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India Drone Market- By Type (Fixed Wing, High-Altitude Long Endurance (HALE), Unmanned Combat Aerial Vehicle (UCAV), Medium-Altitude Long-Endurance Unmanned Aerial Vehicle (MALE), Others), By Payload (Less than 250 gm, 250 gm - 2 kg, 2-25kg, 25-250kg, Above 250 Kg), By Application (Agriculture & Forestry, Media & Entertainment, Mapping & Monitoring, Others), and By Region (North, South, East, West)- forecast from 2020-2027.
India Drone Market Overview:
Drones are uncrewed aircraft operated by radio remote control equipment and self-provided program control devices, or intermittently autonomously operated by onboard computers. The essence of a drone is to replace the aircraft that the pilot flies with electronic equipment. The variety of UAV systems and the full range of applications have distinctive characteristics, resulting in significant differences in size, quality, range, flight time, flight altitude, flight speed, mission, and other aspects.
India Drone Market Insights
The India Drone market has the potential to grow with USD 200 billion with historical CAGR in the forecast period from 2020-2027. The compound annual growth rate of the shipping industry expected to reach the highest level as drones will increasingly be used to transport various products, from small packages to medical supplies and food.
UAV system industry is developing at an alarming rate; many companies are involved in manufacturing UAV platforms or providing sensors for UAV integrators. It includes Global Navigation Satellite System (GNSS), inertial sensors, Lidar sensor, camera photosensor, temperature sensor, infrared sensor, video sensor, etc.
From accident reports to crop monitoring to infrastructure inspection, the drone industry is on the rise. In particular, UAVs increasingly used in land management, construction, mining, and agriculture. Through the detailed inspection of the UAV to form high-resolution images, it can support open-pit mining operations. The processed pictures and data can track changes in inventory and stations over time, determine the best area for further extraction, and monitor and manage vehicle movement. However, these tasks required a lot of time in the past, and now drones condense all processes through their processing tools and produce enhanced results, making decisions faster and more apparent.
Moreover, the police department has begun to use drones to collect highly accurate aerial images of traffic accidents. Facts have proved that this method is faster and more effective. The drone collects photos and videos, and then the software stitches multiple high-resolution images into a 2D or 3D map. Through the geographic location annotation provided by the drone, investigators can take measurements directly from the visual accident records.
Additionally, the Government of India has started “Made in India,” which helps in promoting the manufacturing of new products and technology. Thus, there are various investments, and the production of drones will bolster the market demand. These drones will use for multiple purposes, such as training, surveillance, damage assessment. Also, with the new pandemic situation, drones are the source for the delivery of food and medicines in emergencies within a short period.
Growth Driver
Integration technology continues to improve
As the size, weight, power, and accuracy of sensors continue to increase, the use of drones will continue to grow steadily. Original equipment manufacturers, sensor suppliers, and data processing companies are crucial in the digital world. Therefore, the drone market plays a vital role in the development that is underway and will become profitable in the future.
Increasing Media and Entertainment Application
With the advancement in technology, the emerging demand for drones and increasing manufacturing of various sensor drones are bolstering the market demand in entertainment and media applications. The drones also use for capturing different pictures and data and also helps in collecting data. Thus, it is beneficial for various sectors, such as military, agriculture, and entertainment. Therefore, the demand for drones is bolstering in the Indian market.
By Type Segmental Analysis
Based on the type, the India drone market segmented into Fixed Wing, High-Altitude Long Endurance (HALE), Unmanned Combat Aerial Vehicle (UCAV), Medium-Altitude Long-Endurance Unmanned Aerial Vehicle (MALE), Others. The Medium-Altitude Long-Endurance Unmanned Aerial Vehicle (MALE) segment accounted for the largest share in the India drone market. It is mainly owing to its long endurance, capability for 24 hours mission, and have a general altitude ceiling of between 25000 feet and 50000 feet. Moreover, MALE majorly use of commercial purpose due to its reliability and high performance beneficial for transporting goods and services.
By Payload Segmental Analysis
Based on the payload, the India drone market classified into Less than 250 gm, 250 gm – 2 kg, 2-25kg, 25-250kg, Above 250 Kg. The 25-250 kg segment is estimated to account for the largest share of the India drone market in the forecast period. According to the law stated by the government of India, drones with a payload of less than 250 gm do not need to have a unique identification number (UIN). Whereas payload, when exceeding from 250gm and up to 150kg, it is mandatory for drone companies to have (UIN) and permit to operate the drone, which costs 25000.
By Application Segmental Analysis
Based on the application, India drone market classified into Agriculture & Forestry, Media & Entertainment, Mapping & Monitoring, Others. The entertainment segment has dominated the largest share in the India drone market. It is mainly due to the adoption of drones for capturing aerial shots and perfect scenes and also used for mass influencing. Moreover, drones in entertainment used also for capturing photos and engaging tourism visits by capturing pictures from high altitudes.
By Region Segmental Analysis
Based on geography, the India drone market segmented into North, South, East, West. West region is dominating the market share of the India drone market. It is mainly owing to economic development, emerging online food delivery market, and technological advancement in the west region is propelling the market of India drone market.
Competitor Analysis
Companies such as Edall System, idea Forge, Skylark Drones, Johnnette Technologies, Aarav Unmanned Systems (AUS), Terra Drone, and others are key players in the India drone market.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- India drone Manufacturing companies
- Research organizations and consulting companies’ drone
- Regulatory bodies
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Type
- Fixed Wing
- High-Altitude Long Endurance (HALE)
- Unmanned Combat Aerial Vehicle (UCAV)
- Medium-Altitude Long-Endurance Unmanned Aerial Vehicle (MALE)
- Others
By Payload
- Less than 250 gm
- 250 gm – 2 kg
- 2-25kg
- 25-250kg
- Above 250 Kg
By Application
- Agriculture & Forestry
- Media & Entertainment
- Mapping & Monitoring
- Others
By Region
- North
- South
- East
- West
India Drone Market
Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Economic Factor Analysis
- India Drone Market Overview
- Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Billion)
- Market Share & Forecast, 2016-2027
- By Type
- Fixed Wing
- High-Altitude Long Endurance (HALE)
- Unmanned Combat Aerial Vehicle (UCAV)
- Medium-Altitude Long-Endurance Unmanned Aerial Vehicle (MALE)
- Others
- By Payload
- Less than 250 gm
- 250 gm – 2 kg
- 2-25kg
- 25-250kg
- Above 250 Kg
- By Application
- Agriculture & Forestry
- Media & Entertainment
- Mapping & Monitoring
- Others
- By Region
- North
- South
- East
- West
- By Type
- Demand
- Market Size & Forecast, 2016-2027
- North Drone Market Overview
- North Drone Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Billion)
- North Drone Market Share & Forecast, 2016-2027
- By Type
- Fixed Wing
- High-Altitude Long Endurance (HALE)
- Unmanned Combat Aerial Vehicle (UCAV)
- Medium-Altitude Long-Endurance Unmanned Aerial Vehicle (MALE)
- Others
- By Payload
- Less than 250 gm
- 250 gm – 2 kg
- 2-25kg
- 25-250kg
- Above 250 Kg
- By Application
- Agriculture & Forestry
- Media & Entertainment
- Mapping & Monitoring
- Others
- Company Market Share (Top 3-5)
- Economic Impact Study on North Drone Market
- By Type
- Demand
- North Drone Market Size & Forecast, 2016-2027
- South Drone Market Overview
- South Drone Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Billion)
- South Drone Market Share & Forecast, 2016-2027
- By Type
- Fixed Wing
- High-Altitude Long Endurance (HALE)
- Unmanned Combat Aerial Vehicle (UCAV)
- Medium-Altitude Long-Endurance Unmanned Aerial Vehicle (MALE)
- Others
- By Payload
- Less than 250 gm
- 250 gm – 2 kg
- 2-25kg
- 25-250kg
- Above 250 Kg
- By Application
- Agriculture & Forestry
- Media & Entertainment
- Mapping & Monitoring
- Others
- Company Market Share (Top 3-5)
- Economic Impact Study on South Drone Market
- By Type
- Demand
- South Drone Market Size & Forecast, 2016-2027
- East Drone Market Overview
- East Drone Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Billion)
- East Drone Market Share & Forecast, 2016-2027
- By Type
- Fixed Wing
- High-Altitude Long Endurance (HALE)
- Unmanned Combat Aerial Vehicle (UCAV)
- Medium-Altitude Long-Endurance Unmanned Aerial Vehicle (MALE)
- Others
- By Payload
- Less than 250 gm
- 250 gm – 2 kg
- 2-25kg
- 25-250kg
- Above 250 Kg
- By Application
- Agriculture & Forestry
- Media & Entertainment
- Mapping & Monitoring
- Others
- Company Market Share (Top 3-5)
- Economic Impact Study on East Drone Market
- By Type
- Demand
- East Drone Market Size & Forecast, 2016-2027
- West Drone Market Overview
- West Drone Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Billion)
- West Drone Market Share & Forecast, 2016-2027
- By Type
- Fixed Wing
- High-Altitude Long Endurance (HALE)
- Unmanned Combat Aerial Vehicle (UCAV)
- Medium-Altitude Long-Endurance Unmanned Aerial Vehicle (MALE)
- Others
- By Payload
- Less than 250 gm
- 250 gm – 2 kg
- 2-25kg
- 25-250kg
- Above 250 Kg
- By Application
- Agriculture & Forestry
- Media & Entertainment
- Mapping & Monitoring
- Others
- Company Market Share (Top 3-5)
- Economic Impact Study on West Drone Market
- By Type
- Demand
- West Drone Market Size & Forecast, 2016-2027
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- Edall System
- idea Forge
- Skylark Drones
- Johnnette Technologies
- Aarav Unmanned Systems (AUS)
- Terra Drone
- Other players
