CHICAGO, May 15, 2024 /PRNewswire/ -- The India Drone Market is projected to grow from USD 654 Million in 2024 to USD 1,437 Million by 2029, at a CAGR of 17.0% during the forecast period according to a new report by MarketsandMarkets™. The Drone volume in the India Drone Market is projected to grow from 10,803 Units in 2024 to 61,393 Units by 2029. The India drone market is experiencing rapid growth, driven by increasing demand across various sectors, including agriculture, defense, and e-commerce. Supportive government policies and initiatives like the Drone Shakti scheme have further expanded the industry.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=136782206

Browse in-depth TOC on "India Drone Market" 

147 – Tables
84 – Figures
280 – Pages

India Drone Market Report Scope:

India Drone Market- By System

By system, the Platform systems segment is expected to lead the market. There's a growing demand for drones across various sectors such as agriculture, defense, entertainment, and delivery services. Platform systems are the core components of drones, including the airframe, propulsion system, and avionics and software. Expanding these sectors could lead to higher investment in the development and procurement of drones, directly affecting the market size of platform systems.

India Drone Market- By Platform

The platform, Civil, and Commercial segments are expected to lead the market in volume (Units), but in market size (USD Million), the defense segment will lead the market. Civil and commercial usage, including agriculture, energy, and construction, shows a balanced spread, reflecting the technology's cross-sectoral adoption. Small and tactical class drones are preferred for their versatility and lower operational costs, aligning with global trends towards more compact and efficient UAVs for both military and civilian uses. This market distribution underscores the strategic importance of drones in national defense, the growing commercial applications, and the potential for further expansion into various industries.

India Drone Market- By Industry

By Industry, the defense and Security segment was estimated to account for the largest share of the India drone market in 2024. The defense and security sector dominates the Indian drone industry due to its critical role in national security and the strategic advantages drones offer. With regional security challenges, the need for heightened surveillance and reconnaissance, and the delivery of payload to border areas, India has prioritized the adoption of drones for defense purposes. The government's emphasis on self-reliance in defense technology further bolsters this sector's market share, as drones become integral to modern military operations and border management, leading to significant investment in this technology.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=136782206

Major Service providers in the Indian drone companies 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.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=136782206

Browse Adjacent Market: Aerospace and Defence Market Research Reports & Consulting

Related Reports: 

Public Safety Drone Market by Type (Rotary Wing, Fixed Wing, Hybrid), Platform (Micro, Small), Application (Police Operations & Investigations, Firefighting & Disaster Management, Border Management, Others), Mode of operation, and Region - Global Forecast to 2028

Small Drones Market by Platform (Civil & Commercial and Defense & Government), Type (Fixed Wing, Rotary Wing, and Hybrid), Application (Military, Commercial, Government & Law, Consumer), Mode of Operation, Power Source, and Region – Global Forecast to 2030

Military Drone Market by Platform (Small, Tactical, Strategic), Type (Fixed Wing, Rotary Wing, Hybrid), Application (UCAVs, ISR, Delivery), Propulsion (Fuel Powered & Battery Powered), MTOW, Operation Mode, Launching Mode, and Region - Global Forecast to 2028

UAV (Drone) Market by Type (Fixed Wing, Rotary Wing, Hybrid), Platform (Civil & Commercial, and Defense & Government), Point of Sale, Systems, Function, Industry, Application, Mode of Operation, MTOW, Range and Region - Global Forecast to 2029

Drone Simulator Market by Application (Commercial, Military), Component (Software, Hardware), Device Type (Augmented Reality, Virtual Reality), Drone Type (Fixed Wing, Rotary Wing), System Type, and Region - Global Forecast to 2027

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/india-drone-companies.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/india-drone.asp

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg

View original content:https://www.prnewswire.com/news-releases/india-drone-market-worth-1-437-million-by-2029---exclusive-report-by-marketsandmarkets-302145934.html

SOURCE MarketsandMarkets