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.
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.
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.
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.
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.
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.
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.
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.
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.