147 RAPHE: PRODUCT LAUNCHES
*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

14.1 DISCUSSION GUIDE
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 CUSTOMIZATION OPTIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS


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